WhaleCreep

Montanova Capital, LLC 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Montanova Capital, LLC disclosed 87 US equity positions worth $2.2bn in its Q4 2023 13F filing. Its largest position is BHVN at 8.9% of the reported book, followed by ACLXGBX and RPRX. Versus Q3 2023 it opened 13 new positions, added to 21, reduced 21 and exited 13.

$2.2bn
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.
8.9%
Largest position
The largest single position as a share of the reported equity book.
47.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
30
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 2023: 13 new, 21 added, 21 reduced, 13 exited

50 of 87
BHVN BIOHAVEN LTDHealthcare8.9%$196m4.57m+14%added
ACLXGBX ARCELLX INC–6.2%$135m2.44m−15%reduced
RPRX ROYALTY PHARMA PLCHealthcare5.0%$109m3.89m−5.1%reduced
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare4.6%$102m2.13m+213%added
KURA KURA ONCOLOGY INCHealthcare4.6%$99.9m6.95m−5.3%reduced
EYPT EYEPOINT INCHealthcare4.3%$93.8m4.06m+16%added
ITCIEUR INTRA-CELLULAR THERAPIES INC–3.8%$83.5m1.17m−15%reduced
INSM INSMED INCHealthcare3.8%$83.2m2.68m−22%reduced
META META PLATFORMS INCCommunication Services3.6%$77.9m220,183−22%reduced
MSFT MICROSOFT CORPTechnology2.8%$60.9m161,924−26%reduced
MRNS* MARINUS PHARMACEUTICALS INC–2.7%$58.1m5.35m+2.7%added
AMZN AMAZON COM INCConsumer Cyclical2.6%$55.9m368,089−41%reduced
ETNBGBP 89BIO INC–2.5%$54.6m4.89m+81%added
APO APOLLO GLOBAL MGMT INCFinancial Services2.3%$50.4m540,820+182%added
AMD ADVANCED MICRO DEVICES INCTechnology2.2%$49.2m333,468−52%reduced
GE GENERAL ELECTRIC COIndustrials2.1%$45.5m356,180+1.5%added
GS GOLDMAN SACHS GROUP INCFinancial Services1.9%$42.6m110,310–new
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology1.8%$40.4m388,232–new
BSX BOSTON SCIENTIFIC CORPHealthcare1.8%$40.1m694,101+96%added
430 TERNS PHARMACEUTICALS INC–1.7%$37.9m5.84m−3.4%reduced
FULC FULCRUM THERAPEUTICS INCHealthcare1.7%$37.3m5.52m−3.5%reduced
LVS LAS VEGAS SANDS CORPConsumer Cyclical1.7%$36.3m738,163+15%added
FERGUSON PLC NEW no ticker–1.6%$34.0m176,090–new
ORCL ORACLE CORPTechnology1.6%$34.0m322,050+26%added
4XC1 KALVISTA PHARMACEUTICALS INC–1.5%$32.9m2.68m+11%added
MCK MCKESSON CORPHealthcare1.3%$29.4m63,460+69%added
CI THE CIGNA GROUPHealthcare1.3%$28.8m96,300+2308%added
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare1.3%$27.4m8.47m+646%added
VZ VERIZON COMMUNICATIONS INCCommunication Services1.2%$27.0m716,850–new
ELV ELEVANCE HEALTH INCHealthcare1.2%$25.3m53,735+1685%added
STRO SUTRO BIOPHARMA INCHealthcare1.1%$24.8m5.78m−1.8%reduced
COGT COGENT BIOSCIENCES INCHealthcare1.0%$21.8m3.71m+22%added
T AT&T INCCommunication Services0.9%$20.5m1.22m–new
ARGX ARGENX SEHealthcare0.9%$20.4m53,700+1818%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.9%$19.9m8,710−57%reduced
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical0.9%$19.9m109,262−4.1%reduced
RCUS ARCUS BIOSCIENCES INCHealthcare0.8%$18.3m957,304+60%added
MREO MEREO BIOPHARMA GROUP PLCHealthcare0.8%$17.0m7.37m+0.1%held
BCYC BICYCLE THERAPEUTICS PLCHealthcare0.8%$16.5m914,476−9.5%reduced
GPN GLOBAL PMTS INCIndustrials0.7%$14.3m112,380−60%reduced
JNJ JOHNSON & JOHNSONHealthcare0.6%$14.1m90,0970.0%held
ZURA ZURA BIO LTDHealthcare0.6%$13.3m2.85m0.0%held
IFRX INFLARX NVHealthcare0.4%$9.3m5.73m0.0%held
ELAN ELANCO ANIMAL HEALTH INCHealthcare0.4%$9.2m614,300+15%added
AGIO AGIOS PHARMACEUTICALS INCHealthcare0.4%$8.9m399,451−12%reduced
SNY SANOFI SAHealthcare0.4%$8.5m171,001+47%added
ANAB ANAPTYSBIO INCHealthcare0.3%$7.6m354,872−26%reduced
PROK PROKIDNEY CORP–0.3%$6.9m3.87m0.0%held
KEZAR LIFE SCIENCES INC no ticker–0.3%$6.8m7.17m0.0%held
UNH UNITEDHEALTH GROUP INCHealthcare0.3%$6.8m12,823−53%reduced

Exited since Q3 2023

13 rows
HORIZON THERAPEUTICS PUB L no ticker4.9%$91.0m
WYNN WYNN RESORTS LTD2.3%$42.5m
NVDA NVIDIA CORPORATION2.1%$38.5m
RH RH1.2%$21.4m
LLY ELI LILLY & CO1.1%$21.0m
COF CAPITAL ONE FINL CORP1.0%$17.6m
WFC WELLS FARGO & CO0.9%$17.5m
ALVOTECH no ticker0.5%$8.5m
BNTX BIONTECH SE0.2%$4.5m
NRIX NURIX THERAPEUTICS INC0.1%$2.2m
PTGX PROTAGONIST THERAPEUTICS INC0.10%$1.8m
SRPT SAREPTA THERAPEUTICS INC0.04%$734k
OPY ACQUISITION CORP I no ticker0.0%$2.0k

Sector mix

  • Healthcare51.9%
  • Unclassified20.8%
  • Technology8.4%
  • Consumer Cyclical6.0%
  • Communication Services5.7%
  • Financial Services4.3%
  • Industrials2.8%
  • 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