Select Equity Group, L.P.
Long book
$18.77B
Q1 2026
Positions
159
Top-10 weight
36%
concentration
Last quarter
+7.4%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsSelect Equity Group, L.P. is a diversified fundamental manager, running a $18.77B US long book across 159 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: LIVE NATION ENTERTAINMENT IN, VIKING HOLDINGS LTD, ITT INC, WABTEC CORP, MARKEL GROUP INC.
Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.8%
Q2 2024
+10.3%
Q3 2024
-0.4%
Q4 2024
-4.0%
Q1 2025
+9.1%
Q2 2025
+4.9%
Q3 2025
-0.1%
Q4 2025
-5.0%
Q1 2026
+7.4%
Sector allocation
Industrials 27%
Services media 14%
Technology 12%
Financials 11%
Other 10%
Consumer discretionary 9%
Healthcare 9%
Materials 4%
Long book by quarter
What does Select Equity own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 5.3M | $815.1M | 4.3% | -4.3% |
| VIK VIKING HOLDINGS LTD | Industrials | 10.8M | $793.7M | 4.2% | -22.3% |
| ITT ITT INC | Industrials | 3.9M | $745.6M | 4.0% | +8.0% |
| WAB WABTEC CORP | Industrials | 2.9M | $730.6M | 3.9% | -17.9% |
| MKL MARKEL GROUP INC | Financials | 377.6K | $722.8M | 3.9% | -11.7% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 9.3M | $685.5M | 3.7% | -11.1% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 1.0M | $608.4M | 3.2% | -3.2% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 13.3M | $602.3M | 3.2% | +6.0% |
| LH LABCORP HOLDINGS INC | Healthcare | 2.2M | $580.3M | 3.1% | +3.0% |
| BRO BROWN & BROWN INC | Financials | 8.0M | $523.1M | 2.8% | -15.0% |
| CRH CRH PLC | Industrials | 4.9M | $510.6M | 2.7% | -28.3% |
| SCI SERVICE CORP INTERNATIONAL | Services media | 6.1M | $504.4M | 2.7% | -4.9% |
| STE STERIS PLC | Healthcare | 2.1M | $474.0M | 2.5% | +11.2% |
| NDAQ NASDAQ INC | Financials | 5.6M | $472.3M | 2.5% | +48.2% |
| ALC ALCON INC | Healthcare | 5.7M | $418.6M | 2.2% | -8.7% |
| EME EMCOR GROUP INC | Industrials | 555.8K | $410.4M | 2.2% | +20.2% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 5.0M | $388.8M | 2.1% | +11.5% |
| TRMB TRIMBLE INC | Other | 5.6M | $365.7M | 1.9% | -23.2% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 7.3M | $358.4M | 1.9% | -6.7% |
| PAYX PAYCHEX INC | Services media | 3.7M | $338.1M | 1.8% | -35.8% |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 2.0M | $325.9M | 1.7% | +74.0% |
| CLH CLEAN HARBORS INC | Utilities | 1.1M | $324.5M | 1.7% | +33.2% |
| CPAY CORPAY INC | Services media | 1.1M | $309.6M | 1.6% | -5.2% |
| SIG SIGNET JEWELERS LTD | Consumer discretionary | 3.3M | $277.2M | 1.5% | -7.9% |
| ROL ROLLINS INC | Services media | 4.8M | $254.6M | 1.4% | +218.9% |
| V VISA INC-CLASS A SHARES | Services media | 763.6K | $230.8M | 1.2% | +2.4% |
| PKG PACKAGING CORP OF AMERICA | Other | 1.0M | $217.1M | 1.2% | +110.0% |
| CAE CAE INC | Technology | 8.3M | $214.2M | 1.1% | +8.8% |
| MIDD MIDDLEBY CORP | Industrials | 1.5M | $198.9M | 1.1% | -50.5% |
| HUBB HUBBELL INC | Technology | 374.3K | $183.7M | 1.0% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 365.9K | $177.4M | 0.9% | +118.6% |
| NET CLOUDFLARE INC - CLASS A | Technology | 854.9K | $176.4M | 0.9% | +553.7% |
| NVDA NVIDIA CORP | Technology | 903.5K | $157.6M | 0.8% | +28.9% |
| APH AMPHENOL CORP-CL A | Technology | 1.2M | $151.6M | 0.8% | +80.4% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 726.4K | $148.5M | 0.8% | +68.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 299.5K | $147.2M | 0.8% | -4.9% |
| PWR QUANTA SERVICES INC | Industrials | 263.8K | $144.8M | 0.8% | -13.3% |
| CDW CDW CORP/DE | Consumer discretionary | 1.2M | $144.7M | 0.8% | -47.5% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 199.0K | $120.4M | 0.6% | +0.4% |
| ENTG ENTEGRIS INC | Other | 1.0M | $119.7M | 0.6% | -17.8% |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 556.9K | $110.4M | 0.6% | +5.1% |
| MORN MORNINGSTAR INC | Financials | 637.7K | $107.8M | 0.6% | -58.1% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 1.3M | $107.4M | 0.6% | New |
| CR CRANE CO | Industrials | 615.8K | $105.3M | 0.6% | +11.7% |
| FNV FRANCO-NEVADA CORP | Materials | 415.5K | $102.6M | 0.5% | +880.5% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 914.0K | $101.8M | 0.5% | +25.6% |
| FTV FORTIVE CORP | Technology | 1.7M | $94.7M | 0.5% | -55.7% |
| CRM SALESFORCE INC | Technology | 501.8K | $93.7M | 0.5% | +35.3% |
| WDAY WORKDAY INC-CLASS A | Technology | 653.0K | $84.8M | 0.5% | -10.3% |
| ONON ON HOLDING AG-CLASS A | Other | 2.5M | $83.9M | 0.4% | +31.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 179 | $19.53B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 182 | $23.20B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 166 | $24.27B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 152 | $23.86B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 151 | $23.18B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 150 | $25.18B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 149 | $27.85B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 160 | $25.41B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 157 | $28.28B | canonical | SEC ↗ |
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