Hyperion Capital Advisors LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hyperion Capital Advisors LP reported 96 stock positions worth $194.7 million. Its top holding was Intercontinental Exchange (ICE) at 10.6% of the portfolio, followed by Alphabet Class C (GOOG, 9.7%) and Elevance Health (ELV, 9.3%). Compared with Q3 2024, it opened 4 new positions, sold out of 36, added to 2 and reduced 19. The biggest buy was a new position in Icon (ICLR) and the biggest sale Intercontinental Exchange (ICE, shares −21%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001794499
Portfolio Value
$194.7M (Q4 2024)
SEC Filing
0000919574-25-001165 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $212.0M Q1 2024 Q2 2024: $213.1M Q2 2024 Q3 2024: $212.9M Q3 2024 Q4 2024: $194.7M $194.7M Q4 2024 Q1 2025: $183.7M Q1 2025 Q2 2025: $159.5M Q2 2025 Q3 2025: $187.0M Q3 2025 Q4 2025: $204.3M Q4 2025 Q1 2026: $207.7M Q1 2026 Q2 2026: $221.7M Q2 2026

Holdings 96 stocks · $194.7M
ICE Intercontinental Exchange Inc. 10.62% 138,686 $20.7M Reduce -21.3%
GOOG Alphabet Inc. Class C 9.66% 98,784 $18.8M Reduce -16.9%
ELV Elevance Health Inc. 9.29% 48,998 $18.1M Add +26.0%
META Meta Platforms Inc. Class A 7.80% 25,932 $15.2M Reduce -5.6%
UNH Unitedhealth Group Inc. 6.56% 25,230 $12.8M Reduce -1.6%
CACC Credit Acceptance Corp. 6.27% 26,016 $12.2M Reduce -5.4%
SCHW Schwab (charles) Corp. 5.11% 134,294 $9.9M Reduce -6.1%
GOOGL Alphabet Inc. Class A 4.86% 49,992 $9.5M Reduce -6.8%
ICLR Icon PLC 4.73% 43,925 $9.2M New
NFLX Netflix Inc. 3.70% 8,087 $7.2M No change
LBRDK Liberty Broadband-C 2.96% 77,145 $5.8M Reduce -16.7%
BRK.B Berkshire Hathaway Inc. Class B 2.89% 12,402 $5.6M No change
RYAAY Ryanair Holdings PLC-SP ADR 1.60% 71,375 $3.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.58% 25,501 $3.1M Reduce -15.7%
BIP Brookfield Infrastructure Pa 1.57% 96,019 $3.1M No change
ANET Arista Networks Inc. 1.38% 24,228 $2.7M No change
MA Mastercard Inc. Class A 1.14% 4,231 $2.2M Reduce -27.1%
TSM Taiwan Semiconductor-SP ADR 1.11% 10,988 $2.2M Reduce -72.9%
BUR Burford Capital Ltd. 0.88% 135,000 $1.7M No change
HG Hamilton Insurance Grou Class B 0.86% 87,959 $1.7M No change
AAPL Apple Inc. 0.81% 6,293 $1.6M No change
KMX Carmax Inc. 0.69% 16,327 $1.3M No change
BKNG Booking Holdings Inc. 0.61% 239 $1.2M No change
UHAL.B U-Haul Holding Co.-Non Voting 0.51% 15,360 $984K No change
WAT Waters Corp. 0.50% 2,635 $978K No change
THO Thor Industries Inc. 0.50% 10,180 $974K No change
AMZN Amazon.com Inc. 0.42% 3,740 $821K No change
BRO Brown & Brown Inc. 0.39% 7,500 $765K No change
WST West Pharmaceutical Services 0.36% 2,130 $698K Reduce -1.4%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.35% 7,200 $682K No change
BRK.A Berkshire Hathaway Inc. Class A 0.35% 1 $681K No change
FWONK Liberty Media Corp. Class C 0.34% 7,188 $666K Reduce -9.6%
GLD SPDR Gold Shares 0.34% 2,738 $663K Reduce -21.5%
IBKR Interactive Brokers Gro Class A 0.30% 3,313 $585K Reduce -29.7%
HDB HDFC Bank Ltd.-ADR 0.24% 7,420 $474K Add +27.5%
MSFT Microsoft Corp. 0.22% 1,007 $424K No change
AMTM Amentum Holdings Inc. 0.21% 19,563 $411K New
