Leeward Investments, LLC - MA

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Leeward Investments, LLC - MA reported 142 stock positions worth $2.0 billion. Its top holding was Lumentum (LITE) at 2.5% of the portfolio, followed by Encompass Health (EHC, 2.2%) and First Horizon (FHN, 2.0%). Compared with Q2 2025, it opened 6 new positions, sold out of 5, added to 24 and reduced 112. The biggest buy was a new position in FB Financial (FBK) and the biggest sale an exit from Pinnacle Financial Partners (PNFP).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001923173
Portfolio Value
$2.0B (Q3 2025)
SEC Filing
0001923173-25-000003 ↗ filed Nov 7, 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 Q2 2025 Q3 2025: $2.0B $2.0B Q3 2025 Q4 2025: $2.0B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.2B Q2 2026

Holdings 142 stocks · $2.0B
LITE Lumentum Holdings Inc. 2.46% 296,117 $48.2M Reduce -42.7%
EHC Encompass Health Corp. 2.22% 341,734 $43.4M Reduce -2.7%
FHN First Horizon Corp. 2.00% 1,727,859 $39.1M Reduce -2.7%
CLH Clean Harbors Inc. 1.77% 149,218 $34.7M Reduce -2.8%
NMRK Newmark Group Inc. Class A 1.72% 1,807,150 $33.7M Reduce -2.2%
WTFC Wintrust Financial Corp. 1.57% 231,504 $30.7M Reduce -2.2%
ADC Agree Realty Corp. 1.50% 414,670 $29.5M Reduce -2.7%
GTES Gates Industrial Corp. UK Ltd. 1.42% 1,123,007 $27.9M Reduce -2.2%
PR Permian Resources Corp. Class A 1.34% 2,050,070 $26.2M Add +4.1%
RRX Regal Rexnord Corp. 1.32% 180,411 $25.9M Reduce -2.9%
NPO Enpro Inc. 1.29% 111,475 $25.2M Reduce -2.2%
HURN Huron Consulting Group Inc. 1.29% 171,426 $25.2M Reduce -2.2%
STWD Starwood Property Trust Inc. 1.23% 1,244,583 $24.1M Reduce -2.7%
SXI Standex International Corp. 1.20% 110,598 $23.4M Reduce -2.2%
COLB Columbia Banking System Inc. 1.20% 909,207 $23.4M Reduce -2.2%
HXL Hexcel Corp. 1.19% 371,161 $23.3M Add +33.4%
VMI Valmont Industries 1.17% 59,271 $23.0M Reduce -2.2%
IDA Idacorp Inc. 1.14% 168,344 $22.2M Reduce -2.2%
IBP Installed Building Products 1.09% 86,109 $21.2M Reduce -2.1%
FIBK First Interstate Bancsys-A 1.06% 652,333 $20.8M Reduce -2.2%
VIAV Viavi Solutions Inc. 1.06% 1,632,534 $20.7M Add +11.5%
FBK FB Financial Corp. filed as FB FINL CORP 1.06% 371,005 $20.7M New
CACI Caci International Inc. Class A 1.05% 41,338 $20.6M Reduce -2.3%
ONB Old National Bancorp 1.05% 934,496 $20.5M Reduce -2.2%
ITT Itt Inc. 1.01% 110,103 $19.7M Reduce -2.2%
PBH Prestige Consumer Healthcare 1.00% 314,159 $19.6M Reduce -2.2%
ASB Associated Banc-Corp. 0.98% 748,586 $19.2M Reduce -2.2%
VVV Valvoline Inc. 0.97% 530,561 $19.1M Reduce -2.8%
INDB Independent Bank Corp. 0.97% 274,725 $19.0M Reduce -2.2%
GNTX Gentex Corp. 0.97% 670,660 $19.0M Add +5.7%
