Select Equity Group 13F, Q3 2025
Select Equity Group · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1592643
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 14 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2025
The 25 largest of 152 positions. 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 |
|---|---|---|---|---|
| CRH PLC | $1.03B | 4.4% | -11% shares | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $987.68M | 4.2% | -15% shares |
| VIKING HOLDINGS LTD | $952.23M | 4.1% | -14% shares | |
| LIVE NATION ENTERTAINMENT IN | LYV | $910.35M | 3.9% | -19% shares |
| WABTEC | WAB | $739.46M | 3.2% | -9% shares |
| MARKEL GROUP INC | MKL | $731.54M | 3.1% | +14% shares |
| ITT INC | ITT | $704.49M | 3.0% | -7% shares |
| TRACTOR SUPPLY CO | TSCO | $690.10M | 3.0% | -5% shares |
| CDW CORP | CDW | $661.91M | 2.8% | +3% shares |
| MARTIN MARIETTA MATLS INC | MLM | $653.32M | 2.8% | -12% shares |
| TRIMBLE INC | TRMB | $624.19M | 2.7% | -12% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $619.51M | 2.6% | unchanged |
| BROWN & BROWN INC | BRO | $569.91M | 2.4% | +6% shares |
| MIDDLEBY CORP | MIDD | $557.83M | 2.4% | -11% shares |
| PAYCHEX INC | PAYX | $552.37M | 2.4% | +8% shares |
| SERVICE CORP INTL | SCI | $550.03M | 2.4% | -5% shares |
| LABCORP HOLDINGS INC | LH | $527.34M | 2.3% | -14% shares |
| CORE & MAIN INC | CNM | $521.69M | 2.2% | -16% shares |
| ALCON AG | $501.08M | 2.1% | unchanged | |
| STERIS PLC | $489.14M | 2.1% | -4% shares | |
| MORNINGSTAR INC | MORN | $488.08M | 2.1% | +89% shares |
| EMCOR GROUP INC | EME | $477.91M | 2.0% | -19% shares |
| SIGNET JEWELERS LIMITED | $368.86M | 1.6% | unchanged | |
| JONES LANG LASALLE INC | JLL | $340.66M | 1.5% | +22% shares |
| CORPAY INC | CPAY | $333.44M | 1.4% | +3% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Select Equity Group opened 15 new positions, added to 64, trimmed 63, left 10 unchanged and exited 7. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- OC$66.84M
- SSB$49.77M
- VCTR$39.94M
- WT$32.13M
- NIQ GLOBAL INTELLIGENCE PLC$26.52M
- LQDT$17.86M
- ZWS$13.87M
- ECG$12.74M
and 7 more
Exited
- DAYwas $141.13M
- BIOwas $61.78M
- KKRwas $46.09M
- RALwas $23.67M
- FASTwas $19.82M
- AON PLCwas $10.00M
- AINwas $3.44M
Other quarters
Source: SEC Form 13F-HR, accession 0001592643-25-000010, 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.