Iron Triangle Partners LP's Q2 2022 13F: 9 new positions, 13 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 15, 2022 · 24 reported positions · accession 0001172661-22-001924
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | HUMANA INC (HUM) | — | 7.5% | +7.5 pts | +100K sh | new |
| New | REPLIGEN CORP (RGEN) | — | 6.5% | +6.5 pts | +250K sh | new |
| New | BOSTON SCIENTIFIC CORP (BSX) | — | 6.0% | +6.0 pts | +1M sh | new |
| New | NEUROCRINE BIOSCIENCES INC (NBIX) | — | 5.5% | +5.5 pts | +350K sh | new |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 5.5% | — | −5.5 pts | −90,014 sh | −100% |
| Exited | CATALENT INC (CTLT) | 5.2% | — | −5.2 pts | −393K sh | −100% |
| Exited | NEVRO CORP (NVRO) | 4.8% | — | −4.8 pts | −563K sh | −100% |
| New | BIO RAD LABS INC (BIO) | — | 4.6% | +4.6 pts | +57,955 sh | new |
| Exited | ILLUMINA INC (ILMN) | 4.6% | — | −4.6 pts | −110K sh | −100% |
| Reduced | HORIZON THERAPEUTICS PUB L (HZNP) | 6.3% | 1.9% | −4.4 pts | −354K sh | −70% |
| New | LEGEND BIOTECH CORP (LEGN) | — | 4.4% | +4.4 pts | +495K sh | new |
| Exited | HOLOGIC INC (HOLX) | 4.4% | — | −4.4 pts | −480K sh | −100% |
| Exited | UNITED THERAPEUTICS CORP DEL (UTHR) | 4.1% | — | −4.1 pts | −190K sh | −100% |
| Exited | MOLINA HEALTHCARE INC (MOH) | 4.0% | — | −4.0 pts | −100K sh | −100% |
| Reduced | ICON PLC (ICLR) | 7.7% | 5.6% | −2.2 pts | −108K sh | −40% |
| Exited | ICU MED INC (ICUI) | 3.6% | — | −3.6 pts | −136K sh | −100% |
| New | CIGNA CORP NEW (CI) | — | 3.4% | +3.4 pts | +80,000 sh | new |
| New | INSPIRE MED SYS INC (INSP) | — | 3.4% | +3.4 pts | +114K sh | new |
| Exited | NANOSTRING TECHNOLOGIES INC (NSTG) | 3.0% | — | −3.0 pts | −722K sh | −100% |
| New | ESTABLISHMENT LABS HLDGS INC (ESTA) | — | 2.8% | +2.8 pts | +325K sh | new |
| Increased | ABBVIE INC (ABBV) | 4.6% | 8.6% | +4.0 pts | +110K sh | +46% |
| Increased | DEXCOM INC (DXCM) | 4.3% | 6.0% | +1.7 pts | +220K sh | +79% |
| Exited | ALIGN TECHNOLOGY INC (ALGN) | 2.6% | — | −2.6 pts | −50,000 sh | −100% |
| Exited | GOODRX HLDGS INC (GDRX) | 2.5% | — | −2.5 pts | −1.09M sh | −100% |
| Exited | SEAGEN INC (SGEN) | 2.2% | — | −2.2 pts | −130K sh | −100% |
| Increased | GUARDANT HEALTH INC (GH) | 5.7% | 6.4% | +0.8 pts | +268K sh | +37% |
| Exited | ENVISTA HOLDINGS CORPORATION (NVST) | 1.7% | — | −1.7 pts | −300K sh | −100% |
| Increased | CONMED CORP (CNMD) | 2.8% | 4.0% | +1.2 pts | +99,470 sh | +62% |
| Reduced | KARYOPHARM THERAPEUTICS INC (KPTI) | 1.8% | 0.8% | −1.0 pts | −900K sh | −45% |
| Reduced | SURGERY PARTNERS INC (SGRY) | 2.6% | 1.3% | −1.4 pts | −132K sh | −33% |
| Increased | ASTRAZENECA PLC (AZN) | 3.0% | 4.7% | +1.7 pts | +57,477 sh | +15% |
| Reduced | SOMALOGIC INC (SLGC) | 1.7% | 0.7% | −1.0 pts | −770K sh | −44% |
| Increased | ACADIA HEALTHCARE COMPANY IN (ACHC) | 3.9% | 6.0% | +2.1 pts | +47,360 sh | +9% |
| Increased | 908 DEVICES INC (MASS) | 1.6% | 2.8% | +1.2 pts | +137K sh | +19% |
| Reduced | HEALTHEQUITY INC (HQY) | 3.9% | 4.8% | +0.9 pts | −1,321 sh | 0% |
| Reduced | STEREOTAXIS INC (STXS) | 0.8% | 0.5% | −0.3 pts | −5,224 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 — 63.1% of the equity book
Changes in the top 10 this quarter: HUM entered · RGEN entered · BSX entered · ACHC entered · NBIX entered · HQY entered · HZNP left · UNH left · CTLT left · NVRO left · ILMN left · HOLX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ABBVIE INC (ABBV) | 4.6% | 8.6% | |
| 2 | HUMANA INC (HUM) | 0.0% | 7.5% | Entered the top 10 |
| 3 | REPLIGEN CORP (RGEN) | 0.0% | 6.5% | Entered the top 10 |
| 4 | GUARDANT HEALTH INC (GH) | 5.7% | 6.4% | |
| 5 | BOSTON SCIENTIFIC CORP (BSX) | 0.0% | 6.0% | Entered the top 10 |
| 6 | DEXCOM INC (DXCM) | 4.3% | 6.0% | |
| 7 | ACADIA HEALTHCARE COMPANY IN (ACHC) | 3.9% | 6.0% | Entered the top 10 |
| 8 | ICON PLC (ICLR) | 7.7% | 5.6% | |
| 9 | NEUROCRINE BIOSCIENCES INC (NBIX) | 0.0% | 5.5% | Entered the top 10 |
| 10 | HEALTHEQUITY INC (HQY) | 3.9% | 4.8% | Entered the top 10 |
| — | HORIZON THERAPEUTICS PUB L (HZNP) | 6.3% | 1.9% | Left the top 10 |
| — | UNITEDHEALTH GROUP INC (UNH) | 5.5% | 0.0% | Left the top 10 |
| — | CATALENT INC (CTLT) | 5.2% | 0.0% | Left the top 10 |
| — | NEVRO CORP (NVRO) | 4.8% | 0.0% | Left the top 10 |
| — | ILLUMINA INC (ILMN) | 4.6% | 0.0% | Left the top 10 |
| — | HOLOGIC INC (HOLX) | 4.4% | 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 |
|---|---|---|---|---|---|
| New | SPDR S&P 500 ETF TR (SPY) | Put | 0 | 400K | $151M |