Michael Lowenstein's portfolio
In the Q2 2026 13F, filed August 14, 2026, Kensico Capital Management reported 25 US stock positions worth $5.8B. The largest was Applovin (APP) at 28.1% of the portfolio. New positions: Taiwan Semiconductor Manufacturing (TSM), McKesson (MCK) and Toast (TOST). Added to: Booking (BKNG) and Intel (INTC). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
Trimmed
- ApplovinAPP$1.6B
- Fair IsaacFICO$446M
- VisaV$325M
- Amazon.comAMZN$233M
- Tradeweb MarketsTW$100M
- S&P GlobalSPGI$44M
- Net PowerNPWR$131,602
Sold out
None this quarter.
Holdings
25 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| ApplovinAPP | 28.12% | $1.6B | 3,182,850 | Trimmed |
| Howmet AerospaceHWM | 23.44% | $1.4B | 5,083,600 | Held |
| AlphabetGOOGL | 9.25% | $539M | 1,509,500 | Held |
| Fair IsaacFICO | 7.65% | $446M | 373,500 | Trimmed |
| VisaV | 5.57% | $325M | 946,600 | Trimmed |
| Amazon.comAMZN | 4.00% | $233M | 978,100 | Trimmed |
| MicrosoftMSFT | 2.58% | $150M | 403,400 | Held |
| ProgressivePGR | 1.87% | $109M | 498,500 | Held |
| Hilton WorldwideHLT | 1.83% | $107M | 322,500 | Held |
| Intercontinental Exchange In | 1.81% | $106M | 857,700 | Held |
| BookingBKNG | 1.76% | $103M | 576,500 | Added |
| Cheniere EnergyLNG | 1.74% | $102M | 424,900 | Held |
| Tradeweb MarketsTW | 1.72% | $100M | 1,004,700 | Trimmed |
| Taiwan Semiconductor ManufacturingTSM | 1.47% | $86M | 179,500 | New |
| IntelINTC | 1.35% | $79M | 563,200 | Added |
| McKessonMCK | 1.29% | $75M | 99,680 | New |
| ToastTOST | 0.79% | $46M | 1,659,800 | New |
| MorningstarMORN | 0.76% | $44M | 284,100 | Added |
| S&P GlobalSPGI | 0.75% | $44M | 107,700 | Trimmed |
| Sea | 0.67% | $39M | 408,700 | Held |
| ICONICLR | 0.56% | $33M | 188,000 | New |
| IQVIAIQV | 0.55% | $32M | 165,000 | New |
| VSEVSEC | 0.47% | $27M | 119,600 | New |
| Net PowerNPWR | 0.00% | $131,602 | 453,800 | Trimmed |
| DPC HoldingsDPC | 0.00% | $47,343 | 965 | New |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Michael Lowenstein own?
In the Q2 2026 13F, Kensico Capital Management reported 25 US stock positions worth $5.8B. The largest: Applovin (APP) 28.1%, Howmet Aerospace (HWM) 23.4%, Alphabet (GOOGL) 9.3%, Fair Isaac (FICO) 7.7%, Visa (V) 5.6%.
What did Michael Lowenstein buy last quarter?
In Q2 2026: new position in Taiwan Semiconductor Manufacturing (TSM); new position in McKesson (MCK); new position in Toast (TOST); added to Booking (BKNG); added to Intel (INTC); added to Morningstar (MORN).
What did Michael Lowenstein sell last quarter?
In Q2 2026: cut Applovin (APP); cut Fair Isaac (FICO); cut Visa (V).
When is Michael Lowenstein's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.