14B Captial Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), 14B Captial Management LP reported 10 stock positions worth $214.0 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 20.1% of the portfolio, followed by Mastercard Class A (MA, 16.3%) and Visa Class A (V, 15.6%). Compared with Q1 2024, it opened 1 new position, sold out of 1, added to 5 and reduced 3. The biggest buy was a new position in Pinterest Class A (PINS) and the biggest sale Meta Platforms Class A (META, shares −26%).
- Most Recent 13F
- Q4 2025
- Location
- LA JOLLA, CA
- CIK
- 0002009911
- Portfolio Value
- $214.0M (Q2 2024)
- SEC Filing
- 0002009911-24-000003 ↗ filed Aug 14, 2024
Holdings Value
Holdings 10 stocks · $214.0M
| FOUR SHIFT4 Payments Inc. Class A | 20.09% | 586,000 | $43.0M | Add +13.3% |
| MA Mastercard Inc. Class A | 16.29% | 79,000 | $34.9M | No change |
| V Visa Inc. Class A | 15.58% | 127,000 | $33.3M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 9.19% | 39,000 | $19.7M | Reduce -25.7% |
| DFS Discover Financial Services | 8.99% | 147,000 | $19.2M | Add +37.4% |
| PAGS Pagseguro Digital Ltd. Class A | 8.82% | 1,615,000 | $18.9M | Add +0.6% |
| STNE Stoneco Ltd. Class A | 6.71% | 1,197,000 | $14.4M | Add +13.9% |
| BANCOLOMBIA S.A.-SPONS ADR | 6.19% | 406,000 | $13.3M | Add +2.5% |
| PINS Pinterest Inc. Class A | 5.77% | 280,000 | $12.3M | New |
| GOOGL Alphabet Inc. Class A | 2.38% | 28,000 | $5.1M | Reduce -17.6% |
Portfolio Sells Q1 2024 → Q2 2024
Portfolio Buys Q1 2024 → Q2 2024
| PINS Pinterest Inc. Class A | New | 5.77% | +5.77 |
| FOUR SHIFT4 Payments Inc. Class A | Add +13.3% | 20.09% | +3.97 |
| DFS Discover Financial Services | Add +37.4% | 8.99% | +2.37 |
| BANCOLOMBIA S.A.-SPONS ADR | Add +2.5% | 6.19% | −0.20 |
| STNE Stoneco Ltd. Class A | Add +13.9% | 6.71% | −1.53 |
| PAGS Pagseguro Digital Ltd. Class A | Add +0.6% | 8.82% | −1.99 |
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 |