Patient Capital Management LLC's Q3 2023 13F: 2 new positions, 5 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 41 reported positions · accession 0001085146-23-004442
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | KOSMOS ENERGY LTD (KOS) | — | 2.6% | +2.6 pts | +5.32M sh | new |
| New | CVS HEALTH CORP (CVS) | — | 2.5% | +2.5 pts | +605K sh | new |
| Exited | FARFETCH LTD (FTCHF) | 2.3% | — | −2.3 pts | −6.92M sh | −100% |
| Increased | IAC INC (IAC) | 2.4% | 3.8% | +1.4 pts | +584K sh | +85% |
| Exited | TAYLOR MORRISON HOME CORP (TMHC) | 1.6% | — | −1.6 pts | −594K sh | −100% |
| Reduced | OVINTIV INC (OVV) | 2.7% | 2.0% | −0.7 pts | −566K sh | −44% |
| Increased | DXC TECHNOLOGY CO (DXC) | 0.2% | 1.5% | +1.3 pts | +1.1M sh | +1065% |
| Reduced | UBER TECHNOLOGIES INC (UBER) | 3.3% | 2.5% | −0.9 pts | −479K sh | −34% |
| Reduced | SPLUNK INC (SPLK) | 2.6% | 2.5% | −0.1 pts | −144K sh | −33% |
| Reduced | CHESAPEAKE ENERGY CORP (EXE) | 2.3% | 1.6% | −0.7 pts | −182K sh | −36% |
| Increased | CITIGROUP INC (C) | 3.9% | 4.6% | +0.7 pts | +376K sh | +25% |
| Reduced | META PLATFORMS INC (META) | 3.7% | 3.3% | −0.4 pts | −44,198 sh | −19% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 1.9% | 1.2% | −0.7 pts | −710K sh | −36% |
| Reduced | COINBASE GLOBAL INC (COIN) | 2.3% | 2.0% | −0.4 pts | −146K sh | −25% |
| Increased | PELOTON INTERACTIVE INC (PTON) | 1.2% | 1.4% | +0.2 pts | +1.85M sh | +66% |
| Reduced | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 3.8% | 2.5% | −1.3 pts | −564K sh | −18% |
| Increased | CANADA GOOSE HLDGS INC (GOOS) | 2.8% | 2.9% | +0.1 pts | +491K sh | +17% |
| Increased | EXPEDIA GROUP INC (EXPE) | 5.5% | 5.9% | +0.4 pts | +64,046 sh | +7% |
| Reduced | SOFI TECHNOLOGIES INC (SOFI) | 2.1% | 1.8% | −0.3 pts | −707K sh | −16% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 2.6% | 2.1% | −0.5 pts | −53,792 sh | −13% |
| Increased | PRECIGEN INC (PGEN) | 0.7% | 1.2% | +0.4 pts | +2.51M sh | +22% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 3.1% | 3.2% | +0.1 pts | −36,285 sh | −5% |
| Exited | STITCH FIX INC (SFIX) | 0.2% | — | −0.2 pts | −857K sh | −100% |
| Reduced | MATTEL INC (MAT) | 4.0% | 4.6% | +0.6 pts | −126K sh | −3% |
| Reduced | FISERV INC (FISV) | 2.0% | 1.8% | −0.2 pts | −18,983 sh | −7% |
| Reduced | TEVA PHARMACEUTICAL INDS LTD (TEVA) | 0.1% | 0.1% | −0.1 pts | −181K sh | −59% |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 4.9% | 4.0% | −1.0 pts | −41,396 sh | −2% |
| Increased | ALPHABET INC (GOOGL) | 4.2% | 4.9% | +0.7 pts | +8,587 sh | +1% |
| Reduced | UNITED AIRLS HLDGS INC (UAL) | 3.4% | 2.7% | −0.7 pts | −20,808 sh | −2% |
| Reduced | ROCKET COS INC (RKT) | 0.2% | 0.2% | −0.1 pts | −95,923 sh | −19% |
| Increased | WESTERN ALLIANCE BANCORP (WAL) | 0.9% | 1.2% | +0.3 pts | +16,948 sh | +4% |
| Exited | BANK AMERICA CORP (BAC) | 0.0% | — | 0.0 pts | −25,000 sh | −100% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 5.3% | 5.1% | −0.2 pts | −15,197 sh | −1% |
| Increased | BRILLIANT EARTH GROUP INC (BRLT) | 0.0% | 0.0% | 0.0 pts | +199K sh | +387% |
| Exited | ADT INC DEL (ADT) | 0.0% | — | 0.0 pts | −100K sh | −100% |
| Reduced | AMAZON COM INC (AMZN) | 5.7% | 5.8% | +0.2 pts | −3,564 sh | 0% |
| Reduced | ENERGY TRANSFER L P (ET) | 4.0% | 4.6% | +0.7 pts | −28,596 sh | −1% |
| Reduced | GENERAL MTRS CO (GM) | 3.5% | 3.1% | −0.4 pts | −10,777 sh | −1% |
| Reduced | TRAVEL PLUS LEISURE CO (TNL) | 2.8% | 2.7% | −0.1 pts | −7,071 sh | −1% |
| Reduced | UBS GROUP AG (UBS) | 2.8% | 3.6% | +0.8 pts | −5,653 sh | 0% |
| Reduced | KARUNA THERAPEUTICS INC (KRTX) | 2.1% | 1.8% | −0.4 pts | −574 sh | 0% |
| Reduced | JPMORGAN CHASE & CO (JPM) | 2.5% | 2.6% | +0.1 pts | −52 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 — 46.8% of the equity book
Changes in the top 10 this quarter: IAC entered · UBS entered · NCLH left · META left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EXPEDIA GROUP INC (EXPE) | 5.5% | 5.9% | |
| 2 | AMAZON COM INC (AMZN) | 5.7% | 5.8% | |
| 3 | ONEMAIN HLDGS INC (OMF) | 5.3% | 5.1% | |
| 4 | ALPHABET INC (GOOGL) | 4.2% | 4.9% | |
| 5 | ENERGY TRANSFER L P (ET) | 4.0% | 4.6% | |
| 6 | MATTEL INC (MAT) | 4.0% | 4.6% | |
| 7 | CITIGROUP INC (C) | 3.9% | 4.6% | |
| 8 | DELTA AIR LINES INC DEL (DAL) | 4.9% | 4.0% | |
| 9 | IAC INC (IAC) | 2.4% | 3.8% | Entered the top 10 |
| 10 | UBS GROUP AG (UBS) | 2.8% | 3.6% | Entered the top 10 |
| — | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 3.8% | 2.5% | Left the top 10 |
| — | META PLATFORMS INC (META) | 3.7% | 3.3% | 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).