Select Equity Group, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Select Equity Group, L.P. reported 163 stock positions worth $21.5 billion. Its top holding was Viking (VIK) at 4.6% of the portfolio, followed by Somnigroup International (SGI, 4.3%) and Markel (MKL, 4.3%). Compared with Q3 2025, it opened 28 new positions, sold out of 17, added to 55 and reduced 79. The biggest buy was Markel (MKL, shares +12%) and the biggest sale CDW (CDW, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001592643
- Portfolio Value
- $21.5B (Q4 2025)
- SEC Filing
- 0001592643-26-000004 ↗ filed Feb 17, 2026
Holdings Value
Holdings 163 stocks · $21.5B
| VIK Viking Holdings Ltd. | 4.61% | 13,906,877 | $993.1M | Reduce -9.2% |
| SGI Somnigroup International Inc. | 4.32% | 10,429,043 | $931.1M | Reduce -10.9% |
| MKL Markel Group Inc. | 4.27% | 427,882 | $919.8M | Add +11.8% |
| CRH CRH PLC | 3.93% | 6,779,428 | $846.1M | Reduce -21.4% |
| LYV Live Nation Entertainment Inc. | 3.70% | 5,586,172 | $796.0M | Add +0.3% |
| WAB Wabtec Corp. | 3.53% | 3,559,419 | $759.8M | Reduce -3.5% |
| BRO Brown & Brown Inc. | 3.49% | 9,434,802 | $752.0M | Add +55.3% |
| MLM Martin Marietta Materials | 3.09% | 1,067,530 | $664.7M | Add +3.0% |
| PAYX Paychex Inc. | 2.98% | 5,716,237 | $641.2M | Add +31.2% |
| ITT Itt Inc. | 2.92% | 3,625,271 | $629.0M | Reduce -8.0% |
| TSCO Tractor Supply Company | 2.91% | 12,544,591 | $627.4M | Add +3.4% |
| TRMB Trimble Inc. | 2.65% | 7,298,271 | $571.8M | Reduce -4.5% |
| LH Labcorp Holdings Inc. | 2.46% | 2,110,779 | $529.6M | Add +14.9% |
| SCI Service Corp. International | 2.33% | 6,426,585 | $501.1M | Reduce -2.8% |
| ALC Alcon Inc. filed as ALCON AG | 2.31% | 6,218,304 | $496.7M | Reduce -7.6% |
| STE Steris PLC | 2.27% | 1,928,033 | $488.8M | Reduce -2.5% |
| MIDD Middleby Corp. | 2.09% | 3,028,289 | $450.2M | Reduce -27.8% |
| CNM Core & Main Inc. Class A | 1.88% | 7,778,376 | $404.2M | Reduce -19.7% |
| NDAQ Nasdaq Inc. | 1.69% | 3,752,757 | $364.5M | Add +26.3% |
| CPAY Corpay Inc. | 1.57% | 1,121,925 | $337.6M | Reduce -3.1% |
| MORN Morningstar Inc. | 1.54% | 1,522,492 | $330.9M | Reduce -27.6% |
| CP Canadian Pacific Kansas City | 1.52% | 4,444,219 | $327.6M | Add +12.1% |
| CDW CDW Corp. | 1.44% | 2,277,495 | $310.2M | Reduce -45.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.43% | 1,013,739 | $308.1M | Reduce -54.3% |
| JLL Jones Lang Lasalle Inc. | 1.42% | 911,723 | $306.8M | Reduce -20.2% |
| SIG Signet Jewelers Ltd. | 1.37% | 3,556,612 | $294.8M | Reduce -7.5% |
| EME Emcor Group Inc. | 1.31% | 462,505 | $283.0M | Reduce -37.1% |
| V Visa Inc. Class A | 1.21% | 745,424 | $261.4M | Add +43.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.13% | 2,692,084 | $242.4M | Reduce -8.1% |
| CAE Cae Inc. | 1.07% | 7,586,679 | $231.0M | Add +9.4% |
| FTV Fortive Corp. | 0.99% | 3,862,464 | $213.2M | Add +45.4% |
| CLH Clean Harbors Inc. | 0.92% | 849,499 | $199.2M | Add +9.8% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 315,032 | $182.5M | Add +95.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.84% | 1,127,837 | $181.3M | New |
| TECH Bio-Techne Corp. | 0.77% | 2,837,142 | $166.9M | Add +26.0% |
