Entropy Technologies, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Entropy Technologies, LP reported 749 stock positions worth $1.3 billion. Its top holding was Mastercard Class A (MA) at 1.0% of the portfolio, followed by Qualcomm (QCOM, 1.0%) and Salesforce (CRM, 1.0%). Compared with Q1 2025, it opened 375 new positions, sold out of 308, added to 209 and reduced 164. The biggest buy was a new position in Schwab (charles) (SCHW) and the biggest sale an exit from Equinix (EQIX).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001976151
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001976151-25-000022 ↗ filed Aug 12, 2025
Holdings Value
Holdings 749 stocks · $1.3B
| MA Mastercard Inc. Class A | 1.04% | 23,210 | $13.0M | Add +237.3% |
| QCOM Qualcomm Inc. | 1.03% | 81,817 | $13.0M | Add +41.4% |
| CRM Salesforce Inc. | 1.03% | 47,772 | $13.0M | Add +2.5% |
| PFE Pfizer Inc. | 1.03% | 537,233 | $13.0M | Add +186.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.03% | 105,006 | $13.0M | Reduce -4.7% |
| SCHW Schwab (charles) Corp. | 1.03% | 142,708 | $13.0M | New |
| TMO Thermo Fisher Scientific Inc. | 1.03% | 32,111 | $13.0M | New |
| NVDA Nvidia Corp. | 1.03% | 82,370 | $13.0M | Add +13.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.03% | 26,787 | $13.0M | New |
| PEP Pepsico Inc. | 1.03% | 97,935 | $12.9M | Add +31.5% |
| GEV GE Vernova Inc. | 0.95% | 22,588 | $12.0M | Add +43.1% |
| LMT Lockheed Martin Corp. | 0.94% | 25,511 | $11.8M | Add +44.7% |
| PLTR Palantir Technologies Inc. Class A | 0.91% | 84,235 | $11.5M | Add +32.8% |
| COST Costco Wholesale Corp. | 0.84% | 10,686 | $10.6M | New |
| WMT Walmart Inc. | 0.81% | 103,763 | $10.1M | Add +12.7% |
| PG The Procter & Gamble Co. | 0.77% | 60,562 | $9.6M | New |
| SOFI Sofi Technologies Inc. | 0.76% | 523,501 | $9.5M | Add +10.5% |
| FISV Fiserv Inc. | 0.74% | 53,934 | $9.3M | New |
| BKNG Booking Holdings Inc. | 0.74% | 1,600 | $9.3M | Add +433.3% |
| GOOGL Alphabet Inc. Class A | 0.72% | 51,243 | $9.0M | Add +157.8% |
| BSX Boston Scientific Corp. | 0.71% | 82,813 | $8.9M | Add +766.1% |
| STX Seagate Technology Holdings | 0.69% | 60,562 | $8.7M | Add +175.1% |
| WELL Welltower Inc. | 0.69% | 56,798 | $8.7M | Add +255.9% |
| UNH Unitedhealth Group Inc. | 0.69% | 27,837 | $8.7M | Add +120.7% |
| CMCSA Comcast Corp. Class A | 0.68% | 239,619 | $8.6M | Add +241.1% |
| JBL Jabil Inc. | 0.66% | 38,202 | $8.3M | Add +151.5% |
| ADBE Adobe Inc. | 0.66% | 21,527 | $8.3M | Add +61.5% |
| AAPL Apple Inc. | 0.65% | 40,101 | $8.2M | New |
| EXE Expand Energy Corp. | 0.64% | 69,283 | $8.1M | Add +13.5% |
| GD General Dynamics Corp. | 0.64% | 27,432 | $8.0M | Reduce -6.9% |
| USB US Bancorp | 0.63% | 174,387 | $7.9M | Add +135.4% |
| MSI Motorola Solutions Inc. | 0.62% | 18,431 | $7.7M | Add +409.6% |
| BX Blackstone Inc. | 0.61% | 51,297 | $7.7M | Reduce -24.7% |
| DHR Danaher Corp. | 0.60% | 38,445 | $7.6M | Add +80.9% |
| WM Waste Management Inc. | 0.60% | 33,105 | $7.6M | Add +28.3% |
| MELI MercadoLibre Inc. | 0.58% | 2,802 | $7.3M | Reduce -49.9% |
| PSX Phillips 66 | 0.58% | 60,756 | $7.2M | New |
| HON Honeywell International Inc. | 0.57% | 31,005 | $7.2M | New |
