Southpoint Capital Advisors LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Southpoint Capital Advisors LP reported 40 stock positions worth $4.1 billion . Its top holding was Synchrony Financial (SYF) at 6.4% of the portfolio, followed by Progressive (PGR, 5.8% ) and Microsoft (MSFT, 5.0% ). Compared with Q4 2024, it opened 11 new positions, sold out of 9, added to 17 and reduced 5. The biggest buy was a new position in Becton Dickinson and (BDX) and the biggest sale an exit from Uber Technologies (UBER).
Location NEW YORK, NY
CIK 0001319998
Portfolio Value $4.1B (Q1 2025) Holdings 40 stocks · $4.1B 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 Q4 2024 SYF Synchrony Financial 5,000,000 $264.7M Add +25.0% PGR Progressive Corp. 850,000 $240.6M Add +6.3% MSFT Microsoft Corp. 550,000 $206.5M Add +22.2% COF Capital One Financial Corp. 1,150,000 $206.2M Reduce -11.5% HUM Humana Inc. 750,000 $198.4M No change WTW Willis Towers Watson PLC 550,000 $185.9M Reduce -21.4% HSIC Henry Schein Inc. 2,600,000 $178.1M No change TPR Tapestry Inc. 2,500,000 $176.0M Add +25.0% CEG Constellation Energy 800,000 $161.3M Add +33.3% ADBE Adobe Inc. 400,000 $153.4M Add +23.1% PINS Pinterest Inc. Class A 4,700,000 $145.7M Add +17.5% BDX Becton Dickinson and Co. 600,000 $137.4M New LPLA LPL Financial Holdings Inc. 400,000 $130.9M Reduce -33.3% W Wayfair Inc. Class A 4,000,000 $128.1M Add +42.9% PRMB Primo Brands Corp. 3,500,000 $124.2M Add +40.0% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 1,250,000 $116.1M No change FLUT Flutter Entertainment PLC-Di 500,000 $110.8M Add +66.7% LW Lamb Weston Holdings Inc. 2,000,000 $106.6M Add +5.1% UHAL.B U-Haul Holding Co.-Non Voting 1,800,000 $106.5M No change HOOD Robinhood Markets Inc. Class A 2,500,000 $104.0M Reduce -28.6% FERG Ferguson Enterprises Inc. 600,000 $96.1M Add +100.0% THO Thor Industries Inc. 1,250,000 $94.8M Add +106.2% CART Maplebear Inc. 2,200,000 $87.8M No change XYZ Block Inc. 1,400,000 $76.1M Add +133.3% IBTA Ibotta Inc. Class A 1,536,500 $64.8M Add +48.2% INTC Intel Corp. 2,750,000 $62.5M New IQV Iqvia Holdings Inc. 300,000 $52.9M New ICLR Icon PLC 300,000 $52.5M New AQN Algonquin Power & Utilities 10,000,000 $51.4M New LLY Eli Lilly & Co. 60,000 $49.6M New DAL Delta Air Lines Inc. 1,100,000 $48.0M New UHAL U-Haul Holding Co. 700,000 $45.8M No change ILMN Illumina Inc. 500,000 $39.7M New BATRK Atlanta Braves Holdings in-C 800,000 $32.0M Add +6.7% NVO Novo-Nordisk A/S-Spons ADR 400,000 $27.8M New MU Micron Technology Inc. 300,000 $26.1M New FENC Fennec Pharmaceuticals Inc. 4,077,214 $24.8M No change TSM Taiwan Semiconductor-SP ADR 100,000 $16.6M Reduce -84.0% TE T1 Energy Inc. 7,756,509 $9.8M Add +34.1% NOVT Novanta Inc. 70,000 $9.0M New
Options reported separately and not counted above: HUM calls ($39.7M).
