Patient Capital Management LLC's Q2 2022 13F: 4 new positions, 6 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 15, 2022 · 39 reported positions · accession 0001085146-22-003092
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | EXPEDIA GROUP INC (EXPE) | — | 4.3% | +4.3 pts | +92,075 sh | new |
| Exited | TIVITY HEALTH INC (TVTY) | 3.2% | — | −3.2 pts | −252K sh | −100% |
| New | UNITED AIRLS HLDGS INC (UAL) | — | 2.4% | +2.4 pts | +139K sh | new |
| Exited | HERBALIFE NUTRITION LTD (HLF) | 2.3% | — | −2.3 pts | −194K sh | −100% |
| Exited | TUPPERWARE BRANDS CORP (TUP) | 2.3% | — | −2.3 pts | −300K sh | −100% |
| Increased | ROCKET COS INC (RKT) | 0.9% | 2.3% | +1.4 pts | +425K sh | +204% |
| Exited | PELOTON INTERACTIVE INC (PTON) | 1.5% | — | −1.5 pts | −146K sh | −100% |
| Exited | WW INTL INC (WGHTQ) | 1.3% | — | −1.3 pts | −326K sh | −100% |
| Increased | ONEMAIN HLDGS INC (OMF) | 2.9% | 4.1% | +1.2 pts | +66,675 sh | +42% |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 4.4% | 6.9% | +2.5 pts | +21,400 sh | +21% |
| Increased | META PLATFORMS INC (META) | 3.1% | 3.9% | +0.8 pts | +13,900 sh | +40% |
| Reduced | AVID TECHNOLOGY INC (AVID) | 2.2% | 1.1% | −1.1 pts | −75,000 sh | −46% |
| Increased | TRAVEL PLUS LEISURE CO (TNL) | 1.1% | 1.8% | +0.7 pts | +46,700 sh | +98% |
| Reduced | ADT INC DEL (ADT) | 2.7% | 2.0% | −0.7 pts | −254K sh | −28% |
| Increased | ENERGY TRANSFER L P (ET) | 2.7% | 3.7% | +1.0 pts | +152K sh | +25% |
| Increased | CITIGROUP INC (C) | 2.2% | 3.1% | +0.9 pts | +31,800 sh | +31% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 2.2% | 2.3% | +0.1 pts | +71,350 sh | +46% |
| Increased | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 3.7% | 4.4% | +0.7 pts | +192K sh | +19% |
| Exited | STITCH FIX INC (SFIX) | 0.6% | — | −0.6 pts | −161K sh | −100% |
| Increased | FARFETCH LTD (FTCHF) | 2.6% | 2.1% | −0.5 pts | +173K sh | +40% |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 3.9% | 2.9% | −1.0 pts | −42,700 sh | −17% |
| Increased | VONTIER CORPORATION (VNT) | 1.4% | 2.2% | +0.8 pts | +52,100 sh | +36% |
| Increased | BAUSCH HEALTH COS INC (BHC) | 2.4% | 1.7% | −0.8 pts | +134K sh | +49% |
| Increased | CLEVELAND-CLIFFS INC NEW (CLF) | 3.8% | 2.8% | −1.0 pts | +71,500 sh | +24% |
| Increased | GENERAL MTRS CO (GM) | 2.8% | 3.0% | +0.2 pts | +29,100 sh | +18% |
| Reduced | DXC TECHNOLOGY CO (DXC) | 3.9% | 4.0% | +0.2 pts | −30,000 sh | −10% |
| Increased | MATTEL INC (MAT) | 3.7% | 5.1% | +1.4 pts | +40,000 sh | +9% |
| New | LENNAR CORP (LENB) | — | 0.4% | +0.4 pts | +12,500 sh | new |
| Increased | FISERV INC (FISV) | 2.8% | 3.3% | +0.6 pts | +7,000 sh | +10% |
| Increased | COINBASE GLOBAL INC (COIN) | 1.0% | 0.5% | −0.4 pts | +10,400 sh | +81% |
| Increased | SOFI TECHNOLOGIES INC (SOFI) | 0.5% | 0.6% | +0.1 pts | +91,500 sh | +65% |
| Increased | JPMORGAN CHASE & CO (JPM) | 1.9% | 2.2% | +0.3 pts | +4,000 sh | +11% |
| Increased | AMAZON COM INC (AMZN) | 4.4% | 3.8% | −0.6 pts | +4,200 sh | +6% |
| New | PROSHARES TR II (UCO) | — | 0.2% | +0.2 pts | +10,000 sh | new |
| Reduced | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 4.2% | 2.5% | −1.8 pts | −35,850 sh | −7% |
| Increased | SPLUNK INC (SPLK) | 2.7% | 2.1% | −0.5 pts | +3,900 sh | +9% |
| Increased | QUOTIENT TECHNOLOGY INC (QUOT) | 2.0% | 1.3% | −0.7 pts | +100K sh | +12% |
| Increased | ALPHABET INC (GOOGL) | 3.8% | 3.8% | 0.0 pts | +120 sh | +3% |
| Increased | KARUNA THERAPEUTICS INC (KRTX) | 0.9% | 1.2% | +0.3 pts | +1,500 sh | +8% |
| Reduced | OVINTIV INC (OVV) | 5.7% | 5.7% | 0.0 pts | −4,200 sh | −2% |
| Reduced | DIAMONDBACK ENERGY INC (FANG) | 1.8% | 2.0% | +0.1 pts | −900 sh | −3% |
| Increased | CAPITAL ONE FINL CORP (COF) | 1.6% | 1.6% | 0.0 pts | +950 sh | +3% |
| Reduced | TAYLOR MORRISON HOME CORP (TMHC) | 2.1% | 2.2% | +0.1 pts | −1,800 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 — 46.0% of the equity book
Changes in the top 10 this quarter: EXPE entered · OMF entered · META entered · NCLH left · DAL left · CLF left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ALIBABA GROUP HLDG LTD (BABA) | 4.4% | 6.9% | |
| 2 | OVINTIV INC (OVV) | 5.7% | 5.7% | |
| 3 | MATTEL INC (MAT) | 3.7% | 5.1% | |
| 4 | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 3.7% | 4.4% | |
| 5 | EXPEDIA GROUP INC (EXPE) | 0.0% | 4.3% | Entered the top 10 |
| 6 | ONEMAIN HLDGS INC (OMF) | 2.9% | 4.1% | Entered the top 10 |
| 7 | DXC TECHNOLOGY CO (DXC) | 3.9% | 4.0% | |
| 8 | META PLATFORMS INC (META) | 3.1% | 3.9% | Entered the top 10 |
| 9 | ALPHABET INC (GOOGL) | 3.8% | 3.8% | |
| 10 | AMAZON COM INC (AMZN) | 4.4% | 3.8% | |
| — | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 4.2% | 2.5% | Left the top 10 |
| — | DELTA AIR LINES INC DEL (DAL) | 3.9% | 2.9% | Left the top 10 |
| — | CLEVELAND-CLIFFS INC NEW (CLF) | 3.8% | 2.8% | 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 |
|---|---|---|---|---|---|
| Reduced | ISHARES TR (TLT) | Put | 228K | 158K | $18.1M |
| Exited | PRECIGEN INC (PGEN) | Call | 450K | 0 | $0 |