Hawk Ridge Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Hawk Ridge Capital Management LP reported 44 stock positions worth $2.1 billion. Its top holding was Fidelity National Info Serv (FIS) at 5.8% of the portfolio, followed by Martin Marietta Materials (MLM, 5.4%) and Corpay (CPAY, 5.1%). Compared with Q2 2025, it opened 10 new positions, sold out of 19, added to 7 and reduced 21. The biggest buy was a new position in Corpay (CPAY) and the biggest sale an exit from GE Healthcare Technology (GEHC).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001609074
- Portfolio Value
- $2.1B (Q3 2025)
- SEC Filing
- 0001892688-25-000198 ↗ filed Nov 14, 2025
Holdings Value
Holdings 44 stocks · $2.1B
| FIS Fidelity National Info Serv | 5.75% | 1,830,180 | $120.7M | Add +70.6% |
| MLM Martin Marietta Materials | 5.44% | 180,975 | $114.1M | Reduce -5.5% |
| CPAY Corpay Inc. | 5.07% | 369,300 | $106.4M | New |
| FN Fabrinet | 4.80% | 276,395 | $100.8M | Reduce -7.3% |
| ENTG Entegris Inc. | 4.59% | 1,041,424 | $96.3M | No change |
| PRKS United Parks & Resorts Inc. | 4.55% | 1,844,668 | $95.4M | Reduce -6.4% |
| BATRK Atlanta Braves Holdings in-C | 4.53% | 2,284,122 | $95.0M | No change |
| WWD Woodward Inc. | 4.52% | 375,348 | $94.9M | Reduce -25.2% |
| ALLE Allegion PLC | 4.43% | 523,807 | $92.9M | Reduce -37.6% |
| GMED Globus Medical Inc. Class A | 4.28% | 1,569,235 | $89.9M | Reduce -26.1% |
| BL Blackline Inc. | 4.17% | 1,646,805 | $87.4M | Reduce -3.5% |
| WEX Wex Inc. | 3.35% | 446,171 | $70.3M | Add +10.6% |
| ACHC Acadia Healthcare Co. Inc. | 3.31% | 2,805,463 | $69.5M | No change |
| OPLN Openlane Inc. | 3.29% | 2,401,085 | $69.1M | Reduce -28.9% |
| FWONK Liberty Media Corp. Class C | 3.01% | 605,500 | $63.2M | New |
| STX Seagate Technology Holdings | 2.65% | 235,800 | $55.7M | Reduce -42.2% |
| MGRC McGrath Rentcorp | 2.63% | 470,342 | $55.2M | Reduce -5.2% |
| NSP Insperity Inc. | 2.15% | 915,236 | $45.0M | Add +15.6% |
| KMX Carmax Inc. | 2.08% | 973,980 | $43.7M | New |
| VVV Valvoline Inc. | 1.94% | 1,131,435 | $40.6M | Add +53.1% |
| TKO Tko Group Holdings Inc. | 1.91% | 198,003 | $40.0M | Reduce -9.2% |
| CRS Carpenter Technology | 1.70% | 145,452 | $35.7M | Reduce -56.3% |
| SIMO Silicon Motion Technol-ADR | 1.68% | 372,747 | $35.3M | Add +71.8% |
| FUN Six Flags Entertainment Corp. | 1.67% | 1,539,650 | $35.0M | No change |
| MRP Millrose Properties | 1.67% | 1,040,409 | $35.0M | Reduce -38.0% |
| XPO Xpo Inc. | 1.66% | 269,388 | $34.8M | Add +0.2% |
| HSIC Henry Schein Inc. | 1.52% | 479,900 | $31.9M | Reduce -29.1% |
| ALGN Align Technology Inc. | 1.37% | 230,231 | $28.8M | Reduce -49.7% |
| DOO BRP Inc./Ca- Sub Voting | 1.17% | 403,699 | $24.5M | New |
| HWM Howmet Aerospace Inc. | 1.10% | 118,043 | $23.2M | Reduce -61.9% |
| ATI Ati Inc. | 1.06% | 274,600 | $22.3M | Add +43.5% |
| AAOI Applied Optoelectronics Inc. | 1.02% | 824,997 | $21.4M | New |
| WDC Western Digital Corp. | 0.91% | 159,700 | $19.2M | New |
| MYRG MYR Group Inc./Delaware | 0.90% | 90,436 | $18.8M | Reduce -39.9% |
| RPD RAPID7 Inc. | 0.75% | 835,618 | $15.7M | Reduce -48.9% |
| FWONA Liberty Media Corp. Class A | 0.71% | 157,035 | $15.0M | New |
| ACVA Acv Auctions Inc. Class A | 0.69% | 1,463,400 | $14.5M | New |
| MLI Mueller Industries Inc. | 0.69% | 143,100 | $14.5M | New |
| APPN Appian Corp. Class A | 0.38% | 262,300 | $8.0M | No change |
| CR Crane Co. | 0.32% | 36,800 | $6.8M | Reduce -31.7% |
| LZ Legalzoomcom Inc. | 0.24% | 494,829 | $5.1M | Reduce -80.8% |
| LBRT Liberty Energy Inc. | 0.17% | 291,675 | $3.6M | New |
| BATRA Atlanta Braves Holdings in-A | 0.09% | 43,331 | $2.0M | No change |
| RHI Robert Half Inc. | 0.04% | 27,425 | $932K | Reduce -92.6% |
Portfolio Sells Q2 2025 → Q3 2025
