In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Sessa Capital IM, L.P. reported 27 stock positions worth $2.6 billion . Its top holding was Kellanova (K) at 15.7% of the portfolio, followed by Discover Financial Services (DFS, 12.9% ) and Abbott Laboratories (ABT, 10.3% ). Compared with Q1 2024, it opened 4 new positions, sold out of 4, added to 6 and reduced 7. The biggest buy was a new position in Abbott Laboratories (ABT) and the biggest sale an exit from First Citizens Bcshs Class A (FCNCA).
Location NEW YORK, NY
CIK 0001595849
Portfolio Value $2.6B (Q2 2024) Holdings 27 stocks · $2.6B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 K Kellanova 6,959,308 $401.4M No change DFS Discover Financial Services 2,528,879 $330.8M Reduce -1.1% ABT Abbott Laboratories 2,549,093 $264.9M New CCK Crown Holdings Inc. 3,289,374 $244.7M Add +153.0% EQH Equitable Holdings Inc. 4,995,719 $204.1M Reduce -3.5% ALLY Ally Financial Inc. 4,682,126 $185.7M Reduce -1.0% WBD Warner Bros Discovery Inc. 22,784,883 $169.5M Add +28.8% FTRE Fortrea Holdings Inc. 6,750,000 $157.5M Add +5.9% GTX Garrett Motion Inc. 14,289,203 $122.7M No change USFD US Foods Holding Corp. 2,000,000 $106.0M No change T AT&T Inc. 4,166,191 $79.6M Reduce -35.1% THS Treehouse Foods Inc. 1,735,437 $63.6M Reduce -19.6% SHC Sotera Health Co. 4,300,597 $51.0M Add +7.5% GRAL Grail Inc. 2,450,000 $37.7M New ROKU Roku Inc. 500,000 $30.0M Reduce -9.5% BMEZ BlackRock HLTH Sci TRM TR II 1,853,022 $28.5M Add +27.1% TGNA Tegna Inc. 1,784,471 $24.9M Reduce -6.0% BTX BlackRock Tech & Priv Eqty 2,739,993 $19.8M Add +14.9% ZBRA Zebra Technologies Corp. Class A 55,400 $17.1M New ASA ASA Gold and Precious Metals 550,000 $9.6M No change PYPL PayPal Holdings Inc. 100,000 $5.8M No change AGL Agilon Health Inc. 599,875 $3.9M No change SABS Sab Biotherapeutics Inc. 458,457 $1.4M No change BALY Bally's Corp. 95,827 $1.1M No change ULS Ul Solutions Inc. Class A 10,000 $422K New FLG New York Community Bancorp 96,359 $310K No change BHR Braemar Hotels & Resorts Inc. 25,951 $66K No change
Options reported separately and not counted above: TSLA puts ($623.3M), ALB puts ($57.3M), LIT puts ($54.3M).
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ FCNCA First Citizens Bcshs Class A Sold out 0.00% −6.27 WBA Walgreens Boots Alliance Inc. Sold out 0.00% −4.03 PRGO Perrigo Co. PLC Sold out 0.00% −1.36 T AT&T Inc. Reduce -35.1% 3.11% −1.29 THS Treehouse Foods Inc. Reduce -19.6% 2.48% −0.79 CLEARBRIDGE MLP AND MIDSTRM Sold out 0.00% −0.32 ROKU Roku Inc. Reduce -9.5% 1.17% −0.23 ALLY Ally Financial Inc. Reduce -1.0% 7.25% −0.22 DFS Discover Financial Services Reduce -1.1% 12.91% −0.14 TGNA Tegna Inc. Reduce -6.0% 0.97% −0.13 EQH Equitable Holdings Inc. Reduce -3.5% 7.97% +0.31
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ ABT Abbott Laboratories New 10.34% +10.34 CCK Crown Holdings Inc. Add +153.0% 9.55% +5.54 GRAL Grail Inc. New 1.47% +1.47 ZBRA Zebra Technologies Corp. Class A New 0.67% +0.67 WBD Warner Bros Discovery Inc. Add +28.8% 6.62% +0.61 BMEZ BlackRock HLTH Sci TRM TR II Add +27.1% 1.11% +0.18 SHC Sotera Health Co. Add +7.5% 1.99% +0.12 BTX BlackRock Tech & Priv Eqty Add +14.9% 0.77% +0.02 ULS Ul Solutions Inc. Class A New 0.02% +0.02 FTRE Fortrea Holdings Inc. Add +5.9% 6.15% −3.81
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put Reduce -65.6% 3,150,000 $623.3M ALB Albemarle Corp. put Add +100.0% 600,000 $57.3M LIT Global X Lithium & Battery T put New 1,400,000 $54.3M NVDA Nvidia Corp. put Sold out 220,000 $19.9Mbefore 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 26 $5.8B HUM, WBD, KMB, SHC, PCG Q1 2026 31 $5.3B WBD, HUM, PCG, KMB, ILMN Q4 2025 27 $5.0B WBD, HUM, ILMN, PCG, COF Q3 2025 27 $4.0B WBD, HUM, ILMN, COF, PCG Q2 2025 28 $3.3B WBD, HUM, ILMN, COF, PCG Q1 2025 29 $2.4B PCG, WBD, DFS, ABT, CCK Q4 2024 25 $2.6B ABT, DFS, WBD, CCK, HUM Q3 2024 28 $2.6B ABT, DFS, CCK, WBD, EQH Q2 2024 27 $2.6B K, DFS, ABT, CCK, EQH Q1 2024 27 $2.6B K, DFS, FTRE, EQH, ALLY