Carlyle Group Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Carlyle Group Inc. reported 20 stock positions worth $5.0 billion. Its top holding was Standardaero (SARO) at 96.0% of the portfolio, followed by Soleno Therapeutics (SLNO, 1.4%) and Phathom Pharmaceuticals (PHAT, 0.7%). Compared with Q1 2025, it opened 1 new position, sold out of 4, added to 1 and reduced 2. The biggest buy was Standardaero (SARO, shares +14%) and the biggest sale an exit from Weride Inc.-ADR (WRD).

Most Recent 13F
Q2 2026
Location
WASHINGTON, DC
CIK
0001527166
Portfolio Value
$5.0B (Q2 2025)
SEC Filing
0000898432-25-000575 ↗ filed Aug 8, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $954.2M Q3 2024 Q4 2024: $4.1B Q4 2024 Q1 2025: $3.8B Q1 2025 Q2 2025: $5.0B $5.0B Q2 2025 Q3 2025: $4.3B Q3 2025 Q4 2025: $13.6B Q4 2025 Q1 2026: $10.6B Q1 2026 Q2 2026: $10.0B Q2 2026

Holdings 20 stocks · $5.0B
SARO Standardaero Inc. 96.03% 152,673,891 $4.8B Add +13.6%
SLNO Soleno Therapeutics Inc. 1.43% 860,980 $72.1M No change
PHAT Phathom Pharmaceuticals Inc. 0.67% 3,496,808 $33.5M No change
PONY Pony AI Inc. 0.62% 2,362,447 $31.2M No change
INVH Invitation Homes Inc. 0.31% 477,500 $15.7M No change
GETY Getty Images Holdings Inc. 0.21% 6,234,252 $10.3M No change
CUBE Cubesmart 0.19% 220,500 $9.4M No change
JSPR Jasper Therapeutics Inc. 0.12% 1,066,189 $5.9M No change
EM Smart Share Global Ltd. - ADR 0.09% 3,807,399 $4.3M Reduce -12.7%
HLVX Hillevax Inc. 0.07% 1,838,486 $3.6M No change
FWRD Forward Air Corp. 0.06% 107,214 $3.0M No change
SPWR Sunpower Inc. filed as COMPLETE SOLARIA INC 0.06% 1,587,467 $2.9M Reduce -20.0%
XCUR Exicure Inc. 0.04% 281,636 $1.9M No change
ACET Adicet Bio Inc. 0.04% 2,948,718 $1.8M No change
QTTB Q32 Bio Inc. 0.03% 1,102,741 $1.6M No change
DNUT Krispy Kreme Inc. 0.02% 340,748 $992K No change
NABL N-Able Inc. 0.02% 93,732 $759K No change
OKUR Onkure Therapeutics Inc. Class A 0.01% 269,895 $642K No change
HOOD Robinhood Markets Inc. Class A 0.00% 2,497 $234K New
NCNA Nucana PLC 0.00% 133,333 $8K No change

Portfolio Sells Q1 2025 → Q2 2025
WRD Weride Inc.-ADR Sold out 0.00% −1.22
SMHI Seacor Marine Holdings Inc. Sold out 0.00% −0.18
EM Smart Share Global Ltd. - ADR Reduce -12.7% 0.09% −0.04
SPWR Sunpower Inc. Reduce -20.0% 0.06% −0.02
SPRB Spruce Biosciences Inc. Sold out 0.00% −0.02
CART Maplebear Inc. Sold out 0.00% −0.01

Portfolio Buys Q1 2025 → Q2 2025
SARO Standardaero Inc. Add +13.6% 96.03% +1.93
HOOD Robinhood Markets Inc. Class A New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 19$10.0BMDLN, SARO, PHAT, INVH, PONY
Q1 2026 20$10.6BMDLN, SARO, PHAT, PONY, INVH
Q4 2025 20$13.6BMDLN, SARO, PHAT, PONY, INVH
Q3 2025 17$4.3BSARO, PONY, PHAT, SPRB, INVH
Q2 2025 20$5.0BSARO, SLNO, PHAT, PONY, INVH
Q1 2025 23$3.8BSARO, SLNO, WRD, PHAT, PONY
Q4 2024 27$4.1BSARO, SLNO, WRD, PONY, PHAT
Q3 2024 26$954.2MQDEL, SLNO, GTM, PHAT, QTTB
Q2 2024 31$1.1BQDEL, GTM, SLNO, GDS, PHAT
Q1 2024 32$1.6BQDEL, GTM, SLNO, VTRU, VRNA