Partners Group Holding AG Diversified Active

CIK: 0001534259 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 5, 2025

Total Value ($000): $2,127,096 (100.0% shares, 0.0% debt)

Holdings (40)

KLC KinderCare Learning Cos Inc 38.7%

Value ($000) $822,329 Shares 81,418,736 Est. Cost $23.97 Unrealized -51.8%

— Clarivate PLC 5.2%

Value ($000) $110,007 Shares 25,583,059 Est. Cost $3.93 Unrealized —

APO Apollo Global Management Inc 4.2%

Value ($000) $89,204 Shares 628,770 Est. Cost $94.97 Unrealized +38.3%

AMT American Tower Corp 3.4%

Value ($000) $73,240 Shares 331,374 Est. Cost $181.55 Unrealized +15.9%

ARES Ares Management Corp 2.9%

Value ($000) $61,228 Shares 353,510 Est. Cost $97.83 Unrealized +58.7%

KKR KKR & Co Inc 2.8%

Value ($000) $60,251 Shares 452,913 Est. Cost $62.15 Unrealized +87.7%

AWK American Water Works Co Inc 2.7%

Value ($000) $58,137 Shares 417,923 Est. Cost $99.16 Unrealized +42.3%

BX Blackstone Inc 2.5%

Value ($000) $53,221 Shares 355,802 Est. Cost $94.06 Unrealized +43.6%

RSG Republic Services Inc 2.4%

Value ($000) $51,954 Shares 210,674 Est. Cost $105.56 Unrealized +132.2%

ATO Atmos Energy Corp 2.3%

Value ($000) $49,800 Shares 323,145 Est. Cost $93.68 Unrealized +63.4%

UNP Union Pacific Corp 2.3%

Value ($000) $49,272 Shares 214,152 Est. Cost $174.64 Unrealized +25.1%

WMB Williams Cos Inc/The 2.3%

Value ($000) $48,002 Shares 764,243 Est. Cost $28.88 Unrealized +99.7%

CNI Canadian National Railway Co 2.0%

Value ($000) $43,510 Shares 418,381 Est. Cost $93.32 Unrealized +7.8%

CMS CMS Energy Corp 2.0%

Value ($000) $42,397 Shares 611,962 Est. Cost $50.46 Unrealized +38.7%

BN Brookfield Corp 1.9%

Value ($000) $40,526 Shares 655,233 Est. Cost $30.22 Unrealized +22.2%

WM Waste Management Inc 1.8%

Value ($000) $37,503 Shares 163,898 Est. Cost $144.86 Unrealized +58.5%

ARCC Ares Capital Corp 1.7%

Value ($000) $37,030 Shares 1,686,269 Est. Cost $14.97 Unrealized +33.4%

EQIX Equinix Inc 1.7%

Value ($000) $36,767 Shares 46,220 Est. Cost $719.74 Unrealized +16.1%

SRE Sempra 1.7%

Value ($000) $35,211 Shares 464,706 Est. Cost $70.12 Unrealized +3.5%

FER Ferrovial SE 1.6%

Value ($000) $34,930 Shares 657,502 Est. Cost $40.04 Unrealized +21.1%

OWL Blue Owl Capital Inc 1.6%

Value ($000) $34,402 Shares 1,790,863 Est. Cost $20.67 Unrealized -10.5%

SBAC SBA Communications Corp 1.5%

Value ($000) $32,008 Shares 136,298 Est. Cost $208.28 Unrealized +8.5%

CCI Crown Castle Inc 1.4%

Value ($000) $28,757 Shares 279,929 Est. Cost $91.89 Unrealized +6.7%

TPG TPG Inc 1.3%

Value ($000) $26,864 Shares 512,183 Est. Cost $46.79 Unrealized +2.5%

CSX CSX Corp 1.2%

Value ($000) $26,151 Shares 801,430 Est. Cost $32.37 Unrealized -8.0%

ODFL Old Dominion Freight Line Inc 1.2%

Value ($000) $26,075 Shares 160,661 Est. Cost $182.79 Unrealized -13.2%

TRP TC Energy Corp 1.2%

Value ($000) $25,219 Shares 517,576 Est. Cost $38.75 Unrealized +25.1%

ADT ADT Inc 1.0%

Value ($000) $21,158 Shares 2,498,003 Est. Cost $6.46 Unrealized +24.4%

— Global Blue Group Holding AG 1.0%

Value ($000) $20,701 Shares 2,771,206 Est. Cost $7.36 Unrealized —

ENB Enbridge Inc 0.7%

Value ($000) $13,998 Shares 309,292 Est. Cost $25.07 Unrealized +74.7%

ARCB ArcBest Corp 0.5%

Value ($000) $11,357 Shares 147,476 Est. Cost $97.85 Unrealized -33.8%

LTH Life Time Group Holdings Inc 0.4%

Value ($000) $8,425 Shares 277,777 Est. Cost $14.28 Unrealized +107.8%

XPO XPO Inc 0.3%

Value ($000) $7,270 Shares 57,563 Est. Cost $112.17 Unrealized 0.0%

KMI Kinder Morgan Inc 0.3%

Value ($000) $5,846 Shares 198,843 Est. Cost $19.65 Unrealized +36.2%

NU NU Holdings Ltd/Cayman Islands 0.1%