PFGC Performance Food Group Co. 0.97% 182,200 $19.0M Reduce -2.2%
VOYA Voya Financial Inc. 0.95% 249,685 $18.7M Reduce -2.1%
DORM Dorman Products Inc. 0.93% 117,130 $18.3M Reduce -2.2%
KEYS Keysight Technologies Inc. 0.93% 104,307 $18.2M Reduce -3.5%
INGR Ingredion Inc. 0.92% 146,715 $17.9M Reduce -2.7%
THG Hanover Insurance Group Inc./ 0.88% 95,106 $17.3M Reduce -2.2%
NBHC National Bank Hold Class A 0.87% 441,722 $17.1M Reduce -2.2%
VLY Valley National Bancorp 0.86% 1,588,965 $16.8M Reduce -2.2%
HLIT Harmonic Inc. 0.86% 1,652,833 $16.8M Reduce -2.1%
SLAB Silicon Laboratories Inc. 0.85% 127,099 $16.7M Add +7.9%
MTG Mgic Investment Corp. 0.85% 584,000 $16.6M Reduce -2.2%
ALL Allstate Corp. 0.83% 75,951 $16.3M Reduce -3.5%
WCC Wesco International Inc. 0.82% 75,650 $16.0M Reduce -3.5%
STAG Stag Industrial Inc. 0.82% 452,912 $16.0M Reduce -2.2%
IWN iShares Russell 2000 Value E 0.81% 89,563 $15.8M Reduce -31.9%
PTC PTC Inc. 0.79% 75,744 $15.4M Reduce -3.5%
CBT Cabot Corp. 0.77% 199,116 $15.1M Reduce -2.2%
CIM Chimera Investment Corp. 0.77% 1,134,476 $15.0M Add +125.8%
KFY Korn Ferry 0.75% 209,003 $14.6M Reduce -2.2%
RGA Reinsurance Group of America 0.73% 74,809 $14.4M Reduce -3.5%
CDP Copt Defense Properties 0.72% 487,783 $14.2M Reduce -2.2%
LH Labcorp Holdings Inc. 0.70% 47,939 $13.8M Reduce -3.5%
DTE DTE Energy Company 0.70% 96,316 $13.6M Add +10.5%
EXLS Exlservice Holdings Inc. 0.69% 305,222 $13.4M Reduce -2.2%
EVR Evercore Inc. Class A 0.68% 39,558 $13.3M Reduce -3.5%
WEC WEC Energy Group Inc. 0.68% 115,832 $13.3M Add +9.9%
WTW Willis Towers Watson PLC 0.67% 38,009 $13.1M Reduce -3.5%
COHU Cohu Inc. 0.65% 623,743 $12.7M Add +37.7%
EVRG Evergy Inc. 0.64% 164,015 $12.5M Add +13.9%
AXTA Axalta Coating Systems Ltd. 0.64% 435,404 $12.5M Add +31.1%
FAF First American Financial 0.64% 193,804 $12.4M Reduce -2.2%
MUSA Murphy USA Inc. 0.63% 31,811 $12.4M Reduce -2.2%
ADUS Addus Homecare Corp. 0.63% 104,585 $12.3M Add +31.6%
GPI Group 1 Automotive Inc. 0.63% 28,130 $12.3M Add +27.9%
WBS Webster Financial Corp. 0.63% 206,779 $12.3M Reduce -3.5%
NSA National Storage Affiliates 0.63% 406,152 $12.3M Reduce -2.2%
SLGN Silgan Holdings Inc. 0.62% 280,213 $12.1M Add +29.4%
XPRO Expro Group Holdings NV 0.61% 1,013,306 $12.0M Add +25.1%
ETR Entergy Corp. 0.61% 129,069 $12.0M Add +12.2%
COR Cencora Inc. 0.61% 38,152 $11.9M Reduce -3.5%
OPCH Option Care Health Inc. 0.60% 423,548 $11.8M Add +14.1%
ARMK Aramark 0.59% 303,002 $11.6M Add +25.0%
AIG American International Group 0.59% 146,551 $11.5M Reduce -3.5%
ROG Rogers Corp. 0.58% 142,033 $11.4M Add +15.1%
XEL Xcel Energy Inc. 0.57% 139,019 $11.2M Reduce -3.5%
LDOS Leidos Holdings Inc. 0.57% 58,910 $11.1M Add +19.0%
PKG Packaging Corp. of America 0.56% 49,973 $10.9M New
