Patient Capital Management 13F, Q3 2025
Samantha McLemore · quarter ending 30 September 2025 · filed 30 October 2025 · SEC CIK 1854794
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 41 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| ALPHABET INC | GOOGL | $149.10M | 6.0% | unchanged |
| CITIGROUP INC | C | $133.01M | 5.3% | -3% shares |
| UNITEDHEALTH GROUP INC | UNH | $128.23M | 5.1% | +94% shares |
| QXO INC | QXO | $124.60M | 5.0% | unchanged |
| AMAZON COM INC | AMZN | $123.39M | 4.9% | unchanged |
| NVIDIA CORPORATION | NVDA | $118.05M | 4.7% | unchanged |
| NORWEGIAN CRUISE LINE HLDG L | $112.43M | 4.5% | -3% shares | |
| ROYALTY PHARMA PLC | $110.00M | 4.4% | +4% shares | |
| META PLATFORMS INC | META | $105.75M | 4.2% | unchanged |
| CVS HEALTH CORP | CVS | $93.48M | 3.7% | unchanged |
| ALIBABA GROUP HLDG LTD | BABA | $87.52M | 3.5% | unchanged |
| PRECIGEN INC | PGEN | $87.06M | 3.5% | +63% shares |
| ENERGY TRANSFER L P | ET | $83.88M | 3.4% | +20% shares |
| IAC INC | PPLI | $71.83M | 2.9% | +21% shares |
| SEADRILL LTD | $67.37M | 2.7% | unchanged | |
| UNITED AIRLS HLDGS INC | UAL | $64.32M | 2.6% | unchanged |
| FIDELITY WISE ORIGIN BITCOIN | FBTC | $61.86M | 2.5% | unchanged |
| UBS GROUP AG | $61.53M | 2.5% | -23% shares | |
| SOFI TECHNOLOGIES INC | SOFI | $59.55M | 2.4% | -29% shares |
| COINBASE GLOBAL INC | COIN | $57.96M | 2.3% | -16% shares |
| GENERAL MTRS CO | GM | $57.35M | 2.3% | unchanged |
| BIOGEN INC | BIIB | $55.56M | 2.2% | +24% shares |
| ILLUMINA INC | ILMN | $55.21M | 2.2% | unchanged |
| EXPEDIA GROUP INC | EXPE | $54.18M | 2.2% | -3% shares |
| ONEMAIN HLDGS INC | OMF | $52.90M | 2.1% | -9% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Patient Capital Management opened 2 new positions, added to 10, trimmed 11, left 18 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001854794-25-000004, filed by Patient Capital Management, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.