Sessa Capital IM, L.P.
NEW YORK, NY
$5.8bn in 26 US stocks at the end of 30 June 2026. The top 10 are 86.6% of the money. It changed about 22.6% of the portfolio this quarter.
Value
$5.8bn
Stocks
26
Top 10 share
86.6%
Turnover
22.6%
What changed this quarter
New
Bought for the first time this quarter.
- ComcastCMCSA0.4% of the fund
Added
Bought more of a stock they already held.
- Kimberly-ClarkKMB9.9% of the fund+18%
- Sotera HealthSHC8.3% of the fund+17%
- Magnum Ice CreamMICC2.9% of the fund+101%
- GrailGRAL2.4% of the fund+19%
- Axalta Coating SystemsAXTA2.1% of the fund+59%
- Tandem Diabetes CareTNDM1.3% of the fund+8%
- Lexicon PharmaceuticalsLXRX0.8% of the fund+6%
- Senseonics HoldingsSENS0.4% of the fund+151%
- Atrium TherapeuticsRNA0.3% of the fund+172%
Cut
Sold some of their stake.
- Warner Bros. DiscoveryWBD13.9% of the fund-6%
- IlluminaILMN3.4% of the fund-66%
Sold out
Sold their entire stake.
Holdings
- ASA Gold & Precious MetalsASA
- Share
- 0.9%
- Value
- $55m
- Shares
- 1,050,000
Held
- Atrium TherapeuticsRNA
- Share
- 0.3%
- Value
- $20m
- Shares
- 1,500,000
+172%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| HumanaHUM | 25.6% | $1.5bn | 3,727,740 | Held |
| Warner Bros. DiscoveryWBD | 13.9% | $804m | 30,165,805 | -6% |
| Kimberly-ClarkKMB | 9.9% | $572m | 5,212,035 | +18% |
| Sotera HealthSHC | 8.3% | $480m | 27,050,000 | +17% |
| Pg&ePCG | 7.1% | $413m | 24,578,101 | Held |
| Ally FinancialALLY | 6.7% | $390m | 8,488,098 | Held |
| Capital One FinancialCOF | 5.4% | $313m | 1,558,233 | Held |
| IlluminaILMN | 3.4% | $197m | 1,118,374 | -66% |
| TeleflexTFX | 3.3% | $193m | 1,526,228 | Held |
| Magnum Ice CreamMICC | 2.9% | $167m | 9,589,219 | +101% |
| GrailGRAL | 2.4% | $139m | 2,037,518 | +19% |
| Axalta Coating SystemsAXTA | 2.1% | $121m | 3,539,329 | +59% |
| CoupangCPNG | 1.6% | $90m | 5,190,000 | Held |
| Fortrea HoldingsFTRE | 1.4% | $80m | 4,593,550 | Held |
| Tandem Diabetes CareTNDM | 1.3% | $77m | 5,100,000 | +8% |
| ASA Gold & Precious MetalsASA | 0.9% | $55m | 1,050,000 | Held |
| RokuROKU | 0.8% | $48m | 350,000 | Held |
| Lexicon PharmaceuticalsLXRX | 0.8% | $46m | 18,960,836 | +6% |
| MiniMed GroupMMED | 0.5% | $30m | 2,000,000 | Held |
| ComcastCMCSA | 0.4% | $26m | 1,048,600 | New |
| Senseonics HoldingsSENS | 0.4% | $25m | 4,437,532 | +151% |
| Atrium TherapeuticsRNA | 0.3% | $20m | 1,500,000 | +172% |
| SAB BiotherapeuticsSABS | 0.1% | $9m | 2,198,457 | Held |
| Bally'sBALY | 0.1% | $6m | 447,799 | Held |
| Flagstar Bank, National AssociationFLG | <0.1% | $479,858 | 32,119 | Held |
| Braemar Hotels & ResortsBHR | <0.1% | $56,054 | 25,951 | Held |
Options (4)
- StrategyMSTR
- Type
- Put
- Value
- $100m
- Contracts
- 1,150,000
- TeslaTSLA
- Type
- Put
- Value
- $84m
- Contracts
- 200,000
- DuolingoDUOL
- Type
- Put
- Value
- $12m
- Contracts
- 100,000
- Robinhood MarketsHOOD
- Type
- Put
- Value
- $2m
- Contracts
- 20,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| StrategyMSTR | Put | $100m | 1,150,000 |
| TeslaTSLA | Put | $84m | 200,000 |
| DuolingoDUOL | Put | $12m | 100,000 |
| Robinhood MarketsHOOD | Put | $2m | 20,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 75.9% since 30 June 2025.
Where the money is
Health care47.6%
Media & telecom15.2%
Everyday goods12.8%
Financial services12.2%
Utilities7.1%
Materials2.1%
Retail & consumer1.7%
Industrials0.4%
Real estate0.0%
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.