Hyperion Capital Advisors LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hyperion Capital Advisors LP reported 62 stock positions worth $159.5 million. Its top holding was Alphabet Class C (GOOG) at 9.5% of the portfolio, followed by Intercontinental Exchange (ICE, 9.0%) and Elevance Health (ELV, 8.6%). Compared with Q1 2025, it opened 4 new positions, sold out of 7, added to 11 and reduced 13. The biggest buy was Alphabet Class A (GOOGL, shares +45%) and the biggest sale an exit from Lightspeed Commerce (LSPD).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001794499
Portfolio Value
$159.5M (Q2 2025)
SEC Filing
0000919574-25-004631 ↗ filed Aug 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 Q4 2024 Q1 2025: $183.7M Q1 2025 Q2 2025: $159.5M $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 62 stocks · $159.5M
GOOG Alphabet Inc. Class C 9.50% 85,457 $15.2M Reduce -17.2%
ICE Intercontinental Exchange Inc. 9.01% 78,323 $14.4M Reduce -17.4%
ELV Elevance Health Inc. 8.59% 35,214 $13.7M Add +34.3%
GOOGL Alphabet Inc. Class A 8.50% 76,917 $13.6M Add +44.8%
META Meta Platforms Inc. Class A 8.19% 17,699 $13.1M Reduce -31.8%
NFLX Netflix Inc. 6.79% 8,087 $10.8M No change
CACC Credit Acceptance Corp. 6.04% 18,927 $9.6M Reduce -24.5%
SCHW Schwab (charles) Corp. 5.83% 101,936 $9.3M Reduce -13.8%
UNH Unitedhealth Group Inc. 4.96% 25,362 $7.9M Add +3.6%
ICLR Icon PLC 4.42% 48,474 $7.1M Add +10.4%
LBRDK Liberty Broadband-C 4.01% 65,005 $6.4M Reduce -7.3%
VOO Vanguard S&P 500 ETF 2.65% 7,449 $4.2M Reduce -57.7%
RYAAY Ryanair Holdings PLC-SP ADR 2.58% 71,375 $4.1M No change
BIP Brookfield Infrastructure Pa 2.02% 96,019 $3.2M No change
BUR Burford Capital Ltd. 1.35% 151,000 $2.2M Add +11.8%
FWONK Liberty Media Corp. Class C 0.99% 15,161 $1.6M Add +77.0%
AAPL Apple Inc. 0.81% 6,296 $1.3M Add +0.1%
TSM Taiwan Semiconductor-SP ADR 0.77% 5,423 $1.2M Reduce -51.8%
AMTM Amentum Holdings Inc. 0.76% 51,487 $1.2M Add +177.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.75% 9,665 $1.2M Reduce -62.1%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.59% 11,160 $947K Add +21.3%
CPA Copa Holdings SA Class A 0.58% 8,400 $924K No change
THO Thor Industries Inc. 0.57% 10,180 $904K No change
BRK.B Berkshire Hathaway Inc. Class B 0.53% 1,754 $852K Reduce -85.9%
GLD SPDR Gold Shares 0.52% 2,738 $835K No change
BRO Brown & Brown Inc. 0.52% 7,500 $832K No change
UHAL.B U-Haul Holding Co.-Non Voting 0.51% 15,000 $816K No change
BRK.A Berkshire Hathaway Inc. Class A 0.46% 1 $729K No change
AMZN Amazon.com Inc. 0.45% 3,300 $724K No change
ING ING Groep N.V.-Sponsored ADR 0.38% 27,977 $612K Add +46.7%
WAT Waters Corp. 0.36% 1,634 $570K Reduce -33.9%
HDB HDFC Bank Ltd.-ADR 0.36% 7,420 $569K No change
MSFT Microsoft Corp. 0.35% 1,127 $561K Add +11.9%
WST West Pharmaceutical Services 0.29% 2,130 $466K No change
DE Deere & Co. 0.29% 900 $458K No change
AXP American Express Co. 0.28% 1,380 $440K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 9,081 $430K No change
LIN Linde PLC 0.25% 863 $405K No change
ATAIBECKLEY INC filed as ATAI LIFE SCIENCES NV 0.23% 168,416 $369K No change
SGU Star Group LP 0.22% 29,400 $344K New
EQH Equitable Holdings Inc. 0.21% 6,061 $340K No change
DAL Delta Air Lines Inc. 0.21% 6,750 $332K New
AVT Avnet Inc. 0.20% 6,000 $318K No change
EPD Enterprise Products Partners 0.19% 10,000 $310K No change
HCA HCA Healthcare Inc. 0.19% 800 $306K No change
SBAC SBA Communications Corp. 0.19% 1,303 $306K No change
XP XP Inc. Class A 0.19% 15,000 $303K No change
LOW Lowe's Cos Inc. 0.18% 1,300 $288K No change
AER Aercap Holdings NV 0.17% 2,300 $269K No change
FERG Ferguson Enterprises Inc. 0.16% 1,200 $261K Reduce -51.0%
NBN Northeast Bank 0.16% 2,800 $249K No change
LEN Lennar Corp. Class A 0.15% 2,203 $244K No change
FAST Fastenal Co. 0.15% 5,720 $240K No change
TBRG Trubridge Inc. 0.15% 10,000 $234K No change
COF Capital One Financial Corp. 0.14% 1,071 $228K Reduce -28.6%
USB US Bancorp 0.14% 5,000 $226K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 352 $217K New
PRKS United Parks & Resorts Inc. 0.13% 4,500 $212K New
UNP Union Pacific Corp. 0.13% 900 $207K No change
AMBP Ardagh Metal Packaging SA 0.12% 45,000 $193K No change
STLA Stellantis NV 0.09% 15,000 $150K No change
BLND Blend Labs Inc. Class A 0.06% 29,848 $98K No change

