GCM Grosvenor Holdings, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), GCM Grosvenor Holdings, LLC reported 22 stock positions worth $704.8 million. Its top holding was Karman (KRMN) at 34.5% of the portfolio, followed by Maplebear (CART, 26.4%) and Shenandoah Telecommunication (SHEN, 6.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 3 and reduced 15. The biggest buy was a new position in FS Specialty Lending Fund (FSSL) and the biggest sale an exit from PTC (PTC).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001939480
- Portfolio Value
- $704.8M (Q4 2025)
- SEC Filing
- 0000921895-26-000433 ↗ filed Feb 17, 2026
Holdings Value
Holdings 22 stocks · $704.8M
| KRMN Karman Holdings Inc. | 34.46% | 3,319,366 | $242.9M | No change |
| CART Maplebear Inc. | 26.43% | 4,140,924 | $186.3M | No change |
| SHEN Shenandoah Telecommunication | 6.73% | 4,105,126 | $47.5M | No change |
| AMZN Amazon.com Inc. | 5.73% | 175,088 | $40.4M | Reduce -2.7% |
| FSSL FS Specialty Lending Fund | 2.74% | 1,365,394 | $19.3M | New |
| CLH Clean Harbors Inc. | 2.45% | 73,633 | $17.3M | Reduce -2.7% |
| VIK Viking Holdings Ltd. | 2.20% | 216,816 | $15.5M | Reduce -2.7% |
| SCHW Schwab (charles) Corp. | 1.98% | 139,345 | $13.9M | Reduce -2.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.70% | 39,409 | $12.0M | Reduce -2.7% |
| NTRA Natera Inc. | 1.61% | 49,667 | $11.4M | Reduce -2.7% |
| LINE Lineage Inc. | 1.50% | 302,079 | $10.6M | No change |
| TRU Transunion | 1.46% | 119,728 | $10.3M | Reduce -2.7% |
| HDB HDFC Bank Ltd.-ADR | 1.41% | 272,860 | $10.0M | Reduce -2.7% |
| CNM Core & Main Inc. Class A | 1.41% | 190,831 | $9.9M | Reduce -2.7% |
| ABG Asbury Automotive Group | 1.40% | 42,477 | $9.9M | Reduce -2.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.31% | 552,095 | $9.2M | Reduce -2.7% |
| ELV Elevance Health Inc. | 1.16% | 23,242 | $8.1M | Reduce -2.7% |
| AER Aercap Holdings NV | 1.10% | 53,705 | $7.7M | Reduce -2.7% |
| XPO Xpo Inc. | 1.05% | 54,351 | $7.4M | Reduce -2.7% |
| OTF Blue Owl Technology Finance | 0.89% | 430,000 | $6.3M | New |
| LPX Louisiana-Pacific Corp. | 0.72% | 62,964 | $5.1M | New |
| BRSL Brightstar Lottery PLC | 0.57% | 259,953 | $4.0M | Reduce -2.7% |
Portfolio Sells Q3 2025 → Q4 2025
| PTC PTC Inc. | Sold out | 0.00% | −1.68 |
| GPN Global Payments Inc. | Sold out | 0.00% | −1.13 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 5.73% | −0.27 |
| CLH Clean Harbors Inc. | Reduce -2.7% | 2.45% | −0.22 |
| ABG Asbury Automotive Group | Reduce -2.7% | 1.40% | −0.22 |
| CNM Core & Main Inc. Class A | Reduce -2.7% | 1.41% | −0.20 |
| BRSL Brightstar Lottery PLC | Reduce -2.7% | 0.57% | −0.13 |
| TRU Transunion | Reduce -2.7% | 1.46% | −0.11 |
| SCHW Schwab (charles) Corp. | Reduce -2.7% | 1.98% | −0.10 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -2.7% | 1.31% | −0.07 |
| XPO Xpo Inc. | Reduce -2.7% | 1.05% | −0.05 |
| HDB HDFC Bank Ltd.-ADR | Reduce -2.7% | 1.41% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.7% | 1.70% | −0.02 |
| SONDQ Sonder Holdings Inc. | Sold out | 0.00% | −0.02 |
| ELV Elevance Health Inc. | Reduce -2.7% | 1.16% | −0.02 |
| AER Aercap Holdings NV | Reduce -2.7% | 1.10% | +0.08 |
| VIK Viking Holdings Ltd. | Reduce -2.7% | 2.20% | +0.09 |
| NTRA Natera Inc. | Reduce -2.7% | 1.61% | +0.36 |
Portfolio Buys Q3 2025 → Q4 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 |