Lyrical Asset Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Lyrical Asset Management LP reported 37 stock positions worth $7.6 billion. Its top holding was Amcor (AMCR) at 7.4% of the portfolio, followed by NRG Energy (NRG, 6.3%) and Flex (FLEX, 6.0%). Compared with Q3 2025, it opened 3 new positions, sold out of 4, added to 5 and reduced 29. The biggest buy was a new position in Ss&c Technologies (SSNC) and the biggest sale an exit from Lear (LEA).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001542302
- Portfolio Value
- $7.6B (Q4 2025)
- SEC Filing
- 0001062993-26-000784 ↗ filed Feb 11, 2026
Holdings Value
Holdings 37 stocks · $7.6B
| AMCR Amcor PLC | 7.36% | 13,498,709 | $562.9M | Reduce -3.5% |
| NRG NRG Energy Inc. | 6.26% | 3,007,598 | $478.9M | Reduce -5.7% |
| FLEX Flex Ltd. | 5.96% | 7,537,378 | $455.4M | Reduce -7.5% |
| EXPE Expedia Group Inc. | 5.92% | 1,597,037 | $452.5M | Reduce -5.4% |
| JCI Johnson Controls Internation | 5.26% | 3,357,822 | $402.1M | Reduce -5.0% |
| AER Aercap Holdings NV | 5.23% | 2,782,638 | $400.0M | Reduce -6.5% |
| AMP Ameriprise Financial Inc. | 4.62% | 720,461 | $353.3M | Reduce -5.1% |
| HCA HCA Healthcare Inc. | 4.37% | 715,119 | $333.9M | Reduce -5.0% |
| EBAY eBay Inc. | 4.19% | 3,679,959 | $320.5M | Reduce -4.8% |
| UBER Uber Technologies Inc. | 3.76% | 3,518,917 | $287.5M | Add +25.0% |
| NTAP Netapp Inc. | 3.65% | 2,602,766 | $278.7M | Reduce -5.9% |
| FIS Fidelity National Info Serv | 3.32% | 3,814,885 | $253.5M | Reduce -5.0% |
| FFIV F5 Inc. | 3.29% | 986,795 | $251.9M | Reduce -5.1% |
| GEN Gen Digital Inc. | 2.90% | 8,147,912 | $221.5M | Reduce -4.6% |
| SSNC Ss&c Technologies Holdings | 2.88% | 2,523,146 | $220.6M | New |
| CI The Cigna Group | 2.76% | 766,475 | $211.0M | Reduce -4.4% |
| CPAY Corpay Inc. | 2.66% | 675,704 | $203.3M | Reduce -4.3% |
| SNX TD Synnex Corp. | 2.40% | 1,220,385 | $183.3M | Reduce -5.4% |
| ICLR Icon PLC | 2.31% | 967,961 | $176.4M | New |
| AIZ Assurant Inc. | 2.10% | 666,694 | $160.6M | Reduce -4.5% |
| WCC Wesco International Inc. | 2.08% | 651,484 | $159.4M | Reduce -4.0% |
| AMG Affiliated Managers Group | 2.08% | 551,587 | $159.0M | Reduce -4.9% |
| LAD Lithia Motors Inc. | 2.07% | 475,742 | $158.1M | Reduce -5.7% |
| ARW Arrow Electronics Inc. | 1.91% | 1,328,678 | $146.4M | Reduce -5.9% |
| GPN Global Payments Inc. | 1.84% | 1,816,760 | $140.6M | Reduce -6.1% |
| PRI Primerica Inc. | 1.83% | 541,327 | $139.9M | Reduce -4.2% |
| HSIC Henry Schein Inc. | 1.66% | 1,676,102 | $126.7M | Reduce -4.8% |
| WEX Wex Inc. | 1.51% | 773,908 | $115.3M | Reduce -6.8% |
| CNC Centene Corp. | 1.32% | 2,459,471 | $101.2M | Reduce -3.9% |
| LKQ LKQ Corp. | 1.27% | 3,207,507 | $96.9M | Reduce -6.9% |
| CNXC Concentrix Corp. | 0.65% | 1,191,702 | $49.6M | Reduce -6.8% |
| IWD iShares Russell 1000 Value E | 0.21% | 77,777 | $16.4M | Add +6082.6% |
| CCK Crown Holdings Inc. | 0.10% | 73,120 | $7.5M | Add +9.5% |
| APTV Aptiv PLC | 0.10% | 97,969 | $7.5M | Add +9.4% |
| NXPI NXP Semiconductors NV | 0.08% | 28,950 | $6.3M | Add +5.8% |
