Managers / Q2 2025 · view latest →
SurgoCap Partners LP
CIK 0001960830 · 920 BROADWAY, 9TH FLOOR, NEW YORK, NY, 10010 · 646-974-6340
Summary
Surgocap Partners LP reported $2.6B in U.S.-listed holdings across 13 positions for Q2 2025.
Its largest position, LPLA, represents 12.5% of the portfolio.
Compared with Q1 2025, the fund opened 2 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 · 89.3% · $2.4B
- Other · 10.7% · $283M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INTUINTUIT | NEW | +267.8K | 267.8K | +$211M | $211M |
| JOHNSON CTLS INTL PLC | NEW | +1.09M | 1.09M | +$115M | $115M |
| HLTHILTON WORLDWIDE HLDGS INC | ADDED | +585.0K | 1.07M | +$174M | $284M |
| NU HLDGS LTD | ADDED | +6.51M | 12.22M | +$109M | $168M |
| UNHUNITEDHEALTH GROUP INC | SOLD OUT | −271.7K | 0 | −$142M | $0 |
| NOWSERVICENOW INC | SOLD OUT | −80.9K | 0 | −$64M | $0 |
| CRSCARPENTER TECHNOLOGY CORP | TRIMMED | −686.0K | 926.0K | −$36M | $256M |
| BXBLACKSTONE INC | ADDED | +380.1K | 1.73M | +$70M | $259M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LPLALPL FINL HLDGS INChistory → | COM | 12.48% | $331M | 881.4K |
| 2 | BSXBOSTON SCIENTIFIC CORPhistory → | COM | 11.05% | $293M | 2.72M |
| 3 | BXBLACKSTONE INChistory → | COM | 9.79% | $259M | 1.73M |
| 4 | CRSCARPENTER TECHNOLOGY CORPhistory → | COM | 9.66% | $256M | 926.0K |
| 5 | HLTHILTON WORLDWIDE HLDGS INChistory → | COM | 9.22% | $244M | 916.7K |
| 6 | NFLXNETFLIX INChistory → | COM | 8.49% | $225M | 167.8K |
| 7 | INTUINTUIThistory → | COM | 7.96% | $211M | 267.8K |
| 8 | MCKMCKESSON CORPhistory → | COM | 7.42% | $196M | 268.2K |
| 9 | NU HLDGS LTD | ORD SHS CL A | 6.33% | $168M | 12.22M |
| 10 | GWREGUIDEWIRE SOFTWARE INChistory → | COM | 6.25% | $166M | 703.5K |
| 11 | METAMETA PLATFORMS INChistory → | CL A | 5.48% | $145M | 196.8K |
| 12 | JOHNSON CTLS INTL PLC | SHS | 4.35% | $115M | 1.09M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $3.0B | 14 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $3.6B | 17 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $3.6B | 16 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $2.6B | 13 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $2.0B | 12 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.9B | 12 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $2.0B | 12 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $1.7B | 13 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $1.9B | 14 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $1.4B | 15 | Feb 14, 2024 | 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 ↗.