Select Equity Group, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Select Equity Group, L.P. reported 143 stock positions worth $22.4 billion. Its top holding was Live Nation Entertainment (LYV) at 4.1% of the portfolio, followed by CRH (CRH, 4.1%) and Somnigroup International (SGI, 4.0%). Compared with Q4 2024, it opened 23 new positions, sold out of 22, added to 68 and reduced 51. The biggest buy was Corpay (CPAY, shares +1302%) and the biggest sale Dayforce (DAY, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001592643
- Portfolio Value
- $22.4B (Q1 2025)
- SEC Filing
- 0001592643-25-000004 ↗ filed May 15, 2025
Holdings Value
Holdings 143 stocks · $22.4B
| LYV Live Nation Entertainment Inc. | 4.13% | 7,087,934 | $925.5M | Reduce -16.0% |
| CRH CRH PLC | 4.07% | 10,368,970 | $912.2M | Reduce -5.9% |
| SGI Somnigroup International Inc. | 4.04% | 15,123,180 | $905.6M | Reduce -19.4% |
| MIDD Middleby Corp. | 3.74% | 5,514,063 | $838.0M | Reduce -12.3% |
| WAB Wabtec Corp. | 3.70% | 4,575,142 | $829.7M | Reduce -11.0% |
| BRO Brown & Brown Inc. | 3.48% | 6,274,372 | $780.5M | Reduce -21.4% |
| VIK Viking Holdings Ltd. | 3.31% | 18,656,810 | $741.6M | Add +8.0% |
| CNM Core & Main Inc. Class A | 2.78% | 12,881,919 | $622.3M | Reduce -2.3% |
| ITT Itt Inc. | 2.75% | 4,765,602 | $615.5M | Add +4.4% |
| TRMB Trimble Inc. | 2.70% | 9,229,816 | $605.9M | Reduce -9.1% |
| CDW CDW Corp. | 2.64% | 3,695,937 | $592.3M | Add +5.7% |
| MLM Martin Marietta Materials | 2.54% | 1,191,400 | $569.6M | Reduce -15.4% |
| SCI Service Corp. International | 2.51% | 7,015,048 | $562.6M | Reduce -15.5% |
| PAYX Paychex Inc. | 2.41% | 3,494,312 | $539.1M | Add +99.0% |
| LH Labcorp Holdings Inc. | 2.31% | 2,220,056 | $516.7M | Add +39.1% |
| ALC Alcon Inc. filed as ALCON AG | 2.30% | 5,478,428 | $515.3M | Reduce -16.0% |
| FBIN Fortune Brands Innovations I | 2.30% | 8,459,134 | $515.0M | Reduce -1.0% |
| STE Steris PLC | 2.24% | 2,215,190 | $502.1M | Reduce -14.8% |
| TSCO Tractor Supply Company | 2.20% | 8,959,995 | $493.7M | Add +16.8% |
| CPAY Corpay Inc. | 1.90% | 1,218,898 | $425.1M | Add +1302.3% |
| EME Emcor Group Inc. | 1.70% | 1,033,013 | $381.8M | Reduce -2.9% |
| MKL Markel Group Inc. | 1.60% | 191,223 | $357.5M | New |
| ENTG Entegris Inc. | 1.59% | 4,074,232 | $356.4M | Add +6.9% |
| MORN Morningstar Inc. | 1.57% | 1,172,567 | $351.6M | Reduce -14.7% |
| FTV Fortive Corp. | 1.47% | 4,509,598 | $330.0M | Add +4.9% |
| DAY Dayforce Inc. | 1.41% | 5,433,566 | $316.9M | Reduce -52.3% |
| TECH Bio-Techne Corp. | 1.40% | 5,366,003 | $314.6M | Add +129.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.37% | 1,853,638 | $307.7M | Add +53.5% |
| V Visa Inc. Class A | 1.20% | 768,660 | $269.4M | Reduce -29.2% |
| CP Canadian Pacific Kansas City | 1.20% | 3,831,097 | $268.8M | Add +24.4% |
| JLL Jones Lang Lasalle Inc. | 1.18% | 1,062,069 | $263.3M | Add +50.7% |
| SIG Signet Jewelers Ltd. | 1.04% | 4,028,856 | $233.9M | Reduce -27.6% |
