Partners Group Holding AG
BAAR-ZUG, V8
$1.5bn in 52 US stocks at the end of 30 June 2026. The top 10 are 55.0% of the money. It changed about 14.1% of the portfolio this quarter.
Value
$1.5bn
Stocks
52
Top 10 share
55.0%
Turnover
14.1%
What changed this quarter
New
Bought for the first time this quarter.
- Robinhood MarketsHOOD0.6% of the fund
- Planet FitnessPLNT<0.1% of the fund
Added
Bought more of a stock they already held.
- Ares ManagementARES4.1% of the fund+4%
- Grupo Aeroportuario DEL CentOMAB0.6% of the fund+445%
- Royalty PharmaRPRX0.6% of the fund+81%
- Restaurant Brands InternationalQSR0.5% of the fund+76%
- Marriott InternationalMAR0.4% of the fund+52%
- Southeast Airport GroupASR0.4% of the fund+407%
- Warner Music GroupWMG0.3% of the fund+103%
- McDonald'sMCD0.3% of the fund+145%
- Sony GroupSONY0.3% of the fund+121%
- Royal GoldRGLD0.2% of the fund+159%
- Wheaton Precious MetalsWPM0.2% of the fund+127%
- Dominos PizzaDPZ0.2% of the fund+247%
- Hilton Worldwide HoldingsHLT0.2% of the fund+95%
- Dolby LaboratoriesDLB0.2% of the fund+131%
- InterDigitalIDCC<0.1% of the fund+205%
Cut
Sold some of their stake.
- Apollo Global ManagementAPO4.1% of the fund-17%
- BrookfieldBN3.7% of the fund-7%
- American TowerAMT3.5% of the fund-2%
- BlackstoneBX2.9% of the fund-3%
- Union PacificUNP2.9% of the fund-7%
- Williams CompaniesWMB2.8% of the fund-13%
- KKRKKR2.7% of the fund-3%
- Atmos EnergyATO2.7% of the fund-3%
- Waste ManagementWM2.6% of the fund-3%
- SempraSRE2.5% of the fund-2%
- CMS EnergyCMS2.5% of the fund-3%
- American Water Works CompanyAWK2.5% of the fund-3%
- FerrovialFER2.5% of the fund-3%
- CSXCSX2.2% of the fund-22%
- Old Dominion Freight LineODFL2.2% of the fund-18%
- TC EnergyTRP1.6% of the fund-6%
- SBA CommunicationsSBAC1.5% of the fund-8%
- Canadian Pacific Kansas CityCP1.4% of the fund-4%
- TPGTPG1.4% of the fund-3%
- Blue Owl CapitalOWL1.2% of the fund-11%
- EnbridgeENB0.8% of the fund-5%
- Brookfield Asset ManagementBAM0.8% of the fund-13%
- Life Time Group HoldingsLTH0.6% of the fund-19%
- ArcbestARCB0.6% of the fund-37%
- Kinder MorganKMI0.5% of the fund-14%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- BrookfieldBN
- Share
- 3.7%
- Value
- $55m
- Shares
- 1,290,543
-7%
- TC EnergyTRP
- Share
- 1.6%
- Value
- $24m
- Shares
- 365,338
-6%
- Grupo Aeroportuario DEL CentOMAB
- Share
- 0.6%
- Value
- $9m
- Shares
- 78,415
+445%
- Sony GroupSONY
- Share
- 0.3%
- Value
- $4m
- Shares
- 194,300
+121%
- Wheaton Precious MetalsWPM
- Share
- 0.2%
- Value
- $4m
- Shares
- 31,587
+127%
- ARM HoldingsARM
- Share
- 0.1%
- Value
- $2m
- Shares
- 4,400
-70%
- Pembina PipelinePBA
- Share
- <0.1%
- Value
- $428,059
- Shares
- 9,270
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| KinderCare Learning CompaniesKLC | 23.6% | $346m | 81,418,736 | Held |
| Apollo Global ManagementAPO | 4.1% | $60m | 509,278 | -17% |
| Ares ManagementARES | 4.1% | $60m | 536,811 | +4% |
