14B Captial Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), 14B Captial Management LP reported 10 stock positions worth $170.9 million. Its top holding was SHIFT4 Payments Class A (FOUR) at 18.0% of the portfolio, followed by Mastercard Class A (MA, 14.3%) and Visa Class A (V, 14.0%). Compared with Q2 2025, it sold out of 1, added to 1 and reduced 9. The biggest buy was Charter Communications Class A (CHTR, shares +32%) and the biggest sale Capital One Financial (COF, shares −69%).
- Most Recent 13F
- Q4 2025
- Location
- LA JOLLA, CA
- CIK
- 0002009911
- Portfolio Value
- $170.9M (Q3 2025)
- SEC Filing
- 0002009911-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 10 stocks · $170.9M
| FOUR SHIFT4 Payments Inc. Class A | 17.98% | 397,000 | $30.7M | Reduce -20.1% |
| MA Mastercard Inc. Class A | 14.31% | 43,000 | $24.5M | Reduce -18.9% |
| V Visa Inc. Class A | 13.98% | 70,000 | $23.9M | Reduce -6.7% |
| CHTR Charter Communications Inc. Class A | 12.07% | 75,000 | $20.6M | Add +31.6% |
| STNE Stoneco Ltd. Class A | 10.30% | 931,000 | $17.6M | Reduce -21.6% |
| CCOI Cogent Communications Holdin | 10.09% | 449,633 | $17.2M | Reduce -10.8% |
| PAGS Pagseguro Digital Ltd. Class A | 7.58% | 1,295,000 | $12.9M | Reduce -1.1% |
| CABO Cable One Inc. | 6.16% | 59,500 | $10.5M | Reduce -11.2% |
| COF Capital One Financial Corp. | 4.11% | 33,000 | $7.0M | Reduce -68.6% |
| CIB Grupo Cibest SA-ADR | 3.40% | 112,000 | $5.8M | Reduce -70.4% |
Portfolio Sells Q2 2025 → Q3 2025
| COF Capital One Financial Corp. | Reduce -68.6% | 4.11% | −5.07 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −3.91 |
| CIB Grupo Cibest SA-ADR | Reduce -70.4% | 3.40% | −3.77 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -20.1% | 17.98% | −2.26 |
| CCOI Cogent Communications Holdin | Reduce -10.8% | 10.09% | +0.11 |
| MA Mastercard Inc. Class A | Reduce -18.9% | 14.31% | +2.08 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -1.1% | 7.58% | +2.39 |
| CABO Cable One Inc. | Reduce -11.2% | 6.16% | +2.43 |
| STNE Stoneco Ltd. Class A | Reduce -21.6% | 10.30% | +2.48 |
| V Visa Inc. Class A | Reduce -6.7% | 13.98% | +3.04 |
Portfolio Buys Q2 2025 → Q3 2025
| CHTR Charter Communications Inc. Class A | Add +31.6% | 12.07% | +2.50 |
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 |