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Patient Capital Management, LLCtracked

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CIK 1854794

13F portfolio (2026-Q1)
$2.7B
Positions
38
Implied 1Y CAGR
+28.0%
modeled · as filed

Reported long US book (13F) · Δ vs 2025-Q4 · methodology

Implied return what this book implies methodology →

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As filed = each book applied at quarter-end (what it did) · As copyable = applied at the 45-day filing deadline (what a follower could have earned).

Computing…

Exposures · what it owns, by sector & size (2026-Q1)

Holdings
38
Top 5
28.2%
Top 10
49.7%
Effective N
26.6
HHI
0.038
This quarter
2 new · 0 exit →

By sector

Financials: 21.7%Consumer Discretionary: 19.5%Health Care: 17.8%Information Technology: 12.1%Communication Services: 9.4%Energy: 6.2%Utilities: 4.4%Industrials: 3.9%Other: 5.0%Sector
Financials21.7%
Consumer Discretionary19.5%
Health Care17.8%
Information Technology12.1%
Communication Services9.4%
Energy6.2%
Utilities4.4%
Industrials3.9%
Other5.0%

By market cap

Large ($10–200B): 41.1%Mega (>$200B): 29.8%Mid ($2–10B): 22.9%Unknown: 5.8%Small ($300M–2B): 0.5%Size
Large ($10–200B)41.1%
Mega (>$200B)29.8%
Mid ($2–10B)22.9%
Unknown5.8%
Small ($300M–2B)0.5%

By region

North America: 94.2%Other: 2.4%Europe: 1.8%Asia-Pacific: 1.5%Region
North America94.2%
Other2.4%
Europe1.8%
Asia-Pacific1.5%

By industry group GICS — finer than sector

Industry groupWeightNames
Banks15.27%7
Software & IT Services14.15%4
Pharmaceuticals & Biotechnology11.68%3
Specialty Retail6.63%2
Oil, Gas & Consumable Fuels6.20%3
Distributors4.91%1
Semiconductors & Semiconductor Equipment4.62%1
Insurance4.41%1
Utilities4.38%1
Marine4.01%1
Airlines3.88%2
Food & Staples Retailing3.63%1
Software2.69%1
Chemicals2.61%1
Life Sciences Tools & Services2.50%1
Unclassified2.42%4
Automobiles & Components2.07%1
Commercial Services & Supplies2.01%1
Transportation Infrastructure1.44%1
Hotels, Restaurants & Leisure0.47%1

Top holdings

#TickerNameSectorWeight
1RPRXRoyalty Pharma plcHealth Care6.52%
2CCITIGROUP INCFinancials5.98%
3GOOGLAlphabet Inc.Communication Services5.73%
4AMZNAMAZON COM INCConsumer Discretionary5.08%
5QXOQXO, Inc.Consumer Discretionary4.91%
6NVDANVIDIA CORPInformation Technology4.62%
7UNHUNITEDHEALTH GROUP INCFinancials4.41%
8ETEnergy Transfer LPUtilities4.38%
9PPLIPeople IncInformation Technology4.03%
10NCLHNorwegian Cruise Line Holdings Ltd.Consumer Discretionary4.01%

34/38 classified; unclassified names are still shown.

Sector allocation over time · how the sector mix & top names shifted each quarter

top 5 per sector, the rest → “Other” · 18 quarters
0%25%50%75%100%202120222023202420252026AMZNEXPENCLHMATQXOOther Consumer DiscretionaryCOMFUBSFISVUNHOther FinancialsBABADALUALUBERADTOther IndustrialsRPRXCVSBIIBTEVAPGENOther Health CareGOOGLMETAANGIPPLINVDADXCVNTADBEOther Information TechnologyOVVSDRLKOSFANGNEOther EnergyETNFECROXCLFSPLKFTCHQFBTCTIVITY HEALTH INCAVIDOther Unclassified

Sector allocation over 18 reported quarters, 2021-Q4 to 2026-Q1, 49 bands (top holdings within each sector). Latest quarter 2026-Q1: RPRX 6.5%, C 6.0%, Other Financials 5.9%, GOOGL 5.7%, AMZN 5.1%. Use the arrow keys to read a quarter.

Consumer DiscretionaryAMZN, EXPE, NCLH, MAT, QXO · other
FinancialsC, OMF, UBS, FISV, UNH · other
IndustrialsBABA, DAL, UAL, UBER, ADT · other
Health CareRPRX, CVS, BIIB, TEVA, PGEN · other
Communication ServicesGOOGL, META, ANGI
Information TechnologyPPLI, NVDA, DXC, VNT, ADBE · other
EnergyOVV, SDRL, KOS, FANG, NE · other
UtilitiesET, NFE
MaterialsCROX, CLF
UnclassifiedSPLK, FTCHQ, FBTC, TIVITY HEALTH INC, AVID · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 97.6% of the book is classified (unclassified names are still shown).

Style box · size × value-growth placement (2026-Q1), classified on today's fundamentals (not point-in-time) — load into PORT to overlay your own book

ValueCore (blend)GrowthSmallMidLarge2%12%7%6%5%10%7%19%
holdings, colored by sector (25 classified)Patient Capital Management, LLC centroid (Mid Core)
Consumer DiscretionaryFinancialsCommunication ServicesHealth CareInformation TechnologyIndustrialsEnergy

Style box summary for Patient Capital Management, LLC: centroid Mid Core. Heaviest cells: Large Growth 19.1%, Small Growth 12.1%, Large Value 9.6%.

Classified: 68.5% of book weight (25/38 names) · unclassified 31.5%.

