KENSICO CAPITAL MANAGEMENT CORP
Long book
$4.90B
Q1 2026
Positions
20
Top-10 weight
89%
concentration
Last quarter
+20.1%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsKENSICO CAPITAL MANAGEMENT CORP is a concentrated fundamental stock-picker, running a $4.90B US long book across 20 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLOVIN CORP-CLASS A, HOWMET AEROSPACE INC, ALPHABET INC-CL A, FAIR ISAAC CORP, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 3.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+15.4%
Q3 2024
+17.8%
Q4 2024
-2.3%
Q1 2025
+15.4%
Q2 2025
+21.5%
Q3 2025
-2.4%
Q4 2025
-19.8%
Q1 2026
+20.1%
Sector allocation
Technology 40%
Industrials 26%
Services media 19%
Financials 8%
Consumer discretionary 5%
Utilities 2%
Long book by quarter
What does KENSICO CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| APP APPLOVIN CORP-CLASS A | Technology | 3.3M | $1.31B | 26.7% | +5.3% |
| HWM HOWMET AEROSPACE INC | Industrials | 5.1M | $1.17B | 23.9% | -3.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.5M | $434.1M | 8.9% | +8.0% |
| FICO FAIR ISAAC CORP | Services media | 385.0K | $411.0M | 8.4% | +25.9% |
| V VISA INC-CLASS A SHARES | Services media | 949.1K | $286.9M | 5.9% | +22.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1M | $223.3M | 4.6% | +4.3% |
| MSFT MICROSOFT CORP | Technology | 403.4K | $149.3M | 3.0% | +19.1% |
| LNG CHENIERE ENERGY INC | Utilities | 424.9K | $120.6M | 2.5% | Held |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 1.0M | $118.6M | 2.4% | +38.4% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 716.6K | $112.7M | 2.3% | -2.2% |
| PGR PROGRESSIVE CORP | Financials | 498.5K | $98.8M | 2.0% | Held |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 322.5K | $98.1M | 2.0% | -2.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 1.3M | $91.8M | 1.9% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 19.6K | $82.4M | 1.7% | New |
| SPGI S&P GLOBAL INC | Services media | 113.5K | $48.3M | 1.0% | +140.0% |
| CORZ CORE SCIENTIFIC INC | Financials | 2.3M | $35.1M | 0.7% | New |
| MORN MORNINGSTAR INC | Financials | 135.0K | $22.8M | 0.5% | New |
| INTC INTEL CORP | Technology | 485.0K | $21.4M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 20 | $4.90B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $5.88B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 23 | $6.49B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 21 | $5.20B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 24 | $4.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 23 | $4.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 26 | $3.76B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 25 | $3.21B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 24 | $3.04B | canonical | SEC ↗ |
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