| WDAY Workday Inc. Class A | 0.73% | 727,709 | $156.3M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.69% | 476,878 | $149.6M | Reduce -27.6% |
| INTU Intuit Inc. | 0.64% | 207,997 | $137.8M | Add +38.9% |
| NVDA Nvidia Corp. | 0.61% | 700,870 | $130.7M | Reduce -34.7% |
| AMZN Amazon.com Inc. | 0.61% | 565,297 | $130.5M | Add +26.1% |
| PWR Quanta Services Inc. | 0.60% | 304,355 | $128.5M | Reduce -59.2% |
| FBIN Fortune Brands Innovations I | 0.55% | 2,347,419 | $117.4M | Reduce -46.1% |
| GRMN Garmin Ltd. | 0.50% | 534,056 | $108.3M | Add +14.1% |
| APO Apollo Global Management Inc. | 0.49% | 727,557 | $105.3M | Add +4.3% |
| DKS Dick's Sporting Goods Inc. | 0.49% | 529,756 | $104.9M | Add +82.8% |
| ENTG Entegris Inc. | 0.49% | 1,242,342 | $104.7M | Reduce -10.8% |
| MSFT Microsoft Corp. | 0.48% | 212,372 | $102.7M | Reduce -11.2% |
| CR Crane Co. | 0.47% | 551,194 | $101.7M | Reduce -3.8% |
| TDY Teledyne Technologies Inc. | 0.47% | 198,189 | $101.2M | Reduce -49.3% |
| PKG Packaging Corp. of America | 0.47% | 487,098 | $100.5M | Reduce -51.2% |
| PTC PTC Inc. | 0.46% | 568,572 | $99.1M | Reduce -50.5% |
| CRM Salesforce Inc. | 0.46% | 370,825 | $98.2M | Add +12.9% |
| ADBE Adobe Inc. | 0.45% | 279,098 | $97.7M | Reduce -12.4% |
| SPOT Spotify Technology SA | 0.45% | 167,366 | $97.2M | New |
| SHOP Shopify Inc. Class A | 0.45% | 598,647 | $96.4M | Reduce -72.9% |
| APH Amphenol Corp. Class A | 0.42% | 665,251 | $89.9M | Reduce -28.5% |
| ROL Rollins Inc. | 0.42% | 1,494,681 | $89.7M | Add +25.7% |
| IDXX Idexx Laboratories Inc. | 0.41% | 131,386 | $88.9M | Reduce -53.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.40% | 1,873,818 | $87.1M | New |
| AIZ Assurant Inc. | 0.39% | 348,607 | $84.0M | New |
| NKE Nike Inc. Class B | 0.37% | 1,236,317 | $78.8M | New |
| DHR Danaher Corp. | 0.36% | 342,933 | $78.5M | Reduce -20.4% |
| BWXT BWX Technologies Inc. | 0.35% | 430,113 | $74.3M | Reduce -39.2% |
| JOE The St Joe Co. | 0.33% | 1,181,452 | $70.1M | Add +15.4% |
| QXO Qxo Inc. | 0.31% | 3,462,708 | $66.8M | Reduce -4.4% |
| APG Api Group Corp. | 0.31% | 1,727,924 | $66.1M | Reduce -29.7% |
| META Meta Platforms Inc. Class A | 0.22% | 71,111 | $46.9M | Reduce -51.0% |
| BN Brookfield Corp. | 0.21% | 996,111 | $45.8M | Reduce -16.1% |
| LAMR Lamar Advertising Co. Class A | 0.21% | 354,586 | $44.9M | Add +90.0% |
| USLM United States Lime & Mineral | 0.20% | 367,305 | $44.0M | Reduce -12.3% |
| WSM Williams-Sonoma Inc. | 0.19% | 232,307 | $41.5M | Reduce -8.2% |
| UNP Union Pacific Corp. | 0.19% | 179,275 | $41.5M | New |
| WTM White Mountains Insurance GP | 0.19% | 19,713 | $41.0M | Add +16.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.19% | 600,269 | $40.3M | New |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.19% | 907,211 | $40.3M | New |
| VXUS Vanguard Total Intl Stock | 0.19% | 533,471 | $40.2M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.19% | 546,590 | $40.2M | New |
| IXUS iShares Core Intl Stock ETF | 0.19% | 474,760 | $40.2M | New |
| CASY Casey's General Stores Inc. | 0.18% | 71,749 | $39.7M | Add +28.7% |
| SPGI S&P Global Inc. | 0.18% | 74,946 | $39.2M | Add +50.3% |
