Q2 2025 · 13F-HR
P2 Capital Partners, LLCholdings as filed
Filed 2025-08-14 · accession 0001172661-25-003359
$522.5M
Reported value
13
Positions
2025-06-30
Period end
The Brief · P2 Capital Partners, LLC · Q2 2025
AI · grounded in 13F
P2 Capital Partners, LLC established a new position in CBZ valued at $129.5M. The fund also initiated new stakes in JBTM for $65.5M and ZETA for $52.7M. Additional new positions include ACHC at $48.6M, IAS at $40.8M, and TNC at $39.1M. Total assets under management stand at $522.5M across 12 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 124805102 | CBZ | CBIZ INC | $129.5M | 24.8% | 1,806,308 | Common | SOLE |
| 477839104 | JBTM | JBT MAREL CORPORATION | $65.5M | 12.5% | 544,952 | Common | SOLE |
| 00404A109 | ACHC | ACADIA HEALTHCARE COMPANY IN | $48.6M | 9.30% | 2,142,188 | Common | SOLE |
| 45828L108 | IAS | INTEGRAL AD SCIENCE HLDNG CO | $40.8M | 7.81% | 4,910,000 | Common | SOLE |
| 880345103 | TNC | TENNANT CO | $39.1M | 7.49% | 504,950 | Common | SOLE |
| 09227Q100 | BLKB | BLACKBAUD INC | $31.5M | 6.03% | 490,754 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $27.5M | 5.27% | 376,786 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $26.3M | 5.04% | 1,700,000 | PUT | NONE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $26.3M | 5.04% | 1,700,000 | Common | SOLE |
| 553498106 | MSA | MSA SAFETY INC | $23.7M | 4.53% | 141,343 | Common | SOLE |
| G5509L101 | LIVN | LIVANOVA PLC | $23.1M | 4.43% | 513,902 | Common | SOLE |
| 05368V106 | AVNT | AVIENT CORPORATION | $21.0M | 4.02% | 649,934 | Common | SOLE |
| 194014502 | ENOV | ENOVIS CORPORATION | $19.4M | 3.70% | 617,149 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.