Skip to content
Disclosery

Carlyle Group Inc.

Follow

13F filer, CIK 1527166, WASHINGTON, DC

Carlyle Group Inc. reported $4,337,675,517 across 17 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-07. Its ten largest share positions make up 99.8% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000898432-25-000873

Period
2025-09-30
Reported value
$4.34B
Holdings
17
Top 10 weight
99.8%
New
2
Sold out
5

Part of the filer group Carlyle Group Inc.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPRBnew+2,896,518$24.8M
NCNAnew+133,333$619K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SLNOexited-860,980-$72.1M
EMexited-3,807,399-$4.34M
HILLEVAX INCexited-1,838,486-$3.59M
SPWRreduced-328,497-$578K
HOODexited-2,497-$234K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0000898432-25-000873, largest first. % of portfolio is the value over $4,337,675,517, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SAROSTANDARDAERO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,675,862 shares; 2025Q1: 134,352,830 shares; 2025Q2: 152,673,891 shares; 2025Q3: 152,673,891 shares 152,673,891$4.17B96.05%0Timeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,362,447 shares; 2025Q1: 2,362,447 shares; 2025Q2: 2,362,447 shares; 2025Q3: 2,362,447 shares 2,362,447$53.1M1.22%0Timeline
PHATPHATHOM PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,496,808 shares; 2024Q4: 3,496,808 shares; 2025Q1: 3,496,808 shares; 2025Q2: 3,496,808 shares; 2025Q3: 3,496,808 shares 3,496,808$41.1M0.95%0Timeline
SPRBSPRUCE BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,896,518 shares 2,896,518$24.8M0.57%newTimeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 477,500 shares; 2024Q4: 477,500 shares; 2025Q1: 477,500 shares; 2025Q2: 477,500 shares; 2025Q3: 477,500 shares 477,500$14M0.32%0Timeline
GETYGETTY IMAGES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,212,799 shares; 2024Q4: 8,684,599 shares; 2025Q1: 6,234,252 shares; 2025Q2: 6,234,252 shares; 2025Q3: 6,234,252 shares 6,234,252$12.3M0.28%0Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 220,500 shares; 2024Q4: 220,500 shares; 2025Q1: 220,500 shares; 2025Q2: 220,500 shares; 2025Q3: 220,500 shares 220,500$8.97M0.21%0Timeline
FWRDFORWARD AIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 107,214 shares; 2025Q3: 107,214 shares 107,214$3.14M0.07%0Timeline
JSPRJASPER THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,066,189 shares; 2024Q4: 1,066,189 shares; 2025Q1: 1,066,189 shares; 2025Q2: 1,066,189 shares; 2025Q3: 1,066,189 shares 1,066,189$2.53M0.06%0Timeline
ADICET BIO INCADICET BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,948,718 shares; 2024Q4: 2,948,718 shares; 2025Q1: 2,948,718 shares; 2025Q2: 2,948,718 shares; 2025Q3: 2,948,718 shares 2,948,718$2.39M0.06%0
SPWRSUNPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,901,340 shares; 2024Q4: 1,984,619 shares; 2025Q1: 1,984,508 shares; 2025Q2: 1,587,467 shares; 2025Q3: 1,258,970 shares 1,258,970$2.22M0.05%-328,497Timeline
QTTBQ32 BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,102,741 shares; 2024Q4: 1,102,741 shares; 2025Q1: 1,102,741 shares; 2025Q2: 1,102,741 shares; 2025Q3: 1,102,741 shares 1,102,741$2.13M0.05%0Timeline
DNUTKRISPY KREME INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 340,748 shares; 2024Q4: 340,748 shares; 2025Q1: 340,748 shares; 2025Q2: 340,748 shares; 2025Q3: 340,748 shares 340,748$1.32M0.03%0Timeline
XCUREXICURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,328 shares; 2024Q4: 281,636 shares; 2025Q1: 281,636 shares; 2025Q2: 281,636 shares; 2025Q3: 281,636 shares 281,636$1.13M0.03%0Timeline
OKURONKURE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 269,895 shares; 2025Q1: 269,895 shares; 2025Q2: 269,895 shares; 2025Q3: 269,895 shares 269,895$742K0.02%0Timeline
NABLN-ABLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,732 shares; 2024Q4: 93,732 shares; 2025Q1: 93,732 shares; 2025Q2: 93,732 shares; 2025Q3: 93,732 shares 93,732$731K0.02%0Timeline
NCNANUCANA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 133,333 shares 133,333$619K0.01%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SLNOSOLENO THERAPEUTICS INC860,980$72.1Mshares
EMSMART SH GLOBAL LTD3,807,399$4.34Mshares
HILLEVAX INCHILLEVAX INC1,838,486$3.59Mshares
HOODROBINHOOD MKTS INC2,497$234Kshares
NuCana PLCNuCana PLC133,333$7.64Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000898432-25-000873 base2025-11-07acceptance time not in the bulk data set