P2 Capital Partners, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
P2 Capital Partners, LLC disclosed 12 US equity positions worth $486.7m in its Q3 2025 13F filing. The largest position was CBZ at 18.7% of the reported book, followed by JBTM and ACHC. Against the Q2 2025 filing, it opened 0 new positions, added to 2 and reduced 9 among the top 12 holdings.
What did P2 Capital Partners, LLC own in Q3 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CBZ CBIZ INC | Industrials | 18.7% | $90.9m | 1,716,325 | -5% | reduced |
| 2 | JBTM JBT MAREL CORPORATION | Industrials | 13.0% | $63.2m | 449,952 | -17% | reduced |
| 3 | ACHC ACADIA HEALTHCARE COMPANY IN | Healthcare | 11.9% | $57.9m | 2,337,188 | 9% | added |
| 4 | IAS INTEGRAL AD SCIENCE HLDNG CO | 10.1% | $49.1m | 4,830,805 | -2% | reduced | |
| 5 | BLKB BLACKBAUD INC | Technology | 8.3% | $40.5m | 630,303 | 28% | added |
| 6 | TNC TENNANT CO | Industrials | 8.1% | $39.3m | 484,950 | -4% | reduced |
| 7 | ZETA ZETA GLOBAL HOLDINGS CORP | Technology | 6.9% | $33.8m | 1,700,000 | 0% | held |
| 8 | LIVN LIVANOVA PLC | Healthcare | 5.3% | $25.9m | 493,902 | -4% | reduced |
| 9 | HSIC HENRY SCHEIN INC | Healthcare | 4.9% | $24.0m | 361,786 | -4% | reduced |
| 10 | MSA MSA SAFETY INC | Industrials | 4.8% | $23.5m | 136,343 | -4% | reduced |
| 11 | AVNT AVIENT CORPORATION | Basic Materials | 4.2% | $20.6m | 624,934 | -4% | reduced |
| 12 | ENOV ENOVIS CORPORATION | Healthcare | 3.7% | $18.1m | 595,000 | -4% | reduced |
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.