| GEHC GE Healthcare Technology | Sold out | 0.00% | −3.88 |
| ALGN Align Technology Inc. | Reduce -49.7% | 1.37% | −2.24 |
| CRS Carpenter Technology | Reduce -56.3% | 1.70% | −2.14 |
| PODD Insulet Corp. | Sold out | 0.00% | −2.12 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −1.40 |
| HWM Howmet Aerospace Inc. | Reduce -61.9% | 1.10% | −1.30 |
| MOS The Mosaic Co. | Sold out | 0.00% | −1.07 |
| MASI Masimo Corp. | Sold out | 0.00% | −1.04 |
| GMED Globus Medical Inc. Class A | Reduce -26.1% | 4.28% | −0.94 |
| RPD RAPID7 Inc. | Reduce -48.9% | 0.75% | −0.83 |
| LZ Legalzoomcom Inc. | Reduce -80.8% | 0.24% | −0.71 |
| FORM Formfactor Inc. | Sold out | 0.00% | −0.67 |
| ATMU Atmus Filtration Technologie | Sold out | 0.00% | −0.66 |
| DOCS Doximity Inc. Class A | Sold out | 0.00% | −0.64 |
| ALLE Allegion PLC | Reduce -37.6% | 4.43% | −0.62 |
| WWD Woodward Inc. | Reduce -25.2% | 4.52% | −0.61 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.60 |
| RHI Robert Half Inc. | Reduce -92.6% | 0.04% | −0.59 |
| HSIC Henry Schein Inc. | Reduce -29.1% | 1.52% | −0.54 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.49 |
| AXTA Axalta Coating Systems Ltd. | Sold out | 0.00% | −0.44 |
| SONO Sonos Inc. | Sold out | 0.00% | −0.43 |
| SARO Standardaero Inc. | Sold out | 0.00% | −0.37 |
| TWST Twist Bioscience Corp. | Sold out | 0.00% | −0.36 |
| NCNO Ncino Inc. | Sold out | 0.00% | −0.34 |
| MRP Millrose Properties | Reduce -38.0% | 1.67% | −0.33 |
| MYRG MYR Group Inc./Delaware | Reduce -39.9% | 0.90% | −0.24 |
| OPLN Openlane Inc. | Reduce -28.9% | 3.29% | −0.15 |
| VOYG Voyager Technologies Inc. Class A | Sold out | 0.00% | −0.15 |
| TDS Telephone and Data Systems | Sold out | 0.00% | −0.14 |
| GH Guardant Health Inc. | Sold out | 0.00% | −0.14 |
| CR Crane Co. | Reduce -31.7% | 0.32% | −0.10 |
| OUT Outfront Media Inc. | Sold out | 0.00% | −0.04 |
| BL Blackline Inc. | Reduce -3.5% | 4.17% | +0.14 |
| STX Seagate Technology Holdings | Reduce -42.2% | 2.65% | +0.20 |
| MGRC McGrath Rentcorp | Reduce -5.2% | 2.63% | +0.23 |
| TKO Tko Group Holdings Inc. | Reduce -9.2% | 1.91% | +0.25 |
| PRKS United Parks & Resorts Inc. | Reduce -6.4% | 4.55% | +0.67 |
| MLM Martin Marietta Materials | Reduce -5.5% | 5.44% | +1.05 |
| FN Fabrinet | Reduce -7.3% | 4.80% | +1.14 |
Portfolio Buys Q2 2025 → Q3 2025
| CPAY Corpay Inc. | New | 5.07% | +5.07 |
| FWONK Liberty Media Corp. Class C | New | 3.01% | +3.01 |
| FIS Fidelity National Info Serv | Add +70.6% | 5.75% | +2.11 |
| KMX Carmax Inc. | New | 2.08% | +2.08 |
| DOO BRP Inc./Ca- Sub Voting | New | 1.17% | +1.17 |
| AAOI Applied Optoelectronics Inc. | New | 1.02% | +1.02 |
| SIMO Silicon Motion Technol-ADR | Add +71.8% | 1.68% | +1.00 |
| WDC Western Digital Corp. | New | 0.91% | +0.91 |
| WEX Wex Inc. | Add +10.6% | 3.35% | +0.88 |
| VVV Valvoline Inc. | Add +53.1% | 1.94% | +0.77 |
| FWONA Liberty Media Corp. Class A | New | 0.71% | +0.71 |
| ACVA Acv Auctions Inc. Class A | New | 0.69% | +0.69 |
| MLI Mueller Industries Inc. | New | 0.69% | +0.69 |
| ATI Ati Inc. | Add +43.5% | 1.06% | +0.38 |
| XPO Xpo Inc. | Add +0.2% | 1.66% | +0.24 |
| LBRT Liberty Energy Inc. | New | 0.17% | +0.17 |
| NSP Insperity Inc. | Add +15.6% | 2.15% | +0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $3.1B | SIMO, RBA, OPLN, VRSN, CPAY |
| Q1 2026 | 47 | $2.7B | VRSN, FWONK, CPAY, OPLN, SIMO |
| Q4 2025 | 36 | $2.2B | VRSN, CPAY, FWONK, FIS, WWD |
| Q3 2025 | 44 | $2.1B | FIS, MLM, CPAY, FN, ENTG |
| Q2 2025 | 53 | $2.4B | GMED, WWD, ALLE, BATRK, MLM |
| Q1 2025 | 42 | $2.1B | GMED, ALLE, TKO, WWD, FMX |
| Q4 2024 | 43 | $2.1B | GMED, CTSH, ALLE, RPD, SMAR |
| Q3 2024 | 47 | $2.3B | GMED, CTSH, RPD, SMAR, TKO |
| Q2 2024 | 53 | $2.3B | GMED, CTSH, RPD, FMX, ALLE |
| Q1 2024 | 41 | $2.2B | GMED, FMX, BLKB, ALLE, SIMO |