Entropy Technologies, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Entropy Technologies, LP reported 641 stock positions worth $925.2 million. Its top holding was CVS Health (CVS) at 1.1% of the portfolio, followed by Conocophillips (COP, 1.1%) and Johnson & Johnson (JNJ, 1.1%). Compared with Q1 2024, it opened 294 new positions, sold out of 349, added to 162 and reduced 185. The biggest buy was a new position in CVS Health (CVS) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001976151
- Portfolio Value
- $925.2M (Q2 2024)
- SEC Filing
- 0001976151-24-000006 ↗ filed Aug 12, 2024
Holdings Value
Holdings 641 stocks · $925.2M
| CVS CVS Health Corp. | 1.08% | 169,946 | $10.0M | New |
| COP Conocophillips | 1.08% | 87,751 | $10.0M | Add +205.5% |
| JNJ Johnson & Johnson | 1.08% | 68,527 | $10.0M | Add +82.3% |
| CMS CMS Energy Corp. | 1.08% | 167,858 | $10.0M | Add +477.7% |
| COST Costco Wholesale Corp. | 1.08% | 11,734 | $10.0M | New |
| NVDA Nvidia Corp. | 1.08% | 80,632 | $10.0M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 24,484 | $10.0M | Add +1048.4% |
| AMZN Amazon.com Inc. | 1.08% | 51,521 | $10.0M | Add +480.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.07% | 25,911 | $9.9M | Add +55.3% |
| AAPL Apple Inc. | 1.07% | 46,869 | $9.9M | Add +29.7% |
| ITW Illinois Tool Works | 1.06% | 41,261 | $9.8M | Add +359.5% |
| AVGO Broadcom Inc. | 1.03% | 5,952 | $9.6M | New |
| LMT Lockheed Martin Corp. | 0.95% | 18,790 | $8.8M | Add +77.8% |
| ELV Elevance Health Inc. | 0.93% | 15,947 | $8.6M | New |
| PCG P G & E Corp. | 0.83% | 440,195 | $7.7M | Add +92.6% |
| NTAP Netapp Inc. | 0.83% | 59,433 | $7.7M | Add +314.1% |
| KLAC KLA Corp. | 0.81% | 9,112 | $7.5M | Add +59.3% |
| USB US Bancorp | 0.80% | 187,266 | $7.4M | Add +130.1% |
| CSX CSX Corp. | 0.76% | 209,280 | $7.0M | New |
| MMM 3M Co. | 0.75% | 67,797 | $6.9M | Add +152.6% |
| ROST Ross Stores Inc. | 0.74% | 46,840 | $6.8M | Add +116.2% |
| WMT Walmart Inc. | 0.73% | 99,084 | $6.7M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.68% | 13,475 | $6.3M | New |
| ADBE Adobe Inc. | 0.68% | 11,333 | $6.3M | New |
| PGR Progressive Corp. | 0.67% | 29,872 | $6.2M | Reduce -17.6% |
| WDAY Workday Inc. Class A | 0.67% | 27,551 | $6.2M | New |
| FERG Ferguson Jersey Ltd. | 0.65% | 31,067 | $6.0M | New |
| GILD Gilead Sciences Inc. | 0.63% | 84,317 | $5.8M | Reduce -17.0% |
| BMY Bristol-Myers Squibb Co. | 0.61% | 136,108 | $5.7M | New |
| OXY Occidental Petroleum Corp. | 0.60% | 88,003 | $5.5M | Add +35.6% |
| GOOGL Alphabet Inc. Class A | 0.60% | 30,386 | $5.5M | New |
| COR Cencora Inc. | 0.60% | 24,548 | $5.5M | Add +35.0% |
| CME Cme Group Inc. | 0.59% | 27,982 | $5.5M | Add +725.7% |
| CSCO Cisco Systems Inc. | 0.55% | 107,804 | $5.1M | Add +22.6% |
| MNST Monster Beverage Corp. | 0.54% | 100,733 | $5.0M | Add +95.3% |
| TEL Te Connectivity Ltd. | 0.54% | 33,016 | $5.0M | Reduce -20.8% |
| ED Consolidated Edison Inc. | 0.53% | 55,002 | $4.9M | New |
| KMB Kimberly-Clark Corp. | 0.51% | 34,129 | $4.7M | New |
| ROP Roper Technologies Inc. | 0.51% | 8,318 | $4.7M | Add +136.9% |
| LYFT LYFT Inc. Class A | 0.51% | 332,136 | $4.7M | Add +461.5% |
| DTE DTE Energy Company | 0.49% | 40,741 | $4.5M | Reduce -19.1% |
| MA Mastercard Inc. Class A | 0.49% | 10,235 | $4.5M | New |