| CLH Clean Harbors Inc. | 0.96% | 1,092,159 | $215.3M | Reduce -37.6% |
| BN Brookfield Corp. | 0.90% | 3,840,414 | $201.0M | Reduce -52.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.89% | 1,739,337 | $198.5M | Add +1230.1% |
| TDY Teledyne Technologies Inc. | 0.89% | 398,469 | $198.3M | Reduce -21.1% |
| KEX Kirby Corp. | 0.88% | 1,954,698 | $197.4M | Add +24.9% |
| ADBE Adobe Inc. | 0.88% | 514,343 | $197.3M | Add +118.8% |
| IDXX Idexx Laboratories Inc. | 0.87% | 463,946 | $194.8M | New |
| CAE Cae Inc. | 0.86% | 7,863,984 | $193.3M | Add +16.6% |
| MHK Mohawk Industries Inc. | 0.79% | 1,547,651 | $176.7M | Add +3.4% |
| TTC Toro Co. | 0.76% | 2,327,264 | $169.3M | Reduce -52.6% |
| SAIA Saia Inc. | 0.75% | 480,498 | $167.9M | Add +59.6% |
| APG Api Group Corp. | 0.72% | 4,521,352 | $161.7M | Add +36.9% |
| PWR Quanta Services Inc. | 0.68% | 600,728 | $152.7M | Reduce -17.6% |
| INTU Intuit Inc. | 0.63% | 230,668 | $141.6M | New |
| PKG Packaging Corp. of America | 0.61% | 689,253 | $136.5M | Add +114.5% |
| MKC McCormick & Co.-Non VTG SHRS | 0.57% | 1,560,869 | $128.5M | Add +13.5% |
| GRMN Garmin Ltd. | 0.55% | 569,725 | $123.7M | Reduce -43.5% |
| WDAY Workday Inc. Class A | 0.53% | 510,119 | $119.1M | Add +3.1% |
| CR Crane Co. | 0.50% | 728,792 | $111.6M | Reduce -3.4% |
| SHOP Shopify Inc. Class A | 0.50% | 1,166,979 | $111.4M | Reduce -67.2% |
| CRM Salesforce Inc. | 0.45% | 377,686 | $101.4M | Reduce -21.3% |
| PTC PTC Inc. | 0.42% | 611,925 | $94.8M | Reduce -36.4% |
| BIP Brookfield Infrastructure Pa | 0.35% | 2,649,491 | $78.9M | Reduce -48.3% |
| AMZN Amazon.com Inc. | 0.34% | 403,186 | $76.7M | Reduce -20.7% |
| NET Cloudflare Inc. Class A | 0.32% | 643,143 | $72.5M | New |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 135,894 | $67.6M | Reduce -32.4% |
| PII Polaris Inc. | 0.30% | 1,620,565 | $66.3M | Add +142.1% |
| BIO Bio-Rad Laboratories-A | 0.29% | 265,180 | $64.6M | Reduce -42.4% |
| GOOG Alphabet Inc. Class C | 0.29% | 411,359 | $64.3M | Reduce -29.6% |
| COO The Cooper Cos Inc. | 0.28% | 749,050 | $63.2M | Add +185.0% |
| APO Apollo Global Management Inc. | 0.28% | 450,885 | $61.7M | Reduce -52.2% |
| APH Amphenol Corp. Class A | 0.27% | 921,645 | $60.5M | Add +24.2% |
| PYPL PayPal Holdings Inc. | 0.27% | 923,050 | $60.2M | Add +22.6% |
| MSFT Microsoft Corp. | 0.27% | 158,907 | $59.7M | Reduce -10.7% |
| FAST Fastenal Co. | 0.27% | 767,347 | $59.5M | New |
| ZTS Zoetis Inc. | 0.26% | 355,331 | $58.5M | Add +87.3% |
| WTM White Mountains Insurance GP | 0.24% | 27,999 | $53.9M | Add +1.4% |
| AOS Smith (a.o.) Corp. | 0.24% | 809,461 | $52.9M | Reduce -75.8% |
| CINF Cincinnati Financial Corp. | 0.21% | 315,196 | $46.6M | Reduce -54.6% |
| WSM Williams-Sonoma Inc. | 0.20% | 284,524 | $45.0M | Reduce -4.1% |
| DHR Danaher Corp. | 0.19% | 212,766 | $43.6M | Add +37.9% |
| CASY Casey's General Stores Inc. | 0.19% | 99,056 | $43.0M | Add +228.6% |
| DOCU Docusign Inc. | 0.18% | 489,555 | $39.8M | Add +48.0% |
