Iron Triangle Partners LP's Q1 2022 13F: 8 new positions, 5 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 28 reported positions · accession 0001172661-22-001384
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | DAVITA INC (DVA) | 7.1% | — | −7.1 pts | −450K sh | −100% |
| New | ILLUMINA INC (ILMN) | — | 4.6% | +4.6 pts | +110K sh | new |
| Increased | ICON PLC (ICLR) | 4.7% | 7.7% | +3.0 pts | +158K sh | +143% |
| Reduced | ENVISTA HOLDINGS CORPORATION (NVST) | 6.7% | 1.7% | −4.9 pts | −760K sh | −72% |
| New | DEXCOM INC (DXCM) | — | 4.3% | +4.3 pts | +70,000 sh | new |
| New | HEALTHEQUITY INC (HQY) | — | 3.9% | +3.9 pts | +487K sh | new |
| Exited | CHARLES RIV LABS INTL INC (CRL) | 3.7% | — | −3.7 pts | −70,000 sh | −100% |
| Increased | HORIZON THERAPEUTICS PUB L (HZNP) | 3.6% | 6.3% | +2.7 pts | +266K sh | +112% |
| New | ASTRAZENECA PLC (AZN) | — | 3.0% | +3.0 pts | +380K sh | new |
| New | GOODRX HLDGS INC (GDRX) | — | 2.5% | +2.5 pts | +1.09M sh | new |
| Exited | ADAPTHEALTH CORP (AHCO) | 2.4% | — | −2.4 pts | −700K sh | −100% |
| Exited | THERMO FISHER SCIENTIFIC INC (TMO) | 2.2% | — | −2.2 pts | −24,000 sh | −100% |
| New | SEAGEN INC (SGEN) | — | 2.2% | +2.2 pts | +130K sh | new |
| Increased | GUARDANT HEALTH INC (GH) | 6.1% | 5.7% | −0.4 pts | +282K sh | +64% |
| Exited | LABORATORY CORP AMER HLDGS (LH) | 2.2% | — | −2.2 pts | −50,000 sh | −100% |
| Increased | HOLOGIC INC (HOLX) | 3.0% | 4.4% | +1.4 pts | +200K sh | +71% |
| Increased | UNITEDHEALTH GROUP INC (UNH) | 4.2% | 5.5% | +1.3 pts | +30,014 sh | +50% |
| New | KARYOPHARM THERAPEUTICS INC (KPTI) | — | 1.8% | +1.8 pts | +2M sh | new |
| New | 908 DEVICES INC (MASS) | — | 1.6% | +1.6 pts | +713K sh | new |
| Increased | NEVRO CORP (NVRO) | 4.8% | 4.8% | +0.1 pts | +141K sh | +33% |
| Reduced | ACADIA HEALTHCARE COMPANY IN (ACHC) | 5.3% | 3.9% | −1.4 pts | −130K sh | −20% |
| Increased | CATALENT INC (CTLT) | 5.6% | 5.2% | −0.5 pts | +76,002 sh | +24% |
| Reduced | SURGERY PARTNERS INC (SGRY) | 4.0% | 2.6% | −1.4 pts | −144K sh | −26% |
| Increased | ICU MED INC (ICUI) | 3.8% | 3.6% | −0.2 pts | +21,807 sh | +19% |
| Increased | ALIGN TECHNOLOGY INC (ALGN) | 3.7% | 2.6% | −1.1 pts | +10,000 sh | +25% |
| Increased | UNITED THERAPEUTICS CORP DEL (UTHR) | 5.1% | 4.1% | −1.1 pts | +20,073 sh | +12% |
| Increased | SOMALOGIC INC (SLGC) | 2.3% | 1.7% | −0.6 pts | +333K sh | +23% |
| Reduced | ABBVIE INC (ABBV) | 4.7% | 4.6% | −0.1 pts | −10,000 sh | −4% |
| Increased | CONMED CORP (CNMD) | 3.0% | 2.8% | −0.1 pts | +10,753 sh | +7% |
| Reduced | NANOSTRING TECHNOLOGIES INC (NSTG) | 4.4% | 3.0% | −1.4 pts | −27,605 sh | −4% |
| Increased | MOLINA HEALTHCARE INC (MOH) | 4.3% | 4.0% | −0.4 pts | +2,107 sh | +2% |
| Reduced | STEREOTAXIS INC (STXS) | 1.6% | 0.8% | −0.8 pts | −115K sh | −6% |
| Reduced | ORION ACQUISITION CORP (OHPAU) | 1.4% | 1.2% | −0.2 pts | −6,716 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 — 53.1% of the equity book
Changes in the top 10 this quarter: HZNP entered · UNH entered · ILMN entered · HOLX entered · DXCM entered · DVA left · NVST left · ACHC left · UTHR left · NSTG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ICON PLC (ICLR) | 4.7% | 7.7% | |
| 2 | HORIZON THERAPEUTICS PUB L (HZNP) | 3.6% | 6.3% | Entered the top 10 |
| 3 | GUARDANT HEALTH INC (GH) | 6.1% | 5.7% | |
| 4 | UNITEDHEALTH GROUP INC (UNH) | 4.2% | 5.5% | Entered the top 10 |
| 5 | CATALENT INC (CTLT) | 5.6% | 5.2% | |
| 6 | NEVRO CORP (NVRO) | 4.8% | 4.8% | |
| 7 | ABBVIE INC (ABBV) | 4.7% | 4.6% | |
| 8 | ILLUMINA INC (ILMN) | 0.0% | 4.6% | Entered the top 10 |
| 9 | HOLOGIC INC (HOLX) | 3.0% | 4.4% | Entered the top 10 |
| 10 | DEXCOM INC (DXCM) | 0.0% | 4.3% | Entered the top 10 |
| — | DAVITA INC (DVA) | 7.1% | 0.0% | Left the top 10 |
| — | ENVISTA HOLDINGS CORPORATION (NVST) | 6.7% | 1.7% | Left the top 10 |
| — | ACADIA HEALTHCARE COMPANY IN (ACHC) | 5.3% | 3.9% | Left the top 10 |
| — | UNITED THERAPEUTICS CORP DEL (UTHR) | 5.1% | 4.1% | Left the top 10 |
| — | NANOSTRING TECHNOLOGIES INC (NSTG) | 4.4% | 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).