Select Equity Group, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Select Equity Group, L.P. reported 152 stock positions worth $23.4 billion. Its top holding was CRH (CRH) at 4.4% of the portfolio, followed by Somnigroup International (SGI, 4.2%) and Viking (VIK, 4.1%). Compared with Q2 2025, it opened 15 new positions, sold out of 7, added to 65 and reduced 71. The biggest buy was Nasdaq (NDAQ, shares +141%) and the biggest sale Kirby (KEX, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001592643
- Portfolio Value
- $23.4B (Q3 2025)
- SEC Filing
- 0001592643-25-000010 ↗ filed Nov 14, 2025
Holdings Value
Holdings 152 stocks · $23.4B
| CRH CRH PLC | 4.42% | 8,620,046 | $1.0B | Reduce -11.1% |
| SGI Somnigroup International Inc. | 4.23% | 11,712,040 | $987.7M | Reduce -15.4% |
| VIK Viking Holdings Ltd. | 4.07% | 15,319,071 | $952.2M | Reduce -14.3% |
| LYV Live Nation Entertainment Inc. | 3.89% | 5,571,318 | $910.4M | Reduce -18.7% |
| WAB Wabtec Corp. | 3.16% | 3,688,625 | $739.5M | Reduce -9.1% |
| MKL Markel Group Inc. | 3.13% | 382,732 | $731.5M | Add +13.8% |
| ITT Itt Inc. | 3.01% | 3,940,989 | $704.5M | Reduce -6.8% |
| TSCO Tractor Supply Company | 2.95% | 12,134,768 | $690.1M | Reduce -4.5% |
| CDW CDW Corp. | 2.83% | 4,155,629 | $661.9M | Add +2.5% |
| MLM Martin Marietta Materials | 2.79% | 1,036,563 | $653.3M | Reduce -12.4% |
| TRMB Trimble Inc. | 2.67% | 7,644,739 | $624.2M | Reduce -11.6% |
| TSM Taiwan Semiconductor-SP ADR | 2.65% | 2,218,165 | $619.5M | Reduce -1.9% |
| BRO Brown & Brown Inc. | 2.44% | 6,076,399 | $569.9M | Add +5.8% |
| MIDD Middleby Corp. | 2.39% | 4,196,399 | $557.8M | Reduce -11.2% |
| PAYX Paychex Inc. | 2.36% | 4,357,641 | $552.4M | Add +7.6% |
| SCI Service Corp. International | 2.35% | 6,609,399 | $550.0M | Reduce -4.5% |
| LH Labcorp Holdings Inc. | 2.26% | 1,837,035 | $527.3M | Reduce -13.9% |
| CNM Core & Main Inc. Class A | 2.23% | 9,691,396 | $521.7M | Reduce -15.5% |
| ALC Alcon Inc. filed as ALCON AG | 2.14% | 6,727,682 | $501.1M | Reduce -0.5% |
| STE Steris PLC | 2.09% | 1,976,784 | $489.1M | Reduce -3.7% |
| MORN Morningstar Inc. | 2.09% | 2,103,702 | $488.1M | Add +89.0% |
| EME Emcor Group Inc. | 2.04% | 735,769 | $477.9M | Reduce -18.9% |
| SIG Signet Jewelers Ltd. | 1.58% | 3,845,496 | $368.9M | Reduce -1.8% |
| JLL Jones Lang Lasalle Inc. | 1.46% | 1,142,066 | $340.7M | Add +22.3% |
| CPAY Corpay Inc. | 1.43% | 1,157,534 | $333.4M | Add +2.8% |
| SHOP Shopify Inc. Class A | 1.41% | 2,210,771 | $328.5M | Reduce -1.6% |
| PWR Quanta Services Inc. | 1.32% | 745,180 | $308.8M | Reduce -26.7% |
