Warburg Pincus LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Warburg Pincus LLC reported 5 stock positions worth $1.2 billion. Its top holding was Sotera Health (SHC) at 69.7% of the portfolio, followed by Banc of California (BANC, 18.6%) and Docebo (DCBO, 8.9%). Compared with Q1 2025, it opened 1 new position, sold out of 2 and reduced 1. The biggest buy was a new position in Clearwater Analytics HDS-A (CWAN) and the biggest sale an exit from Viasat (VSAT).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001162870
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0001104659-25-078607 ↗ filed Aug 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.8B Q1 2024 Q2 2024: $1.8B Q2 2024 Q3 2024: $1.9B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.2B $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $984.5M Q4 2025 Q1 2026: $343.5M Q1 2026 Q2 2026: $187.0M Q2 2026

Holdings 5 stocks · $1.2B

SHC Sotera Health Co. 69.69% 73,822,952 $820.9M No change
BANC Banc of California Inc. 18.60% 15,592,774 $219.1M No change
DCBO Docebo Inc. 8.92% 3,630,715 $105.1M No change
CWAN Clearwater Analytics HDS-A 1.82% 977,455 $21.4M New
REI Ring Energy Inc. 0.97% 14,393,652 $11.4M Reduce -50.3%

Portfolio Sells Q1 2025 → Q2 2025

VSAT Viasat Inc. Sold out 0.00% −6.67
REI Ring Energy Inc. Reduce -50.3% 0.97% −1.58
VTLE Vital Energy Inc. Sold out 0.00% −0.24

Portfolio Buys Q1 2025 → Q2 2025

CWAN Clearwater Analytics HDS-A New 1.82% +1.82

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1$187.0MOCFC
Q1 2026 3$343.5MSHC, BANC, CWAN
Q4 2025 4$984.5MSHC, BANC, DCBO, CWAN
Q3 2025 4$1.3BSHC, BANC, DCBO, CWAN
Q2 2025 5$1.2BSHC, BANC, DCBO, CWAN, REI
Q1 2025 6$1.3BSHC, BANC, DCBO, VSAT, REI
Q4 2024 6$1.5BSHC, BANC, DCBO, VSAT, REI
Q3 2024 7$1.9BSHC, BANC, ALHC, DCBO, VSAT
Q2 2024 7$1.8BSHC, BANC, VSAT, ALHC, DCBO
Q1 2024 7$1.8BSHC, BANC, VSAT, DCBO, REI