In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), SurgoCap Partners LP reported 12 stock positions worth $2.6 billion . Its top holding was LPL Financial (LPLA) at 12.7% of the portfolio, followed by Boston Scientific (BSX, 11.2% ) and Blackstone (BX, 9.9% ). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 5. The biggest buy was a new position in Intuit (INTU) and the biggest sale an exit from Unitedhealth (UNH).
Location NEW YORK, NY
CIK 0001960830
Portfolio Value $2.6B (Q2 2025) Holdings 12 stocks · $2.6B 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 Q1 2025 LPLA LPL Financial Holdings Inc. 881,405 $330.5M Reduce -2.8% BSX Boston Scientific Corp. 2,724,969 $292.7M Add +2.8% BX Blackstone Inc. 1,733,315 $259.3M Add +28.1% CRS Carpenter Technology 925,999 $255.9M Reduce -42.6% HLT Hilton Worldwide Holdings Inc. 916,671 $244.1M Add +90.3% NFLX Netflix Inc. 167,836 $224.8M Reduce -1.1% INTU Intuit Inc. 267,785 $210.9M New MCK McKesson Corp. 268,155 $196.5M Reduce -8.8% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 12,215,600 $167.6M Add +114.2% GWRE Guidewire Software Inc. 703,535 $165.6M Add +3.9% META Meta Platforms Inc. Class A 196,778 $145.2M Reduce -6.3% JCI Johnson Controls Internation 1,091,966 $115.3M New
Options reported separately and not counted above: HLT calls ($40.0M).
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ UNH Unitedhealth Group Inc. Sold out 0.00% −7.03 CRS Carpenter Technology Reduce -42.6% 9.81% −4.62 NOW ServiceNow Inc. Sold out 0.00% −3.18 MCK McKesson Corp. Reduce -8.8% 7.53% −2.25 LPLA LPL Financial Holdings Inc. Reduce -2.8% 12.67% −1.98 META Meta Platforms Inc. Class A Reduce -6.3% 5.57% −0.41 NFLX Netflix Inc. Reduce -1.1% 8.62% +0.79
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ INTU Intuit Inc. New 8.09% +8.09 JCI Johnson Controls Internation New 4.42% +4.42 HLT Hilton Worldwide Holdings Inc. Add +90.3% 9.36% +3.94 NU Nu Holdings Ltd./Cayman Isl-A Add +114.2% 6.42% +3.54 BX Blackstone Inc. Add +28.1% 9.94% +0.59 GWRE Guidewire Software Inc. Add +3.9% 6.35% +0.08 BSX Boston Scientific Corp. Add +2.8% 11.22% −1.99
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ HLT Hilton Worldwide Holdings Inc. call New 150,000 $40.0M
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