| CP Canadian Pacific Kansas City | 1.26% | 3,963,928 | $295.3M | Add +17.2% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.17% | 2,928,120 | $273.0M | Add +21.4% |
| NDAQ Nasdaq Inc. | 1.12% | 2,970,652 | $262.8M | Add +140.9% |
| PTC PTC Inc. | 1.00% | 1,148,097 | $233.1M | Add +48.1% |
| FBIN Fortune Brands Innovations I | 1.00% | 4,357,853 | $232.7M | Reduce -16.1% |
| TDY Teledyne Technologies Inc. | 0.98% | 390,876 | $229.1M | Reduce -8.4% |
| PKG Packaging Corp. of America | 0.93% | 997,334 | $217.3M | Add +136.2% |
| CAE Cae Inc. | 0.88% | 6,931,545 | $205.3M | Reduce -12.4% |
| NVDA Nvidia Corp. | 0.86% | 1,072,941 | $200.2M | Reduce -1.9% |
| IDXX Idexx Laboratories Inc. | 0.77% | 282,018 | $180.2M | Reduce -50.8% |
| CLH Clean Harbors Inc. | 0.77% | 773,380 | $179.6M | Reduce -18.3% |
| V Visa Inc. Class A | 0.76% | 518,983 | $177.2M | Reduce -4.0% |
| WDAY Workday Inc. Class A | 0.75% | 728,298 | $175.3M | Add +8.9% |
| GOOG Alphabet Inc. Class C | 0.69% | 658,921 | $160.5M | Reduce -4.1% |
| BWXT BWX Technologies Inc. | 0.56% | 707,115 | $130.4M | Add +47.8% |
| FTV Fortive Corp. | 0.56% | 2,656,362 | $130.1M | Add +69.5% |
| ENTG Entegris Inc. | 0.55% | 1,392,575 | $128.8M | Reduce -52.3% |
| TECH Bio-Techne Corp. | 0.54% | 2,251,593 | $125.3M | Reduce -22.9% |
| MSFT Microsoft Corp. | 0.53% | 239,171 | $123.9M | Reduce -1.9% |
| NEM Newmont Corp. | 0.50% | 1,376,978 | $116.1M | Reduce -28.3% |
| GRMN Garmin Ltd. | 0.49% | 468,244 | $115.3M | Add +7.8% |
| APH Amphenol Corp. Class A | 0.49% | 930,118 | $115.1M | Add +37.4% |
| ADBE Adobe Inc. | 0.48% | 318,624 | $112.4M | Reduce -12.4% |
| AVGO Broadcom Inc. | 0.48% | 339,334 | $111.9M | Reduce -5.8% |
| META Meta Platforms Inc. Class A | 0.46% | 145,095 | $106.6M | Add +39.8% |
| CR Crane Co. | 0.45% | 572,744 | $105.5M | Reduce -22.3% |
| INTU Intuit Inc. | 0.44% | 149,782 | $102.3M | Reduce -13.4% |
| AMZN Amazon.com Inc. | 0.42% | 448,321 | $98.4M | Add +3.3% |
| APO Apollo Global Management Inc. | 0.40% | 697,358 | $92.9M | Add +1.2% |
| COO The Cooper Cos Inc. | 0.37% | 1,265,211 | $86.7M | Reduce -12.3% |
| DHR Danaher Corp. | 0.37% | 430,671 | $85.4M | Add +3.2% |
| APG Api Group Corp. | 0.36% | 2,457,941 | $84.5M | Reduce -12.1% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 161,479 | $78.3M | Add +10.3% |
| CRM Salesforce Inc. | 0.33% | 328,551 | $77.9M | Reduce -18.9% |
| ROL Rollins Inc. | 0.30% | 1,188,856 | $69.8M | Reduce -6.1% |
| NET Cloudflare Inc. Class A | 0.30% | 323,725 | $69.5M | Add +6.8% |
| QXO Qxo Inc. | 0.30% | 3,622,866 | $69.1M | Add +11.5% |
| OC Owens Corning | 0.29% | 472,495 | $66.8M | New |
| DKS Dick's Sporting Goods Inc. | 0.28% | 289,735 | $64.4M | Add +242.7% |
