Iron Triangle Partners LP's Q4 2021 13F: 7 new positions, 8 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 25 reported positions · accession 0001172661-22-000921
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | HUMANA INC (HUM) | 8.8% | — | −8.8 pts | −158K sh | −100% |
| New | DAVITA INC (DVA) | — | 7.1% | +7.1 pts | +450K sh | new |
| Reduced | HORIZON THERAPEUTICS PUB L (HZNP) | 9.0% | 3.6% | −5.5 pts | −337K sh | −59% |
| New | NANOSTRING TECHNOLOGIES INC (NSTG) | — | 4.4% | +4.4 pts | +750K sh | new |
| New | UNITEDHEALTH GROUP INC (UNH) | — | 4.2% | +4.2 pts | +60,000 sh | new |
| New | SURGERY PARTNERS INC (SGRY) | — | 4.0% | +4.0 pts | +544K sh | new |
| New | ICU MED INC (ICUI) | — | 3.8% | +3.8 pts | +115K sh | new |
| Increased | GUARDANT HEALTH INC (GH) | 3.4% | 6.1% | +2.7 pts | +250K sh | +132% |
| Reduced | HOLOGIC INC (HOLX) | 6.4% | 3.0% | −3.4 pts | −320K sh | −53% |
| Exited | HCA HEALTHCARE INC (HCA) | 3.4% | — | −3.4 pts | −97,165 sh | −100% |
| Exited | BOSTON SCIENTIFIC CORP (BSX) | 3.1% | — | −3.1 pts | −500K sh | −100% |
| Exited | TENET HEALTHCARE CORP (THC) | 3.0% | — | −3.0 pts | −318K sh | −100% |
| Increased | UNITED THERAPEUTICS CORP DEL (UTHR) | 1.9% | 5.1% | +3.3 pts | +100K sh | +143% |
| Reduced | ABBVIE INC (ABBV) | 6.1% | 4.7% | −1.4 pts | −143K sh | −36% |
| Increased | ACADIA HEALTHCARE COMPANY IN (ACHC) | 2.9% | 5.3% | +2.4 pts | +311K sh | +97% |
| Exited | ASTRAZENECA PLC (AZN) | 2.6% | — | −2.6 pts | −300K sh | −100% |
| Reduced | ENVISTA HOLDINGS CORPORATION (NVST) | 8.8% | 6.7% | −2.2 pts | −409K sh | −28% |
| New | ADAPTHEALTH CORP (AHCO) | — | 2.4% | +2.4 pts | +700K sh | new |
| New | LABORATORY CORP AMER HLDGS (LH) | — | 2.2% | +2.2 pts | +50,000 sh | new |
| Exited | INTUITIVE SURGICAL INC (ISRG) | 2.1% | — | −2.1 pts | −15,000 sh | −100% |
| Increased | SOMALOGIC INC (SLGC) | 0.6% | 2.3% | +1.8 pts | +1.12M sh | +351% |
| Increased | CHARLES RIV LABS INTL INC (CRL) | 2.2% | 3.7% | +1.5 pts | +32,596 sh | +87% |
| Exited | REVANCE THERAPEUTICS INC (RVNC) | 1.3% | — | −1.3 pts | −330K sh | −100% |
| Reduced | THERMO FISHER SCIENTIFIC INC (TMO) | 2.9% | 2.2% | −0.6 pts | −11,000 sh | −31% |
| Increased | CATALENT INC (CTLT) | 5.0% | 5.6% | +0.7 pts | +56,661 sh | +22% |
| Reduced | ICON PLC (ICLR) | 4.9% | 4.7% | −0.1 pts | −20,000 sh | −15% |
| Reduced | CONMED CORP (CNMD) | 3.6% | 3.0% | −0.6 pts | −40,223 sh | −21% |
| Exited | OLINK HLDG AB (OLK) | 0.7% | — | −0.7 pts | −200K sh | −100% |
| Reduced | MOLINA HEALTHCARE INC (MOH) | 4.3% | 4.3% | 0.0 pts | −12,968 sh | −12% |
| Increased | ALIGN TECHNOLOGY INC (ALGN) | 3.3% | 3.7% | +0.3 pts | +5,000 sh | +14% |
| Increased | NEVRO CORP (NVRO) | 6.7% | 4.8% | −2.0 pts | +18,836 sh | +5% |
| Reduced | STEREOTAXIS INC (STXS) | 1.5% | 1.6% | 0.0 pts | −166K sh | −8% |
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 — 54.7% of the equity book
Changes in the top 10 this quarter: DVA entered · GH entered · ACHC entered · UTHR entered · NSTG entered · HZNP left · HUM left · HOLX left · MOH left · CNMD left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | DAVITA INC (DVA) | 0.0% | 7.1% | Entered the top 10 |
| 2 | ENVISTA HOLDINGS CORPORATION (NVST) | 8.8% | 6.7% | |
| 3 | GUARDANT HEALTH INC (GH) | 3.4% | 6.1% | Entered the top 10 |
| 4 | CATALENT INC (CTLT) | 5.0% | 5.6% | |
| 5 | ACADIA HEALTHCARE COMPANY IN (ACHC) | 2.9% | 5.3% | Entered the top 10 |
| 6 | UNITED THERAPEUTICS CORP DEL (UTHR) | 1.9% | 5.1% | Entered the top 10 |
| 7 | NEVRO CORP (NVRO) | 6.7% | 4.8% | |
| 8 | ICON PLC (ICLR) | 4.9% | 4.7% | |
| 9 | ABBVIE INC (ABBV) | 6.1% | 4.7% | |
| 10 | NANOSTRING TECHNOLOGIES INC (NSTG) | 0.0% | 4.4% | Entered the top 10 |
| — | HORIZON THERAPEUTICS PUB L (HZNP) | 9.0% | 3.6% | Left the top 10 |
| — | HUMANA INC (HUM) | 8.8% | 0.0% | Left the top 10 |
| — | HOLOGIC INC (HOLX) | 6.4% | 3.0% | Left the top 10 |
| — | MOLINA HEALTHCARE INC (MOH) | 4.3% | 4.3% | Left the top 10 |
| — | CONMED CORP (CNMD) | 3.6% | 3.0% | 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).