Warburg Pincus LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Warburg Pincus LLC reported 4 stock positions worth $1.3 billion. Its top holding was Sotera Health (SHC) at 72.2% of the portfolio, followed by Banc of California (BANC, 19.2%) and Docebo (DCBO, 7.4%). Compared with Q2 2025, it sold out of 1 and reduced 1. The biggest sale was an exit from Ring Energy (REI).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001162870
Portfolio Value
$1.3B (Q3 2025)
SEC Filing
0001104659-25-112546 ↗ filed Nov 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 Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $984.5M Q4 2025 Q1 2026: $343.5M Q1 2026 Q2 2026: $187.0M Q2 2026

Holdings 4 stocks · $1.3B
SHC Sotera Health Co. 72.18% 61,822,952 $972.5M Reduce -16.3%
BANC Banc of California Inc. 19.15% 15,592,774 $258.1M No change
DCBO Docebo Inc. 7.36% 3,630,715 $99.2M No change
CWAN Clearwater Analytics HDS-A 1.31% 977,455 $17.6M No change

Portfolio Sells Q2 2025 → Q3 2025
REI Ring Energy Inc. Sold out 0.00% −0.97
SHC Sotera Health Co. Reduce -16.3% 72.18% +2.48

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

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