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Asset Manager ← All Institutions

Davidson Kempner Capital Management LP

Q3 2025 · Filed 2026-05-15
Market Value
$4.1B
-2.2%
Holdings
196
+12
New Purchases
66
Added To
22
Closed
43
Reduced
25
Top 10 Concentration
50.1%
Turnover
55.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 12.92% 0.56% +12.35% $532M
VRNA 8.48% 0.00% +8.48% $349M
MRUS 2.82% 0.00% +2.82% $116M
CVNA 1.39% 0.00% +1.39% $57M
TDS 1.35% 0.00% +1.35% $55M
USFD 1.37% 0.38% +0.99% $56M
APP 0.87% 0.00% +0.87% $36M
CSX 0.86% 0.00% +0.86% $36M
ATI 1.05% 0.27% +0.78% $43M
AMZN 2.59% 1.88% +0.71% $106M
DIS 0.70% 0.00% +0.70% $29M
AL 1.30% 0.63% +0.67% $53M
T 1.85% 1.20% +0.65% $76M
UAL 0.59% 0.00% +0.59% $24M
CCL 1.02% 0.45% +0.57% $42M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 8.69% -8.69% $0
AZEK 0.00% 7.85% -7.85% $0
IPG 0.00% 4.61% -4.61% $0
BPMC 0.00% 3.15% -3.15% $0
ANSS 0.00% 2.94% -2.94% $0
JNPR 0.00% 2.52% -2.52% $0
FYBR 4.14% 6.37% -2.23% $170M
MSFT 1.27% 2.60% -1.34% $52M
AMED 0.00% 1.15% -1.15% $0
CMG 0.43% 1.58% -1.15% $18M
CRCL 0.00% 0.86% -0.86% $0
BKNG 1.53% 2.30% -0.77% $63M
SKX 0.00% 0.77% -0.77% $0
MU 0.00% 0.69% -0.69% $0
ALC 0.47% 1.07% -0.60% $19M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 15 $595M 14.4%
Large Cap 73 $2.4B 58.2%
Mid Cap 55 $854M 20.8%
Small Cap 21 $212M 5.2%
Micro Cap 32 $58M 1.4%

Portfolio Analytics

Avg Market Cap
$119.3B
Median Market Cap
$8.5B
Avg P/E
46.7
Median P/E
31.3
Avg Dividend Yield
0.01%
Avg Beta
1.25
# Stocks
193
# ETFs / Funds
3

