Partners Group Holding AG
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Partners Group Holding AG reported 44 stock positions worth $2.8 billion. Its top holding was Kindercare Learning Cos (KLC) at 51.9% of the portfolio, followed by Clarivate (CLVT, 4.7%) and Apollo Global Management (APO, 3.3%). Compared with Q3 2024, it opened 4 new positions, sold out of 1, added to 4 and reduced 27. The biggest buy was a new position in Kindercare Learning Cos (KLC) and the biggest sale an exit from Nuvve.
- Most Recent 13F
- Q2 2026
- Location
- BAAR-ZUG, V8
- CIK
- 0001534259
- Portfolio Value
- $2.8B (Q4 2024)
- SEC Filing
- 0001213900-25-012117 ↗ filed Feb 11, 2025
Holdings Value
Holdings 44 stocks · $2.8B
| KLC Kindercare Learning Cos Inc. | 51.88% | 81,418,736 | $1.4B | New |
| CLVT Clarivate PLC | 4.65% | 25,583,059 | $130.0M | No change |
| APO Apollo Global Management Inc. | 3.31% | 559,400 | $92.4M | Reduce -27.9% |
| AMT American Tower Corp. | 2.49% | 378,592 | $69.4M | Add +8.3% |
| UNP Union Pacific Corp. | 2.13% | 260,524 | $59.4M | Reduce -2.7% |
| RSG Republic Services Inc. | 2.01% | 279,467 | $56.2M | Reduce -19.7% |
| AWK American Water Works Co. Inc. | 2.00% | 449,308 | $55.9M | Reduce -2.4% |
| KKR KKR & Co. Inc. | 1.98% | 373,052 | $55.2M | Reduce -32.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.78% | 4,796,686 | $49.7M | New |
| BX Blackstone Inc. | 1.65% | 267,129 | $46.1M | Reduce -21.9% |
| ARES Ares Management Corp. Class A | 1.59% | 251,558 | $44.5M | Reduce -8.6% |
| EQIX Equinix Inc. | 1.58% | 46,819 | $44.1M | Reduce -13.5% |
| CMS CMS Energy Corp. | 1.57% | 657,749 | $43.8M | Reduce -10.4% |
| WMB Williams Cos Inc. | 1.52% | 785,177 | $42.5M | No change |
| CNI Canadian Natl Railway Co. | 1.46% | 401,641 | $40.8M | Reduce -1.1% |
| ATO Atmos Energy Corp. | 1.38% | 276,912 | $38.6M | Reduce -15.8% |
| CSX CSX Corp. | 1.37% | 1,182,160 | $38.1M | Reduce -3.0% |
| WM Waste Management Inc. | 1.30% | 179,361 | $36.2M | Add +50.0% |
| ARCC Ares Capital Corp. | 1.25% | 1,596,590 | $34.9M | Reduce -10.7% |
| FER Ferrovial NV | 1.20% | 795,729 | $33.6M | Reduce -5.9% |
| SBAC SBA Communications Corp. | 1.08% | 148,175 | $30.2M | Reduce -5.0% |
| BN Brookfield Corp. | 1.04% | 507,166 | $29.1M | Add +23.9% |
| TRP TC Energy Corp. | 1.02% | 608,451 | $28.4M | Reduce -28.0% |
| ADT Adt Inc. | 0.99% | 4,015,484 | $27.7M | Reduce -13.2% |
| GBDC Golub Capital BDC Inc. | 0.99% | 1,820,480 | $27.6M | Reduce -8.7% |
| CCI Crown Castle Inc. | 0.97% | 298,970 | $27.1M | Reduce -14.0% |
| SRE Sempra | 0.80% | 255,987 | $22.5M | Reduce -16.0% |
| TPG TPG Inc. | 0.78% | 345,254 | $21.7M | Add +3.8% |
| GB Global Blue Group Holding AG | 0.69% | 2,771,206 | $19.2M | No change |
| OWL Blue Owl Capital Inc. | 0.65% | 781,132 | $18.2M | New |
| ODFL Old Dominion Freight Line | 0.64% | 101,742 | $17.9M | Reduce -13.0% |
| CG The Carlyle Group Inc. | 0.62% | 340,523 | $17.2M | Reduce -21.9% |
| ENB Enbridge Inc. | 0.46% | 299,472 | $12.7M | Reduce -21.2% |
| ARCB Arcbest Corp. | 0.26% | 78,713 | $7.3M | Reduce -10.4% |
| LTH Life Time Group Holdings Inc. | 0.22% | 277,777 | $6.1M | No change |
| KMI Kinder Morgan Inc. | 0.21% | 214,627 | $5.9M | Reduce -25.4% |
| FSK FS KKR Capital Corp. | 0.21% | 267,807 | $5.8M | No change |
