Cat Rock Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cat Rock Capital Management LP reported 16 stock positions worth $810.4 million. Its top holding was Meta Platforms Class A (META) at 24.5% of the portfolio, followed by Microsoft (MSFT, 14.4%) and PDD (PDD, 7.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 4 and reduced 8. The biggest buy was a new position in Tko (TKO) and the biggest sale Meta Platforms Class A (META, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001654648
- Portfolio Value
- $810.4M (Q3 2025)
- SEC Filing
- 0001214659-25-016662 ↗ filed Nov 14, 2025
Holdings Value
Holdings 16 stocks · $810.4M
| META Meta Platforms Inc. Class A | 24.48% | 270,112 | $198.4M | Reduce -12.1% |
| MSFT Microsoft Corp. | 14.41% | 225,423 | $116.8M | Reduce -9.3% |
| PDD PDD Holdings Inc. | 7.26% | 445,228 | $58.8M | Reduce -1.8% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 6.50% | 645,001 | $52.7M | Reduce -22.1% |
| FA First Advantage Corp. | 5.83% | 3,068,369 | $47.2M | Add +29.7% |
| TSM Taiwan Semiconductor-SP ADR | 5.68% | 164,676 | $46.0M | Reduce -37.4% |
| TKO Tko Group Holdings Inc. | 5.65% | 226,600 | $45.8M | New |
| INTU Intuit Inc. | 4.57% | 54,180 | $37.0M | New |
| SEMR Semrush Holdings Inc. Class A | 4.14% | 4,739,654 | $33.6M | Reduce -3.7% |
| LRN Stride Inc. | 3.74% | 203,614 | $30.3M | Add +22.8% |
| TDG Transdigm Group Inc. | 3.69% | 22,679 | $29.9M | Add +111.2% |
| DCBO Docebo Inc. | 3.69% | 1,094,869 | $29.9M | No change |
| MSCI MSCI Inc. | 3.52% | 50,341 | $28.6M | Add +5.7% |
| OWL Blue Owl Capital Inc. | 2.53% | 1,212,746 | $20.5M | Reduce -15.2% |
| GOOG Alphabet Inc. Class C | 2.27% | 75,390 | $18.4M | Reduce -11.4% |
| DOCU Docusign Inc. | 2.05% | 231,000 | $16.7M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -12.1% | 24.48% | −4.08 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −2.80 |
| KSPI JSC Kaspi.kz ADR | Reduce -22.1% | 6.50% | −2.36 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -37.4% | 5.68% | −1.82 |
| SEMR Semrush Holdings Inc. Class A | Reduce -3.7% | 4.14% | −1.47 |
| MSFT Microsoft Corp. | Reduce -9.3% | 14.41% | −1.16 |
| OWL Blue Owl Capital Inc. | Reduce -15.2% | 2.53% | −0.93 |
| GOOG Alphabet Inc. Class C | Reduce -11.4% | 2.27% | +0.36 |
| PDD PDD Holdings Inc. | Reduce -1.8% | 7.26% | +1.29 |
Portfolio Buys Q2 2025 → Q3 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 |