Portfolio Sells Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ UBER Uber Technologies Inc. Sold out 0.00% −2.83 CME Cme Group Inc. Sold out 0.00% −2.72 CRL Charles River Laboratories Sold out 0.00% −2.60 TSM Taiwan Semiconductor-SP ADR Reduce -84.0% 0.40% −2.50 CRM Salesforce Inc. Sold out 0.00% −2.35 WCC Wesco International Inc. Sold out 0.00% −2.12 AME Ametek Inc. Sold out 0.00% −1.69 LPLA LPL Financial Holdings Inc. Reduce -33.3% 3.15% −1.44 V Visa Inc. Class A Sold out 0.00% −1.41 FSLR First Solar Inc. Sold out 0.00% −1.24 WTW Willis Towers Watson PLC Reduce -21.4% 4.48% −0.66 ARGT Global X MSCI Argentina ETF Sold out 0.00% −0.58 HOOD Robinhood Markets Inc. Class A Reduce -28.6% 2.51% −0.55 COF Capital One Financial Corp. Reduce -11.5% 4.97% −0.47
Portfolio Buys Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ BDX Becton Dickinson and Co. New 3.31% +3.31 INTC Intel Corp. New 1.51% +1.51 PGR Progressive Corp. Add +6.3% 5.80% +1.30 IQV Iqvia Holdings Inc. New 1.27% +1.27 ICLR Icon PLC New 1.27% +1.27 AQN Algonquin Power & Utilities New 1.24% +1.24 LLY Eli Lilly & Co. New 1.19% +1.19 PRMB Primo Brands Corp. Add +40.0% 2.99% +1.19 TPR Tapestry Inc. Add +25.0% 4.24% +1.18 DAL Delta Air Lines Inc. New 1.16% +1.16 FERG Ferguson Enterprises Inc. Add +100.0% 2.32% +1.10 ILMN Illumina Inc. New 0.96% +0.96 THO Thor Industries Inc. Add +106.2% 2.28% +0.92 FLUT Flutter Entertainment PLC-Di Add +66.7% 2.67% +0.85 PINS Pinterest Inc. Class A Add +17.5% 3.51% +0.79 CEG Constellation Energy Add +33.3% 3.89% +0.74 NVO Novo-Nordisk A/S-Spons ADR New 0.67% +0.67 XYZ Block Inc. Add +133.3% 1.83% +0.64 MU Micron Technology Inc. New 0.63% +0.63 MSFT Microsoft Corp. Add +22.2% 4.98% +0.53 ADBE Adobe Inc. Add +23.1% 3.70% +0.31 SYF Synchrony Financial Add +25.0% 6.38% +0.28 NOVT Novanta Inc. New 0.22% +0.22 W Wayfair Inc. Class A Add +42.9% 3.09% +0.18 BATRK Atlanta Braves Holdings in-C Add +6.7% 0.77% +0.10 IBTA Ibotta Inc. Class A Add +48.2% 1.56% −0.02 TE T1 Energy Inc. Add +34.1% 0.24% −0.11 LW Lamb Weston Holdings Inc. Add +5.1% 2.57% −0.41
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ HUM Humana Inc. call New 150,000 $39.7M
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 33 $4.4B AMD, HSIC, DHR, MSFT, EQIX Q1 2026 41 $4.9B CRCL, ZTS, ILMN, ALC, EQIX Q4 2025 38 $4.3B BDX, AMZN, MSFT, ILMN, AON Q3 2025 41 $3.8B BDX, W, MSFT, CHRW, TMO Q2 2025 38 $4.0B BDX, SYF, COF, HSIC, W Q1 2025 40 $4.1B SYF, PGR, MSFT, COF, HUM Q4 2024 38 $4.3B SYF, COF, WTW, LPLA, PGR Q3 2024 42 $4.2B PGR, SYF, UBER, MSFT, DFS Q2 2024 45 $4.0B DFS, UBER, CRL, PGR, WTW Q1 2024 51 $5.1B FIS, DFS, UBER, WTW, PGR