| SPGI S&P Global Inc. | 0.18% | 77,279 | $39.3M | Reduce -20.8% |
| OWL Blue Owl Capital Inc. | 0.17% | 1,936,610 | $38.8M | New |
| H Hyatt Hotels Corp. Class A | 0.17% | 303,831 | $37.2M | Reduce -18.1% |
| SSB Southstate Bank Corp. | 0.15% | 368,860 | $34.2M | New |
| META Meta Platforms Inc. Class A | 0.15% | 59,134 | $34.1M | Reduce -31.8% |
| MIR Mirion Technologies Inc. | 0.15% | 2,292,236 | $33.2M | Reduce -0.9% |
| LAMR Lamar Advertising Co. Class A | 0.15% | 290,524 | $33.1M | Reduce -2.8% |
| USLM United States Lime & Mineral | 0.13% | 339,786 | $30.0M | Add +3.5% |
| SSNC Ss&c Technologies Holdings | 0.13% | 340,655 | $28.5M | New |
| ROL Rollins Inc. | 0.12% | 507,081 | $27.4M | New |
| KAI Kadant Inc. | 0.12% | 80,677 | $27.2M | Add +519.2% |
| CARG Cargurus Inc. | 0.12% | 913,975 | $26.6M | Add +106.7% |
| CHEF The Chefs' Warehouse Inc. | 0.11% | 452,843 | $24.7M | Add +524.7% |
| IRDM Iridium Communications Inc. | 0.11% | 887,168 | $24.2M | Add +18.1% |
| CWST Casella Waste Systems Inc. Class A | 0.10% | 205,795 | $22.9M | Add +617.0% |
| OSW Onespaworld Holdings Ltd. | 0.10% | 1,358,971 | $22.8M | Reduce -38.9% |
| MSCI MSCI Inc. | 0.10% | 38,591 | $21.8M | Reduce -9.6% |
| SPOT Spotify Technology SA | 0.09% | 36,688 | $20.2M | Reduce -21.6% |
| MCO Moody's Corp. | 0.09% | 43,117 | $20.1M | Reduce -11.7% |
| TYL Tyler Technologies Inc. | 0.08% | 32,687 | $19.0M | New |
| NKE Nike Inc. Class B | 0.07% | 234,133 | $14.9M | New |
| ALKT Alkami Technology Inc. | 0.06% | 526,026 | $13.8M | Add +706.8% |
| CACI Caci International Inc. Class A | 0.06% | 37,603 | $13.8M | Reduce -85.3% |
| CDRE Cadre Holdings Inc. | 0.06% | 447,337 | $13.2M | Add +726.6% |
| PTLO Portillo's Inc. Class A | 0.06% | 1,070,774 | $12.7M | Add +675.1% |
Options reported separately and not counted above: IWM puts ($604.3M), RMD puts ($97.2M), FXI calls ($31.9M), FMC calls ($24.5M), LLY puts ($6.7M), EL calls ($5.1M), NET calls ($2.0M), VFC calls ($1.7M).
Portfolio Sells Q4 2024 → Q1 2025
| DAY Dayforce Inc. | Reduce -52.3% | 1.41% | −1.96 |
| RVTY Revvity Inc. | Sold out | 0.00% | −1.09 |
| SHOP Shopify Inc. Class A | Reduce -67.2% | 0.50% | −1.04 |
| BN Brookfield Corp. | Reduce -52.6% | 0.90% | −1.00 |
| TTC Toro Co. | Reduce -52.6% | 0.76% | −0.85 |
| SIG Signet Jewelers Ltd. | Reduce -27.6% | 1.04% | −0.79 |
| AOS Smith (a.o.) Corp. | Reduce -75.8% | 0.24% | −0.69 |
| CLH Clean Harbors Inc. | Reduce -37.6% | 0.96% | −0.68 |
| MLM Martin Marietta Materials | Reduce -15.4% | 2.54% | −0.42 |
| NEOG Neogen Corp. | Reduce -88.1% | 0.04% | −0.42 |
| APO Apollo Global Management Inc. | Reduce -52.2% | 0.28% | −0.36 |
| CACI Caci International Inc. Class A | Reduce -85.3% | 0.06% | −0.36 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.33 |
| RJF Raymond James Financial Inc. | Sold out | 0.00% | −0.33 |
| BIO Bio-Rad Laboratories-A | Reduce -42.4% | 0.29% | −0.33 |
| LYV Live Nation Entertainment Inc. | Reduce -16.0% | 4.13% | −0.33 |
