Managers / Q1 2026
Lexington Partners L.P.
CIK 0001621157 · 399 PARK AVENUE,, FL.20, NEW YORK, NY, 10022 · 212-754-0411
Summary
Lexington Partners L.P. reported $366M in U.S.-listed holdings across 3 positions for Q1 2026.
The portfolio is heavily concentrated: KRMN alone accounts for 96.8% of reported value.
Compared with Q4 2025, the fund opened 0 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $366M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| RBRKRUBRIK INC. | SOLD OUT | −4.2K | 0 | −$319,686 | $0 |
| ALECALECTOR INC | SOLD OUT | −53.5K | 0 | −$83,441 | $0 |
| KRMNKARMAN HLDGS INC | HELD | +0 | 4.43M | +$30M | $355M |
| NABLN-ABLE INC | HELD | +0 | 1.24M | −$3M | $6M |
| MDLNMEDLINE INC | HELD | +0 | 134.2K | +$335,580 | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | KRMNKARMAN HLDGS INChistory → | COMMON STOCK | 96.79% | $355M | 4.43M |
| 2 | MDLNMEDLINE INChistory → | COM CL A | 1.63% | $6M | 134.2K |
| 3 | NABLN-ABLE INChistory → | COMMON STOCK | 1.58% | $6M | 1.24M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $366M | 3 | May 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $339M | 5 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $330M | 4 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $10M | 1 | Jul 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $11M | 4 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $83M | 6 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $94M | 3 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $126M | 3 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $140M | 4 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $152M | 9 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $136M | 4 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $148M | 7 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $156M | 5 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $180M | 6 | Feb 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $183M | 7 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $194M | 7 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $220M | 6 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $235M | 6 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $191M | 5 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $211M | 3 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $196M | 4 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $183M | 5 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $160M | 3 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $128M | 3 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $172M | 4 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $179M | 4 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $48M | 2 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- FRANKLIN RESOURCES INC028-00734
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.