Kensico Capital Management (Michael Lowenstein) latest 13F portfolio: 20 holdings worth $4.9B as of Q1 2026.
Backtested since 2020: mirroring Kensico Capital Management's reported 13F equity holdings each quarter would have returned +210.4% versus +185.9%for the S&P 500 (+20.0% annualized). See the Performance tab for the full equity curve.
Investor: Michael Lowenstein
Number of Assets: 20
Reporting Period: Q1 - 2026
Holdings at Report: $4,897,414,571
Return $ Since Report: +$339,185,149
Return % Since Report: +6.93%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Uber Technologies Inc. (UBER) | Equity | +100% | 1,276,800 | 1.88% | $71.93 | $75.02 | $91,840,224 | $95,785,536 | +$3,945,312 | +4.30% |
| Amazon.com Inc. (AMZN) | Equity | +4.29% | 1,072,100 | 4.56% | $208.27 | $274.48 | $223,286,267 | $294,270,008 | +$70,983,741 | +31.79% |
| Alphabet Inc. (GOOGL) | Equity | +8.01% | 1,509,500 | 8.86% | $287.56 | $354.30 | $434,071,820 | $534,815,850 | +$100,744,030 | +23.21% |
| S&P Global Inc. (SPGI) | Equity | +139.96% | 113,500 | 0.99% | $425.34 | $408.19 | $48,276,090 | $46,329,565 | -$1,946,525 | -4.03% |
| Sea Limited (SE) | Equity | -59.15% | 768,100 | 1.30% | $82.81 | $113.43 | $63,606,361 | $87,125,583 | +$23,519,222 | +36.98% |
| Tradeweb Markets Inc. (TW) | Equity | +38.42% | 1,007,800 | 2.42% | $117.66 | $102.62 | $118,577,748 | $103,420,436 | -$15,157,312 | -12.78% |
| Applovin Corp. (APP) | Equity | +5.32% | 3,284,250 | 26.69% | $398.00 | $346.80 | $1,307,131,500 | $1,138,977,900 | -$168,153,600 | -12.86% |
| Booking Holdings Inc. (BKNG) | Equity | +100% | 19,560 | 1.68% | $4,210.32 | $214.42 | $82,353,859 | $4,194,055 | -$78,159,804 | -94.91% |
| Cheniere Energy Inc. (LNG) | Equity | 0% | 424,900 | 2.46% | $283.76 | $256.14 | $120,569,624 | $108,833,886 | -$11,735,738 | -9.73% |
| Core Scientific Inc. (CORZ) | Equity | +100% | 2,348,200 | 0.72% | $14.96 | $21.01 | $35,129,072 | $49,335,682 | +$14,206,610 | +40.44% |
| Fair Isaac Corp. (FICO) | Equity | +25.95% | 385,000 | 8.39% | $1,067.54 | $1,041.40 | $411,002,900 | $400,939,000 | -$10,063,900 | -2.45% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -2.18% | 322,500 | 2.00% | $304.08 | $317.60 | $98,065,800 | $102,426,000 | +$4,360,200 | +4.45% |
| Howmet Aerospace Inc. (HWM) | Equity | -3.44% | 5,083,600 | 23.92% | $230.46 | $281.88 | $1,171,566,456 | $1,432,965,168 | +$261,398,712 | +22.31% |
| Intel Corp. (INTC) | Equity | +100% | 485,000 | 0.44% | $44.13 | $101.65 | $21,403,050 | $49,300,250 | +$27,897,200 | +130.34% |
| Intercontinental Exchange Inc. (ICE) | Equity | -2.16% | 716,600 | 2.30% | $157.28 | $150.30 | $112,706,848 | $107,704,980 | -$5,001,868 | -4.44% |
| Microsoft Corp. (MSFT) | Equity | +19.14% | 403,400 | 3.05% | $370.17 | $499.99 | $149,326,578 | $201,695,966 | +$52,369,388 | +35.07% |
| Morningstar Inc. (MORN) | Equity | +100% | 135,000 | 0.47% | $169.05 | $200.66 | $22,821,750 | $27,089,100 | +$4,267,350 | +18.70% |
| The Progressive Corp. (PGR) | Equity | 0% | 498,500 | 2.02% | $198.24 | $215.33 | $98,822,640 | $107,342,005 | +$8,519,365 | +8.62% |
| Visa Inc. (V) | Equity | +22.59% | 949,100 | 5.86% | $302.24 | $362.50 | $286,855,984 | $344,048,750 | +$57,192,766 | +19.94% |
| Net Power Inc. (NPWR-WS) | Bond | -2.15% | 455,200 | N/A | $0.27 | N/A | $122,904 | N/A | N/A | N/A |