Madison Avenue Partners, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Madison Avenue Partners, LP disclosed 23 US equity positions worth $2.3bn in its Q4 2025 13F filing. The largest position was SNDK at 14.6% of the reported book, followed by GHC and GMED. Against the Q3 2025 filing, it opened 9 new positions, added to 3 and reduced 5 among the top 23 holdings.
What did Madison Avenue Partners, LP own in Q4 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SNDK SANDISK CORP | Technology | 14.6% | $340.4m | 1,434,172 | -30% | reduced |
| 2 | GHC GRAHAM HLDGS CO | Industrials | 11.6% | $270.1m | 245,829 | 0% | held |
| 3 | GMED GLOBUS MED INC | Healthcare | 9.8% | $229.2m | 2,624,751 | 3% | added |
| 4 | INDV INDIVIOR PLC | 9.7% | $225.3m | 6,280,502 | – | new | |
| 5 | MKL MARKEL GROUP INC | Financial Services | 8.1% | $188.9m | 87,889 | 4% | added |
| 6 | TBPH THERAVANCE BIOPHARMA INC | Healthcare | 7.6% | $178.0m | 9,511,150 | 0% | held |
| 7 | SOLV SOLVENTUM CORP | Healthcare | 6.8% | $157.5m | 1,988,058 | -0% | held |
| 8 | SOLS SOLSTICE ADVANCED MATLS INC | Basic Materials | 5.8% | $135.2m | 2,782,460 | – | new |
| 9 | MOH MOLINA HEALTHCARE INC | Healthcare | 4.7% | $110.0m | 633,877 | – | new |
| 10 | MAGNUM ICE CREAM CO NV | 4.4% | $101.9m | 6,429,296 | – | new | |
| 11 | LKFT GALAPAGOS NV | Healthcare | 3.1% | $72.4m | 2,213,169 | 1% | added |
| 12 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 3.0% | $69.3m | 1,223,767 | 0% | held |
| 13 | UNF UNIFIRST CORP MASS | Industrials | 2.5% | $58.6m | 303,844 | – | new |
| 14 | STGW STAGWELL INC | 1.7% | $39.2m | 8,014,322 | 0% | held | |
| 15 | WLY WILEY JOHN & SONS INC | Communication Services | 1.5% | $35.1m | 1,147,258 | -2% | reduced |
| 16 | MAGN MAGNERA CORP | 1.2% | $27.0m | 1,780,649 | -37% | reduced | |
| 17 | TPB TURNING PT BRANDS INC | Consumer Defensive | 1.2% | $26.9m | 247,723 | – | new |
| 18 | CBC CENTRAL BANCOMPANY | 1.0% | $24.0m | 993,879 | – | new | |
| 19 | KROS KEROS THERAPEUTICS INC | Healthcare | 0.7% | $16.8m | 823,707 | -70% | reduced |
| 20 | SBGI SINCLAIR INC | Communication Services | 0.6% | $13.9m | 909,653 | – | new |
| 21 | WK WORKIVA INC | Technology | 0.2% | $5.2m | 59,946 | – | new |
| 22 | FSP FRANKLIN STR PPTYS CORP | Real Estate | 0.1% | $2.1m | 2,253,389 | -13% | reduced |
| 23 | SN SHARKNINJA INC | Consumer Cyclical | 0.0% | $688.4k | 6,152 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.