# EDGAR Filing Document

**Accession Number:** 0001534259
**File Stem:** 0001213900-25-108375
**Filing Date:** 2025-11
**Character Count:** 7749
**Document Hash:** c7745a70c1429f092ce5ce286dc4ea25
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-108375.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001213900-25-108375

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251110

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Partners Group Holding AG
- **CENTRAL INDEX KEY:** 0001534259

**ORGANIZATION NAME:**
- **EIN:** 981079112
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15051
- **FILM NUMBER:** 251467696

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNTERNEHMER-PARK 3
- **CITY:** BAAR-ZUG
- **PROVINCE COUNTRY:** V8
- **ZIP:** 6340
- **BUSINESS PHONE:** 41 41 784 6000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNTERNEHMER-PARK 3
- **CITY:** BAAR-ZUG
- **PROVINCE COUNTRY:** V8
- **ZIP:** 6340

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Partners Group Holding AG<br>**Address:** Unternehmer-Park 3<br>BAAR-ZUG, V8 6340

**Form 13F File Number:** 028-15051

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andreas Knecht<br>**Title:** Group General Counsel<br>**Phone:** 414-17846000

**Signature, Place, and Date of Signing:**

/s/ Andreas Knecht  Zug, V8  11-10-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 38

**Form 13F Information Table Value Total:** $1801052565

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADT Inc | Common Stock | 00090Q103 |  | 9706014 | 1114353 | SH |  | DFND |  | 1114353 | 0 | 0 |
| American Tower Corp | REIT | 03027X100 |  | 60240586 | 313231 | SH |  | DFND |  | 313231 | 0 | 0 |
| American Water Works Co Inc | Common Stock | 030420103 |  | 50204024 | 360687 | SH |  | DFND |  | 360687 | 0 | 0 |
| Apollo Global Management Inc | Common Stock | 03769M106 |  | 87899961 | 659563 | SH |  | DFND |  | 659563 | 0 | 0 |
| ArcBest Corp | Common Stock | 03937C105 |  | 10304148 | 147476 | SH |  | DFND |  | 147476 | 0 | 0 |
| Ares Capital Corp | Common Stock | 04010L103 |  | 36067613 | 1767154 | SH |  | DFND |  | 1767154 | 0 | 0 |
| Ares Management Corp | Common Stock | 03990B101 |  | 57835890 | 361723 | SH |  | DFND |  | 361723 | 0 | 0 |
| Atmos Energy Corp | Common Stock | 049560105 |  | 46390897 | 271689 | SH |  | DFND |  | 271689 | 0 | 0 |
| Blackstone Inc | Common Stock | 09260D107 |  | 53770083 | 314721 | SH |  | DFND |  | 314721 | 0 | 0 |
| Blue Owl Capital Inc | Common Stock | 09581B103 |  | 32846824 | 1940155 | SH |  | DFND |  | 1940155 | 0 | 0 |
| Brookfield Corp | Common Stock | 11271J107 |  | 66422850 | 968546 | SH |  | DFND |  | 968546 | 0 | 0 |
| Canadian National Railway Co | Common Stock | 136375102 |  | 28876917 | 307025 | SH |  | DFND |  | 307025 | 0 | 0 |
| Clarivate PLC | Common Stock | G21810909 |  | 97983116 | 25583059 | SH |  | DFND |  | 25583059 | 0 | 0 |
| CMS Energy Corp | Common Stock | 125896100 |  | 39168019 | 534644 | SH |  | DFND |  | 534644 | 0 | 0 |
| Crown Castle Inc | REIT | 22822V101 |  | 24380225 | 252671 | SH |  | DFND |  | 252671 | 0 | 0 |
| CSX Corp | Common Stock | 126408103 |  | 33923520 | 955323 | SH |  | DFND |  | 955323 | 0 | 0 |
| Enbridge Inc | Common Stock | 29250N105 |  | 14479358 | 287766 | SH |  | DFND |  | 287766 | 0 | 0 |
| Energy Transfer LP | MLP | 29273V100 |  | 442900 | 25810 | SH |  | DFND |  | 25810 | 0 | 0 |
| Enterprise Products Partners L | MLP | 293792107 |  | 604261 | 19324 | SH |  | DFND |  | 19324 | 0 | 0 |
| Equinix Inc | REIT | 29444U700 |  | 35320991 | 45096 | SH |  | DFND |  | 45096 | 0 | 0 |
| Ferrovial SE | Common Stock | N3168P101 |  | 28490820 | 498563 | SH |  | DFND |  | 498563 | 0 | 0 |
| Kinder Morgan Inc | Common Stock | 49456B101 |  | 5694500 | 201148 | SH |  | DFND |  | 201148 | 0 | 0 |
| KinderCare Learning Cos Inc | Common Stock | 49456W105 |  | 540620407 | 81418736 | SH |  | DFND |  | 81418736 | 0 | 0 |
| KKR  Co Inc | Common Stock | 48251W104 |  | 55853550 | 429808 | SH |  | DFND |  | 429808 | 0 | 0 |
| Life Time Group Holdings Inc | Common Stock | 53190C102 |  | 7666645 | 277777 | SH |  | DFND |  | 277777 | 0 | 0 |
| NeueHealth Inc | Common Stock | 10920V404 |  | 591262 | 88645 | SH |  | DFND |  | 88645 | 0 | 0 |
| NU Holdings Ltd/Cayman Islands | Common Stock | G6683N103 |  | 76794943 | 4796686 | SH |  | DFND |  | 4796686 | 0 | 0 |
| Old Dominion Freight Line Inc | Common Stock | 679580100 |  | 20007231 | 142117 | SH |  | DFND |  | 142117 | 0 | 0 |
| Pembina Pipeline Corp | Common Stock | 706327103 |  | 373824 | 9270 | SH |  | DFND |  | 9270 | 0 | 0 |
| Republic Services Inc | Common Stock | 760759100 |  | 44651989 | 194579 | SH |  | DFND |  | 194579 | 0 | 0 |
| SBA Communications Corp | REIT | 78410G104 |  | 24130467 | 124802 | SH |  | DFND |  | 124802 | 0 | 0 |
| Sempra | Common Stock | 816851109 |  | 33836259 | 376042 | SH |  | DFND |  | 376042 | 0 | 0 |
| TC Energy Corp | Common Stock | 87807B107 |  | 22968580 | 423545 | SH |  | DFND |  | 423545 | 0 | 0 |
| TPG Inc | Common Stock | 872657101 |  | 27618513 | 480740 | SH |  | DFND |  | 480740 | 0 | 0 |
| Union Pacific Corp | Common Stock | 907818108 |  | 44130515 | 186701 | SH |  | DFND |  | 186701 | 0 | 0 |
| Waste Management Inc | Common Stock | 94106L109 |  | 33258323 | 150606 | SH |  | DFND |  | 150606 | 0 | 0 |
| Williams Cos Inc/The | Common Stock | 969457100 |  | 41483417 | 654829 | SH |  | DFND |  | 654829 | 0 | 0 |
| XPO Inc | Common Stock | 983793100 |  | 6013123 | 46516 | SH |  | DFND |  | 46516 | 0 | 0 |

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