Elwood Capital Partners LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Elwood Capital Partners LP reported 18 stock positions worth $82.5 million . Its top holding was Unitedhealth (UNH) at 11.9% of the portfolio, followed by Microsoft (MSFT, 11.5% ) and Amazon.com (AMZN, 9.3% ). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 11 and reduced 4. The biggest buy was Unitedhealth (UNH, shares +289% ) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −67% ).
Location NEW YORK, NY
CIK 0002050159
Portfolio Value $82.5M (Q1 2025) Holdings 18 stocks · $82.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 UNH Unitedhealth Group Inc. 18,809 $9.9M Add +288.9% MSFT Microsoft Corp. 25,243 $9.5M Add +29.5% AMZN Amazon.com Inc. 40,118 $7.6M Add +31.1% SGI Somnigroup International Inc. 116,388 $7.0M Add +28.1% PLNT Planet Fitness Inc. Class A 70,008 $6.8M Add +50.5% PM Philip Morris International 35,011 $5.6M Reduce -23.9% TXN Texas Instruments Inc. 25,184 $4.5M New TTWO Take-Two Interactive Softwre 18,112 $3.8M Add +262.2% TEAM Atlassian Corp. Class A 17,676 $3.8M Add +25.5% RDDT Reddit Inc. Class A 35,000 $3.7M Add +40.0% RTO Rentokil Initial PLC-SP ADR 141,324 $3.2M Add +10.8% GE General Electric filed as GE AEROSPACE 15,402 $3.1M Reduce -47.6% ICE Intercontinental Exchange Inc. 17,128 $3.0M Add +26.9% BBWI Bath & Body Works Inc. 93,987 $2.8M New WIX Wix.com Ltd. 16,241 $2.7M Add +8.4% APD Air Products & Chemicals Inc. 7,500 $2.2M New PCOR Procore Technologies Inc. 28,276 $1.9M Reduce -25.3% TSM Taiwan Semiconductor-SP ADR 10,010 $1.7M Reduce -66.7%
Options reported separately and not counted above: UNH calls ($10.5M), UNH puts ($9.2M), PM calls ($7.9M), PM puts ($4.0M), TSM puts ($1.7M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ TSM Taiwan Semiconductor-SP ADR Reduce -66.7% 2.01% −6.37 GE General Electric Reduce -47.6% 3.74% −3.18 EFX Equifax Inc. Sold out 0.00% −2.70 MRVL Marvell Technology Inc. Sold out 0.00% −1.95 CRM Salesforce Inc. Sold out 0.00% −1.89 PCOR Procore Technologies Inc. Reduce -25.3% 2.26% −1.74 GEV GE Vernova Inc. Sold out 0.00% −1.63 VMC Vulcan Materials Co. Sold out 0.00% −1.36 WWD Woodward Inc. Sold out 0.00% −1.18 PM Philip Morris International Reduce -23.9% 6.74% −1.08
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ UNH Unitedhealth Group Inc. Add +288.9% 11.95% +8.49 TXN Texas Instruments Inc. New 5.49% +5.49 BBWI Bath & Body Works Inc. New 3.46% +3.46 TTWO Take-Two Interactive Softwre Add +262.2% 4.55% +3.25 APD Air Products & Chemicals Inc. New 2.68% +2.68 PLNT Planet Fitness Inc. Class A Add +50.5% 8.20% +1.71 SGI Somnigroup International Inc. Add +28.1% 8.45% +1.18 ICE Intercontinental Exchange Inc. Add +26.9% 3.58% +0.74 MSFT Microsoft Corp. Add +29.5% 11.49% −0.11 AMZN Amazon.com Inc. Add +31.1% 9.26% −0.23 TEAM Atlassian Corp. Class A Add +25.5% 4.55% −0.29 RTO Rentokil Initial PLC-SP ADR Add +10.8% 3.92% −0.64 RDDT Reddit Inc. Class A Add +40.0% 4.45% −1.32 WIX Wix.com Ltd. Add +8.4% 3.22% −1.32
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ UNH Unitedhealth Group Inc. call New 200 $10.5M UNH Unitedhealth Group Inc. put New 175 $9.2M TLT iShares 20+ Year Treasury BD put Sold out 1,000 $8.7Mbefore exit PM Philip Morris International call Reduce -50.0% 500 $7.9M PM Philip Morris International put Reduce -16.7% 250 $4.0M TSM Taiwan Semiconductor-SP ADR put Reduce -60.0% 100 $1.7M RTO Rentokil Initial PLC-SP ADR put Sold out 625 $1.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 27 $137.1M AMZN, TSM, UNH, SGI, TXN Q1 2026 27 $103.6M AMZN, TSM, MSFT, RTO, SGI Q4 2025 21 $117.0M AMZN, MSFT, TSM, RTO, PLNT Q3 2025 17 $109.3M AMZN, MSFT, TSM, UNH, PLNT Q2 2025 18 $107.9M MSFT, AMZN, UNH, TSM, RDDT Q1 2025 18 $82.5M UNH, MSFT, AMZN, SGI, PLNT Q4 2024 21 $70.8M MSFT, AMZN, TSM, PM, SGI