| OBDC Blue Owl Capital Corp. | 0.18% | 336,852 | $5.1M | No change |
| NEUE Neuehealth Inc. | 0.02% | 88,645 | $658K | No change |
| EPD Enterprise Products Partners | 0.02% | 16,657 | $522K | Reduce -13.7% |
| FTS Fortis Inc. | 0.02% | 12,364 | $514K | No change |
| S Sentinelone Inc. Class A | 0.02% | 22,841 | $507K | New |
| ET Energy Transfer LP | 0.02% | 24,342 | $477K | Reduce -11.7% |
| PBA Pembina Pipeline Corp. | 0.01% | 9,270 | $343K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| NUVVE HOLDING CORP | Sold out | 0.00% | −5.55 |
| APO Apollo Global Management Inc. | Reduce -27.9% | 3.31% | −2.93 |
| KKR KKR & Co. Inc. | Reduce -32.9% | 1.98% | −2.70 |
| CNI Canadian Natl Railway Co. | Reduce -1.1% | 1.46% | −2.68 |
| RSG Republic Services Inc. | Reduce -19.7% | 2.01% | −2.49 |
| AWK American Water Works Co. Inc. | Reduce -2.4% | 2.00% | −2.34 |
| UNP Union Pacific Corp. | Reduce -2.7% | 2.13% | −2.12 |
| CMS CMS Energy Corp. | Reduce -10.4% | 1.57% | −1.77 |
| BX Blackstone Inc. | Reduce -21.9% | 1.65% | −1.72 |
| CCI Crown Castle Inc. | Reduce -14.0% | 0.97% | −1.68 |
| ATO Atmos Energy Corp. | Reduce -15.8% | 1.38% | −1.56 |
| EQIX Equinix Inc. | Reduce -13.5% | 1.58% | −1.51 |
| CSX CSX Corp. | Reduce -3.0% | 1.37% | −1.34 |
| SBAC SBA Communications Corp. | Reduce -5.0% | 1.08% | −1.34 |
| TRP TC Energy Corp. | Reduce -28.0% | 1.02% | −1.33 |
| ARES Ares Management Corp. Class A | Reduce -8.6% | 1.59% | −1.17 |
| ADT Adt Inc. | Reduce -13.2% | 0.99% | −1.16 |
| ARCC Ares Capital Corp. | Reduce -10.7% | 1.25% | −1.16 |
| GBDC Golub Capital BDC Inc. | Reduce -8.7% | 0.99% | −0.95 |
| FER Ferrovial NV | Reduce -5.9% | 1.20% | −0.90 |
| ODFL Old Dominion Freight Line | Reduce -13.0% | 0.64% | −0.85 |
| SRE Sempra | Reduce -16.0% | 0.80% | −0.84 |
| CG The Carlyle Group Inc. | Reduce -21.9% | 0.62% | −0.59 |
| ENB Enbridge Inc. | Reduce -21.2% | 0.46% | −0.53 |
| ARCB Arcbest Corp. | Reduce -10.4% | 0.26% | −0.35 |
| KMI Kinder Morgan Inc. | Reduce -25.4% | 0.21% | −0.20 |
| EPD Enterprise Products Partners | Reduce -13.7% | 0.02% | −0.02 |
| ET Energy Transfer LP | Reduce -11.7% | 0.02% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| KLC Kindercare Learning Cos Inc. | New | 51.88% | +51.88 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.78% | +1.78 |
| OWL Blue Owl Capital Inc. | New | 0.65% | +0.65 |
| S Sentinelone Inc. Class A | New | 0.02% | +0.02 |
| WM Waste Management Inc. | Add +50.0% | 1.30% | −0.30 |
| BN Brookfield Corp. | Add +23.9% | 1.04% | −0.36 |
| TPG TPG Inc. | Add +3.8% | 0.78% | −0.46 |
| AMT American Tower Corp. | Add +8.3% | 2.49% | −2.75 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 52 | $1.5B | KLC, APO, ARES, CLVT, BN |
| Q1 2026 | 50 | $1.4B | KLC, APO, CLVT, ARES, BN |
| Q4 2025 | 49 | $1.5B | KLC, CLARIVATE PLC, APO, ARES, BN |
| Q3 2025 | 38 | $1.8B | KLC, CLARIVATE PLC, APO, NU, BN |
| Q2 2025 | 40 | $2.1B | KLC, CLARIVATE PLC, APO, AMT, ARES |
| Q1 2025 | 43 | $2.4B | KLC, CLARIVATE PLC, APO, AMT, AWK |
| Q4 2024 | 44 | $2.8B | KLC, CLVT, APO, AMT, UNP |
| Q3 2024 | 41 | $1.6B | CLVT, APO, NUVVE HOLDING CORP, AMT, KKR |
| Q2 2024 | 46 | $1.3B | CLVT, AON, NU, APO, AMT |
| Q1 2024 | 47 | $1.1B | CLARIVATE PLC, NU, AMT, KKR, APO |