Hudson Way Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Hudson Way Capital Management LLC reported 16 stock positions worth $1.2 billion. Its top holding was KKR (KKR) at 15.5% of the portfolio, followed by Churchill Downs (CHDN, 9.4%) and Ss&c Technologies (SSNC, 9.1%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 7 and reduced 7. The biggest buy was a new position in Gildan Activewear (GIL) and the biggest sale LKQ (LKQ, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001697597
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001697597-25-000003 ↗ filed Nov 14, 2025
Holdings Value
Holdings 16 stocks · $1.2B
| KKR KKR & Co. Inc. | 15.46% | 1,402,895 | $182.3M | Add +19.3% |
| CHDN Churchill Downs Inc. | 9.38% | 1,140,312 | $110.6M | Add +14.3% |
| SSNC Ss&c Technologies Holdings | 9.13% | 1,212,308 | $107.6M | Add +25.6% |
| SGI Somnigroup International Inc. | 8.15% | 1,140,008 | $96.1M | Reduce -29.1% |
| TDG Transdigm Group Inc. | 7.69% | 68,793 | $90.7M | Add +8.3% |
| V Visa Inc. Class A | 6.99% | 241,519 | $82.4M | Reduce -2.5% |
| HLT Hilton Worldwide Holdings Inc. | 6.88% | 312,478 | $81.1M | Reduce -14.5% |
| SPGI S&P Global Inc. | 5.17% | 125,200 | $60.9M | Add +20.2% |
| GWRE Guidewire Software Inc. | 4.93% | 252,986 | $58.2M | Add +7.3% |
| GIL Gildan Activewear Inc. | 4.88% | 995,325 | $57.5M | New |
| APPF Appfolio Inc. Class A | 4.53% | 193,596 | $53.4M | New |
| TYL Tyler Technologies Inc. | 4.49% | 101,252 | $53.0M | Reduce -12.6% |
| LKQ LKQ Corp. | 3.76% | 1,449,969 | $44.3M | Reduce -23.0% |
| IBKR Interactive Brokers Gro Class A | 3.31% | 567,819 | $39.1M | Reduce -17.0% |
| AXON Axon Enterprise Inc. | 2.91% | 47,790 | $34.3M | Add +44.4% |
| SPOT Spotify Technology SA | 2.35% | 39,665 | $27.7M | Reduce -4.8% |
Portfolio Sells Q2 2025 → Q3 2025
| LKQ LKQ Corp. | Reduce -23.0% | 3.76% | −2.54 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -14.5% | 6.88% | −1.92 |
| SGI Somnigroup International Inc. | Reduce -29.1% | 8.15% | −1.74 |
| TYL Tyler Technologies Inc. | Reduce -12.6% | 4.49% | −1.72 |
| KBR KBR Inc. | Sold out | 0.00% | −1.63 |
| PGR Progressive Corp. | Sold out | 0.00% | −1.24 |
| V Visa Inc. Class A | Reduce -2.5% | 6.99% | −0.96 |
| SPOT Spotify Technology SA | Reduce -4.8% | 2.35% | −0.54 |
| IBKR Interactive Brokers Gro Class A | Reduce -17.0% | 3.31% | −0.11 |
Portfolio Buys Q2 2025 → Q3 2025
| GIL Gildan Activewear Inc. | New | 4.88% | +4.88 |
| APPF Appfolio Inc. Class A | New | 4.53% | +4.53 |
| SSNC Ss&c Technologies Holdings | Add +25.6% | 9.13% | +1.90 |
| KKR KKR & Co. Inc. | Add +19.3% | 15.46% | +1.32 |
| AXON Axon Enterprise Inc. | Add +44.4% | 2.91% | +0.43 |
| CHDN Churchill Downs Inc. | Add +14.3% | 9.38% | +0.27 |
| SPGI S&P Global Inc. | Add +20.2% | 5.17% | +0.20 |
| GWRE Guidewire Software Inc. | Add +7.3% | 4.93% | −0.09 |
| TDG Transdigm Group Inc. | Add +8.3% | 7.69% | −1.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $1.1B | KKR, V, SGI, SPGI, WWD |
| Q1 2026 | 16 | $1.0B | KKR, V, SGI, HLT, CHDN |
| Q4 2025 | 17 | $1.3B | KKR, CHDN, SSNC, SGI, TDG |
| Q3 2025 | 16 | $1.2B | KKR, CHDN, SSNC, SGI, TDG |
| Q2 2025 | 16 | $1.1B | KKR, SGI, CHDN, HLT, TDG |
| Q1 2025 | 16 | $1.0B | KKR, CHDN, TDG, SSNC, SGI |
| Q4 2024 | 15 | $885.0M | KKR, CHDN, SSNC, TDG, HLT |
| Q3 2024 | 15 | $796.7M | KKR, CHDN, TDG, SSNC, IBKR |
| Q2 2024 | 14 | $724.3M | KKR, CHDN, TDG, IBKR, SGI |
| Q1 2024 | 14 | $547.8M | KKR, CHDN, TDG, SGI, IBKR |