In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), BloombergSen Inc. reported 26 stock positions worth $947.2 million . Its top holding was Progressive (PGR) at 13.4% of the portfolio, followed by HCA Healthcare (HCA, 12.6% ) and Corpay (CPAY, 10.7% ). Compared with Q3 2025, it opened 3 new positions, sold out of 7, added to 6 and reduced 15. The biggest buy was a new position in Pinnacle Financial Partners (PNFP) and the biggest sale an exit from D.R. Horton (DHI).
Location TORONTO, A6
CIK 0001484047
Portfolio Value $947.2M (Q4 2025) Holdings 26 stocks · $947.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 PGR Progressive Corp. 558,600 $127.2M Reduce -7.2% HCA HCA Healthcare Inc. 255,918 $119.5M Reduce -7.2% CPAY Corpay Inc. 337,666 $101.6M Reduce -7.2% AON Aon PLC Class A 262,750 $92.7M Reduce -7.2% CIGI Colliers Intl GR-Subord Vot 585,856 $86.1M Reduce -7.2% BKNG Booking Holdings Inc. 15,958 $85.5M Reduce -7.2% PNFP Pinnacle Financial Partners 801,131 $76.4M New HURN Huron Consulting Group Inc. 343,141 $59.3M Reduce -6.0% CBZ Cbiz Inc. 1,028,295 $51.9M Reduce -7.2% WRB WR Berkley Corp. filed as BERKLEY W R CORP 679,920 $47.7M Reduce -7.2% UNH Unitedhealth Group Inc. 69,549 $23.0M Reduce -7.2% MSFT Microsoft Corp. 38,369 $18.6M Reduce -7.2% CI The Cigna Group 65,617 $18.1M Reduce -7.1% TDUP Thredup Inc. Class A 1,274,289 $8.1M Add +44.7% CVNA Carvana Co. 15,208 $6.4M No change W Wayfair Inc. Class A 61,186 $6.1M Add +5.8% FA First Advantage Corp. 377,216 $5.5M Add +41.6% DASH DoorDash Inc. Class A 10,657 $2.4M Add +31.6% UBER Uber Technologies Inc. 25,189 $2.1M Add +11.6% MNDY Monday.com Ltd. 11,772 $1.7M Reduce -10.1% SWIM Latham Group Inc. 230,923 $1.5M Reduce -32.7% ROOT Root Inc./Oh Class A 17,573 $1.3M New KVYO Klaviyo Inc. Class A 38,497 $1.2M Add +37.3% AFRM Affirm Holdings Inc. 15,292 $1.1M New MEDP Medpace Holdings Inc. 2,017 $1.1M Reduce -26.8% TDY Teledyne Technologies Inc. 2,045 $1.0M No change
Options reported separately and not counted above: CI calls ($267.9M), GOOG calls ($155.5M).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ DHI D.R. Horton Inc. Sold out 0.00% −9.22 PNFP Pinnacle Financial Partners Sold out 0.00% −6.87 NFLX Netflix Inc. Sold out 0.00% −3.56 ECPG Encore Capital Group Inc. Sold out 0.00% −0.68 FVRR Fiverr International Ltd. Sold out 0.00% −0.17 SWIM Latham Group Inc. Reduce -32.7% 0.15% −0.07 ZIP Ziprecruiter Inc. Class A Sold out 0.00% −0.07 ACVA Acv Auctions Inc. Class A Sold out 0.00% −0.04 MNDY Monday.com Ltd. Reduce -10.1% 0.18% −0.03 MEDP Medpace Holdings Inc. Reduce -26.8% 0.12% −0.00 MSFT Microsoft Corp. Reduce -7.2% 1.96% +0.14 CI The Cigna Group Reduce -7.1% 1.91% +0.18 UNH Unitedhealth Group Inc. Reduce -7.2% 2.42% +0.23 WRB WR Berkley Corp. Reduce -7.2% 5.03% +0.27 CBZ Cbiz Inc. Reduce -7.2% 5.48% +0.50 CIGI Colliers Intl GR-Subord Vot Reduce -7.2% 9.09% +0.73 PGR Progressive Corp. Reduce -7.2% 13.43% +0.82 BKNG Booking Holdings Inc. Reduce -7.2% 9.02% +1.15 AON Aon PLC Class A Reduce -7.2% 9.79% +1.22 HURN Huron Consulting Group Inc. Reduce -6.0% 6.26% +1.72 CPAY Corpay Inc. Reduce -7.2% 10.73% +1.84 HCA HCA Healthcare Inc. Reduce -7.2% 12.61% +2.64
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ PNFP Pinnacle Financial Partners New 8.07% +8.07 FA First Advantage Corp. Add +41.6% 0.58% +0.23 W Wayfair Inc. Class A Add +5.8% 0.65% +0.21 TDUP Thredup Inc. Class A Add +44.7% 0.86% +0.15 ROOT Root Inc./Oh Class A New 0.13% +0.13 AFRM Affirm Holdings Inc. New 0.12% +0.12 DASH DoorDash Inc. Class A Add +31.6% 0.25% +0.07 KVYO Klaviyo Inc. Class A Add +37.3% 0.13% +0.07 UBER Uber Technologies Inc. Add +11.6% 0.22% +0.03
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ CI The Cigna Group call Reduce -7.2% 973,200 $267.9M GOOG Alphabet Inc. Class C call Reduce -7.2% 495,400 $155.5M PNFP Pinnacle Financial Partners call Sold out 30,100 $2.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 28 $894.0M PGR, CPAY, HCA, AON, PNFP Q1 2026 27 $892.8M HCA, PGR, CPAY, AON, PNFP Q4 2025 26 $947.2M PGR, HCA, CPAY, AON, CIGI Q3 2025 30 $1.2B PGR, HCA, DHI, CPAY, AON Q2 2025 29 $1.2B PGR, CPAY, HCA, AON, BKNG Q1 2025 29 $1.2B PGR, CPAY, AON, HCA, PNFP Q4 2024 29 $1.2B PGR, CPAY, AON, PNFP, DHI Q3 2024 31 $1.2B PGR, DHI, CPAY, HCA, AON Q2 2024 29 $1.1B PGR, CIGI, CPAY, DHI, HCA Q1 2024 29 $1.2B CIGI, PGR, CPAY, DHI, AON