AXP American Express Co. 0.21% 1,380 $410K Reduce -17.9%
EME Emcor Group Inc. 0.21% 900 $409K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 9,081 $399K No change
DE Deere & Co. 0.20% 900 $381K Reduce -18.2%
IDCC Interdigital Inc. 0.19% 1,940 $376K No change
WSM Williams-Sonoma Inc. 0.19% 2,020 $374K No change
LIN Linde PLC 0.19% 863 $361K No change
GM General Motors Co. 0.18% 6,560 $349K No change
ALSN Allison Transmission Holding 0.18% 3,220 $348K No change
DKS Dick's Sporting Goods Inc. 0.17% 1,480 $339K No change
EXPE Expedia Group Inc. 0.17% 1,780 $332K No change
DECK Deckers Outdoor Corp. 0.17% 1,620 $329K No change
TPR Tapestry Inc. 0.17% 4,950 $323K No change
LOW Lowe's Cos Inc. 0.16% 1,300 $321K Reduce -37.5%
AVT Avnet Inc. 0.16% 6,000 $314K No change
EPD Enterprise Products Partners 0.16% 10,000 $314K No change
FLEX Flex Ltd. 0.16% 7,922 $304K No change
LEN Lennar Corp. Class A 0.15% 2,203 $300K No change
HCA HCA Healthcare Inc. 0.15% 1,000 $300K No change
ING ING Groep N.V.-Sponsored ADR 0.15% 19,068 $299K No change
EOG EOG Resources Inc. 0.15% 2,400 $294K No change
GIL Gildan Activewear Inc. 0.15% 6,240 $294K No change
CONSOL ENERGY INC 0.15% 2,740 $292K No change
MUSA Murphy USA Inc. 0.15% 580 $291K No change
EQH Equitable Holdings Inc. 0.15% 6,061 $286K No change
LOPE Grand Canyon Education Inc. 0.14% 1,710 $280K No change
OC Owens Corning 0.14% 1,630 $278K No change
FTDR Frontdoor Inc. 0.14% 5,030 $275K No change
DBX Dropbox Inc. Class A 0.14% 9,070 $272K No change
COF Capital One Financial Corp. 0.14% 1,501 $268K No change
LPX Louisiana-Pacific Corp. 0.14% 2,580 $267K No change
SBAC SBA Communications Corp. 0.14% 1,303 $266K No change
CPA Copa Holdings SA Class A 0.14% 3,000 $264K No change
CAT Caterpillar Inc. 0.13% 720 $261K No change
ORLY O'reilly Automotive Inc. 0.13% 220 $261K No change
HPQ HP Inc. 0.13% 7,990 $261K No change
RL Ralph Lauren Corp. 0.13% 1,120 $259K No change
NBN Northeast Bank 0.13% 2,800 $257K No change
PRKS United Parks & Resorts Inc. 0.13% 4,510 $253K No change
MATX Matson Inc. 0.13% 1,840 $248K No change
USB US Bancorp 0.12% 5,000 $239K No change
IHG Intercontinental Hotels-ADR 0.12% 1,830 $229K No change
ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV 0.12% 168,416 $224K No change
CNQ Canadian Natural Resources 0.11% 7,180 $222K No change
APOG Apogee Enterprises Inc. 0.11% 3,100 $221K No change
AER Aercap Holdings NV 0.11% 2,300 $220K No change
FERG Ferguson Enterprises Inc. 0.11% 1,250 $217K No change
IMO Imperial Oil Ltd. 0.11% 3,470 $214K No change
CVE Cenovus Energy Inc. 0.11% 14,100 $214K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 352 $206K No change
GOLF Acushnet Holdings Corp. 0.11% 2,900 $206K New
FAST Fastenal Co. 0.11% 2,860 $206K No change
STLA Stellantis NV 0.11% 15,727 $205K No change
UNP Union Pacific Corp. 0.11% 900 $205K No change
MTCH Match Group Inc. 0.10% 6,220 $203K Reduce -14.8%
SSNC Ss&c Technologies Holdings 0.10% 2,672 $202K New
AMBP Ardagh Metal Packaging SA 0.07% 45,000 $135K No change
BLND Blend Labs Inc. Class A 0.06% 29,848 $126K No change
XP XP Inc. Class A 0.06% 10,000 $119K No change

Portfolio Sells Q3 2024 → Q4 2024
