EQT Fund Management S.a r.l.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), EQT Fund Management S.a r.l. reported 4 stock positions worth $1.9 billion. Its top holding was Waystar (WAY) at 50.6% of the portfolio, followed by Kodiak Gas Services (KGS, 39.2%) and Oculis (OCS, 5.6%).

Most Recent 13F
Q2 2026
Location
LUXEMBOURG, N4
CIK
0001834239
Portfolio Value
$1.9B (Q3 2025)
SEC Filing
0001193125-25-281778 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q3 2025: $1.9B $1.9B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $862.6M Q2 2026

Holdings 4 stocks · $1.9B
WAY Waystar Holding Corp. 50.63% 24,879,437 $943.4M —
KGS Kodiak Gas Services Inc. 39.21% 19,762,573 $730.6M —
OCS Oculis Holding AG 5.57% 5,900,294 $103.7M —
PHVS Pharvaris NV 4.59% 3,424,609 $85.4M —

Portfolio Sells Q3 2025

No earlier filing to compare with.

Portfolio Buys Q3 2025

No earlier filing to compare with.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$862.6MWAY, PHVS, OCS, EVMN, AGMB
Q1 2026 5$1.0BWAY, OCS, EVMN, PHVS, AGMB
Q4 2025 4$1.1BWAY, OCS, PHVS, EVMN
Q3 2025 4$1.9BWAY, KGS, OCS, PHVS