KENSICO CAPITAL MANAGEMENT CORP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, KENSICO CAPITAL MANAGEMENT CORP initiated 5 new positions, increased allocation to 8 existing positions, trimmed 5 positions, and exited 7 positions entirely. The fund's 13F equity book declined from $5.88B to $4.90B (-16.8% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $5.88BPrior quarter
- $4.90BCurrent quarter
- $-0.99BNet delta
- -16.8%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | 1.88% | Holders → |
| BOOKING HOLDINGS INC | BKNG | 1.68% | Holders → |
| CORE SCIENTIFIC INC NEW | CORZ | 0.72% | Holders → |
| MORNINGSTAR INC | MORN | 0.47% | Holders → |
| INTEL CORP | INTC | 0.44% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| S&P GLOBAL INC | SPGI | +0.57% | +139.96% | Holders → |
| TRADEWEB MKTS | TW | +1.09% | +38.42% | History → |
| FAIR ISAAC CORP | FICO | +-0.39% | +25.95% | History → |
| VISA INC | V | +1.24% | +22.59% | History → |
| MICROSOFT CORP | MSFT | +0.27% | +19.14% | History → |
| ALPHABET INC | GOOGL | +1.43% | +8.01% | History → |
| APPLOVIN CORP | APP | +-9.02% | +5.32% | History → |
| AMAZON COM INC | AMZN | +0.53% | +4.29% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| SEA LTD., CLASS A, ADR | SE | -2.78% | -59.15% | Holders → |
| HOWMET AEROSPACE INC | HWM | 5.58% | -3.44% | History → |
| HILTON WORLDWIDE HOLDINGS INC | HLT | 0.39% | -2.18% | Holders → |
| INTERCONTINENTAL EXCHANGE IN | ICE | 0.29% | -2.16% | History → |
| NET POWER INC | NPWR/WS | -0.00% | -2.15% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| SPOTIFY TECHNOLOGY S A | SPOT | 1.35% |
| COSTAR GROUP INC | CSGP | 1.03% |
| RYAN SPECIALTY HOLDINGS | RYAN | 0.84% |
| RB GLOBAL INC | RBA | 0.76% |
| STRYKER CORPORATION | SYK | 0.73% |
| DOLLAR TREE INC | DLTR | 0.63% |
| BRUNSWICK CORP | BC | 0.18% |
Methodology & FAQ
How KENSICO CAPITAL MANAGEMENT CORP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for KENSICO CAPITAL MANAGEMENT CORP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did KENSICO CAPITAL MANAGEMENT CORP initiate in Q1 2026?
KENSICO CAPITAL MANAGEMENT CORP established 5 new positions in Q1 2026: UBER TECHNOLOGIES INC (UBER, 1.88%), BOOKING HOLDINGS INC (BKNG, 1.68%), CORE SCIENTIFIC INC NEW (CORZ, 0.72%), MORNINGSTAR INC (MORN, 0.47%), INTEL CORP (INTC, 0.44%).
Which existing positions saw the largest allocation increases for KENSICO CAPITAL MANAGEMENT CORP in Q1 2026?
The largest portfolio-weight increases in existing positions were: S&P GLOBAL INC (SPGI, +0.57% weight, +139.96% shares), TRADEWEB MKTS (TW, +1.09% weight, +38.42% shares), FAIR ISAAC CORP (FICO, +-0.39% weight, +25.95% shares), VISA INC (V, +1.24% weight, +22.59% shares), MICROSOFT CORP (MSFT, +0.27% weight, +19.14% shares), ALPHABET INC (GOOGL, +1.43% weight, +8.01% shares), APPLOVIN CORP (APP, +-9.02% weight, +5.32% shares), AMAZON COM INC (AMZN, +0.53% weight, +4.29% shares).
Which positions did KENSICO CAPITAL MANAGEMENT CORP fully exit in Q1 2026?
KENSICO CAPITAL MANAGEMENT CORP fully exited 7 positions in Q1 2026: SPOTIFY TECHNOLOGY S A (SPOT, last-reported weight 1.35%), COSTAR GROUP INC (CSGP, last-reported weight 1.03%), RYAN SPECIALTY HOLDINGS (RYAN, last-reported weight 0.84%), RB GLOBAL INC (RBA, last-reported weight 0.76%), STRYKER CORPORATION (SYK, last-reported weight 0.73%), DOLLAR TREE INC (DLTR, last-reported weight 0.63%), BRUNSWICK CORP (BC, last-reported weight 0.18%).
Which existing positions saw the largest allocation reductions for KENSICO CAPITAL MANAGEMENT CORP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: SEA LTD., CLASS A, ADR (SE, -2.78% weight, -59.15% shares), HOWMET AEROSPACE INC (HWM, 5.58% weight, -3.44% shares), HILTON WORLDWIDE HOLDINGS INC (HLT, 0.39% weight, -2.18% shares), INTERCONTINENTAL EXCHANGE IN (ICE, 0.29% weight, -2.16% shares), NET POWER INC (NPWR/WS, -0.00% weight, -2.15% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.