In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Solel Partners LP reported 21 stock positions worth $492.9 million . Its top holding was Synchrony Financial (SYF) at 13.9% of the portfolio, followed by CVS Health (CVS, 13.0% ) and Brightstar Lottery (BRSL, 11.0% ). Compared with Q3 2024, it opened 4 new positions, added to 4 and reduced 5. The biggest buy was a new position in LPL Financial (LPLA) and the biggest sale Zuora Class A (ZUO, shares −81% ).
Location BOSTON, MA
CIK 0001790604
Portfolio Value $492.9M (Q4 2024) Holdings 21 stocks · $492.9M 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 Q3 2024 SYF Synchrony Financial 1,054,300 $68.5M No change CVS CVS Health Corp. 1,424,400 $63.9M Add +26.2% BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG 3,058,150 $54.0M Add +14.7% CI The Cigna Group 148,400 $41.0M Add +37.0% TNL Travel + Leisure Co. 787,317 $39.7M No change GO Grocery Outlet Holding Corp. 2,491,567 $38.9M Add +2.1% BASE Couchbase Inc. 1,947,867 $30.4M Reduce -2.0% LPLA LPL Financial Holdings Inc. 87,000 $28.4M New BIOX Bioceres Crop Solutions Corp. 4,579,364 $27.8M No change AMZN Amazon.com Inc. 108,470 $23.8M Reduce -33.2% CXM Sprinklr Inc. Class A 1,846,481 $15.6M Reduce -45.5% HDB HDFC Bank Ltd.-ADR 176,000 $11.2M No change HLF Herbalife Ltd. 1,169,405 $7.8M No change MLCO Melco Resorts & Entert-ADR 1,328,000 $7.7M No change EVRI Everi Holdings Inc. 515,187 $7.0M No change PGRE Paramount Group Inc. 1,360,076 $6.7M New LAW CS Disco Inc. 1,148,734 $5.7M Reduce -23.0% TRTX TPG Re Finance Trust Inc. 599,666 $5.1M New PUK Prudential PLC-ADR 266,592 $4.2M No change ZUO Zuora Inc. Class A 419,866 $4.2M Reduce -81.0% HUM Humana Inc. 4,400 $1.1M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $17.9M (not counted above) Total filed on the 13F, all lines: $510.7M.
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ ZUO Zuora Inc. Class A Reduce -81.0% 0.85% −3.04 CXM Sprinklr Inc. Class A Reduce -45.5% 3.17% −2.17 AMZN Amazon.com Inc. Reduce -33.2% 4.83% −1.34 LAW CS Disco Inc. Reduce -23.0% 1.16% −0.62 BASE Couchbase Inc. Reduce -2.0% 6.16% −0.37
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ LPLA LPL Financial Holdings Inc. New 5.76% +5.76 PGRE Paramount Group Inc. New 1.36% +1.36 TRTX TPG Re Finance Trust Inc. New 1.03% +1.03 CI The Cigna Group Add +37.0% 8.31% +0.67 HUM Humana Inc. New 0.23% +0.23 BRSL Brightstar Lottery PLC Add +14.7% 10.96% −0.62 GO Grocery Outlet Holding Corp. Add +2.1% 7.89% −0.83 CVS CVS Health Corp. Add +26.2% 12.97% −1.49
Notes & Other Activity Q3 2024 → Q4 2024 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 24 $588.5M HUM, UNH, CPT, SYF, TNL Q1 2026 19 $467.7M UNH, SYF, BRZE, TNL, CVS Q4 2025 22 $618.2M UNH, SYF, CVS, BRZE, BRSL Q3 2025 19 $519.8M UNH, BRSL, CVS, SYF, TNL Q2 2025 20 $574.5M SYF, BRSL, UNH, BASE, CVS Q1 2025 21 $540.1M SYF, BRSL, CVS, TNL, UNH Q4 2024 21 $492.9M SYF, CVS, BRSL, CI, TNL Q3 2024 17 $490.9M CVS, BRSL, SYF, GO, CI Q2 2024 21 $594.0M HUM, BIOX, SYF, BRSL, ZUO Q1 2024 18 $561.9M CI, BIOX, HUM, SYF, FNF