What Davidson Kempner Capital Management LP changed, 2014 to 2026
50 quarterly 13F filings, from Q1 2014 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$8.4bn
$2.8bn at Q1 2014
Positions
241
138 at Q1 2014
Top ten weight
42%
43% at Q1 2014
Typical quarterly turnover
about 35%
Estimated from share changes
- Q1 2014: $2.8bn
- Q2 2014: $3.4bn
- Q3 2014: $4.4bn
- Q4 2014: $5.3bn
- Q1 2015: $4.7bn
- Q2 2015: $6.1bn
- Q3 2015: $5.7bn
- Q4 2015: $5.6bn
- Q1 2016: $4.7bn
- Q2 2016: $4.3bn
- Q3 2016: $4.1bn
- Q4 2016: $4.9bn
- Q1 2017: $4.2bn
- Q2 2017: $7.3bn
- Q3 2017: $7.5bn
- Q4 2017: $7.4bn
- Q1 2018: $9.5bn
- Q2 2018: $8.5bn
- Q3 2018: $9.1bn
- Q4 2018: $5.1bn
- Q1 2019: $5.2bn
- Q2 2019: $9.2bn
- Q3 2019: $5.1bn
- Q4 2019: $4.4bn
- Q1 2020: $3.7bn
- Q2 2020: $4.1bn
- Q3 2020: $7.0bn
- Q4 2020: $8.5bn
- Q1 2021: $10.0bn
- Q2 2021: $12.9bn
- Q3 2021: $7.0bn
- Q4 2021: $6.8bn
- Q1 2022: $7.8bn
- Q2 2022: $5.8bn
- Q3 2022: $5.5bn
- Q4 2022: $5.3bn
- Q1 2023: $6.0bn
- Q2 2023: $5.2bn
- Q3 2023: $7.6bn
- Q4 2023: $6.6bn
- Q1 2024: $7.6bn
- Q2 2024: $6.2bn
- Q3 2024: $4.8bn
- Q4 2024: $6.0bn
- Q1 2025: $7.3bn
- Q2 2025: $7.0bn
- Q3 2025: $7.8bn
- Q4 2025: $8.6bn
- Q1 2026: $8.3bn
- Q2 2026: $8.4bn
- Q1 2014: 43%
- Q2 2014: 50%
- Q3 2014: 45%
- Q4 2014: 50%
- Q1 2015: 48%
- Q2 2015: 54%
- Q3 2015: 49%
- Q4 2015: 49%
- Q1 2016: 49%
- Q2 2016: 50%
- Q3 2016: 47%
- Q4 2016: 46%
- Q1 2017: 98%
- Q2 2017: 60%
- Q3 2017: 57%
- Q4 2017: 60%
- Q1 2018: 60%
- Q2 2018: 49%
- Q3 2018: 57%
- Q4 2018: 53%
- Q1 2019: 51%
- Q2 2019: 60%
- Q3 2019: 60%
- Q4 2019: 52%
- Q1 2020: 55%
- Q2 2020: 36%
- Q3 2020: 38%
- Q4 2020: 38%
- Q1 2021: 37%
- Q2 2021: 45%
- Q3 2021: 30%
- Q4 2021: 27%
- Q1 2022: 26%
- Q2 2022: 28%
- Q3 2022: 29%
- Q4 2022: 28%
- Q1 2023: 36%
- Q2 2023: 39%
- Q3 2023: 51%
- Q4 2023: 47%
- Q1 2024: 44%
- Q2 2024: 32%
- Q3 2024: 33%
- Q4 2024: 32%
- Q1 2025: 41%
- Q2 2025: 33%
- Q3 2025: 38%
- Q4 2025: 47%
- Q1 2026: 46%
- Q2 2026: 42%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| iShares Russell 2000 ETF(IWM) | Q3 2014 | $877mQ2 2026 | $877m | |
| Electronic Arts Inc(EA) | Q4 2017 | $750mQ2 2026 | $750m | |
| Spdr S&P 500 Etf Trust(SPY) | Q4 2014 | $1.1bnQ4 2025 | $518m | |
| Invesco QQQ Trust(QQQ) | Q1 2022 | $457mQ2 2022 | $331m | |
| Space Exploration Techn Corp(SPCX)Class A Common Stock | Q2 2026 | $201mQ2 2026 | $201m | |
| iShares IBOXX High Yield ETF(HYG) | Q1 2026 | $200mQ2 2026 | $200m | |
| Echostar Corp(ECHO)Class A | Q3 2025 | $199mQ2 2026 | $199m | |
| Arko Corp(ARKO) | Q4 2020 | $237mQ1 2021 | $186m | |
