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Sixth Street Partners, LLC
Alan Waxman · Asset Manager · Multi-Strategy
Sixth Street is a leading global investment firm founded in 2009 by Alan Waxman and a group of former Goldman Sachs professionals. Originally established as a credit platform within TPG (formerly TSSP), it became an independent entity in 2020 and is headquartered in San Francisco. The firm operates more than nine integrated investment platforms, including growth investing, direct lending, special situations, infrastructure, and real estate. Sixth Street is recognized for its flexible capital base and a "One Team" culture that fosters cross-platform collaboration to deliver customized financing solutions to companies across all stages of growth. With over $125 billion in assets under management, the firm employs a thematic approach and data-enabled capabilities to invest globally in both public and private markets, emphasizing downside protection and long-term value creation.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -11.9% |
| YTD return | -7.3% |
| Sharpe ratio | -4.11 |
| Win rate | 17% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 3, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://sixthstreet.com |
Current Holdings
Updated on Sep 3, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CAI | Caris Life Sciences, Inc. Common Stock | 55.6% | -0.8% |
| PCG | PG&E Corp | 28.5% | -12.3% |
| TSLX | Sixth Street Specialty Lending Inc | 5.6% | -6.8% |
| MBC | MasterBrand Inc. | 4.3% | -21.6% |
| CXM | Sprinklr Inc | 3.3% | -7.5% |
| ESNT | Essent Group Ltd | 2.7% | +10.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | CXM | 3.3% → 3.3% |
| Aug 31, 2026 | SELL | TSLX | 5.6% → 5.6% |
| Aug 31, 2026 | SELL | ESNT | 2.7% → 2.7% |
| Aug 31, 2026 | SELL | CAI | 55.6% → 55.6% |
| Aug 31, 2026 | BUY | PCG | 28.5% → 28.5% |
Investment Style Analysis
Sixth Street Partners, LLC is widely recognized for employing a Multi-Strategy strategy. As of Sep 3, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Biotechnology and Utilities - Regulated Electric sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Sixth Street Partners, LLC made a significant move by reducing the position in CXM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Sixth Street’s investment philosophy is based on utilizing long-term flexible capital and a collaborative cross-platform approach to identify thematic opportunities and solve complex financing challenges. The firm operates as a single unified team, leveraging deep domain expertise and data-enabled capabilities to provide creative solutions to management teams across all stages of a company’s lifecycle. Their strategy focuses on fundamental underwriting and a desire to partner with market leaders, aiming to preserve capital while maximizing risk-adjusted returns through diversified exposure to growth equity, credit, and real assets.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Sixth Street Partners, LLC.
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Frequently asked questions
How is the simulated portfolio for Sixth Street Partners, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Sixth Street Partners, LLC's largest holding?
As of the latest filing, Sixth Street Partners, LLC's top position is Caris Life Sciences, Inc. Common Stock (CAI), representing 55.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Sixth Street Partners, LLC's historical performance and risk profile?
Our simulation indicates a total return of -11.9% with a win rate of 17%. Notably, the portfolio maintains a Sharpe Ratio of -4.11, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Sixth Street Partners, LLC primarily invest in?
Sixth Street Partners, LLC has a strong preference for the Biotechnology sector, which makes up 55.6% of their disclosed assets. The portfolio also has exposure to Utilities - Regulated Electric, indicating a specific thematic focus.
Is Sixth Street Partners, LLC's portfolio concentrated or diversified?
Sixth Street Partners, LLC runs a highly concentrated portfolio with 6 disclosed positions. The top 3 holdings alone account for 89.7% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Sixth Street Partners, LLC performed in 2026?
Our AI-simulated model portfolio for Sixth Street Partners, LLC tracks a Year-to-Date (YTD) return of -7.3%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Alan Waxman manage Sixth Street Partners, LLC directly?
Yes, Alan Waxman serves as the key portfolio manager for Sixth Street Partners, LLC, overseeing the investment strategy and final capital allocation decisions.