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DKCM
Davidson Kempner Capital Management Portfolio holdings
AUM
$7.33B
1-Year Est. Return
56.47%
This Fund
S&P 500
This Quarter
Est. Return
+25.95%
1 Year Est. Return
+56.47%
3 Year Est. Return
+139.87%
5 Year Est. Return
+217.47%
10 Year Est. Return
+1,125.15%
AUM
$7.33B
AUM Growth
+$375M
(+5.4%)
Cap. Flow
-$1.82B
Cap. Flow
% of AUM
-24.78%
Top 10 Holdings %
Top 10 Hldgs %
37.46%
Holding
285
New
91
Increased
23
Reduced
26
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$447M |
| 2 |
VRNA
Verona Pharma
VRNA
|
+$342M |
| 3 |
MRUS
Merus
MRUS
|
+$80.4M |
| 4 |
Telephone and Data Systems
TDS
|
+$54.3M |
| 5 |
Carvana
CVNA
|
+$54.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$366M |
| 2 |
AZEK
The AZEK Co
AZEK
|
+$331M |
| 3 |
IPG
Interpublic Group of Companies
IPG
|
+$194M |
| 4 |
BPMC
Blueprint Medicines
BPMC
|
+$133M |
| 5 |
ANSS
Ansys
ANSS
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.93% |
| 2 | Consumer Discretionary | 9.5% |
| 3 | Communication Services | 9.1% |
| 4 | Industrials | 7.93% |
| 5 | Consumer Staples | 7.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Five Below
FIVE
$13.5B
| $13.9M | 0.19% |
+90,000
| New | +$12.7M |
|
77
Ollie's Bargain Outlet
OLLI
$4.94B
| $13.5M | 0.18% |
105,000
-10,000
| -9% | -$1.33M |
|
78
Coherent
COHR
$74.2B
| $13.5M | 0.18% |
+125,000
| New | +$12.5M |
|
79
GXO Logistics
GXO
$5.55B
| $12.7M | 0.17% |
+240,000
| New | +$12.3M |
|
80
Hims & Hers Health
HIMS
$7.31B
| $12.1M | 0.17% |
+214,100
| New | +$11M |
|
81
Atlassian
TEAM
$37.8B
| $12M | 0.16% |
75,000
| – | – |
|
|
NTSK
82
Netskope Inc
NTSK
$6.01B
| $11.8M | 0.16% |
+520,863
| New | +$12.4M |
|
83
HubSpot
HUBS
$10.5B
| $11.7M | 0.16% |
+25,000
| New | +$12.6M |
|
84
Guidewire Software
GWRE
$14.2B
| $11.5M | 0.16% |
+50,000
| New | +$11.4M |
|
|
B
85
Barrick Mining
B
$73.2B
| $11.5M | 0.16% |
+350,000
| New | +$8.87M |
|
|
SNDK
86
Sandisk
SNDK
$177B
| $11.2M | 0.15% |
+100,000
| New | +$5.84M |
|
87
Starbucks
SBUX
$120B
| $10.6M | 0.14% |
+125,000
| New | +$11.2M |
|
88
SharkNinja
SN
$26.1B
| $10.3M | 0.14% |
+100,000
| New | +$11.4M |
|
|
PCAP
89
ProCap Acquisition Corp
PCAP
$327M
| $10.2M | 0.14% |
+993,432
| New | +$10.2M |
|
|
DMIIU
90
Drugs Made In America Acquisition II Corp Unit
DMIIU
| $9.95M | 0.14% |
+1,000,000
| New | +$9.97M |
|
91
Capri Holdings
CPRI
$1.74B
| $8.91M | 0.12% |
447,213
-948,119
| -68% | -$19M |
|
92
WIX.com
WIX
$2.52B
| $8.88M | 0.12% |
+50,000
| New | +$7.52M |
|
|
K
93
CALL
DELISTED
Kellanova
K
| $8.56M | 0.12% |
+104,400
| New | +$8.3M |
|
|
CRWV
94
CoreWeave
CRWV
$49.5B
| $8.21M | 0.11% |
+60,000
| New | +$7.1M |
|
95
Ralph Lauren
RL
$23.6B
| $7.84M | 0.11% |
+25,000
| New | +$7.45M |
|
96
Take-Two Interactive
TTWO
$46.1B
| $7.75M | 0.11% |
30,000
| – | – |
|
|
CEPF
97
Cantor Equity Partners IV
CEPF
| $7.64M | 0.1% |
+750,000
| New | +$7.61M |
|
98
Constellation Energy
CEG
$95.6B
| $7.57M | 0.1% |
+23,000
| New | +$7.42M |
|
|
GAP
99
The Gap Inc
GAP
$7.37B
| $7.49M | 0.1% |
+350,000
| New | +$7.57M |
|
100
AeroVironment
AVAV
$9.45B
| $7.09M | 0.1% |
+22,500
| New | +$5.82M |
|
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Davidson Kempner Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Davidson Kempner Capital Management held 285 positions worth $7.33B, up 5.4% from $6.96B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Davidson Kempner Capital Management withdrew a net $1.82B in Q3 2025, closing 51 positions and reducing 26 holdings. Its most notable exit was Hess, an estimated $366M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 10% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Davidson Kempner Capital Management opened a new position in Verona Pharma worth $349M.
- Davidson Kempner Capital Management's largest Q3 2025 buy was Verona Pharma: 3,271,623 shares worth $349M.
- Davidson Kempner Capital Management added most to CyberArk in Q3 2025, an estimated $447M increase.
- Davidson Kempner Capital Management's biggest Q3 2025 reduction was Frontier Communications, cutting an estimated $104M.
- Davidson Kempner Capital Management fully exited Hess in Q3 2025, selling an estimated $366M.
- Davidson Kempner Capital Management's ten largest holdings make up 37% of its $7.33B portfolio in Q3 2025.
- Davidson Kempner Capital Management opened 91 new positions and closed 51 in Q3 2025.
- Davidson Kempner Capital Management's portfolio value rose 5.4% quarter-over-quarter to $7.33B.
Based on Davidson Kempner Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.