Select Equity Group 13F, Q2 2025
Select Equity Group · quarter ending 30 June 2025 · filed 14 August 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, Q2 2025
The 25 largest of 144 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| LIVE NATION ENTERTAINMENT IN | LYV | $1.04B | 4.4% | -3% shares |
| VIKING HOLDINGS LTD | $952.87M | 4.1% | -4% shares | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $941.59M | 4.0% | -9% shares |
| CRH PLC | $890.20M | 3.8% | -7% shares | |
| WABTEC | WAB | $849.86M | 3.6% | -11% shares |
| CDW CORP | CDW | $723.77M | 3.1% | +10% shares |
| CORE & MAIN INC | CNM | $691.95M | 2.9% | -11% shares |
| MIDDLEBY CORP | MIDD | $680.76M | 2.9% | -14% shares |
| MARKEL GROUP INC | MKL | $671.85M | 2.9% | +76% shares |
| TRACTOR SUPPLY CO | TSCO | $670.89M | 2.9% | +42% shares |
| ITT INC | ITT | $663.04M | 2.8% | -11% shares |
| TRIMBLE INC | TRMB | $656.82M | 2.8% | -6% shares |
| MARTIN MARIETTA MATLS INC | MLM | $649.57M | 2.8% | unchanged |
| BROWN & BROWN INC | BRO | $637.03M | 2.7% | -8% shares |
| ALCON AG | $596.38M | 2.5% | +23% shares | |
| PAYCHEX INC | PAYX | $589.32M | 2.5% | +16% shares |
| SERVICE CORP INTL | SCI | $563.67M | 2.4% | unchanged |
| LABCORP HOLDINGS INC | LH | $559.88M | 2.4% | -4% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $511.86M | 2.2% | +22% shares |
| STERIS PLC | $493.04M | 2.1% | -7% shares | |
| EMCOR GROUP INC | EME | $485.07M | 2.1% | -12% shares |
| QUANTA SVCS INC | PWR | $384.55M | 1.6% | +69% shares |
| CORPAY INC | CPAY | $373.60M | 1.6% | -8% shares |
| MORNINGSTAR INC | MORN | $349.50M | 1.5% | -5% shares |
| SIGNET JEWELERS LIMITED | $311.47M | 1.3% | -3% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Select Equity Group opened 23 new positions, added to 58, trimmed 58, left 5 unchanged and exited 22. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 15 more
Exited
- TTCwas $169.31M
- SAIAwas $167.90M
- MKCwas $128.48M
- AOSwas $52.91M
- Hwas $37.22M
- SOUTHSTATE CORPORATIONwas $34.24M
- SSNCwas $28.45M
- SPOTIFY TECHNOLOGY S Awas $20.18M
and 14 more
Other quarters
Source: SEC Form 13F-HR, accession 0001592643-25-000006, 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.