MSD Capital, L.P.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), MSD Capital, L.P. reported 3 stock positions worth $103.7 million. Its top holding was Safehold (SAFE) at 86.4% of the portfolio, followed by Hayward (HAYW, 8.9%) and Townsquare Media Class A (TSQ, 4.7%). Compared with Q2 2025, it reduced 1. The biggest sale was Hayward (HAYW, shares −86%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001105497
Portfolio Value
$103.7M (Q3 2025)
SEC Filing
0001104659-25-112564 ↗ filed Nov 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $317.3M Q1 2024 Q2 2024: $348.4M Q2 2024 Q3 2024: $598.3M Q3 2024 Q4 2024: $183.2M Q4 2024 Q1 2025: $177.7M Q1 2025 Q2 2025: $154.9M Q2 2025 Q3 2025: $103.7M $103.7M Q3 2025 Q4 2025: $88.8M Q4 2025 Q1 2026: $87.3M Q1 2026 Q2 2026: $101.8M Q2 2026

Holdings 3 stocks · $103.7M
SAFE Safehold Inc. 86.42% 5,782,745 $89.6M No change
HAYW Hayward Holdings Inc. 8.87% 608,062 $9.2M Reduce -85.8%
TSQ Townsquare Media Inc. Class A 4.71% 727,024 $4.9M No change

Portfolio Sells Q2 2025 → Q3 2025
HAYW Hayward Holdings Inc. Reduce -85.8% 8.87% −29.32

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$101.8MSAFE, HAYW, TSQ
Q1 2026 3$87.3MSAFE, HAYW, TSQ
Q4 2025 3$88.8MSAFE, HAYW, TSQ
Q3 2025 3$103.7MSAFE, HAYW, TSQ
Q2 2025 3$154.9MSAFE, HAYW, TSQ
Q1 2025 3$177.7MSAFE, HAYW, TSQ
Q4 2024 3$183.2MSAFE, HAYW, TSQ
Q3 2024 4$598.3MHAYW, SAFE, TSQ, LTH
Q2 2024 3$348.4MLTH, SAFE, TSQ
Q1 2024 3$317.3MLTH, SAFE, TSQ