Lexington Partners L.P.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Lexington Partners L.P. reported 4 stock positions worth $330.4 million. Its top holding was Karman (KRMN) at 96.8% of the portfolio, followed by N-Able (NABL, 2.9%) and Samsara Class A (IOT, 0.3%). Compared with Q2 2025, it opened 3 new positions. The biggest buy was a new position in Karman (KRMN).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001621157
Portfolio Value
$330.4M (Q3 2025)
SEC Filing
0001193125-25-269738 ↗ filed Nov 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $140.5M Q1 2024 Q2 2024: $89.0M Q2 2024 Q3 2024: $94.3M Q3 2024 Q4 2024: $83.0M Q4 2024 Q1 2025: $10.6M Q1 2025 Q2 2025: $10.0M Q2 2025 Q3 2025: $330.4M $330.4M Q3 2025 Q4 2025: $339.5M Q4 2025 Q1 2026: $366.4M Q1 2026 Q2 2026: $133.8M Q2 2026

Holdings 4 stocks · $330.4M
KRMN Karman Holdings Inc. 96.80% 4,430,213 $319.9M New
NABL N-Able Inc. 2.93% 1,239,867 $9.7M No change
IOT Samsara Inc. Class A 0.26% 23,454 $874K New
ALEC Alector Inc. 0.01% 10,108 $30K New

Portfolio Sells Q2 2025 → Q3 2025
None this quarter.

Portfolio Buys Q2 2025 → Q3 2025
KRMN Karman Holdings Inc. New 96.80% +96.80
IOT Samsara Inc. Class A New 0.26% +0.26
ALEC Alector Inc. New 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$133.8MKRMN, NABL
Q1 2026 3$366.4MKRMN, MDLN, NABL
Q4 2025 5$339.5MKRMN, NABL, MDLN, RBRK, ALEC
Q3 2025 4$330.4MKRMN, NABL, IOT, ALEC
Q2 2025 1$10.0MNABL
Q1 2025 4$10.6MNABL, TEM, BODI, AMPX
Q4 2024 6$83.0MKDP, SWI, NABL, RBRK, AMPX
Q3 2024 3$94.3MKDP, NABL, SWI
Q2 2024Amended 3$89.0MKDP, NABL, SWI
Q1 2024 4$140.5MKDP, DNUT, NABL, SWI