Sessa Capital IM, L.P. Diversified Active

Location: New York, NY

CIK: 0001595849 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $4.225B (100.0% shares, 0.0% debt)

Holdings (30)

WBD WARNER BROS DISCOVERY INC 23.4%

Value $989M Shares 50,624,148 Est. Cost $12.07 Unrealized +12.9%

HUM HUMANA INC 13.6%

Value $576M Shares 2,212,867 Est. Cost $250.20 Unrealized +4.4%

ILMN ILLUMINA INC 10.5%

Value $445M Shares 4,686,779 Est. Cost $81.16 Unrealized +22.2%

COF CAPITAL ONE FINL CORP 9.1%

Value $385M Shares 1,810,233 Est. Cost $185.05 Unrealized +17.7%

PCG PG&E CORP 8.8%

Value $371M Shares 24,578,101 Est. Cost $16.38 Unrealized -11.4%

APD AIR PRODS & CHEMS INC 5.8%

Value $243M Shares 891,802 Est. Cost $272.67 Unrealized +4.7%

ALLY ALLY FINL INC 4.3%

Value $184M Shares 4,682,126 Est. Cost $25.44 Unrealized +54.8%

SHC SOTERA HEALTH CO 3.7%

Value $156M Shares 9,919,619 Est. Cost $14.41 Unrealized -2.6%

HUM HUMANA INC 3.2%

Value $136M Shares 521,600 Est. Cost $250.20 Unrealized +4.4%

DUOL DUOLINGO INC 2.4%

Value $99.77M Shares 310,000 Est. Cost — Unrealized —

— TREEHOUSE FOODS INC 2.0%

Value $84.88M Shares 4,200,000 Est. Cost $34.63 Unrealized —

FTAI FTAI AVIATION LTD 1.6%

Value $66.74M Shares 400,000 Est. Cost $117.07 Unrealized +21.1%

ZBRA ZEBRA TECHNOLOGIES CORPORATI 1.5%

Value $61.51M Shares 206,984 Est. Cost $271.51 Unrealized +17.7%

KDP KEURIG DR PEPPER INC 1.4%

Value $61.22M Shares 2,400,000 Est. Cost $30.82 Unrealized 0.0%

TNDM TANDEM DIABETES CARE INC 1.4%

Value $60.7M Shares 5,000,000 Est. Cost $28.25 Unrealized -52.1%

USFD US FOODS HLDG CORP 1.4%

Value $59.86M Shares 781,295 Est. Cost $56.43 Unrealized +40.9%

— ASA GOLD AND PRECIOUS MTLS L 1.1%

Value $48.09M Shares 1,050,000 Est. Cost $21.25 Unrealized —

GRAL GRAIL INC 1.1%

Value $46.48M Shares 786,144 Est. Cost $16.03 Unrealized +138.5%

ROKU ROKU INC 0.8%

Value $35.05M Shares 350,000 Est. Cost $77.80 Unrealized +18.5%

FTRE FORTREA HLDGS INC 0.8%

Value $33.63M Shares 3,993,550 Est. Cost $29.69 Unrealized -74.2%

PFGC PERFORMANCE FOOD GROUP CO 0.7%

Value $31.02M Shares 298,147 Est. Cost $100.10 Unrealized 0.0%

MRNA MODERNA INC 0.5%

Value $19.19M Shares 743,081 Est. Cost $35.49 Unrealized -21.4%

RHI ROBERT HALF INC. 0.2%

Value $10.19M Shares 300,000 Est. Cost — Unrealized —

OSCR OSCAR HEALTH INC 0.2%

Value $9.465M Shares 500,000 Est. Cost $14.87 Unrealized +10.9%

SABS SAB BIOTHERAPEUTICS INC 0.1%

Value $4.419M Shares 2,198,457 Est. Cost $2.94 Unrealized -23.0%

T AT&T INC 0.1%

Value $4.063M Shares 143,886 Est. Cost $15.30 Unrealized +83.5%