| TEAM Atlassian Corp. Class A | 0.48% | 25,232 | $4.5M | New |
| NKE Nike Inc. Class B | 0.48% | 58,964 | $4.4M | Add +21.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 111,317 | $4.4M | New |
| DRI Darden Restaurants Inc. | 0.48% | 29,136 | $4.4M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.47% | 16,818 | $4.4M | New |
| TMO Thermo Fisher Scientific Inc. | 0.47% | 7,826 | $4.3M | Add +10.2% |
| YUM Yum! Brands Inc. | 0.46% | 32,209 | $4.3M | Add +446.4% |
| LOW Lowe's Cos Inc. | 0.45% | 19,042 | $4.2M | New |
| SBUX Starbucks Corp. | 0.44% | 52,547 | $4.1M | Reduce -35.8% |
| ELS Equity Lifestyle Properties | 0.44% | 62,698 | $4.1M | Add +19.1% |
| QRVO Qorvo Inc. | 0.44% | 35,119 | $4.1M | Add +635.6% |
| SYY Sysco Corp. | 0.44% | 56,649 | $4.0M | Add +35.5% |
| MAR Marriott International Class A | 0.44% | 16,651 | $4.0M | Add +210.9% |
| ETR Entergy Corp. | 0.43% | 36,973 | $4.0M | Add +218.2% |
| ANET Arista Networks Inc. | 0.42% | 11,159 | $3.9M | New |
| ULTA Ulta Beauty Inc. | 0.42% | 10,129 | $3.9M | New |
| CBOE Cboe Global Markets Inc. | 0.42% | 22,784 | $3.9M | Add +376.3% |
| HD Home Depot Inc. | 0.41% | 10,930 | $3.8M | New |
| KMI Kinder Morgan Inc. | 0.40% | 187,950 | $3.7M | New |
| VMC Vulcan Materials Co. | 0.40% | 14,943 | $3.7M | New |
| SWKS Skyworks Solutions Inc. | 0.40% | 34,623 | $3.7M | Reduce -15.5% |
| EXPD Expeditors Intl Wash Inc. | 0.40% | 29,524 | $3.7M | New |
| KDP Keurig Dr Pepper Inc. | 0.40% | 109,859 | $3.7M | New |
| LLY Eli Lilly & Co. | 0.39% | 4,036 | $3.7M | New |
| PRU Prudential Financial Inc. | 0.39% | 30,779 | $3.6M | New |
| CMI Cummins Inc. | 0.39% | 12,971 | $3.6M | Add +406.7% |
| WBD Warner Bros Discovery Inc. | 0.39% | 482,471 | $3.6M | Add +45.6% |
| SCHW Schwab (charles) Corp. | 0.39% | 48,461 | $3.6M | Add +46.5% |
| CHRD Chord Energy Corp. | 0.38% | 21,070 | $3.5M | Add +32.9% |
| BLDR Builders Firstsource Inc. | 0.38% | 25,449 | $3.5M | Add +367.4% |
| APO Apollo Global Management Inc. | 0.38% | 29,823 | $3.5M | Add +2.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.38% | 33,015 | $3.5M | New |
| TDG Transdigm Group Inc. | 0.37% | 2,683 | $3.4M | New |
| DELL Dell Technologies -C | 0.37% | 24,712 | $3.4M | New |
| SPOT Spotify Technology SA | 0.37% | 10,835 | $3.4M | Add +153.7% |
| VRSN Verisign Inc. | 0.36% | 18,996 | $3.4M | Reduce -27.4% |
| SBAC SBA Communications Corp. | 0.36% | 17,117 | $3.4M | New |
| PYPL PayPal Holdings Inc. | 0.35% | 56,593 | $3.3M | Add +151.7% |
| MAS Masco Corp. | 0.35% | 48,857 | $3.3M | Add +8.4% |
| PNC PNC Financial Services Group | 0.34% | 20,419 | $3.2M | Add +131.4% |
| MDT Medtronic PLC | 0.34% | 40,217 | $3.2M | New |
| ADM Archer-Daniels-Midland Co. | 0.33% | 50,870 | $3.1M | Reduce -57.3% |
| SNOW Snowflake Inc. | 0.33% | 22,598 | $3.1M | Reduce -41.8% |
| RHI Robert Half Inc. | 0.33% | 47,539 | $3.0M | Add +318.9% |
| DECK Deckers Outdoor Corp. | 0.33% | 3,124 | $3.0M | Reduce -39.0% |
| LULU Lululemon Athletica Inc. | 0.32% | 10,059 | $3.0M | New |
| ETN Eaton Corp. PLC | 0.32% | 9,562 | $3.0M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.32% | 30,500 | $3.0M | New |
| DKS Dick's Sporting Goods Inc. | 0.32% | 13,772 | $3.0M | Add +3.8% |
| NTRS Northern Trust Corp. | 0.32% | 35,158 | $3.0M | Add +171.1% |
| VZ Verizon Communications Inc. | 0.32% | 71,577 | $3.0M | New |
