Iron Triangle Partners LP's Q3 2024 13F: 13 new positions, 13 exits
Form 13F-HR for the quarter ended Sep 30, 2024 · filed Nov 14, 2024 · 24 reported positions · accession 0001172661-24-004747
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | MEDPACE HLDGS INC (MEDP) | — | 9.1% | +9.1 pts | +193K sh | new |
| New | ILLUMINA INC (ILMN) | — | 8.1% | +8.1 pts | +440K sh | new |
| New | TENET HEALTHCARE CORP (THC) | — | 7.2% | +7.2 pts | +309K sh | new |
| Exited | EDWARDS LIFESCIENCES CORP (EW) | 7.0% | — | −7.0 pts | −727K sh | −100% |
| Exited | DEXCOM INC (DXCM) | 6.9% | — | −6.9 pts | −582K sh | −100% |
| New | ENVISTA HOLDINGS CORPORATION (NVST) | — | 6.1% | +6.1 pts | +2.19M sh | new |
| Exited | MCKESSON CORP (MCK) | 5.6% | — | −5.6 pts | −92,125 sh | −100% |
| Reduced | GLAUKOS CORP (GKOS) | 6.3% | 4.0% | −2.3 pts | −290K sh | −57% |
| Exited | ABBVIE INC (ABBV) | 5.1% | — | −5.1 pts | −285K sh | −100% |
| Reduced | INSULET CORP (PODD) | 5.6% | 3.6% | −2.0 pts | −154K sh | −58% |
| Exited | BIOMARIN PHARMACEUTICAL INC (BMRN) | 4.8% | — | −4.8 pts | −555K sh | −100% |
| Exited | WEST PHARMACEUTICAL SVSC INC (WST) | 4.6% | — | −4.6 pts | −133K sh | −100% |
| Exited | INSPIRE MED SYS INC (INSP) | 4.0% | — | −4.0 pts | −282K sh | −100% |
| New | EXACT SCIENCES CORP (EXAS) | — | 3.8% | +3.8 pts | +400K sh | new |
| New | MERIT MED SYS INC (MMSI) | — | 3.5% | +3.5 pts | +253K sh | new |
| Reduced | BROOKDALE SR LIVING INC (BKD) | 4.2% | 2.1% | −2.1 pts | −3.6M sh | −62% |
| Reduced | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 5.6% | 4.9% | −0.7 pts | −1.36M sh | −41% |
| Reduced | INTUITIVE SURGICAL INC (ISRG) | 5.6% | 5.0% | −0.7 pts | −48,985 sh | −40% |
| New | AXSOME THERAPEUTICS INC (AXSM) | — | 3.2% | +3.2 pts | +252K sh | new |
| Reduced | DANAHER CORPORATION (DHR) | 4.9% | 4.3% | −0.6 pts | −77,011 sh | −41% |
| Exited | NEUROCRINE BIOSCIENCES INC (NBIX) | 2.9% | — | −2.9 pts | −200K sh | −100% |
| Exited | ARGENX SE (ARGX) | 2.8% | — | −2.8 pts | −61,704 sh | −100% |
| Reduced | INSMED INC (INSM) | 2.9% | 1.8% | −1.1 pts | −233K sh | −56% |
| Exited | SCHRODINGER INC (SDGR) | 2.3% | — | −2.3 pts | −1.13M sh | −100% |
| New | GERON CORP (GERN) | — | 2.1% | +2.1 pts | +3.35M sh | new |
| Increased | ELANCO ANIMAL HEALTH INC (ELAN) | 4.9% | 8.8% | +3.9 pts | +1.03M sh | +32% |
| New | SANOFI (SNY) | — | 2.1% | +2.1 pts | +262K sh | new |
| Exited | AGILON HEALTH INC (AGL) | 1.7% | — | −1.7 pts | −2.52M sh | −100% |
| New | ACADIA PHARMACEUTICALS INC (ACAD) | — | 1.6% | +1.6 pts | +750K sh | new |
| New | MYRIAD GENETICS INC (MYGN) | — | 1.5% | +1.5 pts | +402K sh | new |
| New | INDIVIOR PLC (INDV) | — | 1.2% | +1.2 pts | +845K sh | new |
| New | BICARA THERAPEUTICS INC (BCAX) | — | 0.7% | +0.7 pts | +200K sh | new |
| Reduced | OSCAR HEALTH INC (OSCR) | 3.0% | 4.8% | +1.8 pts | −220K sh | −12% |
| Exited | 908 DEVICES INC (MASS) | 0.4% | — | −0.4 pts | −729K sh | −100% |
| Reduced | ACADIA HEALTHCARE COMPANY IN (ACHC) | 5.9% | 7.2% | +1.2 pts | −36,924 sh | −4% |
| Exited | ALUMIS INC (ALMS) | 0.2% | — | −0.2 pts | −125K sh | −100% |
| Reduced | TWIST BIOSCIENCE CORP (TWST) | 2.7% | 3.2% | +0.5 pts | −16,455 sh | −3% |
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 — 65.4% of the equity book
Changes in the top 10 this quarter: MEDP entered · ELAN entered · ILMN entered · THC entered · NVST entered · OSCR entered · EW left · DXCM left · GKOS left · MCK left · PODD left · ABBV left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MEDPACE HLDGS INC (MEDP) | 0.0% | 9.1% | Entered the top 10 |
| 2 | ELANCO ANIMAL HEALTH INC (ELAN) | 4.9% | 8.8% | Entered the top 10 |
| 3 | ILLUMINA INC (ILMN) | 0.0% | 8.1% | Entered the top 10 |
| 4 | TENET HEALTHCARE CORP (THC) | 0.0% | 7.2% | Entered the top 10 |
| 5 | ACADIA HEALTHCARE COMPANY IN (ACHC) | 5.9% | 7.2% | |
| 6 | ENVISTA HOLDINGS CORPORATION (NVST) | 0.0% | 6.1% | Entered the top 10 |
| 7 | INTUITIVE SURGICAL INC (ISRG) | 5.6% | 5.0% | |
| 8 | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 5.6% | 4.9% | |
| 9 | OSCAR HEALTH INC (OSCR) | 3.0% | 4.8% | Entered the top 10 |
| 10 | DANAHER CORPORATION (DHR) | 4.9% | 4.3% | |
| — | EDWARDS LIFESCIENCES CORP (EW) | 7.0% | 0.0% | Left the top 10 |
| — | DEXCOM INC (DXCM) | 6.9% | 0.0% | Left the top 10 |
| — | GLAUKOS CORP (GKOS) | 6.3% | 4.0% | Left the top 10 |
| — | MCKESSON CORP (MCK) | 5.6% | 0.0% | Left the top 10 |
| — | INSULET CORP (PODD) | 5.6% | 3.6% | Left the top 10 |
| — | ABBVIE INC (ABBV) | 5.1% | 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 |
|---|---|---|---|---|---|
| Exited | ACADIA HEALTHCARE COMPANY IN (ACHC) | Call | 298K | 0 | $0 |
| Increased | ELANCO ANIMAL HEALTH INC (ELAN) | Call | 661K | 724K | $10.6M |