| MORN Morningstar Inc. | Reduce -14.7% | 1.57% | −0.32 |
| BIP Brookfield Infrastructure Pa | Reduce -48.3% | 0.35% | −0.31 |
| HUBG Hub Group Inc. Class A | Sold out | 0.00% | −0.31 |
| PTC PTC Inc. | Reduce -36.4% | 0.42% | −0.30 |
| SGI Somnigroup International Inc. | Reduce -19.4% | 4.04% | −0.30 |
| GRMN Garmin Ltd. | Reduce -43.5% | 0.55% | −0.30 |
| WAB Wabtec Corp. | Reduce -11.0% | 3.70% | −0.27 |
| EME Emcor Group Inc. | Reduce -2.9% | 1.70% | −0.27 |
| PWR Quanta Services Inc. | Reduce -17.6% | 0.68% | −0.26 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.25 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.23 |
| TRMB Trimble Inc. | Reduce -9.1% | 2.70% | −0.22 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.21 |
| CRM Salesforce Inc. | Reduce -21.3% | 0.45% | −0.20 |
| CINF Cincinnati Financial Corp. | Reduce -54.6% | 0.21% | −0.20 |
| V Visa Inc. Class A | Reduce -29.2% | 1.20% | −0.20 |
| SCI Service Corp. International | Reduce -15.5% | 2.51% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -29.6% | 0.29% | −0.17 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.15 |
| TMO Thermo Fisher Scientific Inc. | Reduce -32.4% | 0.30% | −0.12 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -20.7% | 0.34% | −0.11 |
| CRH CRH PLC | Reduce -5.9% | 4.07% | −0.09 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.08 |
| FBIN Fortune Brands Innovations I | Reduce -1.0% | 2.30% | −0.08 |
| OSW Onespaworld Holdings Ltd. | Reduce -38.9% | 0.10% | −0.08 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.08 |
| H Hyatt Hotels Corp. Class A | Reduce -18.1% | 0.17% | −0.07 |
| TDY Teledyne Technologies Inc. | Reduce -21.1% | 0.89% | −0.07 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -31.8% | 0.15% | −0.05 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -10.7% | 0.27% | −0.04 |
| WSM Williams-Sonoma Inc. | Reduce -4.1% | 0.20% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| CPAY Corpay Inc. | Add +1302.3% | 1.90% | +1.78 |
| MKL Markel Group Inc. | New | 1.60% | +1.60 |
| PAYX Paychex Inc. | Add +99.0% | 2.41% | +1.40 |
| IDXX Idexx Laboratories Inc. | New | 0.87% | +0.87 |
| BJ Bj's Wholesale Club Holdings | Add +1230.1% | 0.89% | +0.84 |
| LH Labcorp Holdings Inc. | Add +39.1% | 2.31% | +0.81 |
| TECH Bio-Techne Corp. | Add +129.8% | 1.40% | +0.72 |
| INTU Intuit Inc. | New | 0.63% | +0.63 |
| TSCO Tractor Supply Company | Add +16.8% | 2.20% | +0.54 |
| ADBE Adobe Inc. | Add +118.8% | 0.88% | +0.45 |
| JLL Jones Lang Lasalle Inc. | Add +50.7% | 1.18% | +0.45 |
| TSM Taiwan Semiconductor-SP ADR | Add +53.5% | 1.37% | +0.40 |
| NET Cloudflare Inc. Class A | New | 0.32% | +0.32 |
| PKG Packaging Corp. of America | Add +114.5% | 0.61% | +0.31 |
| CP Canadian Pacific Kansas City | Add +24.4% | 1.20% | +0.29 |
| FAST Fastenal Co. | New | 0.27% | +0.27 |
| APG Api Group Corp. | Add +36.9% | 0.72% | +0.24 |
| KEX Kirby Corp. | Add +24.9% | 0.88% | +0.21 |
| VIK Viking Holdings Ltd. | Add +8.0% | 3.31% | +0.21 |