Value ($000) $2,117 Shares 154,279 Est. Cost $13.30 Unrealized -10.0%

— NeueHealth Inc 0.0%

Value ($000) $612 Shares 88,645 Est. Cost $6.30 Unrealized —

EPD Enterprise Products Partners L 0.0%

Value ($000) $599 Shares 19,324 Est. Cost $38.50 Unrealized —

ET Energy Transfer LP 0.0%

Value ($000) $468 Shares 25,810 Est. Cost $11.76 Unrealized —

PBA Pembina Pipeline Corp 0.0%

Value ($000) $347 Shares 9,270 Est. Cost $29.27 Unrealized +27.5%

OKE ONEOK Inc 0.0%

Value ($000) $202 Shares 2,470 Est. Cost $80.67 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KLC	KinderCare Learning Cos Inc	81,418,736	$822,329	38.7%	$23.97	-51.8%	Common Stock	49456W105
—	Clarivate PLC	25,583,059	$110,007	5.2%	$3.93	—	Common Stock	G21810909
APO	Apollo Global Management Inc	628,770	$89,204	4.2%	$94.97	+38.3%	Common Stock	03769M106
AMT	American Tower Corp	331,374	$73,240	3.4%	$181.55	+15.9%	REIT	03027X100
ARES	Ares Management Corp	353,510	$61,228	2.9%	$97.83	+58.7%	Common Stock	03990B101
KKR	KKR & Co Inc	452,913	$60,251	2.8%	$62.15	+87.7%	Common Stock	48251W104
AWK	American Water Works Co Inc	417,923	$58,137	2.7%	$99.16	+42.3%	Common Stock	030420103
BX	Blackstone Inc	355,802	$53,221	2.5%	$94.06	+43.6%	Common Stock	09260D107
RSG	Republic Services Inc	210,674	$51,954	2.4%	$105.56	+132.2%	Common Stock	760759100
ATO	Atmos Energy Corp	323,145	$49,800	2.3%	$93.68	+63.4%	Common Stock	049560105
UNP	Union Pacific Corp	214,152	$49,272	2.3%	$174.64	+25.1%	Common Stock	907818108
WMB	Williams Cos Inc/The	764,243	$48,002	2.3%	$28.88	+99.7%	Common Stock	969457100
CNI	Canadian National Railway Co	418,381	$43,510	2.0%	$93.32	+7.8%	Common Stock	136375102
CMS	CMS Energy Corp	611,962	$42,397	2.0%	$50.46	+38.7%	Common Stock	125896100
BN	Brookfield Corp	655,233	$40,526	1.9%	$30.22	+22.2%	Common Stock	11271J107
WM	Waste Management Inc	163,898	$37,503	1.8%	$144.86	+58.5%	Common Stock	94106L109
ARCC	Ares Capital Corp	1,686,269	$37,030	1.7%	$14.97	+33.4%	Common Stock	04010L103
EQIX	Equinix Inc	46,220	$36,767	1.7%	$719.74	+16.1%	REIT	29444U700
SRE	Sempra	464,706	$35,211	1.7%	$70.12	+3.5%	Common Stock	816851109
FER	Ferrovial SE	657,502	$34,930	1.6%	$40.04	+21.1%	Common Stock	N3168P101
OWL	Blue Owl Capital Inc	1,790,863	$34,402	1.6%	$20.67	-10.5%	Common Stock	09581B103
SBAC	SBA Communications Corp	136,298	$32,008	1.5%	$208.28	+8.5%	REIT	78410G104
CCI	Crown Castle Inc	279,929	$28,757	1.4%	$91.89	+6.7%	REIT	22822V101
TPG	TPG Inc	512,183	$26,864	1.3%	$46.79	+2.5%	Common Stock	872657101
CSX	CSX Corp	801,430	$26,151	1.2%	$32.37	-8.0%	Common Stock	126408103
ODFL	Old Dominion Freight Line Inc	160,661	$26,075	1.2%	$182.79	-13.2%	Common Stock	679580100
TRP	TC Energy Corp	517,576	$25,219	1.2%	$38.75	+25.1%	Common Stock	87807B107
ADT	ADT Inc	2,498,003	$21,158	1.0%	$6.46	+24.4%	Common Stock	00090Q103
—	Global Blue Group Holding AG	2,771,206	$20,701	1.0%	$7.36	—	Common Stock	H22700107
ENB	Enbridge Inc	309,292	$13,998	0.7%	$25.07	+74.7%	Common Stock	29250N105
ARCB	ArcBest Corp	147,476	$11,357	0.5%	$97.85	-33.8%	Common Stock	03937C105
LTH	Life Time Group Holdings Inc	277,777	$8,425	0.4%	$14.28	+107.8%	Common Stock	53190C102
XPO	XPO Inc	57,563	$7,270	0.3%	$112.17	0.0%	Common Stock	983793100
KMI	Kinder Morgan Inc	198,843	$5,846	0.3%	$19.65	+36.2%	Common Stock	49456B101
NU	NU Holdings Ltd/Cayman Islands	154,279	$2,117	0.1%	$13.30	-10.0%	Common Stock	G6683N103
—	NeueHealth Inc	88,645	$612	0.0%	$6.30	—	Common Stock	10920V404
EPD	Enterprise Products Partners L	19,324	$599	0.0%	$38.50	—	MLP	293792107
ET	Energy Transfer LP	25,810	$468	0.0%	$11.76	—	MLP	29273V100
PBA	Pembina Pipeline Corp	9,270	$347	0.0%	$29.27	+27.5%	Common Stock	706327103
OKE	ONEOK Inc	2,470	$202	0.0%	$80.67	0.0%	Common Stock	682680103