Patient Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Patient Capital Management, LLC reported 43 stock positions worth $2.2 billion. Its top holding was Amazon.com (AMZN) at 6.2% of the portfolio, followed by Qxo (QXO, 5.7%) and Alphabet Class A (GOOGL, 5.2%). Compared with Q3 2024, it opened 2 new positions, added to 15 and reduced 23. The biggest buy was Seadrill (SDRL, shares +63%) and the biggest sale Travel + Leisure (TNL, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0001854794
- Portfolio Value
- $2.2B (Q4 2024)
- SEC Filing
- 0001085146-25-001553 ↗ filed Feb 14, 2025
Holdings Value
Holdings 43 stocks · $2.2B
| AMZN Amazon.com Inc. | 6.17% | 609,896 | $133.8M | Reduce -2.5% |
| QXO Qxo Inc. | 5.67% | 7,733,030 | $123.0M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 5.20% | 595,490 | $112.7M | Reduce -0.0% |
| C Citigroup Inc. | 5.01% | 1,541,308 | $108.5M | Reduce -0.0% |
| ET Energy Transfer LP | 4.60% | 5,091,882 | $99.7M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 3.99% | 147,628 | $86.4M | Reduce -0.1% |
| EXPE Expedia Group Inc. | 3.80% | 442,429 | $82.4M | Reduce -31.6% |
| NVDA Nvidia Corp. | 3.77% | 608,563 | $81.7M | Reduce -0.0% |
| GM General Motors Co. | 3.76% | 1,531,144 | $81.6M | Reduce -1.2% |
| RPRX Royalty Pharma PLC Class A | 3.38% | 2,875,089 | $73.3M | Add +40.9% |
| PPLI People Inc. filed as IAC INC | 3.32% | 1,667,261 | $71.9M | Add +0.2% |
| UAL United Airlines Holdings Inc. | 3.25% | 725,244 | $70.4M | Reduce -27.9% |
| OMF Onemain Holdings Inc. | 3.04% | 1,263,145 | $65.8M | Reduce -10.6% |
| SOFI Sofi Technologies Inc. | 3.02% | 4,251,680 | $65.5M | Reduce -26.6% |
| SDRL Seadrill Limited | 3.01% | 1,676,777 | $65.3M | Add +63.5% |
| NCLH Norwegian Cruise Line Holdin | 2.95% | 2,483,809 | $63.9M | Reduce -11.3% |
| BIIB Biogen Inc. | 2.92% | 413,960 | $63.3M | Add +61.7% |
| UBS UBS Group AG-Reg | 2.86% | 2,042,420 | $61.9M | Add +1.0% |
| KOS Kosmos Energy Ltd. | 2.71% | 17,147,729 | $58.6M | Add +81.7% |
| BABA Alibaba Group Holding-SP ADR | 2.70% | 689,712 | $58.5M | Add +4.7% |
| CVS CVS Health Corp. | 2.69% | 1,298,429 | $58.3M | Add +68.8% |
| DAL Delta Air Lines Inc. | 2.64% | 947,509 | $57.3M | Reduce -25.0% |
| ILMN Illumina Inc. | 2.53% | 409,955 | $54.8M | Reduce -0.4% |
| PLAY Dave & Buster's Entertainmen | 2.39% | 1,777,260 | $51.9M | Add +36.6% |
| COIN Coinbase Global Inc. Class A | 2.33% | 203,401 | $50.5M | Add +15.0% |
| CROX Crocs Inc. | 2.25% | 445,227 | $48.8M | Add +16.9% |
| MAT Mattel Inc. | 2.07% | 2,532,472 | $44.9M | Reduce -0.2% |
| GOOS Canada Goose Holdings Inc. | 1.78% | 3,854,520 | $38.7M | Add +3.4% |
| PTON Peloton Interactive Inc. Class A | 1.53% | 3,817,374 | $33.2M | Reduce -24.5% |
| FBTC Fidelity Wise Origin Bitcoin | 1.15% | 305,603 | $24.9M | Add +215.5% |
| EXE Expand Energy Corp. | 1.09% | 236,911 | $23.6M | Add +0.1% |
| PGEN Precigen Inc. | 0.92% | 17,881,246 | $20.0M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.33% | 29,386 | $7.0M | No change |
| TNL Travel + Leisure Co. | 0.27% | 116,599 | $5.9M | Reduce -86.8% |
