Sea Cliff Partners Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Sea Cliff Partners Management, LP reported 15 stock positions worth $288.3 million. Its top holding was Brightspring Health Services (BTSG) at 10.3% of the portfolio, followed by Udemy (UDMY, 9.6%) and JBT Marel (JBTM, 8.9%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 5 and reduced 8. The biggest buy was Brightspring Health Services (BTSG, shares +49%) and the biggest sale N-Able (NABL, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0002011655
- Portfolio Value
- $288.3M (Q4 2024)
- SEC Filing
- 0001420506-25-000482 ↗ filed Feb 14, 2025
Holdings Value
Holdings 15 stocks · $288.3M
| BTSG Brightspring Health Services | 10.25% | 1,735,150 | $29.5M | Add +49.1% |
| UDMY Udemy Inc. | 9.56% | 3,349,839 | $27.6M | Reduce -13.9% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 8.91% | 202,000 | $25.7M | Reduce -7.2% |
| HXL Hexcel Corp. | 8.00% | 368,000 | $23.1M | Add +6.5% |
| AZEK The Azek Co. Inc. | 7.90% | 480,000 | $22.8M | Reduce -9.9% |
| GDDY GoDaddy Inc. Class A | 7.39% | 108,000 | $21.3M | Reduce -1.8% |
| COTY Coty Inc. Class A | 6.87% | 2,844,612 | $19.8M | Reduce -4.4% |
| TNET Trinet Group Inc. | 6.78% | 215,439 | $19.6M | Add +39.0% |
| NICE Nice Ltd. - Spon ADR | 6.48% | 110,000 | $18.7M | Reduce -34.3% |
| OKTA Okta Inc. | 6.29% | 230,000 | $18.1M | Add +30.7% |
| PLAY Dave & Buster's Entertainmen | 5.42% | 535,000 | $15.6M | Reduce -20.9% |
| MTCH Match Group Inc. | 5.37% | 473,129 | $15.5M | Add +83.4% |
| CNM Core & Main Inc. Class A | 4.06% | 230,000 | $11.7M | New |
| NABL N-Able Inc. | 3.48% | 1,072,790 | $10.0M | Reduce -53.4% |
| EVH Evolent Health Inc. Class A | 3.24% | 830,000 | $9.3M | New |
Portfolio Sells Q3 2024 → Q4 2024
| NABL N-Able Inc. | Reduce -53.4% | 3.48% | −6.59 |
| WCC Wesco International Inc. | Sold out | 0.00% | −4.22 |
| NICE Nice Ltd. - Spon ADR | Reduce -34.3% | 6.48% | −3.26 |
| COTY Coty Inc. Class A | Reduce -4.4% | 6.87% | −2.50 |
| PLAY Dave & Buster's Entertainmen | Reduce -20.9% | 5.42% | −2.30 |
| ETWO E2OPEN Parent Holdings Inc. | Sold out | 0.00% | −2.25 |
| AZEK The Azek Co. Inc. | Reduce -9.9% | 7.90% | −0.45 |
| UDMY Udemy Inc. | Reduce -13.9% | 9.56% | −0.14 |
| GDDY GoDaddy Inc. Class A | Reduce -1.8% | 7.39% | +1.61 |
| JBTM JBT Marel Corp. | Reduce -7.2% | 8.91% | +1.71 |
Portfolio Buys Q3 2024 → Q4 2024
| BTSG Brightspring Health Services | Add +49.1% | 10.25% | +4.52 |
| CNM Core & Main Inc. Class A | New | 4.06% | +4.06 |
| EVH Evolent Health Inc. Class A | New | 3.24% | +3.24 |
| MTCH Match Group Inc. | Add +83.4% | 5.37% | +2.09 |
| OKTA Okta Inc. | Add +30.7% | 6.29% | +1.90 |
| TNET Trinet Group Inc. | Add +39.0% | 6.78% | +1.74 |
| HXL Hexcel Corp. | Add +6.5% | 8.00% | +0.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $225.5M | BTSG, LTH, WCC, OKTA, JHX |
| Q1 2026 | 13 | $193.7M | BTSG, WCC, LTH, OKTA, ITGR |
| Q4 2025 | 13 | $237.3M | BTSG, WCC, PLNT, HXL, JHX |
| Q3 2025 | 15 | $261.4M | BTSG, PLNT, UDMY, CWAN, OKTA |
| Q2 2025 | 15 | $293.3M | BTSG, JHX, HXL, UDMY, PTC |
| Q1 2025 | 15 | $278.4M | BTSG, UDMY, AZEK, GDDY, HXL |
| Q4 2024 | 15 | $288.3M | BTSG, UDMY, JBTM, HXL, AZEK |
| Q3 2024 | 15 | $298.3M | NABL, NICE, UDMY, COTY, AZEK |
| Q2 2024 | 14 | $292.2M | NABL, UDMY, GDDY, RCM, COTY |
| Q1 2024 | 15 | $304.4M | NICE, UDMY, GDDY, COTY, MSGS |