| ClarivateCLVT | 3.8% | $55m | 25,583,059 | Held |
| BrookfieldBN | 3.7% | $55m | 1,290,543 | -7% |
| American TowerAMT | 3.5% | $52m | 317,617 | -2% |
| EquinixEQIX | 3.1% | $46m | 44,127 | Held |
| Republic ServicesRSG | 3.1% | $46m | 213,878 | Held |
| Nu HoldingsNU | 3.1% | $45m | 3,357,586 | Held |
| BlackstoneBX | 2.9% | $42m | 359,105 | -3% |
| Union PacificUNP | 2.9% | $42m | 154,904 | -7% |
| Williams CompaniesWMB | 2.8% | $41m | 555,236 | -13% |
| KKRKKR | 2.7% | $40m | 437,867 | -3% |
| Atmos EnergyATO | 2.7% | $40m | 230,844 | -3% |
| Waste ManagementWM | 2.6% | $38m | 169,284 | -3% |
| SempraSRE | 2.5% | $37m | 400,785 | -2% |
| CMS EnergyCMS | 2.5% | $37m | 483,770 | -3% |
| American Water Works CompanyAWK | 2.5% | $37m | 281,215 | -3% |
| FerrovialFER | 2.5% | $36m | 521,376 | -3% |
| CSXCSX | 2.2% | $33m | 693,580 | -22% |
| Old Dominion Freight LineODFL | 2.2% | $33m | 150,084 | -18% |
| TC EnergyTRP | 1.6% | $24m | 365,338 | -6% |
| SBA CommunicationsSBAC | 1.5% | $22m | 127,069 | -8% |
| Canadian Pacific Kansas CityCP | 1.4% | $21m | 243,940 | -4% |
| TPGTPG | 1.4% | $20m | 489,809 | -3% |
| Blue Owl CapitalOWL | 1.2% | $17m | 1,941,137 | -11% |
| EnbridgeENB | 0.8% | $12m | 225,342 | -5% |
| Brookfield Asset ManagementBAM | 0.8% | $12m | 269,350 | -13% |
| Life Time Group HoldingsLTH | 0.6% | $9m | 225,246 | -19% |
| ArcbestARCB | 0.6% | $9m | 61,807 | -37% |
| Grupo Aeroportuario DEL CentOMAB | 0.6% | $9m | 78,415 | +445% |
| Royalty PharmaRPRX | 0.6% | $9m | 157,944 | +81% |
| Robinhood MarketsHOOD | 0.6% | $8m | 83,261 | New |
| ADTADT | 0.5% | $7m | 1,114,353 | Held |
| Kinder MorganKMI | 0.5% | $7m | 225,468 | -14% |
| Restaurant Brands InternationalQSR | 0.5% | $7m | 94,390 | +76% |
| XPOXPO | 0.4% | $6m | 29,691 | -4% |
| Marriott InternationalMAR | 0.4% | $6m | 14,906 | +52% |
| Southeast Airport GroupASR | 0.4% | $5m | 17,375 | +407% |
| Warner Music GroupWMG | 0.3% | $5m | 185,173 | +103% |
| McDonald'sMCD | 0.3% | $5m | 17,161 | +145% |
| Sony GroupSONY | 0.3% | $4m | 194,300 | +121% |
| Royal GoldRGLD | 0.2% | $4m | 18,056 | +159% |
| Wheaton Precious MetalsWPM | 0.2% | $4m | 31,587 | +127% |
| Dominos PizzaDPZ | 0.2% | $4m | 11,943 | +247% |
| Hilton Worldwide HoldingsHLT | 0.2% | $3m | 10,495 | +95% |
| Dolby LaboratoriesDLB | 0.2% | $2m | 43,851 | +131% |
| ARM HoldingsARM | 0.1% | $2m | 4,400 | -70% |
| Planet FitnessPLNT | <0.1% | $1m | 27,668 | New |
| InterDigitalIDCC | <0.1% | $1m | 4,879 | +205% |
| Pembina PipelinePBA | <0.1% | $428,059 | 9,270 | Held |
| OneokOKE | <0.1% | $214,742 | 2,470 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 31.0% since 30 June 2025.
Where the money is
Retail & consumer26.0%
Financial services20.8%
Industrials18.3%
Real estate12.0%
Utilities11.9%
Technology4.6%
Energy4.2%
Health care0.6%
Materials0.5%
Media & telecom0.3%
Other0.9%
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.