Kensico Capital Management Corp · Q2 2026 13F · SEC CIK 1113000
Michael Lowenstein portfolio
Hedge fundKensico Capital Management 13F holdings. Filed 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $5.8B
- Reported positions
- 25
- Top holdings a year, 3 yrs
- +23.9%
- Assets under management
- $7.9B
Michael Lowenstein is the co-founder of Kensico Capital Management, which reported 25 positions worth $5.8B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Applovin Corp (APP, 28.1%), Howmet Aerospace Inc (HWM, 23.4%), Alphabet Inc (GOOGL, 9.3%). A portfolio copying its top holdings returned 23.9% a year over the last 3 years, against 20.4% for the S&P 500.
Michael Lowenstein holdings all 25 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| APPApplovin Corp | 28.1% | -3.1% | $1.6B |
| HWMHowmet Aerospace Inc | 23.4% | +0.0% | $1.4B |
| GOOGLAlphabet Inc | 9.3% | +0.0% | $539.5M |
| FICOFair Isaac Corp | 7.7% | -3.0% | $446.3M |
| VVisa Inc | 5.6% | -0.3% | $324.8M |
| AMZNAmazon Com Inc | 4.0% | -8.8% | $233.1M |
| MSFTMicrosoft Corp | 2.6% | +0.0% | $150.5M |
| PGRProgressive Corp | 1.9% | +0.0% | $108.9M |
| HLTHilton Worldwide Hldgs Inc | 1.8% | +0.0% | $106.6M |
| ICEIntercontinental Exchange Inc | 1.8% | +19.7% | $105.6M |
| BKNGBooking Holdings Inc | 1.8% | +2847.3% | $102.8M |
| LNGCheniere Energy Inc | 1.7% | +0.0% | $101.6M |
| TWTradeweb Mkts Inc | 1.7% | -0.3% | $100.1M |
| TSMTaiwan Semiconductor Manufac | 1.5% | — | $85.7M |
| INTCIntel Corp | 1.3% | +16.1% | $78.6M |
| MCKMckesson Corp | 1.3% | — | $75.3M |
| TOSTToast Inc | 0.8% | — | $46.2M |
| MORNMorningstar Inc | 0.8% | +110.4% | $44.3M |
| SPGIS&p Global Inc | 0.8% | -5.1% | $43.9M |
| SESea Ltd | 0.7% | -46.8% | $39.2M |
| ICLRIcon Plc | 0.6% | — | $32.7M |
| IQVIqvia Hldgs Inc | 0.5% | — | $31.9M |
| VSECVse Corp | 0.5% | — | $27.3M |
| 64107A113Net Power Inc | 0.0% | -0.3% | $132K |
| DPCDpc Holdings PLC | 0.0% | — | $47K |
What Michael Lowenstein bought and sold in Q2 2026, against Q1 2026.
New positions
- TSM Taiwan Semiconductor Manufac1.5% of 13F
- MCK Mckesson Corp1.3% of 13F
- TOST Toast Inc0.8% of 13F
- ICLR Icon Plc0.6% of 13F
- IQV Iqvia Hldgs Inc0.5% of 13F
- VSEC Vse Corp0.5% of 13F
- DPC Dpc Holdings PLC0.0% of 13F
Added to
- BKNG Booking Holdings Inc+2847.3% shares
- MORN Morningstar Inc+110.4% shares
- ICE Intercontinental Exchange Inc+19.7% shares
- INTC Intel Corp+16.1% shares
Reduced
- SE Sea Ltd-46.8% shares
- AMZN Amazon Com Inc-8.8% shares
- SPGI S&p Global Inc-5.1% shares
Sold out
- UBER Uber Technologies Incwas 1.9%
- CORZ Core Scientific Inc Newwas 0.7%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -0.8% /yr
- S&P 500 +20.1%
- 3 years
- +23.9% /yr
- S&P 500 +20.4%
- 5 years
- +15.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $5.8B | 25 |
| Q1 2026 | $4.9B | 20 |
| Q4 2025 | $5.9B | 22 |
| Q3 2025 | $6.5B | 23 |
| Q2 2025 | $5.2B | 21 |
| Q1 2025 | $4.4B | 24 |
| Q4 2024 | $4.4B | 23 |
| Q3 2024 | $3.8B | 26 |
| Q2 2024 | $3.2B | 24 |
| Q1 2024 | $3.0B | 23 |
| Q4 2023 | $2.6B | 22 |
| Q3 2023 | $2.4B | 24 |
Questions about Michael Lowenstein's portfolio
Who is Michael Lowenstein?
Michael Lowenstein is the co-founder of Kensico Capital Management, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Kensico Capital Management Corp.
What stocks does Michael Lowenstein own?
Kensico Capital Management Corp's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 25 positions worth $5.8B. The largest are Applovin Corp (APP) at 28.1%, Howmet Aerospace Inc (HWM) at 23.4%, Alphabet Inc (GOOGL) at 9.3%, Fair Isaac Corp (FICO) at 7.7% and Visa Inc (V) at 5.6%.
What did Michael Lowenstein buy last quarter?
In Q2 2026, Kensico Capital Management Corp added a new position in Taiwan Semiconductor Manufac (TSM), a new position in Mckesson Corp (MCK), a new position in Toast Inc (TOST), a new position in Icon Plc (ICLR), a new position in Iqvia Hldgs Inc (IQV), Booking Holdings Inc (BKNG) (+2847.3% shares), Morningstar Inc (MORN) (+110.4% shares) and Intercontinental Exchange Inc (ICE) (+19.7% shares), compared with its Q1 2026 filing.
What did Michael Lowenstein sell last quarter?
In Q2 2026, Kensico Capital Management Corp sold all of Uber Technologies Inc (UBER), sold all of Core Scientific Inc New (CORZ), Sea Ltd (SE) (-46.8% shares), Amazon Com Inc (AMZN) (-8.8% shares) and S&p Global Inc (SPGI) (-5.1% shares), compared with its Q1 2026 filing.
How has Michael Lowenstein's portfolio performed?
A portfolio copying Kensico Capital Management Corp's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -0.8% against +20.1%. Over 5 years: +15.5% a year against +11.6%.
When is Kensico Capital Management Corp's next 13F filing due?
13F filings are due 45 days after each quarter ends. Kensico Capital Management Corp's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Kensico Capital Management Corp manage?
Kensico Capital Management Corp reported $7.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $5.8B.