| GRAB Grab Holdings Ltd. Class A | 0.05% | 755,474 | $3.8M | New |
| NTDOY Nintendo Co. Ltd.-Unspons ADR | 0.05% | 209,177 | $3.5M | Reduce -4.2% |
Portfolio Sells Q3 2025 → Q4 2025
| LEA Lear Corp. | Sold out | 0.00% | −1.53 |
| FFIV F5 Inc. | Reduce -5.1% | 3.29% | −1.44 |
| NRG NRG Energy Inc. | Reduce -5.7% | 6.26% | −1.02 |
| NTAP Netapp Inc. | Reduce -5.9% | 3.65% | −0.97 |
| EBAY eBay Inc. | Reduce -4.8% | 4.19% | −0.76 |
| FLEX Flex Ltd. | Reduce -7.5% | 5.96% | −0.70 |
| AMP Ameriprise Financial Inc. | Reduce -5.1% | 4.62% | −0.64 |
| SNX TD Synnex Corp. | Reduce -5.4% | 2.40% | −0.58 |
| GEN Gen Digital Inc. | Reduce -4.6% | 2.90% | −0.52 |
| CI The Cigna Group | Reduce -4.4% | 2.76% | −0.50 |
| ARW Arrow Electronics Inc. | Reduce -5.9% | 1.91% | −0.49 |
| GPN Global Payments Inc. | Reduce -6.1% | 1.84% | −0.43 |
| FIS Fidelity National Info Serv | Reduce -5.0% | 3.32% | −0.41 |
| PRI Primerica Inc. | Reduce -4.2% | 1.83% | −0.38 |
| ADNT Adient PLC | Sold out | 0.00% | −0.34 |
| WEX Wex Inc. | Reduce -6.8% | 1.51% | −0.34 |
| JCI Johnson Controls Internation | Reduce -5.0% | 5.26% | −0.22 |
| LKQ LKQ Corp. | Reduce -6.9% | 1.27% | −0.22 |
| CPAY Corpay Inc. | Reduce -4.3% | 2.66% | −0.21 |
| CNXC Concentrix Corp. | Reduce -6.8% | 0.65% | −0.18 |
| LAD Lithia Motors Inc. | Reduce -5.7% | 2.07% | −0.18 |
| HCA HCA Healthcare Inc. | Reduce -5.0% | 4.37% | −0.15 |
| AIZ Assurant Inc. | Reduce -4.5% | 2.10% | −0.03 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.02 |
| NTDOY Nintendo Co. Ltd.-Unspons ADR | Reduce -4.2% | 0.05% | −0.02 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.01 |
| HSIC Henry Schein Inc. | Reduce -4.8% | 1.66% | +0.01 |
| CNC Centene Corp. | Reduce -3.9% | 1.32% | +0.04 |
| WCC Wesco International Inc. | Reduce -4.0% | 2.08% | +0.06 |
| AMG Affiliated Managers Group | Reduce -4.9% | 2.08% | +0.13 |
| AER Aercap Holdings NV | Reduce -6.5% | 5.23% | +0.16 |
| EXPE Expedia Group Inc. | Reduce -5.4% | 5.92% | +0.83 |
| AMCR Amcor PLC | Reduce -3.5% | 7.36% | +5.75 |
Portfolio Buys Q3 2025 → Q4 2025
| SSNC Ss&c Technologies Holdings | New | 2.88% | +2.88 |
| ICLR Icon PLC | New | 2.31% | +2.31 |
| IWD iShares Russell 1000 Value E | Add +6082.6% | 0.21% | +0.21 |
| GRAB Grab Holdings Ltd. Class A | New | 0.05% | +0.05 |
| CCK Crown Holdings Inc. | Add +9.5% | 0.10% | +0.01 |
| NXPI NXP Semiconductors NV | Add +5.8% | 0.08% | −0.01 |
| APTV Aptiv PLC | Add +9.4% | 0.10% | −0.01 |
| UBER Uber Technologies Inc. | Add +25.0% | 3.76% | −0.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $7.9B | FLEX, JCI, NRG, FFIV, NTAP |
| Q1 2026 | 39 | $6.6B | FLEX, JCI, NRG, AER, EXPE |
| Q4 2025 | 37 | $7.6B | AMCR, NRG, FLEX, EXPE, JCI |
| Q3 2025 | 38 | $7.1B | NRG, FLEX, JCI, AMP, EXPE |
| Q2 2025 | 38 | $6.9B | NRG, FLEX, URI, AMP, JCI |
| Q1 2025 | 38 | $6.6B | AMP, URI, NRG, AER, FIS |
| Q4 2024 | 38 | $6.8B | AMP, URI, FLEX, FIS, EXPE |
| Q3 2024 | 38 | $6.9B | URI, AMP, FIS, NRG, HCA |
| Q2 2024 | 36 | $6.2B | URI, AMP, FIS, AER, NRG |
| Q1 2024 | 36 | $6.7B | URI, AMP, FIS, CI, AER |