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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
Cap. Flow
-$1.82B
Cap. Flow %
-24.78%
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
TDS icon
Telephone and Data Systems
TDS
+$54.3M
5
CVNA icon
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
AZEK
201
DELISTED
The AZEK Co
AZEK
– –
-6,081,734
Closed -$331M
BIRK icon
202
Birkenstock
BIRK
$7.07B
– –
-300,000
Closed -$14.8M
BPMC
203
DELISTED
Blueprint Medicines
BPMC
– –
-1,035,100
Closed -$133M
BWXT icon
204
BWX Technologies
BWXT
$15.6B
– –
-139,836
Closed -$20.1M
CHWY icon
205
Chewy
CHWY
$9.63B
– –
-585,000
Closed -$24.9M
CMG icon
206
CALL
Chipotle Mexican Grill
CMG
$41.5B
– –
-350,000
Closed -$19.7M
DASH icon
207
DoorDash
DASH
$93.7B
– –
-25,000
Closed -$6.16M
GMS
208
DELISTED
GMS Inc
GMS
– –
-150,000
Closed -$16.3M
HES
209
DELISTED
Hess
HES
– –
-2,642,628
Closed -$366M
HPE icon
210
Hewlett Packard
HPE
$70.5B
– –
-328,321
Closed -$6.71M
IPG
211
DELISTED
Interpublic Group of Companies
IPG
– –
-7,935,399
Closed -$194M
JCI icon
212
Johnson Controls International
JCI
$92.2B
– –
-120,000
Closed -$12.7M
JNPR
213
CALL
DELISTED
Juniper Networks
JNPR
– –
-2,500,000
Closed -$99.8M
JNPR
214
DELISTED
Juniper Networks
JNPR
– –
-2,654,926
Closed -$106M
KEX icon
215
Kirby Corp
KEX
$6.93B
– –
-165,000
Closed -$18.7M
KTOS icon
216
Kratos Defense & Security Solutions
KTOS
$11.4B
– –
-450,000
Closed -$20.9M
KVUE icon
217
Kenvue
KVUE
$36.9B
– –
-1,187,447
Closed -$24.9M
LRCX icon
218
Lam Research
LRCX
$390B
– –
-200,000
Closed -$19.5M
MNSO icon
219
MINISO
MNSO
$3.75B
– –
-110,576
Closed -$2.01M
MPWR icon
220
Monolithic Power Systems
MPWR
$68.9B
– –
-20,000
Closed -$14.6M
MU icon
221
Micron Technology
MU
$991B
– –
-236,910
Closed -$29.2M
NSC icon
222
Norfolk Southern
NSC
$75.1B
– –
-85,000
Closed -$21.8M
ONON icon
223
On Holding
ONON
$12.5B
– –
-310,000
Closed -$16.1M
P
224
Everpure Inc
P
$29.9B
– –
-200,000
Closed -$11.5M
QBTS icon
225
D-Wave Quantum Inc. Common Stock
QBTS
$7.73B
– –
-250,000
Closed -$3.66M
6 7 8
9
10

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GLF
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FPP
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YAM
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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.