KENSICO CAPITAL MANAGEMENT CORP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 31 quarters, returned +0.8% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 35.5% of quarters (excess t = -1.69, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 20 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| APP | $1.3B | | ADD |
| HWM | $1.2B | | TRIM |
| GOOGL | $434M | | ADD |
| FICO | $411M | | ADD |
| V | $287M | | ADD |
| AMZN | $223M | | ADD |
| MSFT | $149M | | ADD |
| LNG | $121M | | HOLD |
| TW | $119M | | ADD |
| ICE | $113M | | TRIM |
| PGR | $99M | | HOLD |
| HLT | $98M | | TRIM |
| UBER | $92M | | NEW |
| BKNG | $82M | | NEW |
| SE | $64M | | TRIM |
| SPGI | $48M | | ADD |
| CORZ | $35M | | NEW |
| MORN | $23M | | NEW |
| INTC | $21M | | NEW |
| NPWR/WS | $122904 | | TRIM |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.