Select Equity Group, L.P.

Name: Select Equity Group, L.P. 13F holdings, Q1 2025
Creator: Select Equity Group, L.P.
Published: 2025-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
VRRM Verra Mobility Corp.	0.05%	532,704	$12.0M	Add +517.5%
POOL Pool Corp.	0.05%	37,230	$11.9M	New
COHR Coherent Corp.	0.05%	180,456	$11.7M	Add +17.7%
ALRM Alarm.com Holdings Inc.	0.05%	200,434	$11.2M	Add +587.4%
CSW CSW Industrials Inc.	0.05%	38,180	$11.1M	Add +620.6%
BOOT Boot Barn Holdings Inc.	0.05%	102,536	$11.0M	Add +754.7%
CERT Certara Inc.	0.05%	1,094,495	$10.8M	Add +534.5%
ERII Energy Recovery Inc.	0.05%	667,157	$10.6M	Add +403.5%
LNTH Lantheus Holdings Inc.	0.04%	100,843	$9.8M	Add +899.2%
FORM Formfactor Inc.	0.04%	345,782	$9.8M	Add +459.5%
NEOG Neogen Corp.	0.04%	1,120,196	$9.7M	Reduce -88.1%
UBER Uber Technologies Inc.	0.04%	127,622	$9.3M	New
MLAB Mesa Laboratories Inc.	0.04%	73,897	$8.8M	Add +439.0%
AIN Albany Intl Corp. Class A	0.04%	126,262	$8.7M	Add +784.3%
FELE Franklin Electric Co. Inc.	0.04%	92,631	$8.7M	New
OUT Outfront Media Inc.	0.04%	486,506	$7.9M	Add +590.8%
WINA Winmark Corp.	0.03%	23,450	$7.5M	Add +766.0%
NCNO Ncino Inc.	0.03%	265,211	$7.3M	Add +395.3%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN	0.03%	161,226	$7.2M	Add +377.8%
BMI Badger Meter Inc.	0.03%	37,539	$7.1M	Add +686.0%
ADEA Adeia Inc.	0.03%	509,458	$6.7M	Reduce -26.0%
KRMN Karman Holdings Inc.	0.03%	196,000	$6.6M	New
SPSC SPS Commerce Inc.	0.03%	47,985	$6.4M	Add +511.3%
ATS Ats Corp.	0.03%	242,640	$6.0M	New
MLNK Meridianlink Inc.	0.03%	307,322	$5.7M	Add +541.3%
CLFD Clearfield Inc.	0.02%	176,304	$5.2M	Add +770.2%
MYRG MYR Group Inc./Delaware	0.02%	42,296	$4.8M	Add +487.8%
BL Blackline Inc.	0.02%	98,506	$4.8M	Add +350.6%
CIEN Ciena Corp.	0.02%	71,942	$4.3M	New
ACA Arcosa Inc.	0.02%	54,045	$4.2M	New
MRVL Marvell Technology Inc.	0.02%	65,686	$4.0M	Add +135.7%
AVGO Broadcom Inc.	0.02%	23,317	$3.9M	Add +131.6%
CIGI Colliers Intl GR-Subord Vot	0.02%	31,062	$3.8M	New
GOGO Gogo Inc.	0.02%	402,987	$3.5M	Add +68.8%
AEIS Advanced Energy Industries	0.02%	35,917	$3.4M	New
BE Bloom Energy Corp. Class A	0.01%	111,296	$2.2M	Reduce -60.0%
TENB Tenable Holdings Inc.	0.01%	50,909	$1.8M	Add +410.9%
AMD Advanced Micro Devices	0.01%	15,763	$1.6M	New
LOAR Loar Holdings Inc.	0.01%	21,693	$1.5M	Add +279.6%
GSHD Goosehead Insurance Inc. Class A	0.01%	9,796	$1.2M	New
IWR iShares Russell Mid-Cap ETF	0.00%	11,749	$999K	Add +16.2%
MRCY Mercury Systems Inc.	0.00%	18,551	$799K	New
TRI Thomson Reuters Corp.	0.00%	2,093	$361K	No change

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