Sixth Street Partners Management Company, L.P.
Long book
$710.7M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
+2.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSixth Street Partners Management Company, L.P. is a concentrated fundamental stock-picker, running a $710.7M US long book across 7 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CARIS LIFE SCIENCES INC, P G & E CORP, ATLANTA BRAVES HOLDINGS IN-C, SIXTH STREET SPECIALTY LENDI, MASTERBRAND INC.
Over the last 9 quarters its long book ran on average 6.3pp per quarter behind the S&P 500, beating the index in 2 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
+2.5%
Q2 2024
+6.3%
Q3 2024
+1.7%
Q4 2024
-8.1%
Q1 2025
-6.2%
Q2 2025
+10.1%
Q3 2025
-6.4%
Q4 2025
-19.0%
Q1 2026
+2.9%
Sector allocation
Healthcare 36%
Utilities 34%
Other 13%
Services media 9%
Technology 5%
Financials 3%
Long book by quarter
What does Sixth Street own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAI CARIS LIFE SCIENCES INC | Healthcare | 14.4M | $257.2M | 36.2% | -25.8% |
| PCG P G & E CORP | Utilities | 13.6M | $239.1M | 33.6% | -8.1% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 1.6M | $66.3M | 9.3% | +108.9% |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 2.7M | $49.9M | 7.0% | Held |
| MBC MASTERBRAND INC | Other | 4.9M | $40.8M | 5.7% | Held |
| CXM SPRINKLR INC-A | Technology | 5.7M | $34.0M | 4.8% | Held |
| ESNT ESSENT GROUP LTD | Financials | 400.0K | $23.4M | 3.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 9 | $710.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $973.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 9 | $1.16B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 10 | $1.26B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 21 | $763.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 20 | $777.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 17 | $742.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 16 | $740.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 17 | $873.0M | canonical | SEC ↗ |
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