Davidson Kempner Capital Management Portfolio
Davidson Kempner Capital Management 13F filer (CIK 0001595082).
Q3 2025 · 211 positions · Total reported value $4.93B · Top-10 concentration 35.7%
Turnover: 57.6% · 72 new · 22 cut · 69 exited
Active Share (vs S&P 500): 91.7% · vs QQQ: 92.5% — share of the book that differs from index weights (higher = more active) · ranking
In its Q3 2025 13F filing, Davidson Kempner Capital Management disclosed 211 equity positions with a combined reported value of $4.93B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 35.7% of reported value. HoldingsHub classifies the profile as Mid / High Turnover.
The largest disclosed positions as of Q3 2025 were QQQ ($390.24M), VRNA ($349.11M), PDD ($188.29M). By sector, the heaviest allocations are Consumer Discretionary 29.8%, Technology 19.3%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+3.3pp), Communication Services (+1.9pp) and away from Health Care (-1.7pp), Other (-6.3pp).
Versus the prior quarter, Davidson Kempner Capital Management opened 72 new positions, trimmed 22 and fully exited 69, a turnover rate of 57.6% of positions. The portfolio's overlap with the prior quarter was 48% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | QQQ | INVESCO QQQ TR | 650.00K | $390.24M | 7.91% | Add |
| 2 | VRNA | VERONA PHARMA PLC | 3.27M | $349.11M | 7.08% | New |
| 3 | PDD | PDD HOLDINGS INC | 190.00M | $188.29M | 3.82% | Add |
| 4 | META | META PLATFORMS INC. CLASS A | 216.34K | $158.88M | 3.22% | Reduce |
| 5 | IWM | ISHARES TR | 650.00K | $157.27M | 3.19% | Reduce |
| 6 | JD | JD.COM INC | 100.00M | $107.20M | 2.17% | Reduce |
| 7 | AMZN | AMAZON COM INC | 485.00K | $106.49M | 2.16% | Add |
| 8 | ARKO | ARKO CORP | 23.14M | $105.75M | 2.14% | Hold |
| 9 | RIVN | RIVIAN AUTOMOTIVE INC | 100.00M | $104.17M | 2.11% | Reduce |
| 10 | NVDA | NVIDIA CORPORATION | 513.20K | $95.75M | 1.94% | Hold |
| 11 | SNOW | SNOWFLAKE INC | 55.00M | $83.49M | 1.69% | Add |
| 12 | CNDT | CONDUENT INC | 88.36M | $83.14M | 1.69% | Add |
| 13 | TCOM | TRIP COM GROUP LTD | 60.00M | $76.47M | 1.55% | Add |
| 14 | T | AT&T INC | 2.69M | $76.10M | 1.54% | Add |
| 15 | LI | LI AUTO INC | 65.00M | $74.07M | 1.50% | Add |
| 16 | F | FORD MOTOR COMPANY | 65.00M | $65.88M | 1.34% | Add |
| 17 | BKNG | BOOKING HOLDINGS INC. | 11.66K | $62.97M | 1.28% | Reduce |
| 18 | CVNA | CARVANA CO | 151.75K | $57.25M | 1.16% | New |
| 19 | USFD | US FOODS HLDG CORP | 736.34K | $56.42M | 1.14% | Add |
| 20 | TDS | TELEPHONE & DATA SYS INC | 1.41M | $55.40M | 1.12% | New |
| 21 | MSFT | MICROSOFT CORP | 100.58K | $52.10M | 1.06% | Reduce |
| 22 | WB | WEIBO CORP | 40.00M | $51.60M | 1.05% | Hold |
| 23 | MCHP | MICROCHIP TECHNOLOGY INC. | 51.84M | $50.25M | 1.02% | Add |
| 24 | SHOP | SHOPIFY INC | 47.50M | $49.90M | 1.01% | New |
| 25 | NIO | NIO INC | 45.50M | $47.59M | 0.96% | Add |
| 26 | PLNT | PLANET FITNESS MASTER ISSUER | 435.00K | $45.15M | 0.92% | Add |
| 27 | HTHT | H WORLD GROUP LTD | 40.00M | $44.31M | 0.90% | Add |
| 28 | KBR | KBR INC. | 930.85K | $44.02M | 0.89% | Reduce |
| 29 | CELH | CELSIUS HLDGS INC | 750.00K | $43.12M | 0.87% | Reduce |
| 30 | ATI | ATI INC | 530.00K | $43.11M | 0.87% | Add |
| 31 | MNST | MONSTER BEVERAGE CORP NEW | 640.00K | $43.08M | 0.87% | Reduce |
| 32 | CCL | CARNIVAL CORPORATION | 1.45M | $41.92M | 0.85% | Add |
| 33 | TMUS | T-MOBILE US INC | 175.00K | $41.89M | 0.85% | Add |
| 34 | ETSY | ETSY INC | 37.50M | $40.88M | 0.83% | Add |
| 35 | RTX | RTX CORPORATION | 242.50K | $40.58M | 0.82% | Add |
| 36 | WNS | WNS HLDGS LTD | 525.65K | $40.09M | 0.81% | New |
| 37 | RPD | RAPID7 INC | 41.51M | $38.79M | 0.79% | Add |
| 38 | AOMR | ANGEL OAK MORTGAGE REIT INC | 4.13M | $38.74M | 0.79% | Reduce |
| 39 | UBER | UBER TECHNOLOGIES INC | 394.65K | $38.66M | 0.78% | Add |
| 40 | DKNG | DRAFTKINGS INC NEW | 1.02M | $38.21M | 0.78% | Hold |
| 41 | HSCS | EXACT SCIENCES CORP | 40.00M | $36.94M | 0.75% | Add |
| 42 | APP | APPLOVIN CORP | 50.00K | $35.93M | 0.73% | New |
| 43 | CSX | CSX CORP | 1.00M | $35.51M | 0.72% | New |
| 44 | HALO | HALOZYME THERAPEUTICS INC | 25.00M | $35.12M | 0.71% | Add |
| 45 | CNM | CORE & MAIN INC | 645.00K | $34.72M | 0.70% | Add |
| 46 | CHRW | C H ROBINSON WORLDWIDE INC | 260.00K | $34.42M | 0.70% | Reduce |
| 47 | BURL | BURLINGTON STORES INC | 25.00M | $33.66M | 0.68% | New |
| 48 | EMR | EMERSON ELEC CO | 240.00K | $31.48M | 0.64% | Reduce |
| 49 | SNAP | SNAP INC | 35.09M | $31.29M | 0.63% | Reduce |
| 50 | ELF | E L F BEAUTY INC | 230.00K | $30.47M | 0.62% | Add |