In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Dendur Capital LP reported 14 stock positions worth $961.6 million . Its top holding was Ati (ATI) at 24.3% of the portfolio, followed by Walt Disney (DIS, 12.2% ) and Capital One Financial (COF, 8.6% ). Compared with Q3 2025, it opened 5 new positions, sold out of 5, added to 6 and reduced 2. The biggest buy was a new position in Union Pacific (UNP) and the biggest sale an exit from News Class A (NWSA).
Location NEW YORK, NY
CIK 0001782124
Portfolio Value $961.6M (Q4 2025) Holdings 14 stocks · $961.6M 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 ATI Ati Inc. 2,039,291 $234.0M Reduce -24.2% DIS The Walt Disney Co. filed as DISNEY WALT CO 1,032,000 $117.4M Add +62.5% COF Capital One Financial Corp. 340,000 $82.4M Add +25.9% FLUT Flutter Entertainment PLC-Di 382,000 $82.1M Add +114.6% FUN Six Flags Entertainment Corp. 4,953,500 $76.0M Add +6.2% UNP Union Pacific Corp. 305,000 $70.6M New MSGE Madison Square Garden Entert 1,220,000 $65.7M Add +8.0% LYV Live Nation Entertainment Inc. 416,000 $59.3M Reduce -26.2% CNM Core & Main Inc. Class A 898,000 $46.7M No change VSEC Vse Corp. 252,000 $43.5M New REZI Resideo Technologies Inc. 855,000 $30.0M New HUT Hut 8 Corp. 473,000 $21.7M Add +3.5% FWONK Liberty Media Corp. Class C 172,600 $17.0M New MIDD Middleby Corp. 101,500 $15.1M New
Options reported separately and not counted above: CMCSA calls ($44.8M).
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 ▲ NWSA News Corp. Class A Sold out 0.00% −8.01 MTH Meritage Homes Corp. Sold out 0.00% −7.19 LYV Live Nation Entertainment Inc. Reduce -26.2% 6.16% −4.11 WDC Western Digital Corp. Sold out 0.00% −2.17 RAL Ralliant Corp. Sold out 0.00% −1.90 ATRO Astronics Corp. Sold out 0.00% −1.84 ATI Ati Inc. Reduce -24.2% 24.34% −0.05
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 ▼ UNP Union Pacific Corp. New 7.34% +7.34 VSEC Vse Corp. New 4.53% +4.53 DIS The Walt Disney Co. Add +62.5% 12.21% +4.10 FLUT Flutter Entertainment PLC-Di Add +114.6% 8.54% +3.50 REZI Resideo Technologies Inc. New 3.12% +3.12 COF Capital One Financial Corp. Add +25.9% 8.57% +2.17 FWONK Liberty Media Corp. Class C New 1.77% +1.77 MIDD Middleby Corp. New 1.57% +1.57 MSGE Madison Square Garden Entert Add +8.0% 6.84% +1.14 HUT Hut 8 Corp. Add +3.5% 2.26% +0.49 FUN Six Flags Entertainment Corp. Add +6.2% 7.90% −3.91
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ CMCSA Comcast Corp. Class A call New 1,500,000 $44.8M PSKY Paramount Skydance Class B put Sold out 1,757,500 $33.3Mbefore exit COF Capital One Financial Corp. call Sold out 100,000 $21.3Mbefore exit ORCL Oracle Corp. put Sold out 45,000 $12.7Mbefore exit
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 22 $1.7B DIS, ATI, VSEC, FWONK, FUN Q1 2026 20 $1.3B DIS, ATI, FWONK, VSEC, FUN Q4 2025 14 $961.6M ATI, DIS, COF, FLUT, FUN Q3 2025 14 $897.0M ATI, FUN, LYV, DIS, NWSA Q2 2025 19 $1.1B ATI, FUN, LYV, NWSA, FLUT Q1 2025 19 $819.7M ATI, FUN, LYV, NWSA, WSC Q4 2024 18 $872.7M ATI, FUN, NWSA, WSC, HHH Q3 2024 16 $703.8M FUN, LYV, CZR, FLUT, NWSA Q2 2024 12 $539.3M HUM, LYV, USFD, CZR, NWSA Q1 2024 13 $685.1M BLDR, AER, HUM, USFD, CZR