| MKS Inc.Note 1.250% 6/0 | Q1 2026 | $146mQ2 2026 | $146m | |
| Alibaba Group HLDG LTDNote 0.500% 6/0 | Q2 2025 | $202mQ3 2025 | $142m | |
| Uber Technologies IncNote 0.875%12/0 | Q4 2024 | $129mQ3 2025 | $120m | |
| Rivian Automotive IncNote 4.625% 3/1 | Q1 2024 | $118mQ2 2026 | $118m | |
| NXP Semiconductors N V(NXPI) | Q2 2016 | $1.9bnQ1 2018 | Soldlast listed Q1 2018 | |
| Aetna Inc New | Q2 2015 | $1.6bnQ3 2018 | Soldlast listed Q3 2018 | |
| Activision Blizzard Inc | Q1 2015 | $1.4bnQ3 2023 | Soldlast listed Q3 2023 | |
| Spdr S&P 500 Etf Trust(SPY) | Q2 2018 | $1.4bnQ1 2026 | Soldlast listed Q1 2026 | |
| Altaba Inc | Q2 2017 | $1.1bnQ2 2019 | Soldlast listed Q3 2019 | |
| Reynolds American Inc | Q1 2014 | $1.1bnQ2 2017 | Soldlast listed Q2 2017 | |
| Allergan PLC | Q4 2015 | $1.0bnQ4 2019 | Soldlast listed Q1 2020 | |
| Alexion Pharmaceuticals Inc | Q2 2015 | $1.0bnQ2 2021 | Soldlast listed Q2 2021 |
Quarter by quarter
Q4 2022: $5.3bn across 443 positions
Against Q3 2022: 61 new, 32 added to, 23 trimmed, 160 sold out, across all 443 positions.
Turnover about 27% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Vmware Inc+$24m
- US Foods HLDG Corp (USFD)+$22m
- Lithia MTRS Inc (LAD)+$19m
- Facebook Inc (META)+$15m
- PNM Res Inc (TXNM)+$13m
- Lululemon Athletica Inc (LULU)+$13m
- Linde PLC+$11m
- Vnet Group Inc+$11m
Largest reductions
- Albertsons Cos Inc (ACI)-$52m
- TJX Cos Inc New (TJX)-$33m
- T-mobile US Inc (TMUS)-$31m
- Cyberark Software LTD-$29m
- Sea LTD-$29m
- Spdr S&P 500 Etf Trust (SPY)-$20m
- Dollar Gen Corp New (DG)-$19m
- Shaw Communications Inc-$15m
Opened
- Horizon Therapeutics Pub L$290m
- Alphabet Inc (GOOGL)$101m
- Ritchie Bros Auctioneers$94m
- Shell PLC (SHEL)$58m
Sold out
- Change Healthcare Incwas $272m
- Invesco QQQ Trust (QQQ)was $162m
- Twitter Incwas $159m
- Avalara Incwas $123m
- Take-two Interactive Softwar (TTWO)was $47m
- Uber Technologies Inc (UBER)was $44m
- Centene Corp Del (CNC)was $24m
- Planet Fitness Inc (PLNT)was $22m
Largest positions, Q4 2022
The largest 25 of 443 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Horizon Therapeutics Pub L | $290m | 5.5% | New |
| Arko Corp (ARKO) | $200m | 3.8% | Held |
| Vistra Energy Corp (VST) | $163m | 3.1% | Held |
| Spdr S&P 500 Etf Trust (SPY) | $153m | 2.9% | Trimmed |
| Yy Inc | $133m | 2.5% | Held |
| Activision Blizzard Inc | $116m | 2.2% | Trimmed |
| Pinduoduo Inc | $105m | 2.0% | Held |
| First Horizon Corporation (FHN) | $103m | 2.0% | Trimmed |
| Qiagen NV | $103m | 1.9% | Trimmed |
| Alphabet Inc (GOOGL) | $101m | 1.9% | New |
