Untitled Investments LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Untitled Investments LP reported 14 stock positions worth $365.9 million. Its top holding was Transunion (TRU) at 13.1% of the portfolio, followed by Microsoft (MSFT, 12.4%) and CBRE Class A (CBRE, 10.6%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 4 and reduced 7. The biggest buy was a new position in Sea Ltd.-ADR (SE) and the biggest sale an exit from Floor & Decor Class A (FND).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001808696
- Portfolio Value
- $365.9M (Q2 2025)
- SEC Filing
- 0000902664-25-003683 ↗ filed Aug 14, 2025
Holdings Value
Holdings 14 stocks · $365.9M
| TRU Transunion | 13.07% | 543,458 | $47.8M | Reduce -25.0% |
| MSFT Microsoft Corp. | 12.36% | 90,893 | $45.2M | Reduce -8.0% |
| CBRE CBRE Group Inc. Class A | 10.58% | 276,260 | $38.7M | Add +16.9% |
| MELI MercadoLibre Inc. | 10.50% | 14,707 | $38.4M | Reduce -15.9% |
| CPNG Coupang Inc. | 9.82% | 1,199,812 | $35.9M | Reduce -17.2% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 9.16% | 394,910 | $33.5M | Reduce -7.4% |
| WDAY Workday Inc. Class A | 8.82% | 134,500 | $32.3M | Add +18.2% |
| TSM Taiwan Semiconductor-SP ADR | 6.82% | 110,261 | $25.0M | Add +25.0% |
| GOOGL Alphabet Inc. Class A | 4.96% | 103,054 | $18.2M | Reduce -18.9% |
| SE Sea Ltd.-ADR | 4.96% | 113,542 | $18.2M | New |
| META Meta Platforms Inc. Class A | 3.43% | 16,996 | $12.5M | Add +5.5% |
| PTC PTC Inc. | 2.58% | 54,836 | $9.5M | Reduce -11.9% |
| FLUT Flutter Entertainment PLC-Di | 1.48% | 18,960 | $5.4M | New |
| SHW The Sherwin-Williams Co. | 1.45% | 15,400 | $5.3M | New |
Portfolio Sells Q1 2025 → Q2 2025
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −5.67 |
| TRU Transunion | Reduce -25.0% | 13.07% | −3.95 |
| NCNO Ncino Inc. | Sold out | 0.00% | −2.77 |
| KSPI JSC Kaspi.kz ADR | Reduce -7.4% | 9.16% | −2.05 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −1.69 |
| GE General Electric | Sold out | 0.00% | −1.14 |
| GOOGL Alphabet Inc. Class A | Reduce -18.9% | 4.96% | −0.60 |
| PTC PTC Inc. | Reduce -11.9% | 2.58% | −0.15 |
| CPNG Coupang Inc. | Reduce -17.2% | 9.82% | +0.83 |
| MELI MercadoLibre Inc. | Reduce -15.9% | 10.50% | +0.85 |
| MSFT Microsoft Corp. | Reduce -8.0% | 12.36% | +1.85 |
Portfolio Buys Q1 2025 → Q2 2025
| SE Sea Ltd.-ADR | New | 4.96% | +4.96 |
| TSM Taiwan Semiconductor-SP ADR | Add +25.0% | 6.82% | +2.68 |
| CBRE CBRE Group Inc. Class A | Add +16.9% | 10.58% | +1.83 |
| FLUT Flutter Entertainment PLC-Di | New | 1.48% | +1.48 |
| SHW The Sherwin-Williams Co. | New | 1.45% | +1.45 |
| WDAY Workday Inc. Class A | Add +18.2% | 8.82% | +1.30 |
| META Meta Platforms Inc. Class A | Add +5.5% | 3.43% | +0.80 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $257.0M | TSM, NU, JCI, CPNG, KSPI |
| Q1 2026 | 16 | $268.6M | TSM, KSPI, NU, MSFT, CPNG |
| Q4 2025 | 17 | $332.9M | TRU, MELI, KSPI, MSFT, NU |
| Q3 2025 | 18 | $370.5M | TRU, MSFT, MELI, KSPI, NU |
| Q2 2025 | 14 | $365.9M | TRU, MSFT, CBRE, MELI, CPNG |
| Q1 2025 | 15 | $353.2M | TRU, KSPI, MSFT, MELI, CPNG |
| Q4 2024 | 17 | $410.2M | TRU, KSPI, CPNG, MSFT, MELI |
| Q3 2024 | 17 | $451.4M | KSPI, TRU, CPNG, MSFT, NCNO |
| Q2 2024 | 18 | $447.9M | KSPI, TRU, MSFT, CPNG, IT |
| Q1 2024Amended | 18 | $437.8M | KSPI, MSFT, IT, TRU, NCNO |