Q4 2025 · 13F-HR
P2 Capital Partners, LLCholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000829
$390.3M
Reported value
10
Positions
2025-12-31
Period end
The Brief · P2 Capital Partners, LLC · Q4 2025
AI · grounded in 13F
P2 Capital Partners, LLC closed its position in Acadia Healthcare Company In ACHC, reducing exposure by $57.87M. The fund also exited its holding in Integral Ad Science Hldng Co IAS, a move totaling $49.13M. To offset these exits, the fund increased its stake in MSA Safety Inc MSA by 36.18% and added 3.32% more shares of CBIZ Inc CBZ.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 124805102 | CBZ | CBIZ INC | $89.5M | 22.9% | 1,773,391 | Common | SOLE |
| 477839104 | JBTM | JBT MAREL CORPORATION | $67.8M | 17.4% | 449,952 | Common | SOLE |
| 09227Q100 | BLKB | BLACKBAUD INC | $39.9M | 10.2% | 630,303 | Common | SOLE |
| 880345103 | TNC | TENNANT CO | $35.7M | 9.16% | 484,950 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $34.6M | 8.86% | 1,700,000 | Common | SOLE |
| G5509L101 | LIVN | LIVANOVA PLC | $30.4M | 7.79% | 493,902 | Common | SOLE |
| 553498106 | MSA | MSA SAFETY INC | $29.7M | 7.62% | 185,675 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $27.3M | 7.00% | 361,786 | Common | SOLE |
| 05368V106 | AVNT | AVIENT CORPORATION | $19.5M | 5.00% | 624,934 | Common | SOLE |
| 194014502 | ENOV | ENOVIS CORPORATION | $15.9M | 4.06% | 595,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.