| OWL Blue Owl Capital Inc. | 0.27% | 3,739,246 | $63.3M | Add +35.7% |
| USLM United States Lime & Mineral | 0.24% | 418,728 | $55.1M | Add +17.6% |
| BN Brookfield Corp. | 0.23% | 791,924 | $54.3M | Reduce -46.3% |
| JOE The St Joe Co. | 0.22% | 1,023,600 | $50.6M | Add +669.3% |
| SSB Southstate Bank Corp. | 0.21% | 503,341 | $49.8M | New |
| WSM Williams-Sonoma Inc. | 0.21% | 253,021 | $49.5M | Reduce -5.1% |
| PYPL PayPal Holdings Inc. | 0.21% | 721,641 | $48.4M | Reduce -7.2% |
| MTD Mettler-Toledo International | 0.20% | 38,293 | $47.0M | Reduce -2.9% |
| CARG Cargurus Inc. | 0.19% | 1,203,723 | $44.8M | Add +14.6% |
| MHK Mohawk Industries Inc. | 0.18% | 324,409 | $41.8M | Reduce -40.8% |
| ZTS Zoetis Inc. | 0.18% | 281,933 | $41.3M | Reduce -59.4% |
| VCTR Victory Capital Holding - A | 0.17% | 616,742 | $39.9M | New |
| OSW Onespaworld Holdings Ltd. | 0.15% | 1,643,411 | $34.7M | Add +15.8% |
| NOW ServiceNow Inc. | 0.14% | 35,361 | $32.5M | Reduce -2.2% |
| WT Wisdomtree Inc. | 0.14% | 2,311,611 | $32.1M | New |
| DOCU Docusign Inc. | 0.14% | 444,621 | $32.1M | Reduce -2.4% |
| PII Polaris Inc. | 0.14% | 545,177 | $31.7M | Add +4.8% |
| CASY Casey's General Stores Inc. | 0.13% | 55,737 | $31.5M | Reduce -5.8% |
| CWST Casella Waste Systems Inc. Class A | 0.13% | 312,780 | $29.7M | Add +34.8% |
| WTM White Mountains Insurance GP | 0.12% | 16,946 | $28.3M | Reduce -5.2% |
| CDRE Cadre Holdings Inc. | 0.11% | 733,852 | $26.8M | Add +51.2% |
| MIR Mirion Technologies Inc. | 0.11% | 1,141,264 | $26.5M | Reduce -43.7% |
| NIQ Niq Global Intelligence PLC | 0.11% | 1,689,467 | $26.5M | New |
| CHEF The Chefs' Warehouse Inc. | 0.11% | 433,787 | $25.3M | Add +10.3% |
| MCO Moody's Corp. | 0.11% | 52,400 | $25.0M | Reduce -2.2% |
| FORM Formfactor Inc. | 0.10% | 667,412 | $24.3M | Add +8.1% |
| SPGI S&P Global Inc. | 0.10% | 49,873 | $24.3M | Reduce -3.1% |
| MSCI MSCI Inc. | 0.10% | 41,716 | $23.7M | Reduce -2.0% |
| LAMR Lamar Advertising Co. Class A | 0.10% | 186,630 | $22.8M | Add +111.9% |
| CINF Cincinnati Financial Corp. | 0.10% | 142,363 | $22.5M | Reduce -19.1% |
| ALKT Alkami Technology Inc. | 0.09% | 858,667 | $21.3M | Add +49.0% |
| WAY Waystar Holding Corp. | 0.09% | 545,413 | $20.7M | Add +98.2% |
| CSW CSW Industrials Inc. | 0.09% | 83,045 | $20.2M | Add +89.4% |
| IRDM Iridium Communications Inc. | 0.08% | 1,061,453 | $18.5M | Add +6.0% |
Options reported separately and not counted above: IWM puts ($215.3M), NEM calls ($181.9M), CSX calls ($135.7M), IWM calls ($93.8M), NVDA puts ($89.8M), TER calls ($46.8M), ONON calls ($45.1M), NET calls ($33.1M), FMC calls ($27.3M), FXI calls ($16.3M), VFC calls ($3.7M), PII calls ($3.1M), and 2 more.
