WINDACRE PARTNERSHIP LLC
Long book
$9.34B
Q1 2026
Positions
11
Top-10 weight
95%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsWINDACRE PARTNERSHIP LLC is a concentrated fundamental stock-picker, running a $9.34B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ROPER TECHNOLOGIES INC, FIDELITY NATIONAL FINANCIAL, AMAZON.COM INC, EXPEDIA GROUP INC, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 5 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
+9.0%
Q2 2024
+1.9%
Q3 2024
+5.8%
Q4 2024
-4.8%
Q1 2025
+12.6%
Q2 2025
+13.2%
Q3 2025
+8.5%
Q4 2025
-13.0%
Q1 2026
+11.8%
Sector allocation
Technology 40%
Industrials 17%
Financials 12%
Consumer discretionary 10%
Other 7%
Services media 7%
Materials 7%
Long book by quarter
What does WINDACRE PARTNERSHIP own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ROP ROPER TECHNOLOGIES INC | Technology | 7.5M | $2.65B | 28.4% | +142.2% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 20.9M | $969.5M | 10.4% | +6.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.0M | $824.3M | 8.8% | -3.8% |
| EXPE EXPEDIA GROUP INC | Industrials | 3.4M | $792.7M | 8.5% | +46.0% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 8.2M | $607.8M | 6.5% | -11.8% |
| TDG TRANSDIGM GROUP INC | Industrials | 509.6K | $590.6M | 6.3% | -10.0% |
| MCO MOODY'S CORP | Services media | 1.3M | $581.5M | 6.2% | +19.1% |
| NVDA NVIDIA CORP | Technology | 3.3M | $567.3M | 6.1% | Held |
| PRM PERIMETER SOLUTIONS INC | Materials | 21.9M | $533.7M | 5.7% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $9.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $9.32B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 11 | $7.99B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 12 | $7.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 13 | $6.67B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $6.82B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $7.52B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $7.60B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 13 | $7.28B | canonical | SEC ↗ |
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