TPG GP A, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), TPG GP A, LLC reported 9 stock positions worth $1.9 billion. Its top holding was Lifestance Health (LFST) at 44.3% of the portfolio, followed by Life Time (LTH, 34.6%) and Sionna Therapeutics (SION, 6.2%). Compared with Q1 2025, it sold out of 18, added to 1 and reduced 1. The biggest buy was Sionna Therapeutics (SION, shares +1%) and the biggest sale an exit from Viking (VIK).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0001903793
Portfolio Value
$1.9B (Q2 2025)
SEC Filing
0001999371-25-011364 ↗ filed Aug 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $5.2B Q1 2024 Q2 2024: $6.4B Q2 2024 Q3 2024: $5.9B Q3 2024 Q4 2024: $6.2B Q4 2024 Q1 2025: $5.0B Q1 2025 Q2 2025: $1.9B $1.9B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $2.7B Q4 2025 Q1 2026: $3.4B Q1 2026 Q2 2026: $4.7B Q2 2026

Holdings 9 stocks · $1.9B
LFST Lifestance Health Group Inc. 44.29% 160,711,618 $830.9M No change
LTH Life Time Group Holdings Inc. 34.61% 21,404,488 $649.2M Reduce -28.1%
SION Sionna Therapeutics Inc. 6.24% 6,744,962 $117.0M Add +0.9%
AMRX Amneal Pharmaceuticals Inc. 5.32% 12,328,767 $99.7M No change
CBLL Ceribell Inc. 3.96% 3,967,422 $74.3M No change
TRTX TPG Re Finance Trust Inc. 2.92% 7,086,779 $54.7M No change
BCAX Bicara Therapeutics Inc. 1.49% 3,010,425 $28.0M No change
ALLO Allogene Therapeutics Inc. 1.13% 18,716,306 $21.1M No change
RLYB Rallybio Corp. 0.05% 3,028,414 $1.0M No change

Portfolio Sells Q1 2025 → Q2 2025
VIK Viking Holdings Ltd. Sold out 0.00% −17.19
TTAN Servicetitan Inc. Class A Sold out 0.00% −9.80
PEGA Pegasystems Inc. Sold out 0.00% −2.84
WAY Waystar Holding Corp. Sold out 0.00% −2.67
MTN Vail Resorts Inc. Sold out 0.00% −2.32
LNG Cheniere Energy Inc. Sold out 0.00% −2.32
ENTG Entegris Inc. Sold out 0.00% −2.11
SHC Sotera Health Co. Sold out 0.00% −1.60
UNH Unitedhealth Group Inc. Sold out 0.00% −1.53
AMZN Amazon.com Inc. Sold out 0.00% −1.52
FERG Ferguson Enterprises Inc. Sold out 0.00% −1.50
CCC CCC Intelligent Solutions Ho Sold out 0.00% −1.46
CMCSA Comcast Corp. Class A Sold out 0.00% −1.26
AMT American Tower Corp. Sold out 0.00% −1.21
LYV Live Nation Entertainment Inc. Sold out 0.00% −1.09
FWONA Liberty Media Corp. Class A Sold out 0.00% −0.82
BRSL Brightstar Lottery PLC Sold out 0.00% −0.80
FWONK Liberty Media Corp. Class C Sold out 0.00% −0.67
LTH Life Time Group Holdings Inc. Reduce -28.1% 34.61% +16.48

Portfolio Buys Q1 2025 → Q2 2025
SION Sionna Therapeutics Inc. Add +0.9% 6.24% +4.83

Options Activity Q1 2025 → Q2 2025
MCD McDonald's Corp. put Sold out 363,500 $113.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 56$4.7BLFST, SPCX, JXN, LTH, SION
Q1 2026 49$3.4BLFST, JXN, LTH, SION, BETA
Q4 2025 10$2.7BLFST, LTH, BETA, SION, AMRX
Q3 2025 9$1.8BLFST, LTH, SION, AMRX, BCAX
Q2 2025 9$1.9BLFST, LTH, SION, AMRX, CBLL
Q1 2025 27$5.0BLFST, LTH, VIK, TTAN, PEGA
Q4 2024 31$6.2BVIK, LFST, LTH, TTAN, MTN
Q3 2024 35$5.9BVIK, LFST, LTH, PGRU, UNH
Q2 2024Amended 34$6.4BVIK, LTH, LFST, LW, PGRU
Q1 2024Amended 34$5.2BLFST, LTH, Nextracker Inc, Progyny Inc, ELV