Iron Triangle Partners LP's Q2 2021 13F: 9 new positions, 10 exits
Form 13F-HR for the quarter ended Jun 30, 2021 · filed Aug 16, 2021 · 26 reported positions · accession 0001172661-21-001699
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | HUMANA INC (HUM) | — | 8.3% | +8.3 pts | +182K sh | new |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 7.6% | — | −7.6 pts | −160K sh | −100% |
| New | CATALENT INC (CTLT) | — | 6.8% | +6.8 pts | +608K sh | new |
| New | WATERS CORP (WAT) | — | 6.1% | +6.1 pts | +170K sh | new |
| Exited | LABORATORY CORP AMER HLDGS (LH) | 5.5% | — | −5.5 pts | −170K sh | −100% |
| New | INTUITIVE SURGICAL INC (ISRG) | — | 5.2% | +5.2 pts | +54,999 sh | new |
| Exited | HAEMONETICS CORP MASS (HAE) | 4.7% | — | −4.7 pts | −330K sh | −100% |
| Exited | SURGERY PARTNERS INC (SGRY) | 4.1% | — | −4.1 pts | −725K sh | −100% |
| New | TENET HEALTHCARE CORP (THC) | — | 3.3% | +3.3 pts | +484K sh | new |
| Increased | GUARDANT HEALTH INC (GH) | 1.9% | 4.5% | +2.5 pts | +250K sh | +250% |
| Increased | ABBVIE INC (ABBV) | 4.1% | 6.2% | +2.1 pts | +233K sh | +78% |
| Reduced | ZIMMER BIOMET HOLDINGS INC (ZBH) | 7.5% | 3.6% | −4.0 pts | −155K sh | −42% |
| Exited | IQVIA HLDGS INC (IQV) | 2.5% | — | −2.5 pts | −100K sh | −100% |
| Exited | NATERA INC (NTRA) | 1.9% | — | −1.9 pts | −150K sh | −100% |
| New | ICON PLC (ICLR) | — | 1.8% | +1.8 pts | +85,000 sh | new |
| Increased | NEVRO CORP (NVRO) | 3.2% | 4.8% | +1.6 pts | +103K sh | +57% |
| Reduced | ENCOMPASS HEALTH CORP (EHC) | 8.1% | 4.5% | −3.5 pts | −211K sh | −27% |
| Exited | EXACT SCIENCES CORP (EXAS) | 1.7% | — | −1.7 pts | −100K sh | −100% |
| Increased | HORIZON THERAPEUTICS PUB L (HZNP) | 5.9% | 6.0% | +0.1 pts | +119K sh | +24% |
| Exited | VERICEL CORP (VCEL) | 1.1% | — | −1.1 pts | −160K sh | −100% |
| New | CANO HEALTH INC (CANO) | — | 1.1% | +1.1 pts | +900K sh | new |
| Increased | OAK STR HEALTH INC (OSH) | 2.4% | 3.2% | +0.8 pts | +186K sh | +53% |
| Increased | IDEXX LABS INC (IDXX) | 2.2% | 3.3% | +1.1 pts | +15,000 sh | +43% |
| Increased | MOLINA HEALTHCARE INC (MOH) | 5.9% | 6.2% | +0.2 pts | +37,213 sh | +19% |
| Exited | OUTSET MED INC (OM) | 0.7% | — | −0.7 pts | −100K sh | −100% |
| Exited | ROYALTY PHARMA PLC (RPRX) | 0.6% | — | −0.6 pts | −100K sh | −100% |
| Reduced | ALIGN TECHNOLOGY INC (ALGN) | 4.8% | 4.1% | −0.7 pts | −5,000 sh | −7% |
| Increased | CHARLES RIV LABS INTL INC (CRL) | 5.2% | 5.6% | +0.5 pts | +7,928 sh | +6% |
| Increased | CONMED CORP (CNMD) | 3.3% | 3.1% | −0.2 pts | +17,204 sh | +9% |
| Reduced | PULMONX CORP (LUNG) | 3.5% | 2.5% | −1.0 pts | −50,000 sh | −8% |
| New | STEREOTAXIS INC (STXS) | — | 0.2% | +0.2 pts | +193K sh | new |
| Increased | PACIFIC BIOSCIENCES CALIF IN (PACB) | 4.0% | 3.5% | −0.4 pts | +40,440 sh | +4% |
| Reduced | ORION ACQUISITION CORP (OHPAU) | 1.4% | 1.0% | −0.4 pts | −93,915 sh | −9% |
| New | OLINK HLDG AB (OLK) | — | 0.1% | +0.1 pts | +25,000 sh | new |
| Reduced | ENVISTA HOLDINGS CORPORATION (NVST) | 4.7% | 4.0% | −0.7 pts | −10,000 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 — 59.6% of the equity book
Changes in the top 10 this quarter: HUM entered · CTLT entered · ABBV entered · WAT entered · ISRG entered · NVRO entered · UNH left · ZBH left · LH left · ALGN left · NVST left · HAE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HUMANA INC (HUM) | 0.0% | 8.3% | Entered the top 10 |
| 2 | CATALENT INC (CTLT) | 0.0% | 6.8% | Entered the top 10 |
| 3 | MOLINA HEALTHCARE INC (MOH) | 5.9% | 6.2% | |
| 4 | ABBVIE INC (ABBV) | 4.1% | 6.2% | Entered the top 10 |
| 5 | WATERS CORP (WAT) | 0.0% | 6.1% | Entered the top 10 |
| 6 | HORIZON THERAPEUTICS PUB L (HZNP) | 5.9% | 6.0% | |
| 7 | CHARLES RIV LABS INTL INC (CRL) | 5.2% | 5.6% | |
| 8 | INTUITIVE SURGICAL INC (ISRG) | 0.0% | 5.2% | Entered the top 10 |
| 9 | NEVRO CORP (NVRO) | 3.2% | 4.8% | Entered the top 10 |
| 10 | ENCOMPASS HEALTH CORP (EHC) | 8.1% | 4.5% | |
| — | UNITEDHEALTH GROUP INC (UNH) | 7.6% | 0.0% | Left the top 10 |
| — | ZIMMER BIOMET HOLDINGS INC (ZBH) | 7.5% | 3.6% | Left the top 10 |
| — | LABORATORY CORP AMER HLDGS (LH) | 5.5% | 0.0% | Left the top 10 |
| — | ALIGN TECHNOLOGY INC (ALGN) | 4.8% | 4.1% | Left the top 10 |
| — | ENVISTA HOLDINGS CORPORATION (NVST) | 4.7% | 4.0% | Left the top 10 |
| — | HAEMONETICS CORP MASS (HAE) | 4.7% | 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).