In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Chescapmanager LLC reported 19 stock positions worth $606.1 million . Its top holding was Vertiv Class A (VRT) at 11.3% of the portfolio, followed by Alphabet Class A (GOOGL, 9.8% ) and Microsoft (MSFT, 8.8% ). Compared with Q3 2025, it opened 1 new position, added to 4 and reduced 9. The biggest buy was a new position in Gpgi (GPGI) and the biggest sale BWX Technologies (BWXT, shares −51% ).
Location BALTIMORE, MD
CIK 0001697162
Portfolio Value $606.1M (Q4 2025) Holdings 19 stocks · $606.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 VRT Vertiv Holdings Co. Class A 422,000 $68.4M Reduce -3.9% GOOGL Alphabet Inc. Class A 190,500 $59.6M Reduce -9.5% MSFT Microsoft Corp. 110,892 $53.6M Reduce -8.3% NVDA Nvidia Corp. 262,585 $49.0M Reduce -23.4% USFD US Foods Holding Corp. 558,457 $42.1M Reduce -3.5% CCJ Cameco Corp. 443,656 $40.6M No change MIR Mirion Technologies Inc. 1,659,137 $38.9M No change C Citigroup Inc. 311,076 $36.3M Reduce -3.1% KBR KBR Inc. 794,079 $31.9M Add +5.7% DIS The Walt Disney Co. filed as DISNEY WALT CO 279,997 $31.9M Add +13.1% AMZN Amazon.com Inc. 119,500 $27.6M No change FTI Technipfmc PLC 589,458 $26.3M Reduce -1.7% CRON Cronos Group Inc. 7,942,737 $20.9M Reduce -0.0% BWXT BWX Technologies Inc. 117,796 $20.4M Reduce -51.5% FUN Six Flags Entertainment Corp. 1,121,254 $17.2M Add +42.1% WSC Willscot Holdings Corp. 896,259 $16.9M No change OWL Blue Owl Capital Inc. 962,969 $14.4M Add +50.6% GPGI Gpgi Inc. filed as COMPOSECURE INC 465,310 $9.0M New CGTX Cognition Therapeutics Inc. 997,029 $1.3M No change
Options reported separately and not counted above: AMZN calls ($207.7M), NVDA calls ($139.9M), MSFT calls ($96.7M), GOOGL calls ($93.9M), VRT calls ($52.7M), FUN calls ($4.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $29K (not counted above) Security Class Shares / Principal Value Change GRABW Grab Holdings Ltd.-CW 26 *W EXP 99/99/999 100,000 $29K No change
Total filed on the 13F, all lines: $606.1M.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ BWXT BWX Technologies Inc. Reduce -51.5% 3.36% −3.79 NVDA Nvidia Corp. Reduce -23.4% 8.08% −2.13 MSFT Microsoft Corp. Reduce -8.3% 8.85% −1.15 USFD US Foods Holding Corp. Reduce -3.5% 6.94% −0.14 CRON Cronos Group Inc. Reduce -0.0% 3.45% −0.08 FTI Technipfmc PLC Reduce -1.7% 4.33% +0.56 VRT Vertiv Holdings Co. Class A Reduce -3.9% 11.28% +0.70 C Citigroup Inc. Reduce -3.1% 5.99% +0.79 GOOGL Alphabet Inc. Class A Reduce -9.5% 9.84% +1.67
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ GPGI Gpgi Inc. New 1.48% +1.48 DIS The Walt Disney Co. Add +13.1% 5.26% +0.73 OWL Blue Owl Capital Inc. Add +50.6% 2.37% +0.65 FUN Six Flags Entertainment Corp. Add +42.1% 2.84% −0.02 KBR KBR Inc. Add +5.7% 5.27% −0.41
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ AMZN Amazon.com Inc. call Add +50.0% 900,000 $207.7M MSFT Microsoft Corp. call New 200,000 $96.7M VRT Vertiv Holdings Co. Class A call Reduce -35.0% 325,000 $52.7M FUN Six Flags Entertainment Corp. call New 258,900 $4.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 21 $770.0M VRT, MSFT, GOOGL, USFD, CCJ Q1 2026 20 $626.1M VRT, GOOGL, USFD, CCJ, MSFT Q4 2025 19 $606.1M VRT, GOOGL, MSFT, NVDA, USFD Q3 2025 18 $626.3M VRT, NVDA, MSFT, GOOGL, BWXT Q2 2025 19 $596.1M NVDA, VRT, MSFT, GOOGL, USFD Q1 2025 21 $480.3M NVDA, MSFT, GOOGL, USFD, VRT Q4 2024 23 $549.5M VRT, MSFT, USFD, GOOGL, KBR Q3 2024 26 $595.4M VRT, NVDA, MSFT, USFD, GOOGL Q2 2024 27 $633.1M NVDA, VRT, MSFT, USFD, GOOGL Q1 2024 29 $587.9M NVDA, VRT, MSFT, WSC, USFD