WhaleCreep

Montanova Capital, LLC 13F holdings, Q3 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-09-30, filed 2022-11-14

Montanova Capital, LLC disclosed 72 US equity positions worth $2.4bn in its Q3 2022 13F filing. Its largest position is UNH at 5.1% of the reported book, followed by UNP and LVS. Versus Q2 2022 it opened 12 new positions, added to 20, reduced 24 and exited 29.

$2.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
72
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.1%
Largest position
The largest single position as a share of the reported equity book.
37.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
39
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
51
Quarters on file since Q4 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2022: 12 new, 20 added, 24 reduced, 29 exited

50 of 72
UNH UNITEDHEALTH GROUP INCHealthcare5.1%$122m240,9970.0%held
UNP UNION PACIFIC CORPIndustrials4.4%$104m533,105+0.2%held
LVS LAS VEGAS SANDS CORPConsumer Cyclical3.8%$89.8m2.39m−18%reduced
MSFT MICROSOFT CORPTechnology3.8%$89.1m382,380+53%added
DIS DISNEY WALT COCommunication Services3.7%$87.4m926,850+164%added
AMZN AMAZON COM INCConsumer Cyclical3.5%$82.9m733,460–new
OTIS OTIS WORLDWIDE CORPIndustrials3.5%$82.8m1.30m0.0%held
EL LAUDER ESTEE COS INCConsumer Defensive3.4%$79.8m369,583+26%added
RPRX ROYALTY PHARMA PLCHealthcare3.1%$74.0m1.84m−40%reduced
GPN GLOBAL PMTS INCIndustrials3.0%$71.2m658,992+129%added
META META PLATFORMS INCCommunication Services2.8%$67.6m498,290–new
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical2.8%$65.8m545,171+51%added
IQV IQVIA HLDGS INCHealthcare2.7%$64.8m357,685−8.8%reduced
TPR TAPESTRY INCConsumer Cyclical2.6%$62.0m2.18m−3.0%reduced
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services2.5%$58.4m536,170–new
DHR DANAHER CORP DELHealthcare2.5%$58.4m226,142+3.6%added
NOW SERVICENOW INCTechnology2.5%$58.2m154,150+504%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare2.5%$58.2m114,725−5.5%reduced
KURA KURA ONCOLOGY INCHealthcare2.3%$55.5m4.06m+1.1%added
CANADIAN PAC RY LTD no ticker–2.2%$51.8m776,276+22%added
MA MASTERCARD INCFinancial Services2.2%$51.7m181,691−13%reduced
TMUS T-MOBILE US INCCommunication Services2.1%$49.6m369,828+372%added
V VISA INCFinancial Services2.0%$48.3m271,968−16%reduced
COR CENCORA INCHealthcare1.9%$46.3m341,779+8.6%added
HORIZON THERAPEUTICS PUB L no ticker–1.9%$44.1m712,561+46%added
ACLXGBX ARCELLX INC–1.8%$42.2m2.25m−8.9%reduced
ITCIEUR INTRA-CELLULAR THERAPIES INC–1.7%$39.6m851,958−36%reduced
XYZ BLOCK INCTechnology1.5%$36.4m661,540−2.7%reduced
MCK MCKESSON CORPHealthcare1.5%$35.6m104,8500.0%held
PROK PROKIDNEY CORP–1.2%$28.8m3.19m–new
FULC FULCRUM THERAPEUTICS INCHealthcare1.2%$28.5m3.53m+5.1%added
KEZAR LIFE SCIENCES INC no ticker–1.2%$28.2m3.28m−26%reduced
STRO SUTRO BIOPHARMA INCHealthcare1.2%$27.9m5.02m+8.1%added
COGT COGENT BIOSCIENCES INCHealthcare1.2%$27.8m1.86m+210%added
290A CHINOOK THERAPEUTICS INC–1.2%$27.3m1.39m−22%reduced
AGIO AGIOS PHARMACEUTICALS INCHealthcare1.1%$27.1m959,214−59%reduced
INSM INSMED INCHealthcare1.1%$26.5m1.23m−41%reduced
EYPT EYEPOINT INCHealthcare1.1%$25.6m3.23m+8.9%added
4XC1 KALVISTA PHARMACEUTICALS INC–1.0%$24.8m1.71m−11%reduced
MRNS* MARINUS PHARMACEUTICALS INC–1.0%$23.5m3.54m+0.8%added
PRTA PROTHENA CORP PLCHealthcare0.8%$19.2m316,531–new
GFL GFL ENVIRONMENTAL INCIndustrials0.8%$19.1m753,818−17%reduced
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.8%$18.9m134,800−54%reduced
POINT BIOPHARMA GLOBAL INC no ticker–0.8%$18.0m2.33m−23%reduced
HRTX HERON THERAPEUTICS INCHealthcare0.5%$11.8m2.81m−14%reduced
LLY ELI LILLY & COHealthcare0.5%$11.4m35,200–new
LEGN LEGEND BIOTECH CORPHealthcare0.5%$11.2m274,200–new
PEPG PEPGEN INCHealthcare0.5%$10.7m1.18m0.0%held
AKILI INC no ticker–0.3%$8.2m3.62m–new
ALVOTECH no ticker–0.3%$6.8m1.00m0.0%held