ICE Intercontinental Exchange Inc. Reduce -21.3% 10.62% −2.68
TSM Taiwan Semiconductor-SP ADR Reduce -72.9% 1.11% −2.19
UNH Unitedhealth Group Inc. Reduce -1.6% 6.56% −0.48
LBRDK Liberty Broadband-C Reduce -16.7% 2.96% −0.40
GS Goldman Sachs Group Inc. Sold out 0.00% −0.28
MA Mastercard Inc. Class A Reduce -27.1% 1.14% −0.20
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.17
BBY Best Buy Co. Inc. Sold out 0.00% −0.17
PHM Pultegroup Inc. Sold out 0.00% −0.16
J Jacobs Solutions Inc. Sold out 0.00% −0.14
STLD Steel Dynamics Inc. Sold out 0.00% −0.14
NVR NVR Inc. Sold out 0.00% −0.14
MAS Masco Corp. Sold out 0.00% −0.14
ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.13
CHKP Check Point Software Tech Sold out 0.00% −0.13
PAG Penske Automotive Group Inc. Sold out 0.00% −0.13
COLM Columbia Sportswear Co. Sold out 0.00% −0.13
MRO Marathon Oil Corp. Sold out 0.00% −0.13
SHOO Steven Madden Ltd. Sold out 0.00% −0.13
CRC California Resources Corp. Sold out 0.00% −0.12
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.12
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.12
NTAP Netapp Inc. Sold out 0.00% −0.12
ARW Arrow Electronics Inc. Sold out 0.00% −0.12
VLO Valero Energy Corp. Sold out 0.00% −0.12
AZO AutoZone Inc. Sold out 0.00% −0.12
VRSN Verisign Inc. Sold out 0.00% −0.12
HOG Harley-Davidson Inc. Sold out 0.00% −0.12
HRB H&R Block Inc. Sold out 0.00% −0.11
CAH Cardinal Health Inc. Sold out 0.00% −0.11
SDRL Seadrill Limited Sold out 0.00% −0.11
BLDR Builders Firstsource Inc. Sold out 0.00% −0.11
LMT Lockheed Martin Corp. Sold out 0.00% −0.11
DVA Davita Inc. Sold out 0.00% −0.11
CRI Carter's Inc. Sold out 0.00% −0.10
MPC Marathon Petroleum Corp. Sold out 0.00% −0.10
APA Apa Corp. Sold out 0.00% −0.10
DXC DXC Technology Co. Sold out 0.00% −0.10
LOW Lowe's Cos Inc. Reduce -37.5% 0.16% −0.10
OLN Olin Corp. Sold out 0.00% −0.10
DDS Dillards Inc. Class A Sold out 0.00% −0.10
KSS Kohls Corp. Sold out 0.00% −0.10
TJX TJX Companies Inc. Reduce -15.7% 1.58% −0.09
GLD SPDR Gold Shares Reduce -21.5% 0.34% −0.06
MTCH Match Group Inc. Reduce -14.8% 0.10% −0.03
DE Deere & Co. Reduce -18.2% 0.20% −0.02
IBKR Interactive Brokers Gro Class A Reduce -29.7% 0.30% −0.01
AXP American Express Co. Reduce -17.9% 0.21% −0.00
FWONK Liberty Media Corp. Class C Reduce -9.6% 0.34% +0.05
WST West Pharmaceutical Services Reduce -1.4% 0.36% +0.05

Portfolio Buys Q3 2024 → Q4 2024
ICLR Icon PLC New 4.73% +4.73
AMTM Amentum Holdings Inc. New 0.21% +0.21
GOLF Acushnet Holdings Corp. New 0.11% +0.11
SSNC Ss&c Technologies Holdings New 0.10% +0.10
HDB HDFC Bank Ltd.-ADR Add +27.5% 0.24% +0.07
ELV Elevance Health Inc. Add +26.0% 9.29% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 67$221.7MICLR, FWONK, ELV, SUNB, GOOGL
Q1 2026 68$207.7MGOOGL, ICLR, GOOG, ELV, GMED
Q4 2025 67$204.3MGOOG, ELV, GOOGL, AMTM, VERX
Q3 2025 62$187.0MGOOG, GOOGL, ELV, VERX, ICE
Q2 2025 62$159.5MGOOG, ICE, ELV, GOOGL, META
Q1 2025 65$183.7MICE, GOOG, META, CACC, UNH
Q4 2024 96$194.7MICE, GOOG, ELV, META, UNH
Q3 2024 128$212.9MICE, ELV, GOOG, META, UNH
Q2 2024 103$213.1MICE, GOOG, ELV, META, CACC
Q1 2024 110$212.0MICE, ELV, GOOG, CACC, META