Skip to content
Disclosery

P2 Capital Partners, LLC

Follow

13F filer, CIK 1406313, New York, NY

P2 Capital Partners, LLC reported $390,349,754 across 10 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000829

Period
2025-12-31
Reported value
$390M
Holdings
10
Top 10 weight
100%
New
0
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSAadded+49,332$7.9M
CBZadded+57,066$2.88M

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
ACHCexited-2,337,188-$57.9M
INTEGRAL AD SCIENCE HLDNG COexited-4,830,805-$49.1M

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, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000829, largest first. % of portfolio is the value over $390,349,754, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CBZCBIZ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,800,532 shares; 2024Q4: 1,808,955 shares; 2025Q1: 1,917,063 shares; 2025Q2: 1,806,308 shares; 2025Q3: 1,716,325 shares; 2025Q4: 1,773,391 shares 1,773,391$89.5M22.92%+57,066Timeline
JBTMJBT MAREL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800,168 shares; 2024Q4: 593,558 shares; 2025Q1: 593,558 shares; 2025Q2: 544,952 shares; 2025Q3: 449,952 shares; 2025Q4: 449,952 shares 449,952$67.8M17.37%0Timeline
BLKBBLACKBAUD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,320,251 shares; 2024Q4: 758,179 shares; 2025Q1: 446,259 shares; 2025Q2: 490,754 shares; 2025Q3: 630,303 shares; 2025Q4: 630,303 shares 630,303$39.9M10.22%0Timeline
TNCTENNANT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 727,391 shares; 2024Q4: 517,078 shares; 2025Q1: 517,078 shares; 2025Q2: 504,950 shares; 2025Q3: 484,950 shares; 2025Q4: 484,950 shares 484,950$35.7M9.16%0Timeline
ZETAZETA GLOBAL HOLDINGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 725,000 shares; 2025Q2: 1,700,000 shares; 2025Q3: 1,700,000 shares; 2025Q4: 1,700,000 shares 1,700,000$34.6M8.86%0Timeline
LIVNLIVANOVA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,050,000 shares; 2024Q4: 510,802 shares; 2025Q1: 552,902 shares; 2025Q2: 513,902 shares; 2025Q3: 493,902 shares; 2025Q4: 493,902 shares 493,902$30.4M7.79%0Timeline
MSAMSA SAFETY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 141,343 shares; 2025Q3: 136,343 shares; 2025Q4: 185,675 shares 185,675$29.7M7.62%+49,332Timeline
HSICSCHEIN HENRY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 583,316 shares; 2025Q1: 562,786 shares; 2025Q2: 376,786 shares; 2025Q3: 361,786 shares; 2025Q4: 361,786 shares 361,786$27.3M7%0Timeline
AVNTAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,044,835 shares; 2024Q4: 696,867 shares; 2025Q1: 696,867 shares; 2025Q2: 649,934 shares; 2025Q3: 624,934 shares; 2025Q4: 624,934 shares 624,934$19.5M5%0Timeline
ENOVENOVIS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 460,000 shares; 2024Q4: 330,000 shares; 2025Q1: 330,000 shares; 2025Q2: 617,149 shares; 2025Q3: 595,000 shares; 2025Q4: 595,000 shares 595,000$15.9M4.06%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
ACHCACADIA HEALTHCARE COMPANY IN2,337,188$57.9Mshares
INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO4,830,805$49.1Mshares
ZETAZETA GLOBAL HOLDINGS CORP1,700,000$33.8Mput

How Q4 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 0001172661-26-000829 base2026-02-17acceptance time not in the bulk data set