Columbus Hill Capital Management, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Columbus Hill Capital Management, L.P. reported 23 stock positions worth $457.4 million. Its top holding was Amazon.com (AMZN) at 9.5% of the portfolio, followed by Royal Caribbean Cruises (RCL, 8.8%) and Meta Platforms Class A (META, 8.6%). Compared with Q4 2024, it opened 6 new positions, sold out of 5, added to 7 and reduced 2. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale an exit from P G & E (PCG).

Most Recent 13F
Q2 2026
Location
Short Hills, NJ
CIK
0001384982
Portfolio Value
$457.4M (Q1 2025)
SEC Filing
0000950123-25-005059 ↗ filed May 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $432.3M Q1 2024 Q2 2024: $463.7M Q2 2024 Q3 2024: $458.1M Q3 2024 Q4 2024: $503.2M Q4 2024 Q1 2025: $457.4M $457.4M Q1 2025 Q2 2025: $676.5M Q2 2025 Q3 2025: $720.1M Q3 2025 Q4 2025: $669.6M Q4 2025 Q1 2026: $576.5M Q1 2026 Q2 2026: $898.8M Q2 2026

Holdings 23 stocks · $457.4M
AMZN Amazon.com Inc. 9.46% 227,511 $43.3M No change
RCL Royal Caribbean Cruises Ltd. 8.81% 196,195 $40.3M No change
META Meta Platforms Inc. Class A 8.58% 68,076 $39.2M Reduce -22.5%
NCLH Norwegian Cruise Line Holdin 8.41% 2,028,919 $38.5M Add +44.5%
MSFT Microsoft Corp. 7.54% 91,938 $34.5M Add +44.9%
HUM Humana Inc. 7.34% 126,811 $33.6M Add +12.6%
NVDA Nvidia Corp. 6.98% 294,701 $31.9M New
MAR Marriott International Class A 6.43% 123,575 $29.4M No change
FYBR Frontier Communications Pare 6.26% 798,466 $28.6M Add +4.5%
GOOGL Alphabet Inc. Class A 5.22% 154,415 $23.9M Reduce -4.3%
MA Mastercard Inc. Class A 4.55% 37,939 $20.8M No change
LTM Latam Airlines Group SA-ADR 3.26% 476,839 $14.9M Add +4.4%
VST Vistra Corp. 3.02% 117,500 $13.8M Add +5.9%
URI United Rentals Inc. 2.87% 20,954 $13.1M No change
UNH Unitedhealth Group Inc. 2.85% 24,870 $13.0M Add +55.0%
V Visa Inc. Class A 2.49% 32,508 $11.4M No change
NXPI NXP Semiconductors NV 1.90% 45,800 $8.7M New
TSM Taiwan Semiconductor-SP ADR 1.04% 28,600 $4.7M New
MCHP Microchip Technology Inc. 0.76% 72,100 $3.5M New
NOW ServiceNow Inc. 0.70% 4,000 $3.2M No change
CRM Salesforce Inc. 0.59% 10,000 $2.7M No change
DKNG Draftkings Inc. Class A 0.58% 80,000 $2.7M New
FLUT Flutter Entertainment PLC-Di 0.36% 7,444 $1.6M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $16.8M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 15,081,946$16.8MNo change

Total filed on the 13F, all lines: $474.2M.

Portfolio Sells Q4 2024 → Q1 2025
PCG P G & E Corp. Sold out 0.00% −7.02
NBIS Nebius Group NV Sold out 0.00% −6.62
META Meta Platforms Inc. Class A Reduce -22.5% 8.58% −1.64
MRVL Marvell Technology Inc. Sold out 0.00% −1.57
SNAP Snap Inc. Class A Sold out 0.00% −0.91
GOOGL Alphabet Inc. Class A Reduce -4.3% 5.22% −0.85
CYH Community Health Systems Inc. Sold out 0.00% −0.77

Portfolio Buys Q4 2024 → Q1 2025
NVDA Nvidia Corp. New 6.98% +6.98
MSFT Microsoft Corp. Add +44.9% 7.54% +2.23
NXPI NXP Semiconductors NV New 1.90% +1.90
HUM Humana Inc. Add +12.6% 7.34% +1.66
UNH Unitedhealth Group Inc. Add +55.0% 2.85% +1.23
NCLH Norwegian Cruise Line Holdin Add +44.5% 8.41% +1.23
TSM Taiwan Semiconductor-SP ADR New 1.04% +1.04
FYBR Frontier Communications Pare Add +4.5% 6.26% +0.99
MCHP Microchip Technology Inc. New 0.76% +0.76
LTM Latam Airlines Group SA-ADR Add +4.4% 3.26% +0.76
DKNG Draftkings Inc. Class A New 0.58% +0.58
FLUT Flutter Entertainment PLC-Di New 0.36% +0.36
VST Vistra Corp. Add +5.9% 3.02% −0.02

Options Activity Q4 2024 → Q1 2025
QQQ Invesco QQQ Trust Series 1 put Sold out 8,300 $4.2Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 29$898.8MAMD, CPNG, NCLH, AMZN, MAR
Q1 2026 20$576.5MCPNG, AMZN, NCLH, META, MAR
Q4 2025 24$669.6MAMZN, META, NCLH, MSFT, RCL
Q3 2025 26$720.1MAMZN, NCLH, META, RCL, MSFT
Q2 2025 25$676.5MAMZN, RCL, META, NCLH, DKNG
Q1 2025 23$457.4MAMZN, RCL, META, NCLH, MSFT
Q4 2024 22$503.2MMETA, AMZN, RCL, NCLH, PCG
Q3 2024Amended 24$458.1MAMZN, RCL, MAR, META, PCG
Q2 2024 30$463.7MAMZN, RCL, HUM, MAR, META
Q1 2024 22$432.3MHUM, AMZN, THC, GOOGL, RCL