Patient Capital Management LLC's Q3 2022 13F: 4 new positions, 2 exits
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Nov 14, 2022 · 41 reported positions · accession 0001085146-22-004043
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | EXPEDIA GROUP INC (EXPE) | 4.3% | 6.0% | +1.7 pts | +34,125 sh | +37% |
| Increased | COINBASE GLOBAL INC (COIN) | 0.5% | 2.3% | +1.7 pts | +46,200 sh | +198% |
| New | CANADA GOOSE HLDGS INC (GOOS) | — | 1.3% | +1.3 pts | +174K sh | new |
| New | STITCH FIX INC (SFIX) | — | 1.3% | +1.3 pts | +662K sh | new |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 6.9% | 3.7% | −3.2 pts | −32,150 sh | −26% |
| Reduced | VONTIER CORPORATION (VNT) | 2.2% | 0.6% | −1.7 pts | −132K sh | −67% |
| Exited | AVID TECHNOLOGY INC (AVID) | 1.1% | — | −1.1 pts | −86,700 sh | −100% |
| New | CHESAPEAKE ENERGY CORP (EXE) | — | 1.1% | +1.1 pts | +22,000 sh | new |
| Reduced | DXC TECHNOLOGY CO (DXC) | 4.0% | 2.4% | −1.7 pts | −81,600 sh | −30% |
| Increased | ONEMAIN HLDGS INC (OMF) | 4.1% | 4.2% | +0.1 pts | +54,525 sh | +24% |
| Reduced | BAUSCH HEALTH COS INC (BHC) | 1.7% | 0.7% | −1.0 pts | −218K sh | −54% |
| Reduced | META PLATFORMS INC (META) | 3.9% | 2.7% | −1.2 pts | −10,320 sh | −21% |
| Reduced | ADT INC DEL (ADT) | 2.0% | 1.8% | −0.1 pts | −164K sh | −25% |
| Increased | SOFI TECHNOLOGIES INC (SOFI) | 0.6% | 1.2% | +0.6 pts | +238K sh | +103% |
| Increased | FARFETCH LTD (FTCHF) | 2.1% | 2.9% | +0.7 pts | +153K sh | +25% |
| Increased | TRAVEL PLUS LEISURE CO (TNL) | 1.8% | 2.0% | +0.2 pts | +22,850 sh | +24% |
| Increased | AMAZON COM INC (AMZN) | 3.8% | 4.6% | +0.8 pts | +6,800 sh | +9% |
| Reduced | MATTEL INC (MAT) | 5.1% | 4.2% | −0.9 pts | −33,700 sh | −7% |
| Reduced | ROCKET COS INC (RKT) | 2.3% | 1.7% | −0.6 pts | −95,100 sh | −15% |
| Reduced | DIAMONDBACK ENERGY INC (FANG) | 2.0% | 1.8% | −0.2 pts | −4,100 sh | −12% |
| Increased | JPMORGAN CHASE & CO (JPM) | 2.2% | 2.4% | +0.1 pts | +4,350 sh | +11% |
| New | BRILLIANT EARTH GROUP INC (BRLT) | — | 0.2% | +0.2 pts | +75,000 sh | new |
| Exited | PROSHARES TR II (UCO) | 0.2% | — | −0.2 pts | −10,000 sh | −100% |
| Reduced | KARUNA THERAPEUTICS INC (KRTX) | 1.2% | 2.0% | +0.8 pts | −1,600 sh | −8% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 1.6% | 1.3% | −0.2 pts | −2,350 sh | −8% |
| Reduced | OVINTIV INC (OVV) | 5.7% | 6.0% | +0.3 pts | −4,100 sh | −2% |
| Reduced | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 4.4% | 4.8% | +0.4 pts | −17,950 sh | −2% |
| Reduced | FISERV INC (FISV) | 3.3% | 3.5% | +0.2 pts | −1,500 sh | −2% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 2.9% | 3.0% | +0.1 pts | +5,000 sh | +2% |
| Reduced | SPLUNK INC (SPLK) | 2.1% | 1.8% | −0.3 pts | −1,825 sh | −4% |
| Reduced | GENERAL MTRS CO (GM) | 3.0% | 3.1% | +0.1 pts | −3,800 sh | −2% |
| Increased | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 2.5% | 2.7% | +0.2 pts | +10,000 sh | +2% |
| Reduced | TAYLOR MORRISON HOME CORP (TMHC) | 2.2% | 2.2% | 0.0 pts | −4,700 sh | −2% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 2.3% | 3.1% | +0.8 pts | +3,750 sh | +2% |
| Increased | UNITED AIRLS HLDGS INC (UAL) | 2.4% | 2.3% | −0.1 pts | +1,300 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 — 44.7% of the equity book
Changes in the top 10 this quarter: ET entered · FISV entered · DXC left · META left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | OVINTIV INC (OVV) | 5.7% | 6.0% | |
| 2 | EXPEDIA GROUP INC (EXPE) | 4.3% | 6.0% | |
| 3 | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 4.4% | 4.8% | |
| 4 | AMAZON COM INC (AMZN) | 3.8% | 4.6% | |
| 5 | ENERGY TRANSFER L P (ET) | 3.7% | 4.3% | Entered the top 10 |
| 6 | ONEMAIN HLDGS INC (OMF) | 4.1% | 4.2% | |
| 7 | MATTEL INC (MAT) | 5.1% | 4.2% | |
| 8 | ALIBABA GROUP HLDG LTD (BABA) | 6.9% | 3.7% | |
| 9 | FISERV INC (FISV) | 3.3% | 3.5% | Entered the top 10 |
| 10 | ALPHABET INC (GOOGL) | 3.8% | 3.5% | |
| — | DXC TECHNOLOGY CO (DXC) | 4.0% | 2.4% | Left the top 10 |
| — | META PLATFORMS INC (META) | 3.9% | 2.7% | 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 | ISHARES TR (TLT) | Put | 158K | 0 | $0 |