TOMS Capital Investment Management LP In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), TOMS Capital Investment Management LP reported 19 stock positions worth $1.2 billion . Its top holding was Philip Morris International (PM) at 15.7% of the portfolio, followed by Air Products & Chemicals (APD, 13.1% ) and CVS Health (CVS, 10.0% ). Compared with Q2 2024, it opened 11 new positions, sold out of 9, added to 4 and reduced 4. The biggest buy was a new position in Air Products & Chemicals (APD) and the biggest sale an exit from Kellanova (K).
Location NEW YORK, NY
CIK 0001743937
Portfolio Value $1.2B (Q3 2024) Holdings 19 stocks · $1.2B 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 Q2 2024 PM Philip Morris International 1,572,900 $191.0M Reduce -1.0% APD Air Products & Chemicals Inc. 537,000 $159.9M New CVS CVS Health Corp. 1,940,000 $122.0M New TSM Taiwan Semiconductor-SP ADR 674,400 $117.1M Add +68.4% ADBE Adobe Inc. 207,569 $107.5M Reduce -1.6% APH Amphenol Corp. Class A 1,401,673 $91.3M Add +24.3% FLUT Flutter Entertainment PLC-Di 370,269 $87.9M Add +13.0% MRVL Marvell Technology Inc. 961,500 $69.3M Add +82.6% AER Aercap Holdings NV 639,000 $60.5M New VRT Vertiv Holdings Co. Class A 483,500 $48.1M New ROIV Roivant Sciences Ltd. 4,015,000 $46.3M New SBUX Starbucks Corp. 389,338 $38.0M Reduce -53.5% VSTS Vestis Corp. 2,330,155 $34.7M New AXON Axon Enterprise Inc. 52,987 $21.2M Reduce -74.8% LINE Lineage Inc. 200,000 $15.7M New CCJ Cameco Corp. 48,800 $2.3M New USO United States Oil Fund LP 33,300 $2.3M New PDD PDD Holdings Inc. 14,300 $1.9M New DDOG Datadog Inc. Class A 16,700 $1.9M New
Options reported separately and not counted above: SPY puts ($688.5M), TSM puts ($475.5M), XRT puts ($271.9M), APH calls ($32.6M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ K Kellanova Sold out 0.00% −16.56 HUBS HubSpot Inc. Sold out 0.00% −7.98 MSFT Microsoft Corp. Sold out 0.00% −7.34 WRK Westrock Co. Sold out 0.00% −6.62 AMZN Amazon.com Inc. Sold out 0.00% −4.27 ILMN Illumina Inc. Sold out 0.00% −3.65 GEV GE Vernova Inc. Sold out 0.00% −3.08 AXON Axon Enterprise Inc. Reduce -74.8% 1.74% −2.85 STLA Stellantis NV Sold out 0.00% −1.74 SBUX Starbucks Corp. Reduce -53.5% 3.11% −1.73 X United States Steel Corp. Sold out 0.00% −0.67 ADBE Adobe Inc. Reduce -1.6% 8.82% +0.10 PM Philip Morris International Reduce -1.0% 15.67% +3.70
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ APD Air Products & Chemicals Inc. New 13.12% +13.12 CVS CVS Health Corp. New 10.01% +10.01 AER Aercap Holdings NV New 4.97% +4.97 TSM Taiwan Semiconductor-SP ADR Add +68.4% 9.61% +4.44 VRT Vertiv Holdings Co. Class A New 3.95% +3.95 ROIV Roivant Sciences Ltd. New 3.80% +3.80 MRVL Marvell Technology Inc. Add +82.6% 5.69% +2.95 VSTS Vestis Corp. New 2.85% +2.85 FLUT Flutter Entertainment PLC-Di Add +13.0% 7.21% +2.77 APH Amphenol Corp. Class A Add +24.3% 7.49% +1.85 LINE Lineage Inc. New 1.29% +1.29 CCJ Cameco Corp. New 0.19% +0.19 USO United States Oil Fund LP New 0.19% +0.19 PDD PDD Holdings Inc. New 0.16% +0.16 DDOG Datadog Inc. Class A New 0.16% +0.16
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +93.4% 1,200,000 $688.5M TSM Taiwan Semiconductor-SP ADR put Reduce -2.9% 2,737,700 $475.5M XRT SS SPDR S&P Retail ETF put New 3,500,000 $271.9M HES Hess Corp. put Sold out 956,700 $141.1Mbefore exit HUBS HubSpot Inc. call Sold out 175,000 $103.2Mbefore exit VKTX Viking Therapeutics Inc. call Sold out 763,600 $40.5Mbefore exit APH Amphenol Corp. Class A call Reduce -75.4% 500,000 $32.6M ATMU Atmus Filtration Technologie call Sold out 962,100 $27.7Mbefore exit VSTS Vestis Corp. call Sold out 1,899,600 $23.2Mbefore exit PENN Penn Entertainment Inc. call Sold out 940,100 $18.2Mbefore exit IVVD Invivyd Inc. call Sold out 698,500 $768Kbefore 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 16 $1.9B DVN, STX, RIOT, INTC, MKSI Q1 2026 14 $1.5B AER, NVDA, FWONK, STX, FDX Q4 2025 13 $1.4B TGT, UNP, UAL, NVDA, CRS Q3 2025 11 $1.1B KVUE, UNP, CRS, CORZ, GOOG Q2 2025 12 $1.3B KVUE, CSX, NSC, COF, SNPS Q1 2025 13 $1.4B KVUE, CSGP, X, TSM, AMZN Q4 2024 10 $857.7M PM, AER, APH, FLUT, TSM Q3 2024 19 $1.2B PM, APD, CVS, TSM, ADBE Q2 2024 17 $1.3B K, PM, ADBE, HUBS, MSFT Q1 2024 15 $1.5B K, ADBE, PM, AMZN, STLA