WhaleCreep

Montanova Capital, LLC 13F holdings, Q3 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-11-14

Montanova Capital, LLC disclosed 90 US equity positions worth $3.3bn in its Q3 2025 13F filing. Its largest position is ARQT at 6.0% of the reported book, followed by BENITEC BIOPHARMA INC and META. Versus Q2 2025 it opened 8 new positions, added to 22, reduced 13 and exited 13.

$3.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
90
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.
35.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
43
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 2025: 8 new, 22 added, 13 reduced, 13 exited

50 of 90
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare6.0%$198m10.48m−9.2%reduced
BENITEC BIOPHARMA INC no ticker–4.2%$139m9.88m0.0%held
META META PLATFORMS INCCommunication Services3.8%$126m170,973+0.7%added
LEGN LEGEND BIOTECH CORPHealthcare3.8%$125m3.82m+1.2%added
ETNBGBP 89BIO INC–3.7%$122m8.28m−42%reduced
IMTX IMMATICS N.VHealthcare3.1%$102m12.03m0.0%held
KO COCA COLA COConsumer Defensive2.9%$96.5m1.46m+18%added
GE GENERAL ELECTRIC COIndustrials2.8%$93.3m310,2620.0%held
NVDA NVIDIA CORPORATIONTechnology2.7%$90.2m483,535−3.2%reduced
EYPT EYEPOINT INCHealthcare2.7%$88.2m6.19m−9.0%reduced
BHVN BIOHAVEN LTDHealthcare2.6%$84.4m5.62m0.0%held
MLYS MINERALYS THERAPEUTICS INCHealthcare2.5%$80.9m2.13m+22%added
HD HOME DEPOT INCConsumer Cyclical2.4%$79.9m197,311+51%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology2.3%$77.4m277,201−7.7%reduced
KURA KURA ONCOLOGY INCHealthcare2.2%$71.8m8.12m0.0%held
FERG FERGUSON ENTERPRISES INCIndustrials2.1%$68.8m306,260+61%added
AVBP ARRIVENT BIOPHARMA INCHealthcare2.1%$68.3m3.70m+8.5%added
APLSUSD APELLIS PHARMACEUTICALS INC–2.0%$65.1m2.88m0.0%held
AMD ADVANCED MICRO DEVICES INCTechnology2.0%$64.5m398,7990.0%held
ORCL ORACLE CORPTechnology1.9%$63.6m226,318−1.9%reduced
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare1.8%$60.7m2.02m−11%reduced
BAC BANK OF AMER CORPFinancial Services1.8%$59.9m1.16m+25%added
4XC1 KALVISTA PHARMACEUTICALS INC–1.8%$58.1m4.77m−3.8%reduced
APO APOLLO GLOBAL MGMT INCFinancial Services1.7%$57.5m431,260+0.7%added
MSFT MICROSOFT CORPTechnology1.7%$56.7m109,455+11%added
PVLA PALVELLA THERAPEUTICS INC NEHealthcare1.6%$51.6m822,400+15%added
COF CAPITAL ONE FINL CORPFinancial Services1.5%$50.8m238,770+23%added
DHR DANAHER CORP DELHealthcare1.5%$50.7m255,800+46%added
RCUS ARCUS BIOSCIENCES INCHealthcare1.5%$50.2m3.69m0.0%held
FULC FULCRUM THERAPEUTICS INCHealthcare1.5%$49.5m5.38m+5.9%added
CMPX COMPASS THERAPEUTICS INCHealthcare1.5%$49.4m14.10m+97%added
AMZN AMAZON COM INCConsumer Cyclical1.5%$48.0m218,547−15%reduced
TSLA TESLA INCConsumer Cyclical1.2%$40.6m91,252−1.2%reduced
KDP KEURIG DR PEPPER INCConsumer Defensive1.2%$40.1m1.57m–new
BSX BOSTON SCIENTIFIC CORPHealthcare1.0%$34.5m353,5610.0%held
MSOS ADVISORSHARES TR–1.0%$34.3m7.17m–new
UNH UNITEDHEALTH GROUP INCHealthcare1.0%$33.2m96,220+42%added
RNAGBP AVIDITY BIOSCIENCES INC–1.0%$32.7m750,000–new
ERAS ERASCA INCHealthcare1.0%$31.6m14.50m0.0%held
INSM INSMED INCHealthcare1.0%$31.4m217,783−8.8%reduced
PROK PROKIDNEY CORP–0.9%$29.9m12.34m0.0%held
CRM SALESFORCE INCTechnology0.9%$29.7m125,250–new
DKS DICKS SPORTING GOODS INCConsumer Cyclical0.9%$28.5m128,290−51%reduced
AURA AURA BIOSCIENCES INCHealthcare0.8%$27.0m4.37m0.0%held
GLUE MONTE ROSA THERAPEUTICS INCHealthcare0.8%$24.9m3.36m0.0%held
JNJ JOHNSON & JOHNSONHealthcare0.7%$24.6m132,7860.0%held
ZURA ZURA BIO LTDHealthcare0.7%$23.7m5.47m+13%added
BIIB BIOGEN INCHealthcare0.7%$23.6m168,190+11%added
MRVL MARVELL TECHNOLOGY INCTechnology0.7%$22.9m272,300–new
NOW SERVICENOW INCTechnology0.6%$20.2m22,000–new

Exited since Q2 2025

13 rows
GEHC GE HEALTHCARE TECHNOLOGIES I1.5%$39.4m
DDOG DATADOG INC0.9%$24.0m
MRNA MODERNA INC0.5%$14.3m
KYMR KYMERA THERAPEUTICS INC0.5%$12.0m
TSHA TAYSHA GENE THERAPIES INC0.3%$7.4m
WING WINGSTOP INC0.05%$1.3m
K4F ONESTREAM INC0.04%$936k
UAL UNITED AIRLINES HLDGS INC0.03%$828k
CRH CRH PLC0.03%$777k
CZR CAESARS ENTERTAINMENT INC NE0.02%$536k
PEPG PEPGEN INC0.01%$333k
BAX BAXTER INTL INC0.01%$241k
ALGN ALIGN TECHNOLOGY INC0.01%$208k

Sector mix

  • Healthcare46.4%
  • Unclassified14.9%
  • Technology13.5%
  • Consumer Cyclical6.0%
  • Financial Services5.7%
  • Industrials4.9%
  • Communication Services4.3%
  • Consumer Defensive4.1%
  • 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