Lagoda Investment Management, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Lagoda Investment Management, L.P. reported 40 stock positions worth $173.8 million. Its top holding was Texas Pacific Land (TPL) at 20.7% of the portfolio, followed by Digimarc (DMRC, 12.4%) and Natera (NTRA, 8.1%). Compared with Q1 2024, it added to 11 and reduced 14. The biggest buy was Digimarc (DMRC, shares +2%) and the biggest sale Xpo (XPO, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001632108
- Portfolio Value
- $173.8M (Q2 2024)
- SEC Filing
- 0001493152-24-032178 ↗ filed Aug 14, 2024
Holdings Value
Holdings 40 stocks · $173.8M
| TPL Texas Pacific Land Corp. | 20.68% | 48,942 | $35.9M | Reduce -14.5% |
| DMRC Digimarc Corp. | 12.39% | 694,450 | $21.5M | Add +1.6% |
| NTRA Natera Inc. | 8.11% | 130,195 | $14.1M | Reduce -2.0% |
| PTC PTC Inc. | 6.39% | 61,148 | $11.1M | Reduce -0.3% |
| TMDX Transmedics Group Inc. | 5.64% | 65,035 | $9.8M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 5.50% | 52,140 | $9.6M | Add +0.1% |
| TRUP Trupanion Inc. | 5.07% | 299,875 | $8.8M | Reduce -1.1% |
| XPO Xpo Inc. | 5.05% | 82,740 | $8.8M | Reduce -0.1% |
| STXS Stereotaxis Inc. | 4.14% | 3,948,905 | $7.2M | Add +3.2% |
| ESGR Enstar Group Ltd. | 4.11% | 23,347 | $7.1M | No change |
| GXO Gxo Logistics Inc. | 3.96% | 136,145 | $6.9M | Add +0.7% |
| RNR Renaissancere Holdings Ltd. | 3.50% | 27,210 | $6.1M | Reduce -0.1% |
| RXO Rxo Inc. | 2.39% | 158,955 | $4.2M | Reduce -2.0% |
| UI Ubiquiti Inc. | 2.22% | 26,428 | $3.8M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.91% | 19,077 | $3.3M | Add +40.7% |
| VNRX Volitionrx Ltd. | 1.89% | 5,438,000 | $3.3M | Add +7.2% |
| ERII Energy Recovery Inc. | 0.80% | 105,200 | $1.4M | Reduce -18.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.70% | 2 | $1.2M | No change |
| MA Mastercard Inc. Class A | 0.55% | 2,184 | $963K | No change |
| HEI Heico Corp. | 0.55% | 4,245 | $949K | Add +1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 2,065 | $840K | No change |
| JOE The St Joe Co. | 0.47% | 15,040 | $823K | Add +3.1% |
| NE Noble Corp. PLC | 0.42% | 16,450 | $734K | No change |
| STR Sitio Royalties Corp. Class A | 0.42% | 30,780 | $727K | No change |
| ETN Eaton Corp. PLC | 0.37% | 2,075 | $651K | Add +3.0% |
| MSFT Microsoft Corp. | 0.34% | 1,325 | $592K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.31% | 3,780 | $540K | No change |
| XOM Exxon Mobil Corp. | 0.26% | 3,850 | $443K | Reduce -3.8% |
| DAR Darling Ingredients Inc. | 0.20% | 9,500 | $349K | No change |
| CPAY Corpay Inc. | 0.19% | 1,219 | $325K | Add +9.0% |
| CME Cme Group Inc. | 0.18% | 1,550 | $305K | No change |
| PBT Permian Basin Royalty Trust | 0.17% | 25,575 | $288K | Reduce -15.7% |
| PWR Quanta Services Inc. | 0.15% | 1,005 | $255K | Reduce -13.4% |
| GOOGL Alphabet Inc. Class A | 0.14% | 1,315 | $240K | No change |
| FNV Franco-Nevada Corp. | 0.14% | 2,015 | $239K | Add +45.3% |
| GLD SPDR Gold Shares | 0.08% | 650 | $140K | No change |
| COP Conocophillips | 0.05% | 800 | $92K | No change |
| RIVN Rivian Automotive Inc. Class A | 0.04% | 5,250 | $70K | Reduce -19.2% |
| PSX Phillips 66 | 0.01% | 170 | $24K | No change |
| ABT Abbott Laboratories | 0.01% | 160 | $17K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| XPO Xpo Inc. | Reduce -0.1% | 5.05% | −1.15 |
| PTC PTC Inc. | Reduce -0.3% | 6.39% | −0.72 |
| ERII Energy Recovery Inc. | Reduce -18.9% | 0.80% | −0.45 |
| RNR Renaissancere Holdings Ltd. | Reduce -0.1% | 3.50% | −0.43 |
| PBT Permian Basin Royalty Trust | Reduce -15.7% | 0.17% | −0.06 |
| TRUP Trupanion Inc. | Reduce -1.1% | 5.07% | −0.06 |
| PWR Quanta Services Inc. | Reduce -13.4% | 0.15% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -3.8% | 0.26% | −0.03 |
| RIVN Rivian Automotive Inc. Class A | Reduce -19.2% | 0.04% | −0.00 |
| RXO Rxo Inc. | Reduce -2.0% | 2.39% | +0.21 |
| UI Ubiquiti Inc. | Reduce -1.6% | 2.22% | +0.31 |
| TPL Texas Pacific Land Corp. | Reduce -14.5% | 20.68% | +0.37 |
| NTRA Natera Inc. | Reduce -2.0% | 8.11% | +0.66 |
| TMDX Transmedics Group Inc. | Reduce -0.1% | 5.64% | +2.68 |
Portfolio Buys Q1 2024 → Q2 2024
| DMRC Digimarc Corp. | Add +1.6% | 12.39% | +0.99 |
| TSM Taiwan Semiconductor-SP ADR | Add +40.7% | 1.91% | +0.78 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 5.50% | +0.64 |
| HEI Heico Corp. | Add +1.7% | 0.55% | +0.06 |
| FNV Franco-Nevada Corp. | Add +45.3% | 0.14% | +0.04 |
| ETN Eaton Corp. PLC | Add +3.0% | 0.37% | −0.01 |
| CPAY Corpay Inc. | Add +9.0% | 0.19% | −0.02 |
| JOE The St Joe Co. | Add +3.1% | 0.47% | −0.05 |
| VNRX Volitionrx Ltd. | Add +7.2% | 1.89% | −0.46 |
| GXO Gxo Logistics Inc. | Add +0.7% | 3.96% | −0.50 |
| STXS Stereotaxis Inc. | Add +3.2% | 4.14% | −1.99 |
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 |