Top Holdings (196 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CYBR 12.92% 1,100,542 $532M $483.15 $508M +1,042,342 +1791.0%
2 K 8.60% 4,315,380 $354M $82.02 $15M +50,377 +1.2%
3 VRNA 8.48% 3,271,623 $349M $106.71 +3,271,623 NEW
4 FYBR 4.14% 4,561,137 $170M $37.35 -$98M -2,808,861 -38.1%
5 META 3.86% 216,344 $159M $734.38 -$7M -8,500 -3.8%
6 MRUS 2.82% 1,233,909 $116M $94.15 +1,233,909 NEW
7 AMZN 2.59% 485,000 $106M $219.57 $28M +125,000 +34.7%
8 ARKO 2.57% 23,139,671 $106M $4.57 $8M
9 NVDA 2.33% 513,200 $96M $186.58 $15M
10 T 1.85% 2,694,934 $76M $28.24 $25M +944,934 +54.0%
11 BKNG 1.53% 11,662 $63M $5,399.27 -$34M -5,047 -30.2%
12 CVNA 1.39% 151,750 $57M $377.24 +151,750 NEW
13 USFD 1.37% 736,344 $56M $76.62 $40M +526,344 +250.6%
14 TDS 1.35% 1,411,700 $55M $39.24 +1,411,700 NEW
15 AL 1.30% 840,084 $53M $63.65 $27M +385,084 +84.6%
16 MSFT 1.27% 100,584 $52M $517.95 -$58M -119,883 -54.4%
17 PLNT 1.10% 435,000 $45M $103.80 $12M +135,000 +45.0%
18 KBR 1.07% 930,847 $44M $47.29 -$9M -176,129 -15.9%
19 CELH 1.05% 750,000 $43M $57.49 $903K -160,000 -17.6%
20 ATI 1.05% 530,000 $43M $81.34 $32M +400,000 +307.7%
21 MNST 1.05% 640,000 $43M $67.31 -$4M -115,000 -15.2%
22 CCL 1.02% 1,450,000 $42M $28.91 $23M +775,000 +114.8%
23 TMUS 1.02% 175,000 $42M $239.38 $6M +25,000 +16.7%
24 RTX 0.99% 242,500 $41M $167.33 $8M +17,500 +7.8%
25 AOMR 0.94% 4,134,210 $39M $9.37 -$6M -595,000 -12.6%
26 UBER 0.94% 394,655 $39M $97.97 $7M +50,000 +14.5%
27 DKNG 0.93% 1,021,610 $38M $37.40 -$6M
28 APP 0.87% 50,000 $36M $718.54 +50,000 NEW
29 CSX 0.86% 1,000,000 $36M $35.51 +1,000,000 NEW
30 CNM 0.84% 645,000 $35M $53.83 $8M +205,000 +46.6%
31 CHRW 0.84% 260,000 $34M $132.40 -$598K -105,000 -28.8%
32 EMR 0.76% 240,000 $31M $131.18 -$13M -95,000 -28.4%
33 ELF 0.74% 230,000 $30M $132.48 $16M +115,000 +100.0%
34 AZO 0.73% 7,000 $30M $4,290.24 $334K -1,000 -12.5%
35 NVT 0.72% 300,000 $30M $98.64 $3M -60,000 -16.7%
36 MCD 0.70% 95,000 $29M $303.89 $14M +45,000 +90.0%
37 DIS 0.70% 250,000 $29M $114.50 +250,000 NEW
38 Z 0.69% 371,000 $29M $77.05 $8M +71,000 +23.7%
39 MA 0.69% 50,000 $28M $568.81 $344K
40 UAL 0.59% 250,000 $24M $96.50 +250,000 NEW
41 LITE 0.57% 143,900 $23M $162.71 -$351K -106,100 -42.4%
42 TGNA 0.56% 1,139,788 $23M $20.33 +1,139,788 NEW
43 LMT 0.55% 45,000 $22M $499.21 +45,000 NEW
44 UNP 0.55% 95,000 $22M $236.37 -$5M -25,000 -20.8%
45 ETN 0.55% 60,000 $22M $374.25 -$6M -20,000 -25.0%
46 W 0.54% 250,000 $22M $89.33 -$3M -250,000 -50.0%
47 NVRI 0.52% 1,683,800 $21M $12.69 +1,683,800 NEW
48 SATS 0.51% 273,678 $21M $76.36 +273,678 NEW
49 LII 0.50% 38,500 $20M $529.36 +38,500 NEW
50 ALC 0.47% 258,305 $19M $74.42 -$26M -251,057 -49.3%
51 ZBRA 0.43% 60,000 $18M $297.16 $7M +25,000 +71.4%
52 CRM 0.43% 75,000 $18M $237.00 -$9M -25,000 -25.0%
53 BCSS 0.43% 1,750,000 $18M $10.09 +1,750,000 NEW
54 CMG 0.43% 450,000 $18M $39.19 -$49M -733,420 -62.0%
55 MELI 0.43% 7,500 $18M $2,336.94 +7,500 NEW
56 RCAT 0.42% 1,670,120 $17M $10.35 +1,670,120 NEW
57 VMC 0.41% 55,000 $17M $307.62 -$1M -15,000 -21.4%
58 WOLF 0.41% 587,698 $17M $28.60 +587,698 NEW
59 GTES 0.41% 675,000 $17M $24.82 $6M +200,000 +42.1%
60 TMDX 0.40% 146,400 $16M $112.20 $3M +42,600 +41.0%
61 ADSK 0.39% 50,000 $16M $317.67 $405K
62 MDB 0.38% 50,000 $16M $310.38 +50,000 NEW
63 SCS 0.37% 888,190 $15M $17.20 +888,190 NEW
64 IP 0.37% 325,000 $15M $46.40 +325,000 NEW
65 SNPS 0.36% 30,000 $15M $493.39 -$11M -20,000 -40.0%
66 BLCO 0.36% 980,474 $15M $15.07 +980,474 NEW
67 CAT 0.35% 30,000 $14M $477.15 $5M +5,000 +20.0%
68 ORCL 0.34% 50,000 $14M $281.24 +50,000 NEW
69 FIVE 0.34% 90,000 $14M $154.70 +90,000 NEW
70 OLLI 0.33% 105,000 $13M $128.40 -$2M -10,000 -8.7%
71 COHR 0.33% 125,000 $13M $107.72 +125,000 NEW
72 GXO 0.31% 240,000 $13M $52.89 +240,000 NEW
73 HIMS 0.29% 214,100 $12M $56.72 +214,100 NEW
74 TEAM 0.29% 75,000 $12M $159.70 -$3M
75 NTSK 0.29% 520,863 $12M $22.73 +520,863 NEW
76 HUBS 0.28% 25,000 $12M $467.80 +25,000 NEW
77 GWRE 0.28% 50,000 $11M $229.86 +50,000 NEW
78 B 0.28% 350,000 $11M $32.77 +350,000 NEW
79 SNDK 0.27% 100,000 $11M $112.20 +100,000 NEW
80 SBUX 0.26% 125,000 $11M $84.60 +125,000 NEW
81 SN 0.25% 100,000 $10M $103.15 +100,000 NEW
82 DMIIU 0.24% 1,000,000 $10M $9.95 +1,000,000 NEW
83 CPRI 0.22% 447,213 $9M $19.92 -$16M -948,119 -68.0%
84 WIX 0.22% 50,000 $9M $177.63 +50,000 NEW
85 CRWV 0.20% 60,000 $8M $136.85 +60,000 NEW
86 RL 0.19% 25,000 $8M $313.56 +25,000 NEW
87 TTWO 0.19% 30,000 $8M $258.36 $465K
88 CEPF 0.19% 750,000 $8M $10.19 +750,000 NEW
89 CEG 0.18% 23,000 $8M $329.07 +23,000 NEW
90 GPS 0.18% 350,000 $7M $21.39 +350,000 NEW
91 AVAV 0.17% 22,500 $7M $314.89 +22,500 NEW
92 BLSH 0.17% 111,000 $7M $63.61 +111,000 NEW
93 HUBG 0.17% 200,000 $7M $34.44 +200,000 NEW
94 FIG 0.16% 126,930 $7M $51.87 +126,930 NEW
95 FIGR 0.16% 180,500 $7M $36.37 +180,500 NEW
96 BHR 0.15% 2,300,700 $6M $2.73 $644K
97 ROST 0.15% 40,000 $6M $152.39 $354K -5,000 -11.1%
98 BMNR 0.13% 100,000 $5M $51.93 +100,000 NEW
99 CHAC 0.12% 500,000 $5M $10.14 $35K
100 LGN 0.11% 150,000 $5M $30.81 +150,000 NEW

