North Peak Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), North Peak Capital Management, LLC reported 9 stock positions worth $913.5 million. Its top holding was Hilton Grand Vacations (HGV) at 25.3% of the portfolio, followed by Carvana (CVNA, 18.0%) and Pegasystems (PEGA, 15.7%). Compared with Q3 2025, it opened 1 new position, added to 4 and reduced 4. The biggest buy was Haemonetics (HAE, shares +204%) and the biggest sale Elevance Health (ELV, shares −45%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001747888
Portfolio Value
$913.5M (Q4 2025)
SEC Filing
0001213900-26-015983 ↗ filed Feb 13, 2026

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 Q2 2025 Q3 2025: $880.7M Q3 2025 Q4 2025: $913.5M $913.5M Q4 2025 Q1 2026: $601.3M Q1 2026 Q2 2026: $900.0M Q2 2026

Holdings 9 stocks · $913.5M
HGV Hilton Grand Vacations Inc. 25.34% 5,171,995 $231.4M Reduce -6.7%
CVNA Carvana Co. 18.02% 390,023 $164.6M Reduce -18.3%
PEGA Pegasystems Inc. 15.69% 2,400,065 $143.3M Add +2.3%
SCHW Schwab (charles) Corp. 13.50% 1,234,682 $123.4M Reduce -22.6%
HAE Haemonetics Corp. 9.68% 1,102,992 $88.4M Add +204.4%
DRVN Driven Brands Holdings Inc. 6.47% 3,990,850 $59.1M Add +37.3%
ELV Elevance Health Inc. 5.33% 138,991 $48.7M Reduce -45.0%
SE Sea Ltd.-ADR 3.09% 221,599 $28.3M New
AGL Agilon Health Inc. 2.88% 38,139,937 $26.3M Add +10.8%

Options reported separately and not counted above: RSP puts ($263.2M).

Portfolio Sells Q3 2025 → Q4 2025
ELV Elevance Health Inc. Reduce -45.0% 5.33% −3.94
SCHW Schwab (charles) Corp. Reduce -22.6% 13.50% −3.78
CVNA Carvana Co. Reduce -18.3% 18.02% −2.43
HGV Hilton Grand Vacations Inc. Reduce -6.7% 25.34% −0.99

Portfolio Buys Q3 2025 → Q4 2025
HAE Haemonetics Corp. Add +204.4% 9.68% +7.67
SE Sea Ltd.-ADR New 3.09% +3.09
DRVN Driven Brands Holdings Inc. Add +37.3% 6.47% +1.16
PEGA Pegasystems Inc. Add +2.3% 15.69% +0.37
AGL Agilon Health Inc. Add +10.8% 2.88% −1.15

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