Entropy Technologies, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Entropy Technologies, LP reported 687 stock positions worth $952.5 million. Its top holding was Microsoft (MSFT) at 1.3% of the portfolio, followed by Lam Research (LRCX, 1.3%) and Ferguson Enterprises (FERG, 1.1%). Compared with Q2 2024, it opened 332 new positions, sold out of 286, added to 168 and reduced 185. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from Johnson & Johnson (JNJ).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001976151
- Portfolio Value
- $952.5M (Q3 2024)
- SEC Filing
- 0001976151-24-000008 ↗ filed Nov 4, 2024
Holdings Value
Holdings 687 stocks · $952.5M
| MSFT Microsoft Corp. | 1.32% | 29,272 | $12.6M | New |
| LRCX Lam Research Corp. | 1.32% | 15,420 | $12.6M | New |
| FERG Ferguson Enterprises Inc. | 1.08% | 51,647 | $10.3M | Add +66.2% |
| TMO Thermo Fisher Scientific Inc. | 1.07% | 16,519 | $10.2M | Add +111.1% |
| SHW The Sherwin-Williams Co. | 0.91% | 22,649 | $8.6M | Add +1468.5% |
| ADBE Adobe Inc. | 0.90% | 16,596 | $8.6M | Add +46.4% |
| ADP Automatic Data Processing | 0.89% | 30,548 | $8.5M | Add +896.4% |
| USB US Bancorp | 0.84% | 175,132 | $8.0M | Reduce -6.5% |
| CVS CVS Health Corp. | 0.80% | 121,840 | $7.7M | Reduce -28.3% |
| AAPL Apple Inc. | 0.77% | 31,639 | $7.4M | Reduce -32.5% |
| WMT Walmart Inc. | 0.76% | 89,965 | $7.3M | Reduce -9.2% |
| V Visa Inc. Class A | 0.76% | 26,397 | $7.3M | New |
| LMT Lockheed Martin Corp. | 0.73% | 11,864 | $6.9M | Reduce -36.9% |
| PM Philip Morris International | 0.72% | 56,864 | $6.9M | Add +111.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.71% | 170,282 | $6.8M | Add +53.0% |
| ED Consolidated Edison Inc. | 0.70% | 64,470 | $6.7M | Add +17.2% |
| DHR Danaher Corp. | 0.70% | 24,103 | $6.7M | New |
| UBER Uber Technologies Inc. | 0.69% | 87,587 | $6.6M | New |
| ITW Illinois Tool Works | 0.68% | 24,742 | $6.5M | Reduce -40.0% |
| SCHW Schwab (charles) Corp. | 0.65% | 95,201 | $6.2M | Add +96.5% |
| DTE DTE Energy Company | 0.61% | 45,182 | $5.8M | Add +10.9% |
| TEL Te Connectivity PLC | 0.61% | 38,295 | $5.8M | Add +16.0% |
| OVV Ovintiv Inc. | 0.60% | 149,457 | $5.7M | Add +319.9% |
| BMY Bristol-Myers Squibb Co. | 0.60% | 110,022 | $5.7M | Reduce -19.2% |
| TRGP Targa Resources Corp. | 0.60% | 38,425 | $5.7M | Add +78.0% |
| CL Colgate-Palmolive Co. | 0.59% | 54,313 | $5.6M | New |
| QCOM Qualcomm Inc. | 0.59% | 33,154 | $5.6M | New |
| MELI MercadoLibre Inc. | 0.59% | 2,728 | $5.6M | New |
| MMM 3M Co. | 0.57% | 39,614 | $5.4M | Reduce -41.6% |
| ETN Eaton Corp. PLC | 0.56% | 16,018 | $5.3M | Add +67.5% |
| EQIX Equinix Inc. | 0.55% | 5,900 | $5.2M | Add +90.1% |
| FTV Fortive Corp. | 0.54% | 65,506 | $5.2M | New |
| NOC Northrop Grumman Corp. | 0.53% | 9,580 | $5.1M | New |
| APP AppLovin Corp. Class A | 0.53% | 38,676 | $5.0M | Add +60.4% |
| K Kellanova | 0.53% | 62,296 | $5.0M | Add +80.0% |
| PGR Progressive Corp. | 0.52% | 19,665 | $5.0M | Reduce -34.2% |
| AMT American Tower Corp. | 0.51% | 20,837 | $4.8M | New |
| VST Vistra Corp. | 0.51% | 40,578 | $4.8M | Add +18.6% |
| OXY Occidental Petroleum Corp. | 0.50% | 92,504 | $4.8M | Add +5.1% |
