Lagoda Investment Management, L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Lagoda Investment Management, L.P. reported 34 stock positions worth $174.1 million. Its top holding was Texas Pacific Land (TPL) at 20.0% of the portfolio, followed by Digimarc (DMRC, 9.1%) and Natera (NTRA, 8.3%). Compared with Q2 2024, it sold out of 6, added to 8 and reduced 19. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +82%) and the biggest sale Digimarc (DMRC, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001632108
- Portfolio Value
- $174.1M (Q3 2024)
- SEC Filing
- 0001493152-24-045803 ↗ filed Nov 14, 2024
Holdings Value
Holdings 34 stocks · $174.1M
| TPL Texas Pacific Land Corp. | 19.97% | 39,302 | $34.8M | Reduce -19.7% |
| DMRC Digimarc Corp. | 9.09% | 588,525 | $15.8M | Reduce -15.3% |
| NTRA Natera Inc. | 8.32% | 114,135 | $14.5M | Reduce -12.3% |
| TRUP Trupanion Inc. | 6.43% | 266,745 | $11.2M | Reduce -11.1% |
| PTC PTC Inc. | 6.20% | 59,725 | $10.8M | Reduce -2.3% |
| TMDX Transmedics Group Inc. | 5.71% | 63,305 | $9.9M | Reduce -2.7% |
| XPO Xpo Inc. | 4.95% | 80,145 | $8.6M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 4.93% | 51,310 | $8.6M | Reduce -1.6% |
| STXS Stereotaxis Inc. | 4.49% | 3,830,435 | $7.8M | Reduce -3.0% |
| RNR Renaissancere Holdings Ltd. | 4.14% | 26,455 | $7.2M | Reduce -2.8% |
| GXO Gxo Logistics Inc. | 4.02% | 134,505 | $7.0M | Reduce -1.2% |
| TSM Taiwan Semiconductor-SP ADR | 3.47% | 34,765 | $6.0M | Add +82.2% |
| UI Ubiquiti Inc. | 3.30% | 25,917 | $5.7M | Reduce -1.9% |
| ESGR Enstar Group Ltd. | 2.91% | 15,753 | $5.1M | Reduce -32.5% |
| RXO Rxo Inc. | 2.45% | 152,435 | $4.3M | Reduce -4.1% |
| VNRX Volitionrx Ltd. | 2.10% | 6,095,000 | $3.7M | Add +12.1% |
| ERII Energy Recovery Inc. | 2.07% | 206,865 | $3.6M | Add +96.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.79% | 2 | $1.4M | No change |
| MA Mastercard Inc. Class A | 0.76% | 2,694 | $1.3M | Add +23.4% |
| HEI Heico Corp. | 0.73% | 4,885 | $1.3M | Add +15.1% |
| ETN Eaton Corp. PLC | 0.61% | 3,225 | $1.1M | Add +55.4% |
| JOE The St Joe Co. | 0.56% | 16,740 | $976K | Add +11.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 2,065 | $950K | No change |
| MSFT Microsoft Corp. | 0.32% | 1,275 | $549K | Reduce -3.8% |
| XOM Exxon Mobil Corp. | 0.24% | 3,625 | $425K | Reduce -5.8% |
| PWR Quanta Services Inc. | 0.17% | 1,005 | $300K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.16% | 2,300 | $274K | Reduce -39.1% |
| NE Noble Corp. PLC | 0.14% | 6,600 | $239K | Reduce -59.9% |
| CPAY Corpay Inc. | 0.13% | 720 | $225K | Reduce -40.9% |
| GOOGL Alphabet Inc. Class A | 0.13% | 1,315 | $218K | No change |
| GLD SPDR Gold Shares | 0.09% | 650 | $158K | No change |
| RIVN Rivian Automotive Inc. Class A | 0.04% | 6,000 | $67K | Add +14.3% |
| PSX Phillips 66 | 0.01% | 170 | $22K | No change |
| ABT Abbott Laboratories | 0.01% | 160 | $18K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| DMRC Digimarc Corp. | Reduce -15.3% | 9.09% | −3.31 |
| ESGR Enstar Group Ltd. | Reduce -32.5% | 2.91% | −1.20 |
| TPL Texas Pacific Land Corp. | Reduce -19.7% | 19.97% | −0.71 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 4.93% | −0.58 |
| STR Sitio Royalties Corp. Class A | Sold out | 0.00% | −0.42 |
| NE Noble Corp. PLC | Reduce -59.9% | 0.14% | −0.29 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.20 |
| PTC PTC Inc. | Reduce -2.3% | 6.20% | −0.20 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.18 |
| PBT Permian Basin Royalty Trust | Sold out | 0.00% | −0.17 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -39.1% | 0.16% | −0.15 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.14 |
| XPO Xpo Inc. | Reduce -3.1% | 4.95% | −0.11 |
| CPAY Corpay Inc. | Reduce -40.9% | 0.13% | −0.06 |
| COP Conocophillips | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -3.8% | 0.32% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -5.8% | 0.24% | −0.01 |
| RXO Rxo Inc. | Reduce -4.1% | 2.45% | +0.06 |
| GXO Gxo Logistics Inc. | Reduce -1.2% | 4.02% | +0.07 |
| TMDX Transmedics Group Inc. | Reduce -2.7% | 5.71% | +0.07 |
| NTRA Natera Inc. | Reduce -12.3% | 8.32% | +0.21 |
| STXS Stereotaxis Inc. | Reduce -3.0% | 4.49% | +0.35 |
| RNR Renaissancere Holdings Ltd. | Reduce -2.8% | 4.14% | +0.64 |
| UI Ubiquiti Inc. | Reduce -1.9% | 3.30% | +1.09 |
| TRUP Trupanion Inc. | Reduce -11.1% | 6.43% | +1.36 |
Portfolio Buys Q2 2024 → Q3 2024
| TSM Taiwan Semiconductor-SP ADR | Add +82.2% | 3.47% | +1.56 |
| ERII Energy Recovery Inc. | Add +96.6% | 2.07% | +1.26 |
| ETN Eaton Corp. PLC | Add +55.4% | 0.61% | +0.24 |
| VNRX Volitionrx Ltd. | Add +12.1% | 2.10% | +0.21 |
| MA Mastercard Inc. Class A | Add +23.4% | 0.76% | +0.21 |
| HEI Heico Corp. | Add +15.1% | 0.73% | +0.19 |
| JOE The St Joe Co. | Add +11.3% | 0.56% | +0.09 |
| RIVN Rivian Automotive Inc. Class A | Add +14.3% | 0.04% | −0.00 |
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 |