Patient Capital Management, LLC In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Patient Capital Management, LLC reported 39 stock positions worth $3.0 billion . Its top holding was Royalty Pharma Class A (RPRX) at 6.7% of the portfolio, followed by Citigroup (C, 6.5% ) and Alphabet Class A (GOOGL, 6.2% ). Compared with Q1 2026, it opened 2 new positions, sold out of 1, added to 11 and reduced 24. The biggest buy was a new position in Global Payments (GPN) and the biggest sale Noble (NE, shares −93% ).
Location BALTIMORE, MD
CIK 0001854794
Portfolio Value $3.0B (Q2 2026) Holdings 39 stocks · $3.0B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 RPRX Royalty Pharma PLC Class A 3,598,808 $201.8M Reduce -1.2% C Citigroup Inc. 1,403,477 $196.4M Reduce -0.7% GOOGL Alphabet Inc. Class A 525,750 $187.9M Reduce -1.5% UNH Unitedhealth Group Inc. 437,773 $182.0M Add +0.1% AMZN Amazon.com Inc. 681,047 $162.3M Add +4.1% NVDA Nvidia Corp. 709,587 $142.0M Reduce -0.2% CVS CVS Health Corp. 1,235,505 $127.8M Reduce -9.0% NCLH Norwegian Cruise Line Holdin 6,029,642 $127.3M Add +4.9% QXO Qxo Inc. 7,136,669 $123.3M Add +5.3% ET Energy Transfer LP 6,080,678 $116.3M Reduce -0.1% PPLI People Inc. 2,425,558 $112.0M Reduce -10.2% PGEN Precigen Inc. 19,036,976 $108.5M Add +6.8% UAL United Airlines Holdings Inc. 731,523 $99.5M Reduce -0.1% CROX Crocs Inc. 799,426 $96.4M Reduce -5.2% META Meta Platforms Inc. Class A 170,790 $96.2M Reduce -0.2% CHYM Chime Financial Inc. Class A 4,082,489 $83.6M Add +41.6% ADBE Adobe Inc. 361,126 $74.0M Add +21.5% SDRL Seadrill Limited 1,953,355 $73.9M Reduce -9.3% GPN Global Payments Inc. 942,310 $68.4M New COIN Coinbase Global Inc. Class A 462,016 $67.5M Add +7.3% FBTC Fidelity Wise Origin Bitcoin 1,217,595 $62.2M Add +244.1% BIIB Biogen Inc. 283,697 $61.3M Reduce -25.3% ILMN Illumina Inc. 345,314 $60.7M Reduce -36.6% GM General Motors Co. 631,558 $48.7M Reduce -15.2% UBS UBS Group AG-Reg 953,734 $47.3M Reduce -23.2% FISV Fiserv Inc. 953,637 $46.8M Reduce -1.5% EXPE Expedia Group Inc. 167,814 $42.9M Add +0.0% OMF Onemain Holdings Inc. 702,369 $42.8M Reduce -10.1% DAL Delta Air Lines Inc. 431,215 $40.4M Reduce -21.9% JD Jd.com Inc.-ADR 1,377,719 $35.1M Reduce -1.6% SOFI Sofi Technologies Inc. 1,505,629 $27.0M Add +13.5% TEM Tempus AI Inc. Class A 400,698 $23.2M Reduce -9.4% JPM JPMorgan Chase & Co. 29,360 $9.6M Reduce -0.0% GENI Genius Sports Ltd. 812,819 $4.9M New NE Noble Corp. PLC 100,000 $3.7M Reduce -92.6% PLAY Dave & Buster's Entertainmen 204,022 $2.3M Reduce -82.3% APA Apa Corp. 50,000 $1.6M No change LEN.B Lennar Corp. Class B 12,500 $1.1M No change SPY SS SPDR S&P 500 ETF Trust-US 1,060 $792K Reduce -4.9%
