Select Equity Group, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Select Equity Group, L.P. reported 144 stock positions worth $23.5 billion. Its top holding was Live Nation Entertainment (LYV) at 4.4% of the portfolio, followed by Viking (VIK, 4.1%) and Somnigroup International (SGI, 4.0%). Compared with Q1 2025, it opened 22 new positions, sold out of 22, added to 60 and reduced 61. The biggest buy was Markel (MKL, shares +76%) and the biggest sale Fortune Brands Innovations I (FBIN, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001592643
- Portfolio Value
- $23.5B (Q2 2025)
- SEC Filing
- 0001592643-25-000006 ↗ filed Aug 14, 2025
Holdings Value
Holdings 144 stocks · $23.5B
| LYV Live Nation Entertainment Inc. | 4.41% | 6,851,369 | $1.0B | Reduce -3.3% |
| VIK Viking Holdings Ltd. | 4.06% | 17,880,920 | $952.9M | Reduce -4.2% |
| SGI Somnigroup International Inc. | 4.01% | 13,836,763 | $941.6M | Reduce -8.5% |
| CRH CRH PLC | 3.79% | 9,697,157 | $890.2M | Reduce -6.5% |
| WAB Wabtec Corp. | 3.62% | 4,059,498 | $849.9M | Reduce -11.3% |
| CDW CDW Corp. | 3.08% | 4,052,710 | $723.8M | Add +9.7% |
| CNM Core & Main Inc. Class A | 2.94% | 11,465,694 | $692.0M | Reduce -11.0% |
| MIDD Middleby Corp. | 2.90% | 4,727,504 | $680.8M | Reduce -14.3% |
| MKL Markel Group Inc. | 2.86% | 336,369 | $671.8M | Add +75.9% |
| TSCO Tractor Supply Company | 2.86% | 12,713,409 | $670.9M | Add +41.9% |
| ITT Itt Inc. | 2.82% | 4,227,752 | $663.0M | Reduce -11.3% |
| TRMB Trimble Inc. | 2.80% | 8,644,586 | $656.8M | Reduce -6.3% |
| MLM Martin Marietta Materials | 2.76% | 1,183,267 | $649.6M | Reduce -0.7% |
| BRO Brown & Brown Inc. | 2.71% | 5,745,705 | $637.0M | Reduce -8.4% |
| ALC Alcon Inc. filed as ALCON AG | 2.54% | 6,762,406 | $596.4M | Add +23.4% |
| PAYX Paychex Inc. | 2.51% | 4,051,413 | $589.3M | Add +15.9% |
| SCI Service Corp. International | 2.40% | 6,924,741 | $563.7M | Reduce -1.3% |
| LH Labcorp Holdings Inc. | 2.38% | 2,132,792 | $559.9M | Reduce -3.9% |
| TSM Taiwan Semiconductor-SP ADR | 2.18% | 2,259,985 | $511.9M | Add +21.9% |
| STE Steris PLC | 2.10% | 2,052,433 | $493.0M | Reduce -7.3% |
| EME Emcor Group Inc. | 2.06% | 906,855 | $485.1M | Reduce -12.2% |
| PWR Quanta Services Inc. | 1.64% | 1,017,123 | $384.6M | Add +69.3% |
| CPAY Corpay Inc. | 1.59% | 1,125,916 | $373.6M | Reduce -7.6% |
| MORN Morningstar Inc. | 1.49% | 1,113,301 | $349.5M | Reduce -5.0% |
| SIG Signet Jewelers Ltd. | 1.33% | 3,915,353 | $311.5M | Reduce -2.8% |
| IDXX Idexx Laboratories Inc. | 1.31% | 573,713 | $307.7M | Add +23.7% |
| CP Canadian Pacific Kansas City | 1.14% | 3,381,006 | $268.1M | Reduce -11.8% |
