Iron Triangle Partners LP's Q1 2021 13F: 8 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2021 · filed May 17, 2021 · 27 reported positions · accession 0001172661-21-001204
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | EXACT SCIENCES CORP (EXAS) | 9.3% | 1.7% | −7.6 pts | −400K sh | −80% |
| Exited | HCA HEALTHCARE INC (HCA) | 6.5% | — | −6.5 pts | −280K sh | −100% |
| New | LABORATORY CORP AMER HLDGS (LH) | — | 5.5% | +5.5 pts | +170K sh | new |
| New | ALIGN TECHNOLOGY INC (ALGN) | — | 4.8% | +4.8 pts | +70,000 sh | new |
| New | ABBVIE INC (ABBV) | — | 4.1% | +4.1 pts | +300K sh | new |
| Exited | DEXCOM INC (DXCM) | 3.9% | — | −3.9 pts | −75,000 sh | −100% |
| New | PULMONX CORP (LUNG) | — | 3.5% | +3.5 pts | +600K sh | new |
| Reduced | VERICEL CORP (VCEL) | 2.5% | 1.1% | −1.4 pts | −420K sh | −72% |
| Increased | ENCOMPASS HEALTH CORP (EHC) | 5.8% | 8.1% | +2.3 pts | +275K sh | +55% |
| Exited | HERON THERAPEUTICS INC (HRTX) | 2.6% | — | −2.6 pts | −865K sh | −100% |
| New | OAK STR HEALTH INC (OSH) | — | 2.4% | +2.4 pts | +350K sh | new |
| Exited | CATALENT INC (CTLT) | 2.3% | — | −2.3 pts | −160K sh | −100% |
| Exited | DAVITA INC (DVA) | 2.3% | — | −2.3 pts | −140K sh | −100% |
| New | IDEXX LABS INC (IDXX) | — | 2.2% | +2.2 pts | +35,000 sh | new |
| Reduced | HORIZON THERAPEUTICS PUB L (HZNP) | 6.7% | 5.9% | −0.8 pts | −150K sh | −23% |
| Exited | OWENS & MINOR INC NEW (OMI) | 1.7% | — | −1.7 pts | −454K sh | −100% |
| New | DERMTECH INC (DMTK) | — | 1.6% | +1.6 pts | +250K sh | new |
| Increased | MOLINA HEALTHCARE INC (MOH) | 4.5% | 5.9% | +1.5 pts | +50,000 sh | +33% |
| New | ORION ACQUISITION CORP (OHPAU) | — | 1.4% | +1.4 pts | +1.1M sh | new |
| Increased | UNITEDHEALTH GROUP INC (UNH) | 6.5% | 7.6% | +1.1 pts | +27,558 sh | +21% |
| Reduced | GUARDANT HEALTH INC (GH) | 3.0% | 1.9% | −1.1 pts | −66,000 sh | −40% |
| Reduced | SURGERY PARTNERS INC (SGRY) | 3.7% | 4.1% | +0.3 pts | −194K sh | −21% |
| Reduced | IQVIA HLDGS INC (IQV) | 3.6% | 2.5% | −1.1 pts | −43,020 sh | −30% |
| Increased | CONMED CORP (CNMD) | 2.3% | 3.3% | +1.0 pts | +51,683 sh | +35% |
| Increased | HAEMONETICS CORP MASS (HAE) | 4.6% | 4.7% | +0.1 pts | +54,547 sh | +20% |
| Increased | PACIFIC BIOSCIENCES CALIF IN (PACB) | 2.9% | 4.0% | +1.1 pts | +136K sh | +17% |
| Reduced | OUTSET MED INC (OM) | 1.2% | 0.7% | −0.5 pts | −50,000 sh | −33% |
| Increased | NEVRO CORP (NVRO) | 4.1% | 3.2% | −0.9 pts | +11,239 sh | +7% |
| Increased | ENVISTA HOLDINGS CORPORATION (NVST) | 4.3% | 4.7% | +0.5 pts | +9,313 sh | +1% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 59.8% of the equity book
Changes in the top 10 this quarter: LH entered · ALGN entered · EXAS left · HCA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ENCOMPASS HEALTH CORP (EHC) | 5.8% | 8.1% | |
| 2 | UNITEDHEALTH GROUP INC (UNH) | 6.5% | 7.6% | |
| 3 | ZIMMER BIOMET HOLDINGS INC (ZBH) | 8.0% | 7.5% | |
| 4 | MOLINA HEALTHCARE INC (MOH) | 4.5% | 5.9% | |
| 5 | HORIZON THERAPEUTICS PUB L (HZNP) | 6.7% | 5.9% | |
| 6 | LABORATORY CORP AMER HLDGS (LH) | 0.0% | 5.5% | Entered the top 10 |
| 7 | CHARLES RIV LABS INTL INC (CRL) | 4.9% | 5.2% | |
| 8 | ALIGN TECHNOLOGY INC (ALGN) | 0.0% | 4.8% | Entered the top 10 |
| 9 | ENVISTA HOLDINGS CORPORATION (NVST) | 4.3% | 4.7% | |
| 10 | HAEMONETICS CORP MASS (HAE) | 4.6% | 4.7% | |
| — | EXACT SCIENCES CORP (EXAS) | 9.3% | 1.7% | Left the top 10 |
| — | HCA HEALTHCARE INC (HCA) | 6.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | ISHARES TR (IWM) | Put | 300K | 0 | $0 |