Leonard Green & Partners Q2 Portfolio Shift: Major Sale in Life Time Holdings Inc (LTH)

Leonard Green & Partners, L.P. (LGP), a prominent investor on Insiderset's watchlist, saw notable shifts within their portfolio during the second quarter ending June 30th, 2026.

The fund maintained a concentrated position primarily in the Consumer Cyclical sector, with all its holdings falling under this category. The total portfolio value stood at $683 million as of that date.

Significant Reduction in Life Time Holdings Inc (LTH)

A major change occurred concerning Life Time Group Holdings Inc, ticker symbol LTH. The fund disposed of a significant portion of its shares, resulting in an 80% reduction from the previous quarter's holdings.

This translates to a decrease of -13,878,358 shares and a corresponding value reduction of $450 million (down -$450.37m). The change percentage was substantial at -55.72%, indicating a deliberate exit strategy from this stock.

The sale effectively reduced LTH's portfolio allocation percentage by approximately 18%. Before the sale, LTH represented about 46.8% of LGP's holdings; after accounting for this large reduction, its weight decreased significantly.

Stable Position in Williams Sonoma Inc (WSM)

In contrast to the volatility surrounding LTH, the fund held onto its position in Williams-Sonoma Inc, symbol WSM.

There was no change reported for WSM during this quarter. The investor maintained exactly 1,000,000 shares of Williams-Sonoma stock, which valued the position at $233 million as of June 30th.

This stable holding accounted for a substantial allocation within LGP's portfolio, representing approximately 24.2% according to their disclosed data.

Overall Portfolio Changes

The overall composition saw the fund reduce its total holdings from Q1 significantly due to the large sale of LTH shares.

No other changes were reported in the portfolio during this period. The holding count remained at one, indicating a very concentrated strategy focused solely on Consumer Cyclicals.

The top five holdings by weight accounted for 71.03% of the total portfolio value as of June 30th, highlighting LGP's reliance on their largest positions.

Key Activity Summary

In summary, during Q2 2026:

• LTH: Experienced a major sale by LGP. The fund sold shares resulting in an approximate 55% reduction from the previous quarter's count and value.
• WSM: Remained unchanged, maintaining its position with no share or value adjustments reported.

LGP also continued to exit positions during this period. The filing indicates that "has_large_sells" was true for the quarter, reflecting their significant reduction in LTH shares.