Sunriver Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Sunriver Management LLC reported 23 stock positions worth $953.9 million. Its top holding was Verra Mobility (VRRM) at 6.9% of the portfolio, followed by Lockheed Martin (LMT, 6.6%) and Ss&c Technologies (SSNC, 5.8%). Compared with Q3 2025, it opened 6 new positions, sold out of 4, added to 10 and reduced 7. The biggest buy was a new position in Lockheed Martin (LMT) and the biggest sale an exit from Integral Ad Science (IAS).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001663900
- Portfolio Value
- $953.9M (Q4 2025)
- SEC Filing
- 0001892688-26-000031 ↗ filed Feb 13, 2026
Holdings Value
Holdings 23 stocks · $953.9M
| VRRM Verra Mobility Corp. | 6.95% | 2,956,976 | $66.3M | Add +29.4% |
| LMT Lockheed Martin Corp. | 6.56% | 129,313 | $62.5M | New |
| SSNC Ss&c Technologies Holdings | 5.78% | 630,879 | $55.2M | Add +24.4% |
| BOX Box Inc. Class A | 5.46% | 1,741,267 | $52.1M | Add +14.7% |
| RTO Rentokil Initial PLC-SP ADR | 5.24% | 1,697,919 | $50.0M | Reduce -14.5% |
| CBZ Cbiz Inc. | 5.23% | 989,349 | $49.9M | Add +65.8% |
| ARMK Aramark | 5.22% | 1,351,397 | $49.8M | Add +65.4% |
| WEX Wex Inc. | 5.14% | 329,177 | $49.0M | Add +6.8% |
| HURN Huron Consulting Group Inc. | 5.06% | 279,089 | $48.3M | Reduce -38.3% |
| SYY Sysco Corp. | 5.04% | 652,768 | $48.1M | Add +17.3% |
| NABL N-Able Inc. | 4.81% | 6,134,573 | $45.9M | Reduce -1.2% |
| OPLN Openlane Inc. | 4.68% | 1,498,562 | $44.6M | Add +0.5% |
| TRU Transunion | 4.66% | 517,921 | $44.4M | New |
| PFGC Performance Food Group Co. | 4.28% | 454,315 | $40.9M | Reduce -1.9% |
| HII Huntington Ingalls Industrie | 4.11% | 115,217 | $39.2M | Reduce -25.9% |
| FA First Advantage Corp. | 4.05% | 2,661,286 | $38.7M | Add +13.2% |
| IQV Iqvia Holdings Inc. | 3.86% | 163,513 | $36.9M | Reduce -28.6% |
| SWK Stanley Black & Decker Inc. | 3.38% | 433,673 | $32.2M | Reduce -23.6% |
| ACVA Acv Auctions Inc. Class A | 2.49% | 2,963,578 | $23.8M | New |
| CDW CDW Corp. | 2.41% | 168,982 | $23.0M | New |
| LYV Live Nation Entertainment Inc. | 2.24% | 150,000 | $21.4M | New |
| RPAY Repay Holdings Corp. | 1.67% | 4,361,524 | $15.9M | Add +11.0% |
| CCC CCC Intelligent Solutions Ho | 1.67% | 2,000,000 | $15.9M | New |
Portfolio Sells Q3 2025 → Q4 2025
| IAS Integral Ad Science Holding | Sold out | 0.00% | −7.87 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −4.53 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −3.99 |
| HURN Huron Consulting Group Inc. | Reduce -38.3% | 5.06% | −2.15 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −1.98 |
| SWK Stanley Black & Decker Inc. | Reduce -23.6% | 3.38% | −1.21 |
| PFGC Performance Food Group Co. | Reduce -1.9% | 4.28% | −0.95 |
| IQV Iqvia Holdings Inc. | Reduce -28.6% | 3.86% | −0.87 |
| HII Huntington Ingalls Industrie | Reduce -25.9% | 4.11% | −0.76 |
| NABL N-Able Inc. | Reduce -1.2% | 4.81% | −0.46 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -14.5% | 5.24% | −0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| LMT Lockheed Martin Corp. | New | 6.56% | +6.56 |
| TRU Transunion | New | 4.66% | +4.66 |
| ACVA Acv Auctions Inc. Class A | New | 2.49% | +2.49 |
| CDW CDW Corp. | New | 2.41% | +2.41 |
| LYV Live Nation Entertainment Inc. | New | 2.24% | +2.24 |
| ARMK Aramark | Add +65.4% | 5.22% | +1.81 |
| CBZ Cbiz Inc. | Add +65.8% | 5.23% | +1.80 |
| CCC CCC Intelligent Solutions Ho | New | 1.67% | +1.67 |
| SSNC Ss&c Technologies Holdings | Add +24.4% | 5.78% | +0.89 |
| VRRM Verra Mobility Corp. | Add +29.4% | 6.95% | +0.81 |
| BOX Box Inc. Class A | Add +14.7% | 5.46% | +0.14 |
| FA First Advantage Corp. | Add +13.2% | 4.05% | +0.12 |
| SYY Sysco Corp. | Add +17.3% | 5.04% | +0.06 |
| OPLN Openlane Inc. | Add +0.5% | 4.68% | +0.01 |
| WEX Wex Inc. | Add +6.8% | 5.14% | −0.13 |
| RPAY Repay Holdings Corp. | Add +11.0% | 1.67% | −0.56 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $636.8M | ARMK, WCN, SSNC, DG, FA |
| Q1 2026 | 18 | $591.3M | ARMK, SSNC, WCN, OPLN, VRRM |
| Q4 2025 | 23 | $953.9M | VRRM, LMT, SSNC, BOX, RTO |
| Q3 2025 | 21 | $920.0M | IAS, HURN, VRRM, RTO, BOX |
| Q2 2025 | 23 | $932.6M | IAS, PFGC, OPLN, VRRM, HURN |
| Q1 2025 | 22 | $810.3M | IAS, PFGC, WEX, HURN, FIS |
| Q4 2024 | 19 | $835.7M | PFGC, IAS, DNB, HURN, WTW |
| Q3 2024 | 17 | $813.5M | IAS, PFGC, DNB, OPLN, WEX |
| Q2 2024 | 20 | $790.0M | DNB, IAS, PFGC, WTW, SSNC |
| Q1 2024 | 20 | $765.2M | IAS, DNB, PFGC, CACI, OPLN |