| EVRI Everi Holdings Inc. | 0.19% | 300,310 | $4.1M | Reduce -17.2% |
| JD Jd.com Inc.-ADR | 0.16% | 100,000 | $3.5M | New |
| WAL Western Alliance Bancorp | 0.11% | 28,282 | $2.4M | Reduce -88.0% |
| TEVA Teva Pharmaceutical-SP ADR | 0.10% | 100,000 | $2.2M | No change |
| FISV Fiserv Inc. | 0.10% | 10,042 | $2.1M | Reduce -92.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 3,463 | $2.0M | Add +133.0% |
| LEN.B Lennar Corp. Class B | 0.08% | 12,500 | $1.7M | No change |
| APA Apa Corp. | 0.05% | 50,000 | $1.2M | New |
| BRLT Brilliant Earth Group Inc. Class A | 0.01% | 100,000 | $210K | Reduce -58.6% |
Portfolio Sells Q3 2024 → Q4 2024
| TNL Travel + Leisure Co. | Reduce -86.8% | 0.27% | −1.73 |
| FISV Fiserv Inc. | Reduce -92.4% | 0.10% | −1.08 |
| EXPE Expedia Group Inc. | Reduce -31.6% | 3.80% | −0.90 |
| WAL Western Alliance Bancorp | Reduce -88.0% | 0.11% | −0.89 |
| DAL Delta Air Lines Inc. | Reduce -25.0% | 2.64% | −0.51 |
| QXO Qxo Inc. | Reduce -0.1% | 5.67% | −0.32 |
| MAT Mattel Inc. | Reduce -0.2% | 2.07% | −0.30 |
| OMF Onemain Holdings Inc. | Reduce -10.6% | 3.04% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 3.99% | −0.17 |
| ILMN Illumina Inc. | Reduce -0.4% | 2.53% | −0.11 |
| EVRI Everi Holdings Inc. | Reduce -17.2% | 0.19% | −0.05 |
| BRLT Brilliant Earth Group Inc. Class A | Reduce -58.6% | 0.01% | −0.02 |
| PGEN Precigen Inc. | Reduce -0.3% | 0.92% | +0.09 |
| NCLH Norwegian Cruise Line Holdin | Reduce -11.3% | 2.95% | +0.13 |
| NVDA Nvidia Corp. | Reduce -0.0% | 3.77% | +0.14 |
| C Citigroup Inc. | Reduce -0.0% | 5.01% | +0.27 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 5.20% | +0.35 |
| GM General Motors Co. | Reduce -1.2% | 3.76% | +0.35 |
| PTON Peloton Interactive Inc. Class A | Reduce -24.5% | 1.53% | +0.37 |
| ET Energy Transfer LP | Reduce -3.9% | 4.60% | +0.43 |
| UAL United Airlines Holdings Inc. | Reduce -27.9% | 3.25% | +0.43 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 6.17% | +0.45 |
| SOFI Sofi Technologies Inc. | Reduce -26.6% | 3.02% | +0.78 |
Portfolio Buys Q3 2024 → Q4 2024
| SDRL Seadrill Limited | Add +63.5% | 3.01% | +1.01 |
| FBTC Fidelity Wise Origin Bitcoin | Add +215.5% | 1.15% | +0.89 |
| KOS Kosmos Energy Ltd. | Add +81.7% | 2.71% | +0.84 |
| COIN Coinbase Global Inc. Class A | Add +15.0% | 2.33% | +0.78 |
| RPRX Royalty Pharma PLC Class A | Add +40.9% | 3.38% | +0.55 |
| BIIB Biogen Inc. | Add +61.7% | 2.92% | +0.48 |
| CVS CVS Health Corp. | Add +68.8% | 2.69% | +0.31 |
| PLAY Dave & Buster's Entertainmen | Add +36.6% | 2.39% | +0.22 |
| JD Jd.com Inc.-ADR | New | 0.16% | +0.16 |
| EXE Expand Energy Corp. | Add +0.1% | 1.09% | +0.13 |
| APA Apa Corp. | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +133.0% | 0.09% | +0.05 |
| UBS UBS Group AG-Reg | Add +1.0% | 2.86% | −0.21 |
| CROX Crocs Inc. | Add +16.9% | 2.25% | −0.46 |
| GOOS Canada Goose Holdings Inc. | Add +3.4% | 1.78% | −0.51 |
| BABA Alibaba Group Holding-SP ADR | Add +4.7% | 2.70% | −0.73 |
| PPLI People Inc. | Add +0.2% | 3.32% | −1.08 |
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 |