LOCUST WOOD CAPITAL ADVISERS, LLC Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$4.1B

Holdings

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (34 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	LINLINDE PLC	728,574	$310.7M	7.51%	Call
2	MSFTMICROSOFT CORP	592,690	$286.6M	6.93%	Call
3	AMZNAMAZON COM INC	1,161,686	$268.1M	6.48%
4	TSMTAIWAN SEMICONDUCTOR MFG LTD	741,845	$225.4M	5.45%
5	GOOGLALPHABET INC	581,015	$181.9M	4.39%
6	GEHCGE HEALTHCARE TECHNOLOGIES I	2,127,495	$174.5M	4.22%
7	NVDANVIDIA CORPORATION	920,707	$171.7M	4.15%
8	GPGICOMPOSECURE INC	8,864,129	$170.9M	4.13%
9	SPGIS&P GLOBAL INC	311,932	$163.0M	3.94%
10	PCGPG&E CORP	9,395,612	$151.0M	3.65%	Call
11	AAPLAPPLE INC	538,995	$146.5M	3.54%
12	VRTVERTIV HOLDINGS CO	845,915	$137.0M	3.31%
13	ABTABBOTT LABS	1,070,264	$134.1M	3.24%	Call
14	VVISA INC	367,413	$128.9M	3.11%
15	CSXCSX CORP	3,530,430	$128.0M	3.09%
16	PAHUSDELEMENT SOLUTIONS INC	4,837,611	$120.9M	2.92%
17	STESTERIS PLC	446,401	$113.2M	2.73%
18	RHLDRESOLUTE HLDGS MGMT INC	543,969	$112.3M	2.71%
19	WMWASTE MGMT INC DEL	448,341	$98.5M	2.38%
20	REZIRESIDEO TECHNOLOGIES INC	2,649,691	$93.1M	2.25%
21	CRMSALESFORCE INC	338,038	$89.5M	2.16%
22	SHWSHERWIN WILLIAMS CO	269,595	$87.4M	2.11%
23	NKENIKE INC	1,282,705	$81.7M	1.97%
24	SUSUNCOR ENERGY INC NEW	1,784,089	$79.1M	1.91%
25	SPYSPDR S&P 500 ETF TR	103,500	$70.6M	1.71%	Put
26	NOWSERVICENOW INC	448,310	$68.7M	1.66%
27	CPCANADIAN PACIFIC KANSAS CITY	888,326	$65.4M	1.58%
28	METAMETA PLATFORMS INC	97,395	$64.3M	1.55%
29	AXTAAXALTA COATING SYS LTD	1,983,338	$64.1M	1.55%
30	ELVELEVANCE HEALTH INC FORMERLY	142,053	$49.8M	1.20%
31	APOAPOLLO GLOBAL MGMT INC	336,837	$48.8M	1.18%
32	BRK/BBERKSHIRE HATHAWAY INC DEL	68,660	$34.5M	0.83%
33	BRK-BBERKSHIRE HATHAWAY INC DEL	24	$18.1M	0.44%
34	CZRCAESARS ENTERTAINMENT INC NE	18,400	$430K	0.01%	Call