Leeward Investments, LLC - MA

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Leeward Investments, LLC - MA reported 141 stock positions worth $1.9 billion. Its top holding was Lumentum (LITE) at 2.6% of the portfolio, followed by Encompass Health (EHC, 2.3%) and First Horizon (FHN, 2.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 4, added to 25 and reduced 114. The biggest buy was Lumentum (LITE, shares +15%) and the biggest sale Portland General Electric (POR, shares −56%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001923173
Portfolio Value
$1.9B (Q2 2025)
SEC Filing
0001085146-25-004377 ↗ filed Jul 31, 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 Q1 2025 Q2 2025: $1.9B $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 141 stocks · $1.9B
LITE Lumentum Holdings Inc. 2.61% 516,431 $49.1M Add +14.8%
EHC Encompass Health Corp. 2.29% 351,121 $43.1M Reduce -18.8%
FHN First Horizon Corp. 2.00% 1,775,903 $37.6M Reduce -3.0%
CLH Clean Harbors Inc. 1.89% 153,526 $35.5M Reduce -2.8%
PNFP Pinnacle Financial Partners 1.68% 285,333 $31.5M Reduce -3.1%
ADC Agree Realty Corp. 1.66% 426,070 $31.1M Reduce -6.2%
WTFC Wintrust Financial Corp. 1.56% 236,694 $29.3M Reduce -3.5%
RRX Regal Rexnord Corp. 1.43% 185,875 $26.9M Reduce -2.8%
PR Permian Resources Corp. Class A 1.43% 1,968,705 $26.8M Reduce -1.1%
GTES Gates Industrial Corp. UK Ltd. 1.41% 1,148,212 $26.4M Reduce -3.7%
STWD Starwood Property Trust Inc. 1.37% 1,279,482 $25.7M Reduce -3.4%
PBH Prestige Consumer Healthcare 1.37% 321,244 $25.7M Reduce -10.7%
HURN Huron Consulting Group Inc. 1.28% 175,275 $24.1M Reduce -11.1%
NMRK Newmark Group Inc. Class A 1.20% 1,847,999 $22.5M Add +9.4%
NPO Enpro Inc. 1.16% 113,973 $21.8M Reduce -3.5%
COLB Columbia Banking System Inc. 1.16% 929,518 $21.7M Reduce -3.7%
IWN iShares Russell 2000 Value E 1.10% 131,568 $20.8M Reduce -3.4%
VVV Valvoline Inc. 1.10% 545,600 $20.7M Reduce -0.8%
INGR Ingredion Inc. 1.09% 150,772 $20.4M Reduce -3.0%
ONB Old National Bancorp 1.09% 955,572 $20.4M Reduce -3.7%
CACI Caci International Inc. Class A 1.07% 42,296 $20.2M Reduce -3.6%
IDA Idacorp Inc. 1.06% 172,134 $19.9M Add +41.8%
VMI Valmont Industries 1.05% 60,598 $19.8M Add +10.9%
FIBK First Interstate Bancsys-A 1.02% 666,886 $19.2M Add +13.5%
ASB Associated Banc-Corp. 0.99% 765,504 $18.7M Add +39.7%
VOYA Voya Financial Inc. 0.96% 255,114 $18.1M Add +17.1%
KEYS Keysight Technologies Inc. 0.94% 108,088 $17.7M Add +16.3%
SXI Standex International Corp. 0.94% 113,069 $17.7M Reduce -3.5%
INDB Independent Bank Corp. 0.94% 280,916 $17.7M Reduce -4.4%
ITT Itt Inc. 0.94% 112,576 $17.7M Reduce -3.5%
SLAB Silicon Laboratories Inc. 0.92% 117,834 $17.4M Add +21.3%
