Select Equity Group, L.P.

Name: Select Equity Group, L.P. 13F holdings, Q4 2025
Creator: Select Equity Group, L.P.
Published: 2026-02-17

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

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%
IEFA iShares Core MSCI Eafe ETF	0.11%	270,412	$24.2M	New
FORM Formfactor Inc.	0.11%	426,819	$23.8M	Reduce -36.0%
MSCI MSCI Inc.	0.11%	40,591	$23.3M	Reduce -2.7%
KAI Kadant Inc.	0.10%	76,175	$21.7M	Add +25.2%
WAY Waystar Holding Corp.	0.10%	634,610	$20.8M	Add +16.4%
ALKT Alkami Technology Inc.	0.10%	892,343	$20.6M	Add +3.9%
ZWS Zurn Elkay Water Solutions C	0.09%	404,805	$18.8M	Add +37.3%
BMI Badger Meter Inc.	0.09%	107,870	$18.8M	Add +29.7%
KEX Kirby Corp.	0.08%	163,731	$18.0M	Add +19.5%
MIR Mirion Technologies Inc.	0.08%	769,033	$18.0M	Reduce -32.6%
ALRM Alarm.com Holdings Inc.	0.08%	344,031	$17.6M	Add +10.2%
FELE Franklin Electric Co. Inc.	0.08%	180,821	$17.3M	Add +27.6%
LQDT Liquidity Services Inc.	0.08%	567,434	$17.2M	Reduce -12.8%
BOOT Boot Barn Holdings Inc.	0.08%	94,981	$16.8M	Add +10.0%
VRRM Verra Mobility Corp.	0.08%	729,528	$16.3M	Add +45.6%
MLAB Mesa Laboratories Inc.	0.08%	206,435	$16.2M	Add +62.9%
BL Blackline Inc.	0.07%	274,540	$15.2M	Add +2.8%
AMRZ Amrize Ltd.	0.07%	273,393	$15.0M	Reduce -20.0%
IRDM Iridium Communications Inc.	0.07%	835,881	$14.5M	Reduce -21.3%
CERT Certara Inc.	0.06%	1,491,161	$13.1M	Add +33.1%
ACA Arcosa Inc.	0.06%	118,082	$12.6M	Add +12.8%
LOAR Loar Holdings Inc.	0.06%	182,530	$12.4M	Add +8.8%
WINA Winmark Corp.	0.06%	30,355	$12.3M	Reduce -3.4%
GE General Electric filed as GE AEROSPACE	0.06%	39,205	$12.1M	Add +1.4%
ROST Ross Stores Inc.	0.05%	64,807	$11.7M	Reduce -20.8%
ECG Everus Construction Group	0.05%	133,897	$11.5M	Reduce -9.8%
CLBT Cellebrite Di Ltd.	0.05%	620,142	$11.2M	Reduce -7.0%
OUT Outfront Media Inc.	0.05%	452,806	$10.9M	Reduce -0.7%
MYRG MYR Group Inc./Delaware	0.05%	48,919	$10.7M	Reduce -15.1%
ERII Energy Recovery Inc.	0.05%	773,577	$10.4M	Add +3.0%
ALH Alliance Laundry Holdings Inc.	0.05%	481,916	$9.8M	New
FNV Franco-Nevada Corp.	0.04%	42,377	$8.8M	Reduce -2.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.04%	29,726	$8.6M	New
GSHD Goosehead Insurance Inc. Class A	0.04%	112,809	$8.3M	Add +71.3%
ADEA Adeia Inc.	0.04%	475,156	$8.2M	Reduce -29.0%
LYB Lyondellbasell Indu Class A	0.04%	187,677	$8.1M	New
HUN Huntsman Corp.	0.04%	772,685	$7.7M	New
PTON Peloton Interactive Inc. Class A	0.04%	1,250,631	$7.7M	Add +13.4%
DOW Dow Inc.	0.04%	324,082	$7.6M	New
MDLN Medline Inc. Class A	0.03%	170,000	$7.1M	New
MID American Century Mid Cap Gro	0.03%	96,535	$6.3M	New
INTC Intel Corp.	0.03%	167,817	$6.2M	Reduce -4.9%
SPSC SPS Commerce Inc.	0.03%	66,972	$6.0M	Add +1.3%
ESE Esco Technologies Inc.	0.03%	29,629	$5.8M	New
MRCY Mercury Systems Inc.	0.03%	77,821	$5.7M	Reduce -25.1%
WLK Westlake Corp.	0.03%	74,997	$5.5M	New
COHR Coherent Corp.	0.03%	29,590	$5.5M	Reduce -74.0%
PTLO Portillo's Inc. Class A	0.02%	1,139,916	$5.2M	Add +16.8%
KRMN Karman Holdings Inc.	0.02%	65,096	$4.8M	Reduce -70.1%
UBER Uber Technologies Inc.	0.02%	51,729	$4.2M	No change
OC Owens Corning	0.02%	37,357	$4.2M	Reduce -92.1%
GFS Globalfoundries Inc.	0.02%	119,027	$4.2M	Add +70.5%
NP Neptune Insurance Holdi Class A	0.02%	140,961	$4.1M	New
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN	0.02%	153,228	$3.7M	Reduce -30.4%
CIEN Ciena Corp.	0.02%	15,098	$3.5M	Reduce -81.9%
DOO BRP Inc./Ca- Sub Voting	0.02%	48,397	$3.4M	Reduce -69.8%
CLFD Clearfield Inc.	0.01%	106,407	$3.1M	Reduce -31.0%
PRM Perimeter Solutions Inc.	0.01%	102,072	$2.8M	New
BIP Brookfield Infrastructure Pa	0.01%	62,951	$2.2M	Reduce -78.2%
GOGO Gogo Inc.	0.01%	297,731	$1.4M	Reduce -73.7%
IWR iShares Russell Mid-Cap ETF	0.01%	11,633	$1.1M	Add +1255.8%
PRLB Proto Labs Inc.	0.00%	11,919	$603K	Reduce -77.3%
IWM iShares Russell 2000 ETF	0.00%	1,251	$308K	New

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