Patient Capital Management LLC's Q2 2025 13F: 4 new positions, 3 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 13, 2025 · 40 reported positions · accession 0001085146-25-004963
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | UNITEDHEALTH GROUP INC (UNH) | — | 2.7% | +2.7 pts | +192K sh | new |
| Reduced | GENERAL MTRS CO (GM) | 3.7% | 2.1% | −1.6 pts | −582K sh | −38% |
| New | TEMPUS AI INC (TEM) | — | 1.1% | +1.1 pts | +389K sh | new |
| Exited | NEW FORTRESS ENERGY INC (NFE) | 1.1% | — | −1.1 pts | −2.48M sh | −100% |
| Increased | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 3.5% | 4.3% | +0.8 pts | +1.12M sh | +31% |
| Reduced | CANADA GOOSE HLDGS INC (GOOS) | 1.1% | 0.4% | −0.7 pts | −1.97M sh | −73% |
| New | NOBLE CORP PLC (NE) | — | 0.9% | +0.9 pts | +718K sh | new |
| Reduced | BIOGEN INC (BIIB) | 3.2% | 1.8% | −1.4 pts | −135K sh | −30% |
| Reduced | MATTEL INC (MAT) | 2.3% | 1.3% | −1.0 pts | −847K sh | −37% |
| Reduced | QXO INC (QXO) | 5.1% | 6.4% | +1.3 pts | −743K sh | −10% |
| Reduced | ENERGY TRANSFER L P (ET) | 4.7% | 3.3% | −1.3 pts | −807K sh | −17% |
| New | ANGI INC (ANGI) | — | 0.6% | +0.6 pts | +808K sh | new |
| Increased | ILLUMINA INC (ILMN) | 1.9% | 2.5% | +0.6 pts | +124K sh | +27% |
| Exited | CARVANA CO (CVNA) | 0.5% | — | −0.5 pts | −47,322 sh | −100% |
| Reduced | SOFI TECHNOLOGIES INC (SOFI) | 2.1% | 2.6% | +0.5 pts | −377K sh | −11% |
| Increased | SEADRILL LTD (SDRL) | 2.5% | 2.6% | +0.1 pts | +257K sh | +13% |
| Increased | DELTA AIR LINES INC DEL (DAL) | 1.7% | 2.0% | +0.3 pts | +131K sh | +17% |
| Reduced | CVS HEALTH CORP (CVS) | 4.6% | 3.9% | −0.8 pts | −83,714 sh | −6% |
| Reduced | CITIGROUP INC (C) | 5.1% | 5.2% | 0.0 pts | −59,348 sh | −4% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 3.6% | 2.6% | −1.1 pts | −34,979 sh | −7% |
| Reduced | UBS GROUP AG (UBS) | 3.2% | 3.0% | −0.3 pts | −105K sh | −5% |
| Reduced | EXPEDIA GROUP INC (EXPE) | 2.4% | 2.0% | −0.4 pts | −16,942 sh | −6% |
| Reduced | AMAZON COM INC (AMZN) | 5.6% | 5.6% | 0.0 pts | −10,534 sh | −2% |
| Increased | KOSMOS ENERGY LTD (KOS) | 2.1% | 1.5% | −0.6 pts | +1.33M sh | +7% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 2.7% | 2.7% | 0.0 pts | −39,992 sh | −4% |
| Reduced | DAVE & BUSTERS ENTMT INC (PLAY) | 2.0% | 2.9% | +0.9 pts | −68,220 sh | −3% |
| Increased | IAC INC (IAC) | 4.0% | 2.9% | −1.0 pts | +54,343 sh | +3% |
| Reduced | PRECIGEN INC (PGEN) | 1.3% | 1.0% | −0.3 pts | −1.1M sh | −6% |
| Increased | ALPHABET INC (GOOGL) | 4.8% | 4.9% | +0.1 pts | +7,361 sh | +1% |
| Increased | NVIDIA CORPORATION (NVDA) | 3.5% | 4.5% | +1.0 pts | +7,221 sh | +1% |
| Reduced | META PLATFORMS INC (META) | 4.3% | 4.8% | +0.5 pts | −1,371 sh | −1% |
| Reduced | CROCS INC (CROX) | 2.8% | 2.3% | −0.5 pts | −8,021 sh | −2% |
| Reduced | PELOTON INTERACTIVE INC (PTON) | 0.9% | 0.8% | −0.1 pts | −98,228 sh | −4% |
| Increased | ROYALTY PHARMA PLC (RPRX) | 4.8% | 4.9% | +0.1 pts | +15,342 sh | +1% |
| Increased | CLEAR SECURE INC (YOU) | 0.2% | 0.2% | 0.0 pts | +14,700 sh | +12% |
| Exited | BRILLIANT EARTH GROUP INC (BRLT) | 0.0% | — | 0.0 pts | −100K sh | −100% |
| Reduced | UNITED AIRLS HLDGS INC (UAL) | 2.4% | 2.4% | 0.0 pts | −1,973 sh | 0% |
| Increased | JD.COM INC (JD) | 1.7% | 1.2% | −0.5 pts | +3,207 sh | 0% |
| Reduced | COINBASE GLOBAL INC (COIN) | 1.8% | 3.2% | +1.4 pts | −172 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 — 47.7% of the equity book
Changes in the top 10 this quarter: NVDA entered · NCLH entered · IAC left · GM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | QXO INC (QXO) | 5.1% | 6.4% | |
| 2 | AMAZON COM INC (AMZN) | 5.6% | 5.6% | |
| 3 | CITIGROUP INC (C) | 5.1% | 5.2% | |
| 4 | ALPHABET INC (GOOGL) | 4.8% | 4.9% | |
| 5 | ROYALTY PHARMA PLC (RPRX) | 4.8% | 4.9% | |
| 6 | META PLATFORMS INC (META) | 4.3% | 4.8% | |
| 7 | NVIDIA CORPORATION (NVDA) | 3.5% | 4.5% | Entered the top 10 |
| 8 | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 3.5% | 4.3% | Entered the top 10 |
| 9 | CVS HEALTH CORP (CVS) | 4.6% | 3.9% | |
| 10 | ENERGY TRANSFER L P (ET) | 4.7% | 3.3% | |
| — | IAC INC (IAC) | 4.0% | 2.9% | Left the top 10 |
| — | GENERAL MTRS CO (GM) | 3.7% | 2.1% | 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).