Exited since Q2 2022

29 rows
HUM HUMANA INC3.5%$92.5m
CNC CENTENE CORP DEL2.6%$68.3m
MRTXEUR MIRATI THERAPEUTICS INC2.4%$63.9m
VTRS VIATRIS INC1.5%$40.6m
FIS FIDELITY NATL INFORMATION SV1.5%$40.6m
RH RH1.1%$28.3m
MQ MARQETA INC1.1%$28.1m
EXMOC EXXON MOBIL CORP0.9%$24.9m
MNST MONSTER BEVERAGE CORP NEW0.9%$23.2m
CRNXGBP CRINETICS PHARMACEUTICALS IN0.8%$21.0m
MTCH MATCH GROUP INC NEW0.8%$20.1m
CMRXEUR CHIMERIX INC0.4%$11.0m
CVX CHEVRON CORPORATION0.4%$10.3m
OXY OCCIDENTAL PETE CORP0.4%$10.2m
COP CONOCOPHILLIPS0.4%$10.0m
BIOHAVEN PHARMACTL HLDG CO L no ticker0.3%$9.0m
RESEARCH ALLIANCE CORP II no ticker0.2%$4.9m
430 TERNS PHARMACEUTICALS INC0.1%$3.1m
OMEGA ALPHA SPAC no ticker0.1%$3.0m
EUROPEAN BIOTECH ACQUTN CORP no ticker0.1%$2.9m
HRMY HARMONY BIOSCIENCES HLDGS IN0.1%$2.9m
ROIV ROIVANT SCIENCES LTD0.1%$2.8m
TURMERIC ACQUISITION CORP no ticker0.08%$2.0m
BCLS ACQUISITION CORP no ticker0.08%$2.0m
OPY ACQUISITION CORP I no ticker0.07%$2.0m
TRDA ENTRADA THERAPEUTICS INC0.05%$1.3m
IMRX IMMUNEERING CORP0.04%$1.1m
EUCRATES BIOMEDICAL ACQU COR no ticker0.04%$990k
CANO HEALTH INC no ticker0.01%$257k

Sector mix

  • Healthcare32.6%
  • Unclassified15.9%
  • Consumer Cyclical13.4%
  • Industrials11.7%
  • Communication Services11.1%
  • Technology7.7%
  • Financial Services4.2%
  • Consumer Defensive3.4%

