Entropy Technologies, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Entropy Technologies, LP reported 784 stock positions worth $1.3 billion. Its top holding was Micron Technology (MU) at 1.0% of the portfolio, followed by Chevron (CVX, 1.0%) and Visa Class A (V, 1.0%). Compared with Q2 2025, it opened 393 new positions, sold out of 358, added to 213 and reduced 177. The biggest buy was a new position in Chevron (CVX) and the biggest sale an exit from Mastercard Class A (MA).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001976151
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001976151-25-000025 ↗ filed Nov 13, 2025
Holdings Value
Holdings 784 stocks · $1.3B
| MU Micron Technology Inc. | 0.98% | 78,627 | $13.2M | Add +223.2% |
| CVX Chevron Corp. | 0.97% | 83,952 | $13.0M | New |
| V Visa Inc. Class A | 0.97% | 38,160 | $13.0M | New |
| WMT Walmart Inc. | 0.97% | 125,915 | $13.0M | Add +21.4% |
| KO The Coca-Cola Co. | 0.97% | 195,646 | $13.0M | New |
| BKNG Booking Holdings Inc. | 0.97% | 2,400 | $13.0M | Add +50.0% |
| HON Honeywell International Inc. | 0.95% | 60,478 | $12.7M | Add +95.1% |
| MRSH Marsh & McLennan Cos | 0.91% | 60,429 | $12.2M | New |
| AMT American Tower Corp. | 0.90% | 62,541 | $12.0M | New |
| CMCSA Comcast Corp. Class A | 0.87% | 370,999 | $11.7M | Add +54.8% |
| FISV Fiserv Inc. | 0.87% | 90,018 | $11.6M | Add +66.9% |
| NVDA Nvidia Corp. | 0.85% | 60,635 | $11.3M | Reduce -26.4% |
| AVGO Broadcom Inc. | 0.84% | 34,208 | $11.3M | New |
| WELL Welltower Inc. | 0.82% | 61,635 | $11.0M | Add +8.5% |
| AZO AutoZone Inc. | 0.80% | 2,500 | $10.7M | New |
| DELL Dell Technologies -C | 0.76% | 71,926 | $10.2M | Add +342.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.75% | 69,751 | $10.1M | Add +318.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.69% | 268,596 | $9.2M | New |
| FERG Ferguson Enterprises Inc. | 0.69% | 41,092 | $9.2M | Add +309.7% |
| DE Deere & Co. | 0.68% | 19,823 | $9.1M | New |
| ACN Accenture PLC Class A | 0.68% | 36,626 | $9.0M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.67% | 78,467 | $9.0M | Reduce -25.3% |
| ISRG Intuitive Surgical Inc. | 0.66% | 19,606 | $8.8M | New |
| STX Seagate Technology Holdings | 0.65% | 36,601 | $8.6M | Reduce -39.6% |
| MRK Merck & Co. Inc. | 0.63% | 100,501 | $8.4M | Add +111.6% |
| META Meta Platforms Inc. Class A | 0.63% | 11,459 | $8.4M | New |
| FDX FedEx Corp. | 0.62% | 35,162 | $8.3M | Add +80.2% |
| RSG Republic Services Inc. | 0.62% | 35,942 | $8.2M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.59% | 17,181 | $7.8M | Add +1461.9% |
| WCN Waste Connections Inc. | 0.57% | 43,532 | $7.7M | Add +213.9% |
| AAL American Airlines Group Inc. | 0.56% | 669,600 | $7.5M | Add +874.7% |
| KDP Keurig Dr Pepper Inc. | 0.56% | 291,454 | $7.4M | New |
| AMP Ameriprise Financial Inc. | 0.56% | 15,127 | $7.4M | New |
| VTR Ventas Inc. | 0.55% | 104,997 | $7.3M | Add +30.9% |
| DOV Dover Corp. | 0.55% | 43,950 | $7.3M | Add +496.5% |
| LMT Lockheed Martin Corp. | 0.54% | 14,456 | $7.2M | Reduce -43.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.53% | 443,029 | $7.1M | Add +143.6% |
| KEY Keycorp | 0.53% | 377,920 | $7.1M | New |