WHD Cactus Inc. Class A 0.55% 272,280 $10.7M Reduce -2.3%
HOLX Hologic Inc. 0.54% 157,722 $10.6M Reduce -3.5%
POR Portland General Electric Co. 0.54% 240,552 $10.6M Reduce -2.2%
PH Parker Hannifin Corp. 0.54% 13,905 $10.5M Reduce -3.5%
WAB Wabtec Corp. 0.53% 51,762 $10.4M Reduce -3.5%
EPAC Enerpac Tool Group Corp. 0.53% 251,459 $10.3M Reduce -2.2%
HAS Hasbro Inc. 0.53% 135,589 $10.3M Reduce -3.5%
LHX L3HARRIS Technologies Inc. 0.52% 33,463 $10.2M Reduce -3.5%
UVSP Univest Financial Corp. 0.52% 339,250 $10.2M Reduce -2.2%
BDC Belden Inc. 0.52% 84,427 $10.2M Add +10.8%
NVST Envista Holdings Corp. 0.52% 498,472 $10.2M Reduce -2.6%
EXP Eagle Materials Inc. 0.51% 42,705 $10.0M Reduce -3.5%
CIVI Civitas Resources Inc. 0.51% 305,906 $9.9M Reduce -2.2%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.50% 256,740 $9.8M Reduce -2.2%
ALLY Ally Financial Inc. 0.50% 247,389 $9.7M Reduce -3.5%
NVRI Enviri Corp. 0.49% 762,528 $9.7M Reduce -2.2%
G Genpact Ltd. 0.49% 230,707 $9.7M Reduce -3.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.49% 280,703 $9.6M New
CNP Centerpoint Energy Inc. 0.49% 247,059 $9.6M Reduce -3.5%
NGVT Ingevity Corp. 0.48% 170,944 $9.4M Reduce -2.2%
CHCO City Holding Co. filed as CITY HLDG CO 0.47% 74,425 $9.2M Reduce -2.2%
ZBH Zimmer Biomet Holdings Inc. 0.47% 92,800 $9.1M Reduce -3.5%
MAA Mid-America Apartment Comm 0.47% 65,354 $9.1M Reduce -3.5%

Show all 142 holdings

Portfolio Sells Q2 2025 → Q3 2025
PNFP Pinnacle Financial Partners Sold out 0.00% −1.68
CHX Championx Corp. Sold out 0.00% −0.87
NI Nisource Inc. Sold out 0.00% −0.56
QRVO Qorvo Inc. Sold out 0.00% −0.48
AER Aercap Holdings NV Reduce -48.4% 0.40% −0.38
PBH Prestige Consumer Healthcare Reduce -2.2% 1.00% −0.36
COLM Columbia Sportswear Co. Sold out 0.00% −0.32
TSN Tyson Foods Inc. Class A Reduce -50.2% 0.27% −0.31
IWN iShares Russell 2000 Value E Reduce -31.9% 0.81% −0.30
LKQ LKQ Corp. Reduce -33.0% 0.29% −0.25
INGR Ingredion Inc. Reduce -2.7% 0.92% −0.17
ADC Agree Realty Corp. Reduce -2.7% 1.50% −0.15
LITE Lumentum Holdings Inc. Reduce -42.7% 2.46% −0.15
STWD Starwood Property Trust Inc. Reduce -2.7% 1.23% −0.14
VVV Valvoline Inc. Reduce -2.8% 0.97% −0.13
CLH Clean Harbors Inc. Reduce -2.8% 1.77% −0.12
DAR Darling Ingredients Inc. Reduce -3.5% 0.35% −0.11
RRX Regal Rexnord Corp. Reduce -2.9% 1.32% −0.11
EPAM Epam Systems Inc. Reduce -3.5% 0.40% −0.11
AIG American International Group Reduce -3.5% 0.59% −0.10
WHD Cactus Inc. Class A Reduce -2.3% 0.55% −0.10
KFY Korn Ferry Reduce -2.2% 0.75% −0.09
NMIH Nmi Holdings Inc. Reduce -2.2% 0.50% −0.09
RGA Reinsurance Group of America Reduce -3.5% 0.73% −0.08
IFF Intl Flavors & Fragrances Reduce -3.5% 0.28% −0.08
