CAT ROCK CAPITAL MANAGEMENT LP

Key Holdings

The portfolio is dominated by Meta Platforms (META), which remains the cornerstone holding with a value of $198.4 million, representing 39.26% of the portfolio. Despite a reduction of 270,000 shares (a 12.1% decrease in stake value), Meta’s position size underscores the manager’s persistent bullishness on the communication services giant.

The second-largest holding, Kaspi.kz (KSPI), represents 10.43% of the portfolio at $52.7 million. This indicates a continued focus on high-growth fintech ecosystems, although the manager reduced this position by 22.1% ($17.7 million). Other notable positions include First Advantage Corp (FA) and TKO Group Holdings (TKO), which make up 9.35% and 9.06% of the portfolio, respectively. Notably, First Advantage saw the largest percentage increase in the portfolio (+29.7%), signaling accumulating conviction in this specific technology play.