Lansing Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Lansing Management LP reported 13 stock positions worth $150.5 million. Its top holding was Api (APG) at 13.9% of the portfolio, followed by Heico Class A (HEI.A, 13.6%) and Interactive Brokers Gro Class A (IBKR, 12.8%). Compared with Q3 2025, it opened 5 new positions, sold out of 1, added to 3 and reduced 4. The biggest buy was a new position in Boyd Group Services (BGSI) and the biggest sale Ferrari (RACE, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001691908
- Portfolio Value
- $150.5M (Q4 2025)
- SEC Filing
- 0001420506-26-000478 ↗ filed Feb 17, 2026
Holdings Value
Holdings 13 stocks · $150.5M
| APG Api Group Corp. | 13.91% | 547,470 | $20.9M | Reduce -6.6% |
| HEI.A Heico Corp. Class A | 13.55% | 80,805 | $20.4M | No change |
| IBKR Interactive Brokers Gro Class A | 12.79% | 299,485 | $19.3M | Reduce -11.4% |
| TRU Transunion | 12.53% | 219,993 | $18.9M | Add +6.4% |
| RACE Ferrari NV | 10.85% | 44,199 | $16.3M | Reduce -20.8% |
| MCO Moody's Corp. | 9.16% | 26,983 | $13.8M | Add +16.0% |
| BGSI Boyd Group Services Inc. | 8.55% | 80,760 | $12.9M | New |
| HLT Hilton Worldwide Holdings Inc. | 6.04% | 31,670 | $9.1M | New |
| ROP Roper Technologies Inc. | 4.45% | 15,040 | $6.7M | Reduce -49.7% |
| COMP Compass Inc. Class A | 3.56% | 507,000 | $5.4M | Add +144.2% |
| WCN Waste Connections Inc. | 1.77% | 15,150 | $2.7M | New |
| CLH Clean Harbors Inc. | 1.68% | 10,760 | $2.5M | New |
| ODFL Old Dominion Freight Line | 1.16% | 11,134 | $1.7M | New |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| BGSI Boyd Group Services Inc. | New | 8.55% | +8.55 |
| HLT Hilton Worldwide Holdings Inc. | New | 6.04% | +6.04 |
| COMP Compass Inc. Class A | Add +144.2% | 3.56% | +2.35 |
| WCN Waste Connections Inc. | New | 1.77% | +1.77 |
| CLH Clean Harbors Inc. | New | 1.68% | +1.68 |
| ODFL Old Dominion Freight Line | New | 1.16% | +1.16 |
| MCO Moody's Corp. | Add +16.0% | 9.16% | +1.11 |
| TRU Transunion | Add +6.4% | 12.53% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $165.2M | IBKR, HEI.A, APG, RACE, SUNB |
| Q1 2026 | 14 | $150.6M | IBKR, APG, HEI.A, TRU, RACE |
| Q4 2025 | 13 | $150.5M | APG, HEI.A, IBKR, TRU, RACE |
| Q3 2025 | 9 | $137.8M | RACE, IBKR, HEI.A, APG, TRU |
| Q2 2025 | 8 | $145.9M | RACE, APG, IBKR, HEI.A, TRU |
| Q1 2025 | 8 | $119.1M | RACE, HEI.A, ROP, IBKR, APG |
| Q4 2024 | 7 | $113.5M | RACE, IBKR, APG, TRU, HEI.A |
| Q3 2024 | 7 | $139.7M | RACE, IBKR, ROP, TRU, APG |
| Q2 2024 | 5 | $101.0M | RACE, ROP, APG, IBKR, TRU |
| Q1 2024 | 6 | $102.9M | RACE, ROP, TRU, KMX, APG |