| CNQ Canadian Natural Resources | 0.49% | 141,579 | $4.7M | New |
| HES Hess Corp. | 0.49% | 34,571 | $4.7M | New |
| PH Parker Hannifin Corp. | 0.49% | 7,416 | $4.7M | Add +40.3% |
| HUM Humana Inc. | 0.49% | 14,767 | $4.7M | New |
| ICE Intercontinental Exchange Inc. | 0.48% | 28,678 | $4.6M | New |
| CCEP Coca-Cola Europacific Partne | 0.48% | 58,368 | $4.6M | New |
| FCX Freeport-McMoran Inc. | 0.48% | 91,578 | $4.6M | Add +71.0% |
| AVY Avery Dennison Corp. | 0.48% | 20,568 | $4.5M | Add +127.6% |
| MRK Merck & Co. Inc. | 0.47% | 39,839 | $4.5M | Add +322.0% |
| NXPI NXP Semiconductors NV | 0.46% | 18,400 | $4.4M | New |
| RBLX Roblox Corp. Class A | 0.46% | 99,649 | $4.4M | Add +168.4% |
| KO The Coca-Cola Co. | 0.45% | 60,006 | $4.3M | Add +150.3% |
| SBAC SBA Communications Corp. | 0.45% | 17,824 | $4.3M | Add +4.1% |
| AIG American International Group | 0.43% | 56,288 | $4.1M | Add +119.4% |
| CVNA Carvana Co. | 0.43% | 23,541 | $4.1M | Add +428.5% |
| TT Trane Technologies PLC | 0.43% | 10,538 | $4.1M | Add +32.7% |
| HIG Hartford Insurance Group Inc. | 0.42% | 34,385 | $4.0M | New |
| BDX Becton Dickinson and Co. | 0.42% | 16,705 | $4.0M | Add +145.2% |
| ULTA Ulta Beauty Inc. | 0.42% | 10,320 | $4.0M | Add +1.9% |
| DRI Darden Restaurants Inc. | 0.42% | 24,428 | $4.0M | Reduce -16.2% |
| VEEV Veeva Systems Inc. Class A | 0.42% | 19,044 | $4.0M | Add +40.5% |
| T AT&T Inc. | 0.42% | 180,600 | $4.0M | Add +107.1% |
| NVR NVR Inc. | 0.39% | 382 | $3.7M | Add +35.5% |
| NVDA Nvidia Corp. | 0.39% | 30,600 | $3.7M | Reduce -62.0% |
| WY Weyerhaeuser Co. | 0.39% | 109,745 | $3.7M | Add +162.3% |
| B Barrick Gold Corp. | 0.39% | 186,586 | $3.7M | New |
| HAL Halliburton Co. | 0.38% | 124,983 | $3.6M | Add +157.6% |
| INTC Intel Corp. | 0.38% | 154,489 | $3.6M | New |
| VMC Vulcan Materials Co. | 0.38% | 14,292 | $3.6M | Reduce -4.4% |
| FTNT Fortinet Inc. | 0.37% | 45,781 | $3.6M | New |
| YUM Yum! Brands Inc. | 0.37% | 25,353 | $3.5M | Reduce -21.3% |
| UNP Union Pacific Corp. | 0.37% | 14,359 | $3.5M | New |
| LIN Linde PLC | 0.37% | 7,300 | $3.5M | New |
| DXCM Dexcom Inc. | 0.37% | 51,914 | $3.5M | New |
| CVE Cenovus Energy Inc. | 0.36% | 207,542 | $3.5M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 29,473 | $3.5M | Add +101.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.36% | 28,542 | $3.4M | Add +270.9% |
| LLY Eli Lilly & Co. | 0.35% | 3,812 | $3.4M | Reduce -5.5% |
| LNG Cheniere Energy Inc. | 0.35% | 18,668 | $3.4M | Add +29.1% |
| KEYS Keysight Technologies Inc. | 0.35% | 21,074 | $3.3M | New |
| TEAM Atlassian Corp. Class A | 0.34% | 20,511 | $3.3M | Reduce -18.7% |
| EIX Edison International | 0.34% | 37,027 | $3.2M | Add +403.6% |
| CFG Citizens Financial Group | 0.34% | 78,136 | $3.2M | Add +94.8% |
| VRT Vertiv Holdings Co. Class A | 0.33% | 31,839 | $3.2M | Add +42.4% |
| U Unity Software Inc. | 0.33% | 137,737 | $3.1M | Reduce -3.2% |
| A Agilent Technologies Inc. | 0.33% | 20,975 | $3.1M | New |
| WDAY Workday Inc. Class A | 0.33% | 12,705 | $3.1M | Reduce -53.9% |
| CMS CMS Energy Corp. | 0.32% | 43,453 | $3.1M | Reduce -74.1% |
| SPGI S&P Global Inc. | 0.32% | 5,915 | $3.1M | New |
