Entropy Technologies, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Entropy Technologies, LP reported 691 stock positions worth $971.0 million. Its top holding was Danaher (DHR) at 1.3% of the portfolio, followed by Pfizer (PFE, 1.3%) and Adobe (ADBE, 1.3%). Compared with Q3 2024, it opened 366 new positions, sold out of 362, added to 178 and reduced 145. The biggest buy was Pfizer (PFE, shares +1488%) and the biggest sale an exit from Lam Research (LRCX).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001976151
- Portfolio Value
- $971.0M (Q4 2024)
- SEC Filing
- 0001976151-25-000015 ↗ filed Jan 28, 2025
Holdings Value
Holdings 691 stocks · $971.0M
| DHR Danaher Corp. | 1.29% | 54,567 | $12.5M | Add +126.4% |
| PFE Pfizer Inc. | 1.29% | 471,886 | $12.5M | Add +1488.3% |
| ADBE Adobe Inc. | 1.28% | 28,011 | $12.5M | Add +68.8% |
| NVDA Nvidia Corp. | 1.28% | 92,455 | $12.4M | Add +202.1% |
| OXY Occidental Petroleum Corp. | 1.22% | 239,172 | $11.8M | Add +158.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.19% | 261,831 | $11.5M | Add +53.8% |
| KLAC KLA Corp. | 1.05% | 16,119 | $10.2M | New |
| DASH DoorDash Inc. Class A | 0.91% | 52,691 | $8.8M | Add +379.3% |
| CDW CDW Corp. | 0.86% | 48,010 | $8.4M | Add +1168.1% |
| LOW Lowe's Cos Inc. | 0.84% | 32,883 | $8.1M | New |
| B Barrick Gold Corp. | 0.78% | 486,922 | $7.5M | Add +161.0% |
| INTU Intuit Inc. | 0.78% | 12,001 | $7.5M | Add +384.1% |
| PKG Packaging Corp. of America | 0.75% | 32,514 | $7.3M | New |
| LIN Linde PLC | 0.72% | 16,699 | $7.0M | Add +128.8% |
| GD General Dynamics Corp. | 0.68% | 25,212 | $6.6M | Add +772.7% |
| ROP Roper Technologies Inc. | 0.67% | 12,554 | $6.5M | New |
| NEE Nextera Energy Inc. | 0.66% | 89,710 | $6.4M | New |
| NKE Nike Inc. Class B | 0.66% | 84,603 | $6.4M | Add +239.1% |
| AMGN Amgen Inc. | 0.65% | 24,194 | $6.3M | New |
| LLY Eli Lilly & Co. | 0.65% | 8,141 | $6.3M | Add +113.6% |
| ICE Intercontinental Exchange Inc. | 0.64% | 41,469 | $6.2M | Add +44.6% |
| STZ Constellation Brands Inc. Class A | 0.63% | 27,857 | $6.2M | Add +339.6% |
| DUK Duke Energy Corp. | 0.63% | 56,437 | $6.1M | New |
| WM Waste Management Inc. | 0.62% | 30,059 | $6.1M | New |
| FITB Fifth Third Bancorp | 0.62% | 141,829 | $6.0M | New |
| INTC Intel Corp. | 0.61% | 293,790 | $5.9M | Add +90.2% |
| PNC PNC Financial Services Group | 0.60% | 30,201 | $5.8M | New |
| TSLA Tesla Inc. | 0.60% | 14,353 | $5.8M | Add +42.1% |
| TRGP Targa Resources Corp. | 0.55% | 29,650 | $5.3M | Reduce -22.8% |
| BIIB Biogen Inc. | 0.54% | 34,397 | $5.3M | New |
| CVS CVS Health Corp. | 0.54% | 116,742 | $5.2M | Reduce -4.2% |
| SOFI Sofi Technologies Inc. | 0.53% | 333,426 | $5.1M | Add +201.5% |
| SCHW Schwab (charles) Corp. | 0.53% | 69,281 | $5.1M | Reduce -27.2% |
| MDT Medtronic PLC | 0.52% | 63,500 | $5.1M | New |
| PGR Progressive Corp. | 0.52% | 21,083 | $5.1M | Add +7.2% |
| EIX Edison International | 0.52% | 62,916 | $5.0M | Add +69.9% |
| VST Vistra Corp. | 0.52% | 36,300 | $5.0M | Reduce -10.5% |
| GEV GE Vernova Inc. | 0.51% | 15,090 | $5.0M | New |
| FERG Ferguson Enterprises Inc. | 0.51% | 28,335 | $4.9M | Reduce -45.1% |
