Hudson Way Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Hudson Way Capital Management LLC reported 17 stock positions worth $1.3 billion. Its top holding was KKR (KKR) at 13.0% of the portfolio, followed by Churchill Downs (CHDN, 9.4%) and Ss&c Technologies (SSNC, 8.3%). Compared with Q3 2025, it opened 1 new position, added to 9 and reduced 7. The biggest buy was a new position in Rocket Cos Class A (RKT) and the biggest sale Interactive Brokers Gro Class A (IBKR, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001697597
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001697597-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 17 stocks · $1.3B
| KKR KKR & Co. Inc. | 13.01% | 1,284,168 | $163.7M | Reduce -8.5% |
| CHDN Churchill Downs Inc. | 9.39% | 1,037,822 | $118.1M | Reduce -9.0% |
| SSNC Ss&c Technologies Holdings | 8.33% | 1,199,215 | $104.8M | Reduce -1.1% |
| SGI Somnigroup International Inc. | 7.85% | 1,106,515 | $98.8M | Reduce -2.9% |
| TDG Transdigm Group Inc. | 7.75% | 73,303 | $97.5M | Add +6.6% |
| HLT Hilton Worldwide Holdings Inc. | 7.73% | 338,510 | $97.2M | Add +8.3% |
| V Visa Inc. Class A | 7.62% | 273,431 | $95.9M | Add +13.2% |
| GIL Gildan Activewear Inc. | 6.91% | 1,390,893 | $86.9M | Add +39.7% |
| SPGI S&P Global Inc. | 6.50% | 156,498 | $81.8M | Add +25.0% |
| GWRE Guidewire Software Inc. | 4.98% | 311,912 | $62.7M | Add +23.3% |
| AXON Axon Enterprise Inc. | 4.16% | 92,060 | $52.3M | Add +92.6% |
| APPF Appfolio Inc. Class A | 3.75% | 202,853 | $47.2M | Add +4.8% |
| TYL Tyler Technologies Inc. | 3.56% | 98,678 | $44.8M | Reduce -2.5% |
| RKT Rocket Cos Inc. Class A | 3.07% | 1,991,696 | $38.6M | New |
| SPOT Spotify Technology SA | 2.75% | 59,575 | $34.6M | Add +50.2% |
| LKQ LKQ Corp. | 1.83% | 764,297 | $23.1M | Reduce -47.3% |
| IBKR Interactive Brokers Gro Class A | 0.80% | 156,775 | $10.1M | Reduce -72.4% |
Portfolio Sells Q3 2025 → Q4 2025
| IBKR Interactive Brokers Gro Class A | Reduce -72.4% | 0.80% | −2.51 |
| KKR KKR & Co. Inc. | Reduce -8.5% | 13.01% | −2.45 |
| LKQ LKQ Corp. | Reduce -47.3% | 1.83% | −1.92 |
| TYL Tyler Technologies Inc. | Reduce -2.5% | 3.56% | −0.93 |
| SSNC Ss&c Technologies Holdings | Reduce -1.1% | 8.33% | −0.79 |
| SGI Somnigroup International Inc. | Reduce -2.9% | 7.85% | −0.30 |
| CHDN Churchill Downs Inc. | Reduce -9.0% | 9.39% | +0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| RKT Rocket Cos Inc. Class A | New | 3.07% | +3.07 |
| GIL Gildan Activewear Inc. | Add +39.7% | 6.91% | +2.03 |
| SPGI S&P Global Inc. | Add +25.0% | 6.50% | +1.33 |
| AXON Axon Enterprise Inc. | Add +92.6% | 4.16% | +1.25 |
| HLT Hilton Worldwide Holdings Inc. | Add +8.3% | 7.73% | +0.85 |
| V Visa Inc. Class A | Add +13.2% | 7.62% | +0.63 |
| SPOT Spotify Technology SA | Add +50.2% | 2.75% | +0.40 |
| TDG Transdigm Group Inc. | Add +6.6% | 7.75% | +0.06 |
| GWRE Guidewire Software Inc. | Add +23.3% | 4.98% | +0.05 |
| APPF Appfolio Inc. Class A | Add +4.8% | 3.75% | −0.77 |
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 |