| PLTR Palantir Technologies Inc. Class A | 0.52% | 37,887 | $6.9M | Reduce -55.0% |
| APP AppLovin Corp. Class A | 0.50% | 9,238 | $6.6M | New |
| DVN Devon Energy Corp. | 0.49% | 186,227 | $6.5M | Reduce -1.9% |
| BMY Bristol-Myers Squibb Co. | 0.48% | 143,691 | $6.5M | New |
| PRU Prudential Financial Inc. | 0.48% | 62,376 | $6.5M | Add +5.3% |
| BSX Boston Scientific Corp. | 0.48% | 65,283 | $6.4M | Reduce -21.2% |
| CRH CRH PLC | 0.46% | 51,451 | $6.2M | Add +119.7% |
| SAP Sap SE-Sponsored ADR | 0.46% | 22,833 | $6.1M | Add +446.0% |
| WDC Western Digital Corp. | 0.45% | 50,632 | $6.1M | Add +0.1% |
| LRCX Lam Research Corp. | 0.45% | 45,295 | $6.1M | New |
| CB Chubb Ltd. | 0.45% | 21,220 | $6.0M | Add +637.1% |
| CTVA Corteva Inc. | 0.44% | 87,874 | $5.9M | Add +1199.9% |
| DPZ Domino's Pizza Inc. | 0.43% | 13,400 | $5.8M | New |
| NOC Northrop Grumman Corp. | 0.43% | 9,445 | $5.8M | New |
| ADBE Adobe Inc. | 0.43% | 16,249 | $5.7M | Reduce -24.5% |
| NFLX Netflix Inc. | 0.42% | 4,724 | $5.7M | New |
| COST Costco Wholesale Corp. | 0.42% | 6,110 | $5.7M | Reduce -42.8% |
| GE General Electric filed as GE AEROSPACE | 0.42% | 18,738 | $5.6M | Add +18.1% |
| DHR Danaher Corp. | 0.42% | 28,307 | $5.6M | Reduce -26.4% |
| RGA Reinsurance Group of America | 0.42% | 29,199 | $5.6M | Add +983.5% |
| CRM Salesforce Inc. | 0.42% | 23,598 | $5.6M | Reduce -50.6% |
| KGC Kinross Gold Corp. | 0.42% | 224,832 | $5.6M | Add +29.1% |
| PAYX Paychex Inc. | 0.41% | 43,767 | $5.5M | New |
| ALL Allstate Corp. | 0.41% | 25,438 | $5.5M | Add +627.6% |
| ROP Roper Technologies Inc. | 0.41% | 10,866 | $5.4M | New |
| ED Consolidated Edison Inc. | 0.39% | 52,216 | $5.2M | New |
| PGR Progressive Corp. | 0.39% | 21,139 | $5.2M | Reduce -1.1% |
| KBH KB Home | 0.37% | 77,962 | $5.0M | Add +59.1% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.37% | 36,963 | $5.0M | Add +61.7% |
| STLD Steel Dynamics Inc. | 0.36% | 34,537 | $4.8M | Add +1979.3% |
| TRGP Targa Resources Corp. | 0.36% | 28,572 | $4.8M | Add +56.3% |
| W Wayfair Inc. Class A | 0.35% | 52,984 | $4.7M | New |
| AMH American Homes 4 Rent- A | 0.35% | 141,211 | $4.7M | Add +1123.7% |
| ES Eversource Energy | 0.35% | 65,651 | $4.7M | New |
| ZTS Zoetis Inc. | 0.35% | 31,845 | $4.7M | Reduce -1.4% |
| OVV Ovintiv Inc. | 0.34% | 114,113 | $4.6M | Add +10.8% |
| LITE Lumentum Holdings Inc. | 0.34% | 28,118 | $4.6M | Reduce -22.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.34% | 23,131 | $4.6M | New |
| PB Prosperity Bancshares Inc. | 0.34% | 68,355 | $4.5M | New |
| RMD Resmed Inc. | 0.34% | 16,517 | $4.5M | Add +0.8% |
| WMB Williams Cos Inc. | 0.33% | 69,410 | $4.4M | Reduce -6.0% |
| CI The Cigna Group | 0.33% | 15,166 | $4.4M | Add +57.5% |
| NDAQ Nasdaq Inc. | 0.32% | 48,431 | $4.3M | Add +749.7% |
| TMUS T-Mobile US Inc. | 0.31% | 17,544 | $4.2M | Reduce -31.3% |
| VLO Valero Energy Corp. | 0.31% | 24,496 | $4.2M | Add +5.3% |
| TPR Tapestry Inc. | 0.31% | 36,544 | $4.1M | Reduce -16.7% |
| SU Suncor Energy Inc. | 0.31% | 98,880 | $4.1M | Add +101.8% |
| GD General Dynamics Corp. | 0.31% | 12,050 | $4.1M | Reduce -56.1% |
| DEO Diageo PLC-Sponsored ADR | 0.31% | 42,808 | $4.1M | Add +81.3% |