| Playa Hotels & Resorts NV | $99m | 1.9% | Held |
| Ritchie Bros Auctioneers | $94m | 1.8% | New |
| Radius Global Infrastrctre I | $94m | 1.8% | Trimmed |
| Vmware Inc | $91m | 1.7% | Added |
| T-mobile US Inc (TMUS) | $87m | 1.7% | Trimmed |
| Shaw Communications Inc | $85m | 1.6% | Trimmed |
| Halozyme Therapeutics Inc | $77m | 1.5% | Held |
| Iqiyi Inc | $71m | 1.3% | Held |
| Shell PLC (SHEL) | $58m | 1.1% | New |
| Cloudflare Inc | $52m | 1.0% | Held |
| California Res Corp (CRC) | $52m | 1.0% | Added |
| US Foods HLDG Corp (USFD) | $52m | 1.0% | Added |
| Akamai Technologies Inc | $49m | 0.9% | Held |
| Booking HLDGS Inc (BKNG) | $49m | 0.9% | Trimmed |
| Constellation Energy Corp (CEG) | $48m | 0.9% | Added |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Soros Fund Management LLC | 12% | 45 | Compare | |
| Fidelity (FMR LLC) | at least 9.9% | 48 | Compare | |
| Neuberger Berman Group LLC | at least 9.7% | 49 | Compare | |
| Janus Henderson Group Ltd | at least 9.6% | 46 | Compare | |
| Farallon Capital Management LLC | 9.3% | 6 | Compare | |
| T. Rowe Price Associates Inc | at least 9.2% | 47 | Compare | |
| Wellington Management Group LLP | at least 8.8% | 45 | Compare | |
| Capital Research Global Investors | 8.6% | 45 | Compare |
“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Davidson Kempner Capital Management LP | $8.4bn | 13F-HR | |
| Q1 2026 | Davidson Kempner Capital Management LP | $8.3bn | 2 | 13F-HR |
| Q4 2025 | Davidson Kempner Capital Management LP | $8.6bn | 4 | 13F-HR |
| Q3 2025 | Davidson Kempner Capital Management LP | $7.8bn | 6 | 13F-HR |
| Q2 2025 | Davidson Kempner Capital Management LP | $7.0bn | 5 | 13F-HR |
| Q1 2025 | Davidson Kempner Capital Management LP | $7.3bn | 8 | 13F-HR |
| Q4 2024 | Davidson Kempner Capital Management LP | $6.0bn | 10 | 13F-HR |
| Q3 2024 | Davidson Kempner Capital Management LP | $4.8bn | 7 | 13F-HR |
| Q2 2024 | Davidson Kempner Capital Management LP | $6.2bn | 7 | 13F-HR |
| Q1 2024 | Davidson Kempner Capital Management LP | $7.6bn | 5 | 13F-HR |
| Q4 2023 | Davidson Kempner Capital Management LP | $6.6bn | 6 | 13F-HR |
| Q3 2023 | Davidson Kempner Capital Management LP | $7.6bn | 6 | 13F-HR |
| Q2 2023 | Davidson Kempner Capital Management LP | $5.2bn | 7 | 13F-HR |
| Q1 2023 | Davidson Kempner Capital Management LP | $6.0bn | 5 | 13F-HR |
| Q4 2022 | Davidson Kempner Capital Management LP | $5.3bn | 6 | 13F-HR |
| Q3 2022 | Davidson Kempner Capital Management LP | $5.5bn | 8 | 13F-HR |
| Q2 2022 | Davidson Kempner Capital Management LP | $5.8bn | 5 | 13F-HR |