| VST Vistra Corp. | 0.32% | 34,225 | $2.9M | Add +15.4% |
| OKE Oneok Inc. | 0.31% | 35,724 | $2.9M | Add +414.0% |
| TFX Teleflex Inc. | 0.31% | 13,684 | $2.9M | Add +820.2% |
| NRG NRG Energy Inc. | 0.31% | 36,861 | $2.9M | Add +124.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.31% | 13,103 | $2.9M | New |
| HUBB Hubbell Inc. | 0.31% | 7,738 | $2.8M | New |
| CSGP Costar Group Inc. | 0.30% | 37,746 | $2.8M | New |
Portfolio Sells Q1 2024 → Q2 2024
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.80 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.80 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.79 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.76 |
| MU Micron Technology Inc. | Reduce -88.3% | 0.11% | −0.69 |
| HUM Humana Inc. | Sold out | 0.00% | −0.67 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.61 |
| PPG PPG Industries Inc. | Reduce -90.4% | 0.05% | −0.59 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.55 |
| VRT Vertiv Holdings Co. Class A | Reduce -74.1% | 0.21% | −0.54 |
| NTNX Nutanix Inc. Class A | Reduce -94.3% | 0.03% | −0.54 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.54 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.53 |
| CHTR Charter Communications Inc. Class A | Reduce -81.7% | 0.12% | −0.52 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.52 |
| SHW The Sherwin-Williams Co. | Reduce -90.4% | 0.05% | −0.51 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −0.51 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.50 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.50 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.48 |
| APA Apa Corp. | Reduce -66.7% | 0.19% | −0.48 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.48 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.47 |
| ADM Archer-Daniels-Midland Co. | Reduce -57.3% | 0.33% | −0.46 |
| BA The Boeing Co. | Sold out | 0.00% | −0.46 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.46 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.44 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.43 |
| PR Permian Resources Corp. Class A | Reduce -75.8% | 0.12% | −0.43 |
| PM Philip Morris International | Reduce -63.3% | 0.29% | −0.42 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.41 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.41 |
| AWK American Water Works Co. Inc. | Reduce -92.8% | 0.03% | −0.40 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.40 |
| RIVN Rivian Automotive Inc. Class A | Reduce -74.7% | 0.18% | −0.39 |
| INTC Intel Corp. | Sold out | 0.00% | −0.38 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.38 |
| GLPI Gaming and Leisure Propertie | Reduce -69.3% | 0.16% | −0.38 |
| T AT&T Inc. | Reduce -70.2% | 0.18% | −0.37 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.37 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.36 |
| SBUX Starbucks Corp. | Reduce -35.8% | 0.44% | −0.36 |
| CVNA Carvana Co. | Reduce -89.9% | 0.06% | −0.35 |
| DVA Davita Inc. | Sold out | 0.00% | −0.35 |
| SNOW Snowflake Inc. | Reduce -41.8% | 0.33% | −0.34 |
| SO The Southern Co. | Sold out | 0.00% | −0.34 |
| DAL Delta Air Lines Inc. | Reduce -93.0% | 0.03% | −0.34 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -89.5% | 0.06% | −0.33 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.33 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.33 |
