Kensico Capital Management 13F, Q3 2025
Kensico Capital · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1113000
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| APPLOVIN CORP | APP | $2.24B | 34.5% | +3% shares |
| HOWMET AEROSPACE INC | HWM | $1.03B | 15.9% | unchanged |
| FAIR ISAAC CORP | FICO | $486.19M | 7.5% | +30% shares |
| ALPHABET INC | GOOGL | $433.57M | 6.7% | unchanged |
| VISA INC | V | $279.29M | 4.3% | -3% shares |
| SEA LTD | SE | $235.92M | 3.6% | -18% shares |
| AMAZON COM INC | AMZN | $214.76M | 3.3% | unchanged |
| FISERV INC | FISV | $204.35M | 3.1% | +3% shares |
| MICROSOFT CORP | MSFT | $181.13M | 2.8% | unchanged |
| META PLATFORMS INC | META | $177.50M | 2.7% | unchanged |
| CHENIERE ENERGY INC | LNG | $164.42M | 2.5% | unchanged |
| INTERCONTINENTAL EXCHANGE IN | ICE | $137.19M | 2.1% | unchanged |
| EQUIFAX INC | EFX | $115.44M | 1.8% | -38% shares |
| RB GLOBAL INC | RBA | $113.13M | 1.7% | +152% shares |
| COSTAR GROUP INC | CSGP | $108.20M | 1.7% | unchanged |
| PROGRESSIVE CORP | PGR | $97.25M | 1.5% | unchanged |
| HILTON WORLDWIDE HLDGS INC | HLT | $88.73M | 1.4% | unchanged |
| SALESFORCE INC | CRM | $55.84M | 0.9% | unchanged |
| TRADEWEB MKTS INC | TW | $51.27M | 0.8% | +110% shares |
| RYAN SPECIALTY HOLDINGS INC | RYAN | $34.44M | 0.5% | new |
| BROWN & BROWN INC | BRO | $23.64M | 0.4% | new |
| CASEYS GEN STORES INC | CASY | $15.26M | 0.2% | new |
| NET POWER INC | NPWR/WS | $361.8K | 0.0% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Kensico Capital Management opened 3 new positions, added to 5, trimmed 3, left 12 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001193125-25-282860, filed by KENSICO CAPITAL MANAGEMENT CORP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.