Impactive Capital LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Impactive Capital LP reported 9 stock positions worth $2.1 billion. Its top holding was Wex (WEX) at 16.6% of the portfolio, followed by Asbury Automotive (ABG, 14.7%) and Marriott Vacations World (VAC, 12.9%). Compared with Q2 2025, it opened 1 new position, sold out of 1 and reduced 3. The biggest buy was a new position in iShares Russell 2000 ETF (IWM) and the biggest sale an exit from Western Digital (WDC).

Most Recent 13F
Q2 2026
Location
NEW YORK CITY, NY
CIK
0001786767
Portfolio Value
$2.1B (Q3 2025)
SEC Filing
0001786767-25-000008 ↗ filed Nov 14, 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 Q1 2025 Q2 2025: $2.2B Q2 2025 Q3 2025: $2.1B $2.1B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 9 stocks · $2.1B
WEX Wex Inc. 16.62% 2,195,253 $345.8M Reduce -8.3%
ABG Asbury Automotive Group 14.65% 1,247,027 $304.8M No change
VAC Marriott Vacations World 12.95% 4,045,984 $269.3M No change
WMS Advanced Drainage Systems Inc. 11.10% 1,663,999 $230.8M No change
ETSY Etsy Inc. 10.35% 3,242,874 $215.3M Reduce -8.7%
CNXC Concentrix Corp. 9.71% 4,375,125 $201.9M No change
SLM SLM Corp. 9.61% 7,225,040 $200.0M Reduce -10.0%
CLVT Clarivate PLC 7.92% 43,025,259 $164.8M No change
IWM iShares Russell 2000 ETF 7.09% 609,241 $147.4M New

Portfolio Sells Q2 2025 → Q3 2025
WDC Western Digital Corp. Sold out 0.00% −10.30
SLM SLM Corp. Reduce -10.0% 9.61% −2.25
WEX Wex Inc. Reduce -8.3% 16.62% +0.77
ETSY Etsy Inc. Reduce -8.7% 10.35% +2.32

Portfolio Buys Q2 2025 → Q3 2025
IWM iShares Russell 2000 ETF New 7.09% +7.09

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