Iron Triangle Partners LP's Q2 2024 13F: 9 new positions, 13 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 14, 2024 · 24 reported positions · accession 0001172661-24-003544
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | EDWARDS LIFESCIENCES CORP (EW) | — | 7.0% | +7.0 pts | +727K sh | new |
| New | INSULET CORP (PODD) | — | 5.6% | +5.6 pts | +264K sh | new |
| Exited | ICON PLC (ICLR) | 5.2% | — | −5.2 pts | −151K sh | −100% |
| Exited | EXACT SCIENCES CORP (EXAS) | 5.0% | — | −5.0 pts | −700K sh | −100% |
| New | DANAHER CORPORATION (DHR) | — | 4.9% | +4.9 pts | +187K sh | new |
| Exited | ALIGN TECHNOLOGY INC (ALGN) | 4.8% | — | −4.8 pts | −142K sh | −100% |
| New | BIOMARIN PHARMACEUTICAL INC (BMRN) | — | 4.8% | +4.8 pts | +555K sh | new |
| Exited | ILLUMINA INC (ILMN) | 4.7% | — | −4.7 pts | −331K sh | −100% |
| Exited | BRUKER CORP (BRKR) | 4.5% | — | −4.5 pts | −467K sh | −100% |
| New | INSPIRE MED SYS INC (INSP) | — | 4.0% | +4.0 pts | +282K sh | new |
| Increased | MCKESSON CORP (MCK) | 2.1% | 5.6% | +3.6 pts | +54,706 sh | +146% |
| Exited | APELLIS PHARMACEUTICALS INC (APLS) | 3.3% | — | −3.3 pts | −550K sh | −100% |
| Exited | FORTREA HLDGS INC (FTRE) | 3.3% | — | −3.3 pts | −791K sh | −100% |
| Exited | AVANTOR INC (AVTR) | 3.0% | — | −3.0 pts | −1.15M sh | −100% |
| Increased | ELANCO ANIMAL HEALTH INC (ELAN) | 2.2% | 4.9% | +2.7 pts | +1.93M sh | +149% |
| New | INSMED INC (INSM) | — | 2.9% | +2.9 pts | +413K sh | new |
| New | TWIST BIOSCIENCE CORP (TWST) | — | 2.7% | +2.7 pts | +526K sh | new |
| Exited | SHOCKWAVE MED INC (SWAV) | 2.7% | — | −2.7 pts | −79,736 sh | −100% |
| Exited | SYNDAX PHARMACEUTICALS INC (SNDX) | 2.4% | — | −2.4 pts | −973K sh | −100% |
| Exited | SPDR SER TR (XBI) | 2.2% | — | −2.2 pts | −226K sh | −100% |
| Exited | CYTOKINETICS INC (CYTK) | 2.2% | — | −2.2 pts | −300K sh | −100% |
| New | AGILON HEALTH INC (AGL) | — | 1.7% | +1.7 pts | +2.52M sh | new |
| Increased | DEXCOM INC (DXCM) | 6.8% | 6.9% | +0.2 pts | +111K sh | +23% |
| Increased | GLAUKOS CORP (GKOS) | 4.2% | 6.3% | +2.1 pts | +78,631 sh | +18% |
| Increased | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 4.0% | 5.6% | +1.6 pts | +530K sh | +19% |
| Increased | OSCAR HEALTH INC (OSCR) | 2.1% | 3.0% | +1.0 pts | +498K sh | +37% |
| Increased | ARGENX SE (ARGX) | 1.8% | 2.8% | +0.9 pts | +16,704 sh | +37% |
| Increased | SCHRODINGER INC (SDGR) | 2.4% | 2.3% | −0.1 pts | +270K sh | +31% |
| Increased | WEST PHARMACEUTICAL SVSC INC (WST) | 4.9% | 4.6% | −0.3 pts | +13,172 sh | +11% |
| Reduced | ACADIA HEALTHCARE COMPANY IN (ACHC) | 7.4% | 5.9% | −1.5 pts | −63,738 sh | −7% |
| Exited | NYXOAH S A (NYXH) | 0.4% | — | −0.4 pts | −253K sh | −100% |
| Reduced | NEUROCRINE BIOSCIENCES INC (NBIX) | 3.1% | 2.9% | −0.3 pts | −20,000 sh | −9% |
| New | ALUMIS INC (ALMS) | — | 0.2% | +0.2 pts | +125K sh | new |
| Reduced | 908 DEVICES INC (MASS) | 0.8% | 0.4% | −0.4 pts | −312K sh | −30% |
| Reduced | INTUITIVE SURGICAL INC (ISRG) | 5.1% | 5.6% | +0.5 pts | −3,351 sh | −3% |
| Increased | ABBVIE INC (ABBV) | 5.2% | 5.1% | −0.1 pts | +8,559 sh | +3% |
| Reduced | BROOKDALE SR LIVING INC (BKD) | 4.0% | 4.2% | +0.1 pts | −96,019 sh | −2% |
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 — 58.7% of the equity book
Changes in the top 10 this quarter: EW entered · GKOS entered · MCK entered · TEVA entered · PODD entered · DHR entered · ICLR left · EXAS left · WST left · ALGN left · ILMN left · BRKR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EDWARDS LIFESCIENCES CORP (EW) | 0.0% | 7.0% | Entered the top 10 |
| 2 | DEXCOM INC (DXCM) | 6.8% | 6.9% | |
| 3 | GLAUKOS CORP (GKOS) | 4.2% | 6.3% | Entered the top 10 |
| 4 | ACADIA HEALTHCARE COMPANY IN (ACHC) | 7.4% | 5.9% | |
| 5 | INTUITIVE SURGICAL INC (ISRG) | 5.1% | 5.6% | |
| 6 | MCKESSON CORP (MCK) | 2.1% | 5.6% | Entered the top 10 |
| 7 | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 4.0% | 5.6% | Entered the top 10 |
| 8 | INSULET CORP (PODD) | 0.0% | 5.6% | Entered the top 10 |
| 9 | ABBVIE INC (ABBV) | 5.2% | 5.1% | |
| 10 | DANAHER CORPORATION (DHR) | 0.0% | 4.9% | Entered the top 10 |
| — | ICON PLC (ICLR) | 5.2% | 0.0% | Left the top 10 |
| — | EXACT SCIENCES CORP (EXAS) | 5.0% | 0.0% | Left the top 10 |
| — | WEST PHARMACEUTICAL SVSC INC (WST) | 4.9% | 4.6% | Left the top 10 |
| — | ALIGN TECHNOLOGY INC (ALGN) | 4.8% | 0.0% | Left the top 10 |
| — | ILLUMINA INC (ILMN) | 4.7% | 0.0% | Left the top 10 |
| — | BRUKER CORP (BRKR) | 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).
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 | ACADIA HEALTHCARE COMPANY IN (ACHC) | Call | 0 | 298K | $20.1M |
| Increased | ELANCO ANIMAL HEALTH INC (ELAN) | Call | 611K | 661K | $9.54M |