WhaleCreep

Montanova Capital, LLC 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Montanova Capital, LLC disclosed 92 US equity positions worth $2.1bn in its Q1 2023 13F filing. Its largest position is RPRX at 5.3% of the reported book, followed by HORIZON THERAPEUTICS PUB L and KURA. Versus Q4 2022 it opened 23 new positions, added to 34, reduced 14 and exited 20.

$2.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
92
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.3%
Largest position
The largest single position as a share of the reported equity book.
38.3%
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 Q4 2022: 23 new, 34 added, 14 reduced, 20 exited

50 of 92
RPRX ROYALTY PHARMA PLCHealthcare5.3%$110m3.05m+54%added
HORIZON THERAPEUTICS PUB L no ticker–5.1%$106m973,755+11%added
KURA KURA ONCOLOGY INCHealthcare3.9%$80.4m6.57m+3.1%added
UNH UNITEDHEALTH GROUP INCHealthcare3.8%$78.1m165,164−36%reduced
META META PLATFORMS INCCommunication Services3.6%$75.1m354,198+44%added
ACLXGBX ARCELLX INC–3.6%$73.9m2.40m+2.0%added
WYNN WYNN RESORTS LTDConsumer Cyclical3.5%$72.7m649,761−5.1%reduced
ELV ELEVANCE HEALTH INCHealthcare3.4%$71.4m155,321+436%added
ITCIEUR INTRA-CELLULAR THERAPIES INC–3.1%$64.9m1.20m+16%added
AMD ADVANCED MICRO DEVICES INCTechnology2.9%$61.1m622,916+29%added
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical2.9%$59.5m422,094−3.4%reduced
AMZN AMAZON COM INCConsumer Cyclical2.8%$57.8m559,490–new
EL LAUDER ESTEE COS INCConsumer Defensive2.7%$56.4m228,806−43%reduced
CEG CONSTELLATION ENERGY CORPUtilities2.7%$55.2m702,609+63%added
CL COLGATE PALMOLIVE COConsumer Defensive2.6%$54.4m724,140+12%added
BHVN BIOHAVEN LTDHealthcare2.5%$52.6m3.85m0.0%held
YUM YUM BRANDS INCConsumer Cyclical2.5%$52.3m396,050–new
INSM INSMED INCHealthcare2.4%$50.0m2.93m+16%added
UNP UNION PACIFIC CORPIndustrials2.3%$48.6m241,581−54%reduced
430 TERNS PHARMACEUTICALS INC–2.0%$40.8m3.45m0.0%held
CANADIAN PAC RY LTD no ticker–1.9%$38.4m498,810−35%reduced
NKE NIKE INCConsumer Cyclical1.8%$37.7m307,637−38%reduced
290A CHINOOK THERAPEUTICS INC–1.8%$36.3m1.57m+8.6%added
PROK PROKIDNEY CORP–1.7%$36.1m3.19m0.0%held
ORCL ORACLE CORPTechnology1.6%$34.1m366,513+2.3%added
ETNBGBP 89BIO INC–1.6%$33.7m2.21m–new
MRNS* MARINUS PHARMACEUTICALS INC–1.6%$33.3m4.83m+0.2%held
STRO SUTRO BIOPHARMA INCHealthcare1.3%$26.3m5.69m+2.2%added
FIS FIDELITY NATL INFORMATION SVTechnology1.2%$25.5m469,110−32%reduced
XYZ BLOCK INCTechnology1.2%$25.2m367,440−56%reduced
PINS PINTEREST INCCommunication Services1.2%$24.7m907,560–new
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare1.2%$24.7m616,480−25%reduced
SBUX STARBUCKS CORPConsumer Cyclical1.2%$24.2m232,761−48%reduced
KEZAR LIFE SCIENCES INC no ticker–1.0%$21.6m6.89m+97%added
WBD WARNER BROS DISCOVERY INCCommunication Services1.0%$21.5m1.43m–new
PYPL PAYPAL HLDGS INCFinancial Services1.0%$20.1m264,218–new
COF CAPITAL ONE FINL CORPFinancial Services1.0%$20.0m207,600–new
COGT COGENT BIOSCIENCES INCHealthcare0.9%$19.6m1.82m+0.5%held
GS GOLDMAN SACHS GROUP INCFinancial Services0.9%$18.9m57,635–new
COR CENCORA INCHealthcare0.9%$17.8m111,458−11%reduced
4XC1 KALVISTA PHARMACEUTICALS INC–0.8%$15.6m1.98m+85%added
FULC FULCRUM THERAPEUTICS INCHealthcare0.7%$14.8m5.18m+21%added
ALVOTECH no ticker–0.6%$12.9m1.00m0.0%held
WFC WELLS FARGO & COFinancial Services0.6%$12.6m335,875–new
MRVL MARVELL TECHNOLOGY INCTechnology0.6%$12.5m289,300–new
MTCH MATCH GROUP INC NEWCommunication Services0.5%$11.4m296,801–new
ORIC ORIC PHARMACEUTICALS INCHealthcare0.5%$10.8m1.90m0.0%held
AGIO AGIOS PHARMACEUTICALS INCHealthcare0.5%$10.4m454,000−34%reduced
PEPG PEPGEN INCHealthcare0.5%$10.1m828,0870.0%held
EYPT EYEPOINT INCHealthcare0.5%$10.0m3.39m+1.4%added

Exited since Q4 2022

20 rows
OTIS OTIS WORLDWIDE CORP4.3%$102m
TPR TAPESTRY INC3.5%$83.0m
LVS LAS VEGAS SANDS CORP3.3%$78.1m
T AT&T INC2.3%$54.3m
SCHW SCHWAB CHARLES CORP2.1%$50.3m
DG DOLLAR GEN CORP1.8%$42.8m
XLE SELECT SECTOR SPDR TR1.3%$30.0m
GFL GFL ENVIRONMENTAL INC0.9%$22.0m
POINT BIOPHARMA GLOBAL INC no ticker0.8%$19.2m
DFSEUR DISCOVER FINL SVCS0.7%$16.3m
NVDA NVIDIA CORPORATION0.5%$12.8m
PRTA PROTHENA CORP PLC0.5%$12.4m
ROST ROSS STORES INC0.5%$12.2m
VTYXUSD VENTYX BIOSCIENCES INC0.3%$6.1m
ATAI BECKLEY NV no ticker0.2%$4.4m
BIIB BIOGEN INC0.02%$396k
BMRN BIOMARIN PHARMACEUTICAL INC0.01%$276k
BMY BRISTOL-MYERS SQUIBB CO0.01%$236k
GMAB GENMAB A/S0.01%$221k
TECH BIO-TECHNE CORP0.01%$215k

Sector mix

  • Healthcare32.1%
  • Unclassified25.3%
  • Consumer Cyclical14.7%
  • Technology7.6%
  • Communication Services6.4%
  • Consumer Defensive5.3%
  • Financial Services3.4%
  • Utilities2.7%
  • Industrials2.3%

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