NBHC National Bank Hold Class A 0.90% 451,726 $17.0M Add +15.7%
STAG Stag Industrial Inc. 0.89% 463,089 $16.8M Reduce -4.2%
MTG Mgic Investment Corp. 0.88% 597,176 $16.6M Reduce -3.5%
THG Hanover Insurance Group Inc./ 0.88% 97,249 $16.5M Reduce -28.6%
CHX Championx Corp. 0.87% 656,241 $16.3M Reduce -2.7%
PFGC Performance Food Group Co. 0.87% 186,269 $16.3M Reduce -15.6%
HLIT Harmonic Inc. 0.85% 1,688,450 $16.0M Reduce -3.6%
IBP Installed Building Products 0.84% 87,975 $15.9M Reduce -4.5%
ALL Allstate Corp. 0.84% 78,702 $15.8M Reduce -1.9%
HXL Hexcel Corp. 0.84% 278,269 $15.7M Reduce -3.2%
KFY Korn Ferry 0.83% 213,705 $15.7M Reduce -3.5%
RGA Reinsurance Group of America 0.82% 77,517 $15.4M Reduce -2.0%
CBT Cabot Corp. 0.81% 203,616 $15.3M Add +12.1%
VIAV Viavi Solutions Inc. 0.78% 1,463,687 $14.7M Reduce -3.5%
DORM Dorman Products Inc. 0.78% 119,764 $14.7M Reduce -3.5%
AER Aercap Holdings NV 0.78% 125,128 $14.6M Reduce -2.4%
WCC Wesco International Inc. 0.77% 78,382 $14.5M Reduce -2.4%
VLY Valley National Bancorp 0.77% 1,624,900 $14.5M Reduce -4.2%
GNTX Gentex Corp. 0.74% 634,630 $14.0M Reduce -3.6%
CDP Copt Defense Properties 0.73% 498,782 $13.8M Reduce -4.3%
EXLS Exlservice Holdings Inc. 0.73% 312,084 $13.7M Reduce -3.5%
PTC PTC Inc. 0.72% 78,488 $13.5M Add +7.5%
NSA National Storage Affiliates 0.71% 415,353 $13.3M Reduce -4.3%
MUSA Murphy USA Inc. 0.70% 32,526 $13.2M Reduce -3.8%
LH Labcorp Holdings Inc. 0.69% 49,675 $13.0M Reduce -9.2%
AIG American International Group 0.69% 151,870 $13.0M Reduce -1.6%
WHD Cactus Inc. Class A 0.65% 278,651 $12.2M Add +13.7%
FAF First American Financial 0.65% 198,165 $12.2M Reduce -3.7%
WTW Willis Towers Watson PLC 0.64% 39,382 $12.1M Reduce -2.2%
OPCH Option Care Health Inc. 0.64% 371,365 $12.1M Reduce -3.7%
COR Cencora Inc. 0.63% 39,531 $11.9M Reduce -24.4%
SLGN Silgan Holdings Inc. 0.62% 216,536 $11.7M Reduce -3.5%
WBS Webster Financial Corp. 0.62% 214,241 $11.7M Add +54.3%
DTE DTE Energy Company 0.61% 87,172 $11.5M Reduce -8.0%
WAB Wabtec Corp. 0.60% 53,630 $11.2M Reduce -2.6%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.59% 262,529 $11.1M Reduce -3.5%
EVR Evercore Inc. Class A 0.59% 40,987 $11.1M New
TSN Tyson Foods Inc. Class A 0.59% 197,290 $11.0M Reduce -10.1%
WEC WEC Energy Group Inc. 0.58% 105,430 $11.0M Reduce -15.2%
HOLX Hologic Inc. 0.57% 163,443 $10.6M Reduce -1.9%
G Genpact Ltd. 0.56% 239,082 $10.5M Reduce -13.6%
NI Nisource Inc. 0.56% 260,274 $10.5M Reduce -2.2%
EPAC Enerpac Tool Group Corp. 0.56% 257,114 $10.4M Reduce -3.5%
UVSP Univest Financial Corp. 0.55% 346,897 $10.4M Reduce -3.6%
HAS Hasbro Inc. 0.55% 140,501 $10.4M Reduce -2.4%
ARMK Aramark 0.54% 242,407 $10.1M Add +19.9%
