Partners Group Holding AG Diversified Active

CIK: 0001534259 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value ($000): $1,801,053 (100.0% shares, 0.0% debt)

Holdings (38)

KLC KinderCare Learning Cos Inc 30.0%

Value ($000) $540,620 Shares 81,418,736 Est. Cost $23.97 Unrealized -65.0%

— Clarivate PLC 5.4%

Value ($000) $97,983 Shares 25,583,059 Est. Cost $3.93 Unrealized —

APO Apollo Global Management Inc 4.9%

Value ($000) $87,900 Shares 659,563 Est. Cost $97.11 Unrealized +44.9%

NU NU Holdings Ltd/Cayman Islands 4.3%

Value ($000) $76,795 Shares 4,796,686 Est. Cost $13.93 Unrealized +0.1%

BN Brookfield Corp 3.7%

Value ($000) $66,423 Shares 968,546 Est. Cost $34.74 Unrealized +27.2%

AMT American Tower Corp 3.3%

Value ($000) $60,241 Shares 313,231 Est. Cost $181.55 Unrealized +12.7%

ARES Ares Management Corp 3.2%

Value ($000) $57,836 Shares 361,723 Est. Cost $99.66 Unrealized +78.9%

KKR KKR & Co Inc 3.1%

Value ($000) $55,854 Shares 429,808 Est. Cost $62.15 Unrealized +127.9%

BX Blackstone Inc 3.0%

Value ($000) $53,770 Shares 314,721 Est. Cost $94.06 Unrealized +80.2%

AWK American Water Works Co Inc 2.8%

Value ($000) $50,204 Shares 360,687 Est. Cost $99.16 Unrealized +41.2%

ATO Atmos Energy Corp 2.6%

Value ($000) $46,391 Shares 271,689 Est. Cost $93.68 Unrealized +70.8%

RSG Republic Services Inc 2.5%

Value ($000) $44,652 Shares 194,579 Est. Cost $105.56 Unrealized +121.0%

UNP Union Pacific Corp 2.5%

Value ($000) $44,131 Shares 186,701 Est. Cost $174.64 Unrealized +27.8%

WMB Williams Cos Inc/The 2.3%

Value ($000) $41,483 Shares 654,829 Est. Cost $28.88 Unrealized +100.2%

CMS CMS Energy Corp 2.2%

Value ($000) $39,168 Shares 534,644 Est. Cost $50.46 Unrealized +40.8%

ARCC Ares Capital Corp 2.0%

Value ($000) $36,068 Shares 1,767,154 Est. Cost $15.26 Unrealized +39.8%

EQIX Equinix Inc 2.0%

Value ($000) $35,321 Shares 45,096 Est. Cost $719.74 Unrealized +7.6%

CSX CSX Corp 1.9%

Value ($000) $33,924 Shares 955,323 Est. Cost $32.62 Unrealized +4.0%

SRE Sempra 1.9%

Value ($000) $33,836 Shares 376,042 Est. Cost $70.12 Unrealized +13.8%

WM Waste Management Inc 1.8%

Value ($000) $33,258 Shares 150,606 Est. Cost $144.86 Unrealized +54.4%

OWL Blue Owl Capital Inc 1.8%

Value ($000) $32,847 Shares 1,940,155 Est. Cost $20.55 Unrealized -7.4%

CNI Canadian National Railway Co 1.6%

Value ($000) $28,877 Shares 307,025 Est. Cost $93.32 Unrealized +2.9%

FER Ferrovial SE 1.6%

Value ($000) $28,491 Shares 498,563 Est. Cost $40.04 Unrealized +34.5%

TPG TPG Inc 1.5%

Value ($000) $27,619 Shares 480,740 Est. Cost $46.79 Unrealized +26.2%

CCI Crown Castle Inc 1.4%

Value ($000) $24,380 Shares 252,671 Est. Cost $91.89 Unrealized +7.9%

SBAC SBA Communications Corp 1.3%

Value ($000) $24,130 Shares 124,802 Est. Cost $208.28 Unrealized +3.1%

TRP TC Energy Corp 1.3%

Value ($000) $22,969 Shares 423,545 Est. Cost $38.75 Unrealized +29.5%

ODFL Old Dominion Freight Line Inc 1.1%

Value ($000) $20,007 Shares 142,117 Est. Cost $182.79 Unrealized -16.5%

ENB Enbridge Inc 0.8%

Value ($000) $14,479 Shares 287,766 Est. Cost $25.07 Unrealized +84.0%

ARCB ArcBest Corp 0.6%

Value ($000) $10,304 Shares 147,476 Est. Cost $97.85 Unrealized -23.4%

ADT ADT Inc 0.5%

Value ($000) $9,706 Shares 1,114,353 Est. Cost $6.46 Unrealized +31.3%

LTH Life Time Group Holdings Inc 0.4%

Value ($000) $7,667 Shares 277,777 Est. Cost $14.28 Unrealized +99.8%

XPO XPO Inc 0.3%

Value ($000) $6,013 Shares 46,516 Est. Cost $112.17 Unrealized +15.7%