Options Breakdown

5 Calls $9M Call Value 6 Puts $669M Put Value 78.15 P/C Ratio

Top Calls

SymbolSharesValueStatus
K 104,400 $9M NEW
RDDT $0 SOLD
CMG $0 SOLD
JNPR $0 SOLD
AMZN $0 SOLD

Top Puts

SymbolSharesValueStatus
QQQ 650,000 $390M
IWM 650,000 $157M
K 1,362,600 $112M NEW
CRCL 50,000 $7M NEW
ARKK 38,000 $3M NEW
CRWV $0 SOLD

New Positions

SymbolValue% Port
VRNA $349M 8.48%
MRUS $116M 2.82%
CVNA $57M 1.39%
TDS $55M 1.35%
APP $36M 0.87%
CSX $36M 0.86%
DIS $29M 0.70%
UAL $24M 0.59%
TGNA $23M 0.56%
LMT $22M 0.55%
NVRI $21M 0.52%
SATS $21M 0.51%
LII $20M 0.50%
BCSS $18M 0.43%
MELI $18M 0.43%

Sold Out Positions

SymbolValue% Port
HPE —%
ACHR —%
VOYG —%
SNOW —%
CHWY —%
ALK —%
ONON —%
TECK —%
TPR —%
KEX —%
KVUE —%
CRCL —%
NSC —%
JCI —%
ASIC —%
View SEC EDGAR Filings for Davidson Kempner Capital Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms