Impactive Capital LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Impactive Capital LP reported 10 stock positions worth $2.2 billion. Its top holding was Wex (WEX) at 17.3% of the portfolio, followed by SLM (SLM, 14.8%) and Asbury Automotive (ABG, 14.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 4 and reduced 2. The biggest buy was a new position in Siteone Landscape Supply (SITE) and the biggest sale Asbury Automotive (ABG, shares −21%).

Most Recent 13F
Q2 2026
Location
NEW YORK CITY, NY
CIK
0001786767
Portfolio Value
$2.2B (Q1 2025)
SEC Filing
0001786767-25-000003 ↗ filed May 15, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.6B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.7B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.2B $2.2B Q1 2025 Q2 2025: $2.2B Q2 2025 Q3 2025: $2.1B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 10 stocks · $2.2B
WEX Wex Inc. 17.31% 2,409,572 $378.4M Add +13.8%
SLM SLM Corp. 14.84% 11,044,423 $324.4M Reduce -28.3%
ABG Asbury Automotive Group 14.11% 1,396,649 $308.4M Reduce -20.5%
CNXC Concentrix Corp. 11.14% 4,375,125 $243.4M No change
ETSY Etsy Inc. 10.76% 4,982,663 $235.1M Add +13.4%
VAC Marriott Vacations World 9.00% 3,061,847 $196.7M Add +14.1%
CRL Charles River Laboratories 8.34% 1,211,538 $182.4M Add +0.8%
CLVT Clarivate PLC 7.74% 43,025,259 $169.1M No change
SITE Siteone Landscape Supply Inc. 5.52% 993,578 $120.7M New
WDC Western Digital Corp. 1.23% 664,705 $26.9M New

Portfolio Sells Q4 2024 → Q1 2025
ABG Asbury Automotive Group Reduce -20.5% 14.11% −3.41
SIRI Sirius XM Holdings Inc. Sold out 0.00% −3.26
SLM SLM Corp. Reduce -28.3% 14.84% −2.59
UHAL.B U-Haul Holding Co.-Non Voting Sold out 0.00% −1.28

Portfolio Buys Q4 2024 → Q1 2025
SITE Siteone Landscape Supply Inc. New 5.52% +5.52
WEX Wex Inc. Add +13.8% 17.31% +2.09
WDC Western Digital Corp. New 1.23% +1.23
ETSY Etsy Inc. Add +13.4% 10.76% +1.22
CRL Charles River Laboratories Add +0.8% 8.34% −0.76
VAC Marriott Vacations World Add +14.1% 9.00% −0.89

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$1.4BVAC, WEX, ABG, SLM, GTLB
Q1 2026 10$1.4BVAC, WEX, ABG, SLM, WMS
Q4 2025 8$1.6BWEX, ABG, VAC, WMS, SLM
Q3 2025 9$2.1BWEX, ABG, VAC, WMS, ETSY
Q2 2025 9$2.2BWEX, ABG, VAC, SLM, CNXC
Q1 2025 10$2.2BWEX, SLM, ABG, CNXC, ETSY
Q4 2024 10$2.4BABG, SLM, WEX, VAC, ETSY
Q3 2024 10$2.7BABG, WEX, SLM, CLVT, ENV
Q2 2024 10$2.6BABG, SLM, WEX, ENV, CNXC
Q1 2024 9$2.6BWEX, ABG, SLM, CLVT, CNXC