Portfolio Buys Q1 2024 → Q2 2024
| CVS CVS Health Corp. | New | 1.08% | +1.08 |
| COST Costco Wholesale Corp. | New | 1.08% | +1.08 |
| NVDA Nvidia Corp. | New | 1.08% | +1.08 |
| AVGO Broadcom Inc. | New | 1.03% | +1.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1048.4% | 1.08% | +0.98 |
| ELV Elevance Health Inc. | New | 0.93% | +0.93 |
| AMZN Amazon.com Inc. | Add +480.6% | 1.08% | +0.91 |
| CMS CMS Energy Corp. | Add +477.7% | 1.08% | +0.89 |
| ITW Illinois Tool Works | Add +359.5% | 1.06% | +0.80 |
| CSX CSX Corp. | New | 0.76% | +0.76 |
| WMT Walmart Inc. | New | 0.73% | +0.73 |
| COP Conocophillips | Add +205.5% | 1.08% | +0.69 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.68% | +0.68 |
| ADBE Adobe Inc. | New | 0.68% | +0.68 |
| NTAP Netapp Inc. | Add +314.1% | 0.83% | +0.67 |
| WDAY Workday Inc. Class A | New | 0.67% | +0.67 |
| FERG Ferguson Jersey Ltd. | New | 0.65% | +0.65 |
| BMY Bristol-Myers Squibb Co. | New | 0.61% | +0.61 |
| GOOGL Alphabet Inc. Class A | New | 0.60% | +0.60 |
| ED Consolidated Edison Inc. | New | 0.53% | +0.53 |
| CME Cme Group Inc. | Add +725.7% | 0.59% | +0.52 |
| KMB Kimberly-Clark Corp. | New | 0.51% | +0.51 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +55.3% | 1.07% | +0.50 |
| MA Mastercard Inc. Class A | New | 0.49% | +0.49 |
| TEAM Atlassian Corp. Class A | New | 0.48% | +0.48 |
| BAC Bank of America Corp. | New | 0.48% | +0.48 |
| DRI Darden Restaurants Inc. | New | 0.48% | +0.48 |
| AJG Arthur J Gallagher & Co. | New | 0.47% | +0.47 |
| LOW Lowe's Cos Inc. | New | 0.45% | +0.45 |
| JNJ Johnson & Johnson | Add +82.3% | 1.08% | +0.45 |
| MMM 3M Co. | Add +152.6% | 0.75% | +0.45 |
| LMT Lockheed Martin Corp. | Add +77.8% | 0.95% | +0.44 |
| ANET Arista Networks Inc. | New | 0.42% | +0.42 |
| ULTA Ulta Beauty Inc. | New | 0.42% | +0.42 |
| PCG P G & E Corp. | Add +92.6% | 0.83% | +0.42 |
| USB US Bancorp | Add +130.1% | 0.80% | +0.42 |
| HD Home Depot Inc. | New | 0.41% | +0.41 |
| AAPL Apple Inc. | Add +29.7% | 1.07% | +0.41 |
| KMI Kinder Morgan Inc. | New | 0.40% | +0.40 |
| VMC Vulcan Materials Co. | New | 0.40% | +0.40 |
| EXPD Expeditors Intl Wash Inc. | New | 0.40% | +0.40 |
| ROST Ross Stores Inc. | Add +116.2% | 0.74% | +0.40 |
| KDP Keurig Dr Pepper Inc. | New | 0.40% | +0.40 |
| LLY Eli Lilly & Co. | New | 0.39% | +0.39 |
| PRU Prudential Financial Inc. | New | 0.39% | +0.39 |
| KLAC KLA Corp. | Add +59.3% | 0.81% | +0.39 |
| LYFT LYFT Inc. Class A | Add +461.5% | 0.51% | +0.38 |
| QRVO Qorvo Inc. | Add +635.6% | 0.44% | +0.38 |
| EL Estee Lauder Companies Class A | New | 0.38% | +0.38 |
| YUM Yum! Brands Inc. | Add +446.4% | 0.46% | +0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 929 | $2.5B | NOC, MA, SHW, COP, WFC |
| Q1 2026 | 857 | $2.2B | LNG, BSX, COST, ABT, CL |
| Q4 2025 | 849 | $1.8B | PLTR, XOM, MU, NOW, NFLX |
| Q3 2025 | 784 | $1.3B | MU, CVX, V, WMT, KO |
| Q2 2025 | 749 | $1.3B | MA, QCOM, CRM, PFE, DIS |
| Q1 2025 | 682 | $1.0B | EQIX, CRM, JNJ, MRSH, PEP |
| Q4 2024 | 691 | $971.0M | DHR, PFE, ADBE, NVDA, OXY |
| Q3 2024 | 687 | $952.5M | MSFT, LRCX, FERG, TMO, SHW |
| Q2 2024 | 641 | $925.2M | CVS, COP, JNJ, CMS, COST |
| Q1 2024 | 696 | $938.0M | UNH, MU, PGR, EA, SBUX |