Patient Capital Management LLC's Q1 2024 13F: 2 new positions, 3 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 42 reported positions · accession 0001085146-24-002548
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | NVIDIA CORPORATION (NVDA) | — | 2.7% | +2.7 pts | +60,606 sh | new |
| New | BIOGEN INC (BIIB) | — | 2.3% | +2.3 pts | +218K sh | new |
| Reduced | EXPEDIA GROUP INC (EXPE) | 7.5% | 4.9% | −2.6 pts | −206K sh | −22% |
| Exited | CLEVELAND-CLIFFS INC NEW (CLF) | 1.1% | — | −1.1 pts | −1.03M sh | −100% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 5.6% | 4.6% | −1.0 pts | −285K sh | −13% |
| Reduced | AMAZON COM INC (AMZN) | 5.8% | 5.7% | −0.2 pts | −78,244 sh | −11% |
| Increased | SEADRILL 2021 LTD (SDRL) | 1.7% | 2.2% | +0.5 pts | +238K sh | +36% |
| Reduced | META PLATFORMS INC (META) | 3.5% | 3.9% | +0.4 pts | −23,425 sh | −12% |
| Reduced | JPMORGAN CHASE & CO (JPM) | 2.4% | 2.1% | −0.3 pts | −51,687 sh | −19% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 2.2% | 1.8% | −0.4 pts | −69,425 sh | −22% |
| Increased | KOSMOS ENERGY LTD (KOS) | 2.3% | 2.3% | +0.1 pts | +1.68M sh | +26% |
| Reduced | UBER TECHNOLOGIES INC (UBER) | 1.9% | 1.8% | −0.1 pts | −108K sh | −19% |
| Reduced | CITIGROUP INC (C) | 5.2% | 5.5% | +0.3 pts | −112K sh | −6% |
| New |
FIDELITY WISE ORIGIN BITCOIN (FBTC)
new — newly listed security (e.g. spin-off)
|
— | 0.3% | +0.3 pts | +112K sh | new |
| Reduced | TRAVEL PLUS LEISURE CO (TNL) | 2.3% | 2.4% | 0.0 pts | −133K sh | −12% |
| Reduced | UNITED AIRLS HLDGS INC (UAL) | 2.7% | 2.6% | −0.1 pts | −111K sh | −9% |
| Increased | ROYALTY PHARMA PLC (RPRX) | 1.9% | 2.1% | +0.2 pts | +165K sh | +13% |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 2.4% | 2.2% | −0.1 pts | +56,737 sh | +10% |
| Exited | KARUNA THERAPEUTICS INC (KRTX) | 0.2% | — | −0.2 pts | −11,631 sh | −100% |
| Reduced | COINBASE GLOBAL INC (COIN) | 2.1% | 2.8% | +0.7 pts | −14,186 sh | −6% |
| Increased | IAC INC (IAC) | 3.8% | 3.7% | −0.1 pts | +70,373 sh | +5% |
| Reduced | FISERV INC (FISV) | 1.8% | 1.8% | 0.0 pts | −23,234 sh | −9% |
| Increased | CANADA GOOSE HLDGS INC (GOOS) | 2.4% | 2.4% | 0.0 pts | +291K sh | +8% |
| Reduced | UBS GROUP AG (UBS) | 4.0% | 3.5% | −0.5 pts | −111K sh | −5% |
| Reduced | ROCKET COS INC (RKT) | 0.3% | 0.1% | −0.2 pts | −214K sh | −60% |
| Reduced | GENERAL MTRS CO (GM) | 3.6% | 4.0% | +0.4 pts | −68,595 sh | −4% |
| Reduced | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 2.7% | 2.5% | −0.2 pts | −120K sh | −5% |
| Reduced | MATTEL INC (MAT) | 3.3% | 3.1% | −0.2 pts | −122K sh | −4% |
| Reduced | CVS HEALTH CORP (CVS) | 2.5% | 2.2% | −0.3 pts | −28,403 sh | −5% |
| Increased | PRECIGEN INC (PGEN) | 1.1% | 1.2% | +0.1 pts | +1.47M sh | +9% |
| Reduced | DIAMONDBACK ENERGY INC (FANG) | 0.1% | 0.0% | −0.1 pts | −7,000 sh | −70% |
| Exited | SPDR S&P 500 ETF TR (SPY) | 0.1% | — | −0.1 pts | −2,091 sh | −100% |
| Increased | ENERGY TRANSFER L P (ET) | 4.1% | 4.3% | +0.2 pts | +67,312 sh | +1% |
| Increased | ILLUMINA INC (ILMN) | 1.8% | 1.6% | −0.1 pts | +4,609 sh | +2% |
| Reduced | VONTIER CORPORATION (VNT) | 0.1% | 0.1% | 0.0 pts | −10,000 sh | −25% |
| Reduced | CROCS INC (CROX) | 2.1% | 2.9% | +0.8 pts | −2,953 sh | −1% |
| Reduced | WESTERN ALLIANCE BANCORP (WAL) | 1.6% | 1.4% | −0.2 pts | −5,992 sh | −1% |
| Reduced | PELOTON INTERACTIVE INC (PTON) | 2.0% | 1.3% | −0.7 pts | −60,709 sh | −1% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 4.1% | 4.5% | +0.4 pts | +3,075 sh | 0% |
| Increased | ALPHABET INC (GOOGL) | 4.5% | 4.4% | 0.0 pts | +949 sh | 0% |
| Reduced | SOFI TECHNOLOGIES INC (SOFI) | 2.0% | 1.3% | −0.7 pts | −15,945 sh | 0% |
| Reduced | CHESAPEAKE ENERGY CORP (EXE) | 1.1% | 1.2% | +0.1 pts | −326 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 — 45.5% of the equity book
Changes in the top 10 this quarter: META entered · UBS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMAZON COM INC (AMZN) | 5.8% | 5.7% | |
| 2 | CITIGROUP INC (C) | 5.2% | 5.5% | |
| 3 | EXPEDIA GROUP INC (EXPE) | 7.5% | 4.9% | |
| 4 | ONEMAIN HLDGS INC (OMF) | 5.6% | 4.6% | |
| 5 | DELTA AIR LINES INC DEL (DAL) | 4.1% | 4.5% | |
| 6 | ALPHABET INC (GOOGL) | 4.5% | 4.4% | |
| 7 | ENERGY TRANSFER L P (ET) | 4.1% | 4.3% | |
| 8 | GENERAL MTRS CO (GM) | 3.6% | 4.0% | |
| 9 | META PLATFORMS INC (META) | 3.5% | 3.9% | Entered the top 10 |
| 10 | IAC INC (IAC) | 3.8% | 3.7% | |
| — | UBS GROUP AG (UBS) | 4.0% | 3.5% | 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).