Leeward Investments, LLC - MA

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Leeward Investments, LLC - MA reported 143 stock positions worth $1.9 billion. Its top holding was Encompass Health (EHC) at 2.3% of the portfolio, followed by First Horizon (FHN, 1.9%) and Agree Realty (ADC, 1.9%). Compared with Q4 2024, it opened 6 new positions, sold out of 8, added to 24 and reduced 112. The biggest buy was iShares Russell 2000 Value E (IWN, shares +423%) and the biggest sale an exit from Arcadium Lithium (ALTM).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001923173
Portfolio Value
$1.9B (Q1 2025)
SEC Filing
0001085146-25-002401 ↗ filed Apr 29, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.3B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.2B Q3 2024 Q4 2024: $2.0B Q4 2024 Q1 2025: $1.9B $1.9B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $2.0B Q3 2025 Q4 2025: $2.0B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.2B Q2 2026

Holdings 143 stocks · $1.9B
EHC Encompass Health Corp. 2.33% 432,357 $43.8M Reduce -4.1%
FHN First Horizon Corp. 1.89% 1,831,744 $35.6M Reduce -4.1%
ADC Agree Realty Corp. 1.86% 454,016 $35.0M Reduce -4.1%
PNFP Pinnacle Financial Partners 1.66% 294,625 $31.2M Reduce -4.2%
CLH Clean Harbors Inc. 1.66% 157,954 $31.1M Reduce -8.5%
PBH Prestige Consumer Healthcare 1.64% 359,898 $30.9M Reduce -4.5%
HURN Huron Consulting Group Inc. 1.50% 197,220 $28.3M Reduce -4.5%
LITE Lumentum Holdings Inc. 1.49% 449,890 $28.0M Add +28.6%
WTFC Wintrust Financial Corp. 1.47% 245,260 $27.6M Reduce -4.4%
PR Permian Resources Corp. Class A 1.47% 1,990,938 $27.6M Reduce -4.0%
STWD Starwood Property Trust Inc. 1.39% 1,324,081 $26.2M Add +1.2%
POR Portland General Electric Co. 1.31% 553,239 $24.7M Add +7.8%
COLB Columbia Banking System Inc. 1.28% 965,611 $24.1M Reduce -4.3%
THG Hanover Insurance Group Inc./ 1.26% 136,305 $23.7M Reduce -4.5%
GTES Gates Industrial Corp. UK Ltd. 1.17% 1,192,601 $22.0M Reduce -4.3%
RRX Regal Rexnord Corp. 1.16% 191,278 $21.8M Reduce -3.8%
ONB Old National Bancorp 1.12% 992,181 $21.0M Reduce -4.3%
INGR Ingredion Inc. 1.12% 155,480 $21.0M Reduce -27.7%
NMRK Newmark Group Inc. Class A 1.09% 1,689,745 $20.6M Reduce -4.5%
IWN iShares Russell 2000 Value E 1.09% 136,147 $20.6M Add +423.2%
CHX Championx Corp. 1.07% 674,229 $20.1M Reduce -36.0%
VVV Valvoline Inc. 1.02% 549,878 $19.1M Reduce -4.0%
NPO Enpro Inc. 1.02% 118,108 $19.1M Reduce -4.5%
SXI Standex International Corp. 1.01% 117,169 $18.9M Reduce -4.4%
INDB Independent Bank Corp. 0.98% 293,736 $18.4M Add +68.6%
STAG Stag Industrial Inc. 0.93% 483,550 $17.5M Reduce -3.7%
PFGC Performance Food Group Co. 0.92% 220,573 $17.3M Reduce -4.5%
NSA National Storage Affiliates 0.91% 434,065 $17.1M Add +13.0%
VIAV Viavi Solutions Inc. 0.90% 1,516,435 $17.0M Reduce -4.4%
