14B Captial Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), 14B Captial Management LP reported 10 stock positions worth $223.1 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 22.2% of the portfolio, followed by Mastercard Class A (MA, 17.0%) and Visa Class A (V, 15.7%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 4 and reduced 4. The biggest buy was a new position in Cogent Communications Holdin (CCOI) and the biggest sale Meta Platforms Class A (META, shares −59%).
- Most Recent 13F
- Q4 2025
- Location
- LA JOLLA, CA
- CIK
- 0002009911
- Portfolio Value
- $223.1M (Q3 2024)
- SEC Filing
- 0002009911-24-000005 ↗ filed Nov 14, 2024
Holdings Value
Holdings 10 stocks · $223.1M
| FOUR SHIFT4 Payments Inc. Class A | 22.24% | 560,000 | $49.6M | Reduce -4.4% |
| MA Mastercard Inc. Class A | 17.04% | 77,000 | $38.0M | Reduce -2.5% |
| V Visa Inc. Class A | 15.65% | 127,000 | $34.9M | No change |
| DFS Discover Financial Services | 10.12% | 161,000 | $22.6M | Add +9.5% |
| CCOI Cogent Communications Holdin | 7.25% | 213,000 | $16.2M | New |
| STNE Stoneco Ltd. Class A | 6.56% | 1,299,000 | $14.6M | Add +8.5% |
| PINS Pinterest Inc. Class A | 6.09% | 420,000 | $13.6M | Add +50.0% |
| BANCOLOMBIA S.A.-SPONS ADR | 6.05% | 430,000 | $13.5M | Add +5.9% |
| PAGS Pagseguro Digital Ltd. Class A | 4.86% | 1,260,000 | $10.8M | Reduce -22.0% |
| META Meta Platforms Inc. Class A | 4.13% | 16,100 | $9.2M | Reduce -58.7% |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| CCOI Cogent Communications Holdin | New | 7.25% | +7.25 |
| DFS Discover Financial Services | Add +9.5% | 10.12% | +1.14 |
| PINS Pinterest Inc. Class A | Add +50.0% | 6.09% | +0.33 |
| BANCOLOMBIA S.A.-SPONS ADR | Add +5.9% | 6.05% | −0.15 |
| STNE Stoneco Ltd. Class A | Add +8.5% | 6.56% | −0.15 |
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 |