| TEAM Atlassian Corp. Class A | 0.56% | 34,633 | $7.0M | Add +25.2% |
| PCG P G & E Corp. | 0.53% | 480,935 | $6.7M | Add +288.5% |
| DHI D.R. Horton Inc. | 0.52% | 50,340 | $6.5M | Reduce -3.3% |
| PRU Prudential Financial Inc. | 0.51% | 59,230 | $6.4M | Add +280.9% |
| SNOW Snowflake Inc. | 0.50% | 28,071 | $6.3M | New |
| CAH Cardinal Health Inc. | 0.50% | 37,215 | $6.3M | Add +108.7% |
| YUM Yum! Brands Inc. | 0.49% | 41,727 | $6.2M | New |
| TMUS T-Mobile US Inc. | 0.48% | 25,549 | $6.1M | New |
| DVN Devon Energy Corp. | 0.48% | 189,826 | $6.0M | Add +415.2% |
| ZS Zscaler Inc. | 0.48% | 19,207 | $6.0M | Add +453.5% |
| FITB Fifth Third Bancorp | 0.48% | 146,447 | $6.0M | Add +117.8% |
| ROK Rockwell Automation Inc. | 0.47% | 17,691 | $5.9M | New |
| MNST Monster Beverage Corp. | 0.46% | 93,086 | $5.8M | New |
| PGR Progressive Corp. | 0.45% | 21,363 | $5.7M | New |
| INTU Intuit Inc. | 0.45% | 7,200 | $5.7M | New |
| DOW Dow Inc. | 0.45% | 213,448 | $5.7M | Add +685.3% |
| AME Ametek Inc. | 0.44% | 30,611 | $5.5M | New |
| AXP American Express Co. | 0.41% | 16,373 | $5.2M | Add +47.4% |
| VTR Ventas Inc. | 0.40% | 80,196 | $5.1M | Add +191.8% |
| ZTS Zoetis Inc. | 0.40% | 32,304 | $5.0M | Reduce -13.2% |
| XOM Exxon Mobil Corp. | 0.40% | 46,291 | $5.0M | New |
| EQT Eqt Corp. | 0.39% | 84,994 | $5.0M | Reduce -2.5% |
| PANW Palo Alto Networks Inc. | 0.37% | 22,991 | $4.7M | Add +384.1% |
| HLN Haleon PLC-ADR | 0.37% | 447,744 | $4.6M | Add +165.5% |
| WMB Williams Cos Inc. | 0.37% | 73,824 | $4.6M | Add +195.3% |
| PKG Packaging Corp. of America | 0.37% | 24,470 | $4.6M | Add +9.8% |
| CNP Centerpoint Energy Inc. | 0.36% | 123,394 | $4.5M | New |
| FDX FedEx Corp. | 0.35% | 19,512 | $4.4M | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.35% | 408,121 | $4.4M | New |
| CBRE CBRE Group Inc. Class A | 0.35% | 31,327 | $4.4M | Add +551.7% |
| TGT Target Corp. | 0.34% | 43,764 | $4.3M | Add +140.5% |
| ALB Albemarle Corp. | 0.34% | 67,636 | $4.2M | Add +262.4% |
| RMD Resmed Inc. | 0.34% | 16,384 | $4.2M | Add +188.7% |
| VST Vistra Corp. | 0.33% | 21,441 | $4.2M | New |
| ALLY Ally Financial Inc. | 0.33% | 106,319 | $4.1M | New |
| KMX Carmax Inc. | 0.33% | 61,454 | $4.1M | Add +560.1% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 15,861 | $4.1M | Reduce -8.9% |
| CLX Clorox Company | 0.32% | 33,499 | $4.0M | New |
| ODFL Old Dominion Freight Line | 0.32% | 24,607 | $4.0M | New |
| ABNB Airbnb Inc. Class A | 0.31% | 29,851 | $4.0M | Add +46.0% |
| OVV Ovintiv Inc. | 0.31% | 103,038 | $3.9M | Add +146.4% |
| RL Ralph Lauren Corp. | 0.31% | 14,226 | $3.9M | New |
| APO Apollo Global Management Inc. | 0.31% | 27,311 | $3.9M | New |
| TPR Tapestry Inc. | 0.31% | 43,884 | $3.9M | Add +81.0% |
| B Barrick Mining Corp. | 0.31% | 184,582 | $3.8M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.30% | 39,477 | $3.8M | Add +533.7% |
| NET Cloudflare Inc. Class A | 0.30% | 19,427 | $3.8M | Reduce -25.4% |
| SWKS Skyworks Solutions Inc. | 0.30% | 50,793 | $3.8M | Add +74.4% |
| REGN Regeneron Pharmaceuticals | 0.30% | 7,196 | $3.8M | Reduce -20.8% |
| EIX Edison International | 0.30% | 73,212 | $3.8M | Reduce -19.1% |