| CWST Casella Waste Systems Inc. Class A | 0.17% | 374,229 | $36.7M | Add +19.6% |
| NEM Newmont Corp. | 0.16% | 354,102 | $35.4M | Reduce -74.3% |
| CARG Cargurus Inc. | 0.16% | 919,189 | $35.3M | Reduce -23.6% |
| MTD Mettler-Toledo International | 0.16% | 24,664 | $34.4M | Reduce -35.6% |
| DSGX The Descartes Systems Grp | 0.16% | 382,354 | $33.6M | New |
| OSW Onespaworld Holdings Ltd. | 0.15% | 1,600,177 | $33.2M | Reduce -2.6% |
| CSW CSW Industrials Inc. | 0.15% | 108,194 | $31.8M | Add +30.3% |
| PII Polaris Inc. | 0.15% | 500,028 | $31.6M | Reduce -8.3% |
| NIQ Niq Global Intelligence PLC | 0.15% | 1,903,982 | $31.4M | Add +12.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.15% | 460,106 | $31.3M | New |
| CHEF The Chefs' Warehouse Inc. | 0.15% | 502,188 | $31.3M | Add +15.8% |
| SSB Southstate Bank Corp. | 0.14% | 323,140 | $30.4M | Reduce -35.8% |
| HLNE Hamilton Lane Inc. Class A | 0.14% | 219,322 | $29.5M | New |
| CDRE Cadre Holdings Inc. | 0.14% | 719,024 | $29.4M | Reduce -2.0% |
| AVGO Broadcom Inc. | 0.13% | 82,374 | $28.5M | Reduce -75.7% |
| NOW ServiceNow Inc. | 0.12% | 171,131 | $26.2M | Reduce -3.2% |
| MCO Moody's Corp. | 0.12% | 51,267 | $26.2M | Reduce -2.2% |
| NET Cloudflare Inc. Class A | 0.12% | 130,773 | $25.8M | Reduce -59.6% |
| SSD Simpson Manufacturing Co. Inc. | 0.12% | 159,549 | $25.8M | New |
| CINF Cincinnati Financial Corp. | 0.12% | 151,908 | $24.8M | Add +6.7% |
Options reported separately and not counted above: QQQ puts ($1.1B), HOOD puts ($116.7M), NEM calls ($58.6M), CRWV puts ($49.2M), ONON calls ($48.9M), OKLO puts ($46.0M), CRM calls ($42.4M), OC calls ($39.0M), BE puts ($38.4M), NKE calls ($38.1M), INTU calls ($28.1M), MIDD calls ($25.5M), and 7 more.
Portfolio Sells Q3 2025 → Q4 2025
| CDW CDW Corp. | Reduce -45.2% | 1.44% | −1.39 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -54.3% | 1.43% | −1.22 |
| SHOP Shopify Inc. Class A | Reduce -72.9% | 0.45% | −0.96 |
| EME Emcor Group Inc. | Reduce -37.1% | 1.31% | −0.73 |
| PWR Quanta Services Inc. | Reduce -59.2% | 0.60% | −0.72 |
| MORN Morningstar Inc. | Reduce -27.6% | 1.54% | −0.55 |
| PTC PTC Inc. | Reduce -50.5% | 0.46% | −0.54 |
| TDY Teledyne Technologies Inc. | Reduce -49.3% | 0.47% | −0.51 |
| CRH CRH PLC | Reduce -21.4% | 3.93% | −0.49 |
| PKG Packaging Corp. of America | Reduce -51.2% | 0.47% | −0.46 |
| FBIN Fortune Brands Innovations I | Reduce -46.1% | 0.55% | −0.45 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.37 |
| IDXX Idexx Laboratories Inc. | Reduce -53.4% | 0.41% | −0.36 |
| CNM Core & Main Inc. Class A | Reduce -19.7% | 1.88% | −0.35 |
| AVGO Broadcom Inc. | Reduce -75.7% | 0.13% | −0.35 |
| NEM Newmont Corp. | Reduce -74.3% | 0.16% | −0.33 |
| MIDD Middleby Corp. | Reduce -27.8% | 2.09% | −0.30 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.27 |
| OC Owens Corning | Reduce -92.1% | 0.02% | −0.27 |
| NVDA Nvidia Corp. | Reduce -34.7% | 0.61% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -51.0% | 0.22% | −0.24 |
| BWXT BWX Technologies Inc. | Reduce -39.2% | 0.35% | −0.21 |
