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Sessa Capital IM, L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$3.9B
+20.6%
Holdings
27
-5
New Purchases
2
Added To
4
Closed
3
Reduced
1
Top 10 Concentration
89.4%
Turnover
18.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WBD 25.30% 17.91% +7.39% $989M
SHC 3.99% 2.16% +1.83% $156M
KDP 1.57% 0.00% +1.57% $61M
PFGC 0.79% 0.00% +0.79% $31M
USFD 1.53% 0.95% +0.58% $60M
APD 6.22% 5.74% +0.49% $243M
FTRE 0.86% 0.61% +0.25% $34M
ASA 1.23% 1.02% +0.21% $48M
LXRX 0.10% 0.09% +0.02% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ILMN 11.39% 13.91% -2.52% $445M
COF 9.85% 11.89% -2.04% $385M
GTX 0.00% 1.41% -1.41% $0
TNDM 1.55% 2.88% -1.32% $61M
HUM 14.73% 16.03% -1.30% $576M
PCG 9.49% 10.58% -1.09% $371M
GPC 0.00% 0.94% -0.94% $0
ALLY 4.70% 5.63% -0.93% $184M
BIGZ 0.00% 0.46% -0.46% $0
ZBRA 1.57% 1.97% -0.40% $62M
THS 2.17% 2.52% -0.35% $85M
MRNA 0.49% 0.63% -0.14% $19M
OSCR 0.24% 0.33% -0.09% $9M
GRAL 1.19% 1.25% -0.06% $46M
ROKU 0.90% 0.95% -0.05% $35M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 15 $3.5B 88.6%
Mid Cap 5 $212M 5.4%
Small Cap 6 $231M 5.9%
Micro Cap 1 $71K 0.0%

Portfolio Analytics

Avg Market Cap
$25.9B
Median Market Cap
$13.0B
Avg P/E
40.8
Median P/E
28.4
Avg Dividend Yield
0.01%
Avg Beta
1.16
# Stocks
26
# ETFs / Funds
1

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WBD 25.30% 50,624,148 $989M $19.53 $409M
2 HUM 14.73% 2,212,867 $576M $260.17 $56M +88,902 +4.2%
3 ILMN 11.39% 4,686,779 $445M $94.97 -$6M -36,095 -0.8%
4 COF 9.85% 1,810,233 $385M $212.58 -$326K
5 PCG 9.49% 24,578,101 $371M $15.08 $28M
6 APD 6.22% 891,802 $243M $272.72 $57M +232,802 +35.3%
7 ALLY 4.70% 4,682,126 $184M $39.20 $1M
8 SHC 3.99% 9,919,619 $156M $15.73 $86M +3,619,022 +57.4%
9 THS 2.17% 4,200,000 $85M $20.21 $3M
10 ZBRA 1.57% 206,984 $62M $297.16 -$2M
11 KDP 1.57% 2,400,000 $61M $25.51 +2,400,000 NEW
12 TNDM 1.55% 5,000,000 $61M $12.14 -$32M
13 USFD 1.53% 781,295 $60M $76.62 $29M +381,295 +95.3%
14 ASA 1.23% 1,050,000 $48M $45.80 $15M
15 GRAL 1.19% 786,144 $46M $59.13 $6M
16 ROKU 0.90% 350,000 $35M $100.13 $4M
17 FTRE 0.86% 3,993,550 $34M $8.42 $14M
18 PFGC 0.79% 298,147 $31M $104.04 +298,147 NEW
19 MRNA 0.49% 743,081 $19M $25.83 -$1M
20 OSCR 0.24% 500,000 $9M $18.93 -$1M
21 T 0.10% 143,886 $4M $28.24 -$101K
22 LXRX 0.10% 3,000,000 $4M $1.35 $1M
23 FLG 0.01% 32,119 $371K $11.55 $31K
24 BHR —% 25,951 $71K $2.73 $7K
25 GPC —% -$31M -252,308 -100.0% SOLD
26 GTX —% -$46M -4,348,770 -100.0% SOLD
27 BIGZ —% -$15M -2,015,096 -100.0% SOLD

Options Breakdown

2 Calls $146M Call Value 1 Puts $100M Put Value 0.68 P/C Ratio

Top Calls

SymbolSharesValueStatus
HUM 521,600 $136M
RHI 300,000 $10M NEW

Top Puts

SymbolSharesValueStatus
DUOL 310,000 $100M NEW

New Positions

SymbolValue% Port
KDP $61M 1.57%
PFGC $31M 0.79%

Sold Out Positions

SymbolValue% Port
GPC —%
GTX —%
BIGZ —%
View SEC EDGAR Filings for Sessa Capital IM, L.P. →

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