Patient Capital Management LLC's Q3 2025 13F: 2 new positions, 1 exit
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Oct 30, 2025 · 41 reported positions · accession 0001854794-25-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | UNITEDHEALTH GROUP INC (UNH) | 2.7% | 5.1% | +2.4 pts | +179K sh | +93% |
| Increased | PRECIGEN INC (PGEN) | 1.0% | 3.5% | +2.4 pts | +10.19M sh | +63% |
| Reduced | KOSMOS ENERGY LTD (KOS) | 1.5% | 0.2% | −1.3 pts | −16.03M sh | −83% |
| Reduced | SOFI TECHNOLOGIES INC (SOFI) | 2.6% | 2.4% | −0.2 pts | −903K sh | −29% |
| Reduced | UBS GROUP AG (UBS) | 3.0% | 2.5% | −0.5 pts | −437K sh | −23% |
| Increased | ENERGY TRANSFER L P (ET) | 3.3% | 3.4% | 0.0 pts | +812K sh | +20% |
| Increased | IAC INC (IAC) | 2.9% | 2.9% | −0.1 pts | +369K sh | +21% |
| Reduced | COINBASE GLOBAL INC (COIN) | 3.2% | 2.3% | −0.9 pts | −31,764 sh | −16% |
| Increased | MATTEL INC (MAT) | 1.3% | 1.4% | +0.1 pts | +635K sh | +43% |
| Increased | BIOGEN INC (BIIB) | 1.8% | 2.2% | +0.4 pts | +76,183 sh | +24% |
| Increased | NOBLE CORP PLC (NE) | 0.9% | 1.2% | +0.4 pts | +363K sh | +51% |
| Exited | CANADA GOOSE HLDGS INC (GOOS) | 0.4% | — | −0.4 pts | −735K sh | −100% |
| Increased | CROCS INC (CROX) | 2.3% | 2.0% | −0.3 pts | +85,416 sh | +17% |
| Reduced | ONEMAIN HLDGS INC (OMF) | 2.7% | 2.1% | −0.5 pts | −95,588 sh | −9% |
| Increased | ROYALTY PHARMA PLC (RPRX) | 4.9% | 4.4% | −0.5 pts | +130K sh | +4% |
| Reduced | CITIGROUP INC (C) | 5.2% | 5.3% | +0.2 pts | −35,310 sh | −3% |
| Reduced | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 4.3% | 4.5% | +0.2 pts | −144K sh | −3% |
| Reduced | DELTA AIR LINES INC DEL (DAL) | 2.0% | 2.0% | 0.0 pts | −38,402 sh | −4% |
| Increased | JD.COM INC (JD) | 1.2% | 1.2% | 0.0 pts | +53,810 sh | +7% |
| Reduced | EXPEDIA GROUP INC (EXPE) | 2.0% | 2.2% | +0.2 pts | −8,378 sh | −3% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 2.6% | 3.5% | +0.9 pts | −9,433 sh | −2% |
| Reduced | PELOTON INTERACTIVE INC (PTON) | 0.8% | 0.9% | +0.1 pts | −156K sh | −6% |
| New | STRATEGY INC (MSTR) | — | 0.0% | 0.0 pts | +2,092 sh | new |
| Reduced | CLEAR SECURE INC (YOU) | 0.2% | 0.2% | 0.0 pts | −14,700 sh | −11% |
| Reduced | AMAZON COM INC (AMZN) | 5.6% | 4.9% | −0.6 pts | −1,506 sh | 0% |
| New | SPDR S&P 500 ETF TR (SPY) | — | 0.0% | 0.0 pts | +421 sh | new |
| Reduced | NVIDIA CORPORATION (NVDA) | 4.5% | 4.7% | +0.2 pts | −1,489 sh | 0% |
| Reduced | GENERAL MTRS CO (GM) | 2.1% | 2.3% | +0.2 pts | −4,156 sh | 0% |
| Reduced | META PLATFORMS INC (META) | 4.8% | 4.2% | −0.6 pts | −295 sh | 0% |
| Reduced | UNITED AIRLS HLDGS INC (UAL) | 2.4% | 2.6% | +0.2 pts | −2,136 sh | 0% |
| Reduced | CVS HEALTH CORP (CVS) | 3.9% | 3.7% | −0.1 pts | −2,030 sh | 0% |
| Reduced | ANGI INC (ANGI) | 0.6% | 0.5% | 0.0 pts | −8,663 sh | −1% |
| Reduced | QXO INC (QXO) | 6.4% | 5.0% | −1.4 pts | −5,175 sh | 0% |
| Reduced | ILLUMINA INC (ILMN) | 2.5% | 2.2% | −0.3 pts | −831 sh | 0% |
| Increased | DAVE & BUSTERS ENTMT INC (PLAY) | 2.9% | 1.6% | −1.3 pts | +3,970 sh | 0% |
| Increased | ALPHABET INC (GOOGL) | 4.9% | 6.0% | +1.1 pts | +280 sh | 0% |
| Reduced | TEMPUS AI INC (TEM) | 1.1% | 1.3% | +0.1 pts | −757 sh | 0% |
| Reduced | FIDELITY WISE ORIGIN BITCOIN (FBTC) | 2.6% | 2.5% | −0.2 pts | −474 sh | 0% |
| Increased | SEADRILL LTD (SDRL) | 2.6% | 2.7% | +0.1 pts | +387 sh | 0% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 0.4% | 0.4% | 0.0 pts | −4 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 — 48.0% of the equity book
Changes in the top 10 this quarter: UNH entered · ET left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ALPHABET INC (GOOGL) | 4.9% | 6.0% | |
| 2 | CITIGROUP INC (C) | 5.2% | 5.3% | |
| 3 | UNITEDHEALTH GROUP INC (UNH) | 2.7% | 5.1% | Entered the top 10 |
| 4 | QXO INC (QXO) | 6.4% | 5.0% | |
| 5 | AMAZON COM INC (AMZN) | 5.6% | 4.9% | |
| 6 | NVIDIA CORPORATION (NVDA) | 4.5% | 4.7% | |
| 7 | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 4.3% | 4.5% | |
| 8 | ROYALTY PHARMA PLC (RPRX) | 4.9% | 4.4% | |
| 9 | META PLATFORMS INC (META) | 4.8% | 4.2% | |
| 10 | CVS HEALTH CORP (CVS) | 3.9% | 3.7% | |
| — | ENERGY TRANSFER L P (ET) | 3.3% | 3.4% | 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).