Greenstone Partners & Co., LLC

Key Holdings

The portfolio is anchored by AppLovin Corp. (APP), which remains the dominant position despite a reduction in shares. Valued at $122.01 million, APP constitutes 28.59% of the portfolio. While Greenstone reduced the stake by 13.8% (trimming roughly $14.88 million), it remains a clear "core" holding, suggesting continued confidence in the company's fundamentals despite taking profits. The second and third largest positions, Acuity Brands Inc. (AYI) and Charter Communications Inc. (CHTR), represent 13.65% and 11.03% of the portfolio, respectively. Notably, Greenstone aggressively increased its stake in Acuity Brands by 20.9% (adding $15.71 million), signaling strong bullishness on the industrial/technology lighting sector. Conversely, the firm reduced its exposure to Charter Communications by 11%, likely rotating capital into newer opportunities.