| ROST Ross Stores Inc. | 0.50% | 32,402 | $4.9M | New |
| SPG Simon Property Group Inc. | 0.50% | 28,424 | $4.9M | New |
| VRT Vertiv Holdings Co. Class A | 0.50% | 43,044 | $4.9M | Add +35.2% |
| NUE Nucor Corp. | 0.49% | 41,100 | $4.8M | New |
| CL Colgate-Palmolive Co. | 0.48% | 51,244 | $4.7M | Reduce -5.7% |
| DOV Dover Corp. | 0.48% | 24,687 | $4.6M | New |
| VIK Viking Holdings Ltd. | 0.47% | 104,278 | $4.6M | Add +338.4% |
| KGC Kinross Gold Corp. | 0.47% | 494,590 | $4.6M | Add +267.8% |
| WMB Williams Cos Inc. | 0.45% | 81,413 | $4.4M | New |
| TT Trane Technologies PLC | 0.45% | 11,738 | $4.3M | Add +11.4% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 8,166 | $4.2M | Reduce -50.6% |
| MSFT Microsoft Corp. | 0.42% | 9,655 | $4.1M | Reduce -67.0% |
| QRVO Qorvo Inc. | 0.42% | 58,192 | $4.1M | Add +148.2% |
| MS Morgan Stanley | 0.41% | 31,516 | $4.0M | New |
| ANET Arista Networks Inc. | 0.41% | 35,706 | $3.9M | Add +21.6% |
| VZ Verizon Communications Inc. | 0.41% | 98,426 | $3.9M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.40% | 32,457 | $3.9M | Add +10.1% |
| DHI D.R. Horton Inc. | 0.40% | 27,591 | $3.9M | Add +1049.6% |
| CSCO Cisco Systems Inc. | 0.40% | 64,797 | $3.8M | New |
| VTR Ventas Inc. | 0.39% | 64,853 | $3.8M | Add +36.3% |
| REGN Regeneron Pharmaceuticals | 0.39% | 5,300 | $3.8M | Add +1225.0% |
| T AT&T Inc. | 0.38% | 164,052 | $3.7M | Reduce -9.2% |
| CNC Centene Corp. | 0.38% | 61,211 | $3.7M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.38% | 14,884 | $3.7M | New |
| ADP Automatic Data Processing | 0.37% | 12,406 | $3.6M | Reduce -59.4% |
| IQV Iqvia Holdings Inc. | 0.37% | 18,440 | $3.6M | New |
| CRM Salesforce Inc. | 0.37% | 10,717 | $3.6M | New |
| TGT Target Corp. | 0.37% | 26,303 | $3.6M | New |
| A Agilent Technologies Inc. | 0.36% | 26,319 | $3.5M | Add +25.5% |
| STX Seagate Technology Holdings | 0.36% | 40,677 | $3.5M | Add +434.0% |
| CNX CNX Resources Corp. | 0.36% | 94,657 | $3.5M | Add +493.9% |
| UPS United Parcel Service Class B | 0.35% | 27,326 | $3.4M | Add +26.7% |
| EOG EOG Resources Inc. | 0.35% | 28,076 | $3.4M | New |
| FTV Fortive Corp. | 0.35% | 45,510 | $3.4M | Reduce -30.5% |
| MO Altria Group Inc. | 0.35% | 64,770 | $3.4M | New |
| LII Lennox International Inc. | 0.35% | 5,540 | $3.4M | Add +386.0% |
| PSA Public Storage | 0.34% | 11,113 | $3.3M | New |
| TOST Toast Inc. Class A | 0.34% | 89,229 | $3.3M | Add +182.4% |
| ABNB Airbnb Inc. Class A | 0.33% | 24,650 | $3.2M | Add +8.4% |
| DTE DTE Energy Company | 0.33% | 26,761 | $3.2M | Reduce -40.8% |
| VMC Vulcan Materials Co. | 0.32% | 12,211 | $3.1M | Reduce -14.6% |
| UBER Uber Technologies Inc. | 0.32% | 51,302 | $3.1M | Reduce -41.4% |
| MRSH Marsh & McLennan Cos | 0.31% | 14,278 | $3.0M | Add +275.2% |
| SO The Southern Co. | 0.31% | 36,549 | $3.0M | Add +388.7% |
| EQT Eqt Corp. | 0.31% | 65,233 | $3.0M | New |
| QCOM Qualcomm Inc. | 0.31% | 19,457 | $3.0M | Reduce -41.3% |
| HAL Halliburton Co. | 0.31% | 109,798 | $3.0M | Reduce -12.2% |
| TW Tradeweb Markets Inc. Class A | 0.31% | 22,800 | $3.0M | Add +94.9% |
| BX Blackstone Inc. | 0.31% | 17,238 | $3.0M | New |
