Sessa Capital IM, L.P.
Filing Date
Global Rank
#624
/ 8,622
▲ 35
· as of Mar 2026
Top Industry
Entertainment
16.5%
3Y Alpha vs SPY
+5.9%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Sessa Capital IM, L.P.'s reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
78% that is ordinary stock — as little as
26% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+105.4%
SPY
+67.9%
Annualised alpha
+8.3%
Max drawdown
−17.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 78% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
36 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
15.9%
−8.7 pts
Top 5
50.6%
−9.7 pts
Top 10
77.9%
−7.6 pts
HHI
756
Diversified−351
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 34.1% | $1,877,110,700 |
| Communication Services | 16.5% | $910,898,005 |
| Financial Services | 15.4% | $846,692,537 |
| Basic Materials | 11.3% | $619,969,807 |
| Consumer Defensive | 9.7% | $533,156,421 |
| Utilities | 7.8% | $431,837,234 |
| Consumer Cyclical | 3.2% | $176,653,982 |
| Industrials | 1.8% | $98,000,000 |
| Technology | 0.2% | $13,713,320 |
| Real Estate | 0.0% | $61,244 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| LXRX | Lexicon Pharmaceuticals, Inc. | +14,912,961 | 17,912,961 | $27,944,219 | |
| ALLY | Ally Financial Inc. | +3,805,972 | 8,488,098 | $332,988,084 | |
| SHC | Sotera Health Co | +2,500,000 | 23,050,000 | $330,537,000 | |
| GRAL | GRAIL, Inc. | +1,354,600 | 1,719,314 | $88,854,147 | |
| HUM | Humana Inc | +1,037,233 | 3,727,740 | $646,352,838 | |
| FTRE | Fortrea Holdings Inc. | +600,000 | 4,593,550 | $43,271,241 | |
| COIN | Coinbase Global, Inc. | +350,000 | 500,000 | $87,305,000 | |
| AXTA | Axalta Coating Systems Ltd. | +229,784 | 2,223,329 | $61,586,213 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery, Inc. | −13,599,824 | 31,965,805 | $877,781,005 | |
| SOLS | Solstice Advanced Materials Inc. | −4,659,091 | 2,809,319 | $213,957,735 | |
| DUOL | Duolingo, Inc. | −564,000 | 100,000 | $9,857,000 | |
| MSTR | Strategy Inc | −443,100 | 30,900 | $3,856,320 | |
| USFD | US Foods Holding Corp. | −334,888 | 110,704 | $10,208,015 | |
| PFGC | Performance Food Group Co | −304,874 | 281,466 | $24,110,377 | |
| TNDM | Tandem Diabetes Care Inc | −269,243 | 4,730,757 | $90,688,611 | |
| ILMN | Illumina, Inc. | −128,210 | 3,275,849 | $403,781,147 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KMB | Kimberly Clark Corp | 4,431,269 | $427,484,520 | |
| TFX | Teleflex Inc | 1,526,228 | $182,552,131 | |
| CPNG | Coupang, Inc. | 5,190,000 | $97,987,200 | |
| HOOD | Robinhood Markets, Inc. | 1,105,000 | $76,576,500 | |
| TSLA | Tesla, Inc. | 200,000 | $74,350,000 | |
| MMED | MiniMed Group, Inc. | 2,000,000 | $29,840,000 | |
| SENS | Senseonics Holdings, Inc. | 1,766,093 | $11,762,179 | |
| RNA | Atrium Therapeutics, Inc. | 551,391 | $7,372,097 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MRNA | Moderna, Inc. | 743,081 | $21,913,458 | |
| No positions match the current search. | ||||
36 tracked positions ·
$5,508,093,250 total
· filing declares
36 positions · $5,508,093,260
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Reduced | 31,965,805 | $877,781,005 | 15.94% | |
| HUM |
Humana Inc
Healthcare
|
Added | 3,727,740 | $646,352,838 | 11.73% | |
| PCG |
PG&E Corp
Utilities
|
Held | 24,578,101 | $431,837,234 | 7.84% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
NEW | 4,431,269 | $427,484,520 | 7.76% | |
| ILMN |
Illumina, Inc.
Healthcare
|
Reduced | 3,275,849 | $403,781,147 | 7.33% | |
| APD |
Air Products & Chemicals, Inc.
