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Livermore
Livermore
ZHEN

Sessa Capital IM, L.P.

SEC CIK
0001595849
Latest filing
Aug 14, 2026

The latest 13F from Sessa Capital IM, L.P. covers Q2 2026 (filed Aug 14, 2026): 26 long positions worth $5.78B. The top 10 holdings make up 86.6% of the portfolio, and the largest is Humana Inc (HUM) at 25.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$25.7M
Added
9
Est. +$343.3M
Reduced
2
Est. −$427.3M
Sold out
6
Est. −$696.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. HUMHumana Inc
    25.6%$1.48BHistory
  2. WBDWarner Bros. Discovery, Inc.
    13.9%$804.2MHistory
  3. KMBKimberly Clark Corp
    9.9%$572.1MHistory
  4. SHCSotera Health Co
    8.3%$480.1MHistory
  5. PCGPG&E Corp
    7.1%$413.4MHistory

Share of portfolio

Top 5 holdings and the other 21 positions, by share of portfolio value

  1. HUM25.6%
  2. WBD13.9%
  3. KMB9.9%
  4. SHC8.3%
  5. PCG7.1%
  6. Other 21 positions35.1%

Biggest buys

New and added positions, by estimated amount bought

  1. KMBKimberly Clark Corp
    +$85.7MAddedHistory
  2. MICCMagnum Ice Cream Co N.V.
    +$83.9MAddedHistory
  3. SHCSotera Health Co
    +$71.0MAddedHistory
  4. AXTAAxalta Coating Systems Ltd.
    +$45.0MAddedHistory
  5. CMCSAComcast Corp
    +$25.7MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SHCSotera Health Co
    +2.01 pp6.3% → 8.3%History
  2. KMBKimberly Clark Corp
    +1.76 pp8.1% → 9.9%History
  3. MICCMagnum Ice Cream Co N.V.
    +1.53 pp1.4% → 2.9%History
  4. AXTAAxalta Coating Systems Ltd.
    +0.92 pp1.2% → 2.1%History
  5. GRALGRAIL, Inc.
    +0.72 pp1.7% → 2.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ILMNIllumina, Inc.
    −$379.3MReducedHistory
  2. APDAir Products & Chemicals, Inc.
    −$344.4MSold outHistory
  3. SOLSSolstice Advanced Materials Inc.
    −$214.0MSold outHistory
  4. FTAIFTAI Aviation Ltd.
    −$98.0MSold outHistory
  5. WBDWarner Bros. Discovery, Inc.
    −$48.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. APDAir Products & Chemicals, Inc.
    −6.55 pp6.6% → 0.0%History
  2. ILMNIllumina, Inc.
    −4.28 pp7.7% → 3.4%History
  3. SOLSSolstice Advanced Materials Inc.
    −4.07 pp4.1% → 0.0%History
  4. WBDWarner Bros. Discovery, Inc.
    −2.79 pp16.7% → 13.9%History
  5. FTAIFTAI Aviation Ltd.
    −1.86 pp1.9% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.78B
+$526.2M (+10.0%) vs. prior quarter
Positions
26
−5 vs. prior quarter
Top 10 concentration
86.6%
Top 10 as share of value
Turnover
6.7%
Q2 2026, one quarter
Average holding period
8.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $5.78B (Q2 2026)

