Route One Investment Company, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Route One Investment Company, L.P. reported 14 stock positions worth $2.2 billion. Its top holding was Guidewire Software (GWRE) at 19.2% of the portfolio, followed by Post (POST, 16.7%) and Amazon.com (AMZN, 12.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 3 and reduced 4. The biggest buy was a new position in Veeva Systems Class A (VEEV) and the biggest sale an exit from Adecoagro (AGRO).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001512171
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0000935836-25-000531 ↗ filed Aug 14, 2025
Holdings Value
Holdings 14 stocks · $2.2B
| GWRE Guidewire Software Inc. | 19.19% | 1,818,009 | $428.1M | Reduce -11.4% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 16.69% | 3,413,918 | $372.2M | Reduce -15.7% |
| AMZN Amazon.com Inc. | 12.55% | 1,276,550 | $280.1M | No change |
| SCHW Schwab (charles) Corp. | 10.29% | 2,515,343 | $229.5M | Reduce -25.4% |
| NYT New York Times Co. Class A | 9.28% | 3,699,259 | $207.1M | No change |
| UNH Unitedhealth Group Inc. | 6.58% | 470,300 | $146.7M | Add +8.0% |
| GOOG Alphabet Inc. Class C | 5.93% | 745,380 | $132.2M | No change |
| TMO Thermo Fisher Scientific Inc. | 5.33% | 293,380 | $119.0M | Add +26.2% |
| CRM Salesforce Inc. | 4.14% | 338,650 | $92.3M | No change |
| PCOR Procore Technologies Inc. | 2.82% | 918,205 | $62.8M | No change |
| HLF Herbalife Ltd. | 2.38% | 6,159,138 | $53.1M | Add +30.1% |
| VEEV Veeva Systems Inc. Class A | 2.00% | 155,100 | $44.7M | New |
| KRC Kilroy Realty Corp. | 1.54% | 1,000,900 | $34.3M | New |
| GOOGL Alphabet Inc. Class A | 1.28% | 162,360 | $28.6M | Reduce -53.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $54.4M (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 | $54.4M | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 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 |