Iron Triangle Partners LP's Q3 2021 13F: 9 new positions, 9 exits
Form 13F-HR for the quarter ended Sep 30, 2021 · filed Nov 15, 2021 · 26 reported positions · accession 0001172661-21-002271
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | CATALENT INC (CTLT) | 6.8% | 5.0% | −1.8 pts | −348K sh | −57% |
| Reduced | CHARLES RIV LABS INTL INC (CRL) | 5.6% | 2.2% | −3.4 pts | −111K sh | −75% |
| New | HOLOGIC INC (HOLX) | — | 6.4% | +6.4 pts | +600K sh | new |
| Exited | WATERS CORP (WAT) | 6.1% | — | −6.1 pts | −170K sh | −100% |
| Reduced | INTUITIVE SURGICAL INC (ISRG) | 5.2% | 2.1% | −3.1 pts | −39,999 sh | −73% |
| Reduced | MOLINA HEALTHCARE INC (MOH) | 6.2% | 4.3% | −1.9 pts | −126K sh | −53% |
| Exited | ENCOMPASS HEALTH CORP (EHC) | 4.5% | — | −4.5 pts | −564K sh | −100% |
| Exited | ZIMMER BIOMET HOLDINGS INC (ZBH) | 3.6% | — | −3.6 pts | −215K sh | −100% |
| Exited | PACIFIC BIOSCIENCES CALIF IN (PACB) | 3.5% | — | −3.5 pts | −976K sh | −100% |
| Increased | ENVISTA HOLDINGS CORPORATION (NVST) | 4.0% | 8.8% | +4.8 pts | +569K sh | +63% |
| New | HCA HEALTHCARE INC (HCA) | — | 3.4% | +3.4 pts | +97,165 sh | new |
| Exited | IDEXX LABS INC (IDXX) | 3.3% | — | −3.3 pts | −50,000 sh | −100% |
| Exited | OAK STR HEALTH INC (OSH) | 3.2% | — | −3.2 pts | −536K sh | −100% |
| New | BOSTON SCIENTIFIC CORP (BSX) | — | 3.1% | +3.1 pts | +500K sh | new |
| New | ACADIA HEALTHCARE COMPANY IN (ACHC) | — | 2.9% | +2.9 pts | +321K sh | new |
| Reduced | GUARDANT HEALTH INC (GH) | 4.5% | 3.4% | −1.1 pts | −160K sh | −46% |
| New | THERMO FISHER SCIENTIFIC INC (TMO) | — | 2.9% | +2.9 pts | +35,000 sh | new |
| Reduced | ALIGN TECHNOLOGY INC (ALGN) | 4.1% | 3.3% | −0.7 pts | −30,000 sh | −46% |
| New | ASTRAZENECA PLC (AZN) | — | 2.6% | +2.6 pts | +300K sh | new |
| Exited | PULMONX CORP (LUNG) | 2.5% | — | −2.5 pts | −550K sh | −100% |
| Reduced | ABBVIE INC (ABBV) | 6.2% | 6.1% | −0.1 pts | −139K sh | −26% |
| Increased | NEVRO CORP (NVRO) | 4.8% | 6.7% | +1.9 pts | +121K sh | +43% |
| New | UNITED THERAPEUTICS CORP DEL (UTHR) | — | 1.9% | +1.9 pts | +70,000 sh | new |
| Increased | ICON PLC (ICLR) | 1.8% | 4.9% | +3.1 pts | +45,000 sh | +53% |
| Reduced | TENET HEALTHCARE CORP (THC) | 3.3% | 3.0% | −0.3 pts | −166K sh | −34% |
| Increased | STEREOTAXIS INC (STXS) | 0.2% | 1.5% | +1.3 pts | +1.8M sh | +933% |
| Reduced | HUMANA INC (HUM) | 8.3% | 8.8% | +0.5 pts | −23,869 sh | −13% |
| New | REVANCE THERAPEUTICS INC (RVNC) | — | 1.3% | +1.3 pts | +330K sh | new |
| Exited | CANO HEALTH INC (CANO) | 1.1% | — | −1.1 pts | −900K sh | −100% |
| Exited | DERMTECH INC (DMTK) | 1.1% | — | −1.1 pts | −250K sh | −100% |
| Reduced | HORIZON THERAPEUTICS PUB L (HZNP) | 6.0% | 9.0% | +3.1 pts | −44,106 sh | −7% |
| Increased | OLINK HLDG AB (OLK) | 0.1% | 0.7% | +0.6 pts | +175K sh | +700% |
| New | SOMALOGIC INC (SLGC) | — | 0.6% | +0.6 pts | +319K sh | new |
| Reduced | CONMED CORP (CNMD) | 3.1% | 3.6% | +0.5 pts | −27,204 sh | −13% |
| Increased | ORION ACQUISITION CORP (OHPAU) | 1.0% | 1.4% | +0.4 pts | +144 sh | 0% |
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 — 63.6% of the equity book
Changes in the top 10 this quarter: NVST entered · HOLX entered · ICLR entered · CNMD entered · WAT left · CRL left · ISRG left · EHC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HORIZON THERAPEUTICS PUB L (HZNP) | 6.0% | 9.0% | |
| 2 | ENVISTA HOLDINGS CORPORATION (NVST) | 4.0% | 8.8% | Entered the top 10 |
| 3 | HUMANA INC (HUM) | 8.3% | 8.8% | |
| 4 | NEVRO CORP (NVRO) | 4.8% | 6.7% | |
| 5 | HOLOGIC INC (HOLX) | 0.0% | 6.4% | Entered the top 10 |
| 6 | ABBVIE INC (ABBV) | 6.2% | 6.1% | |
| 7 | CATALENT INC (CTLT) | 6.8% | 5.0% | |
| 8 | ICON PLC (ICLR) | 1.8% | 4.9% | Entered the top 10 |
| 9 | MOLINA HEALTHCARE INC (MOH) | 6.2% | 4.3% | |
| 10 | CONMED CORP (CNMD) | 3.1% | 3.6% | Entered the top 10 |
| — | WATERS CORP (WAT) | 6.1% | 0.0% | Left the top 10 |
| — | CHARLES RIV LABS INTL INC (CRL) | 5.6% | 2.2% | Left the top 10 |
| — | INTUITIVE SURGICAL INC (ISRG) | 5.2% | 2.1% | Left the top 10 |
| — | ENCOMPASS HEALTH CORP (EHC) | 4.5% | 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).