14B Captial Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), 14B Captial Management LP reported 10 stock positions worth $229.8 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 21.9% of the portfolio, followed by Mastercard Class A (MA, 17.6%) and Visa Class A (V, 17.5%). Compared with Q3 2024, it added to 3 and reduced 3. The biggest buy was Pinterest Class A (PINS, shares +74%) and the biggest sale Discover Financial Services (DFS, shares −42%).
- Most Recent 13F
- Q4 2025
- Location
- LA JOLLA, CA
- CIK
- 0002009911
- Portfolio Value
- $229.8M (Q4 2024)
- SEC Filing
- 0002009911-25-000003 ↗ filed Feb 14, 2025
Holdings Value
Holdings 10 stocks · $229.8M
| FOUR SHIFT4 Payments Inc. Class A | 21.95% | 486,000 | $50.4M | Reduce -13.2% |
| MA Mastercard Inc. Class A | 17.64% | 77,000 | $40.5M | No change |
| V Visa Inc. Class A | 17.47% | 127,000 | $40.1M | No change |
| PINS Pinterest Inc. Class A | 9.20% | 729,000 | $21.1M | Add +73.6% |
| CCOI Cogent Communications Holdin | 8.45% | 252,000 | $19.4M | Add +18.3% |
| DFS Discover Financial Services | 7.09% | 94,000 | $16.3M | Reduce -41.6% |
| BANCOLOMBIA S.A.-SPONS ADR | 5.90% | 430,000 | $13.5M | No change |
| PAGS Pagseguro Digital Ltd. Class A | 4.56% | 1,675,000 | $10.5M | Add +32.9% |
| META Meta Platforms Inc. Class A | 4.10% | 16,100 | $9.4M | No change |
| STNE Stoneco Ltd. Class A | 3.64% | 1,049,000 | $8.4M | Reduce -19.3% |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
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 |