Patient Capital Management, LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Patient Capital Management, LLC reported 42 stock positions worth $2.1 billion . Its top holding was Amazon.com (AMZN) at 5.7% of the portfolio, followed by Citigroup (C, 5.5% ) and Expedia (EXPE, 4.9% ). Compared with Q4 2023, it opened 3 new positions, sold out of 3, added to 11 and reduced 25. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Expedia (EXPE, shares −22% ).
Location BALTIMORE, MD
CIK 0001854794
Portfolio Value $2.1B (Q1 2024) Holdings 42 stocks · $2.1B 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 Q4 2023 AMZN Amazon.com Inc. 643,989 $116.2M Reduce -10.8% C Citigroup Inc. 1,777,075 $112.4M Reduce -5.9% EXPE Expedia Group Inc. 729,594 $100.5M Reduce -22.0% OMF Onemain Holdings Inc. 1,863,738 $95.2M Reduce -13.3% DAL Delta Air Lines Inc. 1,916,503 $91.7M Add +0.2% GOOGL Alphabet Inc. Class A 601,537 $90.8M Add +0.2% ET Energy Transfer LP 5,678,229 $89.3M Add +1.2% GM General Motors Co. 1,797,772 $81.5M Reduce -3.7% META Meta Platforms Inc. Class A 164,999 $80.1M Reduce -12.4% PPLI People Inc. filed as IAC INC 1,437,311 $76.7M Add +5.2% UBS UBS Group AG-Reg 2,339,900 $71.9M Reduce -4.5% MAT Mattel Inc. 3,166,784 $62.7M Reduce -3.7% CROX Crocs Inc. 419,057 $60.3M Reduce -0.7% COIN Coinbase Global Inc. Class A 217,836 $57.8M Reduce -6.1% NVDA Nvidia Corp. 60,606 $54.8M New UAL United Airlines Holdings Inc. 1,110,352 $53.2M Reduce -9.1% NCLH Norwegian Cruise Line Holdin 2,413,260 $50.5M Reduce -4.8% GOOS Canada Goose Holdings Inc. 4,133,561 $49.9M Add +7.6% TNL Travel + Leisure Co. 989,425 $48.4M Reduce -11.8% KOS Kosmos Energy Ltd. 8,039,144 $47.9M Add +26.3% BIIB Biogen Inc. 217,887 $47.0M New BABA Alibaba Group Holding-SP ADR 633,201 $45.8M Add +9.8% CVS CVS Health Corp. 572,574 $45.7M Reduce -4.7% SDRL Seadrill Limited 900,306 $45.3M Add +35.9% JPM JPMorgan Chase & Co. 216,724 $43.4M Reduce -19.3% RPRX Royalty Pharma PLC Class A 1,419,818 $43.1M Add +13.2% COF Capital One Financial Corp. 252,467 $37.6M Reduce -21.6% FISV Fiserv Inc. 233,445 $37.3M Reduce -9.1% UBER Uber Technologies Inc. 473,467 $36.5M Reduce -18.6% ILMN Illumina Inc. 245,287 $33.7M Add +1.9% WAL Western Alliance Bancorp 450,891 $28.9M Reduce -1.3% SOFI Sofi Technologies Inc. 3,760,597 $27.5M Reduce -0.4% PTON Peloton Interactive Inc. Class A 6,135,576 $26.3M Reduce -1.0% PGEN Precigen Inc. 17,453,455 $25.3M Add +9.2% EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 273,385 $24.3M Reduce -0.1% FBTC Fidelity Wise Origin Bitcoin 112,401 $7.0M New RKT Rocket Cos Inc. Class A 142,791 $2.1M Reduce -60.0% LEN.B Lennar Corp. Class B 12,500 $1.9M No change TEVA Teva Pharmaceutical-SP ADR 100,000 $1.4M No change VNT Vontier Corp. 30,000 $1.4M Reduce -25.0% BRLT Brilliant Earth Group Inc. Class A 250,000 $748K No change FANG Diamondback Energy Inc. 3,000 $595K Reduce -70.0%
Portfolio Sells Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▲ EXPE Expedia Group Inc. Reduce -22.0% 4.89% −2.64 CLF Cleveland-Cliffs Inc. Sold out 0.00% −1.11 OMF Onemain Holdings Inc. Reduce -13.3% 4.63% −0.98 PTON Peloton Interactive Inc. Class A Reduce -1.0% 1.28% −0.72 SOFI Sofi Technologies Inc. Reduce -0.4% 1.34% −0.66 UBS UBS Group AG-Reg Reduce -4.5% 3.50% −0.52 COF Capital One Financial Corp. Reduce -21.6% 1.83% −0.41 JPM JPMorgan Chase & Co. Reduce -19.3% 2.11% −0.31 CVS CVS Health Corp. Reduce -4.7% 2.22% −0.30 MAT Mattel Inc. Reduce -3.7% 3.05% −0.24 NCLH Norwegian Cruise Line Holdin Reduce -4.8% 2.46% −0.24 KRTX Karuna Therapeutics Inc. Sold out 0.00% −0.20 WAL Western Alliance Bancorp Reduce -1.3% 1.41% −0.19 RKT Rocket Cos Inc. Class A Reduce -60.0% 0.10% −0.17 AMZN Amazon.com Inc. Reduce -10.8% 5.65% −0.17 UBER Uber Technologies Inc. Reduce -18.6% 1.77% −0.13 UAL United Airlines Holdings Inc. Reduce -9.1% 2.59% −0.09 FANG Diamondback Energy Inc. Reduce -70.0% 0.03% −0.05 SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.05 VNT Vontier Corp. Reduce -25.0% 0.07% −0.01 FISV Fiserv Inc. Reduce -9.1% 1.82% +0.01 TNL Travel + Leisure Co. Reduce -11.8% 2.36% +0.03 EXE Expand Energy Corp. Reduce -0.1% 1.18% +0.06 C Citigroup Inc. Reduce -5.9% 5.47% +0.31 META Meta Platforms Inc. Class A Reduce -12.4% 3.90% +0.36 GM General Motors Co. Reduce -3.7% 3.97% +0.41 COIN Coinbase Global Inc. Class A Reduce -6.1% 2.81% +0.67 CROX Crocs Inc. Reduce -0.7% 2.93% +0.84
Portfolio Buys Q4 2023 → Q1 2024 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 Q4 2023 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. New 2.67% +2.67 BIIB Biogen Inc. New 2.29% +2.29 SDRL Seadrill Limited Add +35.9% 2.20% +0.54 DAL Delta Air Lines Inc. Add +0.2% 4.47% +0.38 FBTC Fidelity Wise Origin Bitcoin New 0.34% +0.34 ET Energy Transfer LP Add +1.2% 4.35% +0.24 RPRX Royalty Pharma PLC Class A Add +13.2% 2.10% +0.23 PGEN Precigen Inc. Add +9.2% 1.23% +0.10 KOS Kosmos Energy Ltd. Add +26.3% 2.33% +0.07 GOOS Canada Goose Holdings Inc. Add +7.6% 2.43% +0.01 GOOGL Alphabet Inc. Class A Add +0.2% 4.42% −0.03 PPLI People Inc. Add +5.2% 3.73% −0.07 ILMN Illumina Inc. Add +1.9% 1.64% −0.14 BABA Alibaba Group Holding-SP ADR Add +9.8% 2.23% −0.14
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ 2U INC (TWOU 2.25 05/01/25) NOTE 2.250% 5/0 · principal Sold out 7,000,000 $3.6Mbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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