Visualize Group LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Visualize Group LP reported 11 stock positions worth $299.6 million. Its top holding was I3 Verticals Class A (IIIV) at 18.4% of the portfolio, followed by Waste Connections (WCN, 12.0%) and Republic Services (RSG, 11.3%). Compared with Q1 2025, it sold out of 3, added to 5 and reduced 5. The biggest buy was I3 Verticals Class A (IIIV, shares +4%) and the biggest sale Brown & Brown (BRO, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001994625
- Portfolio Value
- $299.6M (Q2 2025)
- SEC Filing
- 0001892688-25-000160 ↗ filed Aug 14, 2025
Holdings Value
Holdings 11 stocks · $299.6M
| IIIV I3 Verticals Inc. Class A | 18.37% | 294,689 | $55.0M | Add +3.7% |
| WCN Waste Connections Inc. | 11.96% | 115,734 | $35.8M | Reduce -60.7% |
| RSG Republic Services Inc. | 11.32% | 305,991 | $33.9M | Add +123.5% |
| HEI.A Heico Corp. Class A | 11.27% | 136,895 | $33.8M | Add +28.7% |
| ADSK Autodesk Inc. | 10.84% | 404,091 | $32.5M | Add +249.2% |
| ICE Intercontinental Exchange Inc. | 9.56% | 156,100 | $28.6M | No change |
| FISV Fiserv Inc. | 9.18% | 106,338 | $27.5M | Reduce -12.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.65% | 16,476 | $16.9M | Add +40.2% |
| CWST Casella Waste Systems Inc. Class A | 5.04% | 19,695 | $15.1M | Reduce -75.1% |
| BRO Brown & Brown Inc. | 3.75% | 75,100 | $11.2M | Reduce -75.5% |
| CSGP Costar Group Inc. | 3.04% | 78,966 | $9.1M | Reduce -80.5% |
Portfolio Sells Q1 2025 → Q2 2025
| BRO Brown & Brown Inc. | Reduce -75.5% | 3.75% | −8.79 |
| CSGP Costar Group Inc. | Reduce -80.5% | 3.04% | −7.50 |
| WCN Waste Connections Inc. | Reduce -60.7% | 11.96% | −6.98 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −2.55 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −1.35 |
| VIVID SEATS INC | Sold out | 0.00% | −0.70 |
| FISV Fiserv Inc. | Reduce -12.6% | 9.18% | +0.34 |
| CWST Casella Waste Systems Inc. Class A | Reduce -75.1% | 5.04% | +2.14 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $290.5M | RSP, SPY, RBC, CW, PWR |
| Q1 2026 | 10 | $242.9M | RSG, RBC, CW, CLH, SPY |
| Q4 2025 | 11 | $267.7M | WCN, HEI.A, ICE, BX, SPY |
| Q3 2025 | 10 | $298.6M | WCN, CSGP, HEI.A, RSG, AJG |
| Q2 2025 | 11 | $299.6M | IIIV, WCN, RSG, HEI.A, ADSK |
| Q1 2025Amended | 14 | $303.6M | WCN, BRO, RSG, CSGP, ADSK |
| Q4 2024 | 12 | $158.0M | WCN, ADSK, BRO, CSGP, FISV |