LKQ LKQ Corp. 0.54% 273,442 $10.1M Reduce -1.9%
PH Parker Hannifin Corp. 0.54% 14,405 $10.1M Reduce -1.8%
MAA Mid-America Apartment Comm 0.53% 67,722 $10.0M Reduce -1.8%
NVST Envista Holdings Corp. 0.53% 512,042 $10.0M Reduce -3.2%
POR Portland General Electric Co. 0.53% 245,930 $10.0M Reduce -55.5%
ALLY Ally Financial Inc. 0.53% 256,315 $10.0M Add +1.6%
EVRG Evergy Inc. 0.53% 143,966 $9.9M Reduce -2.3%
AXTA Axalta Coating Systems Ltd. 0.52% 332,163 $9.9M Reduce -30.4%
XEL Xcel Energy Inc. 0.52% 144,065 $9.8M Reduce -1.8%
GPI Group 1 Automotive Inc. 0.51% 22,001 $9.6M Reduce -4.2%
ETR Entergy Corp. 0.51% 115,085 $9.6M Reduce -1.6%
EPAM Epam Systems Inc. 0.51% 53,725 $9.5M Add +16.9%
CNP Centerpoint Energy Inc. 0.50% 256,024 $9.4M Reduce -1.7%
CHCO City Holding Co. filed as CITY HLDG CO 0.50% 76,097 $9.3M Reduce -3.7%
GMED Globus Medical Inc. Class A 0.49% 156,706 $9.2M Reduce -3.8%
AKAM Akamai Technologies Inc. 0.49% 115,740 $9.2M Reduce -2.4%
ADUS Addus Homecare Corp. 0.49% 79,453 $9.2M New
QRVO Qorvo Inc. 0.48% 107,044 $9.1M Reduce -2.4%
AMP Ameriprise Financial Inc. 0.48% 16,837 $9.0M Reduce -2.0%
EXP Eagle Materials Inc. 0.48% 44,235 $8.9M Add +23.3%
DOV Dover Corp. 0.47% 48,474 $8.9M Reduce -1.6%
BDC Belden Inc. 0.47% 76,170 $8.8M Reduce -3.6%
ZBH Zimmer Biomet Holdings Inc. 0.47% 96,140 $8.8M Add +2.0%

Show all 141 holdings

Portfolio Sells Q1 2025 → Q2 2025
POR Portland General Electric Co. Reduce -55.5% 0.53% −0.78
GPN Global Payments Inc. Sold out 0.00% −0.55
THS Treehouse Foods Inc. Reduce -40.5% 0.35% −0.47
THG Hanover Insurance Group Inc./ Reduce -28.6% 0.88% −0.38
AZEK The Azek Co. Inc. Sold out 0.00% −0.37
AXTA Axalta Coating Systems Ltd. Reduce -30.4% 0.52% −0.32
PBH Prestige Consumer Healthcare Reduce -10.7% 1.37% −0.28
LDOS Leidos Holdings Inc. Reduce -48.6% 0.42% −0.28
HURN Huron Consulting Group Inc. Reduce -11.1% 1.28% −0.22
IART Integra Lifesciences Holding Reduce -3.6% 0.24% −0.21
ADC Agree Realty Corp. Reduce -6.2% 1.66% −0.21
NSA National Storage Affiliates Reduce -4.3% 0.71% −0.20
CHX Championx Corp. Reduce -2.7% 0.87% −0.20
G Genpact Ltd. Reduce -13.6% 0.56% −0.18
TSN Tyson Foods Inc. Class A Reduce -10.1% 0.59% −0.16
CIVI Civitas Resources Inc. Reduce -4.5% 0.46% −0.15
COR Cencora Inc. Reduce -24.4% 0.63% −0.14
GMED Globus Medical Inc. Class A Reduce -3.8% 0.49% −0.14
MUSA Murphy USA Inc. Reduce -3.8% 0.70% −0.14
WEC WEC Energy Group Inc. Reduce -15.2% 0.58% −0.14
COLB Columbia Banking System Inc. Reduce -3.7% 1.16% −0.12
VIAV Viavi Solutions Inc. Reduce -3.5% 0.78% −0.12
LKQ LKQ Corp. Reduce -1.9% 0.54% −0.09
CAKE The Cheesecake Factory Inc. Reduce -37.5% 0.37% −0.09
ARE Alexandria Real Estate Equit Reduce -2.4% 0.29% −0.09