FIBK First Interstate Bancsys-A 0.89% 587,612 $16.8M Reduce -3.7%
HLIT Harmonic Inc. 0.89% 1,750,844 $16.8M Reduce -4.5%
ALL Allstate Corp. 0.88% 80,248 $16.6M Reduce -19.9%
CACI Caci International Inc. Class A 0.86% 43,879 $16.1M Reduce -4.6%
MUSA Murphy USA Inc. 0.84% 33,812 $15.9M Reduce -35.8%
AXTA Axalta Coating Systems Ltd. 0.84% 476,903 $15.8M Reduce -4.0%
IBP Installed Building Products 0.84% 92,080 $15.8M Add +36.0%
HXL Hexcel Corp. 0.84% 287,367 $15.7M Reduce -3.9%
VMI Valmont Industries 0.83% 54,664 $15.6M Reduce -4.3%
RGA Reinsurance Group of America 0.83% 79,126 $15.6M Add +17.3%
THS Treehouse Foods Inc. 0.82% 568,636 $15.4M Reduce -3.5%
GNTX Gentex Corp. 0.82% 658,292 $15.3M Reduce -3.5%
MTG Mgic Investment Corp. 0.82% 618,972 $15.3M Reduce -4.5%
EXLS Exlservice Holdings Inc. 0.81% 323,334 $15.3M Reduce -4.5%
CBT Cabot Corp. 0.80% 181,619 $15.1M Add +13.3%
VLY Valley National Bancorp 0.80% 1,696,737 $15.1M Reduce -3.6%
ITT Itt Inc. 0.80% 116,658 $15.1M Reduce -27.8%
KFY Korn Ferry 0.80% 221,424 $15.0M Reduce -4.4%
DORM Dorman Products Inc. 0.80% 124,118 $15.0M Reduce -4.5%
NBHC National Bank Hold Class A 0.79% 390,439 $14.9M Add +12.0%
VOYA Voya Financial Inc. 0.78% 217,880 $14.8M Reduce -3.5%
COR Cencora Inc. 0.77% 52,253 $14.5M Reduce -3.4%
CDP Copt Defense Properties 0.76% 520,901 $14.2M Reduce -3.7%
IDA Idacorp Inc. 0.75% 121,414 $14.1M Reduce -4.4%
TSN Tyson Foods Inc. Class A 0.74% 219,454 $14.0M Reduce -3.4%
G Genpact Ltd. 0.74% 276,799 $13.9M Reduce -3.4%
KEYS Keysight Technologies Inc. 0.74% 92,945 $13.9M Add +6.3%
WTW Willis Towers Watson PLC 0.72% 40,265 $13.6M Reduce -3.4%
WEC WEC Energy Group Inc. 0.72% 124,376 $13.6M Reduce -13.1%
FAF First American Financial 0.72% 205,762 $13.5M Reduce -4.3%
OPCH Option Care Health Inc. 0.72% 385,673 $13.5M Reduce -4.0%
AIG American International Group 0.71% 154,305 $13.4M Reduce -9.8%
DTE DTE Energy Company 0.70% 94,770 $13.1M Reduce -3.8%
AER Aercap Holdings NV 0.70% 128,246 $13.1M Reduce -3.4%
LDOS Leidos Holdings Inc. 0.69% 96,346 $13.0M Reduce -3.4%
LH Labcorp Holdings Inc. 0.68% 54,730 $12.7M Reduce -3.4%
WCC Wesco International Inc. 0.66% 80,306 $12.5M Reduce -3.4%
ASB Associated Banc-Corp. 0.66% 547,958 $12.3M New
EPAC Enerpac Tool Group Corp. 0.64% 266,541 $12.0M Reduce -4.4%
GMED Globus Medical Inc. Class A 0.63% 162,852 $11.9M Reduce -25.2%
LKQ LKQ Corp. 0.63% 278,868 $11.9M Add +13.1%
MAA Mid-America Apartment Comm 0.61% 68,959 $11.6M Reduce -3.4%
SLGN Silgan Holdings Inc. 0.61% 224,517 $11.5M Add +40.1%
CIVI Civitas Resources Inc. 0.61% 327,439 $11.4M Reduce -3.5%
PTC PTC Inc. 0.60% 73,030 $11.3M Add +15.1%
WHD Cactus Inc. Class A 0.60% 245,050 $11.2M Reduce -4.6%
SLAB Silicon Laboratories Inc. 0.58% 97,176 $10.9M Add +17.3%
ZBH Zimmer Biomet Holdings Inc. 0.57% 94,287 $10.7M Reduce -3.4%
NI Nisource Inc. 0.57% 266,023 $10.7M Reduce -16.7%
