In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), SurgoCap Partners LP reported 17 stock positions worth $3.6 billion . Its top holding was Alphabet Class C (GOOG) at 10.9% of the portfolio, followed by Carpenter Technology (CRS, 10.0% ) and LPL Financial (LPLA, 9.8% ). Compared with Q3 2025, it opened 4 new positions, sold out of 2, added to 3 and reduced 9. The biggest buy was Alphabet Class C (GOOG, shares +42% ) and the biggest sale an exit from Netflix (NFLX).
Location NEW YORK, NY
CIK 0001960830
Portfolio Value $3.6B (Q4 2025) Holdings 17 stocks · $3.6B 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 Q3 2025 GOOG Alphabet Inc. Class C 1,250,425 $392.4M Add +42.0% CRS Carpenter Technology 1,152,606 $362.9M Reduce -3.9% LPLA LPL Financial Holdings Inc. 995,000 $355.4M Add +0.1% MCK McKesson Corp. 419,166 $343.8M Reduce -7.3% TSM Taiwan Semiconductor-SP ADR 1,109,583 $337.2M Reduce -14.0% BX Blackstone Inc. 2,074,093 $319.7M Add +31.0% BSX Boston Scientific Corp. 2,559,210 $244.0M Reduce -25.3% AVGO Broadcom Inc. 669,969 $231.9M Reduce -4.5% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 10,520,395 $176.1M Reduce -24.9% ISRG Intuitive Surgical Inc. 262,851 $148.9M New HLT Hilton Worldwide Holdings Inc. 503,719 $144.7M Reduce -13.8% GWRE Guidewire Software Inc. 719,573 $144.6M Reduce -4.1% NVDA Nvidia Corp. 622,539 $116.1M New NIQ Niq Global Intelligence PLC 5,858,000 $96.6M No change AWI Armstrong World Industries 376,869 $72.0M New FIG Figma Inc. Class A 1,867,515 $69.8M Reduce -19.4% SHOP Shopify Inc. Class A 348,131 $56.0M New
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ NFLX Netflix Inc. Sold out 0.00% −6.32 META Meta Platforms Inc. Class A Sold out 0.00% −4.39 BSX Boston Scientific Corp. Reduce -25.3% 6.76% −2.73 NU Nu Holdings Ltd./Cayman Isl-A Reduce -24.9% 4.88% −1.49 FIG Figma Inc. Class A Reduce -19.4% 1.93% −1.48 TSM Taiwan Semiconductor-SP ADR Reduce -14.0% 9.33% −0.89 GWRE Guidewire Software Inc. Reduce -4.1% 4.00% −0.89 MCK McKesson Corp. Reduce -7.3% 9.52% −0.40 HLT Hilton Worldwide Holdings Inc. Reduce -13.8% 4.01% −0.30 AVGO Broadcom Inc. Reduce -4.5% 6.42% −0.15 CRS Carpenter Technology Reduce -3.9% 10.05% +1.69
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ GOOG Alphabet Inc. Class C Add +42.0% 10.86% +4.78 ISRG Intuitive Surgical Inc. New 4.12% +4.12 NVDA Nvidia Corp. New 3.21% +3.21 AWI Armstrong World Industries New 1.99% +1.99 SHOP Shopify Inc. Class A New 1.55% +1.55 BX Blackstone Inc. Add +31.0% 8.85% +1.18 LPLA LPL Financial Holdings Inc. Add +0.1% 9.84% +0.45
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ META Meta Platforms Inc. Class A call Sold out 100,000 $73.4Mbefore 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