Sessa Capital IM, L.P.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| HUMANA INC | HUM | $1.5B | 3,727,740 | +13.03pp | 7q | HELD | |
| WARNER BROS DISCOVERY INC | WBD | $804.2M | 30,165,805 | -2.49pp | 17q | -5.6%-$48.0M | |
| KIMBERLY-CLARK CORP | KMB | $572.1M | 5,212,035 | +1.81pp | 2q | +17.6%+$85.7M | |
| SOTERA HEALTH CO | SHC | $480.1M | 27,050,000 | +2.03pp | 10q | +17.4%+$71.0M | |
| PG&E CORP | PCG | $413.4M | 24,578,101 | -0.93pp | 6q | HELD | |
| ALLY FINL INC | ALLY | $390.0M | 8,488,098 | +0.48pp | 15q | HELD | |
| CAPITAL ONE FINL CORP | COF | $312.6M | 1,558,233 | +0.07pp | 5q | HELD | |
| ILLUMINA INC | ILMN | $196.6M | 1,118,374 | -4.04pp | 5q | -65.9%-$379.3M | |
| TELEFLEX INCORPORATED | TFX | $193.5M | 1,526,228 | -0.08pp | 2q | HELD | |
| MAGNUM ICE CREAM CO NV | MICC | $166.9M | 9,589,219 | +1.50pp | 3q | +100.9%+$83.9M | |
| GRAIL INC | GRAL | $139.1M | 2,037,518 | +0.71pp | 9q | +18.5%+$21.7M | |
| AXALTA COATING SYS LTD | AXTA | $121.1M | 3,539,329 | +0.91pp | 3q | +59.2%+$45.0M | |
| STRATEGY INC OPT | MSTR | $100.0M | options only | +1.60pp | 3q | OPTIONS | |
| COUPANG INC | CPNG | $90.2M | 5,190,000 | -0.27pp | 2q | HELD | |
| TESLA INC OPT | TSLA | $84.1M | options only | +0.06pp | 2q | OPTIONS | |
| FORTREA HLDGS INC | FTRE | $79.9M | 4,593,550 | +0.55pp | 12q | HELD | |
| TANDEM DIABETES CARE INC | TNDM | $77.0M | 5,100,000 | -0.36pp | 6q | +7.8%+$5.6M | |
| ASA GOLD AND PRECIOUS MTLS L | ASA | $54.6M | 1,050,000 | -0.27pp | 10q | HELD | |
| ROKU INC | ROKU | $48.3M | 350,000 | +0.21pp | 10q | HELD | |
| LEXICON PHARMACEUTICALS INC | LXRX | $45.5M | 18,960,836 | +0.25pp | 5q | +5.8%+$2.5M | |
| MINIMED GROUP INC | MMED | $29.9M | 2,000,000 | -0.04pp | 2q | HELD | |
| COMCAST CORP NEW | CMCSA | $25.7M | 1,048,600 | - | new | NEW | |
| SENSEONICS HLDGS INC | SENS | $25.2M | 4,437,532 | +0.21pp | 2q | +151.3%+$15.2M | |
| ATRIUM THERAPEUTICS INC | RNA | $20.2M | 1,500,000 | +0.20pp | 2q | +172.0%+$12.8M | |
| DUOLINGO INC OPT | DUOL | $11.5M | options only | +0.01pp | 4q | OPTIONS | |
| SAB BIOTHERAPEUTICS INC | SABS | $8.6M | 2,198,457 | -0.01pp | 10q | HELD | |
| BALLYS CORPORATION | BALY | $6.1M | 447,799 | +0.02pp | 7q | HELD | |
| ROBINHOOD MKTS INC OPT | HOOD | $2.0M | options only | -1.36pp | 2q | OPTIONS | |
| FLAGSTAR BANK NATIONAL ASSOC | FLG | $479.9K | 32,119 | flat | 8q | HELD | |
