14B Captial Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), 14B Captial Management LP reported 10 stock positions worth $211.9 million. Its top holding was Mastercard Class A (MA) at 18.0% of the portfolio, followed by Visa Class A (V, 17.4%) and SHIFT4 Payments Class A (FOUR, 16.1%). Compared with Q4 2023, it opened 1 new position, added to 6 and reduced 3. The biggest buy was a new position in Discover Financial Services (DFS) and the biggest sale Alphabet Class A (GOOGL, shares −60%).
- Most Recent 13F
- Q4 2025
- Location
- LA JOLLA, CA
- CIK
- 0002009911
- Portfolio Value
- $211.9M (Q1 2024)
- SEC Filing
- 0001750312-24-000003 ↗ filed May 15, 2024
Holdings Value
Holdings 10 stocks · $211.9M
| MA Mastercard Inc. Class A | 17.96% | 79,000 | $38.0M | Add +14.5% |
| V Visa Inc. Class A | 17.39% | 132,000 | $36.8M | Add +16.8% |
| FOUR SHIFT4 Payments Inc. Class A | 16.12% | 517,000 | $34.2M | Add +39.7% |
| META Meta Platforms Inc. Class A | 12.03% | 52,500 | $25.5M | Reduce -2.8% |
| PAGS Pagseguro Digital Ltd. Class A | 10.82% | 1,605,000 | $22.9M | Add +16.3% |
| STNE Stoneco Ltd. Class A | 8.24% | 1,051,000 | $17.5M | Add +13.1% |
| DFS Discover Financial Services | 6.62% | 107,000 | $14.0M | New |
| BANCOLOMBIA S.A.-SPONS ADR | 6.40% | 396,000 | $13.6M | Add +20.0% |
| GOOGL Alphabet Inc. Class A | 2.42% | 34,000 | $5.1M | Reduce -59.5% |
| GOOG Alphabet Inc. Class C | 2.01% | 28,000 | $4.3M | Reduce -6.7% |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| DFS Discover Financial Services | New | 6.62% | +6.62 |
| PAGS Pagseguro Digital Ltd. Class A | Add +16.3% | 10.82% | +0.42 |
| BANCOLOMBIA S.A.-SPONS ADR | Add +20.0% | 6.40% | +0.26 |
| MA Mastercard Inc. Class A | Add +14.5% | 17.96% | +0.18 |
| V Visa Inc. Class A | Add +16.8% | 17.39% | −0.38 |
| FOUR SHIFT4 Payments Inc. Class A | Add +39.7% | 16.12% | −0.49 |
| STNE Stoneco Ltd. Class A | Add +13.1% | 8.24% | −1.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 18 | $124.4M | MA, V, FOUR, STNE, PAGS |
| Q3 2025 | 10 | $170.9M | FOUR, MA, V, CHTR, STNE |
| Q2 2025 | 11 | $243.4M | FOUR, MA, V, CCOI, CHTR |
| Q1 2025 | 12 | $240.1M | FOUR, MA, V, CCOI, PINS |
| Q4 2024 | 10 | $229.8M | FOUR, MA, V, PINS, CCOI |
| Q3 2024 | 10 | $223.1M | FOUR, MA, V, DFS, CCOI |
| Q2 2024 | 10 | $214.0M | FOUR, MA, V, META, DFS |
| Q1 2024 | 10 | $211.9M | MA, V, FOUR, META, PAGS |