Select Equity Group 13F, Q1 2025
Select Equity Group · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1592643
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 8 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2025
The 25 largest of 143 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| LIVE NATION ENTERTAINMENT IN | LYV | $925.54M | 4.1% | -16% shares |
| CRH PLC | $912.16M | 4.1% | -6% shares | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $905.58M | 4.0% | -19% shares |
| MIDDLEBY CORP | MIDD | $838.03M | 3.7% | -12% shares |
| WABTEC | WAB | $829.70M | 3.7% | -11% shares |
| BROWN & BROWN INC | BRO | $780.53M | 3.5% | -21% shares |
| VIKING HOLDINGS LTD | $741.61M | 3.3% | +8% shares | |
| CORE & MAIN INC | CNM | $622.33M | 2.8% | -2% shares |
| ITT INC | ITT | $615.53M | 2.8% | +4% shares |
| TRIMBLE INC | TRMB | $605.94M | 2.7% | -9% shares |
| CDW CORP | CDW | $592.31M | 2.6% | +6% shares |
| MARTIN MARIETTA MATLS INC | MLM | $569.64M | 2.5% | -15% shares |
| SERVICE CORP INTL | SCI | $562.61M | 2.5% | -16% shares |
| PAYCHEX INC | PAYX | $539.10M | 2.4% | +99% shares |
| LABCORP HOLDINGS INC | LH | $516.70M | 2.3% | +39% shares |
| ALCON AG | $515.30M | 2.3% | -16% shares | |
| FORTUNE BRANDS INNOVATIONS I | FBIN | $514.99M | 2.3% | unchanged |
| STERIS PLC | $502.07M | 2.2% | -15% shares | |
| TRACTOR SUPPLY CO | TSCO | $493.70M | 2.2% | +17% shares |
| CORPAY INC | CPAY | $425.05M | 1.9% | +1302% shares |
| EMCOR GROUP INC | EME | $381.83M | 1.7% | -3% shares |
| MARKEL GROUP INC | MKL | $357.51M | 1.6% | new |
| ENTEGRIS INC | ENTG | $356.41M | 1.6% | +7% shares |
| MORNINGSTAR INC | MORN | $351.62M | 1.6% | -15% shares |
| FORTIVE CORP | FTV | $330.01M | 1.5% | +5% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Select Equity Group opened 24 new positions, added to 66, trimmed 49, left 4 unchanged and exited 23. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- MKL$357.51M
- IDXX$194.83M
- INTU$141.63M
- NET$72.48M
- FAST$59.51M
- OWL$38.81M
- SOUTHSTATE CORPORATION$34.24M
- SSNC$28.45M
and 16 more
Exited
- RVTYwas $266.13M
- ON HLDG AGwas $81.67M
- RJFwas $81.61M
- HUBGwas $75.82M
- BWXTwas $61.47M
- RGLDwas $55.82M
- GMEDwas $51.83M
- ADSKwas $36.88M
and 15 more
Other quarters
Source: SEC Form 13F-HR, accession 0001592643-25-000004, filed by Select Equity Group, L.P.. 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.