| AVY Avery Dennison Corp. | 0.30% | 24,787 | $4.0M | Add +791.6% |
| PFG Principal Financial Group | 0.30% | 48,433 | $4.0M | Add +69.0% |
| CPNG Coupang Inc. | 0.29% | 122,031 | $3.9M | Add +70.2% |
| WWD Woodward Inc. | 0.29% | 15,513 | $3.9M | Add +186.2% |
| RIVN Rivian Automotive Inc. Class A | 0.29% | 262,734 | $3.9M | New |
| GLPI Gaming and Leisure Propertie | 0.28% | 80,678 | $3.8M | Add +51.5% |
| ESTC Elastic NV | 0.28% | 44,282 | $3.7M | Add +735.5% |
| BLD Topbuild Corp. | 0.28% | 9,545 | $3.7M | New |
| SNDK Sandisk Corp. | 0.28% | 33,046 | $3.7M | New |
| NKE Nike Inc. Class B | 0.28% | 52,883 | $3.7M | New |
| CRWV Coreweave Inc. Class A | 0.28% | 26,897 | $3.7M | New |
| MCK McKesson Corp. | 0.27% | 4,695 | $3.6M | New |
| EXPE Expedia Group Inc. | 0.27% | 16,905 | $3.6M | New |
Portfolio Sells Q2 2025 → Q3 2025
| MA Mastercard Inc. Class A | Sold out | 0.00% | −1.04 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.03 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −1.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.03 |
| PEP Pepsico Inc. | Sold out | 0.00% | −1.03 |
| PFE Pfizer Inc. | Reduce -79.8% | 0.21% | −0.83 |
| SCHW Schwab (charles) Corp. | Reduce -77.5% | 0.23% | −0.81 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.77 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.76 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.72 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.69 |
| GEV GE Vernova Inc. | Reduce -74.4% | 0.27% | −0.68 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.65 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.64 |
| CRM Salesforce Inc. | Reduce -50.6% | 0.42% | −0.62 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.62 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.61 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.60 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.58 |
| PSX Phillips 66 | Sold out | 0.00% | −0.58 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.56 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.52 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.50 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.50 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.49 |
| JBL Jabil Inc. | Reduce -71.4% | 0.18% | −0.48 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.48 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.48 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.47 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.46 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.45 |
| COST Costco Wholesale Corp. | Reduce -42.8% | 0.42% | −0.42 |
| AXP American Express Co. | Sold out | 0.00% | −0.41 |
| DOW Dow Inc. | Reduce -89.8% | 0.04% | −0.41 |
| LMT Lockheed Martin Corp. | Reduce -43.3% | 0.54% | −0.40 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.40 |
| PLTR Palantir Technologies Inc. Class A | Reduce -55.0% | 0.52% | −0.40 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.39 |
| USB US Bancorp | Reduce -59.5% | 0.26% | −0.37 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.37 |
| DIS The Walt Disney Co. | Reduce -25.3% | 0.67% | −0.36 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −0.36 |
