North Peak Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), North Peak Capital Management, LLC reported 8 stock positions worth $1.3 billion. Its top holding was Hilton Grand Vacations (HGV) at 22.2% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 19.6%) and Schwab (charles) (SCHW, 15.0%). Compared with Q1 2025, it opened 3 new positions, sold out of 2, added to 3 and reduced 2. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale an exit from Workday Class A (WDAY).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001747888
Portfolio Value
$1.3B (Q2 2025)
SEC Filing
0001213900-25-075395 ↗ filed Aug 13, 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 Q1 2025 Q2 2025: $1.3B $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 8 stocks · $1.3B
HGV Hilton Grand Vacations Inc. 22.21% 6,810,126 $282.8M Add +11.3%
RSP Invesco S&P 500 Equal Weight 19.61% 1,374,131 $249.7M New
SCHW Schwab (charles) Corp. 15.01% 2,095,620 $191.2M Reduce -0.6%
ELV Elevance Health Inc. 12.27% 401,670 $156.2M Add +40.3%
DRVN Driven Brands Holdings Inc. 9.82% 7,123,075 $125.1M Add +9.0%
CVNA Carvana Co. 9.64% 364,535 $122.8M Reduce -10.4%
GLBE Global-E Online Ltd. 6.95% 2,638,088 $88.5M New
PEGA Pegasystems Inc. 4.49% 1,056,961 $57.2M New

Portfolio Sells Q1 2025 → Q2 2025
WDAY Workday Inc. Class A Sold out 0.00% −8.51
SCHW Schwab (charles) Corp. Reduce -0.6% 15.01% −5.39
MDB Mongodb Inc. Sold out 0.00% −3.08
CVNA Carvana Co. Reduce -10.4% 9.64% −0.87

Portfolio Buys Q1 2025 → Q2 2025
RSP Invesco S&P 500 Equal Weight New 19.61% +19.61
GLBE Global-E Online Ltd. New 6.95% +6.95
PEGA Pegasystems Inc. New 4.49% +4.49
ELV Elevance Health Inc. Add +40.3% 12.27% −3.12
DRVN Driven Brands Holdings Inc. Add +9.0% 9.82% −4.02
HGV Hilton Grand Vacations Inc. Add +11.3% 22.21% −6.07

Options Activity Q1 2025 → Q2 2025
RSP Invesco S&P 500 Equal Weight put Sold out 1,079,131 $186.9Mbefore exit

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