Institutional Manager · CIK 0001698661

Snow Phipps Group, LLC

New York, NY · File #028-20701

Latest AUM

$350.7M

Positions

Top-10 Concentration

100.0%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	Laureate Education Inc	LAUR	+2,025	+$68,182	+$4.6M
REDUCE	Velocity Financial Inc	92262D101	0	$0	+$35.0M

Sector Allocation

Consumer Staples

20.9%$73.5M

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 20252 pos · $350.7M
Oct 15, 202513F HOLDINGS REPORTQ/E Sep 20252 pos · $311.0M
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 20252 pos · $298.5M
Apr 10, 202513F HOLDINGS REPORTQ/E Mar 20252 pos · $294.3M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 20242 pos · $289.4M
Oct 8, 202413F HOLDINGS REPORTQ/E Sep 20242 pos · $285.4M
Jul 18, 202413F HOLDINGS REPORTQ/E Jun 20242 pos · $260.3M
Apr 17, 202413F HOLDINGS REPORTQ/E Mar 20242 pos · $290.9M
Oct 25, 202313F HOLDINGS REPORTQ/E Dec 20232 pos · $208.5M

Top 2 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Velocity Financial Inc	92262D101	13,353,103	$277.2M	79.04%
2	Laureate Education Inc	LAUR	2,182,658	$73.5M	20.96%