Kensico Capital Management Corp.

Name: KENSICO CAPITAL MANAGEMENT CORP 13F holdings, Q2 2025
Creator: KENSICO CAPITAL MANAGEMENT CORP
Published: 2025-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Kensico Capital Management Corp. reported 20 stock positions worth $5.2 billion. Its top holding was AppLovin Class A (APP) at 20.4% of the portfolio, followed by Howmet Aerospace (HWM, 18.8%) and Fair Isaac (FICO, 8.8%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 4 and reduced 9. The biggest buy was AppLovin Class A (APP, shares +5%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F: Q2 2026
Location: GREENWICH, CT
CIK: 0001113000
Portfolio Value: $5.2B (Q2 2025)
SEC Filing: 0000950123-25-008306 ↗ filed Aug 14, 2025

Holdings Value

Holdings 20 stocks · $5.2B


APP AppLovin Corp. Class A	20.35%	3,023,500	$1.1B	Add +5.0%
HWM Howmet Aerospace Inc.	18.84%	5,264,500	$979.9M	Reduce -1.4%
FICO Fair Isaac Corp.	8.76%	249,180	$455.5M	Add +4.0%
GOOGL Alphabet Inc. Class A	6.04%	1,783,500	$314.3M	Add +93.2%
V Visa Inc. Class A	5.78%	845,900	$300.3M	Reduce -1.7%
FISV Fiserv Inc.	5.13%	1,545,846	$266.5M	Add +11.3%
SE Sea Ltd.-ADR	4.95%	1,608,800	$257.3M	Reduce -3.7%
AMZN Amazon.com Inc.	4.13%	978,100	$214.6M	Reduce -17.6%
EFX Equifax Inc.	3.59%	719,900	$186.7M	Reduce -3.7%
META Meta Platforms Inc. Class A	3.43%	241,700	$178.4M	No change
MSFT Microsoft Corp.	3.41%	356,000	$177.1M	Reduce -1.6%
LNG Cheniere Energy Inc.	3.28%	699,700	$170.4M	No change
ICE Intercontinental Exchange Inc.	2.87%	814,300	$149.4M	No change
PGR Progressive Corp.	2.02%	393,800	$105.1M	No change
CSGP Costar Group Inc.	1.98%	1,282,400	$103.1M	Reduce -3.7%
HLT Hilton Worldwide Holdings Inc.	1.75%	342,000	$91.1M	New
CRM Salesforce Inc.	1.24%	235,600	$64.2M	No change
ISRG Intuitive Surgical Inc.	0.99%	94,740	$51.5M	Reduce -3.7%
RBA RB Global Inc.	0.85%	414,300	$44.0M	New
TW Tradeweb Markets Inc. Class A	0.62%	220,100	$32.2M	Reduce -3.7%

Other holdings (1): bonds, preferreds, convertibles and warrants · $159K (not counted above)

Security	Class	Shares / Principal	Value	Change
NPWR.WS Rice Acquisition Corp. II-CW	*W EXP 06/08/202	482,400	$159K	Reduce -3.7%

Total filed on the 13F, all lines: $5.2B.

Portfolio Sells Q1 2025 → Q2 2025


UNH Unitedhealth Group Inc.	Sold out	0.00%	−2.32
V Visa Inc. Class A	Reduce -1.7%	5.78%	−1.02
CDNS Cadence Design SYS Inc.	Sold out	0.00%	−0.97
AMZN Amazon.com Inc.	Reduce -17.6%	4.13%	−0.96
KKR KKR & Co. Inc.	Sold out	0.00%	−0.91
THC Tenet Healthcare Corp.	Sold out	0.00%	−0.70
EFX Equifax Inc.	Reduce -3.7%	3.59%	−0.51
CSGP Costar Group Inc.	Reduce -3.7%	1.98%	−0.39
TW Tradeweb Markets Inc. Class A	Reduce -3.7%	0.62%	−0.14
ISRG Intuitive Surgical Inc.	Reduce -3.7%	0.99%	−0.11
NPWR Net Power Inc.	Sold out	0.00%	−0.10
SE Sea Ltd.-ADR	Reduce -3.7%	4.95%	+0.04
MSFT Microsoft Corp.	Reduce -1.6%	3.41%	+0.35
HWM Howmet Aerospace Inc.	Reduce -1.4%	18.84%	+3.23

Portfolio Buys Q1 2025 → Q2 2025


APP AppLovin Corp. Class A	Add +5.0%	20.35%	+3.16
GOOGL Alphabet Inc. Class A	Add +93.2%	6.04%	+2.83
HLT Hilton Worldwide Holdings Inc.	New	1.75%	+1.75
RBA RB Global Inc.	New	0.85%	+0.85
FICO Fair Isaac Corp.	Add +4.0%	8.76%	−1.20
FISV Fiserv Inc.	Add +11.3%	5.13%	−1.79

Notes & Other Activity Q1 2025 → Q2 2025


NPWR.WS Rice Acquisition Corp. II-CW	*W EXP 06/08/202	Reduce -3.7%	482,400	$159K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	24	$5.8B	APP, HWM, GOOGL, FICO, V
Q1 2026	19	$4.9B	APP, HWM, GOOGL, FICO, V
Q4 2025	21	$5.9B	APP, HWM, FICO, GOOGL, V
Q3 2025	22	$6.5B	APP, HWM, FICO, GOOGL, V
Q2 2025	20	$5.2B	APP, HWM, FICO, GOOGL, V
Q1 2025	23	$4.4B	APP, HWM, FICO, FISV, V
Q4 2024	22	$4.4B	APP, HWM, FICO, FISV, V
Q3 2024	25	$3.8B	HWM, FICO, APP, V, FISV
Q2 2024	23	$3.2B	HWM, FICO, MSFT, V, META
Q1 2024	22	$3.0B	HWM, FICO, V, MSFT, CRM