| FBIN Fortune Brands Innovations I | 1.14% | 5,194,296 | $267.4M | Reduce -38.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.11% | 2,411,459 | $260.0M | Add +38.6% |
| SHOP Shopify Inc. Class A | 1.10% | 2,246,473 | $259.1M | Add +92.5% |
| KEX Kirby Corp. | 1.05% | 2,165,929 | $245.6M | Add +10.8% |
| JLL Jones Lang Lasalle Inc. | 1.02% | 933,490 | $238.8M | Reduce -12.1% |
| ENTG Entegris Inc. | 1.00% | 2,919,435 | $235.5M | Reduce -28.3% |
| CAE Cae Inc. | 0.98% | 7,909,738 | $231.4M | Add +0.6% |
| CLH Clean Harbors Inc. | 0.93% | 946,958 | $218.9M | Reduce -13.3% |
| TDY Teledyne Technologies Inc. | 0.93% | 426,837 | $218.7M | Add +7.1% |
| V Visa Inc. Class A | 0.82% | 540,316 | $191.8M | Reduce -29.7% |
| NVDA Nvidia Corp. | 0.74% | 1,093,914 | $172.8M | New |
| WDAY Workday Inc. Class A | 0.68% | 669,007 | $160.6M | Add +31.1% |
| TECH Bio-Techne Corp. | 0.64% | 2,919,495 | $150.2M | Reduce -45.6% |
| DAY Dayforce Inc. | 0.60% | 2,547,880 | $141.1M | Reduce -53.1% |
| ADBE Adobe Inc. | 0.60% | 363,838 | $140.8M | Reduce -29.3% |
| CR Crane Co. | 0.60% | 736,943 | $139.9M | Add +1.1% |
| INTU Intuit Inc. | 0.58% | 172,885 | $136.2M | Reduce -25.1% |
| PTC PTC Inc. | 0.57% | 775,077 | $133.6M | Add +26.7% |
| GOOG Alphabet Inc. Class C | 0.52% | 686,780 | $121.8M | Add +67.0% |
| MSFT Microsoft Corp. | 0.52% | 243,855 | $121.3M | Add +53.5% |
| NEM Newmont Corp. | 0.48% | 1,919,640 | $111.8M | New |
| CRM Salesforce Inc. | 0.47% | 405,093 | $110.5M | Add +7.3% |
| NDAQ Nasdaq Inc. | 0.47% | 1,233,044 | $110.3M | New |
| ZTS Zoetis Inc. | 0.46% | 693,776 | $108.2M | Add +95.3% |
| COO The Cooper Cos Inc. | 0.44% | 1,441,840 | $102.6M | Add +92.5% |
| AVGO Broadcom Inc. | 0.42% | 360,274 | $99.3M | Add +1445.1% |
| APO Apollo Global Management Inc. | 0.42% | 689,212 | $97.8M | Add +52.9% |
| AMZN Amazon.com Inc. | 0.41% | 434,011 | $95.2M | Add +7.7% |
| APG Api Group Corp. | 0.41% | 1,864,112 | $95.2M | Reduce -58.8% |
| BN Brookfield Corp. | 0.39% | 1,474,154 | $91.1M | Reduce -61.6% |
| GRMN Garmin Ltd. | 0.39% | 434,417 | $90.7M | Reduce -23.8% |
| DHR Danaher Corp. | 0.35% | 417,407 | $82.5M | Add +96.2% |
| FTV Fortive Corp. | 0.35% | 1,567,511 | $81.7M | Reduce -65.2% |
| PKG Packaging Corp. of America | 0.34% | 422,246 | $79.6M | Reduce -38.7% |
| META Meta Platforms Inc. Class A | 0.33% | 103,756 | $76.6M | Add +75.5% |
| ROL Rollins Inc. | 0.30% | 1,265,543 | $71.4M | Add +149.6% |
| QXO Qxo Inc. | 0.30% | 3,250,235 | $70.0M | New |
| BWXT BWX Technologies Inc. | 0.29% | 478,290 | $68.9M | New |
