WhaleCreep

Politan Capital Management LP 13F holdings, Q3 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-11-14

Politan Capital Management LP disclosed 21 US equity positions worth $1.1bn in its Q3 2025 13F filing. Its largest position is MASI* at 61.5% of the reported book, followed by CNC and AZTA. Versus Q2 2025 it opened 2 new positions, added to 13, reduced 4 and exited 0.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
21
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
61.5%
Largest position
The largest single position as a share of the reported equity book.
99.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
2
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
19
Quarters on file since Q4 2021
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2025: 2 new, 13 added, 4 reduced, 0 exited

21 rows
MASI* MASIMO CORP–61.5%$677m4.59m−2.7%reduced
CNC CENTENE CORP DELHealthcare24.0%$264m7.41m−7.9%reduced
AZTA AZENTA INCHealthcare12.1%$133m4.62m0.0%held
IWM ISHARES TR–0.4%$4.3m17,569−9.7%reduced
VTWO VANGUARD SCOTTSDALE FDS–0.3%$3.2m32,315–new
CSGP COSTAR GROUP INCReal Estate0.2%$2.3m27,635+11%added
PFGC PERFORMANCE FOOD GROUP COConsumer Defensive0.2%$1.8m17,121+18%added
APD AIR PRODUCTS AND CHEMICALS IBasic Materials0.1%$1.4m5,202+13%added
DIS DISNEY WALT COCommunication Services0.1%$1.4m12,296+4.0%added
MIDD MIDDLEBY CORPIndustrials0.1%$1.4m10,215+14%added
HONGBP HONEYWELL INTL INC–0.1%$1.3m6,317+8.8%added
GOOG ALPHABET INCCommunication Services0.1%$1.2m5,059+5.6%added
FUN SIX FLAGS ENTERTAINMENT CORPConsumer Cyclical0.10%$1.1m47,092+15%added
MSFT MICROSOFT CORPTechnology0.09%$946k1,826+7.3%added
META META PLATFORMS INCCommunication Services0.08%$932k1,269+2.1%added
IYE ISHARES TR–0.08%$931k19,599+14%added
AMZN AMAZON COM INCConsumer Cyclical0.08%$897k4,086+5.2%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare0.08%$873k1,799–new
BIO BIO RAD LABS INCHealthcare0.08%$848k3,024+17%added
GXO GXO LOGISTICS INCORPORATEDIndustrials0.08%$829k15,6760.0%held
GO GROCERY OUTLET HLDG CORPConsumer Defensive0.06%$608k37,863−8.7%reduced

Sector mix

  • Unclassified62.4%
  • Healthcare36.2%
  • Communication Services0.3%
  • Consumer Defensive0.2%
  • Real Estate0.2%
  • Industrials0.2%
  • Consumer Cyclical0.2%
  • Basic Materials0.1%
  • Technology0.09%

Book over time

Every quarter on file (19)
QuarterPositionsEquity book
Q2 20262$255m
Q1 20263$985m
Q4 20253$841m
Q3 202521$1.1bn
Q2 202519$1.4bn
Q1 20255$1.5bn
Q4 20244$1.5bn
Q3 20244$1.8bn
Q2 20243$1.6bn
Q1 20243$1.9bn
Q4 20233$1.8bn
Q3 20233$1.5bn
Q2 20233$1.7bn
Q1 20232$1.7bn
Q4 20222$1.8bn
Q3 20222$1.7bn
Q2 20221$1.1bn
Q1 20221$1.1bn
Q4 20211$1.0bn

Concentration and tenure

56.6%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
100%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters