WhaleCreep

Montanova Capital, LLC 13F holdings, Q3 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-09-30, filed 2024-11-14

Montanova Capital, LLC disclosed 96 US equity positions worth $2.8bn in its Q3 2024 13F filing. Its largest position is BHVN at 9.3% of the reported book, followed by KURA and INSM. Versus Q2 2024 it opened 15 new positions, added to 18, reduced 19 and exited 16.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
96
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.3%
Largest position
The largest single position as a share of the reported equity book.
41.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
35
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 2024: 15 new, 18 added, 19 reduced, 16 exited

50 of 96
BHVN BIOHAVEN LTDHealthcare9.3%$260m5.20m0.0%held
KURA KURA ONCOLOGY INCHealthcare5.4%$150m7.65m+8.2%added
INSM INSMED INCHealthcare4.3%$119m1.64m−35%reduced
ITCIEUR INTRA-CELLULAR THERAPIES INC–3.8%$105m1.44m−8.1%reduced
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare3.6%$99.7m10.72m+7.2%added
META META PLATFORMS INCCommunication Services3.5%$96.4m168,488+0.8%added
UNH UNITEDHEALTH GROUP INCHealthcare3.1%$85.9m146,845−9.1%reduced
BENITEC BIOPHARMA INC no ticker–2.9%$81.1m8.83m+422%added
AAPL APPLE INCTechnology2.8%$78.3m336,147−7.5%reduced
AMZN AMAZON COM INCConsumer Cyclical2.4%$65.6m352,069−1.2%reduced
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare2.3%$64.0m1.15m−44%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.2%$60.6m348,742−0.6%reduced
ETNBGBP 89BIO INC–2.1%$59.1m7.99m−0.5%reduced
APO APOLLO GLOBAL MGMT INCFinancial Services2.1%$58.1m465,050+31%added
ACLXGBX ARCELLX INC–2.1%$57.6m689,950−54%reduced
AMD ADVANCED MICRO DEVICES INCTechnology2.0%$56.9m346,575+0.2%held
SBUX STARBUCKS CORPConsumer Cyclical1.9%$53.6m550,309–new
GS GOLDMAN SACHS GROUP INCFinancial Services1.9%$53.6m108,308+39%added
RPRX ROYALTY PHARMA PLCHealthcare1.9%$52.8m1.87m0.0%held
TSLA TESLA INCConsumer Cyclical1.8%$50.7m193,842+44%added
T AT&T INCCommunication Services1.8%$50.3m2.29m+4.5%added
CRH CRH PLCBasic Materials1.8%$50.0m538,894+25%added
4XC1 KALVISTA PHARMACEUTICALS INC–1.8%$48.8m4.21m+0.5%held
FERG FERGUSON ENTERPRISES INCIndustrials1.6%$44.7m225,210–new
AVBP ARRIVENT BIOPHARMA INCHealthcare1.6%$43.4m1.85m+7.7%added
KO COCA COLA COConsumer Defensive1.5%$42.3m588,912+5.0%added
MSFT MICROSOFT CORPTechnology1.5%$41.5m96,526−7.2%reduced
EYPT EYEPOINT INCHealthcare1.5%$41.4m5.18m0.0%held
ORCL ORACLE CORPTechnology1.4%$40.4m237,094−3.3%reduced
GE GENERAL ELECTRIC COIndustrials1.4%$37.8m200,662−2.1%reduced
ERAS ERASCA INCHealthcare1.3%$37.6m13.77m0.0%held
COF CAPITAL ONE FINL CORPFinancial Services1.3%$35.3m235,600–new
CRWD CROWDSTRIKE HLDGS INCTechnology1.2%$34.3m122,155–new
VZ VERIZON COMMUNICATIONS INCCommunication Services1.2%$34.1m758,674+24%added
CTNM CONTINEUM THERAPEUTICS INCHealthcare1.2%$32.9m1.72m−16%reduced
MCD MCDONALDS CORPConsumer Cyclical1.1%$31.6m103,638−6.2%reduced
BIOA BIOAGE LABS INCHealthcare1.1%$30.3m1.46m–new
KDP KEURIG DR PEPPER INCConsumer Defensive0.9%$26.4m703,095–new
STRO SUTRO BIOPHARMA INCHealthcare0.9%$24.9m7.19m−6.8%reduced
LVS LAS VEGAS SANDS CORPConsumer Cyclical0.9%$24.4m484,110–new
PROK PROKIDNEY CORP–0.9%$23.7m12.34m+32%added
ABEO ABEONA THERAPEUTICS INCHealthcare0.8%$23.3m3.69m0.0%held
JNJ JOHNSON & JOHNSONHealthcare0.8%$22.4m138,447+54%added
BSX BOSTON SCIENTIFIC CORPHealthcare0.8%$21.1m251,6890.0%held
PINS PINTEREST INCCommunication Services0.7%$19.9m615,911+50%added
ZURA ZURA BIO LTDHealthcare0.7%$19.7m4.86m0.0%held
PEPG PEPGEN INCHealthcare0.5%$14.2m1.66m+9.2%added
GLUE MONTE ROSA THERAPEUTICS INCHealthcare0.5%$14.1m2.66m0.0%held
WYNN WYNN RESORTS LTDConsumer Cyclical0.5%$12.8m133,000–new
RCUS ARCUS BIOSCIENCES INCHealthcare0.4%$10.1m663,603−31%reduced

Exited since Q2 2024

16 rows
ELV ELEVANCE HEALTH INC2.0%$49.5m
SYY SYSCO CORP1.5%$37.2m
FERGUSON PLC NEW no ticker1.1%$28.1m
CMG CHIPOTLE MEXICAN GRILL INC1.0%$25.0m
IMTX IMMATICS N.V0.4%$11.0m
GILD GILEAD SCIENCES INC0.1%$3.5m
SYRE SPYRE THERAPEUTICS INC0.1%$2.5m
TRML TOURMALINE BIO INC0.07%$1.6m
CI THE CIGNA GROUP0.06%$1.6m
PTGX PROTAGONIST THERAPEUTICS INC0.04%$1.1m
FIVE FIVE BELOW INC0.03%$833k
HUM HUMANA INC0.03%$729k
MS MORGAN STANLEY0.02%$448k
MREO MEREO BIOPHARMA GROUP PLC0.01%$270k
CRL CHARLES RIV LABS INTL INC0.01%$209k
RVNCEUR REVANCE THERAPEUTICS INC0.01%$150k

Sector mix

  • Healthcare45.1%
  • Unclassified15.0%
  • Technology11.2%
  • Consumer Cyclical8.6%
  • Communication Services7.2%
  • Financial Services5.3%
  • Industrials3.0%
  • Consumer Defensive2.6%
  • Basic Materials2.0%

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