| APH Amphenol Corp. Class A | 0.28% | 676,886 | $66.8M | Reduce -26.6% |
| BIO Bio-Rad Laboratories-A | 0.26% | 255,989 | $61.8M | Reduce -3.5% |
| NET Cloudflare Inc. Class A | 0.25% | 303,250 | $59.4M | Reduce -52.9% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 146,462 | $59.4M | Add +7.8% |
| PYPL PayPal Holdings Inc. | 0.25% | 777,948 | $57.8M | Reduce -15.7% |
| MHK Mohawk Industries Inc. | 0.24% | 547,845 | $57.4M | Reduce -64.6% |
| OWL Blue Owl Capital Inc. | 0.23% | 2,755,368 | $52.9M | Add +42.3% |
| MTD Mettler-Toledo International | 0.20% | 39,441 | $46.3M | New |
| KKR KKR & Co. Inc. | 0.20% | 346,427 | $46.1M | New |
| MIR Mirion Technologies Inc. | 0.19% | 2,027,559 | $43.7M | Reduce -11.6% |
| WSM Williams-Sonoma Inc. | 0.19% | 266,740 | $43.6M | Reduce -6.3% |
| NOW ServiceNow Inc. | 0.16% | 36,161 | $37.2M | New |
| USLM United States Lime & Mineral | 0.15% | 356,190 | $35.5M | Add +4.8% |
| DOCU Docusign Inc. | 0.15% | 455,471 | $35.5M | Reduce -7.0% |
| CARG Cargurus Inc. | 0.15% | 1,050,244 | $35.2M | Add +14.9% |
| WTM White Mountains Insurance GP | 0.14% | 17,872 | $32.1M | Reduce -36.2% |
| IRDM Iridium Communications Inc. | 0.13% | 1,001,350 | $30.2M | Add +12.9% |
| CASY Casey's General Stores Inc. | 0.13% | 59,177 | $30.2M | Reduce -40.3% |
| OSW Onespaworld Holdings Ltd. | 0.12% | 1,418,757 | $28.9M | Add +4.4% |
| SPGI S&P Global Inc. | 0.12% | 51,486 | $27.1M | Reduce -33.4% |
| MCO Moody's Corp. | 0.11% | 53,574 | $26.9M | Add +24.3% |
| CWST Casella Waste Systems Inc. Class A | 0.11% | 231,994 | $26.8M | Add +12.7% |
| CINF Cincinnati Financial Corp. | 0.11% | 175,921 | $26.2M | Reduce -44.2% |
| GDDY GoDaddy Inc. Class A | 0.11% | 143,092 | $25.8M | New |
| CHEF The Chefs' Warehouse Inc. | 0.11% | 393,283 | $25.1M | Reduce -13.2% |
| MSCI MSCI Inc. | 0.10% | 42,582 | $24.6M | Add +10.3% |
| RAL Ralliant Corp. | 0.10% | 488,046 | $23.7M | Reduce -67.5% |
| FORM Formfactor Inc. | 0.09% | 617,542 | $21.2M | Add +78.6% |
| PII Polaris Inc. | 0.09% | 520,325 | $21.2M | Reduce -67.9% |
| FAST Fastenal Co. | 0.08% | 471,918 | $19.8M | Reduce -69.3% |
| ALKT Alkami Technology Inc. | 0.07% | 576,253 | $17.4M | Add +9.6% |
| AMRZ Amrize Ltd. | 0.07% | 345,508 | $17.2M | New |
| DKS Dick's Sporting Goods Inc. | 0.07% | 84,555 | $16.7M | New |
| CDRE Cadre Holdings Inc. | 0.07% | 485,365 | $15.5M | Add +8.5% |
| KAI Kadant Inc. | 0.06% | 44,649 | $14.2M | Reduce -44.7% |
Options reported separately and not counted above: NEM calls ($239.0M), NET calls ($44.8M), FXI calls ($33.6M), FMC calls ($24.8M), LLY puts ($13.6M), EL calls ($3.9M), PII calls ($3.1M), VFC calls ($2.7M).