| MRK Merck & Co. Inc. | 0.30% | 47,489 | $3.8M | Add +4.5% |
| AEE Ameren Corporation | 0.30% | 39,074 | $3.8M | New |
| CHX Championx Corp. | 0.30% | 150,571 | $3.7M | Add +1736.2% |
| ETR Entergy Corp. | 0.30% | 44,725 | $3.7M | Add +41.6% |
| RBRK Rubrik Inc. Class A | 0.29% | 41,270 | $3.7M | Add +34.6% |
| NEE Nextera Energy Inc. | 0.29% | 52,838 | $3.7M | New |
| PCAR Paccar Inc. | 0.29% | 38,482 | $3.7M | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.29% | 47,849 | $3.6M | New |
| ITW Illinois Tool Works | 0.29% | 14,634 | $3.6M | New |
| EQH Equitable Holdings Inc. | 0.28% | 63,856 | $3.6M | Add +263.4% |
| ONTO Onto Innovation Inc. | 0.27% | 34,209 | $3.5M | New |
| IT Gartner Inc. | 0.27% | 8,522 | $3.4M | Add +468.1% |
Portfolio Sells Q1 2025 → Q2 2025
| EQIX Equinix Inc. | Sold out | 0.00% | −1.22 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −1.22 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −1.12 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.04 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.96 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.81 |
| PNC PNC Financial Services Group | Reduce -78.3% | 0.18% | −0.77 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.72 |
| TRGP Targa Resources Corp. | Reduce -63.3% | 0.25% | −0.72 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.71 |
| CSX CSX Corp. | Sold out | 0.00% | −0.65 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.62 |
| KHC The Kraft Heinz Co. | Reduce -73.0% | 0.14% | −0.62 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.60 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.58 |
| COP Conocophillips | Sold out | 0.00% | −0.58 |
| KGC Kinross Gold Corp. | Reduce -73.0% | 0.22% | −0.57 |
| BA The Boeing Co. | Reduce -77.7% | 0.16% | −0.56 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.56 |
| MELI MercadoLibre Inc. | Reduce -49.9% | 0.58% | −0.48 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.47 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.47 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.46 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.45 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.44 |
| PNR Pentair PLC | Sold out | 0.00% | −0.43 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.43 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.42 |
| CL Colgate-Palmolive Co. | Reduce -82.3% | 0.06% | −0.38 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.37 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.37 |
| WEX Wex Inc. | Sold out | 0.00% | −0.36 |
| ICE Intercontinental Exchange Inc. | Reduce -60.6% | 0.19% | −0.36 |
| ROST Ross Stores Inc. | Reduce -61.6% | 0.16% | −0.35 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.35 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.34 |
| GLW Corning Inc. | Sold out | 0.00% | −0.33 |
| COR Cencora Inc. | Sold out | 0.00% | −0.33 |
| CPT Camden Property Trust | Reduce -70.3% | 0.09% | −0.33 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.32 |
| BX Blackstone Inc. | Reduce -24.7% | 0.61% | −0.32 |
| IQV Iqvia Holdings Inc. | Reduce -89.7% | 0.02% | −0.31 |