Options reported separately and not counted above: BIOGEN INC calls ($40.9M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ NE Noble Corp. PLC Reduce -92.6% 0.12% −2.34 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −1.58 SDRL Seadrill Limited Reduce -9.3% 2.45% −1.20 BIIB Biogen Inc. Reduce -25.3% 2.04% −0.56 ET Energy Transfer LP Reduce -0.1% 3.86% −0.52 ILMN Illumina Inc. Reduce -36.6% 2.02% −0.49 FISV Fiserv Inc. Reduce -1.5% 1.55% −0.46 META Meta Platforms Inc. Class A Reduce -0.2% 3.20% −0.45 GM General Motors Co. Reduce -15.2% 1.62% −0.45 PLAY Dave & Buster's Entertainmen Reduce -82.3% 0.08% −0.39 JD Jd.com Inc.-ADR Reduce -1.6% 1.17% −0.38 PPLI People Inc. Reduce -10.2% 3.72% −0.31 UBS UBS Group AG-Reg Reduce -23.2% 1.57% −0.24 OMF Onemain Holdings Inc. Reduce -10.1% 1.42% −0.14 DAL Delta Air Lines Inc. Reduce -21.9% 1.34% −0.03 JPM JPMorgan Chase & Co. Reduce -0.0% 0.32% −0.00 SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.9% 0.03% −0.00 TEM Tempus AI Inc. Class A Reduce -9.4% 0.77% +0.03 NVDA Nvidia Corp. Reduce -0.2% 4.72% +0.09 RPRX Royalty Pharma PLC Class A Reduce -1.2% 6.70% +0.19 GOOGL Alphabet Inc. Class A Reduce -1.5% 6.24% +0.52 C Citigroup Inc. Reduce -0.7% 6.53% +0.55 CROX Crocs Inc. Reduce -5.2% 3.20% +0.60 CVS CVS Health Corp. Reduce -9.0% 4.25% +0.61 UAL United Airlines Holdings Inc. Reduce -0.1% 3.31% +0.79
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ GPN Global Payments Inc. New 2.27% +2.27 UNH Unitedhealth Group Inc. Add +0.1% 6.05% +1.64 FBTC Fidelity Wise Origin Bitcoin Add +244.1% 2.07% +1.29 PGEN Precigen Inc. Add +6.8% 3.61% +1.03 CHYM Chime Financial Inc. Class A Add +41.6% 2.78% +0.77 AMZN Amazon.com Inc. Add +4.1% 5.39% +0.31 NCLH Norwegian Cruise Line Holdin Add +4.9% 4.23% +0.22 GENI Genius Sports Ltd. New 0.16% +0.16 SOFI Sofi Technologies Inc. Add +13.5% 0.90% +0.11 EXPE Expedia Group Inc. Add +0.0% 1.43% −0.02 ADBE Adobe Inc. Add +21.5% 2.46% −0.23 COIN Coinbase Global Inc. Class A Add +7.3% 2.24% −0.56 QXO Qxo Inc. Add +5.3% 4.10% −0.81
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ BIOGEN INC call Add +9900.0% 189,400 $40.9M TESLA INC put Sold out 500 $18.6Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 39 $3.0B RPRX, C, GOOGL, UNH, AMZN Q1 2026 38 $2.7B RPRX, C, GOOGL, AMZN, QXO Q4 2025 40 $2.6B GOOGL, C, AMZN, RPRX, QXO Q3 2025 41 $2.5B GOOGL, C, UNH, QXO, AMZN Q2 2025 40 $2.2B QXO, AMZN, C, GOOGL, RPRX Q1 2025 39 $1.9B AMZN, C, QXO, GOOGL, RPRX Q4 2024 43 $2.2B AMZN, QXO, GOOGL, C, ET Q3 2024 41 $2.0B QXO, AMZN, GOOGL, C, EXPE Q2 2024 40 $1.9B AMZN, GOOGL, C, EXPE, ET Q1 2024 42 $2.1B AMZN, C, EXPE, OMF, DAL