Rivulet Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Rivulet Capital, LLC reported 12 stock positions worth $966.5 million. Its top holding was Workday Class A (WDAY) at 15.2% of the portfolio, followed by SBA Communications (SBAC, 11.3%) and PTC (PTC, 11.1%). Compared with Q3 2024, it opened 2 new positions, sold out of 4, added to 1 and reduced 9. The biggest buy was a new position in Danaher (DHR) and the biggest sale an exit from Canadian Natl Railway (CNI).
- Most Recent 13F
- Q2 2026
- Location
- PASSAIC, NJ
- CIK
- 0001566691
- Portfolio Value
- $966.5M (Q4 2024)
- SEC Filing
- 0000919574-25-001270 ↗ filed Feb 14, 2025
Holdings Value
Holdings 12 stocks · $966.5M
| WDAY Workday Inc. Class A | 15.19% | 569,100 | $146.8M | Reduce -7.0% |
| SBAC SBA Communications Corp. | 11.26% | 533,900 | $108.8M | Reduce -10.2% |
| PTC PTC Inc. | 11.10% | 583,700 | $107.3M | Reduce -19.2% |
| MA Mastercard Inc. Class A | 10.90% | 200,000 | $105.3M | Reduce -35.5% |
| MIDD Middleby Corp. | 8.90% | 635,000 | $86.0M | Add +39.9% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 8.36% | 1,424,650 | $80.8M | Reduce -15.6% |
| NICE Nice Ltd. - Spon ADR | 8.14% | 463,250 | $78.7M | Reduce -24.8% |
| DHR Danaher Corp. | 7.36% | 310,000 | $71.2M | New |
| FIS Fidelity National Info Serv | 6.31% | 755,000 | $61.0M | Reduce -30.2% |
| ATR Aptargroup Inc. | 6.26% | 385,000 | $60.5M | Reduce -38.0% |
| FISV Fiserv Inc. | 3.19% | 150,000 | $30.8M | Reduce -62.6% |
| CCC CCC Intelligent Solutions Ho | 3.03% | 2,500,000 | $29.3M | New |
Portfolio Sells Q3 2024 → Q4 2024
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −7.23 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −5.46 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −3.95 |
| FISV Fiserv Inc. | Reduce -62.6% | 3.19% | −2.14 |
| NEOG Neogen Corp. | Sold out | 0.00% | −2.09 |
| ATR Aptargroup Inc. | Reduce -38.0% | 6.26% | −1.08 |
| MA Mastercard Inc. Class A | Reduce -35.5% | 10.90% | −0.40 |
| FIS Fidelity National Info Serv | Reduce -30.2% | 6.31% | −0.38 |
| NICE Nice Ltd. - Spon ADR | Reduce -24.8% | 8.14% | +0.24 |
| SBAC SBA Communications Corp. | Reduce -10.2% | 11.26% | +0.69 |
| PTC PTC Inc. | Reduce -19.2% | 11.10% | +1.47 |
| SGI Somnigroup International Inc. | Reduce -15.6% | 8.36% | +1.55 |
| WDAY Workday Inc. Class A | Reduce -7.0% | 15.19% | +4.15 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 3 | $91.2M | MA, PTC, WDAY |
| Q3 2025 | 15 | $852.3M | DHR, CP, WDAY, SBAC, MIDD |
| Q2 2025 | 14 | $1.0B | PTC, DHR, CP, WDAY, SGI |
| Q1 2025 | 13 | $1.0B | WDAY, PTC, SBAC, DHR, SGI |
| Q4 2024 | 12 | $966.5M | WDAY, SBAC, PTC, MA, MIDD |
| Q3 2024 | 14 | $1.4B | MA, WDAY, SBAC, PTC, NICE |
| Q2 2024 | 14 | $1.4B | MA, WDAY, NICE, ATR, PTC |
| Q1 2024 | 16 | $2.0B | NICE, ATR, MA, PTC, FISV |