WhaleCreep

Montanova Capital, LLC 13F holdings, Q4 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-12-31, filed 2023-02-14

Montanova Capital, LLC disclosed 89 US equity positions worth $2.4bn in its Q4 2022 13F filing. Its largest position is UNH at 5.7% of the reported book, followed by UNP and OTIS. Versus Q3 2022 it opened 41 new positions, added to 19, reduced 15 and exited 24.

$2.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
89
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.7%
Largest position
The largest single position as a share of the reported equity book.
39.3%
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 Q3 2022: 41 new, 19 added, 15 reduced, 24 exited

50 of 89
UNH UNITEDHEALTH GROUP INCHealthcare5.7%$136m256,714+6.5%added
UNP UNION PACIFIC CORPIndustrials4.5%$108m521,173−2.2%reduced
OTIS OTIS WORLDWIDE CORPIndustrials4.3%$102m1.30m0.0%held
HORIZON THERAPEUTICS PUB L no ticker–4.2%$99.5m874,291+23%added
EL LAUDER ESTEE COS INCConsumer Defensive4.2%$98.9m398,506+7.8%added
TPR TAPESTRY INCConsumer Cyclical3.5%$83.0m2.18m0.0%held
KURA KURA ONCOLOGY INCHealthcare3.3%$79.1m6.38m+57%added
LVS LAS VEGAS SANDS CORPConsumer Cyclical3.3%$78.1m1.63m−32%reduced
RPRX ROYALTY PHARMA PLCHealthcare3.3%$78.0m1.97m+7.2%added
ACLXGBX ARCELLX INC–3.1%$72.8m2.35m+4.5%added
NKE NIKE INCConsumer Cyclical2.4%$58.3m497,937–new
CANADIAN PAC RY LTD no ticker–2.4%$57.1m765,840−1.3%reduced
WYNN WYNN RESORTS LTDConsumer Cyclical2.4%$56.5m685,001–new
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical2.3%$55.2m436,756−20%reduced
ITCIEUR INTRA-CELLULAR THERAPIES INC–2.3%$54.9m1.04m+22%added
T AT&T INCCommunication Services2.3%$54.3m2.95m–new
BHVN BIOHAVEN LTDHealthcare2.2%$53.4m3.85m+6145%added
XYZ BLOCK INCTechnology2.2%$53.1m844,303+28%added
CL COLGATE PALMOLIVE COConsumer Defensive2.1%$50.8m644,580–new
INSM INSMED INCHealthcare2.1%$50.4m2.52m+105%added
SCHW SCHWAB CHARLES CORPFinancial Services2.1%$50.3m604,204–new
FIS FIDELITY NATL INFORMATION SVTechnology2.0%$47.0m693,005–new
STRO SUTRO BIOPHARMA INCHealthcare1.9%$45.0m5.57m+11%added
SBUX STARBUCKS CORPConsumer Cyclical1.9%$44.4m448,041–new
DG DOLLAR GEN CORPConsumer Defensive1.8%$42.8m173,850–new
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare1.6%$37.9m817,171+819%added
290A CHINOOK THERAPEUTICS INC–1.6%$37.9m1.44m+3.9%added
CEG CONSTELLATION ENERGY CORPUtilities1.6%$37.2m431,969–new
430 TERNS PHARMACEUTICALS INC–1.5%$35.1m3.45m–new
AMD ADVANCED MICRO DEVICES INCTechnology1.3%$31.3m483,756–new
FULC FULCRUM THERAPEUTICS INCHealthcare1.3%$31.1m4.27m+21%added
XLE SELECT SECTOR SPDR TR–1.3%$30.0m342,570–new
META META PLATFORMS INCCommunication Services1.2%$29.6m246,259−51%reduced
ORCL ORACLE CORPTechnology1.2%$29.3m358,313–new
KEZAR LIFE SCIENCES INC no ticker–1.0%$24.7m3.50m+7.0%added
GFL GFL ENVIRONMENTAL INCIndustrials0.9%$22.0m753,8180.0%held
PROK PROKIDNEY CORP–0.9%$21.9m3.19m0.0%held
MCK MCKESSON CORPHealthcare0.9%$21.8m58,108−45%reduced
COGT COGENT BIOSCIENCES INCHealthcare0.9%$20.9m1.81m−2.7%reduced
COR CENCORA INCHealthcare0.9%$20.7m124,658−64%reduced
AGIO AGIOS PHARMACEUTICALS INCHealthcare0.8%$19.3m685,772−29%reduced
MRNS* MARINUS PHARMACEUTICALS INC–0.8%$19.2m4.82m+36%added
POINT BIOPHARMA GLOBAL INC no ticker–0.8%$19.2m2.63m+13%added
DFSEUR DISCOVER FINL SVCS–0.7%$16.3m166,809–new
ELV ELEVANCE HEALTH INCHealthcare0.6%$14.9m28,971–new
NVDA NVIDIA CORPORATIONTechnology0.5%$12.8m87,358–new
PRTA PROTHENA CORP PLCHealthcare0.5%$12.4m206,448−35%reduced
ROST ROSS STORES INCConsumer Cyclical0.5%$12.2m105,040–new
EYPT EYEPOINT INCHealthcare0.5%$11.7m3.35m+3.5%added
ORIC ORIC PHARMACEUTICALS INCHealthcare0.5%$11.2m1.90m0.0%held

Exited since Q3 2022

24 rows
MSFT MICROSOFT CORP3.8%$89.1m
DIS DISNEY WALT CO3.7%$87.4m
AMZN AMAZON COM INC3.5%$82.9m
GPN GLOBAL PMTS INC3.0%$71.2m
TTWO TAKE-TWO INTERACTIVE SOFTWAR2.5%$58.4m
NOW SERVICENOW INC2.5%$58.2m
MA MASTERCARD INC2.2%$51.7m
TMUS T-MOBILE US INC2.1%$49.6m
V VISA INC2.0%$48.3m
MAR MARRIOTT INTL INC NEW0.8%$18.9m
HRTX HERON THERAPEUTICS INC0.5%$11.8m
LLY ELI LILLY & CO0.5%$11.4m
LEGN LEGEND BIOTECH CORP0.5%$11.2m
PHVS PHARVARIS N V0.2%$5.7m
SLDB SOLID BIOSCIENCES INC0.2%$4.2m
BOLT BOLT BIOTHERAPEUTICS INC0.2%$4.0m
GEMINI THERAPEUTICS INC no ticker0.2%$3.9m
THIRD HARMONIC BIO INC no ticker0.2%$3.8m
NUVLEUR NUVALENT INC0.08%$2.0m
AXONEUR SIO GENE THERAPIES INC0.07%$1.7m
AMBRX BIOPHARMA INC no ticker0.07%$1.6m
OTICEUR OTONOMY INC0.04%$928k
FRAZIER LIFESCIENCES ACQU CO no ticker0.04%$872k
TURMERIC ACQUISITION CORP no ticker0.0%$1.0k

Sector mix

  • Healthcare29.4%
  • Unclassified22.0%
  • Consumer Cyclical16.3%
  • Industrials9.7%
  • Consumer Defensive8.1%
  • Technology7.3%
  • Communication Services3.5%
  • Financial Services2.1%
  • Utilities1.6%

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