In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), SurgoCap Partners LP reported 15 stock positions worth $3.5 billion . Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 10.2% of the portfolio, followed by McKesson (MCK, 9.9% ) and Boston Scientific (BSX, 9.5% ). Compared with Q2 2025, it opened 5 new positions, sold out of 2, added to 8 and reduced 2. The biggest buy was a new position in Taiwan Semiconductor-SP ADR (TSM) and the biggest sale an exit from Intuit (INTU).
Location NEW YORK, NY
CIK 0001960830
Portfolio Value $3.5B (Q3 2025) Holdings 15 stocks · $3.5B 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 Q2 2025 TSM Taiwan Semiconductor-SP ADR 1,290,570 $360.4M New MCK McKesson Corp. 452,261 $349.4M Add +68.7% BSX Boston Scientific Corp. 3,424,947 $334.4M Add +25.7% LPLA LPL Financial Holdings Inc. 994,278 $330.8M Add +12.8% CRS Carpenter Technology 1,198,895 $294.4M Add +29.5% BX Blackstone Inc. 1,582,815 $270.4M Reduce -8.7% AVGO Broadcom Inc. 701,560 $231.5M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 14,005,429 $224.2M Add +14.7% NFLX Netflix Inc. 185,890 $222.9M Add +10.8% GOOG Alphabet Inc. Class C 880,411 $214.4M New GWRE Guidewire Software Inc. 750,174 $172.4M Add +6.6% META Meta Platforms Inc. Class A 210,584 $154.6M Add +7.0% HLT Hilton Worldwide Holdings Inc. 584,672 $151.7M Reduce -36.2% FIG Figma Inc. Class A 2,317,515 $120.2M New NIQ Niq Global Intelligence PLC 5,858,000 $92.0M New
Options reported separately and not counted above: META calls ($73.4M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ INTU Intuit Inc. Sold out 0.00% −8.09 HLT Hilton Worldwide Holdings Inc. Reduce -36.2% 4.30% −5.05 JCI Johnson Controls Internation Sold out 0.00% −4.42 BX Blackstone Inc. Reduce -8.7% 7.67% −2.26
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ TSM Taiwan Semiconductor-SP ADR New 10.23% +10.23 AVGO Broadcom Inc. New 6.57% +6.57 GOOG Alphabet Inc. Class C New 6.09% +6.09 FIG Figma Inc. Class A New 3.41% +3.41 NIQ Niq Global Intelligence PLC New 2.61% +2.61 MCK McKesson Corp. Add +68.7% 9.92% +2.38 NU Nu Holdings Ltd./Cayman Isl-A Add +14.7% 6.36% −0.06 META Meta Platforms Inc. Class A Add +7.0% 4.39% −1.18 GWRE Guidewire Software Inc. Add +6.6% 4.89% −1.46 CRS Carpenter Technology Add +29.5% 8.35% −1.46 BSX Boston Scientific Corp. Add +25.7% 9.49% −1.73 NFLX Netflix Inc. Add +10.8% 6.32% −2.29 LPLA LPL Financial Holdings Inc. Add +12.8% 9.39% −3.28
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ META Meta Platforms Inc. Class A call New 100,000 $73.4M HLT Hilton Worldwide Holdings Inc. call Sold out 150,000 $40.0Mbefore 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