Sessa Capital IM, L.P.

CIK 0001595849 · Q1 2026

13F Equity AUM

$5.5B

+3.0% QoQ

Positions

+6 QoQ

AUM Rank

#961

Top 8%

Skill Alpha (FF)

+14.3%/yr

Alpha Generator

Rank #176 · Top 2%

vs S&P +7.1%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 50.6%Top 10: 78.0%Top 20: 94.9%

WBD15.9%

HUM11.7%

PCG7.8%

KMB7.8%

ILMN7.3%

APD6.3%

ALLY6.0%

SHC6.0%

COF5.2%

SOLS3.9%

Others (26)22.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare33.4%

Communication Services16.5%

Financial Services15.4%

Basic Materials11.3%

Consumer Defensive9.7%

Utilities7.8%

Consumer Cyclical3.2%

Other2.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 36Median: 1.32%Avg: 2.78%

0–0.5%

11(1.6%)

0.5–1%

4(2.4%)

1–3%

10(14.7%)

3–5%

2(7.2%)

5%+

9(74.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 36Unique: 0vs 20 funds

0.5%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

VANGUARD CAPITAL MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

BlackRock, Inc.

0.8%

BANK OF AMERICA CORP /DE/

0.7%

STATE STREET CORP

0.9%

MORGAN STANLEY

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

FMR LLC

JPMORGAN CHASE & CO

0.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New8Increased8Decreased8Exited2

New Positions

KMB7.8%

+4.4M

TFX3.3%

+1.5M

CPNG1.8%

+5.2M

HOOD1.4%

+1.1M

TSLA1.4%

+200K

MINIMED GROUP INC0.5%

+2.0M

SENS0.2%

+1.8M

ATRIUM THERAPEUTICS …0.1%

+551K

Increased

LXRX0.5%

+14.9M(+497%)

ALLY6.0%

+3.8M(+81%)

SHC6.0%

+2.5M(+12%)

GRAL1.6%

+1.4M(+371%)

HUM11.7%

+1.0M(+39%)

FTRE0.8%

+600K(+15%)

COIN1.6%

+350K(+233%)

AXTA1.1%

+230K(+12%)

Decreased

WBD15.9%

-13,599,824(-30%)

SOLS3.9%

-4,659,091(-62%)

DUOL0.2%

-564,000(-85%)

MIGA0.1%

-443,100(-93%)

USFD0.2%

-334,888(-75%)

PFGC0.4%

-304,874(-52%)

TNDM1.6%

-269,243(-5%)

ILMN7.3%

-128,210(-4%)

Exited

MRNA

-743,081

THS

-468,176

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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