| SAIA Saia Inc. | Add +59.6% | 0.75% | +0.19 |
| COO The Cooper Cos Inc. | Add +185.0% | 0.28% | +0.18 |
| OWL Blue Owl Capital Inc. | New | 0.17% | +0.17 |
| CAE Cae Inc. | Add +16.6% | 0.86% | +0.17 |
| CDW CDW Corp. | Add +5.7% | 2.64% | +0.16 |
| FTV Fortive Corp. | Add +4.9% | 1.47% | +0.16 |
| SSB Southstate Bank Corp. | New | 0.15% | +0.15 |
| MKC McCormick & Co.-Non VTG SHRS | Add +13.5% | 0.57% | +0.15 |
| CASY Casey's General Stores Inc. | Add +228.6% | 0.19% | +0.14 |
| PII Polaris Inc. | Add +142.1% | 0.30% | +0.14 |
| ZTS Zoetis Inc. | Add +87.3% | 0.26% | +0.14 |
| SSNC Ss&c Technologies Holdings | New | 0.13% | +0.13 |
| ROL Rollins Inc. | New | 0.12% | +0.12 |
| KAI Kadant Inc. | Add +519.2% | 0.12% | +0.10 |
| CHEF The Chefs' Warehouse Inc. | Add +524.7% | 0.11% | +0.10 |
| CWST Casella Waste Systems Inc. Class A | Add +617.0% | 0.10% | +0.09 |
| ITT Itt Inc. | Add +4.4% | 2.75% | +0.09 |
| TYL Tyler Technologies Inc. | New | 0.08% | +0.08 |
| NKE Nike Inc. Class B | New | 0.07% | +0.07 |
| MHK Mohawk Industries Inc. | Add +3.4% | 0.79% | +0.06 |
| APH Amphenol Corp. Class A | Add +24.2% | 0.27% | +0.06 |
| DOCU Docusign Inc. | Add +48.0% | 0.18% | +0.06 |
| CARG Cargurus Inc. | Add +106.7% | 0.12% | +0.05 |
| POOL Pool Corp. | New | 0.05% | +0.05 |
| CDRE Cadre Holdings Inc. | Add +726.6% | 0.06% | +0.05 |
| ALKT Alkami Technology Inc. | Add +706.8% | 0.06% | +0.05 |
| PTLO Portillo's Inc. Class A | Add +675.1% | 0.06% | +0.05 |
| ENTG Entegris Inc. | Add +6.9% | 1.59% | +0.05 |
| DHR Danaher Corp. | Add +37.9% | 0.19% | +0.05 |
| VRRM Verra Mobility Corp. | Add +517.5% | 0.05% | +0.04 |
| ALRM Alarm.com Holdings Inc. | Add +587.4% | 0.05% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | put | New | 3,029,100 | $604.3M |
| DVA Davita Inc. | put | Sold out | 2,570,600 | $384.4Mbefore exit |
| QCOM Qualcomm Inc. | call | Sold out | 847,800 | $130.2Mbefore exit |
| RMD Resmed Inc. | put | Reduce -9.8% | 434,400 | $97.2M |
| FXI iShares China Large-Cap ETF | call | Add +48.6% | 891,100 | $31.9M |
| FMC FMC Corp. | call | New | 580,000 | $24.5M |
| LLY Eli Lilly & Co. | put | Add +1.3% | 8,100 | $6.7M |
| EL Estee Lauder Companies Class A | call | Add +18.2% | 77,400 | $5.1M |
| NET Cloudflare Inc. Class A | call | New | 17,500 | $2.0M |
| VFC VF Corp. | call | Reduce -8.3% | 112,300 | $1.7M |
| CDW CDW Corp. | call | Sold out | 2,500 | $435Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 143 | $18.9B | VIK, LYV, SGI, ITT, WAB |
| Q1 2026 | 159 | $18.8B | LYV, VIK, ITT, WAB, MKL |
| Q4 2025 | 163 | $21.5B | VIK, SGI, MKL, CRH, LYV |
| Q3 2025 | 152 | $23.4B | CRH, SGI, VIK, LYV, WAB |
| Q2 2025 | 144 | $23.5B | LYV, VIK, SGI, CRH, WAB |
| Q1 2025 | 143 | $22.4B | LYV, CRH, SGI, MIDD, WAB |
| Q4 2024 | 142 | $24.5B | LYV, SGI, CRH, WAB, MIDD |
| Q3 2024 | 140 | $27.4B | LYV, SGI, CRH, CDW, WAB |
| Q2 2024 | 145 | $25.2B | LYV, BRO, MLM, CRH, CDW |
| Q1 2024 | 144 | $27.7B | MLM, CDW, SGI, CRH, LYV |