| VTR Ventas Inc. | 0.32% | 47,582 | $3.1M | Add +59.5% |
| DECK Deckers Outdoor Corp. | 0.31% | 18,449 | $2.9M | Reduce -1.6% |
| UPS United Parcel Service Class B | 0.31% | 21,574 | $2.9M | New |
| EA Electronic Arts Inc. | 0.30% | 20,231 | $2.9M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 6,266 | $2.9M | Reduce -74.4% |
| ABNB Airbnb Inc. Class A | 0.30% | 22,734 | $2.9M | New |
| ANET Arista Networks Inc. | 0.30% | 7,343 | $2.8M | Reduce -34.2% |
| WEC WEC Energy Group Inc. | 0.29% | 29,186 | $2.8M | Add +42.0% |
| MCO Moody's Corp. | 0.29% | 5,884 | $2.8M | New |
| MSCI MSCI Inc. | 0.29% | 4,790 | $2.8M | Add +50.3% |
| HUBS HubSpot Inc. | 0.29% | 5,250 | $2.8M | New |
| CSGP Costar Group Inc. | 0.29% | 36,761 | $2.8M | Reduce -2.6% |
Portfolio Sells Q2 2024 → Q3 2024
| JNJ Johnson & Johnson | Sold out | 0.00% | −1.08 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.08 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −1.07 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.03 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.93 |
| COP Conocophillips | Reduce -80.3% | 0.19% | −0.89 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.83 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.81 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -74.4% | 0.30% | −0.77 |
| CMS CMS Energy Corp. | Reduce -74.1% | 0.32% | −0.76 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.74 |
| CSX CSX Corp. | Reduce -96.7% | 0.03% | −0.73 |
| NTAP Netapp Inc. | Reduce -84.9% | 0.12% | −0.71 |
| NVDA Nvidia Corp. | Reduce -62.0% | 0.39% | −0.69 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.68 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.63 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.55 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.54 |
| CME Cme Group Inc. | Reduce -89.3% | 0.07% | −0.53 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.51 |
| GOOGL Alphabet Inc. Class A | Reduce -78.1% | 0.12% | −0.48 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.47 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.45 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.44 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.44 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.44 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.44 |
| KMB Kimberly-Clark Corp. | Reduce -80.3% | 0.10% | −0.41 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.40 |
| LYFT LYFT Inc. Class A | Reduce -75.8% | 0.11% | −0.40 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.40 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.39 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.38 |
| COR Cencora Inc. | Reduce -62.5% | 0.22% | −0.38 |
| ITW Illinois Tool Works | Reduce -40.0% | 0.68% | −0.38 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.37 |
| EXPD Expeditors Intl Wash Inc. | Reduce -87.8% | 0.05% | −0.35 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.34 |
| ETR Entergy Corp. | Reduce -83.3% | 0.09% | −0.34 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.34 |
| WDAY Workday Inc. Class A | Reduce -53.9% | 0.33% | −0.34 |
