Q4 2025 · 13F-HR
Partners Group Holding AGholdings as filed
Filed 2026-02-06 · accession 0001213900-26-013077
$1.48B
Reported value
49
Positions
2025-12-31
Period end
The Brief · Partners Group Holding AG · Q4 2025
AI · grounded in 13F
Partners Group Holding AG closed its position in ARCC, reducing exposure by $36.1M. The fund also exited positions in CNI and CCI, totaling $28.9M and $24.4M in reductions respectively. Offsetting these sells, the fund established a new position in CP worth $19.4M and added BAM with a $12.2M investment. Additionally, the fund increased its share counts in OWL by 41.5% and ODFL by 37%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 49456W105 | KLC | KinderCare Learning Cos Inc | $351.7M | 23.8% | 81,418,736 | Common | SOLE |
| G21810909 | CLVT | Clarivate PLC | $85.4M | 5.77% | 25,583,059 | Common | SOLE |
| 03769M106 | APO | Apollo Global Management Inc | $82.9M | 5.60% | 572,540 | Common | SOLE |
| 03990B101 | ARES | Ares Management Corp | $70.6M | 4.77% | 436,910 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp | $60.6M | 4.09% | 1,320,346 | Common | SOLE |
| 03027X100 | AMT | American Tower Corp | $55.0M | 3.71% | 313,125 | Common | SOLE |
| 48251W104 | KKR | KKR & Co Inc | $52.0M | 3.51% | 408,003 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $51.5M | 3.48% | 334,073 | Common | SOLE |
| 760759100 | RSG | Republic Services Inc | $44.7M | 3.02% | 210,806 | Common | SOLE |
| 09581B103 | OWL | Blue Owl Capital Inc | $41.0M | 2.77% | 2,745,267 | Common | SOLE |
| 969457100 | WMB | Williams Cos Inc/The | $40.9M | 2.76% | 680,676 | Common | SOLE |
| 049560105 | ATO | Atmos Energy Corp | $40.5M | 2.74% | 241,751 | Common | SOLE |
| 030420103 | AWK | American Water Works Co Inc | $40.1M | 2.71% | 307,389 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $38.8M | 2.62% | 167,786 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $38.6M | 2.60% | 175,468 | Common | SOLE |
| 816851109 | SRE | Sempra | $36.3M | 2.45% | 411,055 | Common | SOLE |
| 125896100 | CMS | CMS Energy Corp | $34.8M | 2.35% | 498,234 | Common | SOLE |
| N3168P101 | FER | Ferrovial SE | $34.4M | 2.33% | 531,719 | Common | SOLE |
| 29444U700 | EQIX | Equinix Inc | $33.8M | 2.28% | 44,127 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $32.6M | 2.20% | 899,172 | Common | SOLE |
| 679580100 | ODFL | Old Dominion Freight Line Inc | $30.5M | 2.06% | 194,631 | Common | SOLE |
| 872657101 | TPG | TPG Inc | $27.0M | 1.82% | 423,161 | Common | SOLE |
| 78410G104 | SBAC | SBA Communications Corp | $24.0M | 1.62% | 123,947 | Common | SOLE |
| 87807B107 | TRP | TC Energy Corp | $23.7M | 1.60% | 431,583 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City L | $19.4M | 1.31% | 263,598 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $12.3M | 0.83% | 256,874 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Lt | $12.2M | 0.82% | 231,951 | Common | SOLE |
| 03937C105 | ARCB | ArcBest Corp | $10.9M | 0.74% | 147,476 | Common | SOLE |
| 00090Q103 | ADT | ADT Inc | $9.0M | 0.61% | 1,114,353 | Common | SOLE |
| 49456B101 | KMI | Kinder Morgan Inc | $8.0M | 0.54% | 291,741 | Common | SOLE |
| 53190C102 | LTH | Life Time Group Holdings Inc | $7.4M | 0.50% | 277,777 | Common | SOLE |
| 888787108 | TOST | Toast Inc | $6.6M | 0.44% | 185,085 | Common | SOLE |
| 983793100 | XPO | XPO Inc | $5.7M | 0.38% | 41,877 | Common | SOLE |
| G6683N103 | NU | NU Holdings Ltd/Cayman Islands | $2.4M | 0.16% | 145,202 | Common | SOLE |
| G7709Q104 | RPRX | Royalty Pharma PLC | $1.9M | 0.13% | 49,855 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands Internationa | $1.7M | 0.11% | 24,645 | Common | SOLE |
| 571903202 | MAR | Marriott International Inc/MD | $1.7M | 0.11% | 5,399 | Common | SOLE |
| 400501102 | OMAB | Grupo Aeroportuario del Centro | $1.6M | 0.11% | 14,380 | Common | SOLE |
| 934550203 | WMG | Warner Music Group Corp | $1.4M | 0.10% | 45,986 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $1.1M | 0.07% | 3,477 | Common | SOLE |
| 780287108 | RGLD | Royal Gold Inc | $934,507 | 0.06% | 4,204 | Common | SOLE |
| 962879102 | WPM | Wheaton Precious Metals Corp | $931,464 | 0.06% | 7,926 | Common | SOLE |
| 835699307 | SONY | Sony Group Corp | $921,600 | 0.06% | 36,000 | Common | SOLE |
| 43300A203 | HLT | Hilton Worldwide Holdings Inc | $803,151 | 0.05% | 2,796 | Common | SOLE |
| 042068205 | ARM | ARM Holdings PLC | $797,963 | 0.05% | 7,300 | Common | SOLE |
| 25754A201 | DPZ | Domino's Pizza Inc | $611,475 | 0.04% | 1,467 | Common | SOLE |
| 25659T107 | DLB | Dolby Laboratories Inc | $585,044 | 0.04% | 9,110 | Common | SOLE |
| 706327103 | PBA | Pembina Pipeline Corp | $352,866 | 0.02% | 9,270 | Common | SOLE |
| 45867G101 | IDCC | InterDigital Inc | $300,869 | 0.02% | 945 | 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.