COLM Columbia Sportswear Co. Reduce -2.4% 0.32% −0.09
EXLS Exlservice Holdings Inc. Reduce -3.5% 0.73% −0.08
DTE DTE Energy Company Reduce -8.0% 0.61% −0.08
HAIN Hain Celestial Group Inc. Sold out 0.00% −0.08
WTW Willis Towers Watson PLC Reduce -2.2% 0.64% −0.08
MAA Mid-America Apartment Comm Reduce -1.8% 0.53% −0.08
QDEL Quidelortho Corp. Reduce -4.3% 0.30% −0.08
EPAC Enerpac Tool Group Corp. Reduce -3.5% 0.56% −0.08
XPRO Expro Group Holdings NV Reduce -4.5% 0.37% −0.08
CTRA Coterra Energy Inc. Reduce -2.4% 0.45% −0.07
OPCH Option Care Health Inc. Reduce -3.7% 0.64% −0.07
GNTX Gentex Corp. Reduce -3.6% 0.74% −0.07
FAF First American Financial Reduce -3.7% 0.65% −0.07
SXI Standex International Corp. Reduce -3.5% 0.94% −0.06
CTO Cto Realty Growth Inc. Reduce -4.5% 0.35% −0.06
BKH Black Hills Corp. Reduce -4.3% 0.43% −0.06
IOSP Innospec Inc. Reduce -3.5% 0.33% −0.06
PFGC Performance Food Group Co. Reduce -15.6% 0.87% −0.05
SHOO Steven Madden Ltd. Reduce -4.3% 0.34% −0.05
SR Spire Inc. Reduce -3.7% 0.41% −0.05
STZ Constellation Brands Inc. Class A Reduce -2.5% 0.29% −0.05
HLIT Harmonic Inc. Reduce -3.6% 0.85% −0.04
ALL Allstate Corp. Reduce -1.9% 0.84% −0.04
PR Permian Resources Corp. Class A Reduce -1.1% 1.43% −0.04
INDB Independent Bank Corp. Reduce -4.4% 0.94% −0.04

Portfolio Buys Q1 2025 → Q2 2025
LITE Lumentum Holdings Inc. Add +14.8% 2.61% +1.12
EVR Evercore Inc. Class A New 0.59% +0.59
ADUS Addus Homecare Corp. New 0.49% +0.49
SLAB Silicon Laboratories Inc. Add +21.3% 0.92% +0.34
ASB Associated Banc-Corp. Add +39.7% 0.99% +0.34
IDA Idacorp Inc. Add +41.8% 1.06% +0.31
WBS Webster Financial Corp. Add +54.3% 0.62% +0.24
VMI Valmont Industries Add +10.9% 1.05% +0.22
KEYS Keysight Technologies Inc. Add +16.3% 0.94% +0.20
VOYA Voya Financial Inc. Add +17.1% 0.96% +0.18
ARMK Aramark Add +19.9% 0.54% +0.17
COHU Cohu Inc. Add +6.2% 0.46% +0.13
FIBK First Interstate Bancsys-A Add +13.5% 1.02% +0.13
PTC PTC Inc. Add +7.5% 0.72% +0.12
NBHC National Bank Hold Class A Add +15.7% 0.90% +0.11
HST Host Hotels & Resorts Inc. Add +49.5% 0.29% +0.11
NMRK Newmark Group Inc. Class A Add +9.4% 1.20% +0.10
EPAM Epam Systems Inc. Add +16.9% 0.51% +0.09
DAR Darling Ingredients Inc. Add +2.0% 0.46% +0.09
ROG Rogers Corp. Add +19.9% 0.45% +0.08
EXP Eagle Materials Inc. Add +23.3% 0.48% +0.05
WHD Cactus Inc. Class A Add +13.7% 0.65% +0.05
ALLY Ally Financial Inc. Add +1.6% 0.53% +0.04
CBT Cabot Corp. Add +12.1% 0.81% +0.01
FANG Diamondback Energy Inc. Add +15.3% 0.46% −0.00
ESS Essex Property Trust Inc. Add +3.7% 0.46% −0.02
ZBH Zimmer Biomet Holdings Inc. Add +2.0% 0.47% −0.10

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