Portfolio Sells Q2 2025 → Q3 2025
| KEX Kirby Corp. | Reduce -93.7% | 0.05% | −1.00 |
| CNM Core & Main Inc. Class A | Reduce -15.5% | 2.23% | −0.71 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.60 |
| IDXX Idexx Laboratories Inc. | Reduce -50.8% | 0.77% | −0.54 |
| LYV Live Nation Entertainment Inc. | Reduce -18.7% | 3.89% | −0.52 |
| MIDD Middleby Corp. | Reduce -11.2% | 2.39% | −0.51 |
| WAB Wabtec Corp. | Reduce -9.1% | 3.16% | −0.45 |
| ENTG Entegris Inc. | Reduce -52.3% | 0.55% | −0.45 |
| ALC Alcon Inc. | Reduce -0.5% | 2.14% | −0.39 |
| PWR Quanta Services Inc. | Reduce -26.7% | 1.32% | −0.32 |
| ZTS Zoetis Inc. | Reduce -59.4% | 0.18% | −0.28 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.26 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.20 |
| CLH Clean Harbors Inc. | Reduce -18.3% | 0.77% | −0.16 |
| BN Brookfield Corp. | Reduce -46.3% | 0.23% | −0.15 |
| CR Crane Co. | Reduce -22.3% | 0.45% | −0.14 |
| FBIN Fortune Brands Innovations I | Reduce -16.1% | 1.00% | −0.14 |
| INTU Intuit Inc. | Reduce -13.4% | 0.44% | −0.14 |
| CRM Salesforce Inc. | Reduce -18.9% | 0.33% | −0.14 |
| LH Labcorp Holdings Inc. | Reduce -13.9% | 2.26% | −0.13 |
| TRMB Trimble Inc. | Reduce -11.6% | 2.67% | −0.13 |
| ADBE Adobe Inc. | Reduce -12.4% | 0.48% | −0.12 |
| CAE Cae Inc. | Reduce -12.4% | 0.88% | −0.11 |
| TECH Bio-Techne Corp. | Reduce -22.9% | 0.54% | −0.10 |
| RAL Ralliant Corp. | Sold out | 0.00% | −0.10 |
| GDDY GoDaddy Inc. Class A | Reduce -75.7% | 0.02% | −0.09 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.08 |
| MIR Mirion Technologies Inc. | Reduce -43.7% | 0.11% | −0.07 |
| COO The Cooper Cos Inc. | Reduce -12.3% | 0.37% | −0.07 |
| MHK Mohawk Industries Inc. | Reduce -40.8% | 0.18% | −0.07 |
| V Visa Inc. Class A | Reduce -4.0% | 0.76% | −0.06 |
| SCI Service Corp. International | Reduce -4.5% | 2.35% | −0.05 |
| APG Api Group Corp. | Reduce -12.1% | 0.36% | −0.04 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -7.2% | 0.21% | −0.04 |
| PTLO Portillo's Inc. Class A | Reduce -5.7% | 0.03% | −0.02 |
| EME Emcor Group Inc. | Reduce -18.9% | 2.04% | −0.02 |
| NOW ServiceNow Inc. | Reduce -2.2% | 0.14% | −0.02 |
| BWIN Baldwin Insurance Group Inc./ | Reduce -9.4% | 0.03% | −0.02 |
| WTM White Mountains Insurance GP | Reduce -5.2% | 0.12% | −0.02 |
| CINF Cincinnati Financial Corp. | Reduce -19.1% | 0.10% | −0.02 |
| AIN Albany Intl Corp. Class A | Sold out | 0.00% | −0.01 |
| DOCU Docusign Inc. | Reduce -2.4% | 0.14% | −0.01 |
| SPGI S&P Global Inc. | Reduce -3.1% | 0.10% | −0.01 |
| CLFD Clearfield Inc. | Reduce -9.7% | 0.02% | −0.01 |
| MLNK Meridianlink Inc. | Reduce -47.1% | 0.01% | −0.01 |
| MCO Moody's Corp. | Reduce -2.2% | 0.11% | −0.01 |
| OUT Outfront Media Inc. | Reduce -23.6% | 0.04% | −0.01 |
| STE Steris PLC | Reduce -3.7% | 2.09% | −0.01 |
| ROL Rollins Inc. | Reduce -6.1% | 0.30% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| NDAQ Nasdaq Inc. | Add +140.9% | 1.12% | +0.65 |
| MORN Morningstar Inc. | Add +89.0% | 2.09% | +0.60 |
| PKG Packaging Corp. of America | Add +136.2% | 0.93% | +0.59 |
| JLL Jones Lang Lasalle Inc. | Add +22.3% | 1.46% | +0.44 |
| PTC PTC Inc. | Add +48.1% | 1.00% | +0.43 |
| OC Owens Corning | New | 0.29% | +0.29 |
| MKL Markel Group Inc. | Add +13.8% | 3.13% | +0.27 |
| BWXT BWX Technologies Inc. | Add +47.8% | 0.56% | +0.26 |
