GCM Grosvenor Holdings, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), GCM Grosvenor Holdings, LLC reported 22 stock positions worth $657.9 million. Its top holding was Karman (KRMN) at 36.4% of the portfolio, followed by Maplebear (CART, 23.1%) and Shenandoah Telecommunication (SHEN, 8.4%). Compared with Q2 2025, it opened 3 new positions, added to 1 and reduced 15. The biggest buy was a new position in Karman (KRMN) and the biggest sale Maplebear (CART, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001939480
- Portfolio Value
- $657.9M (Q3 2025)
- SEC Filing
- 0000921895-25-003075 ↗ filed Nov 14, 2025
Holdings Value
Holdings 22 stocks · $657.9M
| KRMN Karman Holdings Inc. | 36.43% | 3,319,366 | $239.7M | New |
| CART Maplebear Inc. | 23.14% | 4,140,924 | $152.2M | Reduce -54.0% |
| SHEN Shenandoah Telecommunication | 8.37% | 4,105,126 | $55.1M | No change |
| AMZN Amazon.com Inc. | 6.01% | 180,002 | $39.5M | Reduce -25.7% |
| CLH Clean Harbors Inc. | 2.67% | 75,700 | $17.6M | New |
| VIK Viking Holdings Ltd. | 2.11% | 222,901 | $13.9M | Reduce -25.7% |
| SCHW Schwab (charles) Corp. | 2.08% | 143,256 | $13.7M | Reduce -25.7% |
| LINE Lineage Inc. | 1.77% | 302,079 | $11.7M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.72% | 40,515 | $11.3M | New |
| PTC PTC Inc. | 1.68% | 54,437 | $11.1M | Reduce -25.7% |
| ABG Asbury Automotive Group | 1.62% | 43,669 | $10.7M | Reduce -25.7% |
| CNM Core & Main Inc. Class A | 1.61% | 196,187 | $10.6M | Add +47.6% |
| TRU Transunion | 1.57% | 123,088 | $10.3M | Reduce -25.7% |
| HDB HDFC Bank Ltd.-ADR | 1.46% | 280,518 | $9.6M | Reduce -25.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.38% | 567,590 | $9.1M | Reduce -25.7% |
| NTRA Natera Inc. | 1.25% | 51,061 | $8.2M | Reduce -25.7% |
| ELV Elevance Health Inc. | 1.17% | 23,894 | $7.7M | Reduce -25.7% |
| GPN Global Payments Inc. | 1.13% | 89,231 | $7.4M | Reduce -25.7% |
| XPO Xpo Inc. | 1.10% | 55,876 | $7.2M | Reduce -25.7% |
| AER Aercap Holdings NV | 1.02% | 55,212 | $6.7M | Reduce -25.7% |
| BRSL Brightstar Lottery PLC | 0.70% | 267,249 | $4.6M | Reduce -43.5% |
| SONDQ Sonder Holdings Inc. | 0.02% | 102,299 | $130K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| CART Maplebear Inc. | Reduce -54.0% | 23.14% | −35.29 |
| AMZN Amazon.com Inc. | Reduce -25.7% | 6.01% | −1.62 |
| ELV Elevance Health Inc. | Reduce -25.7% | 1.17% | −0.62 |
| HDB HDFC Bank Ltd.-ADR | Reduce -25.7% | 1.46% | −0.62 |
| TRU Transunion | Reduce -25.7% | 1.57% | −0.52 |
| SCHW Schwab (charles) Corp. | Reduce -25.7% | 2.08% | −0.44 |
| NTRA Natera Inc. | Reduce -25.7% | 1.25% | −0.42 |
| ABG Asbury Automotive Group | Reduce -25.7% | 1.62% | −0.39 |
| BRSL Brightstar Lottery PLC | Reduce -43.5% | 0.70% | −0.37 |
| XPO Xpo Inc. | Reduce -25.7% | 1.10% | −0.26 |
| GPN Global Payments Inc. | Reduce -25.7% | 1.13% | −0.25 |
| AER Aercap Holdings NV | Reduce -25.7% | 1.02% | −0.23 |
| VIK Viking Holdings Ltd. | Reduce -25.7% | 2.11% | −0.19 |
| PTC PTC Inc. | Reduce -25.7% | 1.68% | −0.13 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -25.7% | 1.38% | −0.12 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $2.3B | SPCX, CEG, CART, KRMN, SHEN |
| Q1 2026 | 22 | $901.2M | KRMN, CEG, CART, SHEN, AMZN |
| Q4 2025 | 22 | $704.8M | KRMN, CART, SHEN, AMZN, FSSL |
| Q3 2025 | 22 | $657.9M | KRMN, CART, SHEN, AMZN, CLH |
| Q2 2025 | 19 | $697.3M | CART, SHEN, AMZN, SCHW, VIK |
| Q1 2025 | 19 | $646.1M | CART, SHEN, AMZN, AER, SCHW |
| Q4 2024 | 18 | $699.0M | CART, AMZN, SHEN, TMUS, CRH |
| Q3 2024 | 23 | $657.9M | CART, SHEN, AMZN, TMUS, LNG |
| Q2 2024 | 21 | $682.9M | CART, SHEN, AMZN, LNG, PM |
| Q1 2024 | 20 | $655.7M | CART, AMZN, TMUS, LNG, CRH |