Basic Materials
|
Held | 1,185,672 | $344,425,859 | 6.25% | |
| ALLY |
Ally Financial Inc.
Financial Services
|
Added | 8,488,098 | $332,988,084 | 6.05% | |
| SHC |
Sotera Health Co
Healthcare
|
Added | 23,050,000 | $330,537,000 | 6.00% | |
| COF |
Capital One Financial Corp
Financial Services
|
Held | 1,558,233 | $284,268,446 | 5.16% | |
| SOLS |
Solstice Advanced Materials Inc.
Basic Materials
|
Reduced | 2,809,319 | $213,957,735 | 3.88% | |
| TFX |
Teleflex Inc
Healthcare
|
NEW | 1,526,228 | $182,552,131 | 3.31% | |
| FTAI |
FTAI Aviation Ltd.
Industrials
|
Held | 400,000 | $98,000,000 | 1.78% | |
| CPNG |
Coupang, Inc.
Consumer Cyclical
|
NEW | 5,190,000 | $97,987,200 | 1.78% | |
| TNDM |
Tandem Diabetes Care Inc
Healthcare
|
Reduced | 4,730,757 | $90,688,611 | 1.65% | |
| GRAL |
GRAIL, Inc.
Healthcare
|
Added | 1,719,314 | $88,854,147 | 1.61% | |
| COIN |
Coinbase Global, Inc.
PUT
Financial Services
|
Added | 500,000 | $87,305,000 | 1.59% | |
| HOOD |
Robinhood Markets, Inc.
PUT
Financial Services
|
NEW | 1,105,000 | $76,576,500 | 1.39% | |
| TSLA |
Tesla, Inc.
PUT
Consumer Cyclical
|
NEW | 200,000 | $74,350,000 | 1.35% | |
| MICC |
Magnum Ice Cream Co N.V.
Consumer Defensive
|
Held | 4,772,810 | $71,353,509 | 1.30% | |
| ASA |
ASA Gold & Precious Metals Ltd
Financial Services
|
Held | 1,050,000 | $65,131,500 | 1.18% | |
| AXTA |
Axalta Coating Systems Ltd.
Basic Materials
|
Added | 2,223,329 | $61,586,213 | 1.12% | |
| FTRE |
Fortrea Holdings Inc.
Healthcare
|
Added | 4,593,550 | $43,271,241 | 0.79% | |
| ROKU |
Roku, Inc
Communication Services
|
Held | 350,000 | $33,117,000 | 0.60% | |
| MMED |
MiniMed Group, Inc.
Healthcare
|
NEW | 2,000,000 | $29,840,000 | 0.54% | |
| LXRX |
Lexicon Pharmaceuticals, Inc.
Healthcare
|
Added | 17,912,961 | $27,944,219 | 0.51% | |
| PFGC |
Performance Food Group Co
Consumer Defensive
|
Reduced | 281,466 | $24,110,377 | 0.44% | |
| SENS |
Senseonics Holdings, Inc.
Healthcare
|
NEW | 1,766,093 | $11,762,179 | 0.21% | |
| USFD |
US Foods Holding Corp.
Consumer Defensive
|
Reduced | 110,704 | $10,208,015 | 0.19% | |
| DUOL |
Duolingo, Inc.
PUT
Technology
|
Reduced | 100,000 | $9,857,000 | 0.18% | |
| SABS |
SAB Biotherapeutics, Inc.
Healthcare
|
Held | 2,198,457 | $8,420,090 | 0.15% | |
| RNA |
Atrium Therapeutics, Inc.
Healthcare
|
NEW | 551,391 | $7,372,097 | 0.13% | |
| OSCR |
Oscar Health, Inc.
Healthcare
|
Held | 500,000 | $5,735,000 | 0.10% | |
| BALY |
Bally's Corp
Consumer Cyclical
|
Held | 447,799 | $4,316,782 | 0.08% | |
| MSTR |
Strategy Inc
PUT
Technology
|
Reduced | 30,900 | $3,856,320 | 0.07% | |
| FLG |
Flagstar Bank, National Association
Financial Services
|
Held | 32,119 | $423,007 | 0.01% | |
| BHR |
Braemar Hotels & Resorts Inc.
Real Estate
|
Held | 25,951 | $61,244 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.