WhaleCreep

Montanova Capital, LLC 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Montanova Capital, LLC disclosed 87 US equity positions worth $1.9bn in its Q3 2023 13F filing. Its largest position is RPRX at 6.0% of the reported book, followed by BHVN and ACLXGBX. Versus Q2 2023 it opened 11 new positions, added to 31, reduced 8 and exited 24.

$1.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
87
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
47.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
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 2023: 11 new, 31 added, 8 reduced, 24 exited

50 of 87
RPRX ROYALTY PHARMA PLCHealthcare6.0%$111m4.10m+34%added
BHVN BIOHAVEN LTDHealthcare5.6%$104m4.01m+3.6%added
ACLXGBX ARCELLX INC–5.6%$103m2.87m+0.8%added
HORIZON THERAPEUTICS PUB L no ticker–4.9%$91.0m786,313−0.9%reduced
INSM INSMED INCHealthcare4.7%$87.0m3.45m+11%added
META META PLATFORMS INCCommunication Services4.6%$84.3m280,645+12%added
AMZN AMAZON COM INCConsumer Cyclical4.3%$78.7m619,469+89%added
AMD ADVANCED MICRO DEVICES INCTechnology3.9%$71.6m696,510+88%added
ITCIEUR INTRA-CELLULAR THERAPIES INC–3.9%$71.4m1.37m+14%added
MSFT MICROSOFT CORPTechnology3.7%$68.9m218,170–new
KURA KURA ONCOLOGY INCHealthcare3.6%$66.9m7.34m+4.4%added
WYNN WYNN RESORTS LTDConsumer Cyclical2.3%$42.5m460,048+54%added
MRNS* MARINUS PHARMACEUTICALS INC–2.3%$41.9m5.20m+28%added
ETNBGBP 89BIO INC–2.2%$41.6m2.69m+13%added
GE GENERAL ELECTRIC COIndustrials2.1%$38.8m350,969+82%added
NVDA NVIDIA CORPORATIONTechnology2.1%$38.5m88,548+14%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical2.0%$37.4m20,400–new
GPN GLOBAL PMTS INCIndustrials1.8%$32.8m284,488+1.2%added
430 TERNS PHARMACEUTICALS INC–1.6%$30.4m6.04m+8.6%added
COGT COGENT BIOSCIENCES INCHealthcare1.6%$29.8m3.05m+38%added
LVS LAS VEGAS SANDS CORPConsumer Cyclical1.6%$29.5m642,833−6.2%reduced
EYPT EYEPOINT INCHealthcare1.5%$27.9m3.49m+2.0%added
ORCL ORACLE CORPTechnology1.5%$27.0m255,311−20%reduced
FULC FULCRUM THERAPEUTICS INCHealthcare1.4%$25.4m5.72m0.0%held
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare1.3%$24.2m679,459+25%added
4XC1 KALVISTA PHARMACEUTICALS INC–1.3%$23.3m2.42m+19%added
RH RHConsumer Cyclical1.2%$21.4m80,989−2.6%reduced
LLY ELI LILLY & COHealthcare1.1%$21.0m39,100–new
STRO SUTRO BIOPHARMA INCHealthcare1.1%$20.4m5.88m0.0%held
BCYC BICYCLE THERAPEUTICS PLCHealthcare1.1%$20.3m1.01m–new
ZURA ZURA BIO LTDHealthcare1.0%$18.8m2.85m0.0%held
BSX BOSTON SCIENTIFIC CORPHealthcare1.0%$18.7m353,741+1839%added
PROK PROKIDNEY CORP–1.0%$17.7m3.87m+21%added
COF CAPITAL ONE FINL CORPFinancial Services1.0%$17.6m181,660−8.5%reduced
WFC WELLS FARGO & COFinancial Services0.9%$17.5m428,506+1.2%added
APO APOLLO GLOBAL MGMT INCFinancial Services0.9%$17.2m191,900–new
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical0.9%$17.1m113,962−0.8%reduced
IFRX INFLARX NVHealthcare0.9%$17.1m5.73m0.0%held
MCK MCKESSON CORPHealthcare0.9%$16.3m37,540+1951%added
JNJ JOHNSON & JOHNSONHealthcare0.8%$14.0m90,097+8.8%added
UNH UNITEDHEALTH GROUP INCHealthcare0.7%$13.7m27,223+112%added
SANA SANA BIOTECHNOLOGY INCHealthcare0.6%$11.5m2.96m+40%added
AGIO AGIOS PHARMACEUTICALS INCHealthcare0.6%$11.2m454,0000.0%held
RCUS ARCUS BIOSCIENCES INCHealthcare0.6%$10.7m597,099–new
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.5%$9.5m7.36m0.0%held
ANAB ANAPTYSBIO INCHealthcare0.5%$8.6m479,445–new
KEZAR LIFE SCIENCES INC no ticker–0.5%$8.5m7.17m0.0%held
ALVOTECH no ticker–0.5%$8.5m928,402−7.2%reduced
SNY SANOFI SAHealthcare0.3%$6.2m116,0410.0%held
ELAN ELANCO ANIMAL HEALTH INCHealthcare0.3%$6.0m536,500+23%added

Exited since Q2 2023

24 rows
290A CHINOOK THERAPEUTICS INC3.6%$67.2m
XYZ BLOCK INC1.5%$28.8m
TSM TAIWAN SEMICONDUCTOR MANUFAC1.3%$23.9m
ACCENTURE PLC IRELAND no ticker1.2%$21.6m
CP CANADIAN PACIFIC KANSAS CITY1.1%$20.9m
GS GOLDMAN SACHS GROUP INC1.1%$20.3m
DFSEUR DISCOVER FINL SVCS1.0%$18.8m
PINS PINTEREST INC1.0%$18.0m
ATVIEUR ACTIVISION BLIZZARD INC0.9%$17.5m
WWEUSD WORLD WRESTLING ENTMT INC0.9%$16.3m
CELH CELSIUS HLDGS INC0.8%$14.4m
MRVL MARVELL TECHNOLOGY INC0.7%$13.6m
UNP UNION PACIFIC CORP0.7%$12.5m
RETAEUR REATA PHARMACEUTICALS INC0.6%$11.1m
EVR EVERCORE INC0.5%$8.8m
CEG CONSTELLATION ENERGY CORP0.4%$7.6m
GFL GFL ENVIRONMENTAL INC0.2%$3.9m
ORIC ORIC PHARMACEUTICALS INC0.2%$3.8m
BNTC BENITEC BIOPHARMA INC0.2%$3.1m
AGLEUSD AEGLEA BIOTHERAPEUTICS INC0.10%$1.8m
EW EDWARDS LIFESCIENCES CORP0.01%$217k
MTD METTLER TOLEDO INTERNATIONAL0.01%$215k
CRL CHARLES RIV LABS INTL INC0.01%$212k
TECH BIO-TECHNE CORP0.01%$212k

Sector mix

  • Healthcare41.3%
  • Unclassified23.9%
  • Consumer Cyclical12.2%
  • Technology11.1%
  • Communication Services4.6%
  • Industrials3.9%
  • Financial Services2.8%
  • Consumer Defensive0.2%

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