Select Equity Group, L.P.

Name: Select Equity Group, L.P. 13F holdings, Q2 2025
Creator: Select Equity Group, L.P.
Published: 2025-08-14

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

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%
CSW CSW Industrials Inc.	0.05%	43,841	$12.6M	Add +14.8%
ALRM Alarm.com Holdings Inc.	0.05%	218,641	$12.4M	Add +9.1%
PTLO Portillo's Inc. Class A	0.05%	1,033,990	$12.1M	Reduce -3.4%
BMI Badger Meter Inc.	0.05%	49,124	$12.0M	Add +30.9%
ROST Ross Stores Inc.	0.05%	93,121	$11.9M	New
BL Blackline Inc.	0.05%	209,711	$11.9M	Add +112.9%
FELE Franklin Electric Co. Inc.	0.05%	130,160	$11.7M	Add +40.5%
KRMN Karman Holdings Inc.	0.05%	227,129	$11.4M	Add +15.9%
WAY Waystar Holding Corp.	0.05%	275,166	$11.2M	New
GE General Electric filed as GE AEROSPACE	0.05%	42,240	$10.9M	New
LAMR Lamar Advertising Co. Class A	0.05%	88,085	$10.7M	Reduce -69.7%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN	0.04%	242,910	$10.4M	Add +50.7%
VRRM Verra Mobility Corp.	0.04%	409,441	$10.4M	Reduce -23.1%
BIP Brookfield Infrastructure Pa	0.04%	309,830	$10.4M	Reduce -88.3%
MYRG MYR Group Inc./Delaware	0.04%	57,007	$10.3M	Add +34.8%
WINA Winmark Corp.	0.04%	27,204	$10.3M	Add +16.0%
AON Aon PLC Class A	0.04%	28,041	$10.0M	New
ERII Energy Recovery Inc.	0.04%	769,706	$9.8M	Add +15.4%
OUT Outfront Media Inc.	0.04%	596,322	$9.7M	Add +22.6%
CERT Certara Inc.	0.04%	826,644	$9.7M	Reduce -24.5%
BOOT Boot Barn Holdings Inc.	0.04%	63,410	$9.6M	Reduce -38.2%
MLAB Mesa Laboratories Inc.	0.04%	102,198	$9.6M	Add +38.3%
COHR Coherent Corp.	0.04%	105,778	$9.4M	Reduce -41.4%
ADEA Adeia Inc.	0.03%	541,898	$7.7M	Add +6.4%
FNV Franco-Nevada Corp.	0.03%	46,762	$7.7M	New
SPSC SPS Commerce Inc.	0.03%	55,318	$7.5M	Add +15.3%
CLFD Clearfield Inc.	0.03%	170,781	$7.4M	Reduce -3.1%
GOGO Gogo Inc.	0.03%	500,007	$7.3M	Add +24.1%
ACA Arcosa Inc.	0.03%	83,702	$7.3M	Add +54.9%
JOE The St Joe Co.	0.03%	133,059	$6.3M	New
CIEN Ciena Corp.	0.02%	69,873	$5.7M	Reduce -2.9%
CLBT Cellebrite Di Ltd.	0.02%	347,366	$5.6M	New
LOAR Loar Holdings Inc.	0.02%	63,306	$5.5M	Add +191.8%
UBER Uber Technologies Inc.	0.02%	58,242	$5.4M	Reduce -54.4%
MLNK Meridianlink Inc.	0.02%	318,917	$5.2M	Add +3.8%
GSHD Goosehead Insurance Inc. Class A	0.02%	43,332	$4.6M	Add +342.3%
MRCY Mercury Systems Inc.	0.02%	83,770	$4.5M	Add +351.6%
PTON Peloton Interactive Inc. Class A	0.02%	512,914	$3.6M	New
AIN Albany Intl Corp. Class A	0.01%	49,071	$3.4M	Reduce -61.1%
TENB Tenable Holdings Inc.	0.01%	67,568	$2.3M	Add +32.7%
DOO BRP Inc./Ca- Sub Voting	0.01%	37,016	$1.8M	New
INTC Intel Corp.	0.00%	25,759	$577K	New
GFS Globalfoundries Inc.	0.00%	14,909	$570K	New
TRI Thomson Reuters Corp.	0.00%	2,093	$420K	No change

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