In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), SurgoCap Partners LP reported 12 stock positions worth $2.0 billion . Its top holding was LPL Financial (LPLA) at 14.7% of the portfolio, followed by Carpenter Technology (CRS, 14.4% ) and Boston Scientific (BSX, 13.2% ). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 4 and reduced 4. The biggest buy was a new position in Boston Scientific (BSX) and the biggest sale an exit from GE Healthcare Technology (GEHC).
Location NEW YORK, NY
CIK 0001960830
Portfolio Value $2.0B (Q1 2025) Holdings 12 stocks · $2.0B 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 LPLA LPL Financial Holdings Inc. 906,442 $296.5M Add +27.8% CRS Carpenter Technology 1,612,000 $292.1M Add +11.8% BSX Boston Scientific Corp. 2,649,969 $267.3M New MCK McKesson Corp. 294,137 $198.0M Reduce -42.2% BX Blackstone Inc. 1,353,240 $189.2M Add +40.7% NFLX Netflix Inc. 169,777 $158.3M New UNH Unitedhealth Group Inc. 271,740 $142.3M New GWRE Guidewire Software Inc. 677,459 $126.9M Reduce -16.5% META Meta Platforms Inc. Class A 210,047 $121.1M Reduce -23.1% HLT Hilton Worldwide Holdings Inc. 481,651 $109.6M Add +8.7% NOW ServiceNow Inc. 80,938 $64.4M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 5,701,787 $58.4M Reduce -20.3%
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 ▲ GEHC GE Healthcare Technology Sold out 0.00% −10.14 NVDA Nvidia Corp. Sold out 0.00% −8.09 MCK McKesson Corp. Reduce -42.2% 9.78% −7.01 META Meta Platforms Inc. Class A Reduce -23.1% 5.98% −3.27 GWRE Guidewire Software Inc. Reduce -16.5% 6.27% −1.64 NU Nu Holdings Ltd./Cayman Isl-A Reduce -20.3% 2.88% −1.41
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 ▼ BSX Boston Scientific Corp. New 13.21% +13.21 NFLX Netflix Inc. New 7.82% +7.82 UNH Unitedhealth Group Inc. New 7.03% +7.03 NOW ServiceNow Inc. New 3.18% +3.18 LPLA LPL Financial Holdings Inc. Add +27.8% 14.65% +1.24 CRS Carpenter Technology Add +11.8% 14.43% +0.26 BX Blackstone Inc. Add +40.7% 9.35% −0.26 HLT Hilton Worldwide Holdings Inc. Add +8.7% 5.41% −0.92
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ META Meta Platforms Inc. Class A call Sold out 250,000 $146.4Mbefore exit NVDA Nvidia Corp. call Sold out 500,000 $67.1Mbefore exit
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 13 $3.1B TSM, CRS, GOOG, LPLA, MDLN Q1 2026 14 $3.0B CRS, GOOG, TSM, LPLA, MCK Q4 2025 17 $3.6B GOOG, CRS, LPLA, MCK, TSM Q3 2025 15 $3.5B TSM, MCK, BSX, LPLA, CRS Q2 2025 12 $2.6B LPLA, BSX, BX, CRS, HLT Q1 2025 12 $2.0B LPLA, CRS, BSX, MCK, BX Q4 2024 10 $1.7B MCK, CRS, LPLA, GEHC, BX Q3 2024 11 $1.9B MCK, GEV, LPLA, META, AAPL Q2 2024 13 $1.7B MCK, GEV, LPLA, BX, QCOM Q1 2024 14 $1.9B MCK, GEHC, GE, SNPS, NVDA