Belfer Management LLC
CIK 1481957 · Holdings on Dec 31, 2025 · First reported Feb 3, 2026
Top ten holdings
Q4 2025- CPNG21.53%
- HG10.93%
- GLD7.80%
- MPLX7.34%
- WES7.00%
- ET6.42%
- LMT6.35%
- DLTR4.94%
- LH4.93%
- GOOGL4.83%
Share classes counted separately82.07%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- CPNGWeight decreased · -3.57 pp25.10% → 21.53%Shares -4.06K (-7.23%)
- HGWeight increased · +2.63 pp8.30% → 10.93%Shares -1.74K (-7.23%)
- MPLXWeight increased · +2.02 pp5.32% → 7.34%Shares +181 (+2.36%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 14
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | CPNGCOUPANG INC View history and evidence | $1.23M | 21.53% | 52.06K shares | 25.10% → 21.53%-3.57 pp -4.06K (-7.23%) | Reduced | ↗▾ |
| 02 | HGHAMILTON INSURANCE GROU-CL B View history and evidence | $623.47K | 10.93% | 22.35K shares | 8.30% → 10.93%+2.63 pp -1.74K (-7.23%) | Reduced | ↗▾ |
| 03 | GLDSPDR GOLD SHARESETF View history and evidence | $445.25K | 7.80% | 1.12K shares | 5.98% → 7.80%+1.82 pp -88 (-7.27%) | Reduced | ↗▾ |
| 04 | MPLXMPLX LPCOM UNITS LP View history and evidence | $418.90K | 7.34% | 7.85K shares | 5.32% → 7.34%+2.02 pp +181 (+2.36%) | Added | ↗▾ |
| 05 | WESWESTERN MIDSTREAM PARTNERS LCOM UNITS LP View history and evidence | $399.20K | 7.00% | 10.11K shares | 5.39% → 7.00%+1.61 pp +233 (+2.36%) | Added | ↗▾ |
| 06 | ETENERGY TRANSFER LPCOM UNITS LP View history and evidence | $366.26K | 6.42% | 22.21K shares | 5.17% → 6.42%+1.25 pp +511 (+2.35%) | Added | ↗▾ |
| 07 | LMTLOCKHEED MARTIN CORP View history and evidence | $362.47K | 6.35% | 749 shares | 5.60% → 6.35%+0.75 pp -59 (-7.30%) | Reduced | ↗▾ |
| 08 | DLTRDOLLAR TREE INC View history and evidence | $281.77K | 4.94% | 2.29K shares | 3.24% → 4.94%+1.70 pp -178 (-7.21%) | Reduced | ↗▾ |
| 09 | LHLABCORP HOLDINGS INC View history and evidence | $281.34K | 4.93% | 1.12K shares | 4.95% → 4.93%-0.02 pp -122 (-9.81%) | Reduced | ↗▾ |
| 10 | GOOGLALPHABET INC-CL ACL A COM View history and evidence | $275.72K | 4.83% | 881 shares | 3.21% → 4.83%+1.62 pp -69 (-7.26%) | Reduced | ↗▾ |
Options overlay 0
No options reported this quarter.
Exited positions 5
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| META META PLATFORMS INC-CLASS A | Non-derivative | -301 | -$221.18K | SEC filing ↗ | SEC filing ↗ |
| Z ZILLOW GROUP INC - C | Non-derivative | -2,786 | -$214.67K | SEC filing ↗ | SEC filing ↗ |
| CRBG COREBRIDGE FINANCIAL INC | Non-derivative | -6,616 | -$212.03K | SEC filing ↗ | SEC filing ↗ |
3 / 5 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1481957 · Period 2025-12-31
Data loaded 2026-09-23 · First reported 2026-02-03
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 5704953
}Take these holdings further.
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