WhaleCreep

Montanova Capital, LLC 13F holdings, Q2 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-06-30, filed 2025-08-14

Montanova Capital, LLC disclosed 95 US equity positions worth $2.7bn in its Q2 2025 13F filing. Its largest position is ARQT at 6.1% of the reported book, followed by ETNBGBP and LEGN. Versus Q1 2025 it opened 10 new positions, added to 28, reduced 18 and exited 14.

$2.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
95
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.1%
Largest position
The largest single position as a share of the reported equity book.
40.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
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 Q1 2025: 10 new, 28 added, 18 reduced, 14 exited

50 of 95
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare6.1%$162m11.54m+1.0%added
ETNBGBP 89BIO INC–5.3%$140m14.21m−0.9%reduced
LEGN LEGEND BIOTECH CORPHealthcare5.0%$134m3.77m+0.6%added
META META PLATFORMS INCCommunication Services4.7%$125m169,845−5.5%reduced
BENITEC BIOPHARMA INC no ticker–4.4%$116m9.88m0.0%held
KO COCA COLA COConsumer Defensive3.3%$87.3m1.23m+197%added
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare3.1%$82.8m2.28m+13%added
GE GENERAL ELECTRIC COIndustrials3.0%$79.9m310,262+55%added
BHVN BIOHAVEN LTDHealthcare3.0%$79.3m5.62m0.0%held
NVDA NVIDIA CORPORATIONTechnology3.0%$78.9m499,562+42%added
AVBP ARRIVENT BIOPHARMA INCHealthcare2.8%$74.3m3.41m+46%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.6%$68.0m300,401−14%reduced
IMTX IMMATICS N.VHealthcare2.4%$64.7m12.03m+32%added
EYPT EYEPOINT INCHealthcare2.4%$64.0m6.80m0.0%held
APO APOLLO GLOBAL MGMT INCFinancial Services2.3%$60.8m428,460+8.0%added
AMD ADVANCED MICRO DEVICES INCTechnology2.1%$56.6m398,799−1.3%reduced
AMZN AMAZON COM INCConsumer Cyclical2.1%$56.5m257,625−27%reduced
4XC1 KALVISTA PHARMACEUTICALS INC–2.1%$56.0m4.96m+0.9%added
DKS DICKS SPORTING GOODS INCConsumer Cyclical1.9%$51.5m260,465–new
ORCL ORACLE CORPTechnology1.9%$50.4m230,728+1.9%added
APLSUSD APELLIS PHARMACEUTICALS INC–1.9%$49.8m2.88m+75%added
MSFT MICROSOFT CORPTechnology1.9%$49.2m98,828−45%reduced
HD HOME DEPOT INCConsumer Cyclical1.8%$47.9m130,721+34%added
KURA KURA ONCOLOGY INCHealthcare1.8%$46.8m8.12m+9.1%added
BAC BANK OF AMER CORPFinancial Services1.7%$43.9m927,190+23%added
COF CAPITAL ONE FINL CORPFinancial Services1.6%$41.3m194,160−21%reduced
FERG FERGUSON ENTERPRISES INCIndustrials1.6%$41.3m189,660+46%added
GEHC GE HEALTHCARE TECHNOLOGIES IHealthcare1.5%$39.4m532,280–new
BSX BOSTON SCIENTIFIC CORPHealthcare1.4%$38.0m353,561+35%added
FULC FULCRUM THERAPEUTICS INCHealthcare1.3%$35.0m5.08m+0.3%held
DHR DANAHER CORP DELHealthcare1.3%$34.5m174,700+1185%added
RCUS ARCUS BIOSCIENCES INCHealthcare1.1%$30.0m3.69m+44%added
TSLA TESLA INCConsumer Cyclical1.1%$29.3m92,357−24%reduced
AURA AURA BIOSCIENCES INCHealthcare1.0%$27.4m4.37m+60%added
INSM INSMED INCHealthcare0.9%$24.0m238,783−84%reduced
DDOG DATADOG INCTechnology0.9%$24.0m178,832−2.4%reduced
MLYS MINERALYS THERAPEUTICS INCHealthcare0.9%$23.6m1.74m+4.6%added
UNH UNITEDHEALTH GROUP INCHealthcare0.8%$21.2m68,000+127%added
JNJ JOHNSON & JOHNSONHealthcare0.8%$20.3m132,786+21%added
BIIB BIOGEN INCHealthcare0.7%$19.1m151,890+26%added
CMPX COMPASS THERAPEUTICS INCHealthcare0.7%$18.6m7.15m–new
ERAS ERASCA INCHealthcare0.7%$18.4m14.50m+18%added
MRK MERCK & CO. INCHealthcare0.7%$17.4m219,178+52%added
GS GOLDMAN SACHS GROUP INCFinancial Services0.6%$17.1m24,108−5.6%reduced
PVLA PALVELLA THERAPEUTICS INC NEHealthcare0.6%$16.1m714,4630.0%held
PINS PINTEREST INCCommunication Services0.6%$15.4m430,025–new
ABEO ABEONA THERAPEUTICS INCHealthcare0.6%$15.2m2.68m−27%reduced
GLUE MONTE ROSA THERAPEUTICS INCHealthcare0.6%$15.2m3.36m+115%added
MRNA MODERNA INCHealthcare0.5%$14.3m517,1630.0%held
KYMR KYMERA THERAPEUTICS INCHealthcare0.5%$12.0m275,000–new

Exited since Q1 2025

14 rows
ITCIEUR INTRA-CELLULAR THERAPIES INC3.7%$92.5m
CMG CHIPOTLE MEXICAN GRILL INC1.1%$27.1m
SNOW SNOWFLAKE INC0.8%$20.2m
TTWO TAKE-TWO INTERACTIVE SOFTWAR0.6%$15.0m
RBLX ROBLOX CORP0.5%$13.3m
U UNITY SOFTWARE INC0.3%$6.7m
BIOA BIOAGE LABS INC0.2%$5.5m
SNY SANOFI SA0.2%$4.6m
IRON DISC MEDICINE INC0.2%$4.0m
ALNY ALNYLAM PHARMACEUTICALS INC0.1%$2.5m
AARD AARDVARK THERAPEUTICS INC0.09%$2.3m
TRVI TREVI THERAPEUTICS INC0.09%$2.1m
ORIC ORIC PHARMACEUTICALS INC0.06%$1.4m
ELV ELEVANCE HEALTH INC0.05%$1.2m

Sector mix

  • Healthcare46.7%
  • Unclassified14.4%
  • Technology12.3%
  • Consumer Cyclical7.1%
  • Financial Services6.1%
  • Communication Services5.3%
  • Industrials4.6%
  • Consumer Defensive3.3%
  • Basic Materials0.2%

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