Lagoda Investment Management, L.P.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Lagoda Investment Management, L.P. reported 40 stock positions worth $163.0 million. Its top holding was Texas Pacific Land (TPL) at 20.3% of the portfolio, followed by Digimarc (DMRC, 11.4%) and Natera (NTRA, 7.5%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 22 and reduced 7. The biggest buy was Stereotaxis (STXS, shares +18%) and the biggest sale Energy Recovery (ERII, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001632108
- Portfolio Value
- $163.0M (Q1 2024)
- SEC Filing
- 0001493152-24-019818 ↗ filed May 15, 2024
Holdings Value
Holdings 40 stocks · $163.0M
| TPL Texas Pacific Land Corp. | 20.32% | 57,243 | $33.1M | Add +0.9% |
| DMRC Digimarc Corp. | 11.40% | 683,875 | $18.6M | Add +4.2% |
| NTRA Natera Inc. | 7.45% | 132,810 | $12.1M | Reduce -3.0% |
| PTC PTC Inc. | 7.11% | 61,330 | $11.6M | Reduce -0.5% |
| XPO Xpo Inc. | 6.20% | 82,830 | $10.1M | Reduce -9.2% |
| STXS Stereotaxis Inc. | 6.13% | 3,827,330 | $10.0M | Add +18.4% |
| TRUP Trupanion Inc. | 5.13% | 303,050 | $8.4M | Add +16.2% |
| GOOG Alphabet Inc. Class C | 4.86% | 52,065 | $7.9M | Add +19.5% |
| GXO Gxo Logistics Inc. | 4.46% | 135,255 | $7.3M | Add +7.1% |
| ESGR Enstar Group Ltd. | 4.45% | 23,347 | $7.3M | Add +7.2% |
| RNR Renaissancere Holdings Ltd. | 3.93% | 27,225 | $6.4M | Add +2.1% |
| TMDX Transmedics Group Inc. | 2.95% | 65,125 | $4.8M | Add +30.3% |
| VNRX Volitionrx Ltd. | 2.36% | 5,073,242 | $3.8M | Add +36.1% |
| RXO Rxo Inc. | 2.18% | 162,275 | $3.5M | Add +2.4% |
| UI Ubiquiti Inc. | 1.91% | 26,863 | $3.1M | Add +7.7% |
| ERII Energy Recovery Inc. | 1.26% | 129,715 | $2.0M | Reduce -32.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.13% | 13,560 | $1.8M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.78% | 2 | $1.3M | No change |
| MA Mastercard Inc. Class A | 0.65% | 2,184 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 2,065 | $868K | No change |
| JOE The St Joe Co. | 0.52% | 14,585 | $845K | Add +10.2% |
| NE Noble Corp. PLC | 0.49% | 16,450 | $798K | Add +4.4% |
| HEI Heico Corp. | 0.49% | 4,175 | $797K | Add +3.0% |
| STR Sitio Royalties Corp. Class A | 0.47% | 30,780 | $761K | Add +2.3% |
| ETN Eaton Corp. PLC | 0.39% | 2,015 | $630K | Add +57.4% |
| MSFT Microsoft Corp. | 0.34% | 1,325 | $557K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 3,780 | $485K | No change |
| XOM Exxon Mobil Corp. | 0.29% | 4,000 | $465K | Reduce -4.2% |
| DAR Darling Ingredients Inc. | 0.27% | 9,500 | $442K | Reduce -24.0% |
| PBT Permian Basin Royalty Trust | 0.23% | 30,325 | $367K | Add +17.2% |
| CPAY Corpay Inc. | 0.21% | 1,118 | $345K | New |
| CME Cme Group Inc. | 0.20% | 1,550 | $334K | Add +14.8% |
| PWR Quanta Services Inc. | 0.18% | 1,160 | $301K | Reduce -7.2% |
