Impactive Capital LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Impactive Capital LP reported 8 stock positions worth $1.6 billion. Its top holding was Wex (WEX) at 20.8% of the portfolio, followed by Asbury Automotive (ABG, 18.5%) and Marriott Vacations World (VAC, 15.2%). Compared with Q3 2025, it sold out of 1, added to 1 and reduced 4. The biggest buy was Marriott Vacations World (VAC, shares +2%) and the biggest sale an exit from Concentrix (CNXC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK CITY, NY
- CIK
- 0001786767
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0001786767-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 8 stocks · $1.6B
| WEX Wex Inc. | 20.82% | 2,195,253 | $327.0M | No change |
| ABG Asbury Automotive Group | 18.46% | 1,247,027 | $290.0M | No change |
| VAC Marriott Vacations World | 15.17% | 4,129,984 | $238.3M | Add +2.1% |
| WMS Advanced Drainage Systems Inc. | 13.44% | 1,457,746 | $211.1M | Reduce -12.4% |
| SLM SLM Corp. | 12.45% | 7,225,040 | $195.5M | No change |
| ETSY Etsy Inc. | 10.74% | 3,042,874 | $168.7M | Reduce -6.2% |
| CLVT Clarivate PLC | 7.74% | 36,413,920 | $121.6M | Reduce -15.4% |
| IWM iShares Russell 2000 ETF | 1.18% | 75,604 | $18.6M | Reduce -87.6% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| VAC Marriott Vacations World | Add +2.1% | 15.17% | +2.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $1.4B | VAC, WEX, ABG, SLM, GTLB |
| Q1 2026 | 10 | $1.4B | VAC, WEX, ABG, SLM, WMS |
| Q4 2025 | 8 | $1.6B | WEX, ABG, VAC, WMS, SLM |
| Q3 2025 | 9 | $2.1B | WEX, ABG, VAC, WMS, ETSY |
| Q2 2025 | 9 | $2.2B | WEX, ABG, VAC, SLM, CNXC |
| Q1 2025 | 10 | $2.2B | WEX, SLM, ABG, CNXC, ETSY |
| Q4 2024 | 10 | $2.4B | ABG, SLM, WEX, VAC, ETSY |
| Q3 2024 | 10 | $2.7B | ABG, WEX, SLM, CLVT, ENV |
| Q2 2024 | 10 | $2.6B | ABG, SLM, WEX, ENV, CNXC |
| Q1 2024 | 9 | $2.6B | WEX, ABG, SLM, CLVT, CNXC |