NSA National Storage Affiliates Reduce -2.2% 0.63% −0.08
STAG Stag Industrial Inc. Reduce -2.2% 0.82% −0.08
OI O-I Glass Inc. Reduce -2.2% 0.36% −0.08
DOV Dover Corp. Reduce -3.5% 0.40% −0.07
EHC Encompass Health Corp. Reduce -2.7% 2.22% −0.07
MUSA Murphy USA Inc. Reduce -2.2% 0.63% −0.07
AMP Ameriprise Financial Inc. Reduce -3.5% 0.41% −0.07
STZ Constellation Brands Inc. Class A Reduce -3.5% 0.22% −0.07
CAKE The Cheesecake Factory Inc. Reduce -2.2% 0.31% −0.07
WAB Wabtec Corp. Reduce -3.5% 0.53% −0.07
MAA Mid-America Apartment Comm Reduce -3.5% 0.47% −0.07
G Genpact Ltd. Reduce -3.5% 0.49% −0.07
CTRA Coterra Energy Inc. Reduce -3.5% 0.39% −0.06
AKAM Akamai Technologies Inc. Reduce -3.5% 0.43% −0.06
ESS Essex Property Trust Inc. Reduce -3.5% 0.40% −0.06
IOSP Innospec Inc. Reduce -2.2% 0.28% −0.05
GMED Globus Medical Inc. Class A Reduce -2.2% 0.45% −0.04
EXLS Exlservice Holdings Inc. Reduce -2.2% 0.69% −0.04
CTO Cto Realty Growth Inc. Reduce -2.2% 0.31% −0.04
CBT Cabot Corp. Reduce -2.2% 0.77% −0.04
MTG Mgic Investment Corp. Reduce -2.2% 0.85% −0.04
ONB Old National Bancorp Reduce -2.2% 1.05% −0.04
ALLY Ally Financial Inc. Reduce -3.5% 0.50% −0.04
DLTR Dollar Tree Inc. Reduce -3.5% 0.27% −0.04
UVSP Univest Financial Corp. Reduce -2.2% 0.52% −0.03

Portfolio Buys Q2 2025 → Q3 2025
FBK FB Financial Corp. New 1.06% +1.06
PKG Packaging Corp. of America New 0.56% +0.56
SLB SLB Ltd. New 0.49% +0.49
SSB Southstate Bank Corp. New 0.46% +0.46
MCHP Microchip Technology Inc. New 0.45% +0.45
CIM Chimera Investment Corp. Add +125.8% 0.77% +0.40
IJJ iShares S&P Mid-Cap 400 Valu New 0.36% +0.36
HXL Hexcel Corp. Add +33.4% 1.19% +0.35
VIAV Viavi Solutions Inc. Add +11.5% 1.06% +0.27
XPRO Expro Group Holdings NV Add +25.1% 0.61% +0.24
GNTX Gentex Corp. Add +5.7% 0.97% +0.23
COHU Cohu Inc. Add +37.7% 0.65% +0.18
HUM Humana Inc. Add +77.3% 0.38% +0.17
LDOS Leidos Holdings Inc. Add +19.0% 0.57% +0.15
ADUS Addus Homecare Corp. Add +31.6% 0.63% +0.14
ROG Rogers Corp. Add +15.1% 0.58% +0.13
GPI Group 1 Automotive Inc. Add +27.9% 0.63% +0.12
AXTA Axalta Coating Systems Ltd. Add +31.1% 0.64% +0.11
EVRG Evergy Inc. Add +13.9% 0.64% +0.11
ETR Entergy Corp. Add +12.2% 0.61% +0.11
WEC WEC Energy Group Inc. Add +9.9% 0.68% +0.09
YETI Yeti Holdings Inc. Add +46.3% 0.26% +0.09
DTE DTE Energy Company Add +10.5% 0.70% +0.08
ARMK Aramark Add +25.0% 0.59% +0.05
BDC Belden Inc. Add +10.8% 0.52% +0.05
SLGN Silgan Holdings Inc. Add +29.4% 0.62% −0.01
BALL Ball Corp. Add +8.8% 0.43% −0.03
OPCH Option Care Health Inc. Add +14.1% 0.60% −0.04
SLAB Silicon Laboratories Inc. Add +7.9% 0.85% −0.07
PR Permian Resources Corp. Class A Add +4.1% 1.34% −0.09

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