Investor: Michael Lowenstein
Number of Assets: 21
Reporting Period: Q2 - 2025
Holdings at Report: $5,200,271,303
Return Since Report: +$606,852,923
Return Since Report: +11.67%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. (HWM) | Equity | -1.43% | 5,264,500 | 18.84% | $186.13 | $179.16 | $979,881,385 | $943,161,498 | -$36,719,888 | -3.75% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 814,300 | 2.87% | $183.47 | $173.85 | $149,399,621 | $141,566,055 | -$7,833,566 | -5.24% |
| Intuitive Surgical Inc. (ISRG) | Equity | -3.72% | 94,740 | 0.99% | $543.41 | $464.93 | $51,482,663 | $44,047,468 | -$7,435,195 | -14.44% |
| Meta Platforms Inc. (META) | Equity | 0% | 241,700 | 3.43% | $738.09 | $764.18 | $178,396,353 | $184,702,306 | +$6,305,953 | +3.53% |
| Microsoft Corp. (MSFT) | Equity | -1.55% | 356,000 | 3.41% | $497.41 | $498.50 | $177,077,960 | $177,466,000 | +$388,040 | +0.22% |
| Alphabet Inc. (GOOGL) | Equity | +93.21% | 1,783,500 | 6.04% | $176.23 | $239.51 | $314,306,205 | $427,166,085 | +$112,859,880 | +35.91% |
| Amazon.com Inc. (AMZN) | Equity | -17.63% | 978,100 | 4.13% | $219.39 | $238.22 | $214,585,359 | $233,002,982 | +$18,417,623 | +8.58% |
| Applovin Corp. (APP) | Equity | +5.02% | 3,023,500 | 20.35% | $350.08 | $554.59 | $1,058,466,880 | $1,676,802,865 | +$618,335,985 | +58.42% |
| Cheniere Energy Inc. (LNG) | Equity | 0% | 699,700 | 3.28% | $243.52 | $236.35 | $170,390,944 | $165,374,095 | -$5,016,849 | -2.94% |
| Costar Group Inc. (CSGP) | Equity | -3.67% | 1,282,400 | 1.98% | $80.40 | $88.31 | $103,104,960 | $113,248,744 | +$10,143,784 | +9.84% |
| Equifax Inc. (EFX) | Equity | -3.67% | 719,900 | 3.59% | $259.37 | $250.82 | $186,720,463 | $180,561,719 | -$6,158,745 | -3.30% |
| Fair Isaac Corp. (FICO) | Equity | +3.96% | 249,180 | 8.76% | $1,827.96 | $1,547.53 | $455,491,073 | $385,613,525 | -$69,877,548 | -15.34% |
| Fiserv Inc. (FI) | Equity | +11.26% | 1,545,846 | 5.13% | $172.41 | $135.93 | $266,519,309 | $210,126,847 | -$56,392,462 | -21.16% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | +100% | 342,000 | 1.75% | $266.34 | $275.03 | $91,088,280 | $94,060,260 | +$2,971,980 | +3.26% |
| The Progressive Corp. (PGR) | Equity | 0% | 393,800 | 2.02% | $266.86 | $243.85 | $105,089,468 | $96,028,130 | -$9,061,338 | -8.62% |
| Rb Global Inc. (RBA) | Equity | +100% | 414,300 | 0.85% | $106.19 | $116.07 | $43,994,517 | $48,087,801 | +$4,093,284 | +9.30% |
| Salesforce Inc. (CRM) | Equity | 0% | 235,600 | 1.24% | $272.69 | $252.20 | $64,245,764 | $59,418,320 | -$4,827,444 | -7.51% |
| Sea Limited (SE) | Equity | -3.68% | 1,608,800 | 4.95% | $159.94 | $192.14 | $257,311,472 | $309,114,832 | +$51,803,360 | +20.13% |
| Tradeweb Markets Inc. (TW) | Equity | -3.68% | 220,100 | 0.62% | $146.40 | $119.16 | $32,222,640 | $26,227,116 | -$5,995,524 | -18.61% |
| Visa Inc. (V) | Equity | -1.73% | 845,900 | 5.78% | $355.05 | $344.24 | $300,336,795 | $291,188,387 | -$9,148,409 | -3.05% |