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Windacre Partnership LLC — 13F Portfolio Report & Top Holdings (Q2 2026)
Windacre Partnership LLCCIK: 0001599383
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$10.1B
Reporting period: 2026-06-30 · Number of holdings: 11
WINDACRE PARTNERSHIP LLC disclosed 11 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $10.1B and a quarterly turnover rate of 16.1%.
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Personality snowflake
- Concentration
- 54.68
- Portfolio Stability
- 16.09
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 22
- Sizing Uniformity
- 92.56
Windacre Partnership LLC's disclosed holdings carry a Herfindahl concentration index of 0.137 — mathematically equivalent to about 7 equally-sized positions, close to its 11 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.74), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 10.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim AMZN
-38.8% -$247.0M
Add TDG
+34.2% $320.6M
Trim TSM
-40.7% -$121.2M
Add SAP
+59.3% $205.1M
Add EXPE
+13.9% $207.6M
Trim NVDA
-17.4% -$29.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ROP | Roper Technologies Inc | Stock-Tech | 28.87% | +0.48% | +15.10% | |
| 2 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 9.89% | +1.41% | +13.87% | |
| 3 | FNF | Fidelity National Financial | Stock-Financials | 9.75% | -0.63% | — | |
| 4 | TDG | Transdigm Group Inc | Stock-Industrials | 9.01% | +2.69% | +34.24% | |
| 5 | SAP | Sap Se-sponsored Adr | Stock-Tech | 6.70% | +1.64% | +59.27% | |
| 6 | SGI | Somnigroup International Inc | Stock-Consumer Disc | 6.53% | +0.03% | +2.40% | |
| 7 | MCO | Moody's CORP | Stock-Financials | 6.31% | +0.09% | +5.78% | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.22% | -1.81% | -40.66% | |
| 9 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.71% | -3.11% | -38.79% | |
| 10 | PRM | Perimeter Solutions Inc | Stock-Other | 5.69% | -0.02% | -26.11% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 5.32% | -0.75% | -17.38% |
Portfolio Performance
Performance for Q3 2026
+12.2%
Performance Last 4 Quarters
+27.2%
- Stdev
- +16%
- Beta
- +1.07
- Alpha
- +6.9%
- Max Drawdown
- -11.3%
- Annualized Perf
- +30.6%
- Batting Avg vs S&P
- +69.4%
- Sortino
- +3.73
- Stutzer
- +0.51
- Treynor
- +0.26
- Sterling
- +1.72
- Calmar
- +2.72
- Information Ratio
- +1
- Tracking Error
- +8.2%
- Stdev Down
- +7.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +54.8%
- Worst 12 Months
- +11.7%
- Efficiency Ratio
- +0.81
- Sharpe
- +1.76
- Stdev Sectors
- +15.2%
- Skewness
- -0.03
- Kurtosis
- +0.23
- Upside Potential
- +5.21
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 11 | $10.1B | 16 | ||
| 2026 Q1 | 11 | $9.3B | 30 | ||
| 2025 Q4 | 13 | $9.3B | 28 | ||
| 2025 Q3 | 11 | $8.0B | 34 | ||
| 2025 Q2 | 12 | $7.3B | 0 | ||
| 2025 Q1 | 13 | $6.7B | 100 | ||
| 2024 Q4 | 12 | $6.8B | 0 | ||
| 2024 Q3 | 12 | $7.5B | 0 | ||
| 2024 Q2 | 12 | $7.6B | 0 | ||
| 2024 Q1 | 13 | $7.3B | 0 | ||
| 2023 Q4 | 13 | $6.6B | 0 | ||
| 2023 Q3 | 13 | $5.5B | 0 | ||
| 2023 Q2 | 13 | $5.2B | — | ||
| 2023 Q1 | 11 | $4.7B | 0 | ||
| 2022 Q4 | 13 | $4.1B | 0 | ||
| 2022 Q3 | 12 | $6.0B | 0 | ||
| 2022 Q2 | 9 | $4.8B | 0 | ||
| 2022 Q1 | 10 | $4.8B | 0 | ||
| 2021 Q4 | 10 | $4.5B | 0 | ||
| 2021 Q3 | 11 | $4.5B | 0 | ||
| 2021 Q2 | 9 | $4.5B | 18 | ||
| 2021 Q1 | 9 | $4.0B | 43 | ||
| 2020 Q4 | 10 | $3.8B | 45 | ||
| 2020 Q3 | 11 | $3.3B | 27 | ||
| 2020 Q2 | 9 | $3.2B | 53 | ||
| 2020 Q1 | 7 | $2.2B | 49 | ||
| 2019 Q4 | 7 | $1.9B | 13 | ||
| 2019 Q3 | 7 | $2.0B | 32 | ||
| 2019 Q2 | 6 | $2.1B | 14 | ||
| 2019 Q1 | 6 | $1.8B | 15 | ||
| 2018 Q4 | 7 | $1.7B | 63 | ||