Portfolio Sells Q1 2025 → Q2 2025
| FBIN Fortune Brands Innovations I | Reduce -38.6% | 1.14% | −1.16 |
| FTV Fortive Corp. | Reduce -65.2% | 0.35% | −1.13 |
| MIDD Middleby Corp. | Reduce -14.3% | 2.90% | −0.84 |
| DAY Dayforce Inc. | Reduce -53.1% | 0.60% | −0.81 |
| BRO Brown & Brown Inc. | Reduce -8.4% | 2.71% | −0.77 |
| TECH Bio-Techne Corp. | Reduce -45.6% | 0.64% | −0.77 |
| TTC Toro Co. | Sold out | 0.00% | −0.76 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.75 |
| ENTG Entegris Inc. | Reduce -28.3% | 1.00% | −0.59 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.57 |
| MHK Mohawk Industries Inc. | Reduce -64.6% | 0.24% | −0.54 |
| BN Brookfield Corp. | Reduce -61.6% | 0.39% | −0.51 |
| V Visa Inc. Class A | Reduce -29.7% | 0.82% | −0.39 |
| APG Api Group Corp. | Reduce -58.8% | 0.41% | −0.32 |
| BIP Brookfield Infrastructure Pa | Reduce -88.3% | 0.04% | −0.31 |
| CPAY Corpay Inc. | Reduce -7.6% | 1.59% | −0.31 |
| CRH CRH PLC | Reduce -6.5% | 3.79% | −0.28 |
| ADBE Adobe Inc. | Reduce -29.3% | 0.60% | −0.28 |
| PKG Packaging Corp. of America | Reduce -38.7% | 0.34% | −0.27 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.24 |
| RAL Ralliant Corp. | Reduce -67.5% | 0.10% | −0.22 |
| PII Polaris Inc. | Reduce -67.9% | 0.09% | −0.21 |
| FAST Fastenal Co. | Reduce -69.3% | 0.08% | −0.18 |
| GRMN Garmin Ltd. | Reduce -23.8% | 0.39% | −0.17 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.17 |
| JLL Jones Lang Lasalle Inc. | Reduce -12.1% | 1.02% | −0.16 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.15 |
| STE Steris PLC | Reduce -7.3% | 2.10% | −0.14 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.13 |
| SCI Service Corp. International | Reduce -1.3% | 2.40% | −0.11 |
| WTM White Mountains Insurance GP | Reduce -36.2% | 0.14% | −0.10 |
| LAMR Lamar Advertising Co. Class A | Reduce -69.7% | 0.05% | −0.10 |
| CINF Cincinnati Financial Corp. | Reduce -44.2% | 0.11% | −0.10 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.09 |
| WAB Wabtec Corp. | Reduce -11.3% | 3.62% | −0.09 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.08 |
| MORN Morningstar Inc. | Reduce -5.0% | 1.49% | −0.08 |
| NET Cloudflare Inc. Class A | Reduce -52.9% | 0.25% | −0.07 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.07 |
| CASY Casey's General Stores Inc. | Reduce -40.3% | 0.13% | −0.06 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.06 |
| KAI Kadant Inc. | Reduce -44.7% | 0.06% | −0.06 |
| SPGI S&P Global Inc. | Reduce -33.4% | 0.12% | −0.06 |
| CP Canadian Pacific Kansas City | Reduce -11.8% | 1.14% | −0.06 |
| POOL Pool Corp. | Sold out | 0.00% | −0.05 |
| INTU Intuit Inc. | Reduce -25.1% | 0.58% | −0.05 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.04 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.04 |
| SGI Somnigroup International Inc. | Reduce -8.5% | 4.01% | −0.04 |
| NCNO Ncino Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| MKL Markel Group Inc. | Add +75.9% | 2.86% | +1.26 |
| PWR Quanta Services Inc. | Add +69.3% | 1.64% | +0.95 |
| TSM Taiwan Semiconductor-SP ADR | Add +21.9% | 2.18% | +0.80 |
| NVDA Nvidia Corp. | New | 0.74% | +0.74 |
