Route One Investment Company, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Route One Investment Company, L.P. reported 13 stock positions worth $2.3 billion. Its top holding was Post (POST) at 20.1% of the portfolio, followed by Guidewire Software (GWRE, 16.4%) and Schwab (charles) (SCHW, 11.3%). Compared with Q4 2024, it added to 3 and reduced 7. The biggest buy was Schwab (charles) (SCHW, shares +3%) and the biggest sale Salesforce (CRM, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001512171
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0000935836-25-000376 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $2.3B
| POST Post Holdings Inc. filed as POST HLDGS INC | 20.07% | 4,048,439 | $471.1M | Reduce -3.0% |
| GWRE Guidewire Software Inc. | 16.37% | 2,051,430 | $384.4M | Reduce -8.9% |
| SCHW Schwab (charles) Corp. | 11.25% | 3,373,943 | $264.1M | Add +3.0% |
| AMZN Amazon.com Inc. | 10.35% | 1,276,550 | $242.9M | Reduce -11.0% |
| UNH Unitedhealth Group Inc. | 9.72% | 435,600 | $228.1M | No change |
| NYT New York Times Co. Class A | 7.82% | 3,699,259 | $183.5M | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 4.96% | 745,380 | $116.5M | Reduce -12.3% |
| TMO Thermo Fisher Scientific Inc. | 4.93% | 232,430 | $115.7M | No change |
| AGRO Adecoagro SA | 4.05% | 8,511,838 | $95.1M | Reduce -4.4% |
| CRM Salesforce Inc. | 3.87% | 338,650 | $90.9M | Reduce -37.0% |
| PCOR Procore Technologies Inc. | 2.58% | 918,205 | $60.6M | Add +64.8% |
| GOOGL Alphabet Inc. Class A | 2.29% | 346,960 | $53.7M | No change |
| HLF Herbalife Ltd. | 1.74% | 4,735,388 | $40.9M | Add +14.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $51.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 59,525,000 | $51.4M | No change |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q4 2024 → Q1 2025
| CRM Salesforce Inc. | Reduce -37.0% | 3.87% | −3.27 |
| AMZN Amazon.com Inc. | Reduce -11.0% | 10.35% | −2.18 |
| GOOG Alphabet Inc. Class C | Reduce -12.3% | 4.96% | −1.48 |
| NYT New York Times Co. Class A | Reduce -2.5% | 7.82% | −0.04 |
| AGRO Adecoagro SA | Reduce -4.4% | 4.05% | +0.71 |
| POST Post Holdings Inc. | Reduce -3.0% | 20.07% | +1.06 |
| GWRE Guidewire Software Inc. | Reduce -8.9% | 16.37% | +1.28 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $2.4B | POST, AMZN, GWRE, GOOG, UNH |
| Q1 2026 | 18 | $2.3B | POST, GWRE, AMZN, NYT, GOOG |
| Q4 2025 | 15 | $2.4B | GWRE, POST, AMZN, GOOG, NYT |
| Q3 2025 | 16 | $2.5B | GWRE, POST, AMZN, SCHW, NYT |
| Q2 2025 | 14 | $2.2B | GWRE, POST, AMZN, SCHW, NYT |
| Q1 2025 | 13 | $2.3B | POST, GWRE, SCHW, AMZN, UNH |
| Q4 2024 | 13 | $2.5B | POST, GWRE, AMZN, SCHW, UNH |
| Q3 2024 | 15 | $2.8B | GWRE, POST, AMZN, UNH, SCHW |
| Q2 2024 | 15 | $2.6B | POST, GWRE, AMZN, UNH, GOOG |
| Q1 2024 | 16 | $2.5B | POST, GWRE, AMZN, UNH, CRM |