| BRAEMAR HOTELS & RESORTS INC | BHR | $56.1K | 25,951 | flat | 31q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $1.5B | 24.8% |
| Telecom & Media | $878.3M | 14.7% |
| Banks & Lending | $803.1M | 13.4% |
| Healthcare Services | $699.2M | 11.7% |
| Industrials | $572.1M | 9.6% |
| Utilities | $413.4M | 6.9% |
| Medical Devices | $300.3M | 5.0% |
| Biotech & Pharma | $270.9M | 4.5% |
| Food, Drink & Tobacco | $166.9M | 2.8% |
| Chemicals | $121.1M | 2.0% |
| Retail & Consumer | $90.2M | 1.5% |
| Other sectors | $183.7M | 3.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $6.0B | 30 | 1 | 9 | 2 | 7 | 83.8% | 45 |
| Q1 2026 | $5.5B | 36 | 8 | 7 | 6 | 2 | 77.9% | 45 |
| Q4 2025 | $5.3B | 30 | 5 | 5 | 6 | 4 | 85.4% | 48 |
| Q3 2025 | $4.2B | 29 | 4 | 5 | 1 | 3 | 86.8% | 45 |
| Q2 2025 | $3.4B | 28 | 6 | 4 | 4 | 8 | 88.4% | 44 |
| Q1 2025 | $2.6B | 30 | 7 | 3 | 6 | 3 | 81.5% | 45 |
| Q4 2024 | $2.8B | 26 | 3 | 3 | 6 | 8 | 84.7% | 45 |
| Q3 2024 | $2.7B | 31 | 7 | 5 | 10 | 6 | 78.1% | 43 |
| Q2 2024 | $3.3B | 30 | 5 | 6 | 7 | 5 | 82.0% | 45 |
| Q1 2024 | $4.2B | 30 | 11 | 1 | 5 | 6 | 84.0% | 45 |
| Q4 2023 | $3.0B | 25 | 4 | 4 | 8 | 7 | 86.1% | 45 |
| Q3 2023 | $3.7B | 28 | 11 | 2 | 2 | 3 | 87.9% | 45 |
| Q2 2023 | $7.1B | 20 | 1 | 8 | 6 | 18 | 96.7% | 45 |
| Q1 2023 | $2.6B | 37 | 16 | 4 | 4 | 11 | 71.6% | 45 |
| Q4 2022 | $1.6B | 32 | 11 | 2 | 1 | 10 | 79.0% | 45 |
| Q3 2022 | $1.4B | 31 | 4 | 2 | 4 | 6 | 81.3% | 45 |
| Q2 2022 | $1.8B | 33 | 3 | 1 | 5 | 12 | 84.9% | 46 |
| Q1 2022 | $2.1B | 42 | 15 | 5 | 7 | 13 | 73.9% | 46 |
| Q4 2021 | $2.0B | 40 | 8 | 7 | 6 | 13 | 75.7% | 45 |
| Q3 2021 | $2.0B | 45 | 16 | 3 | 5 | 28 | 77.4% | 46 |
| Q2 2021 | $2.7B | 57 | 34 | 4 | 5 | 5 | 74.9% | 47 |
| Q1 2021 | $2.6B | 28 | 9 | 2 | 6 | 3 | 80.8% | 47 |
| Q4 2020 | $1.6B | 22 | 4 | 2 | 8 | 7 | 89.7% | 47 |
| Q3 2020 | $1.2B | 25 | 6 | 1 | 7 | 4 | 85.3% | 47 |
| Q2 2020 | $995.3M | 23 | 7 | 4 | 3 | 8 | 89.7% | 45 |
| Q1 2020 | $816.7M | 24 | 9 | 3 | 5 | 6 | 92.7% | 45 |
| Q4 2019 | $972.3M | 21 | 3 | 3 | 7 | 2 | 89.0% | 45 |
| Q3 2019 | $877.5M | 20 | 1 | 7 | 6 | 2 | 90.0% | 45 |
| Q2 2019 | $883.8M | 21 | 7 | 2 | 7 | 1 | 86.4% | 45 |
| Q1 2019 | $718.4M | 15 | 1 | 4 | 5 | 5 | 94.8% | 45 |
| Q4 2018 | $704.0M | 19 | 0 | 0 | 0 | 0 | 87.2% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.