Columbus Hill Capital Management, L.P.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Columbus Hill Capital Management, L.P. reported 24 stock positions worth $669.6 million. Its top holding was Amazon.com (AMZN) at 12.9% of the portfolio, followed by Meta Platforms Class A (META, 9.9%) and Norwegian Cruise Line Holdin (NCLH, 8.9%). Compared with Q3 2025, it opened 2 new positions, sold out of 4, added to 3 and reduced 18. The biggest buy was a new position in Coupang (CPNG) and the biggest sale an exit from Draftkings Class A (DKNG).

Most Recent 13F
Q2 2026
Location
Short Hills, NJ
CIK
0001384982
Portfolio Value
$669.6M (Q4 2025)
SEC Filing
0001193125-26-049727 ↗ filed Feb 13, 2026

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 Q1 2025 Q2 2025: $676.5M Q2 2025 Q3 2025: $720.1M Q3 2025 Q4 2025: $669.6M $669.6M Q4 2025 Q1 2026: $576.5M Q1 2026 Q2 2026: $898.8M Q2 2026

Holdings 24 stocks · $669.6M
AMZN Amazon.com Inc. 12.92% 374,749 $86.5M Add +0.2%
META Meta Platforms Inc. Class A 9.87% 100,105 $66.1M Add +32.8%
NCLH Norwegian Cruise Line Holdin 8.87% 2,660,601 $59.4M Reduce -2.2%
MSFT Microsoft Corp. 6.63% 91,788 $44.4M Reduce -1.7%
RCL Royal Caribbean Cruises Ltd. 6.21% 149,125 $41.6M Reduce -2.2%
GOOGL Alphabet Inc. Class A 5.93% 126,876 $39.7M Reduce -35.8%
MAR Marriott International Class A 5.66% 122,210 $37.9M Reduce -1.1%
VST Vistra Corp. 5.38% 223,423 $36.0M Reduce -0.5%
NVDA Nvidia Corp. 4.93% 176,979 $33.0M Add +14.3%
AMD Advanced Micro Devices 4.02% 125,676 $26.9M Reduce -29.5%
HUM Humana Inc. 3.71% 96,936 $24.8M Reduce -43.9%
ECHO Echostar Corp. Class A 3.30% 203,158 $22.1M Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR 3.25% 71,639 $21.8M Reduce -17.3%
MA Mastercard Inc. Class A 3.18% 37,310 $21.3M Reduce -1.7%
CPNG Coupang Inc. 3.02% 857,683 $20.2M New
LTM Latam Airlines Group SA-ADR 2.66% 329,927 $17.8M Reduce -29.3%
URI United Rentals Inc. 2.50% 20,666 $16.7M Reduce -1.4%
FYBR Frontier Communications Pare 2.15% 377,972 $14.4M Reduce -1.4%
V Visa Inc. Class A 1.68% 32,072 $11.2M Reduce -1.3%
SHOP Shopify Inc. Class A 1.11% 46,123 $7.4M Reduce -1.7%
TXN Texas Instruments Inc. 0.96% 37,161 $6.4M Reduce -2.2%
FIGR Figure Technology Solut Class A 0.91% 149,130 $6.1M Reduce -2.2%
FICO Fair Isaac Corp. 0.69% 2,738 $4.6M New
NOW ServiceNow Inc. 0.46% 20,000 $3.1M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $41.2M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 12,315,000$41.2MReduce -20.1%

Total filed on the 13F, all lines: $710.8M.

Portfolio Sells Q3 2025 → Q4 2025
DKNG Draftkings Inc. Class A Sold out 0.00% −3.71
HUM Humana Inc. Reduce -43.9% 3.71% −2.54
UNH Unitedhealth Group Inc. Sold out 0.00% −1.19
GOOGL Alphabet Inc. Class A Reduce -35.8% 5.93% −0.74
VST Vistra Corp. Reduce -0.5% 5.38% −0.73
RCL Royal Caribbean Cruises Ltd. Reduce -2.2% 6.21% −0.64
AAL American Airlines Group Inc. Sold out 0.00% −0.62
NCLH Norwegian Cruise Line Holdin Reduce -2.2% 8.87% −0.44
URI United Rentals Inc. Reduce -1.4% 2.50% −0.28
LTM Latam Airlines Group SA-ADR Reduce -29.3% 2.66% −0.27
TSM Taiwan Semiconductor-SP ADR Reduce -17.3% 3.25% −0.11
MSFT Microsoft Corp. Reduce -1.7% 6.63% −0.09
STUB Stubhub Holdings Inc. Class A Sold out 0.00% −0.01
TXN Texas Instruments Inc. Reduce -2.2% 0.96% −0.01
AMD Advanced Micro Devices Reduce -29.5% 4.02% +0.01
V Visa Inc. Class A Reduce -1.3% 1.68% +0.14
FIGR Figure Technology Solut Class A Reduce -2.2% 0.91% +0.14
SHOP Shopify Inc. Class A Reduce -1.7% 1.11% +0.14
FYBR Frontier Communications Pare Reduce -1.4% 2.15% +0.16
MA Mastercard Inc. Class A Reduce -1.7% 3.18% +0.18
ECHO Echostar Corp. Class A Reduce -0.6% 3.30% +1.13
MAR Marriott International Class A Reduce -1.1% 5.66% +1.19

Portfolio Buys Q3 2025 → Q4 2025
CPNG Coupang Inc. New 3.02% +3.02
META Meta Platforms Inc. Class A Add +32.8% 9.87% +2.18
AMZN Amazon.com Inc. Add +0.2% 12.92% +1.52
NVDA Nvidia Corp. Add +14.3% 4.93% +0.92
FICO Fair Isaac Corp. New 0.69% +0.69

Notes & Other Activity Q3 2025 → Q4 2025
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Reduce -20.1% 12,315,000 $41.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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