| SIG Signet Jewelers Ltd. | Reduce -7.5% | 1.37% | −0.21 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.21 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −0.18 |
| NET Cloudflare Inc. Class A | Reduce -59.6% | 0.12% | −0.18 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.18 |
| VCTR Victory Capital Holding - A | Sold out | 0.00% | −0.17 |
| WT Wisdomtree Inc. | Sold out | 0.00% | −0.14 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.14 |
| ITT Itt Inc. | Reduce -8.0% | 2.92% | −0.09 |
| APH Amphenol Corp. Class A | Reduce -28.5% | 0.42% | −0.07 |
| SSB Southstate Bank Corp. | Reduce -35.8% | 0.14% | −0.07 |
| ENTG Entegris Inc. | Reduce -10.8% | 0.49% | −0.06 |
| APG Api Group Corp. | Reduce -29.7% | 0.31% | −0.05 |
| MSFT Microsoft Corp. | Reduce -11.2% | 0.48% | −0.05 |
| KRMN Karman Holdings Inc. | Reduce -70.1% | 0.02% | −0.05 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.04 |
| BJ Bj's Wholesale Club Holdings | Reduce -8.1% | 1.13% | −0.04 |
| MTD Mettler-Toledo International | Reduce -35.6% | 0.16% | −0.04 |
| CIEN Ciena Corp. | Reduce -81.9% | 0.02% | −0.04 |
| GOGO Gogo Inc. | Reduce -73.7% | 0.01% | −0.04 |
| JLL Jones Lang Lasalle Inc. | Reduce -20.2% | 1.42% | −0.03 |
| USLM United States Lime & Mineral | Reduce -12.3% | 0.20% | −0.03 |
| BIP Brookfield Infrastructure Pa | Reduce -78.2% | 0.01% | −0.03 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.03 |
| MIR Mirion Technologies Inc. | Reduce -32.6% | 0.08% | −0.03 |
| CARG Cargurus Inc. | Reduce -23.6% | 0.16% | −0.03 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Reduce -12.4% | 0.45% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| MKL Markel Group Inc. | Add +11.8% | 4.27% | +1.14 |
| BRO Brown & Brown Inc. | Add +55.3% | 3.49% | +1.05 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.84% | +0.84 |
| PAYX Paychex Inc. | Add +31.2% | 2.98% | +0.61 |
| NDAQ Nasdaq Inc. | Add +26.3% | 1.69% | +0.57 |
| TMO Thermo Fisher Scientific Inc. | Add +95.1% | 0.85% | +0.51 |
| V Visa Inc. Class A | Add +43.6% | 1.21% | +0.46 |
| SPOT Spotify Technology SA | New | 0.45% | +0.45 |
| FTV Fortive Corp. | Add +45.4% | 0.99% | +0.43 |
| ONON On Holding AG Class A | New | 0.40% | +0.40 |
| AIZ Assurant Inc. | New | 0.39% | +0.39 |
| NKE Nike Inc. Class B | New | 0.37% | +0.37 |
| MLM Martin Marietta Materials | Add +3.0% | 3.09% | +0.29 |
| CP Canadian Pacific Kansas City | Add +12.1% | 1.52% | +0.26 |
| TECH Bio-Techne Corp. | Add +26.0% | 0.77% | +0.24 |
| DKS Dick's Sporting Goods Inc. | Add +82.8% | 0.49% | +0.21 |
| LH Labcorp Holdings Inc. | Add +14.9% | 2.46% | +0.20 |
| INTU Intuit Inc. | Add +38.9% | 0.64% | +0.20 |
| CAE Cae Inc. | Add +9.4% | 1.07% | +0.19 |
| UNP Union Pacific Corp. | New | 0.19% | +0.19 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.19% | +0.19 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.19% | +0.19 |
| VXUS Vanguard Total Intl Stock | New | 0.19% | +0.19 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.19% | +0.19 |
| IXUS iShares Core Intl Stock ETF | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | Add +26.1% | 0.61% | +0.18 |
| CLH Clean Harbors Inc. | Add +9.8% | 0.92% | +0.16 |
| DSGX The Descartes Systems Grp | New | 0.16% | +0.16 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.15% | +0.15 |