| DKNG Draftkings Inc. Class A | 0.29% | 76,748 | $2.9M | New |
| BA The Boeing Co. | 0.29% | 15,713 | $2.8M | New |
| MRK Merck & Co. Inc. | 0.29% | 27,843 | $2.8M | Reduce -30.1% |
| ESS Essex Property Trust Inc. | 0.28% | 9,686 | $2.8M | Add +296.6% |
| EME Emcor Group Inc. | 0.28% | 6,091 | $2.8M | Add +386.5% |
| D Dominion Energy Inc. | 0.28% | 50,792 | $2.7M | New |
| ORI Old Republic Intl Corp. | 0.28% | 74,673 | $2.7M | New |
| NXPI NXP Semiconductors NV | 0.28% | 12,861 | $2.7M | Reduce -30.1% |
| TTC Toro Co. | 0.27% | 33,312 | $2.7M | Add +134.6% |
| RBLX Roblox Corp. Class A | 0.27% | 45,723 | $2.6M | Reduce -54.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.27% | 3,800 | $2.6M | New |
| PTEN Patterson-Uti Energy Inc. | 0.27% | 317,122 | $2.6M | Add +162.5% |
Portfolio Sells Q3 2024 → Q4 2024
| LRCX Lam Research Corp. | Sold out | 0.00% | −1.32 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.91 |
| MSFT Microsoft Corp. | Reduce -67.0% | 0.42% | −0.90 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.77 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.76 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.76 |
| USB US Bancorp | Reduce -90.5% | 0.08% | −0.76 |
| PM Philip Morris International | Sold out | 0.00% | −0.72 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.68 |
| TMO Thermo Fisher Scientific Inc. | Reduce -50.6% | 0.44% | −0.64 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.61 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.60 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.59 |
| FERG Ferguson Enterprises Inc. | Reduce -45.1% | 0.51% | −0.57 |
| MMM 3M Co. | Sold out | 0.00% | −0.57 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.56 |
| LMT Lockheed Martin Corp. | Reduce -70.9% | 0.17% | −0.56 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.55 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.53 |
| ED Consolidated Edison Inc. | Reduce -67.8% | 0.19% | −0.51 |
| ADP Automatic Data Processing | Reduce -59.4% | 0.37% | −0.51 |
| HES Hess Corp. | Sold out | 0.00% | −0.49 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.49 |
| HUM Humana Inc. | Sold out | 0.00% | −0.49 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.48 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.48 |
| K Kellanova | Reduce -89.5% | 0.05% | −0.47 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.45 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.45 |
| AVY Avery Dennison Corp. | Reduce -89.5% | 0.04% | −0.44 |
| AIG American International Group | Sold out | 0.00% | −0.43 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.42 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.42 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.42 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.42 |
| NVR NVR Inc. | Sold out | 0.00% | −0.39 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.37 |
| UBER Uber Technologies Inc. | Reduce -41.4% | 0.32% | −0.37 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.37 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.37 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.36 |
