Rivulet Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Rivulet Capital, LLC reported 13 stock positions worth $1.0 billion. Its top holding was Workday Class A (WDAY) at 11.9% of the portfolio, followed by PTC (PTC, 11.8%) and SBA Communications (SBAC, 11.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 4 and reduced 6. The biggest buy was a new position in Canadian Pacific Kansas City (CP) and the biggest sale an exit from Aptargroup (ATR).
- Most Recent 13F
- Q2 2026
- Location
- PASSAIC, NJ
- CIK
- 0001566691
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0000919574-25-003093 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $1.0B
| WDAY Workday Inc. Class A | 11.89% | 520,050 | $121.4M | Reduce -8.6% |
| PTC PTC Inc. | 11.84% | 780,350 | $120.9M | Add +33.7% |
| SBAC SBA Communications Corp. | 11.13% | 516,750 | $113.7M | Reduce -3.2% |
| DHR Danaher Corp. | 10.55% | 525,600 | $107.7M | Add +69.5% |
| SGI Somnigroup International Inc. | 10.19% | 1,739,000 | $104.1M | Add +22.1% |
| MA Mastercard Inc. Class A | 8.85% | 164,900 | $90.4M | Reduce -17.6% |
| CP Canadian Pacific Kansas City | 8.37% | 1,217,550 | $85.5M | New |
| MIDD Middleby Corp. | 7.84% | 527,220 | $80.1M | Reduce -17.0% |
| NICE Nice Ltd. - Spon ADR | 5.41% | 358,450 | $55.3M | Reduce -22.6% |
| FIS Fidelity National Info Serv | 5.21% | 712,500 | $53.2M | Reduce -5.6% |
| CCC CCC Intelligent Solutions Ho | 3.93% | 4,449,700 | $40.2M | Add +78.0% |
| CNI Canadian Natl Railway Co. | 3.40% | 356,600 | $34.8M | New |
| RXO Rxo Inc. | 1.40% | 750,000 | $14.3M | New |
Portfolio Sells Q4 2024 → Q1 2025
| ATR Aptargroup Inc. | Sold out | 0.00% | −6.26 |
| WDAY Workday Inc. Class A | Reduce -8.6% | 11.89% | −3.31 |
| FISV Fiserv Inc. | Sold out | 0.00% | −3.19 |
| NICE Nice Ltd. - Spon ADR | Reduce -22.6% | 5.41% | −2.73 |
| MA Mastercard Inc. Class A | Reduce -17.6% | 8.85% | −2.05 |
| FIS Fidelity National Info Serv | Reduce -5.6% | 5.21% | −1.10 |
| MIDD Middleby Corp. | Reduce -17.0% | 7.84% | −1.06 |
| SBAC SBA Communications Corp. | Reduce -3.2% | 11.13% | −0.13 |
Portfolio Buys Q4 2024 → Q1 2025
| CP Canadian Pacific Kansas City | New | 8.37% | +8.37 |
| CNI Canadian Natl Railway Co. | New | 3.40% | +3.40 |
| DHR Danaher Corp. | Add +69.5% | 10.55% | +3.18 |
| SGI Somnigroup International Inc. | Add +22.1% | 10.19% | +1.84 |
| RXO Rxo Inc. | New | 1.40% | +1.40 |
| CCC CCC Intelligent Solutions Ho | Add +78.0% | 3.93% | +0.90 |
| PTC PTC Inc. | Add +33.7% | 11.84% | +0.73 |
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 |