Private Equity Stocks
Top 10 of 66 PSP holdings, updated
As of 12 October 2026, private equity stocks are losing ground: still ahead of the S&P 500 over the longer run, but behind over the past month. PSP trails the S&P 500 by 7.7 points over one month and ranks #88 of 115 groups Zensei tracks. 19 of the 29 private equity stocks Zensei prices in PSP beat the fund this month.
Where private equity stocks stand now
As of 12 October 2026, Private Equity (PSP) ranks #88 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is losing its lead. It built a 2.6-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 7.7 points behind the market — the Cooling quadrant of the rotation map.
On the shorter tape, PSP's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. PSP's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Invesco Global Listed Private Equity ETF, whose 66 tracked holdings are led by 3i Group, Tpg Inc and Blackstone Inc. Weighted by portfolio, the fund's holdings trade at roughly 19.2× earnings. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
Top private equity stocks right now
The largest private equity stocks by weight in PSP, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of PSP
- 13i Group5.9%
- 2Tpg IncTPG5.4%
- 3Blackstone IncBX5.1%
- 4Kkr & Co IncKKR5.0%
- 5Sofina SA4.7%
Strongest this month
1-month return, holdings Zensei prices
- 1n/aPAX+11.8%
- 2n/aGHC+3.5%
- 3Cannae Holdings IncCNNE+2.9%
- 4n/aBBUC+1.7%
- 5Ridgepost Capital IncRPC+1.2%
Private Equity Stocks vs the S&P 500
Over the week to 12 October 2026, PSP rose 0.9% while the S&P 500 rose 0.4%. PSP and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means PSP won that window.
Prices as of · computed from daily adjusted closes · how we measure
Private Equity on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are private equity stocks expensive?
The price-to-earnings ratio of PSP as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
PSP holdings: the private equity stocks inside
As of 12 October 2026, 19 of the 29 private equity stocks Zensei prices in PSP beat the fund over the past month. 3 of them beat the S&P 500. The strongest is n/a (PAX); the weakest is Neostellar Capital Corp (NSLR). Inside the fund, the holdings move close to the sector.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | 3i Group | 5.9% | — | — | No price data | ||
| 2 | TPGTpg Inc | 5.4% | −5.4% | +7.4% | +0.2 pts | Cruising | Broken |
| 3 | BXBlackstone Inc | 5.1% | −10.7% | −5.1% | −5.1 pts | Weak | Broken |
| 4 | KKRKkr & Co Inc | 5.0% | −9.5% | −5.4% | −3.8 pts | Weak | Broken |
| 5 | Sofina SA | 4.7% | — | — | No price data | ||
| 6 | Eqt AB | 4.6% | — | — | No price data | ||
| 7 | Hal Trust | 4.6% | — | — | No price data | ||
| 8 | OWLn/a | 4.5% | −11.6% | +2.4% | |||
| 9 | Cvc Capital Partners PLC | 4.3% | — | — | No price data | ||
| 10 | Partners Group Holding AG | 4.1% | — | — | No price data | ||
All 66 PSP holdings by weight: 3i Group 5.9%, Tpg Inc (TPG) 5.4%, Blackstone Inc (BX) 5.1%, Kkr & Co Inc (KKR) 5.0%, Sofina SA 4.7%, Eqt AB 4.6%, Hal Trust 4.6%, n/a (OWL) 4.5%, Cvc Capital Partners PLC 4.3%, Partners Group Holding AG 4.1%, Ares Capital Corp (ARCC) 3.2%, The Carlyle Group Inc (CG) 2.9%, Onex Corp Shs Subord.Voting 2.6%, Rosebank Industries PLC 2.5%, Eurazeo SE 2.1%, n/a (GHC) 2.1%, n/a (BBUC) 1.9%, n/a (STEP) 1.8%, Hgcapital Trust 1.8%, Hamilton Lane Inc (HLNE) 1.8%, Sonae Sgps SA 1.7%, Bridgepoint Group PLC 1.7%, Wendel SE 1.7%, Pantheon International 1.4%, Kinnevik AB 1.2%, Schiehallion Fund 1.2%, Molten Ventures 1.1%, Main Street Capital Corp (MAIN) 1.0%, Gimv NV 0.9%, Blue Owl Capital Corp (OBDC) 0.9%, Blue Owl Technology Finance Corp (OTF) 0.9%, Georgia Capital PLC 0.8%, Ratos AB 0.8%, n/a (BXSL) 0.7%, Oakley Capital Investments 0.7%, n/a (PAX) 0.7%, Hbm Healthcare Investments AG 0.7%, Hercules Capital Inc (HTGC) 0.5%, Fs Kkr Capital Corp (FSK) 0.5%, Seraphim Space Investment Trust 0.5%, Jafco Group Co Ltd 0.5%, Compass Diversified Holdings (CODI) 0.5%, Gladstone Investment Corp (GAIN) 0.5%, Ridgepost Capital Inc (RPC) 0.5%, Ip Group PLC 0.5%, Neuberger Pvt Eq Partners 0.5%, Golub Capital BDC Inc (GBDC) 0.4%, Mutares SE & Co Kgaa 0.4%, Italmobiliare SPA 0.4%, Destiny Tech100 Inc (DXYZ) 0.4%, Partners Group Private Equity 0.4%, Woori Technology Investment Co Ltd 0.3%, Syncona 0.3%, Cannae Holdings Inc (CNNE) 0.3%, Trinity Capital Inc (TRIN) 0.3%, Oaktree Specialty Lending Corp BDC (OCSL) 0.3%, Goldman Sachs BDC Inc (GSBD) 0.3%, Capital Southwest Corp (CSWC) 0.2%, Sixth Street Specialty Lending Inc (TSLX) 0.2%, Integral Corp 0.2%, Chrysalis Investments Limited 0.2%, Deutsche Beteiligungs AG 0.2%, Neostellar Capital Corp (NSLR) 0.2%, Stack Capital Group Inc 0.1%, Invesco Shrt-Trm Inv Gov&agcy Instl (AGPXX) 0.1%, Great British Pound 0.0%.
Private Equity Stocks: common questions
What are the top 3 private equity stocks?
As of 12 October 2026, the three largest private equity stocks in PSP by fund weight are 3i Group (5.9%), Tpg Inc (TPG) (5.4%) and Blackstone Inc (BX) (5.1%). Fund weight shows size inside the fund, not a recommendation.
Which private equity stocks are beating the sector?
As of 12 October 2026, 19 of the 29 private equity stocks Zensei prices in PSP beat the fund over the past month. The strongest over the past month is n/a (PAX). The list above shows every holding with its weight and returns.
Are private equity stocks outperforming the S&P 500?
No. As of 12 October 2026, PSP trails the S&P 500 by 7.7 points over the past month.
Is it a good time to invest in private equity stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, private equity stocks are ahead of the S&P 500 over the longer window but behind over the past month, a fading lead. The rotation map and the read on this page show whether that trend is building or fading.
What is PSP?
PSP is Invesco Global Listed Private Equity ETF. Zensei uses it to measure private equity stocks against the S&P 500 (SPY).
What stocks does PSP own?
As of 12 October 2026, the largest of the 66 positions Zensei tracks in PSP are 3i Group, Tpg Inc, Blackstone Inc, Kkr & Co Inc, Sofina SA. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is private equity in right now?
As of 12 October 2026, private equity is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: losing ground
Related sectors
Track private equity against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.