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SurgoCap Partners LP

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13F filer, CIK 1960830, NEW YORK, NY

SurgoCap Partners LP reported $3,597,156,550 across 16 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 80.39% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-25-006748

Period
2025-09-30
Reported value
$3.6B
Holdings
16
Top 10 weight
80.39%
New
6
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TSMnew+1,290,570$360M
AVGOnew+701,560$231M
GOOGnew+880,411$214M
MCKadded+184,106$142M
FIGnew+2,317,515$120M

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
INTUexited-267,785-$211M
JCIexited-1,091,966-$115M
HLTreduced-331,999-$86.1M
BXreduced-150,500-$25.7M

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 0000919574-25-006748, largest first. % of portfolio is the value over $3,523,718,550, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly 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: 1,290,570 shares 1,290,570$360M10.23%newTimeline
MCKMCKESSON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 608,317 shares; 2024Q4: 508,881 shares; 2025Q1: 294,137 shares; 2025Q2: 268,155 shares; 2025Q3: 452,261 shares 452,261$349M9.92%+184,106Timeline
BSXBOSTON SCIENTIFIC 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: 2,649,969 shares; 2025Q2: 2,724,969 shares; 2025Q3: 3,424,947 shares 3,424,947$334M9.49%+699,978Timeline
LPLALPL FINL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 780,721 shares; 2024Q4: 709,270 shares; 2025Q1: 906,442 shares; 2025Q2: 881,405 shares; 2025Q3: 994,278 shares 994,278$331M9.39%+112,873Timeline
CRSCARPENTER TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 662,712 shares; 2024Q4: 1,442,069 shares; 2025Q1: 1,612,000 shares; 2025Q2: 925,999 shares; 2025Q3: 1,198,895 shares 1,198,895$294M8.35%+272,896Timeline
BXBLACKSTONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800,544 shares; 2024Q4: 961,828 shares; 2025Q1: 1,353,240 shares; 2025Q2: 1,733,315 shares; 2025Q3: 1,582,815 shares 1,582,815$270M7.67%-150,500Timeline
AVGOBROADCOM 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: 701,560 shares 701,560$231M6.57%newTimeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,004,177 shares; 2024Q4: 7,151,552 shares; 2025Q1: 5,701,787 shares; 2025Q2: 12,215,600 shares; 2025Q3: 14,005,429 shares 14,005,429$224M6.36%+1,789,829Timeline
NFLXNETFLIX INC.Quarterly 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: 169,777 shares; 2025Q2: 167,836 shares; 2025Q3: 185,890 shares 185,890$223M6.32%+18,054Timeline
GOOGALPHABET 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: 880,411 shares 880,411$214M6.09%newTimeline
GWREGUIDEWIRE SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 687,286 shares; 2024Q4: 810,942 shares; 2025Q1: 677,459 shares; 2025Q2: 703,535 shares; 2025Q3: 750,174 shares 750,174$172M4.89%+46,639Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 303,844 shares; 2024Q4: 273,047 shares; 2025Q1: 210,047 shares; 2025Q2: 196,778 shares; 2025Q3: 210,584 shares 210,584$155M4.39%+13,806Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 443,000 shares; 2025Q1: 481,651 shares; 2025Q2: 916,671 shares; 2025Q3: 584,672 shares 584,672$152M4.3%-331,999Timeline
FIGFIGMA 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: 2,317,515 shares 2,317,515$120M3.41%newTimeline
NIQNIQ GLOBAL INTELLIGENCE 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: 5,858,000 shares 5,858,000$92M2.61%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
METAMETA PLATFORMS INC COMcall100,000$73.4Mnew

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
INTUINTUIT267,785$211Mshares
JCIJOHNSON CONTROLS INTERNATION1,091,966$115Mshares
HLTHILTON WORLDWIDE HLDGS INC150,000$40Mcall

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 0000919574-25-006748 base2025-11-13acceptance time not in the bulk data set