Solel Partners LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Solel Partners LP reported 20 stock positions worth $574.5 million. Its top holding was Synchrony Financial (SYF) at 14.1% of the portfolio, followed by Brightstar Lottery (BRSL, 12.3%) and Unitedhealth (UNH, 10.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 6 and reduced 4. The biggest buy was Couchbase (BASE, shares +12%) and the biggest sale an exit from Cigna (CI).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001790604
- Portfolio Value
- $574.5M (Q2 2025)
- SEC Filing
- 0000905148-25-002940 ↗ filed Aug 14, 2025
Holdings Value
Holdings 20 stocks · $574.5M
| SYF Synchrony Financial | 14.08% | 1,211,600 | $80.9M | Add +13.7% |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 12.33% | 4,481,624 | $70.9M | Add +35.6% |
| UNH Unitedhealth Group Inc. | 10.18% | 187,527 | $58.5M | Add +183.7% |
| BASE Couchbase Inc. | 10.08% | 2,375,367 | $57.9M | Add +12.1% |
| CVS CVS Health Corp. | 8.10% | 674,300 | $46.5M | Reduce -12.9% |
| TNL Travel + Leisure Co. | 7.07% | 787,317 | $40.6M | No change |
| LPLA LPL Financial Holdings Inc. | 5.68% | 87,000 | $32.6M | No change |
| PGRE Paramount Group Inc. | 4.46% | 4,202,729 | $25.6M | Add +17.3% |
| CXM Sprinklr Inc. Class A | 4.38% | 2,972,463 | $25.1M | Reduce -20.1% |
| HUM Humana Inc. | 3.92% | 92,200 | $22.5M | Reduce -11.0% |
| CZR Caesars Entertainment Inc. | 3.86% | 780,750 | $22.2M | Reduce -31.7% |
| DHI D.R. Horton Inc. | 3.59% | 160,000 | $20.6M | New |
| BIOX Bioceres Crop Solutions Corp. | 3.56% | 4,579,364 | $20.5M | No change |
| HLF Herbalife Ltd. | 2.50% | 1,669,405 | $14.4M | Add +18.7% |
| MLCO Melco Resorts & Entert-ADR | 1.67% | 1,328,000 | $9.6M | No change |
| TRTX TPG Re Finance Trust Inc. | 1.17% | 873,686 | $6.7M | No change |
| PUK Prudential PLC-ADR | 1.16% | 266,592 | $6.7M | No change |
| JCAP Jefferson Capital Inc. | 1.01% | 314,764 | $5.8M | New |
| LAW CS Disco Inc. | 0.84% | 1,105,244 | $4.8M | No change |
| XPOF Xponential Fitness Inc. Class A | 0.34% | 259,660 | $1.9M | New |
Portfolio Sells Q1 2025 → Q2 2025
| CI The Cigna Group | Sold out | 0.00% | −5.67 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −5.66 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −3.82 |
| CVS CVS Health Corp. | Reduce -12.9% | 8.10% | −1.62 |
| CZR Caesars Entertainment Inc. | Reduce -31.7% | 3.86% | −1.43 |
| CXM Sprinklr Inc. Class A | Reduce -20.1% | 4.38% | −1.38 |
| HUM Humana Inc. | Reduce -11.0% | 3.92% | −1.15 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −0.52 |
Portfolio Buys Q1 2025 → Q2 2025
| BASE Couchbase Inc. | Add +12.1% | 10.08% | +3.90 |
| UNH Unitedhealth Group Inc. | Add +183.7% | 10.18% | +3.77 |
| SYF Synchrony Financial | Add +13.7% | 14.08% | +3.63 |
| DHI D.R. Horton Inc. | New | 3.59% | +3.59 |
| BRSL Brightstar Lottery PLC | Add +35.6% | 12.33% | +2.38 |
| PGRE Paramount Group Inc. | Add +17.3% | 4.46% | +1.61 |
| JCAP Jefferson Capital Inc. | New | 1.01% | +1.01 |
| XPOF Xponential Fitness Inc. Class A | New | 0.34% | +0.34 |
| HLF Herbalife Ltd. | Add +18.7% | 2.50% | +0.26 |
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 |