Cat Rock Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cat Rock Capital Management LP reported 15 stock positions worth $793.8 million. Its top holding was Meta Platforms Class A (META) at 28.6% of the portfolio, followed by Microsoft (MSFT, 15.6%) and JSC Kaspi.kz ADR (KSPI, 8.9%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 4 and reduced 6. The biggest buy was a new position in MSCI (MSCI) and the biggest sale PDD (PDD, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001654648
- Portfolio Value
- $793.8M (Q2 2025)
- SEC Filing
- 0001214659-25-012243 ↗ filed Aug 14, 2025
Holdings Value
Holdings 15 stocks · $793.8M
| META Meta Platforms Inc. Class A | 28.55% | 307,112 | $226.7M | Reduce -5.7% |
| MSFT Microsoft Corp. | 15.56% | 248,405 | $123.6M | Reduce -11.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 8.86% | 828,511 | $70.3M | Reduce -18.3% |
| TSM Taiwan Semiconductor-SP ADR | 7.50% | 262,876 | $59.5M | Add +18.0% |
| PDD PDD Holdings Inc. | 5.98% | 453,228 | $47.4M | Reduce -32.9% |
| SEMR Semrush Holdings Inc. Class A | 5.61% | 4,923,926 | $44.6M | Reduce -5.1% |
| FA First Advantage Corp. | 4.95% | 2,365,917 | $39.3M | Add +0.4% |
| DCBO Docebo Inc. | 4.00% | 1,094,869 | $31.7M | No change |
| OWL Blue Owl Capital Inc. | 3.46% | 1,430,546 | $27.5M | Add +22.9% |
| MSCI MSCI Inc. | 3.46% | 47,646 | $27.5M | New |
| LRN Stride Inc. | 3.03% | 165,853 | $24.1M | Reduce -23.7% |
| ARES Ares Management Corp. Class A | 2.80% | 128,500 | $22.3M | New |
| DOCU Docusign Inc. | 2.27% | 231,000 | $18.0M | No change |
| TDG Transdigm Group Inc. | 2.06% | 10,736 | $16.3M | Add +90.5% |
| GOOG Alphabet Inc. Class C | 1.90% | 85,090 | $15.1M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| PDD PDD Holdings Inc. | Reduce -32.9% | 5.98% | −4.63 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −4.28 |
| KSPI JSC Kaspi.kz ADR | Reduce -18.3% | 8.86% | −3.63 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −1.79 |
| SEMR Semrush Holdings Inc. Class A | Reduce -5.1% | 5.61% | −0.81 |
| LRN Stride Inc. | Reduce -23.7% | 3.03% | −0.61 |
| MSFT Microsoft Corp. | Reduce -11.3% | 15.56% | +1.61 |
| META Meta Platforms Inc. Class A | Reduce -5.7% | 28.55% | +3.64 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $431.0M | TDG, FA, MSFT, ARES, TKO |
| Q1 2026 | 14 | $643.6M | META, MSFT, ARES, TKO, TDG |
| Q4 2025 | 16 | $697.4M | META, MSFT, TKO, PDD, KSPI |
| Q3 2025 | 16 | $810.4M | META, MSFT, PDD, KSPI, FA |
| Q2 2025 | 15 | $793.8M | META, MSFT, KSPI, TSM, PDD |
| Q1 2025 | 15 | $753.5M | META, MSFT, KSPI, PDD, SEMR |
| Q4 2024 | 14 | $765.0M | META, KSPI, PDD, SEMR, DCBO |
| Q3 2024 | 12 | $882.6M | META, KSPI, SEMR, PDD, DCBO |
| Q2 2024 | 11 | $892.6M | META, KSPI, SEMR, GOOG, PDD |
| Q1 2024 | 12 | $873.2M | META, KSPI, SEMR, DCBO, GOOG |