| GOOGL Alphabet Inc. Class A | 0.12% | 1,315 | $198K | Add +14.3% |
| FNV Franco-Nevada Corp. | 0.10% | 1,387 | $165K | Add +14.4% |
| GLD SPDR Gold Shares | 0.08% | 650 | $134K | No change |
| COP Conocophillips | 0.06% | 800 | $102K | No change |
| RIVN Rivian Automotive Inc. Class A | 0.04% | 6,500 | $71K | Add +68.8% |
| PSX Phillips 66 | 0.02% | 170 | $28K | No change |
| ABT Abbott Laboratories | 0.01% | 160 | $18K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| ERII Energy Recovery Inc. | Reduce -32.4% | 1.26% | −1.20 |
| PTC PTC Inc. | Reduce -0.5% | 7.11% | −0.23 |
| DAR Darling Ingredients Inc. | Reduce -24.0% | 0.27% | −0.15 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -4.2% | 0.29% | +0.00 |
| PWR Quanta Services Inc. | Reduce -7.2% | 0.18% | +0.00 |
| XPO Xpo Inc. | Reduce -9.2% | 6.20% | +0.76 |
| NTRA Natera Inc. | Reduce -3.0% | 7.45% | +1.62 |
Portfolio Buys Q4 2023 → Q1 2024
| STXS Stereotaxis Inc. | Add +18.4% | 6.13% | +2.28 |
| TSM Taiwan Semiconductor-SP ADR | New | 1.13% | +1.13 |
| GOOG Alphabet Inc. Class C | Add +19.5% | 4.86% | +0.68 |
| VNRX Volitionrx Ltd. | Add +36.1% | 2.36% | +0.54 |
| RNR Renaissancere Holdings Ltd. | Add +2.1% | 3.93% | +0.37 |
| TMDX Transmedics Group Inc. | Add +30.3% | 2.95% | +0.27 |
| CPAY Corpay Inc. | New | 0.21% | +0.21 |
| ETN Eaton Corp. PLC | Add +57.4% | 0.39% | +0.18 |
| ESGR Enstar Group Ltd. | Add +7.2% | 4.45% | +0.09 |
| TPL Texas Pacific Land Corp. | Add +0.9% | 20.32% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +14.3% | 0.12% | +0.01 |
| CME Cme Group Inc. | Add +14.8% | 0.20% | +0.01 |
| FNV Franco-Nevada Corp. | Add +14.4% | 0.10% | +0.01 |
| HEI Heico Corp. | Add +3.0% | 0.49% | −0.00 |
| STR Sitio Royalties Corp. Class A | Add +2.3% | 0.47% | −0.01 |
| RIVN Rivian Automotive Inc. Class A | Add +68.8% | 0.04% | −0.02 |
| PBT Permian Basin Royalty Trust | Add +17.2% | 0.23% | −0.02 |
| JOE The St Joe Co. | Add +10.2% | 0.52% | −0.02 |
| NE Noble Corp. PLC | Add +4.4% | 0.49% | −0.03 |
| TRUP Trupanion Inc. | Add +16.2% | 5.13% | −0.28 |
| RXO Rxo Inc. | Add +2.4% | 2.18% | −0.33 |
| UI Ubiquiti Inc. | Add +7.7% | 1.91% | −0.46 |
| GXO Gxo Logistics Inc. | Add +7.1% | 4.46% | −0.80 |
| DMRC Digimarc Corp. | Add +4.2% | 11.40% | −4.74 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $181.9M | TPL, NTRA, TSM, GOOG, AMD |
| Q1 2026 | 25 | $162.2M | TPL, NTRA, GOOG, XPO, TSM |
| Q4 2025 | 25 | $172.7M | TPL, NTRA, GOOG, TMDX, STXS |
| Q3 2025 | 23 | $176.7M | TPL, STXS, NTRA, TMDX, TRUP |
| Q2 2025 | 24 | $176.5M | TPL, TRUP, NTRA, TMDX, STXS |
| Q1 2025 | 33 | $157.0M | TPL, NTRA, TRUP, DMRC, PTC |
| Q4 2024 | 34 | $184.9M | TPL, DMRC, NTRA, TRUP, GOOG |
| Q3 2024 | 34 | $174.1M | TPL, DMRC, NTRA, TRUP, PTC |
| Q2 2024 | 40 | $173.8M | TPL, DMRC, NTRA, PTC, TMDX |
| Q1 2024 | 40 | $163.0M | TPL, DMRC, NTRA, PTC, XPO |