Soroban Capital Partners LP's Q4 2025 13F: 3 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 28 reported positions · accession 0000919574-26-001180
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | MASTERCARD INCORPORATED (MA) | 5.1% | 7.9% | +2.7 pts | +791K sh | +72% |
| Increased | META PLATFORMS INC (META) | 4.4% | 6.3% | +1.9 pts | +445K sh | +61% |
| Increased | VISA INC (V) | 4.7% | 6.2% | +1.5 pts | +793K sh | +47% |
| Reduced | AMAZON COM INC (AMZN) | 12.9% | 9.5% | −3.4 pts | −1.23M sh | −17% |
| New | EQUIFAX INC (EFX) | — | 1.9% | +1.9 pts | +1.02M sh | new |
| New | PINNACLE WEST CAP CORP (PNW) | — | 1.9% | +1.9 pts | +2.88M sh | new |
| New | S&P GLOBAL INC (SPGI) | — | 1.7% | +1.7 pts | +469K sh | new |
| Increased | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 4.2% | 5.4% | +1.2 pts | +799K sh | +43% |
| Increased | TRANSDIGM GROUP INC (TDG) | 6.3% | 7.2% | +0.9 pts | +167K sh | +29% |
| Increased | SOUTHERN CO (SO) | 3.3% | 4.2% | +0.9 pts | +1.84M sh | +43% |
| Exited | FIRSTENERGY CORP (FE) | 1.2% | — | −1.2 pts | −3.31M sh | −100% |
| Increased | DTE ENERGY CO (DTE) | 1.0% | 2.1% | +1.1 pts | +1.15M sh | +135% |
| Reduced | AMERICAN ELEC PWR CO INC (AEP) | 3.7% | 2.1% | −1.6 pts | −1.44M sh | −36% |
| Reduced | FERGUSON ENTERPRISES INC (FERG) | 6.8% | 4.9% | −1.9 pts | −677K sh | −19% |
| Reduced | CSX CORP (CSX) | 2.3% | 1.1% | −1.2 pts | −3.66M sh | −47% |
| Reduced | ALPHABET INC (GOOGL) | 2.5% | 1.5% | −1.0 pts | −418K sh | −33% |
| Reduced | MICROSOFT CORP (MSFT) | 17.0% | 14.7% | −2.3 pts | −105K sh | −3% |
| Exited | PPL CORP (PPL) | 0.4% | — | −0.4 pts | −1.19M sh | −100% |
| Exited | THERMO FISHER SCIENTIFIC INC (TMO) | 0.3% | — | −0.3 pts | −83,404 sh | −100% |
| Reduced | CMS ENERGY CORP (CMS) | 1.0% | 0.6% | −0.4 pts | −528K sh | −33% |
| Increased | WEC ENERGY GROUP INC (WEC) | 1.0% | 1.2% | +0.1 pts | +290K sh | +26% |
| Exited | DANAHER CORPORATION (DHR) | 0.2% | — | −0.2 pts | −149K sh | −100% |
| Reduced | ENTERGY CORP NEW (ETR) | 2.6% | 2.2% | −0.4 pts | −216K sh | −6% |
| Increased | NISOURCE INC (NI) | 1.8% | 1.7% | −0.1 pts | +239K sh | +5% |
| Reduced | BROOKFIELD CORP (BN) | 1.4% | 1.9% | +0.5 pts | −1 sh | 0% |
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 — 72.7% of the equity book
Changes in the top 10 this quarter: SO entered · AEP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP (MSFT) | 17.0% | 14.7% | |
| 2 | AMAZON COM INC (AMZN) | 12.9% | 9.5% | |
| 3 | MASTERCARD INCORPORATED (MA) | 5.1% | 7.9% | |
| 4 | TRANSDIGM GROUP INC (TDG) | 6.3% | 7.2% | |
| 5 | ALPHABET INC (GOOG) | 7.2% | 6.4% | |
| 6 | META PLATFORMS INC (META) | 4.4% | 6.3% | |
| 7 | VISA INC (V) | 4.7% | 6.2% | |
| 8 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 4.2% | 5.4% | |
| 9 | FERGUSON ENTERPRISES INC (FERG) | 6.8% | 4.9% | |
| 10 | SOUTHERN CO (SO) | 3.3% | 4.2% | Entered the top 10 |
| — | AMERICAN ELEC PWR CO INC (AEP) | 3.7% | 2.1% | 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 |
|---|---|---|---|---|---|
| Reduced | AMAZON COM INC (AMZN) | Call | 5M | 3M | $659M |