Portfolio Sells Q1 2025 → Q2 2025
LSPD Lightspeed Commerce Inc. Sold out 0.00% −3.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -85.9% 0.53% −3.06
VOO Vanguard S&P 500 ETF Reduce -57.7% 2.65% −2.27
MA Mastercard Inc. Class A Sold out 0.00% −1.26
ANET Arista Networks Inc. Sold out 0.00% −1.02
CACC Credit Acceptance Corp. Reduce -24.5% 6.04% −1.00
HG Hamilton Insurance Grou Class B Sold out 0.00% −0.99
TJX TJX Companies Inc. Reduce -62.1% 0.75% −0.94
KMX Carmax Inc. Sold out 0.00% −0.69
BKNG Booking Holdings Inc. Sold out 0.00% −0.39
TSM Taiwan Semiconductor-SP ADR Reduce -51.8% 0.77% −0.25
IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.19
WAT Waters Corp. Reduce -33.9% 0.36% −0.14
FERG Ferguson Enterprises Inc. Reduce -51.0% 0.16% −0.05
COF Capital One Financial Corp. Reduce -28.6% 0.14% −0.00
META Meta Platforms Inc. Class A Reduce -31.8% 8.19% +0.05
ICE Intercontinental Exchange Inc. Reduce -17.4% 9.01% +0.10
GOOG Alphabet Inc. Class C Reduce -17.2% 9.50% +0.73
LBRDK Liberty Broadband-C Reduce -7.3% 4.01% +0.76
SCHW Schwab (charles) Corp. Reduce -13.8% 5.83% +0.79

Portfolio Buys Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Add +44.8% 8.50% +4.03
ELV Elevance Health Inc. Add +34.3% 8.59% +2.38
AMTM Amentum Holdings Inc. Add +177.0% 0.76% +0.58
FWONK Liberty Media Corp. Class C Add +77.0% 0.99% +0.57
BUR Burford Capital Ltd. Add +11.8% 1.35% +0.38
ICLR Icon PLC Add +10.4% 4.42% +0.24
SGU Star Group LP New 0.22% +0.22
DAL Delta Air Lines Inc. New 0.21% +0.21
ING ING Groep N.V.-Sponsored ADR Add +46.7% 0.38% +0.18
MSFT Microsoft Corp. Add +11.9% 0.35% +0.15
SPY SS SPDR S&P 500 ETF Trust-US New 0.14% +0.14
PRKS United Parks & Resorts Inc. New 0.13% +0.13
KSPI JSC Kaspi.kz ADR Add +21.3% 0.59% +0.13
AAPL Apple Inc. Add +0.1% 0.81% +0.05
UNH Unitedhealth Group Inc. Add +3.6% 4.96% −2.02

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