Book over time

Every quarter on file (51)
QuarterPositionsEquity book
Q2 202695$4.8bn
Q1 202688$3.7bn
Q4 202590$4.0bn
Q3 202590$3.3bn
Q2 202595$2.7bn
Q1 202599$2.5bn
Q4 202494$2.7bn
Q3 202496$2.8bn
Q2 202497$2.5bn
Q1 202499$2.4bn
Q4 202387$2.2bn
Q3 202387$1.9bn
Q2 2023100$1.9bn
Q1 202392$2.1bn
Q4 202289$2.4bn
Q3 202272$2.4bn
Q2 202289$2.6bn
Q1 202287$3.3bn
Q4 202194$5.2bn
Q3 2021105$5.9bn
Q2 2021121$6.7bn
Q1 2021105$6.7bn
Q4 2020106$7.0bn
Q3 202092$5.5bn
Q2 202079$4.7bn
Q1 202064$3.7bn
Q4 201937$4.3bn
Q3 201938$3.7bn
Q2 201939$4.0bn
Q1 201934$2.8bn
Q4 201819$1.3bn
Q3 201821$4.3bn
Q2 201819$3.7bn
Q1 201818$3.9bn
Q4 201728$4.2bn
Q3 201716$3.4bn
Q2 201719$3.2bn
Q1 201736$3.1bn
Q4 201639$2.9bn
Q3 201626$2.6bn
Q2 201622$2.2bn
Q1 201620$2.5bn
Q4 201522$1.9bn
Q3 201515$831m
Q2 201531$2.1bn
Q1 201527$1.6bn
Q4 201426$1.4bn
Q3 201428$1.1bn
Q2 201432$1.1bn
Q1 201429$831m
Q4 201334$746m

