Pathway Capital Management, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Pathway Capital Management, LP reported 10 stock positions worth $91.3 million. Its top holding was Rubrik Class A (RBRK) at 63.1% of the portfolio, followed by Toast Class A (TOST, 12.0%) and Servicetitan Class A (TTAN, 7.5%). Compared with Q1 2025, it opened 7 new positions, sold out of 2, added to 1 and reduced 1. The biggest buy was a new position in Rubrik Class A (RBRK) and the biggest sale an exit from Tempus AI Class A (TEM).
- Most Recent 13F
- Q2 2026
- Location
- Irvine, CA
- CIK
- 0001037353
- Portfolio Value
- $91.3M (Q2 2025)
- SEC Filing
- 0001214659-25-011423 ↗ filed Aug 4, 2025
Holdings Value
Holdings 10 stocks · $91.3M
| RBRK Rubrik Inc. Class A | 63.11% | 643,199 | $57.6M | New |
| TOST Toast Inc. Class A | 11.96% | 246,582 | $10.9M | New |
| TTAN Servicetitan Inc. Class A | 7.51% | 64,019 | $6.9M | New |
| BRZE Braze Inc. Class A | 5.27% | 171,289 | $4.8M | New |
| CXM Sprinklr Inc. Class A | 5.06% | 546,223 | $4.6M | New |
| GDRX Goodrx Holdings Inc. Class A | 3.18% | 583,437 | $2.9M | New |
| AMPL Amplitude Inc. Class A | 2.94% | 216,386 | $2.7M | Add +28.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.54% | 36,264 | $498K | Reduce -49.4% |
| ABNB Airbnb Inc. Class A | 0.33% | 2,266 | $300K | New |
| NEUE Neuehealth Inc. | 0.08% | 11,201 | $77K | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| RBRK Rubrik Inc. Class A | New | 63.11% | +63.11 |
| TOST Toast Inc. Class A | New | 11.96% | +11.96 |
| TTAN Servicetitan Inc. Class A | New | 7.51% | +7.51 |
| BRZE Braze Inc. Class A | New | 5.27% | +5.27 |
| CXM Sprinklr Inc. Class A | New | 5.06% | +5.06 |
| GDRX Goodrx Holdings Inc. Class A | New | 3.18% | +3.18 |
| ABNB Airbnb Inc. Class A | New | 0.33% | +0.33 |
| AMPL Amplitude Inc. Class A | Add +28.4% | 2.94% | −6.96 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4 | $23.9M | RBRK, HOOD, TTAN, BLND |
| Q1 2026 | 2 | $4.3M | LQDA, ETOR |
| Q4 2025 | 5 | $7.8M | BRZE, TTAN, NOW, ETOR, ABNB |
| Q3 2025 | 7 | $20.3M | HIMS, ACLX, GDRX, CRSP, PDD |
| Q2 2025 | 10 | $91.3M | RBRK, TOST, TTAN, BRZE, CXM |
| Q1 2025 | 5 | $17.3M | TEM, VRNA, AMPL, NU, NEUE |
| Q4 2024 | 9 | $100.2M | SPOT, WEAV, S, HOOD, LZ |
| Q3 2024 | 5 | $52.9M | RBRK, SPOT, WEAV, CFLT, NEUE |
| Q2 2024 | 4 | $63.4M | AON, SPOT, DELL, NEUE |
| Q1 2024 | 10 | $107.3M | NFLX, SPOT, NU, TOST, HIMS |