XEL Xcel Energy Inc. 0.55% 146,635 $10.4M New
GPN Global Payments Inc. 0.55% 105,300 $10.3M Reduce -3.4%
HOLX Hologic Inc. 0.55% 166,615 $10.3M Add +20.4%
UVSP Univest Financial Corp. 0.54% 360,025 $10.2M Reduce -4.2%
EVRG Evergy Inc. 0.54% 147,329 $10.2M Add +17.0%
ETR Entergy Corp. 0.53% 116,924 $10.0M Reduce -47.3%
WAB Wabtec Corp. 0.53% 55,058 $10.0M Reduce -3.4%
CTRA Coterra Energy Inc. 0.53% 344,217 $9.9M Reduce -3.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.52% 272,094 $9.8M Reduce -4.5%
AKAM Akamai Technologies Inc. 0.51% 118,543 $9.5M Reduce -3.4%
CNP Centerpoint Energy Inc. 0.50% 260,410 $9.4M Reduce -3.4%
CHCO City Holding Co. filed as CITY HLDG CO 0.49% 79,015 $9.3M Reduce -4.3%
BKH Black Hills Corp. 0.49% 152,030 $9.2M Reduce -3.6%
ALLY Ally Financial Inc. 0.49% 252,149 $9.2M New
NVST Envista Holdings Corp. 0.49% 529,112 $9.1M Reduce -3.8%
ESS Essex Property Trust Inc. 0.48% 29,316 $9.0M Reduce -3.4%
PH Parker Hannifin Corp. 0.47% 14,662 $8.9M Reduce -22.2%
HAS Hasbro Inc. 0.47% 143,884 $8.8M Reduce -3.4%
GPI Group 1 Automotive Inc. 0.47% 22,958 $8.8M New
FANG Diamondback Energy Inc. 0.47% 54,796 $8.8M Add +4.5%
CAKE The Cheesecake Factory Inc. 0.46% 179,431 $8.7M Reduce -16.1%
DOV Dover Corp. 0.46% 49,284 $8.7M Reduce -14.0%

Show all 143 holdings

Portfolio Sells Q4 2024 → Q1 2025
ALTM Arcadium Lithium PLC Sold out 0.00% −0.51
DFS Discover Financial Services Sold out 0.00% −0.50
URBN Urban Outfitters Inc. Reduce -60.9% 0.33% −0.49
MUSA Murphy USA Inc. Reduce -35.8% 0.84% −0.47
FMC FMC Corp. Sold out 0.00% −0.44
BERY Berry Global Group Inc. Sold out 0.00% −0.41
RRX Regal Rexnord Corp. Reduce -3.8% 1.16% −0.38
CHX Championx Corp. Reduce -36.0% 1.07% −0.36
INGR Ingredion Inc. Reduce -27.7% 1.12% −0.35
ITT Itt Inc. Reduce -27.8% 0.80% −0.35
CLH Clean Harbors Inc. Reduce -8.5% 1.66% −0.32
HLIT Harmonic Inc. Reduce -4.5% 0.89% −0.31
ETR Entergy Corp. Reduce -47.3% 0.53% −0.31
FFIV F5 Inc. Reduce -49.1% 0.36% −0.27
GMED Globus Medical Inc. Class A Reduce -25.2% 0.63% −0.26
SHOO Steven Madden Ltd. Reduce -3.7% 0.40% −0.22
THS Treehouse Foods Inc. Reduce -3.5% 0.82% −0.21
ROG Rogers Corp. Reduce -3.5% 0.37% −0.17
CIVI Civitas Resources Inc. Reduce -3.5% 0.61% −0.17
GNTX Gentex Corp. Reduce -3.5% 0.82% −0.16
CRI Carter's Inc. Sold out 0.00% −0.16
WHD Cactus Inc. Class A Reduce -4.6% 0.60% −0.15
SMG Scotts Miracle-Gro Co. Sold out 0.00% −0.15
SXI Standex International Corp. Reduce -4.4% 1.01% −0.14
WTFC Wintrust Financial Corp. Reduce -4.4% 1.47% −0.13
BWXT BWX Technologies Inc. Sold out 0.00% −0.13
PH Parker Hannifin Corp. Reduce -22.2% 0.47% −0.12
AEO American Eagle Outfitters Sold out 0.00% −0.12
GTES Gates Industrial Corp. UK Ltd. Reduce -4.3% 1.17% −0.11
HXL Hexcel Corp. Reduce -3.9% 0.84% −0.10
LW Lamb Weston Holdings Inc. Reduce -3.4% 0.43% −0.09
FIBK First Interstate Bancsys-A Reduce -3.7% 0.89% −0.09