Where Montanova Capital, LLC was early

71 rows
APD AIR PRODS & CHEMS INCQ1 20149 of 1694.8%7.7%8Exited by Q1 2021+148%
NEE NEXTERA ENERGY INCQ2 20145 of 1824.9%6.5%5Exited by Q3 2015−4.3%
ASH ASHLAND INC NEWQ2 201412 of 1291.3%2.2%2Exited by Q4 2014−4.3%
PEP PEPSICO INCQ2 201414 of 1392.6%2.7%2Exited by Q4 2014+4.2%
PPG PPG INDS INCQ3 20142 of 1381.9%5.3%6Exited by Q1 2017−3.7%
MDT MEDTRONIC PLCQ3 201410 of 1733.1%4.2%26Exited by Q2 2026+40%
CDK CDK GLOBAL INCQ4 20145 of 1393.7%3.7%2Exited by Q2 2015+15%
MSTR MICROSTRATEGY INCQ4 20145 of 1431.3%1.7%3Exited by Q3 2015+4.7%
FIVE FIVE BELOW INCQ1 20153 of 1741.1%2.6%10Exited by Q3 2024+206%
ARMK ARAMARKQ1 20156 of 1776.2%7.6%9Exited by Q4 2019+38%
NXPI NXP SEMICONDUCTORS N VQ1 201516 of 2283.8%3.9%5Exited by Q4 2021+95%
QSR RESTAURANT BRANDS INTL INCQ2 201513 of 1763.4%11.1%18Exited by Q4 2019+86%
PFE PFIZER INCQ3 201516 of 2082.4%7.6%7Exited by Q1 2024−3.4%
GOOG ALPHABET INCQ4 201521 of 3505.0%9.3%12Held at last filing, Q2 2026+831%
NWL NEWELL BRANDS INCQ2 201614 of 1565.2%5.2%2Exited by Q4 2016+8.4%
CHTR CHARTER COMMUNICATIONS INC NQ2 201615 of 26912.4%12.4%10Exited by Q1 2021+189%
USFD US FOODS HLDG CORPQ3 20167 of 1831.0%1.9%6Held at last filing, Q2 2026+333%
OPLN KAR AUCTION SVCS INCQ4 201613 of 1320.9%1.8%5Exited by Q1 2018+19%
CRM SALESFORCE INCQ4 201618 of 3031.4%17.1%17Exited by Q1 2026+287%
UNH UNITEDHEALTH GROUP INCQ4 201626 of 2991.7%5.7%31Held at last filing, Q2 2026+160%
CPRT COPART INCQ1 201712 of 1780.4%2.9%15Exited by Q1 2022+390%
FMC F M C CORPQ1 201712 of 1572.3%7.0%7Exited by Q4 2018+25%
MAR MARRIOTT INTL INC NEWQ2 201711 of 1823.2%3.2%7Exited by Q4 2022+40%
NSC NORFOLK SOUTHERN CORPQ4 201721 of 2052.3%2.5%6Exited by Q3 2020+21%
DE DEERE & COQ1 201815 of 1852.0%4.8%5Exited by Q2 2020−11%
BA BOEING COQ1 201819 of 2215.9%6.9%6Exited by Q1 2025−46%
PBF PBF ENERGY INCQ2 201812 of 1531.1%1.7%2Exited by Q4 2018+19%
BSX BOSTON SCIENTIFIC CORPQ3 201814 of 1932.1%6.1%23Held at last filing, Q2 2026+11%
IQV IQVIA HLDGS INCQ4 201812 of 2079.2%9.2%30Held at last filing, Q2 2026+66%
KBR KBR INCQ2 20197 of 1511.9%2.2%11Exited by Q1 2022+91%
KMB KIMBERLY CLARK CORPQ2 20198 of 1302.4%4.2%2Exited by Q4 2019+6.6%
IR INGERSOLL-RAND PLCQ2 201914 of 1312.4%2.4%2Exited by Q1 2020+6.0%
LMT LOCKHEED MARTIN CORPQ2 201916 of 1785.8%5.8%2Exited by Q4 2019+7.3%
LHX L3HARRIS TECHNOLOGIES INCQ3 20192 of 1604.4%4.4%4Exited by Q3 2020−19%
NVST ENVISTA HLDGS CORPQ3 20195 of 1370.2%1.1%2Exited by Q1 2020+6.3%
FICO FAIR ISAAC CORPQ3 201913 of 1860.5%1.1%2Exited by Q1 2020+23%
LYFT LYFT INCQ3 201917 of 2581.2%1.8%5Exited by Q2 2021+55%
SPCE VIRGIN GALACTIC HOLDINGS INCQ4 20191 of 981.5%1.5%2Exited by Q2 2020+28%
GFL GFL ENVIRONMENTAL INCQ1 20202 of 1201.2%3.4%13Exited by Q3 2023+158%
STRO SUTRO BIOPHARMA INCQ1 20207 of 820.02%1.9%23Exited by Q4 2025−91%
4XC1 KALVISTA PHARMACEUTICALS INCQ1 20209 of 910.02%2.6%25Exited by Q2 2026+163%
INSM INSMED INCQ1 202012 of 1800.03%6.9%23Exited by Q1 2026+986%
RPRX ROYALTY PHARMA PLCQ2 20202 of 1242.2%6.0%18Exited by Q4 2024−42%
OTIS OTIS WORLDWIDE CORPQ2 20206 of 1473.2%4.3%11Exited by Q1 2023+38%
APH AMPHENOL CORPQ2 20209 of 1861.5%1.8%3Held at last filing, Q2 2026+636%
MRNS* MARINUS PHARMACEUTICALS INCQ3 20207 of 680.2%2.7%17Exited by Q4 2024–
GH GUARDANT HEALTH INCQ3 202014 of 1820.9%1.3%3Exited by Q2 2021+37%
OPEN OPENDOOR TECHNOLOGIES INCQ4 20202 of 1452.5%3.3%5Exited by Q1 2022−36%
290A CHINOOK THERAPEUTICS INCQ4 20206 of 770.1%3.6%11Exited by Q3 2023+142%
PWR QUANTA SVCS INCQ4 202016 of 1790.9%2.7%5Exited by Q1 2022+59%

Concentration and tenure

7.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
47.6%
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