| 2018 Q3 | 7 | $1.0B | 7 | ||
| 2018 Q2 | 7 | $996.5M | 20 | ||
| 2018 Q1 | 7 | $870.1M | 27 | ||
| 2017 Q4 | 7 | $878.3M | 29 | ||
| 2017 Q3 | 6 | $706.4M | 19 | ||
| 2017 Q2 | 6 | $586.5M | 26 | ||
| 2017 Q1 | 5 | $451.1M | 39 | ||
| 2016 Q4 | 4 | $305.2M | 7 | ||
| 2016 Q3 | 4 | $289.3M | 18 | ||
| 2016 Q2 | 5 | $291.9M | 24 | ||
| 2016 Q1 | 5 | $269.5M | 88 | ||
| 2015 Q4 | 6 | $261.3M | 31 | ||
| 2015 Q3 | 6 | $190.7M | 71 | ||
| 2015 Q2 | 7 | $227.7M | 43 | ||
| 2015 Q1 | 5 | $176.6M | 42 | ||
| 2014 Q4 | 5 | $150.9M | 0 |
Holding changes this quarter
Windacre Partnership LLC's most significant position changes for 2026-06-30: Trim: Amazon.com Inc (AMZN) — shares -38.79%; Add: Transdigm Group Inc (TDG) — shares +34.24%; Trim: Taiwan Semiconductor-sp Adr (TSM) — shares -40.66%; Add: Sap Se-sponsored Adr (SAP) — shares +59.27%; Add: Expedia Group Inc (EXPE) — shares +13.87%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TDG | Transdigm Group Inc | +2.7% | +34.24% | Add |
| 2 | SAP | Sap Se-sponsored Adr | +1.6% | +59.27% | Add |
| 3 | EXPE | Expedia Group Inc | +1.4% | +13.87% | Add |
| 4 | ROP | Roper Technologies Inc | +0.5% | +15.10% | Add |
| 5 | MCO | Moody's CORP | +0.1% | +5.78% | Add |
| 6 | SGI | Somnigroup International Inc | 0% | +2.40% | Add |
| 7 | PRM | Perimeter Solutions Inc | 0% | -26.11% | Trim |
| 8 | FNF | Fidelity National Financial | -0.6% | — | Unchanged |
| 9 | NVDA | Nvidia CORP | -0.8% | -17.38% | Trim |
| 10 | TSM | Taiwan Semiconductor-sp Adr | -1.8% | -40.66% | Trim |
| 11 | AMZN | Amazon.com Inc | -3.1% | -38.79% | Trim |
Filing History
FAQ
What is Windacre Partnership LLC and what type of investor is it?
Windacre Partnership LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $10.1B, spread across 11 disclosed positions.
What are Windacre Partnership LLC's largest equity positions?
Based on the latest 13F filing, Windacre Partnership LLC's top holdings by market value are:
1. Roper Technologies Inc (ROP) — $2.9B (28.9%)
2. Expedia Group Inc (EXPE) — $1.0B (9.9%)
3. Fidelity National Financial (FNF) — $985.8M (9.8%)
4. Transdigm Group Inc (TDG) — $911.2M (9.0%)
5. Sap Se-sponsored Adr (SAP) — $678.0M (6.7%)
What changes did Windacre Partnership LLC make in its most recent portfolio filing?
In the latest reported quarter, Windacre Partnership LLC made 10 notable position adjustments: 0 new positions were initiated, 6 existing holdings were added to, 4 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Amazon.com Inc (AMZN) — shares -38.79%; Add: Transdigm Group Inc (TDG) — shares +34.24%; Trim: Taiwan Semiconductor-sp Adr (TSM) — shares -40.66%; Add: Sap Se-sponsored Adr (SAP) — shares +59.27%; Add: Expedia Group Inc (EXPE) — shares +13.87%
What sectors does Windacre Partnership LLC focus on?
Windacre Partnership LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 50.0%
• Consumer Discretionary: 23.5%
• Financials: 17.0%
• Industrials: 9.6%
Investment Profile
Windacre Partnership LLC returned an annualized 30.6% over the trailing 36 months — outperforming the S&P 500 by 6.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 69% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 50.0% of the portfolio concentrated in Information Technology.
Its concentration score has risen from 38 to 55 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its ROP position over the past two quarters (+$1.5B, now $2.9B), while trimming AMZN over the same stretch (-$372.0M, still holding $577.4M).
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Developer Access
Access Windacre Partnership LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/windacre-partnership-llcCLI
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