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 Com Cl A | 5.6% | -0.3% | $324.8M |
| AMZNAmazon Com Inc Com | 4.0% | -8.8% | $233.1M |
| MSFTMicrosoft Corp | 2.6% | +0.0% | $150.5M |
| PGRProgressive Corp. | 1.9% | +0.0% | $108.9M |
| HLTHilton Worldwide Holdings Inc | 1.8% | +0.0% | $106.6M |
| ICEIntercontinental Exchange in | 1.8% | +19.7% | $105.6M |
| BKNGBooking Holdings Inc Com | 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 Com | 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 Holdings 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 Corp Com1.3% of 13F
- TOST Toast Inc0.8% of 13F
- ICLR Icon PLC0.6% of 13F
- IQV Iqvia Holdings Inc0.5% of 13F
- VSEC Vse Corp0.5% of 13F
- DPC Dpc Holdings PLC0.0% of 13F
Added to
- BKNG Booking Holdings Inc Com+2847.3% shares
- MORN Morningstar Inc+110.4% shares
- ICE Intercontinental Exchange in+19.7% shares
- INTC Intel Corp+16.1% shares
Reduced
- SE Sea Ltd-46.8% shares
- AMZN Amazon Com Inc Com-8.8% shares
- SPGI S&P Global Inc.-5.1% shares
Sold out
- UBER Uber Technologies Incwas 1.9%
- CORZ Core Scientific Inc New Comwas 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 and rebuilt each quarter on the day the filing became public. 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 Com Cl A (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 Com (MCK), a new position in Toast Inc (TOST), a new position in Icon PLC (ICLR), a new position in Iqvia Holdings Inc (IQV), Booking Holdings Inc Com (BKNG) (+2847.3% shares), Morningstar Inc (MORN) (+110.4% shares) and Intercontinental Exchange in (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 Com (CORZ), Sea Ltd (SE) (-46.8% shares), Amazon Com Inc Com (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.