Kensico Capital Management 13F, Q4 2025
Kensico Capital · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1113000
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| APPLOVIN CORP | APP | $2.10B | 35.7% | unchanged |
| HOWMET AEROSPACE INC | HWM | $1.08B | 18.3% | unchanged |
| FAIR ISAAC CORP | FICO | $516.79M | 8.8% | -6% shares |
| ALPHABET INC | GOOGL | $437.45M | 7.4% | -22% shares |
| VISA INC | V | $271.52M | 4.6% | -5% shares |
| SEA LTD | SE | $239.88M | 4.1% | +43% shares |
| AMAZON COM INC | AMZN | $237.28M | 4.0% | +5% shares |
| MICROSOFT CORP | MSFT | $163.75M | 2.8% | -3% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $118.62M | 2.0% | -10% shares |
| PROGRESSIVE CORP | PGR | $113.52M | 1.9% | +27% shares |
| HILTON WORLDWIDE HLDGS INC | HLT | $94.71M | 1.6% | -4% shares |
| CHENIERE ENERGY INC | LNG | $82.60M | 1.4% | -39% shares |
| SPOTIFY TECHNOLOGY S A | $79.50M | 1.4% | new | |
| TRADEWEB MKTS INC | TW | $78.30M | 1.3% | +58% shares |
| COSTAR GROUP INC | CSGP | $60.62M | 1.0% | -30% shares |
| RYAN SPECIALTY HOLDINGS INC | RYAN | $49.54M | 0.8% | +57% shares |
| RB GLOBAL INC | RBA | $44.64M | 0.8% | -58% shares |
| STRYKER CORPORATION | SYK | $42.70M | 0.7% | new |
| DOLLAR TREE INC | DLTR | $37.25M | 0.6% | new |
| S&P GLOBAL INC | SPGI | $24.72M | 0.4% | new |
| BRUNSWICK CORP | BC | $10.74M | 0.2% | new |
| NET POWER INC | NPWR/WS | $232.6K | 0.0% | -4% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Kensico Capital Management opened 5 new positions, added to 5, trimmed 10, left 2 unchanged and exited 6. 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 0001193125-26-054531, 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.