WINDACRE PARTNERSHIP LLC Concentrated Active

CIK: 0001599383 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $9,324,416 (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (2)

ROP ROPER TECHNOLOGIES INC 14.8%

Value ($000) $1,378,167 Shares 3,096,100 Est. Cost $462.16 Unrealized 0.0%

FG F&G ANNUITIES & LIFE INC 0.1%

Value ($000) $10,798 Shares 350,000 Est. Cost $31.09 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROP	ROPER TECHNOLOGIES INC	3,096,100	$1,378,167	14.8%	$462.16	0.0%	COM	776696106
FG	F&G ANNUITIES & LIFE INC	350,000	$10,798	0.1%	$31.09	0.0%	COMMON STOCK	30190A104

Increased Positions (4)

AMZN AMAZON COM INC 10.2%

Value ($000) $949,340 (+23.5%) Shares 4,112,900 (+17.5%) Est. Cost $155.43 Unrealized +47.2%

NVDA NVIDIA CORPORATION 6.5%

Value ($000) $606,703 (+28.6%) Shares 3,253,100 (+28.6%) Est. Cost $146.54 Unrealized +27.0%

FNF FIDELITY NATIONAL FINANCIAL 11.5%

Value ($000) $1,075,641 (-5.9%) Shares 19,704,000 (+4.2%) Est. Cost $38.96 Unrealized +40.5%

SAP SAP SE 6.4%

Value ($000) $595,403 (-5.5%) Shares 2,451,125 (+4.0%) Est. Cost $203.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	4,112,900 (+17.5%)	$949,340 (+23.5%)	10.2%	$155.43	+47.2%	COM	023135106
NVDA	NVIDIA CORPORATION	3,253,100 (+28.6%)	$606,703 (+28.6%)	6.5%	$146.54	+27.0%	COM	67066G104
FNF	FIDELITY NATIONAL FINANCIAL	19,704,000 (+4.2%)	$1,075,641 (-5.9%)	11.5%	$38.96	+40.5%	COM SHS	31620R303
SAP	SAP SE	2,451,125 (+4.0%)	$595,403 (-5.5%)	6.4%	$203.27	—	SPON ADR	803054204

Decreased Positions (5)

GOOGL ALPHABET INC 5.7%

Value ($000) $528,720 (-30.5%) Shares 1,689,200 (-46.0%) Est. Cost $115.86 Unrealized +146.5%

EXPE EXPEDIA GROUP INC 7.1%

Value ($000) $666,373 (-15.3%) Shares 2,352,100 (-36.1%) Est. Cost $133.99 Unrealized +84.2%

TDG TRANSDIGM GROUP INC 8.1%

Value ($000) $752,828 (-6.7%) Shares 566,100 (-7.6%) Est. Cost $844.96 Unrealized +55.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 8.1%

Value ($000) $754,589 (-4.4%) Shares 2,483,100 (-12.2%) Est. Cost $108.33 Unrealized —

MCO MOODYS CORP 6.1%

Value ($000) $571,590 (+3.0%) Shares 1,118,900 (-3.9%) Est. Cost $333.40 Unrealized +46.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	1,689,200 (-46.0%)	$528,720 (-30.5%)	5.7%	$115.86	+146.5%	CAP STK CL A	02079K305
EXPE	EXPEDIA GROUP INC	2,352,100 (-36.1%)	$666,373 (-15.3%)	7.1%	$133.99	+84.2%	COM NEW	30212P303
TDG	TRANSDIGM GROUP INC	566,100 (-7.6%)	$752,828 (-6.7%)	8.1%	$844.96	+55.1%	COM	893641100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	2,483,100 (-12.2%)	$754,589 (-4.4%)	8.1%	$108.33	—	SPONSORED ADS	874039100
MCO	MOODYS CORP	1,118,900 (-3.9%)	$571,590 (+3.0%)	6.1%	$333.40	+46.2%	COM	615369105

Unchanged Positions (2)

PRM PERIMETER SOLUTIONS INC 6.5%

Value ($000) $601,657 Shares 21,854,600 Est. Cost $13.04 Unrealized +93.7%

SGI SOMNIGROUP INTERNATIONAL INC 8.9%

Value ($000) $832,607 Shares 9,325,800 Est. Cost $63.60 Unrealized +37.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRM	PERIMETER SOLUTIONS INC	21,854,600	$601,657	6.5%	$13.04	+93.7%	COMMON STOCK	71385M107
SGI	SOMNIGROUP INTERNATIONAL INC	9,325,800	$832,607	8.9%	$63.60	+37.4%	COM	88023U101