Managers / Q4 2025 · view latest →
Snow Phipps Group, LLC
CIK 0001698661 · 545 MADISON AVE., 10TH FLOOR, NEW YORK, NY, 10022 · 212-508-3330
Summary
Snow Phipps Group, LLC reported $351M in U.S.-listed holdings across 2 positions for Q4 2025.
The portfolio is heavily concentrated: VEL alone accounts for 79.0% of reported value.
The book was largely unchanged from Q3 2025.
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% · $351M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LAURLaureate Education Inc | HELD | +2.0K | 2.18M | +$5M | $73M |
| VELVelocity Financial Inc | HELD | +0 | 13.35M | +$35M | $277M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VELVelocity Financial Inchistory → | COM | 79.04% | $277M | 13.35M |
| 2 | LAURLaureate Education Inchistory → | COMMON STOCK | 20.96% | $73M | 2.18M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $326M | 2 | Jul 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $318M | 2 | Apr 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $351M | 2 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $311M | 2 | Oct 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $299M | 2 | Jul 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $294M | 2 | Apr 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $289M | 2 | Jan 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $285M | 2 | Oct 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $260M | 2 | Jul 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $291M | 2 | Apr 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $277M | 2 | Jan 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $209M | 2 | Oct 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $201M | 2 | Jul 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $169M | 2 | May 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $166M | 2 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $185M | 2 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $192M | 2 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $193M | 2 | May 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $263M | 2 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $129M | 2 | Nov 12, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2021 | $119M | 2 | Jul 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $91M | 2 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $64M | 2 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
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 ↗.