North Peak Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), North Peak Capital Management, LLC reported 7 stock positions worth $809.2 million. Its top holding was Hilton Grand Vacations (HGV) at 28.3% of the portfolio, followed by Schwab (charles) (SCHW, 20.4%) and Elevance Health (ELV, 15.4%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 5 and reduced 1. The biggest buy was Elevance Health (ELV, shares +47%) and the biggest sale an exit from Meta Platforms Class A (META).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001747888
Portfolio Value
$809.2M (Q1 2025)
SEC Filing
0001213900-25-043059 ↗ filed May 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $899.8M Q1 2024 Q2 2024: $851.4M Q2 2024 Q3 2024: $711.3M Q3 2024 Q4 2024: $754.9M Q4 2024 Q1 2025: $809.2M $809.2M Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $880.7M Q3 2025 Q4 2025: $913.5M Q4 2025 Q1 2026: $601.3M Q1 2026 Q2 2026: $900.0M Q2 2026

Holdings 7 stocks · $809.2M
HGV Hilton Grand Vacations Inc. 28.28% 6,116,631 $228.8M Add +6.0%
SCHW Schwab (charles) Corp. 20.40% 2,108,769 $165.1M Add +13.5%
ELV Elevance Health Inc. 15.38% 286,210 $124.5M Add +47.1%
DRVN Driven Brands Holdings Inc. 13.84% 6,533,519 $112.0M Add +13.5%
CVNA Carvana Co. 10.52% 406,982 $85.1M Add +85.0%
WDAY Workday Inc. Class A 8.51% 294,717 $68.8M Reduce -29.8%
MDB Mongodb Inc. 3.08% 142,175 $24.9M New

Options reported separately and not counted above: RSP puts ($186.9M).

Portfolio Sells Q4 2024 → Q1 2025
META Meta Platforms Inc. Class A Sold out 0.00% −9.93
WDAY Workday Inc. Class A Reduce -29.8% 8.51% −5.85

Portfolio Buys Q4 2024 → Q1 2025
ELV Elevance Health Inc. Add +47.1% 15.38% +5.87
CVNA Carvana Co. Add +85.0% 10.52% +4.59
MDB Mongodb Inc. New 3.08% +3.08
SCHW Schwab (charles) Corp. Add +13.5% 20.40% +2.19
DRVN Driven Brands Holdings Inc. Add +13.5% 13.84% +1.53
HGV Hilton Grand Vacations Inc. Add +6.0% 28.28% −1.48

Options Activity Q4 2024 → Q1 2025
RSP Invesco S&P 500 Equal Weight put New 1,079,131 $186.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$900.0MHGV, AGL, SCHW, CVNA, SE
Q1 2026 7$601.3MHGV, CVNA, SCHW, DRVN, HAE
Q4 2025 9$913.5MHGV, CVNA, PEGA, SCHW, HAE
Q3 2025 8$880.7MHGV, CVNA, SCHW, PEGA, ELV
Q2 2025 8$1.3BHGV, RSP, SCHW, ELV, DRVN
Q1 2025 7$809.2MHGV, SCHW, ELV, DRVN, CVNA
Q4 2024 7$754.9MHGV, SCHW, WDAY, DRVN, META
Q3 2024 7$711.3MHGV, WDAY, SCHW, DRVN, FROG
Q2 2024 8$851.4MHGV, SMAR, SCHW, WDAY, DRVN
Q1 2024 8$899.8MHGV, WDAY, SMAR, SCHW, LPLA