LXRX LEXICON PHARMACEUTICALS INC 0.1%

Value $4.05M Shares 3,000,000 Est. Cost $0.65 Unrealized +75.1%

BALY BALLYS CORPORATION 0.0%

Value $1.064M Shares 95,827 Est. Cost $17.24 Unrealized -41.7%

FLG FLAGSTAR FINANCIAL INC 0.0%

Value $371K Shares 32,119 Est. Cost $10.59 Unrealized +12.2%

BHR BRAEMAR HOTELS & RESORTS INC 0.0%

Value $70,846 Shares 25,951 Est. Cost $11.42 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	50,624,148	$989M	23.4%	$12.07	+12.9%	COM SER A	934423104
HUM	HUMANA INC	2,212,867	$576M	13.6%	$250.20	+4.4%	COM	444859102
ILMN	ILLUMINA INC	4,686,779	$445M	10.5%	$81.16	+22.2%	COM	452327109
COF	CAPITAL ONE FINL CORP	1,810,233	$385M	9.1%	$185.05	+17.7%	COM	14040H105
PCG	PG&E CORP	24,578,101	$371M	8.8%	$16.38	-11.4%	COM	69331C108
APD	AIR PRODS & CHEMS INC	891,802	$243M	5.8%	$272.67	+4.7%	COM	009158106
ALLY	ALLY FINL INC	4,682,126	$184M	4.3%	$25.44	+54.8%	COM	02005N100
SHC	SOTERA HEALTH CO	9,919,619	$156M	3.7%	$14.41	-2.6%	COM	83601L102
HUM	HUMANA INC	521,600	$136M	3.2%	$250.20	+4.4%	Call	444859102
DUOL	DUOLINGO INC	310,000	$99.77M	2.4%	—	—	Put	26603R106
—	TREEHOUSE FOODS INC	4,200,000	$84.88M	2.0%	$34.63	—	COM	89469A104
FTAI	FTAI AVIATION LTD	400,000	$66.74M	1.6%	$117.07	+21.1%	SHS	G3730V105
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	206,984	$61.51M	1.5%	$271.51	+17.7%	CL A	989207105
KDP	KEURIG DR PEPPER INC	2,400,000	$61.22M	1.4%	$30.82	0.0%	COM	49271V100
TNDM	TANDEM DIABETES CARE INC	5,000,000	$60.7M	1.4%	$28.25	-52.1%	COM NEW	875372203
USFD	US FOODS HLDG CORP	781,295	$59.86M	1.4%	$56.43	+40.9%	COM	912008109
—	ASA GOLD AND PRECIOUS MTLS L	1,050,000	$48.09M	1.1%	$21.25	—	SHS	G3156P103
GRAL	GRAIL INC	786,144	$46.48M	1.1%	$16.03	+138.5%	COM	384747101
ROKU	ROKU INC	350,000	$35.05M	0.8%	$77.80	+18.5%	COM CL A	77543R102
FTRE	FORTREA HLDGS INC	3,993,550	$33.63M	0.8%	$29.69	-74.2%	COMMON STOCK	34965K107
PFGC	PERFORMANCE FOOD GROUP CO	298,147	$31.02M	0.7%	$100.10	0.0%	COM	71377A103
MRNA	MODERNA INC	743,081	$19.19M	0.5%	$35.49	-21.4%	COM	60770K107
RHI	ROBERT HALF INC.	300,000	$10.19M	0.2%	—	—	Call	770323103
OSCR	OSCAR HEALTH INC	500,000	$9.465M	0.2%	$14.87	+10.9%	CL A	687793109
SABS	SAB BIOTHERAPEUTICS INC	2,198,457	$4.419M	0.1%	$2.94	-23.0%	COM NEW	78397T202
T	AT&T INC	143,886	$4.063M	0.1%	$15.30	+83.5%	COM	00206R102
LXRX	LEXICON PHARMACEUTICALS INC	3,000,000	$4.05M	0.1%	$0.65	+75.1%	COM NEW	528872302
BALY	BALLYS CORPORATION	95,827	$1.064M	0.0%	$17.24	-41.7%	COMMON STOCK	05875B304
FLG	FLAGSTAR FINANCIAL INC	32,119	$371K	0.0%	$10.59	+12.2%	COM NEW	649445400
BHR	BRAEMAR HOTELS & RESORTS INC	25,951	$70,846	0.0%	$11.42	—	COM	10482B101