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Sessa Capital IM, L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$4.9B
+26.4%
Holdings
27
New Purchases
3
Added To
4
Closed
3
Reduced
6
Top 10 Concentration
90.5%
Turnover
22.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SOLS 7.35% 0.00% +7.35% $363M
SHC 7.34% 3.99% +3.35% $363M
MICC 1.53% 0.00% +1.53% $76M
AXTA 1.30% 0.00% +1.30% $64M
WBD 26.60% 25.30% +1.29% $1.3B
TNDM 2.23% 1.55% +0.67% $110M
FTRE 1.40% 0.86% +0.53% $69M
PFGC 1.07% 0.79% +0.27% $53M
ASA 1.27% 1.23% +0.04% $63M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HUM 12.03% 14.73% -2.70% $594M
ILMN 9.04% 11.39% -2.35% $446M
COF 7.65% 9.85% -2.20% $378M
THS 0.22% 2.17% -1.95% $11M
ZBRA 0.00% 1.57% -1.57% $0
KDP 0.00% 1.57% -1.57% $0
PCG 8.00% 9.49% -1.49% $395M
USFD 0.68% 1.53% -0.85% $34M
GRAL 0.63% 1.19% -0.56% $31M
ALLY 4.29% 4.70% -0.40% $212M
APD 5.93% 6.22% -0.29% $293M
ROKU 0.77% 0.90% -0.13% $38M
T 0.00% 0.10% -0.10% $0
OSCR 0.15% 0.24% -0.10% $7M
MRNA 0.44% 0.49% -0.05% $22M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 15 $4.1B 83.9%
Mid Cap 6 $541M 11.0%
Small Cap 5 $256M 5.2%
Micro Cap 1 $74K 0.0%

Portfolio Analytics

Avg Market Cap
$26.2B
Median Market Cap
$13.0B
Avg P/E
30.5
Median P/E
29.0
Avg Dividend Yield
0.01%
Avg Beta
1.14
# Stocks
27
# ETFs / Funds
0

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WBD 26.60% 45,565,629 $1.3B $28.82 $325M -5,058,519 -10.0%
2 HUM 12.03% 2,318,907 $594M $256.13 $18M +106,040 +4.8%
3 ILMN 9.04% 3,404,059 $446M $131.16 $1M -1,282,720 -27.4%
4 PCG 8.00% 24,578,101 $395M $16.07 $24M
5 COF 7.65% 1,558,233 $378M $242.36 -$7M -252,000 -13.9%
6 SOLS 7.35% 7,468,410 $363M $48.58 +7,468,410 NEW
7 SHC 7.34% 20,550,000 $363M $17.64 $206M +10,630,381 +107.2%
8 APD 5.93% 1,185,672 $293M $247.02 $50M +293,870 +33.0%
9 ALLY 4.29% 4,682,126 $212M $45.29 $29M
10 TNDM 2.23% 5,000,000 $110M $21.98 $49M
11 MICC 1.53% 4,772,810 $76M $15.85 +4,772,810 NEW
12 FTRE 1.40% 3,993,550 $69M $17.25 $35M
13 AXTA 1.30% 1,993,545 $64M $32.31 +1,993,545 NEW
14 ASA 1.27% 1,050,000 $63M $59.67 $15M
15 PFGC 1.07% 586,340 $53M $89.92 $22M +288,193 +96.7%
16 ROKU 0.77% 350,000 $38M $108.49 $3M
17 USFD 0.68% 445,592 $34M $75.32 -$26M -335,703 -43.0%
18 GRAL 0.63% 364,714 $31M $85.59 -$15M -421,430 -53.6%
19 MRNA 0.44% 743,081 $22M $29.49 $3M
20 THS 0.22% 468,176 $11M $23.59 -$74M -3,731,824 -88.8%
21 OSCR 0.15% 500,000 $7M $14.37 -$2M
22 LXRX 0.07% 3,000,000 $3M $1.15 -$600K
23 FLG 0.01% 32,119 $404K $12.59 $33K
24 BHR —% 25,951 $74K $2.87 $4K
25 T —% -$4M -143,886 -100.0% SOLD
26 KDP —% -$61M -2,400,000 -100.0% SOLD
27 ZBRA —% -$62M -206,984 -100.0% SOLD

Options Breakdown

2 Calls $95M Call Value 3 Puts $222M Put Value 2.34 P/C Ratio

Top Calls

SymbolSharesValueStatus
HUM 371,600 $95M
RHI $0 SOLD

Top Puts

SymbolSharesValueStatus
DUOL 664,000 $117M
MSTR 474,000 $72M NEW
COIN 150,000 $34M NEW

New Positions

SymbolValue% Port
SOLS $363M 7.35%
MICC $76M 1.53%
AXTA $64M 1.30%

Sold Out Positions

SymbolValue% Port
T —%
KDP —%
ZBRA —%
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