In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Sessa Capital IM, L.P. reported 28 stock positions worth $2.6 billion . Its top holding was Abbott Laboratories (ABT) at 16.3% of the portfolio, followed by Discover Financial Services (DFS, 13.2% ) and Crown (CCK, 11.1% ). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 5 and reduced 10. The biggest buy was Abbott Laboratories (ABT, shares +47% ) and the biggest sale Kellanova (K, shares −87% ).
Location NEW YORK, NY
CIK 0001595849
Portfolio Value $2.6B (Q3 2024) Holdings 28 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 Q2 2024 ABT Abbott Laboratories 3,749,502 $427.5M Add +47.1% DFS Discover Financial Services 2,457,879 $344.8M Reduce -2.8% CCK Crown Holdings Inc. 3,042,374 $291.7M Reduce -7.5% WBD Warner Bros Discovery Inc. 28,410,428 $234.4M Add +24.7% EQH Equitable Holdings Inc. 4,035,058 $169.6M Reduce -19.2% ALLY Ally Financial Inc. 4,682,126 $166.6M No change FTRE Fortrea Holdings Inc. 6,908,044 $138.2M Add +2.3% USFD US Foods Holding Corp. 2,000,000 $123.0M No change GTX Garrett Motion Inc. 14,289,203 $116.9M No change SHC Sotera Health Co. 6,300,597 $105.2M Add +46.5% T AT&T Inc. 3,666,191 $80.7M Reduce -12.0% SIRI Sirius XM Holdings Inc. 3,297,373 $78.0M New K Kellanova 913,136 $73.7M Reduce -86.9% THS Treehouse Foods Inc. 1,461,304 $61.3M Reduce -15.8% J Jacobs Solutions Inc. 352,693 $46.2M New GRAL Grail Inc. 3,000,000 $41.3M Add +22.4% ROKU Roku Inc. 350,000 $26.1M Reduce -30.0% BMEZ BlackRock HLTH Sci TRM TR II 1,647,590 $26.1M Reduce -11.1% TGNA Tegna Inc. 1,184,471 $18.7M Reduce -33.6% BTX BlackRock Tech & Priv Eqty 2,377,464 $17.9M Reduce -13.2% AMTM Amentum Holdings Inc. 354,699 $11.4M New ASA ASA Gold and Precious Metals 550,000 $11.4M No change AGL Agilon Health Inc. 599,875 $2.4M No change BALY Bally's Corp. 95,827 $1.7M No change SABS Sab Biotherapeutics Inc. 458,457 $1.2M No change ULS Ul Solutions Inc. Class A 10,000 $493K No change FLG Flagstar Bank NA filed as NEW YORK CMNTY BANCORP INC 32,119 $361K No change BHR Braemar Hotels & Resorts Inc. 25,951 $80K No change
Options reported separately and not counted above: UHS calls ($75.9M), ACHC calls ($15.9M), EVH calls ($4.2M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ K Kellanova Reduce -86.9% 2.82% −12.85 EQH Equitable Holdings Inc. Reduce -19.2% 6.48% −1.49 ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.67 TGNA Tegna Inc. Reduce -33.6% 0.71% −0.26 PYPL PayPal Holdings Inc. Sold out 0.00% −0.23 ROKU Roku Inc. Reduce -30.0% 1.00% −0.17 THS Treehouse Foods Inc. Reduce -15.8% 2.34% −0.14 BMEZ BlackRock HLTH Sci TRM TR II Reduce -11.1% 1.00% −0.11 BTX BlackRock Tech & Priv Eqty Reduce -13.2% 0.69% −0.09 T AT&T Inc. Reduce -12.0% 3.08% −0.03 DFS Discover Financial Services Reduce -2.8% 13.18% +0.27 CCK Crown Holdings Inc. Reduce -7.5% 11.15% +1.60
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ ABT Abbott Laboratories Add +47.1% 16.34% +6.00 SIRI Sirius XM Holdings Inc. New 2.98% +2.98 WBD Warner Bros Discovery Inc. Add +24.7% 8.96% +2.34 SHC Sotera Health Co. Add +46.5% 4.02% +2.03 J Jacobs Solutions Inc. New 1.76% +1.76 AMTM Amentum Holdings Inc. New 0.44% +0.44 GRAL Grail Inc. Add +22.4% 1.58% +0.11 FTRE Fortrea Holdings Inc. Add +2.3% 5.28% −0.87
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ TSLA Tesla Inc. put Sold out 3,150,000 $623.3Mbefore exit UHS Universal Health Services-B call New 331,300 $75.9M ALB Albemarle Corp. put Sold out 600,000 $57.3Mbefore exit LIT Global X Lithium & Battery T put Sold out 1,400,000 $54.3Mbefore exit ACHC Acadia Healthcare Co. Inc. call New 250,000 $15.9M EVH Evolent Health Inc. Class A call New 150,000 $4.2M
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 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