Rivulet Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Rivulet Capital, LLC reported 15 stock positions worth $852.3 million. Its top holding was Danaher (DHR) at 12.0% of the portfolio, followed by Canadian Pacific Kansas City (CP, 10.5%) and Workday Class A (WDAY, 10.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 2 and reduced 11. The biggest buy was a new position in Landstar System (LSTR) and the biggest sale PTC (PTC, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- PASSAIC, NJ
- CIK
- 0001566691
- Portfolio Value
- $852.3M (Q3 2025)
- SEC Filing
- 0000919574-25-006897 ↗ filed Nov 14, 2025
Holdings Value
Holdings 15 stocks · $852.3M
| DHR Danaher Corp. | 11.99% | 515,500 | $102.2M | Reduce -10.9% |
| CP Canadian Pacific Kansas City | 10.54% | 1,205,600 | $89.8M | Reduce -10.1% |
| WDAY Workday Inc. Class A | 10.26% | 363,161 | $87.4M | Reduce -7.8% |
| SBAC SBA Communications Corp. | 8.19% | 361,000 | $69.8M | Add +12.3% |
| MIDD Middleby Corp. | 8.16% | 523,029 | $69.5M | Add +11.2% |
| SGI Somnigroup International Inc. | 7.81% | 789,800 | $66.6M | Reduce -42.2% |
| MA Mastercard Inc. Class A | 7.77% | 116,450 | $66.2M | Reduce -16.9% |
| PTC PTC Inc. | 6.57% | 275,950 | $56.0M | Reduce -62.3% |
| CCC CCC Intelligent Solutions Ho | 6.50% | 6,084,995 | $55.4M | Reduce -6.2% |
| NICE Nice Ltd. - Spon ADR | 5.17% | 304,550 | $44.1M | Reduce -16.9% |
| LSTR Landstar System Inc. | 4.30% | 299,000 | $36.6M | New |
| FIS Fidelity National Info Serv | 4.08% | 527,275 | $34.8M | Reduce -43.0% |
| SSD Simpson Manufacturing Co. Inc. | 4.01% | 204,300 | $34.2M | Reduce -22.5% |
| COO The Cooper Cos Inc. | 3.80% | 472,750 | $32.4M | New |
| RUSHA Rush Enterprises Inc. Class A | 0.84% | 133,160 | $7.1M | Reduce -64.4% |
Portfolio Sells Q2 2025 → Q3 2025
| PTC PTC Inc. | Reduce -62.3% | 6.57% | −5.66 |
| FIS Fidelity National Info Serv | Reduce -43.0% | 4.08% | −3.23 |
| RXO Rxo Inc. | Sold out | 0.00% | −1.52 |
| SGI Somnigroup International Inc. | Reduce -42.2% | 7.81% | −1.21 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -64.4% | 0.84% | −1.04 |
| NICE Nice Ltd. - Spon ADR | Reduce -16.9% | 5.17% | −0.84 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -22.5% | 4.01% | +0.04 |
| MA Mastercard Inc. Class A | Reduce -16.9% | 7.77% | +0.13 |
| CP Canadian Pacific Kansas City | Reduce -10.1% | 10.54% | +0.22 |
| CCC CCC Intelligent Solutions Ho | Reduce -6.2% | 6.50% | +0.58 |
| DHR Danaher Corp. | Reduce -10.9% | 11.99% | +0.90 |
| WDAY Workday Inc. Class A | Reduce -7.8% | 10.26% | +1.08 |
Portfolio Buys Q2 2025 → Q3 2025
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 |