QDEL Quidelortho Corp. Reduce -3.5% 0.38% −0.09
PNFP Pinnacle Financial Partners Reduce -4.2% 1.66% −0.09
WCC Wesco International Inc. Reduce -3.4% 0.66% −0.09
CDP Copt Defense Properties Reduce -3.7% 0.76% −0.08
ALL Allstate Corp. Reduce -19.9% 0.88% −0.08
AKAM Akamai Technologies Inc. Reduce -3.4% 0.51% −0.08
COLB Columbia Banking System Inc. Reduce -4.3% 1.28% −0.08
DOV Dover Corp. Reduce -14.0% 0.46% −0.08
CACI Caci International Inc. Class A Reduce -4.6% 0.86% −0.07
GPN Global Payments Inc. Reduce -3.4% 0.55% −0.06
STZ Constellation Brands Inc. Class A Reduce -3.4% 0.34% −0.06
IOSP Innospec Inc. Reduce -4.5% 0.39% −0.05
PFGC Performance Food Group Co. Reduce -4.5% 0.92% −0.05
NPO Enpro Inc. Reduce -4.5% 1.02% −0.05
VMI Valmont Industries Reduce -4.3% 0.83% −0.04
DORM Dorman Products Inc. Reduce -4.5% 0.80% −0.04
NVST Envista Holdings Corp. Reduce -3.8% 0.49% −0.04
CAKE The Cheesecake Factory Inc. Reduce -16.1% 0.46% −0.04

Portfolio Buys Q4 2024 → Q1 2025
IWN iShares Russell 2000 Value E Add +423.2% 1.09% +0.88
ASB Associated Banc-Corp. New 0.66% +0.66
XEL Xcel Energy Inc. New 0.55% +0.55
ALLY Ally Financial Inc. New 0.49% +0.49
GPI Group 1 Automotive Inc. New 0.47% +0.47
BALL Ball Corp. New 0.43% +0.43
EXP Eagle Materials Inc. New 0.42% +0.42
INDB Independent Bank Corp. Add +68.6% 0.98% +0.42
CTO Cto Realty Growth Inc. Add +356.0% 0.41% +0.32
IBP Installed Building Products Add +36.0% 0.84% +0.25
POR Portland General Electric Co. Add +7.8% 1.31% +0.20
SLGN Silgan Holdings Inc. Add +40.1% 0.61% +0.19
NSA National Storage Affiliates Add +13.0% 0.91% +0.18
LKQ LKQ Corp. Add +13.1% 0.63% +0.18
STWD Starwood Property Trust Inc. Add +1.2% 1.39% +0.16
EVRG Evergy Inc. Add +17.0% 0.54% +0.15
RGA Reinsurance Group of America Add +17.3% 0.83% +0.11
XPRO Expro Group Holdings NV Add +50.6% 0.45% +0.10
CBT Cabot Corp. Add +13.3% 0.80% +0.07
SLAB Silicon Laboratories Inc. Add +17.3% 0.58% +0.07
HOLX Hologic Inc. Add +20.4% 0.55% +0.05
LHX L3HARRIS Technologies Inc. Add +7.0% 0.39% +0.05
NBHC National Bank Hold Class A Add +12.0% 0.79% +0.05
BDC Belden Inc. Add +16.5% 0.42% +0.04
KEYS Keysight Technologies Inc. Add +6.3% 0.74% +0.04
FANG Diamondback Energy Inc. Add +4.5% 0.47% +0.04
LITE Lumentum Holdings Inc. Add +28.6% 1.49% +0.03
PTC PTC Inc. Add +15.1% 0.60% +0.02
COHU Cohu Inc. Add +61.0% 0.33% −0.02
EPAM Epam Systems Inc. Add +21.4% 0.41% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 140$2.2BROG, RRX, VIAV, CLH, NPO
Q1 2026 142$2.0BVIAV, PR, RRX, CLH, EHC
Q4 2025 141$2.0BLITE, FHN, EHC, CLH, RRX
Q3 2025 142$2.0BLITE, EHC, FHN, CLH, NMRK
Q2 2025 141$1.9BLITE, EHC, FHN, CLH, PNFP
Q1 2025 143$1.9BEHC, FHN, ADC, PNFP, CLH
Q4 2024 145$2.0BEHC, CLH, FHN, PNFP, ADC
Q3 2024 145$2.2BCLH, EHC, ADC, RRX, CHX
Q2 2024 145$2.2BCLH, EHC, PR, FHN, RRX
Q1 2024 146$2.3BCLH, EHC, RRX, PR, FHN