| SSB Southstate Bank Corp. | New | 0.21% | +0.21 |
| FTV Fortive Corp. | Add +69.5% | 0.56% | +0.21 |
| APH Amphenol Corp. Class A | Add +37.4% | 0.49% | +0.21 |
| DKS Dick's Sporting Goods Inc. | Add +242.7% | 0.28% | +0.20 |
| JOE The St Joe Co. | Add +669.3% | 0.22% | +0.19 |
| VCTR Victory Capital Holding - A | New | 0.17% | +0.17 |
| WT Wisdomtree Inc. | New | 0.14% | +0.14 |
| META Meta Platforms Inc. Class A | Add +39.8% | 0.46% | +0.13 |
| CP Canadian Pacific Kansas City | Add +17.2% | 1.26% | +0.12 |
| NIQ Niq Global Intelligence PLC | New | 0.11% | +0.11 |
| GRMN Garmin Ltd. | Add +7.8% | 0.49% | +0.11 |
| USLM United States Lime & Mineral | Add +17.6% | 0.24% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +10.3% | 0.34% | +0.08 |
| LQDT Liquidity Services Inc. | New | 0.08% | +0.08 |
| WDAY Workday Inc. Class A | Add +8.9% | 0.75% | +0.07 |
| BJ Bj's Wholesale Club Holdings | Add +21.4% | 1.17% | +0.06 |
| ZWS Zurn Elkay Water Solutions C | New | 0.06% | +0.06 |
| ECG Everus Construction Group | New | 0.05% | +0.05 |
| LAMR Lamar Advertising Co. Class A | Add +111.9% | 0.10% | +0.05 |
| CDRE Cadre Holdings Inc. | Add +51.2% | 0.11% | +0.05 |
| OWL Blue Owl Capital Inc. | Add +35.7% | 0.27% | +0.05 |
| PII Polaris Inc. | Add +4.8% | 0.14% | +0.05 |
| NET Cloudflare Inc. Class A | Add +6.8% | 0.30% | +0.04 |
| MTN Vail Resorts Inc. | New | 0.04% | +0.04 |
| CARG Cargurus Inc. | Add +14.6% | 0.19% | +0.04 |
| WAY Waystar Holding Corp. | Add +98.2% | 0.09% | +0.04 |
| LOAR Loar Holdings Inc. | Add +165.1% | 0.06% | +0.03 |
| DOO BRP Inc./Ca- Sub Voting | Add +332.4% | 0.04% | +0.03 |
| CSW CSW Industrials Inc. | Add +89.4% | 0.09% | +0.03 |
| SAIA Saia Inc. | New | 0.03% | +0.03 |
| CLBT Cellebrite Di Ltd. | Add +91.9% | 0.05% | +0.03 |
| ITRI Itron Inc. | New | 0.03% | +0.03 |
| CIEN Ciena Corp. | Add +19.6% | 0.05% | +0.03 |
| PTON Peloton Interactive Inc. Class A | Add +115.0% | 0.04% | +0.03 |
| OSW Onespaworld Holdings Ltd. | Add +15.8% | 0.15% | +0.03 |
| WINA Winmark Corp. | Add +15.5% | 0.07% | +0.02 |
| INTC Intel Corp. | Add +584.7% | 0.03% | +0.02 |
| BOOT Boot Barn Holdings Inc. | Add +36.2% | 0.06% | +0.02 |
| ALRM Alarm.com Holdings Inc. | Add +42.8% | 0.07% | +0.02 |
| CERT Certara Inc. | Add +35.5% | 0.06% | +0.02 |
| ALKT Alkami Technology Inc. | Add +49.0% | 0.09% | +0.02 |
| KAI Kadant Inc. | Add +36.3% | 0.08% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | put | New | 890,000 | $215.3M |
| NEM Newmont Corp. | call | Reduce -47.4% | 2,157,500 | $181.9M |
| CSX CSX Corp. | call | New | 3,822,600 | $135.7M |
| IWM iShares Russell 2000 ETF | call | New | 387,800 | $93.8M |
| NVDA Nvidia Corp. | put | New | 481,300 | $89.8M |
| TER Teradyne Inc. | call | New | 340,300 | $46.8M |
| ONON On Holding AG Class A | call | New | 1,066,000 | $45.1M |
| NET Cloudflare Inc. Class A | call | Reduce -32.6% | 154,400 | $33.1M |
| FMC FMC Corp. | call | Add +37.1% | 813,100 | $27.3M |
| FXI iShares China Large-Cap ETF | call | Reduce -56.6% | 397,200 | $16.3M |
| VFC VF Corp. | call | Add +11.3% | 256,200 | $3.7M |
| PII Polaris Inc. | call | Reduce -31.2% | 52,700 | $3.1M |
| LLY Eli Lilly & Co. | put | Reduce -78.7% | 3,700 | $2.8M |
| EL Estee Lauder Companies Class A | call | Reduce -48.0% | 24,900 | $2.2M |
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 |