| Q1 2022 | Davidson Kempner Capital Management LP | $7.8bn | 6 | 13F-HR |
| Q4 2021 | Davidson Kempner Capital Management LP | $6.8bn | 6 | 13F-HR |
| Q3 2021 | Davidson Kempner Capital Management LP | $7.0bn | 5 | 13F-HR |
| Q2 2021 | Davidson Kempner Capital Management LP | $12.9bn | 8 | 13F-HR |
| Q1 2021 | Davidson Kempner Capital Management LP | $10.0bn | 8 | 13F-HR |
| Q4 2020 | Davidson Kempner Capital Management LP | $8.5bn | 7 | 13F-HR |
| Q3 2020 | Davidson Kempner Capital Management LP | $7.0bn | 7 | 13F-HR |
| Q2 2020 | Davidson Kempner Capital Management LP | $4.1bn | 5 | 13F-HR |
| Q1 2020 | Davidson Kempner Capital Management LP | $3.7bn | 7 | 13F-HR |
| Q4 2019 | Davidson Kempner Capital Management LP | $4.4bn | 5 | 13F-HR |
| Q3 2019 | Davidson Kempner Capital Management LP | $5.1bn | 6 | 13F-HR |
| Q2 2019 | Davidson Kempner Capital Management LP | $9.2bn | 6 | 13F-HR |
| Q1 2019 | Davidson Kempner Capital Management LP | $5.2bn | 7 | 13F-HR |
| Q4 2018 | Davidson Kempner Capital Management LP | $5.1bn | 3 | 13F-HR |
| Q3 2018 | Davidson Kempner Capital Management LP | $9.1bn | 6 | 13F-HR |
| Q2 2018 | Davidson Kempner Capital Management LP | $8.5bn | 7 | 13F-HR |
| Q1 2018 | Davidson Kempner Capital Management LP | $9.5bn | 9 | 13F-HR |
| Q4 2017 | Davidson Kempner Capital Management LP | $7.4bn | 7 | 13F-HR |
| Q3 2017 | Davidson Kempner Capital Management LP | $7.5bn | 11 | 13F-HR |
| Q2 2017 | Davidson Kempner Capital Management LP | $7.3bn | 10 | 13F-HR |
| Q1 2017 | Davidson Kempner Capital Management LP | $4.2bn | 11 | 13F-HR |
| Q4 2016 | Davidson Kempner Capital Management LP | $4.9bn | 12 | 13F-HR |
| Q3 2016 | Davidson Kempner Capital Management LP | $4.1bn | 11 | 13F-HR |
| Q2 2016 | Davidson Kempner Capital Management LP | $4.3bn | 9 | 13F-HR |
| Q1 2016 | Davidson Kempner Capital Management LP | $4.7bn | 11 | 13F-HR |
| Q4 2015 | Davidson Kempner Capital Management LP | $5.6bn | 11 | 13F-HR |
| Q3 2015 | Davidson Kempner Capital Management LP | $5.7bn | 9 | 13F-HR |
| Q2 2015 | Davidson Kempner Capital Management LP | $6.1bn | 8 | 13F-HR |
| Q1 2015 | Davidson Kempner Capital Management LP | $4.7bn | 8 | 13F-HR |
| Q4 2014 | Davidson Kempner Capital Management LP | $5.3bn | 8 | 13F-HR |
| Q3 2014 | Davidson Kempner Capital Management LP | $4.4bn | 10 | 13F-HR |
| Q2 2014 | Davidson Kempner Capital Management LP | $3.4bn | 8 | 13F-HR |
| Q1 2014 | Davidson Kempner Capital Management LP | $2.8bn | 6 | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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