Q1 2021: $1.47BQ2 2021: $1.83BQ3 2021: $1.58BQ4 2021: $1.85BQ1 2022: $1.64BQ2 2022: $1.49BQ3 2022: $1.40BQ4 2022: $1.63BQ1 2023: $2.43BQ2 2023: $2.01BQ3 2023: $2.26BQ4 2023: $2.15BQ1 2024: $2.57BQ2 2024: $2.56BQ3 2024: $2.62BQ4 2024: $2.56BQ1 2025: $2.42BQ2 2025: $3.29BQ3 2025: $3.98BQ4 2025: $5.03BQ1 2026: $5.26BQ2 2026: $5.78B
Q1 2021Q2 2026
13F filings of Sessa Capital IM, L.P. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202626$5.78BHUMWBDKMBvs. Q1 2026SEC
Q1 2026May 15, 202631$5.26BWBDHUMPCGvs. Q4 2025SEC
Q4 2025Feb 17, 202627$5.03BWBDHUMILMNvs. Q3 2025SEC
Q3 2025Nov 14, 202527$3.98BWBDHUMILMNvs. Q2 2025SEC
Q2 2025Aug 13, 202528$3.29BWBDHUMILMNvs. Q1 2025SEC
Q1 2025May 15, 202530$2.42BPCGWBDDFSvs. Q4 2024SEC
Q4 2024Feb 14, 202525$2.56BABTDFSWBDvs. Q3 2024SEC
Q3 2024Nov 12, 202428$2.62BABTDFSCCKvs. Q2 2024SEC
Q2 2024Aug 14, 202427$2.56BKDFSABTvs. Q1 2024SEC
Q1 2024May 15, 202427$2.57BKDFSFTREvs. Q4 2023SEC
Q4 2023Feb 14, 202423$2.15BKGTXFTREvs. Q3 2023SEC
Q3 2023Nov 14, 202325$2.26BKEQHWBDvs. Q2 2023SEC
Q2 2023Aug 14, 202319$2.01BEQHWBDALLYvs. Q1 2023SEC
Q1 2023May 15, 202335$2.43BWBDALLYPRVBvs. Q4 2022SEC
Q4 2022Feb 14, 202332$1.63BWBDEQHTvs. Q3 2022SEC
Q3 2022Nov 14, 202231$1.40BWBDEQHTvs. Q2 2022SEC
Q2 2022Aug 15, 202231$1.49BWBDTEQHvs. Q1 2022SEC
Q1 2022May 16, 202239$1.64BTCCGarrett Motion Inc.vs. Q4 2021SEC
Q4 2021Feb 14, 202239$1.85BCCJXNCTVAvs. Q3 2021SEC
Q3 2021Nov 15, 202141$1.58BCCWFCCTVAvs. Q2 2021SEC
Q2 2021Aug 16, 202149$1.83BCCWFCCTVAvs. Q1 2021SEC
Q1 2021May 17, 202122$1.47BCCWFCCTVA–SEC

13D and 13G filings

Companies where Sessa Capital IM, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Sessa Capital IM, L.P. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
SENSSenseonics Holdings, Inc.13G9.90%12.4M sharesNewAug 14, 20261 filingAug 14, 2026SEC
SHCSotera Health Co13G/A9.50%27.1M shares–Aug 14, 20261 filingAug 14, 2026SEC
RNAAtrium Therapeutics, Inc.13G8.80%1.50M sharesNewAug 14, 20261 filingAug 14, 2026SEC

Latest filings

13 filings on file made by Sessa Capital IM, L.P. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Sessa Capital IM, L.P.
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
SENSSenseonics Holdings, Inc.Aug 14, 20264:08 PM ETSessa Capital IM, L.P.and 1 other13G9.90%12.4M sharesNewJun 30, 2026SEC
RNAAtrium Therapeutics, Inc.Aug 14, 20264:07 PM ETSessa Capital IM, L.P.and 1 other13G8.80%1.50M sharesNewJun 30, 2026SEC
SHCSotera Health CoAug 14, 20264:06 PM ETSessa Capital IM, L.P.and 1 other13G/A9.50%27.1M shares–Jun 30, 2026SEC
SHCSotera Health CoFeb 17, 20265:20 PM ETSessa Capital (Master), L.P.and 5 others13G7.23%20.6M sharesNewDec 31, 2025SEC
FTREFortrea Holdings Inc.Feb 17, 20265:06 PM ETSessa Capital (Master), L.P.and 4 others13G/A4.32%3.99M shares−0.88 ppfrom 5.20%Below 5%Dec 31, 2025SEC
THSTreeHouse Foods, Inc.Jan 8, 20264:05 PM ETSessa Capital IM, L.P.and 4 others13G/A0.93%468.2K shares–Below 5%Dec 31, 2025SEC
GTXGarrett Motion Inc.Aug 14, 20255:06 PM ETSessa Capital (Master), L.P.and 4 others13G/A2.15%4.35M shares–Below 5%Jun 30, 2025SEC
ASAASA Gold & Precious Metals LtdMay 15, 20254:25 PM ETSessa Capital (Master), L.P.and 5 others13G5.55%1.05M sharesNewMar 31, 2025SEC
TNDMTandem Diabetes Care IncMay 15, 20254:13 PM ETSessa Capital (Master), L.P.and 4 others13G6.71%4.47M sharesNewMar 31, 2025SEC
THSTreeHouse Foods, Inc.May 15, 20254:08 PM ETSessa Capital (Master), L.P.and 4 others13G/A8.37%4.20M shares+2.04 ppfrom 6.33%Mar 31, 2025SEC
FTREFortrea Holdings Inc.May 15, 20254:00 PM ETSessa Capital (Master), L.P.and 4 others13G/A5.20%4.69M shares–Mar 31, 2025SEC
GRALGRAIL, Inc.May 7, 20254:05 PM ETSessa Capital (Master), L.P.and 4 others13G/A4.27%1.51M shares–Below 5%Apr 30, 2025SEC
THSTreeHouse Foods, Inc.Feb 14, 20254:00 PM ETSessa Capital (Master), L.P.and 4 others13G6.33%3.24M sharesNewDec 31, 2024SEC