Q4 2025 · 13F-HR
Madison Avenue Partners, LPholdings as filed
Filed 2026-02-17 · accession 0001801265-26-000002
$2.33B
Reported value
23
Positions
2025-12-31
Period end
The Brief · Madison Avenue Partners, LP · Q4 2025
AI · grounded in 13F
Madison Avenue Partners, LP established a new position in INDV worth $225.3M. The fund also opened new stakes in SOLS for $135.2M and MOH for $110M. To offset these additions, the fund closed positions in NWSA and AIV, while trimming its holding in KROS by 69.6%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 80004C200 | SNDK | SANDISK CORP | $340.4M | 14.6% | 1,434,172 | Common | SOLE |
| 384637104 | GHC | GRAHAM HLDGS CO | $270.1M | 11.6% | 245,829 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $229.2M | 9.85% | 2,624,751 | Common | SOLE |
| 45579U109 | INDV | INDIVIOR PLC | $225.3M | 9.68% | 6,280,502 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $188.9M | 8.12% | 87,889 | Common | SOLE |
| G8807B106 | TBPH | THERAVANCE BIOPHARMA INC | $178.0M | 7.65% | 9,511,150 | Common | SOLE |
| 83444M101 | SOLV | SOLVENTUM CORP | $157.5M | 6.77% | 1,988,058 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $135.2M | 5.81% | 2,782,460 | Common | SOLE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $110.0M | 4.73% | 633,877 | Common | SOLE |
| N5505D105 | MICC | MAGNUM ICE CREAM CO NV | $101.9M | 4.38% | 6,429,296 | Common | SOLE |
| 36315X101 | LKFT | GALAPAGOS NV | $72.4M | 3.11% | 2,213,169 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $69.3M | 2.98% | 1,223,767 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $58.6M | 2.52% | 303,844 | Common | SOLE |
| 85256A109 | STGW | STAGWELL INC | $39.2M | 1.68% | 8,014,322 | Common | SOLE |
| 968223206 | WLY | WILEY JOHN & SONS INC | $35.1M | 1.51% | 1,147,258 | Common | SOLE |
| 55939A107 | MAGN | MAGNERA CORP | $27.0M | 1.16% | 1,780,649 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC | $26.9M | 1.15% | 247,723 | Common | SOLE |
| 152413100 | CBC | CENTRAL BANCOMPANY | $24.0M | 1.03% | 993,879 | Common | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $16.8M | 0.72% | 823,707 | Common | SOLE |
| 829242106 | SBGI | SINCLAIR INC | $13.9M | 0.60% | 909,653 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $5.2M | 0.22% | 59,946 | Common | SOLE |
| 35471R106 | FSP | FRANKLIN STR PPTYS CORP | $2.1M | 0.09% | 2,253,389 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $688,409 | 0.03% | 6,152 | 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.