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Hedge fund

Windacre Partnership LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1599383

Reported value
$10.1bn
100% in companies we cover
Positions we cover
11
Largest ROP 28.9%
Copy, a year
+20.3%
S&P 500 +13.4%
Copy Sharpe ratio
0.82
S&P 500 0.71

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k 201520172019202120232025 $86.9k$43.5k
CopyS&P 500 $10,000 copying Windacre Partnership LLC's filed holdings in companies we cover from February 20, 2015, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −41.1% (S&P 500 −31.8%); beta 1.19; alpha +5.0% a year (t = 1.38); last 12 months +18.8% against +12.1%.

Reported value by quarter

Windacre Partnership LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2014-12-31: $150.9M Reported value, 2015-03-31: $176.6M Reported value, 2015-06-30: $227.7M Reported value, 2015-09-30: $190.7M Reported value, 2015-12-31: $261.3M Reported value, 2016-03-31: $269.5M Reported value, 2016-06-30: $291.9M Reported value, 2016-09-30: $289.3M Reported value, 2016-12-31: $305.2M Reported value, 2017-03-31: $451.1M Reported value, 2017-06-30: $586.5M Reported value, 2017-09-30: $706.4M Reported value, 2017-12-31: $878.3M Reported value, 2018-03-31: $870.1M Reported value, 2018-06-30: $996.5M Reported value, 2018-09-30: $1B Reported value, 2018-12-31: $1.7B Reported value, 2019-03-31: $1.8B Reported value, 2019-06-30: $2.1B Reported value, 2019-09-30: $2B Reported value, 2019-12-31: $1.9B Reported value, 2020-03-31: $2.2B Reported value, 2020-06-30: $3.2B Reported value, 2020-09-30: $3.3B Reported value, 2020-12-31: $3.8B Reported value, 2021-03-31: $4B Reported value, 2021-06-30: $4.5B Reported value, 2021-09-30: $4.5B Reported value, 2021-12-31: $4.5B Reported value, 2022-03-31: $4.8B Reported value, 2022-06-30: $4.8B Reported value, 2022-09-30: $6B Reported value, 2022-12-31: $4.1T Reported value, 2023-03-31: $4.7B Reported value, 2023-06-30: $5.2B Reported value, 2023-09-30: $5.5B Reported value, 2023-12-31: $6.6B Reported value, 2024-03-31: $7.3B Reported value, 2024-06-30: $7.6B Reported value, 2024-09-30: $7.5B Reported value, 2024-12-31: $6.8B Reported value, 2025-03-31: $6.7B Reported value, 2025-06-30: $7.3B Reported value, 2025-09-30: $8B Reported value, 2025-12-31: $9.3B Reported value, 2026-03-31: $9.3B Reported value, 2026-06-30: $10.1B 2014-12-31 2017-06-30 2019-12-31 2022-06-30 2026-06-30 $10.1B
View chart data
Period Reported value
2014-12-31 $150.9M
2015-03-31 $176.6M
2015-06-30 $227.7M
2015-09-30 $190.7M
2015-12-31 $261.3M
2016-03-31 $269.5M
2016-06-30 $291.9M
2016-09-30 $289.3M
2016-12-31 $305.2M
2017-03-31 $451.1M
2017-06-30 $586.5M
2017-09-30 $706.4M
2017-12-31 $878.3M
2018-03-31 $870.1M
2018-06-30 $996.5M
2018-09-30 $1B
2018-12-31 $1.7B
2019-03-31 $1.8B
2019-06-30 $2.1B
2019-09-30 $2B
2019-12-31 $1.9B
2020-03-31 $2.2B
2020-06-30 $3.2B
2020-09-30 $3.3B
2020-12-31 $3.8B
2021-03-31 $4B
2021-06-30 $4.5B
2021-09-30 $4.5B
2021-12-31 $4.5B
2022-03-31 $4.8B
2022-06-30 $4.8B
2022-09-30 $6B
2022-12-31 $4.1T
2023-03-31 $4.7B
2023-06-30 $5.2B
2023-09-30 $5.5B
2023-12-31 $6.6B
2024-03-31 $7.3B
2024-06-30 $7.6B
2024-09-30 $7.5B
2024-12-31 $6.8B
2025-03-31 $6.7B
2025-06-30 $7.3B
2025-09-30 $8B
2025-12-31 $9.3B
2026-03-31 $9.3B
2026-06-30 $10.1B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
ROPRoper Technologies28.87%$2.9bn8.63M+15.1% Added
EXPEExpedia Group9.89%$1.0bn3.91M+13.9% Added
FNFFidelity National Financial, Inc.9.75%$985.8m20.90M0.0%
TDGTransDigm Group9.01%$911.2m684.1K+34.2% Added
SAPSAP SE6.70%$678.0m4.40M+59.3% Added
SGISomnigroup International Inc.6.53%$660.2m8.42M+2.4% Added
MCOMoody's Corporation6.31%$638.6m1.41M+5.8% Added
TSMTaiwan Semiconductor Manufacturing Co LTD6.22%$629.4m1.32M−40.7% Reduced
AMZNAmazon5.71%$577.4m2.42M−38.8% Reduced
PRMPerimeter Solutions, Inc.5.69%$575.7m16.15M−26.1% Reduced
NVDANVIDIA Corporation5.32%$537.8m2.69M−17.4% Reduced
CompanyBought (value)Shares
ROPRoper Technologies$383.1m1.13M
SAPSAP SE$252.3m1.64M
TDGTransDigm Group$232.4m174.5K
EXPEExpedia Group$121.8m476.1K
MCOMoody's Corporation$34.9m77.0K
SGISomnigroup International Inc.$15.5m197.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
TSMTaiwan Semiconductor Manufacturing Co LTD−$431.3m−903.1K
AMZNAmazon−$366.0m−1.54M
PRMPerimeter Solutions, Inc.−$203.4m−5.71M
NVDANVIDIA Corporation−$113.1m−565.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

No positions in covered companies were sold out this quarter.

  • Technology47.1%
  • Consumer Discretionary22.1%
  • Financials16.1%
  • Industrials9.0%
  • Materials5.7%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 20, 2015 to November 2, 2026+20.3%+13.4%0.820.71−41.1%1.19
2018 onwardsJanuary 5, 2018 to November 2, 2026+22.1%+13.9%0.810.66−41.1%1.20
Last three yearsNovember 3, 2023 to November 2, 2026+30.9%+21.8%1.311.16−18.1%1.11
Last yearNovember 7, 2025 to November 2, 2026+17.6%+14.2%0.800.84−16.4%0.92

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.