Visualize Group LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Visualize Group LP reported 10 stock positions worth $298.6 million. Its top holding was Waste Connections (WCN) at 13.4% of the portfolio, followed by Costar (CSGP, 12.1%) and Heico Class A (HEI.A, 11.9%). Compared with Q2 2025, it opened 5 new positions, sold out of 6, added to 4 and reduced 1. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale an exit from I3 Verticals Class A (IIIV).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001994625
- Portfolio Value
- $298.6M (Q3 2025)
- SEC Filing
- 0001892688-25-000202 ↗ filed Nov 14, 2025
Holdings Value
Holdings 10 stocks · $298.6M
| WCN Waste Connections Inc. | 13.43% | 228,139 | $40.1M | Add +97.1% |
| CSGP Costar Group Inc. | 12.12% | 428,838 | $36.2M | Add +443.1% |
| HEI.A Heico Corp. Class A | 11.90% | 139,799 | $35.5M | Add +2.1% |
| RSG Republic Services Inc. | 11.46% | 149,065 | $34.2M | Reduce -51.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 11.03% | 106,294 | $32.9M | New |
| ICE Intercontinental Exchange Inc. | 10.76% | 190,653 | $32.1M | Add +22.1% |
| BX Blackstone Inc. | 10.69% | 186,892 | $31.9M | New |
| SPOT Spotify Technology SA | 9.95% | 42,576 | $29.7M | New |
| NOW ServiceNow Inc. | 7.90% | 25,614 | $23.6M | New |
| ACEL Accel Entertainment Inc. | 0.76% | 206,006 | $2.3M | New |
Portfolio Sells Q2 2025 → Q3 2025
| IIIV I3 Verticals Inc. Class A | Sold out | 0.00% | −18.37 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −10.84 |
| FISV Fiserv Inc. | Sold out | 0.00% | −9.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −5.65 |
| CWST Casella Waste Systems Inc. Class A | Sold out | 0.00% | −5.04 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −3.75 |
| RSG Republic Services Inc. | Reduce -51.3% | 11.46% | +0.13 |
Portfolio Buys Q2 2025 → Q3 2025
| AJG Arthur J Gallagher & Co. | New | 11.03% | +11.03 |
| BX Blackstone Inc. | New | 10.69% | +10.69 |
| SPOT Spotify Technology SA | New | 9.95% | +9.95 |
| CSGP Costar Group Inc. | Add +443.1% | 12.12% | +9.08 |
| NOW ServiceNow Inc. | New | 7.90% | +7.90 |
| WCN Waste Connections Inc. | Add +97.1% | 13.43% | +1.47 |
| ICE Intercontinental Exchange Inc. | Add +22.1% | 10.76% | +1.20 |
| ACEL Accel Entertainment Inc. | New | 0.76% | +0.76 |
| HEI.A Heico Corp. Class A | Add +2.1% | 11.90% | +0.63 |
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 |