Kensico Capital Management
Michael LowensteinGREENWICH, CTfiles as KENSICO CAPITAL MANAGEMENT CORP
$5.8bn in 25 US stocks at the end of 30 June 2026. The top 10 are 86.1% of the money. It changed about 8.2% of the portfolio this quarter.
Value
$5.8bn
Stocks
25
Top 10 share
86.1%
Turnover
8.2%
What changed this quarter
New
Bought for the first time this quarter.
- Taiwan Semiconductor ManufacturingTSM1.5% of the fund
- MckessonMCK1.3% of the fund
- ToastTOST0.8% of the fund
- IconICLR0.6% of the fund
- Iqvia HoldingsIQV0.5% of the fund
- VSEVSEC0.5% of the fund
- DPC HoldingsDPC<0.1% of the fund
Added
Bought more of a stock they already held.
- Intercontinental ExchangeICE1.8% of the fund+20%
- Booking HoldingsBKNG1.8% of the fund+18%
- IntelINTC1.3% of the fund+16%
- MorningstarMORN0.8% of the fund+110%
Cut
Sold some of their stake.
- AppLovinAPP28.1% of the fund-3%
- Fair IsaacFICO7.7% of the fund-3%
- Amazon.comAMZN4.0% of the fund-9%
- S&P GlobalSPGI0.8% of the fund-5%
- SeaSE0.7% of the fund-47%
Sold out
Sold their entire stake.
- Uber TechnologiesUBER-100%
- Core ScientificCORZ-100%
Holdings
- SeaSE
- Share
- 0.7%
- Value
- $39m
- Shares
- 408,700
-47%
- NET PowerNPWR-WS
- Share
- <0.1%
- Value
- $131,602
- Shares
- 453,800
Held
- DPC HoldingsDPC
- Share
- <0.1%
- Value
- $47,343
- Shares
- 965
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppLovinAPP | 28.1% | $1.6bn | 3,182,850 | -3% |
| Howmet AerospaceHWM | 23.4% | $1.4bn | 5,083,600 | Held |
| AlphabetGOOGL | 9.3% | $539m | 1,509,500 | Held |
| Fair IsaacFICO | 7.7% | $446m | 373,500 | -3% |
| VisaV | 5.6% | $325m | 946,600 | Held |
| Amazon.comAMZN | 4.0% | $233m | 978,100 | -9% |
| MicrosoftMSFT | 2.6% | $150m | 403,400 | Held |
| ProgressivePGR | 1.9% | $109m | 498,500 | Held |
| Hilton Worldwide HoldingsHLT | 1.8% | $107m | 322,500 | Held |
| Intercontinental ExchangeICE | 1.8% | $106m | 857,700 | +20% |
| Booking HoldingsBKNG | 1.8% | $103m | 576,500 | +18% |
| Cheniere EnergyLNG | 1.7% | $102m | 424,900 | Held |
| Tradeweb MarketsTW | 1.7% | $100m | 1,004,700 | Held |
| Taiwan Semiconductor ManufacturingTSM | 1.5% | $86m | 179,500 | New |
| IntelINTC | 1.3% | $79m | 563,200 | +16% |
| MckessonMCK | 1.3% | $75m | 99,680 | New |
| ToastTOST | 0.8% | $46m | 1,659,800 | New |
| MorningstarMORN | 0.8% | $44m | 284,100 | +110% |
| S&P GlobalSPGI | 0.8% | $44m | 107,700 | -5% |
| SeaSE | 0.7% | $39m | 408,700 | -47% |
| IconICLR | 0.6% | $33m | 188,000 | New |
| Iqvia HoldingsIQV | 0.5% | $32m | 165,000 | New |
| VSEVSEC | 0.5% | $27m | 119,600 | New |
| NET PowerNPWR-WS | <0.1% | $131,602 | 453,800 | Held |
| DPC HoldingsDPC | <0.1% | $47,343 | 965 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 12.1% since 30 June 2025.
Where the money is
Media & telecom37.4%
Industrials23.9%
Financial services13.3%
Technology13.1%
Retail & consumer7.6%
Health care2.4%
Energy1.7%
Materials0.0%
Other0.7%
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.