Sessa Capital IM, L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Sessa Capital IM, L.P. maintained a portfolio of 35 distinct positions. The most significant new addition to the portfolio was SOLSTICE ADVANCED MA, which now represents 6.78% of the total fund value. They heavily accumulated shares in HUMANA INC, increasing their position by 4.8%. Conversely, Sessa Capital IM, L.P. completely exited their position in ZEBRA TECHNOLOGIES C.
PCA Score Concentration Risk
Risk ENB
Total Positions
35
Quarter
2025 Q4
Top Holding
WBD (24.5%)
Top 10 Concentration
83.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 35
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
WBD
WARNER BROS DIS...
Communication Services 24.55% 23.40% #1
Prev: #1
6.5 -5,058,519 -10.0%
P
S
45,565,629 $1,313,201,428 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
Healthcare 11.10% 13.63% #2
Prev: #2
6.0 106,040 4.8%
P
S
2,318,907 $593,941,650 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ILMN
ILLUMINA INC
Healthcare 8.35% 10.53% #3
Prev: #3
4.3 -1,282,720 -27.4%
P
S
3,404,059 $446,476,378 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PCG
PG&E CORP
Utilities 7.38% 8.77% #4 1
Prev: #5
4.5 no change no change
P
S
24,578,101 $394,970,083 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 7.06% 9.11% #5 1
Prev: #4
3.8 -252,000 -13.9%
P
S
1,558,233 $377,653,350 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SOLS
SOLSTICE ADVANC...
Basic Materials 6.78% #6
Prev: #—
6.2 7,468,410 no change
NEW
7,468,410 $362,815,358 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHC
SOTERA HEALTH C...
Healthcare 6.78% 3.69% #7 1
Prev: #8
5.7 10,630,381 107.2%
P
S
20,550,000 $362,502,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APD
AIR PRODS & CHE...
Basic Materials 5.47% 5.76% #8 2
Prev: #6
4.7 293,870 33.0%
P
S
1,185,672 $292,884,697 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALLY
ALLY FINL INC
Financial Services 3.96% 4.34% #9 2
Prev: #7
2.6 no change no change
P
S
4,682,126 $212,053,487 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DUOL
DUOLINGO INC
PUT
PUT Option 2.18% 2.36% #10
Prev: #10
3.9 354,000 114.2%
P
S
664,000 $116,532,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TNDM
TANDEM DIABETES...
Healthcare 2.05% 1.44% #11 4
Prev: #15
1.8 no change no change
P
S
5,000,000 $109,900,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HUM
HUMANA INC
CALL
CALL Option 1.78% 3.21% #12 3
Prev: #9
0.7 -150,000 -28.8%
P
S
371,600 $95,177,908 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FTAI
FTAI AVIATION L...
Industrials 1.47% 1.58% #13 1
Prev: #12
1.6 no change no change
P
S
400,000 $78,740,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
MAGNUM ICE CREA...
Unknown 1.41% #14
Prev: #—
4.1 4,772,810 no change
NEW
4,772,810 $75,649,039 13F Filing 2025-12-31 2026-02-14 (Est.)
MSTR
STRATEGY INC
PUT
PUT Option 1.35% #15
Prev: #—
4.0 474,000 no change
NEW
474,000 $72,024,300 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FTRE
FORTREA HLDGS I...
Healthcare 1.29% 0.80% #16 4
Prev: #20
1.5 no change no change
P
S
3,993,550 $68,888,738 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AXTA
AXALTA COATING ...
Basic Materials 1.20% #17
Prev: #—
4.0 1,993,545 no change
NEW
1,993,545 $64,411,439 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ASA
ASA GOLD AND PR...
Financial Services 1.17% 1.14% #18 1
Prev: #17
1.5 no change no change
P
S
1,050,000 $62,653,500 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PFGC
PERFORMANCE FOO...
Consumer Defensive 0.99% 0.73% #19 2
Prev: #21
3.4 288,193 96.7%
P
S
586,340 $52,723,693 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ROKU
ROKU INC
Communication Services 0.71% 0.83% #20 1
Prev: #19
1.3 no change no change
P
S
350,000 $37,971,500 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COIN
COINBASE GLOBAL...
PUT
PUT Option 0.63% #21
Prev: #—
3.8 150,000 no change
NEW
150,000 $33,921,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
USFD
US FOODS HLDG C...
Consumer Defensive 0.63% 1.42% #22 6
Prev: #16
0.3 -335,703 -43.0%
P
S
445,592 $33,561,989 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAL
GRAIL INC
Healthcare 0.58% 1.10% #23 5
Prev: #18
0.2 -421,430 -53.6%
P
S
364,714 $31,215,871 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MRNA
MODERNA INC
Healthcare 0.41% 0.45% #24 2
Prev: #22
1.2 no change no change
P
S
743,081 $21,913,459 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
THS
TREEHOUSE FOODS...
Consumer Defensive 0.21% 2.01% #25 14
Prev: #11
0.1 -3,731,824 -88.9%
P
S
468,176 $11,044,272 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ZBRA
ZEBRA TECHNOLOG...
Technology 0.00% 1.46%
Sold All 😨
(Was: #13)
0.0 -206,984 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KDP
KEURIG DR PEPPE...
Consumer Defensive 0.00% 1.45%
Sold All 😨
(Was: #14)
0.0 -2,400,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RHI
ROBERT HALF INC...
CALL
CALL Option 0.00% 0.24%
Sold All 😨
(Was: #23)
0.0 -300,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T INC
Communication Services 0.00% 0.10%
Sold All 😨
(Was: #26)
0.0 -143,886 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 35 holdings

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