| TSCO Tractor Supply Company | Add +41.9% | 2.86% | +0.65 |
| SHOP Shopify Inc. Class A | Add +92.5% | 1.10% | +0.61 |
| NEM Newmont Corp. | New | 0.48% | +0.48 |
| NDAQ Nasdaq Inc. | New | 0.47% | +0.47 |
| IDXX Idexx Laboratories Inc. | Add +23.7% | 1.31% | +0.44 |
| CDW CDW Corp. | Add +9.7% | 3.08% | +0.44 |
| AVGO Broadcom Inc. | Add +1445.1% | 0.42% | +0.41 |
| QXO Qxo Inc. | New | 0.30% | +0.30 |
| BWXT BWX Technologies Inc. | New | 0.29% | +0.29 |
| MSFT Microsoft Corp. | Add +53.5% | 0.52% | +0.25 |
| ALC Alcon Inc. | Add +23.4% | 2.54% | +0.24 |
| GOOG Alphabet Inc. Class C | Add +67.0% | 0.52% | +0.23 |
| BJ Bj's Wholesale Club Holdings | Add +38.6% | 1.11% | +0.22 |
| ZTS Zoetis Inc. | Add +95.3% | 0.46% | +0.20 |
| MTD Mettler-Toledo International | New | 0.20% | +0.20 |
| KKR KKR & Co. Inc. | New | 0.20% | +0.20 |
| ROL Rollins Inc. | Add +149.6% | 0.30% | +0.18 |
| META Meta Platforms Inc. Class A | Add +75.5% | 0.33% | +0.17 |
| KEX Kirby Corp. | Add +10.8% | 1.05% | +0.16 |
| NOW ServiceNow Inc. | New | 0.16% | +0.16 |
| DHR Danaher Corp. | Add +96.2% | 0.35% | +0.16 |
| COO The Cooper Cos Inc. | Add +92.5% | 0.44% | +0.15 |
| WDAY Workday Inc. Class A | Add +31.1% | 0.68% | +0.15 |
| PTC PTC Inc. | Add +26.7% | 0.57% | +0.15 |
| APO Apollo Global Management Inc. | Add +52.9% | 0.42% | +0.14 |
| CAE Cae Inc. | Add +0.6% | 0.98% | +0.12 |
| GDDY GoDaddy Inc. Class A | New | 0.11% | +0.11 |
| PAYX Paychex Inc. | Add +15.9% | 2.51% | +0.10 |
| CR Crane Co. | Add +1.1% | 0.60% | +0.10 |
| AMRZ Amrize Ltd. | New | 0.07% | +0.07 |
| DKS Dick's Sporting Goods Inc. | New | 0.07% | +0.07 |
| AMZN Amazon.com Inc. | Add +7.7% | 0.41% | +0.06 |
| OWL Blue Owl Capital Inc. | Add +42.3% | 0.23% | +0.05 |
| ROST Ross Stores Inc. | New | 0.05% | +0.05 |
| WAY Waystar Holding Corp. | New | 0.05% | +0.05 |
| FORM Formfactor Inc. | Add +78.6% | 0.09% | +0.05 |
| GE General Electric | New | 0.05% | +0.05 |
| TDY Teledyne Technologies Inc. | Add +7.1% | 0.93% | +0.05 |
| AON Aon PLC Class A | New | 0.04% | +0.04 |
| FNV Franco-Nevada Corp. | New | 0.03% | +0.03 |
| CARG Cargurus Inc. | Add +14.9% | 0.15% | +0.03 |
| BL Blackline Inc. | Add +112.9% | 0.05% | +0.03 |
| JOE The St Joe Co. | New | 0.03% | +0.03 |
| MCO Moody's Corp. | Add +24.3% | 0.11% | +0.02 |
| CLBT Cellebrite Di Ltd. | New | 0.02% | +0.02 |
| MYRG MYR Group Inc./Delaware | Add +34.8% | 0.04% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| IWM iShares Russell 2000 ETF | put | Sold out | 3,029,100 | $604.3Mbefore exit |
| NEM Newmont Corp. | call | New | 4,103,100 | $239.0M |
| RMD Resmed Inc. | put | Sold out | 434,400 | $97.2Mbefore exit |
| NET Cloudflare Inc. Class A | call | Add +1208.6% | 229,000 | $44.8M |
| FXI iShares China Large-Cap ETF | call | Add +2.7% | 915,000 | $33.6M |
| FMC FMC Corp. | call | Add +2.3% | 593,100 | $24.8M |
| LLY Eli Lilly & Co. | put | Add +114.8% | 17,400 | $13.6M |
| EL Estee Lauder Companies Class A | call | Reduce -38.1% | 47,900 | $3.9M |
| PII Polaris Inc. | call | New | 76,600 | $3.1M |
| VFC VF Corp. | call | Add +104.9% | 230,100 | $2.7M |
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 |