Bwcp, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bwcp, LP reported 23 stock positions worth $577.1 million. Its top holding was Zeta Global Class A (ZETA) at 9.9% of the portfolio, followed by Microsoft (MSFT, 8.2%) and Boyd Gaming (BYD, 7.1%). Compared with Q2 2025, it opened 6 new positions, sold out of 10, added to 6 and reduced 11. The biggest buy was a new position in James Hardie Ind (JHX) and the biggest sale an exit from Intuit (INTU).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001787893
- Portfolio Value
- $577.1M (Q3 2025)
- SEC Filing
- 0001787893-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 23 stocks · $577.1M
| ZETA Zeta Global Holdings Corp. Class A | 9.93% | 2,884,248 | $57.3M | Add +5.2% |
| MSFT Microsoft Corp. | 8.17% | 91,008 | $47.1M | Add +81.1% |
| BYD Boyd Gaming Corp. | 7.14% | 476,929 | $41.2M | Reduce -10.7% |
| UAL United Airlines Holdings Inc. | 6.61% | 395,245 | $38.1M | Add +7.8% |
| COHR Coherent Corp. | 5.79% | 310,320 | $33.4M | Add +17.2% |
| CPNG Coupang Inc. | 5.72% | 1,024,699 | $33.0M | Add +7.9% |
| FIX Comfort Systems USA Inc. | 5.69% | 39,770 | $32.8M | Add +2.5% |
| EYE National Vision Holdings Inc. | 4.69% | 927,471 | $27.1M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 4.64% | 95,859 | $26.8M | Reduce -0.1% |
| PLNT Planet Fitness Inc. Class A | 4.47% | 248,300 | $25.8M | Reduce -11.4% |
| SN Sharkninja Inc. | 4.38% | 244,987 | $25.3M | Reduce -13.8% |
| JHX James Hardie Ind PLC | 4.30% | 1,292,202 | $24.8M | New |
| DKNG Draftkings Inc. Class A | 3.94% | 608,656 | $22.8M | Reduce -2.2% |
| ADSK Autodesk Inc. | 3.93% | 71,373 | $22.7M | Reduce -19.4% |
| AMZN Amazon.com Inc. | 3.78% | 99,290 | $21.8M | Reduce -13.5% |
| PRMB Primo Brands Corp. | 3.58% | 933,748 | $20.6M | New |
| ONON On Holding AG Class A filed as ON HLDG AG | 3.10% | 422,706 | $17.9M | New |
| AXON Axon Enterprise Inc. | 2.89% | 23,261 | $16.7M | Reduce -9.0% |
| VRT Vertiv Holdings Co. Class A | 2.34% | 89,691 | $13.5M | Reduce -51.5% |
| PCOR Procore Technologies Inc. | 1.89% | 149,579 | $10.9M | New |
| WIX Wix.com Ltd. | 1.50% | 48,751 | $8.7M | New |
| AMT American Tower Corp. | 1.47% | 44,202 | $8.5M | Reduce -1.7% |
| BLND Blend Labs Inc. Class A | 0.04% | 67,935 | $248K | New |
Portfolio Sells Q2 2025 → Q3 2025
| INTU Intuit Inc. | Sold out | 0.00% | −4.44 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −4.03 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −3.29 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −2.80 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −2.67 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −2.64 |
| U Unity Software Inc. | Sold out | 0.00% | −2.18 |
| GRND Grindr Inc. | Sold out | 0.00% | −2.14 |
| VRT Vertiv Holdings Co. Class A | Reduce -51.5% | 2.34% | −1.53 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −1.36 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −1.34 |
| AXON Axon Enterprise Inc. | Reduce -9.0% | 2.89% | −0.56 |
| ADSK Autodesk Inc. | Reduce -19.4% | 3.93% | −0.55 |
| PLNT Planet Fitness Inc. Class A | Reduce -11.4% | 4.47% | −0.53 |
| DKNG Draftkings Inc. Class A | Reduce -2.2% | 3.94% | −0.41 |
| AMZN Amazon.com Inc. | Reduce -13.5% | 3.78% | −0.33 |
| SN Sharkninja Inc. | Reduce -13.8% | 4.38% | −0.22 |
| AMT American Tower Corp. | Reduce -1.7% | 1.47% | −0.15 |
| BYD Boyd Gaming Corp. | Reduce -10.7% | 7.14% | +0.32 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.1% | 4.64% | +1.09 |
| EYE National Vision Holdings Inc. | Reduce -1.6% | 4.69% | +1.15 |
Portfolio Buys Q2 2025 → Q3 2025
| JHX James Hardie Ind PLC | New | 4.30% | +4.30 |
| MSFT Microsoft Corp. | Add +81.1% | 8.17% | +4.09 |
| PRMB Primo Brands Corp. | New | 3.58% | +3.58 |
| ONON On Holding AG Class A | New | 3.10% | +3.10 |
| ZETA Zeta Global Holdings Corp. Class A | Add +5.2% | 9.93% | +3.00 |
| FIX Comfort Systems USA Inc. | Add +2.5% | 5.69% | +2.29 |
| COHR Coherent Corp. | Add +17.2% | 5.79% | +1.93 |
| PCOR Procore Technologies Inc. | New | 1.89% | +1.89 |
| UAL United Airlines Holdings Inc. | Add +7.8% | 6.61% | +1.84 |
| WIX Wix.com Ltd. | New | 1.50% | +1.50 |
| CPNG Coupang Inc. | Add +7.9% | 5.72% | +1.07 |
| BLND Blend Labs Inc. Class A | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $700.1M | ZETA, UAL, BYD, AS, GPGI |
| Q1 2026 | 27 | $655.6M | ZETA, UAL, BYD, MSI, META |
| Q4 2025 | 29 | $602.9M | ZETA, UAL, MSFT, BYD, FIX |
| Q3 2025 | 23 | $577.1M | ZETA, MSFT, BYD, UAL, COHR |
| Q2 2025 | 27 | $612.2M | ZETA, BYD, PLNT, UAL, CPNG |
| Q1 2025 | 24 | $493.4M | ZETA, BYD, ADSK, PLNT, SKX |
| Q4 2024 | 25 | $464.7M | BYD, UAL, ADSK, SKX, AMZN |
| Q3 2024 | 26 | $451.0M | BYD, ZETA, VRT, ASO, CPNG |
| Q2 2024 | 21 | $397.8M | ZETA, BYD, AMZN, CALY, TSM |
| Q1 2024 | 21 | $390.5M | BYD, ASO, AMZN, CALY, VRT |