| LOW Lowe's Cos Inc. | Reduce -52.0% | 0.18% | −0.30 |
| SYY Sysco Corp. | Reduce -89.9% | 0.03% | −0.29 |
| ADSK Autodesk Inc. | Reduce -78.7% | 0.08% | −0.29 |
| CNC Centene Corp. | Sold out | 0.00% | −0.29 |
| SFM Sprouts Farmers Market Inc. | Reduce -87.4% | 0.04% | −0.28 |
| ITT Itt Inc. | Sold out | 0.00% | −0.27 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.27 |
| REGN Regeneron Pharmaceuticals | Reduce -20.8% | 0.30% | −0.26 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHW Schwab (charles) Corp. | New | 1.03% | +1.03 |
| TMO Thermo Fisher Scientific Inc. | New | 1.03% | +1.03 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 1.03% | +1.03 |
| COST Costco Wholesale Corp. | New | 0.84% | +0.84 |
| PG The Procter & Gamble Co. | New | 0.77% | +0.77 |
| FISV Fiserv Inc. | New | 0.74% | +0.74 |
| MA Mastercard Inc. Class A | Add +237.3% | 1.04% | +0.67 |
| AAPL Apple Inc. | New | 0.65% | +0.65 |
| BSX Boston Scientific Corp. | Add +766.1% | 0.71% | +0.61 |
| BKNG Booking Holdings Inc. | Add +433.3% | 0.74% | +0.60 |
| PSX Phillips 66 | New | 0.58% | +0.58 |
| HON Honeywell International Inc. | New | 0.57% | +0.57 |
| PFE Pfizer Inc. | Add +186.9% | 1.03% | +0.57 |
| STX Seagate Technology Holdings | Add +175.1% | 0.69% | +0.51 |
| SNOW Snowflake Inc. | New | 0.50% | +0.50 |
| YUM Yum! Brands Inc. | New | 0.49% | +0.49 |
| TMUS T-Mobile US Inc. | New | 0.48% | +0.48 |
| GEV GE Vernova Inc. | Add +43.1% | 0.95% | +0.48 |
| ROK Rockwell Automation Inc. | New | 0.47% | +0.47 |
| MNST Monster Beverage Corp. | New | 0.46% | +0.46 |
| MSI Motorola Solutions Inc. | Add +409.6% | 0.62% | +0.46 |
| JBL Jabil Inc. | Add +151.5% | 0.66% | +0.46 |
| WELL Welltower Inc. | Add +255.9% | 0.69% | +0.46 |
| PGR Progressive Corp. | New | 0.45% | +0.45 |
| INTU Intuit Inc. | New | 0.45% | +0.45 |
| AME Ametek Inc. | New | 0.44% | +0.44 |
| CMCSA Comcast Corp. Class A | Add +241.1% | 0.68% | +0.43 |
| GOOGL Alphabet Inc. Class A | Add +157.8% | 0.72% | +0.42 |
| ZS Zscaler Inc. | Add +453.5% | 0.48% | +0.41 |
| XOM Exxon Mobil Corp. | New | 0.40% | +0.40 |
| PLTR Palantir Technologies Inc. Class A | Add +32.8% | 0.91% | +0.39 |
| CNP Centerpoint Energy Inc. | New | 0.36% | +0.36 |
| DOW Dow Inc. | Add +685.3% | 0.45% | +0.36 |
| FDX FedEx Corp. | New | 0.35% | +0.35 |
| F Ford Motor Co. | New | 0.35% | +0.35 |
| DVN Devon Energy Corp. | Add +415.2% | 0.48% | +0.35 |
| PRU Prudential Financial Inc. | Add +280.9% | 0.51% | +0.34 |
| VST Vistra Corp. | New | 0.33% | +0.33 |
| ALLY Ally Financial Inc. | New | 0.33% | +0.33 |
| PCG P G & E Corp. | Add +288.5% | 0.53% | +0.33 |
| USB US Bancorp | Add +135.4% | 0.63% | +0.32 |
| CLX Clorox Company | New | 0.32% | +0.32 |
| ODFL Old Dominion Freight Line | New | 0.32% | +0.32 |
| RL Ralph Lauren Corp. | New | 0.31% | +0.31 |
| APO Apollo Global Management Inc. | New | 0.31% | +0.31 |
| B Barrick Mining Corp. | New | 0.31% | +0.31 |
| AEE Ameren Corporation | New | 0.30% | +0.30 |
| PANW Palo Alto Networks Inc. | Add +384.1% | 0.37% | +0.29 |
| NEE Nextera Energy Inc. | New | 0.29% | +0.29 |
| PCAR Paccar Inc. | New | 0.29% | +0.29 |
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 |