Sessa Capital IM, L.P.

CIK 0001595849 · Q2 2026

13F Equity AUM

$6.0B

+8.6% QoQ

Positions

-6 QoQ

AUM Rank

#744

Top 9%

Skill Alpha (FF)

+13.6%/yr

Alpha Generator

Rank #260 · Top 3%

vs S&P +9.7%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 62.7%Top 10: 83.8%Top 20: 97.8%

HUM24.8%

WBD13.4%

KMB9.6%

SHC8.0%

PCG6.9%

ALLY6.5%

COF5.2%

ILMN3.3%

TFX3.2%

MICC2.8%

Others (20)16.2%

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

Sector Allocation

Healthcare45.6%

Communication Services14.7%

Financial Services12.7%

Consumer Defensive12.4%

Utilities6.9%

Consumer Cyclical3.0%

Basic Materials2.0%

Other2.7%

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

Position Sizing

Positions: 30Median: 1.37%Avg: 3.33%

0–0.5%

9(1.7%)

0.5–1%

4(3.0%)

1–3%

8(14.3%)

3–5%

2(6.5%)

5%+

7(74.5%)

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

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Portfolio Overlap

Shared: 0Unique: 30vs 20 funds

0%Low

Fund positions

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.

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Position Changes This Quarter

New1Increased10Decreased3Exited7

New Positions

CMCSA0.4%

+1.0M

Increased

MICC2.8%

+4.8M(+101%)

SHC8.0%

+4.0M(+17%)

SENS0.4%

+2.7M(+151%)

AXTA2.0%

+1.3M(+59%)

MIGA1.7%

+1.1M(+3622%)

LXRX0.8%

+1.0M(+6%)

ATRIUM THERAPEUTICS …0.3%

+949K(+172%)

KMB9.6%

+781K(+18%)

TNDM1.3%

+369K(+8%)

GRAL2.3%

+318K(+19%)

Decreased

ILMN3.3%

-2,157,475(-66%)

WBD13.4%

-1,800,000(-6%)

HOOD0.0%

-1,085,000(-98%)

Exited

-1,185,672

-2,809,319

-400,000

-500,000

-281,466

-110,704

-500,000

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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