Cat Rock Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Cat Rock Capital Management LP reported 16 stock positions worth $697.4 million. Its top holding was Meta Platforms Class A (META) at 20.4% of the portfolio, followed by Microsoft (MSFT, 14.4%) and Tko (TKO, 8.9%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 4 and reduced 6. The biggest buy was Tko (TKO, shares +32%) and the biggest sale an exit from Semrush Class A (SEMR).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001654648
- Portfolio Value
- $697.4M (Q4 2025)
- SEC Filing
- 0001214659-26-002115 ↗ filed Feb 18, 2026
Holdings Value
Holdings 16 stocks · $697.4M
| META Meta Platforms Inc. Class A | 20.40% | 215,512 | $142.3M | Reduce -20.2% |
| MSFT Microsoft Corp. | 14.43% | 208,023 | $100.6M | Reduce -7.7% |
| TKO Tko Group Holdings Inc. | 8.93% | 298,011 | $62.3M | Add +31.5% |
| PDD PDD Holdings Inc. | 7.24% | 445,228 | $50.5M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 7.23% | 645,001 | $50.4M | No change |
| FA First Advantage Corp. | 6.96% | 3,342,818 | $48.6M | Add +8.9% |
| TDG Transdigm Group Inc. | 5.58% | 29,279 | $38.9M | Add +29.1% |
| TSM Taiwan Semiconductor-SP ADR | 5.55% | 127,276 | $38.7M | Reduce -22.7% |
| INTU Intuit Inc. | 3.88% | 40,880 | $27.1M | Reduce -24.6% |
| DCBO Docebo Inc. | 3.49% | 1,094,869 | $24.3M | No change |
| GOOG Alphabet Inc. Class C | 3.39% | 75,390 | $23.7M | No change |
| MSCI MSCI Inc. | 3.37% | 40,941 | $23.5M | Reduce -18.7% |
| ARES Ares Management Corp. Class A | 2.85% | 123,100 | $19.9M | New |
| OWL Blue Owl Capital Inc. | 2.61% | 1,220,586 | $18.2M | Add +0.7% |
| DOCU Docusign Inc. | 2.27% | 231,000 | $15.8M | No change |
| LRN Stride Inc. | 1.82% | 195,663 | $12.7M | Reduce -3.9% |
Portfolio Sells Q3 2025 → Q4 2025
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −4.14 |
| META Meta Platforms Inc. Class A | Reduce -20.2% | 20.40% | −4.08 |
| LRN Stride Inc. | Reduce -3.9% | 1.82% | −1.92 |
| INTU Intuit Inc. | Reduce -24.6% | 3.88% | −0.68 |
| MSCI MSCI Inc. | Reduce -18.7% | 3.37% | −0.16 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.7% | 5.55% | −0.13 |
| MSFT Microsoft Corp. | Reduce -7.7% | 14.43% | +0.02 |
Portfolio Buys Q3 2025 → Q4 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 |