| SWKS Skyworks Solutions Inc. | Reduce -82.2% | 0.06% | −0.34 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.33 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.32 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.32 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.31 |
| MA Mastercard Inc. Class A | Reduce -66.2% | 0.18% | −0.31 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.31 |
| AAPL Apple Inc. | Reduce -32.5% | 0.77% | −0.29 |
Portfolio Buys Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | New | 1.32% | +1.32 |
| LRCX Lam Research Corp. | New | 1.32% | +1.32 |
| SHW The Sherwin-Williams Co. | Add +1468.5% | 0.91% | +0.86 |
| ADP Automatic Data Processing | Add +896.4% | 0.89% | +0.81 |
| V Visa Inc. Class A | New | 0.76% | +0.76 |
| DHR Danaher Corp. | New | 0.70% | +0.70 |
| UBER Uber Technologies Inc. | New | 0.69% | +0.69 |
| TMO Thermo Fisher Scientific Inc. | Add +111.1% | 1.07% | +0.61 |
| CL Colgate-Palmolive Co. | New | 0.59% | +0.59 |
| QCOM Qualcomm Inc. | New | 0.59% | +0.59 |
| MELI MercadoLibre Inc. | New | 0.59% | +0.59 |
| FTV Fortive Corp. | New | 0.54% | +0.54 |
| NOC Northrop Grumman Corp. | New | 0.53% | +0.53 |
| AMT American Tower Corp. | New | 0.51% | +0.51 |
| CNQ Canadian Natural Resources | New | 0.49% | +0.49 |
| HES Hess Corp. | New | 0.49% | +0.49 |
| HUM Humana Inc. | New | 0.49% | +0.49 |
| ICE Intercontinental Exchange Inc. | New | 0.48% | +0.48 |
| CCEP Coca-Cola Europacific Partne | New | 0.48% | +0.48 |
| NXPI NXP Semiconductors NV | New | 0.46% | +0.46 |
| PM Philip Morris International | Add +111.3% | 0.72% | +0.43 |
| FERG Ferguson Enterprises Inc. | Add +66.2% | 1.08% | +0.43 |
| HIG Hartford Insurance Group Inc. | New | 0.42% | +0.42 |
| OVV Ovintiv Inc. | Add +319.9% | 0.60% | +0.42 |
| B Barrick Gold Corp. | New | 0.39% | +0.39 |
| INTC Intel Corp. | New | 0.38% | +0.38 |
| FTNT Fortinet Inc. | New | 0.37% | +0.37 |
| UNP Union Pacific Corp. | New | 0.37% | +0.37 |
| CVNA Carvana Co. | Add +428.5% | 0.43% | +0.37 |
| LIN Linde PLC | New | 0.37% | +0.37 |
| DXCM Dexcom Inc. | New | 0.37% | +0.37 |
| CVE Cenovus Energy Inc. | New | 0.36% | +0.36 |
| KEYS Keysight Technologies Inc. | New | 0.35% | +0.35 |
| MRK Merck & Co. Inc. | Add +322.0% | 0.47% | +0.35 |
| A Agilent Technologies Inc. | New | 0.33% | +0.33 |
| SPGI S&P Global Inc. | New | 0.32% | +0.32 |
| RBLX Roblox Corp. Class A | Add +168.4% | 0.46% | +0.31 |
| APP AppLovin Corp. Class A | Add +60.4% | 0.53% | +0.31 |
| K Kellanova | Add +80.0% | 0.53% | +0.31 |
| UPS United Parcel Service Class B | New | 0.31% | +0.31 |
| EA Electronic Arts Inc. | New | 0.30% | +0.30 |
| ABNB Airbnb Inc. Class A | New | 0.30% | +0.30 |
| TRGP Targa Resources Corp. | Add +78.0% | 0.60% | +0.30 |
| EQIX Equinix Inc. | Add +90.1% | 0.55% | +0.30 |
| MCO Moody's Corp. | New | 0.29% | +0.29 |
| HUBS HubSpot Inc. | New | 0.29% | +0.29 |
| KO The Coca-Cola Co. | Add +150.3% | 0.45% | +0.29 |
| BMO Bank of Montreal | New | 0.28% | +0.28 |
| EIX Edison International | Add +403.6% | 0.34% | +0.28 |
| IRM Iron Mountain Inc. | Add +270.9% | 0.36% | +0.28 |
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 |