| OVV Ovintiv Inc. | Reduce -60.9% | 0.24% | −0.36 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.36 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.35 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.35 |
| CVNA Carvana Co. | Reduce -83.6% | 0.08% | −0.35 |
| APP AppLovin Corp. Class A | Reduce -85.6% | 0.19% | −0.34 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.34 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.33 |
| VEEV Veeva Systems Inc. Class A | Reduce -77.0% | 0.09% | −0.32 |
Portfolio Buys Q3 2024 → Q4 2024
| PFE Pfizer Inc. | Add +1488.3% | 1.29% | +1.20 |
| KLAC KLA Corp. | New | 1.05% | +1.05 |
| NVDA Nvidia Corp. | Add +202.1% | 1.28% | +0.89 |
| LOW Lowe's Cos Inc. | New | 0.84% | +0.84 |
| CDW CDW Corp. | Add +1168.1% | 0.86% | +0.77 |
| PKG Packaging Corp. of America | New | 0.75% | +0.75 |
| DASH DoorDash Inc. Class A | Add +379.3% | 0.91% | +0.75 |
| OXY Occidental Petroleum Corp. | Add +158.6% | 1.22% | +0.72 |
| ROP Roper Technologies Inc. | New | 0.67% | +0.67 |
| NEE Nextera Energy Inc. | New | 0.66% | +0.66 |
| AMGN Amgen Inc. | New | 0.65% | +0.65 |
| DUK Duke Energy Corp. | New | 0.63% | +0.63 |
| WM Waste Management Inc. | New | 0.62% | +0.62 |
| FITB Fifth Third Bancorp | New | 0.62% | +0.62 |
| INTU Intuit Inc. | Add +384.1% | 0.78% | +0.62 |
| PNC PNC Financial Services Group | New | 0.60% | +0.60 |
| GD General Dynamics Corp. | Add +772.7% | 0.68% | +0.59 |
| DHR Danaher Corp. | Add +126.4% | 1.29% | +0.59 |
| BIIB Biogen Inc. | New | 0.54% | +0.54 |
| MDT Medtronic PLC | New | 0.52% | +0.52 |
| GEV GE Vernova Inc. | New | 0.51% | +0.51 |
| ROST Ross Stores Inc. | New | 0.50% | +0.50 |
| SPG Simon Property Group Inc. | New | 0.50% | +0.50 |
| NUE Nucor Corp. | New | 0.49% | +0.49 |
| DOV Dover Corp. | New | 0.48% | +0.48 |
| BAC Bank of America Corp. | Add +53.8% | 1.19% | +0.48 |
| STZ Constellation Brands Inc. Class A | Add +339.6% | 0.63% | +0.46 |
| WMB Williams Cos Inc. | New | 0.45% | +0.45 |
| SOFI Sofi Technologies Inc. | Add +201.5% | 0.53% | +0.44 |
| NKE Nike Inc. Class B | Add +239.1% | 0.66% | +0.43 |
| MS Morgan Stanley | New | 0.41% | +0.41 |
| VZ Verizon Communications Inc. | New | 0.41% | +0.41 |
| CSCO Cisco Systems Inc. | New | 0.40% | +0.40 |
| B Barrick Gold Corp. | Add +161.0% | 0.78% | +0.39 |
| VIK Viking Holdings Ltd. | Add +338.4% | 0.47% | +0.39 |
| CNC Centene Corp. | New | 0.38% | +0.38 |
| ADBE Adobe Inc. | Add +68.8% | 1.28% | +0.38 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.38% | +0.38 |
| IQV Iqvia Holdings Inc. | New | 0.37% | +0.37 |
| CRM Salesforce Inc. | New | 0.37% | +0.37 |
| TGT Target Corp. | New | 0.37% | +0.37 |
| LIN Linde PLC | Add +128.8% | 0.72% | +0.35 |
| EOG EOG Resources Inc. | New | 0.35% | +0.35 |
| DHI D.R. Horton Inc. | Add +1049.6% | 0.40% | +0.35 |
| MO Altria Group Inc. | New | 0.35% | +0.35 |
| REGN Regeneron Pharmaceuticals | Add +1225.0% | 0.39% | +0.34 |
| PSA Public Storage | New | 0.34% | +0.34 |
| KGC Kinross Gold Corp. | Add +267.8% | 0.47% | +0.34 |
| TSLA Tesla Inc. | Add +42.1% | 0.60% | +0.32 |
| EQT Eqt Corp. | New | 0.31% | +0.31 |
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 |