| F Ford Motor Co. | Sold out | 0.00% | −0.35 |
| VST Vistra Corp. | Sold out | 0.00% | −0.33 |
| GD General Dynamics Corp. | Reduce -56.1% | 0.31% | −0.33 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.33 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.31 |
| HLN Haleon PLC-ADR | Reduce -79.7% | 0.06% | −0.31 |
| B Barrick Mining Corp. | Sold out | 0.00% | −0.31 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.30 |
Portfolio Buys Q2 2025 → Q3 2025
| CVX Chevron Corp. | New | 0.97% | +0.97 |
| V Visa Inc. Class A | New | 0.97% | +0.97 |
| KO The Coca-Cola Co. | New | 0.97% | +0.97 |
| MRSH Marsh & McLennan Cos | New | 0.91% | +0.91 |
| AMT American Tower Corp. | New | 0.90% | +0.90 |
| AVGO Broadcom Inc. | New | 0.84% | +0.84 |
| AZO AutoZone Inc. | New | 0.80% | +0.80 |
| MU Micron Technology Inc. | Add +223.2% | 0.98% | +0.75 |
| SLB SLB Ltd. | New | 0.69% | +0.69 |
| DE Deere & Co. | New | 0.68% | +0.68 |
| ACN Accenture PLC Class A | New | 0.68% | +0.68 |
| ISRG Intuitive Surgical Inc. | New | 0.66% | +0.66 |
| META Meta Platforms Inc. Class A | New | 0.63% | +0.63 |
| RSG Republic Services Inc. | New | 0.62% | +0.62 |
| DELL Dell Technologies -C | Add +342.1% | 0.76% | +0.60 |
| TJX TJX Companies Inc. | Add +318.3% | 0.75% | +0.59 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +1461.9% | 0.59% | +0.56 |
| KDP Keurig Dr Pepper Inc. | New | 0.56% | +0.56 |
| AMP Ameriprise Financial Inc. | New | 0.56% | +0.56 |
| KEY Keycorp | New | 0.53% | +0.53 |
| FERG Ferguson Enterprises Inc. | Add +309.7% | 0.69% | +0.52 |
| AAL American Airlines Group Inc. | Add +874.7% | 0.56% | +0.50 |
| APP AppLovin Corp. Class A | New | 0.50% | +0.50 |
| BMY Bristol-Myers Squibb Co. | New | 0.48% | +0.48 |
| LRCX Lam Research Corp. | New | 0.45% | +0.45 |
| DOV Dover Corp. | Add +496.5% | 0.55% | +0.44 |
| DPZ Domino's Pizza Inc. | New | 0.43% | +0.43 |
| NOC Northrop Grumman Corp. | New | 0.43% | +0.43 |
| NFLX Netflix Inc. | New | 0.42% | +0.42 |
| PAYX Paychex Inc. | New | 0.41% | +0.41 |
| ROP Roper Technologies Inc. | New | 0.41% | +0.41 |
| CTVA Corteva Inc. | Add +1199.9% | 0.44% | +0.40 |
| ED Consolidated Edison Inc. | New | 0.39% | +0.39 |
| CB Chubb Ltd. | Add +637.1% | 0.45% | +0.38 |
| HON Honeywell International Inc. | Add +95.1% | 0.95% | +0.38 |
| RGA Reinsurance Group of America | Add +983.5% | 0.42% | +0.38 |
| WCN Waste Connections Inc. | Add +213.9% | 0.57% | +0.37 |
| SAP Sap SE-Sponsored ADR | Add +446.0% | 0.46% | +0.36 |
| W Wayfair Inc. Class A | New | 0.35% | +0.35 |
| ALL Allstate Corp. | Add +627.6% | 0.41% | +0.35 |
| ES Eversource Energy | New | 0.35% | +0.35 |
| STLD Steel Dynamics Inc. | Add +1979.3% | 0.36% | +0.34 |
| MTB M & T Bank Corp. | New | 0.34% | +0.34 |
| PB Prosperity Bancshares Inc. | New | 0.34% | +0.34 |
| MRK Merck & Co. Inc. | Add +111.6% | 0.63% | +0.33 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +143.6% | 0.53% | +0.33 |
| AMH American Homes 4 Rent- A | Add +1123.7% | 0.35% | +0.32 |
| CRH CRH PLC | Add +119.7% | 0.46% | +0.29 |
| RIVN Rivian Automotive Inc. Class A | New | 0.29% | +0.29 |
| NDAQ Nasdaq Inc. | Add +749.7% | 0.32% | +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 |