Belfer Management LLC Long-Term Concentrated

Location: New York, NY

CIK: 0001481957 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 3, 2026

Total Value: $5.705M (100.0% shares, 0.0% debt)

Holdings (14)

CPNG COUPANG INC 21.5%

Value $1.228M Shares 52,057 Share Price $23.59 * Est. Cost/Share $17.24 Unrealized @ Report Date +65.0%

HG HAMILTON INSURANCE GROUP LTD. CMN 10.9%

Value $623K Shares 22,347 Share Price $27.90 * Est. Cost/Share $15.17 Unrealized @ Report Date +71.1%

GLD SPDR GOLD TRUST ETF 7.8%

Value $445K Shares 1,123 Share Price $396.48 Est. Cost/Share $159.28 Unrealized @ Report Date —

MPLX MPLX LP 7.3%

Value $419K Shares 7,849 Share Price $53.37 Est. Cost/Share $35.18 Unrealized @ Report Date —

WES WESTERN MIDSTREAM PARTNERS LP 7.0%

Value $399K Shares 10,107 Share Price $39.50 Est. Cost/Share $27.41 Unrealized @ Report Date —

— ENERGY TRANSFER OPERATING LP 6.4%

Value $366K Shares 22,211 Share Price $16.49 Est. Cost/Share $11.61 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORPORATION CMN 6.4%

Value $362K Shares 749 Share Price $483.94 Est. Cost/Share $386.45 Unrealized @ Report Date +23.2%

DLTR DOLLAR TREE STORES, INC. CMN 4.9%

Value $282K Shares 2,291 Share Price $122.99 * Est. Cost/Share $86.31 Unrealized @ Report Date +24.1%

LH LABCORP HOLDINGS INC. 4.9%

Value $281K Shares 1,121 Share Price $250.98 * Est. Cost/Share $200.20 Unrealized @ Report Date +32.4%

GOOGL ALPHABET INC-CL A 4.8%

Value $276K Shares 881 Share Price $312.96 * Est. Cost/Share $209.20 Unrealized @ Report Date +36.5%

AVTR AVANTOR INC 4.7%

Value $271K Shares 23,621 Share Price $11.46 * Est. Cost/Share $25.50 Unrealized @ Report Date -51.7%

SHW SHERWIN-WILLIAMS CO CMN 4.7%

Value $268K Shares 826 Share Price $324.10 * Est. Cost/Share $231.71 Unrealized @ Report Date +44.2%

ULTA ULTA BEAUTY INC CMN 4.3%

Value $243K Shares 401 Share Price $605.42 * Est. Cost/Share $413.52 Unrealized @ Report Date +32.9%

ORI OLD REPUBLIC INTL CORP CMN 4.2%

Value $241K Shares 5,289 Share Price $45.64 * Est. Cost/Share $29.06 Unrealized @ Report Date +40.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CPNG	COUPANG INC	52,057	$1.228M	21.5%	$23.59 *	$17.24	+65.0%	COM	22266T109
HG	HAMILTON INSURANCE GROUP LTD. CMN	22,347	$623K	10.9%	$27.90 *	$15.17	+71.1%	COM	G42706104
GLD	SPDR GOLD TRUST ETF	1,123	$445K	7.8%	$396.48	$159.28	—	ETF	78463V107
MPLX	MPLX LP	7,849	$419K	7.3%	$53.37	$35.18	—	COM UNITS LP	55336V100
WES	WESTERN MIDSTREAM PARTNERS LP	10,107	$399K	7.0%	$39.50	$27.41	—	COM UNITS LP	958669103
—	ENERGY TRANSFER OPERATING LP	22,211	$366K	6.4%	$16.49	$11.61	—	COM UNITS LP	29273v100
LMT	LOCKHEED MARTIN CORPORATION CMN	749	$362K	6.4%	$483.94	$386.45	+23.2%	COM	539830109
DLTR	DOLLAR TREE STORES, INC. CMN	2,291	$282K	4.9%	$122.99 *	$86.31	+24.1%	COM	256746108
LH	LABCORP HOLDINGS INC.	1,121	$281K	4.9%	$250.98 *	$200.20	+32.4%	COM	504922105
GOOGL	ALPHABET INC-CL A	881	$276K	4.8%	$312.96 *	$209.20	+36.5%	CL A COM	02079K305
AVTR	AVANTOR INC	23,621	$271K	4.7%	$11.46 *	$25.50	-51.7%	COM	05352A100
SHW	SHERWIN-WILLIAMS CO CMN	826	$268K	4.7%	$324.10 *	$231.71	+44.2%	COM	824348106
ULTA	ULTA BEAUTY INC CMN	401	$243K	4.3%	$605.42 *	$413.52	+32.9%	COM	90384S303
ORI	OLD REPUBLIC INTL CORP CMN	5,289	$241K	4.2%	$45.64 *	$29.06	+40.5%	COM	680223104