Belfer Management
New York, NYfiles as Belfer Management LLC
$6m in 16 US stocks at the end of 30 June 2026. The top 10 are 76.1% of the money. It changed about 11.4% of the portfolio this quarter.
Value
$6m
Stocks
16
Top 10 share
76.1%
Turnover
11.4%
What changed this quarter
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- Hamilton Insurance GroupHG9.6% of the fund-9%
- Western Midstream Partners LWES7.3% of the fund-17%
- Energy Transfer L PET7.0% of the fund-19%
- Dollar TreeDLTR3.7% of the fund-22%
Sold out
Sold their entire stake.
- Ulta BeautyULTA-100%
Holdings
- Western Midstream Partners LWES
- Share
- 7.3%
- Value
- $441,156
- Shares
- 10,081
-17%
- Mplx LPMPLX
- Share
- 7.3%
- Value
- $441,023
- Shares
- 7,829
Held
- Spdr Gold TRGLD
- Share
- 7.1%
- Value
- $428,867
- Shares
- 1,164
Held
- Energy Transfer L PET
- Share
- 7.0%
- Value
- $423,617
- Shares
- 22,155
-19%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CoupangCPNG | 15.5% | $936,994 | 53,943 | Held |
| Hamilton Insurance GroupHG | 9.6% | $576,420 | 16,984 | -9% |
| Western Midstream Partners LWES | 7.3% | $441,156 | 10,081 | -17% |
| Mplx LPMPLX | 7.3% | $441,023 | 7,829 | Held |
| Spdr Gold TRGLD | 7.1% | $428,867 | 1,164 | Held |
| Energy Transfer L PET | 7.0% | $423,617 | 22,155 | -19% |
| Lockheed MartinLMT | 6.6% | $395,628 | 777 | Held |
| AlphabetGOOGL | 5.4% | $326,211 | 913 | Held |
| Labcorp HoldingsLH | 5.4% | $325,375 | 1,162 | Held |
| Sherwin-WilliamsSHW | 4.9% | $294,778 | 856 | Held |
| PoolPOOL | 4.6% | $275,742 | 1,283 | New |
| HumanaHUM | 4.2% | $254,356 | 640 | New |
| Air Products & ChemicalsAPD | 4.0% | $242,689 | 828 | Held |
| Dollar TreeDLTR | 3.7% | $224,351 | 1,855 | -22% |
| Old Republic InternationalORI | 3.7% | $224,250 | 5,480 | Held |
| AvantorAVTR | 3.7% | $220,938 | 22,317 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 7.7% since 30 June 2025.
Where the money is
Retail & consumer15.5%
Financial services13.3%
Health care13.3%
Industrials11.1%
Materials8.9%
Media & telecom5.4%
Everyday goods3.7%
Other28.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.