KMI Kinder Morgan Inc 0.3%

Value ($000) $5,695 Shares 201,148 Est. Cost $19.74 Unrealized +36.7%

EPD Enterprise Products Partners L 0.0%

Value ($000) $604 Shares 19,324 Est. Cost $38.50 Unrealized —

— NeueHealth Inc 0.0%

Value ($000) $591 Shares 88,645 Est. Cost $6.30 Unrealized —

ET Energy Transfer LP 0.0%

Value ($000) $443 Shares 25,810 Est. Cost $11.76 Unrealized —

PBA Pembina Pipeline Corp 0.0%

Value ($000) $374 Shares 9,270 Est. Cost $29.27 Unrealized +28.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KLC	KinderCare Learning Cos Inc	81,418,736	$540,620	30.0%	$23.97	-65.0%	Common Stock	49456W105
—	Clarivate PLC	25,583,059	$97,983	5.4%	$3.93	—	Common Stock	G21810909
APO	Apollo Global Management Inc	659,563	$87,900	4.9%	$97.11	+44.9%	Common Stock	03769M106
NU	NU Holdings Ltd/Cayman Islands	4,796,686	$76,795	4.3%	$13.93	+0.1%	Common Stock	G6683N103
BN	Brookfield Corp	968,546	$66,423	3.7%	$34.74	+27.2%	Common Stock	11271J107
AMT	American Tower Corp	313,231	$60,241	3.3%	$181.55	+12.7%	REIT	03027X100
ARES	Ares Management Corp	361,723	$57,836	3.2%	$99.66	+78.9%	Common Stock	03990B101
KKR	KKR & Co Inc	429,808	$55,854	3.1%	$62.15	+127.9%	Common Stock	48251W104
BX	Blackstone Inc	314,721	$53,770	3.0%	$94.06	+80.2%	Common Stock	09260D107
AWK	American Water Works Co Inc	360,687	$50,204	2.8%	$99.16	+41.2%	Common Stock	030420103
ATO	Atmos Energy Corp	271,689	$46,391	2.6%	$93.68	+70.8%	Common Stock	049560105
RSG	Republic Services Inc	194,579	$44,652	2.5%	$105.56	+121.0%	Common Stock	760759100
UNP	Union Pacific Corp	186,701	$44,131	2.5%	$174.64	+27.8%	Common Stock	907818108
WMB	Williams Cos Inc/The	654,829	$41,483	2.3%	$28.88	+100.2%	Common Stock	969457100
CMS	CMS Energy Corp	534,644	$39,168	2.2%	$50.46	+40.8%	Common Stock	125896100
ARCC	Ares Capital Corp	1,767,154	$36,068	2.0%	$15.26	+39.8%	Common Stock	04010L103
EQIX	Equinix Inc	45,096	$35,321	2.0%	$719.74	+7.6%	REIT	29444U700
CSX	CSX Corp	955,323	$33,924	1.9%	$32.62	+4.0%	Common Stock	126408103
SRE	Sempra	376,042	$33,836	1.9%	$70.12	+13.8%	Common Stock	816851109
WM	Waste Management Inc	150,606	$33,258	1.8%	$144.86	+54.4%	Common Stock	94106L109
OWL	Blue Owl Capital Inc	1,940,155	$32,847	1.8%	$20.55	-7.4%	Common Stock	09581B103
CNI	Canadian National Railway Co	307,025	$28,877	1.6%	$93.32	+2.9%	Common Stock	136375102
FER	Ferrovial SE	498,563	$28,491	1.6%	$40.04	+34.5%	Common Stock	N3168P101
TPG	TPG Inc	480,740	$27,619	1.5%	$46.79	+26.2%	Common Stock	872657101
CCI	Crown Castle Inc	252,671	$24,380	1.4%	$91.89	+7.9%	REIT	22822V101
SBAC	SBA Communications Corp	124,802	$24,130	1.3%	$208.28	+3.1%	REIT	78410G104
TRP	TC Energy Corp	423,545	$22,969	1.3%	$38.75	+29.5%	Common Stock	87807B107
ODFL	Old Dominion Freight Line Inc	142,117	$20,007	1.1%	$182.79	-16.5%	Common Stock	679580100
ENB	Enbridge Inc	287,766	$14,479	0.8%	$25.07	+84.0%	Common Stock	29250N105
ARCB	ArcBest Corp	147,476	$10,304	0.6%	$97.85	-23.4%	Common Stock	03937C105
ADT	ADT Inc	1,114,353	$9,706	0.5%	$6.46	+31.3%	Common Stock	00090Q103
LTH	Life Time Group Holdings Inc	277,777	$7,667	0.4%	$14.28	+99.8%	Common Stock	53190C102
XPO	XPO Inc	46,516	$6,013	0.3%	$112.17	+15.7%	Common Stock	983793100
KMI	Kinder Morgan Inc	201,148	$5,695	0.3%	$19.74	+36.7%	Common Stock	49456B101
EPD	Enterprise Products Partners L	19,324	$604	0.0%	$38.50	—	MLP	293792107
—	NeueHealth Inc	88,645	$591	0.0%	$6.30	—	Common Stock	10920V404
ET	Energy Transfer LP	25,810	$443	0.0%	$11.76	—	MLP	29273V100
PBA	Pembina Pipeline Corp	9,270	$374	0.0%	$29.27	+28.9%	Common Stock	706327103