| HLNE Hamilton Lane Inc. Class A | New | 0.14% | +0.14 |
| CRM Salesforce Inc. | Add +12.9% | 0.46% | +0.12 |
| SSD Simpson Manufacturing Co. Inc. | New | 0.12% | +0.12 |
| ROL Rollins Inc. | Add +25.7% | 0.42% | +0.12 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.11% | +0.11 |
| LAMR Lamar Advertising Co. Class A | Add +90.0% | 0.21% | +0.11 |
| JOE The St Joe Co. | Add +15.4% | 0.33% | +0.11 |
| APO Apollo Global Management Inc. | Add +4.3% | 0.49% | +0.09 |
| SPGI S&P Global Inc. | Add +50.3% | 0.18% | +0.08 |
| WTM White Mountains Insurance GP | Add +16.3% | 0.19% | +0.07 |
| CSW CSW Industrials Inc. | Add +30.3% | 0.15% | +0.06 |
| CASY Casey's General Stores Inc. | Add +28.7% | 0.18% | +0.05 |
| ALH Alliance Laundry Holdings Inc. | New | 0.05% | +0.05 |
| CWST Casella Waste Systems Inc. Class A | Add +19.6% | 0.17% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.04% | +0.04 |
| MLAB Mesa Laboratories Inc. | Add +62.9% | 0.08% | +0.04 |
| LYB Lyondellbasell Indu Class A | New | 0.04% | +0.04 |
| CHEF The Chefs' Warehouse Inc. | Add +15.8% | 0.15% | +0.04 |
| HUN Huntsman Corp. | New | 0.04% | +0.04 |
| DOW Dow Inc. | New | 0.04% | +0.04 |
| KEX Kirby Corp. | Add +19.5% | 0.08% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | put | New | 1,720,000 | $1.1B |
| IWM iShares Russell 2000 ETF | put | Sold out | 890,000 | $215.3Mbefore exit |
| CSX CSX Corp. | call | Sold out | 3,822,600 | $135.7Mbefore exit |
| HOOD Robinhood Markets Inc. Class A | put | New | 1,032,000 | $116.7M |
| IWM iShares Russell 2000 ETF | call | Sold out | 387,800 | $93.8Mbefore exit |
| NVDA Nvidia Corp. | put | Sold out | 481,300 | $89.8Mbefore exit |
| NEM Newmont Corp. | call | Reduce -72.8% | 586,600 | $58.6M |
| CRWV Coreweave Inc. Class A | put | New | 687,000 | $49.2M |
| ONON On Holding AG Class A | call | Reduce -1.3% | 1,051,700 | $48.9M |
| TER Teradyne Inc. | call | Sold out | 340,300 | $46.8Mbefore exit |
| OKLO Oklo Inc. | put | New | 640,600 | $46.0M |
| CRM Salesforce Inc. | call | New | 159,900 | $42.4M |
| OC Owens Corning | call | New | 348,400 | $39.0M |
| BE Bloom Energy Corp. Class A | put | New | 441,600 | $38.4M |
| NKE Nike Inc. Class B | call | New | 598,000 | $38.1M |
| NET Cloudflare Inc. Class A | call | Sold out | 154,400 | $33.1Mbefore exit |
| INTU Intuit Inc. | call | New | 42,400 | $28.1M |
| FMC FMC Corp. | call | Sold out | 813,100 | $27.3Mbefore exit |
| MIDD Middleby Corp. | call | New | 171,400 | $25.5M |
| FBIN Fortune Brands Innovations I | call | New | 508,600 | $25.4M |
| FXI iShares China Large-Cap ETF | call | Sold out | 397,200 | $16.3Mbefore exit |
| MSTR Strategy Inc. | put | New | 90,100 | $13.7M |
| BLDR Builders Firstsource Inc. | call | New | 120,100 | $12.4M |
| ENTG Entegris Inc. | call | New | 114,500 | $9.6M |
| VFC VF Corp. | call | Add +8.3% | 277,400 | $5.0M |
| LLY Eli Lilly & Co. | put | Reduce -10.8% | 3,300 | $3.5M |
| PII Polaris Inc. | call | Reduce -26.8% | 38,600 | $2.4M |
| EL Estee Lauder Companies Class A | call | Sold out | 24,900 | $2.2Mbefore 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 |