Parsifal Capital Management LP's Q4 2025 13F: 3 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 15 reported positions · accession 0001776090-26-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | DOLLAR TREE INC (DLTR) | 9.2% | — | −9.2 pts | −1.05M sh | −100% |
| Reduced | ALBERTSONS COS INC (ACI) | 10.9% | 4.3% | −6.7 pts | −4.24M sh | −63% |
| New | AXALTA COATING SYS LTD (AXTA) | — | 7.1% | +7.1 pts | +2.18M sh | new |
| Reduced | AVEPOINT INC (AVPT) | 11.9% | 5.3% | −6.7 pts | −4.77M sh | −56% |
| New | VIAVI SOLUTIONS INC (VIAV) | — | 6.1% | +6.1 pts | +3.39M sh | new |
| Exited | SENSIENT TECHNOLOGIES CORP (SXT) | 4.4% | — | −4.4 pts | −499K sh | −100% |
| Reduced | LOUISIANA PAC CORP (LPX) | 4.3% | 1.5% | −2.8 pts | −339K sh | −65% |
| Reduced | 3M CO (MMM) | 8.4% | 6.7% | −1.7 pts | −167K sh | −29% |
| Increased | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 3.8% | 8.9% | +5.1 pts | +809K sh | +40% |
| New | CORE SCIENTIFIC INC NEW (CORZ) | — | 1.8% | +1.8 pts | +1.2M sh | new |
| Increased | IES HLDGS INC (IESC) | 2.4% | 3.9% | +1.5 pts | +35,380 sh | +55% |
| Increased | SHARKNINJA INC (SN) | 10.4% | 13.5% | +3.1 pts | +116K sh | +11% |
| Exited | CVS HEALTH CORP (CVS) | 1.3% | — | −1.3 pts | −182K sh | −100% |
| Increased | HILTON GRAND VACATIONS INC (HGV) | 8.5% | 11.2% | +2.6 pts | +278K sh | +13% |
| Exited | HUMANA INC (HUM) | 1.1% | — | −1.1 pts | −44,000 sh | −100% |
| Increased | GLOBUS MED INC (GMED) | 5.9% | 10.8% | +4.9 pts | +118K sh | +11% |
| Reduced | GXO LOGISTICS INCORPORATED (GXO) | 7.3% | 7.6% | +0.3 pts | −41,344 sh | −3% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 5.0% | 5.0% | 0.0 pts | −4,342 sh | −3% |
| Reduced | ATMUS FILTRATION TECHNOLOGIE (ATMU) | 5.2% | 6.5% | +1.2 pts | −8,733 sh | −1% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 83.6% of the equity book
Changes in the top 10 this quarter: TEVA entered · AXTA entered · VIAV entered · ACI left · DLTR left · UNH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SHARKNINJA INC (SN) | 10.4% | 13.5% | |
| 2 | HILTON GRAND VACATIONS INC (HGV) | 8.5% | 11.2% | |
| 3 | GLOBUS MED INC (GMED) | 5.9% | 10.8% | |
| 4 | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 3.8% | 8.9% | Entered the top 10 |
| 5 | GXO LOGISTICS INCORPORATED (GXO) | 7.3% | 7.6% | |
| 6 | AXALTA COATING SYS LTD (AXTA) | 0.0% | 7.1% | Entered the top 10 |
| 7 | 3M CO (MMM) | 8.4% | 6.7% | |
| 8 | ATMUS FILTRATION TECHNOLOGIE (ATMU) | 5.2% | 6.5% | |
| 9 | VIAVI SOLUTIONS INC (VIAV) | 0.0% | 6.1% | Entered the top 10 |
| 10 | AVEPOINT INC (AVPT) | 11.9% | 5.3% | |
| — | ALBERTSONS COS INC (ACI) | 10.9% | 4.3% | Left the top 10 |
| — | DOLLAR TREE INC (DLTR) | 9.2% | 0.0% | Left the top 10 |
| — | UNITEDHEALTH GROUP INC (UNH) | 5.0% | 5.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | COMPASS INC (COMP) | Call | 0 | 10.11M | $107M |
| New | WARNER BROS DISCOVERY INC (WBD) | Call | 0 | 3.36M | $96.7M |
| New | ZILLOW GROUP INC (Z) | Put | 0 | 338K | $23M |