Contribution holdings-based, any period

Attribution lands once this book has priced history across the window. Try a longer period.

Holdings· 38 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#SecuritySharesValueWeightΔ QoQ
1RPRXROYALTY PHARMA PLC3,643,716$175M6.5%ADD 9%
2CCITIGROUP INC1,413,870$160M6.0%ADD 9%
3GOOGLALPHABET INC533,993$154M5.7%TRIM −8%
4AMZNAMAZON COM INC654,419$136M5.1%ADD 16%
5QXOQXO INC6,778,389$132M4.9%ADD 5%
6NVDANVIDIA CORPORATION711,115$124M4.6%ADD 11%
7UNHUNITEDHEALTH GROUP INC437,141$118M4.4%ADD 19%
8ETENERGY TRANSFER L P6,088,203$118M4.4%ADD 15%
9PPLIIAC INC2,699,564$108M4.0%ADD 14%
10NCLHNORWEGIAN CRUISE LINE HLDGS5,749,640$108M4.0%ADD 8%
11SDRLSEADRILL LTD2,152,685$98M3.7%ADD 5%
12METAMETA PLATFORMS INC171,086$98M3.6%ADD 20%
13CVSCVS HEALTH CORP1,357,159$97M3.6%ADD 10%
14COINCOINBASE GLOBAL INC430,405$75M2.8%ADD 141%
15ADBEADOBE INC297,279$72M2.7%NEW
16CROXCROCS INC842,842$70M2.6%ADD 11%
17BIIBBIOGEN INC379,741$70M2.6%TRIM −34%
18PGENPRECIGEN INC17,817,387$69M2.6%TRIM −5%
19UALUNITED AIRLS HLDGS INC732,020$67M2.5%ADD 12%
20ILMNILLUMINA INC544,780$67M2.5%TRIM −5%
21NENOBLE CORP PLC1,347,854$66M2.5%ADD 5%
22GMGENERAL MTRS CO744,630$55M2.1%TRIM −4%
23FISVFISERV INC968,194$54M2.0%ADD 274%
24CHYMCHIME FINL INC2,882,016$54M2.0%ADD 42%
25UBSUBS GROUP AG1,241,955$49M1.8%ADD 5%
26IBITISHARES BITCOIN TRUST ETF1,100,000$42M1.6%NEW
27OMFONEMAIN HLDGS INC781,371$42M1.6%TRIM −5%
28JDJD.COM INC1,399,468$41M1.5%ADD 66%
29EXPEEXPEDIA GROUP INC167,784$39M1.4%TRIM −5%
30DALDELTA AIR LINES INC552,514$37M1.4%TRIM −19%
31SOFISoFi Technologies, Ince1,326,246$21M0.8%ADD 11%
32FBTCFIDELITY WISE ORIGIN BITCOIN353,831$21M0.8%TRIM −55%
33TEMTEMPUS AI INC442,199$20M0.7%ADD 16%
34PLAYDAVE & BUSTERS ENTMT INC1,151,658$12M0.5%TRIM −31%
35JPMJPMORGAN CHASE & CO29,362$9M0.3%HOLD
36APAAPA CORPORATION50,000$2M0.1%HOLD
37LEN.BLENNAR CORP12,500$1M0.0%HOLD
38SPYSTATE STR SPDR S&P 500 ETF T1,115$725,5710.0%ADD 4%

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed
Security2024-Q42025-Q12025-Q22025-Q32025-Q42026-Q1Latest value
RPRXROYALTY PHARMA PLC2.9M3.0M3.0M3.1M3.3M3.6M$175M
CCITIGROUP INC1.5M1.4M1.3M1.3M1.3M1.4M$160M
GOOGLALPHABET INC595K606K613K613K582K534K$154M
AMZNAMAZON COM INC610K574K563K562K563K654K$136M
QXOQXO INC7.7M7.3M6.5M6.5M6.5M6.8M$132M
NVDANVIDIA CORPORATION609K627K634K633K639K711K$124M
UNHUNITEDHEALTH GROUP INC——192K371K368K437K$118M
ETENERGY TRANSFER L P5.1M4.9M4.1M4.9M5.3M6.1M$118M
PPLIIAC INC1.7M1.7M1.7M2.1M2.4M2.7M$108M
NCLHNORWEGIAN CRUISE LINE HLDGS2.5M3.6M4.7M4.6M5.3M5.7M$108M
SDRLSEADRILL LTD1.7M2.0M2.2M2.2M2.1M2.2M$98M
METAMETA PLATFORMS INC148K146K144K144K143K171K$98M
CVSCVS HEALTH CORP1.3M1.3M1.2M1.2M1.2M1.4M$97M
COINCOINBASE GLOBAL INC203K204K204K172K179K430K$75M
ADBEADOBE INC—————297K$72M

Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.

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Firm lineageForm ADV + cited

Where this firm's principals came from, and what its alumni went on to found.

family tree & personnel →
joins filed 13F data only — no style, strategy or performance similarity is claimed · 13F 2026-Q1
Similar managers — “Similar” = same top sector (Financials) + closest 13F size, self excluded; NOT a style or performance match, and a filer whose real business is elsewhere (shorts, private, non-13F) can still surface.
Also hold RPRX — other Section 13(f) filers reporting a long position in this book's largest tickered holding for 2026-Q1. Lagged quarterly filings (up to 45 days after quarter-end); “% of shares out” is omitted where the reported share count can't carry it. % of shares outstanding not shown: no SEC cover-page share count falls within 120 days of the 2026-Q1 quarter end, so any percentage would rest on a count that cannot speak for this quarter. Holder share counts are shown as filed.
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