Lagoda Investment Management, L.P.
NEW YORK, NY
$182m in 25 US stocks at the end of 30 June 2026. The top 10 are 72.5% of the money. It changed about 19.0% of the portfolio this quarter.
Value
$182m
Stocks
25
Top 10 share
72.5%
Turnover
19.0%
What changed this quarter
New
Bought for the first time this quarter.
- DigimarcDMRC5.2% of the fund
- VolitionrxVNRX1.1% of the fund
Added
Bought more of a stock they already held.
- Advanced Micro DevicesAMD5.7% of the fund+55%
- ARM HoldingsARM5.6% of the fund+9%
- TransMedics GroupTMDX3.6% of the fund+8%
- Guardant HealthGH3.1% of the fund+3%
- PTCPTC2.9% of the fund+10%
- SynopsysSNPS2.6% of the fund+13%
- QXOQXO1.9% of the fund+163%
- Profound MedicalPROF1.8% of the fund+14%
- HeicoHEI1.2% of the fund+3%
- Spdr Gold TRGLD0.1% of the fund+17%
Cut
Sold some of their stake.
- NateraNTRA8.7% of the fund-9%
- AlphabetGOOG7.1% of the fund-3%
- XPOXPO4.7% of the fund-16%
- StereotaxisSTXS3.9% of the fund-5%
- UbiquitiUI2.0% of the fund-26%
- MastercardMA1.3% of the fund-7%
- TrupanionTRUP1.1% of the fund-20%
- MicrosoftMSFT0.2% of the fund-2%
Sold out
Sold their entire stake.
- DigimarcDMRC-100%
- VolitionrxVNRX-100%
Holdings
- ARM HoldingsARM
- Share
- 5.6%
- Value
- $10m
- Shares
- 28,525
+9%
- DigimarcDMRC
- Share
- 5.2%
- Value
- $9m
- Shares
- 1,140,450
New
- Spdr Gold TRGLD
- Share
- 0.1%
- Value
- $257,866
- Shares
- 700
+17%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Texas Pacific LandTPL | 20.6% | $37m | 85,631 | Held |
| NateraNTRA | 8.7% | $16m | 58,503 | -9% |
| Taiwan Semiconductor ManufacturingTSM | 7.2% | $13m | 27,520 | Held |
| AlphabetGOOG | 7.1% | $13m | 36,375 | -3% |
| Advanced Micro DevicesAMD | 5.7% | $10m | 17,825 | +55% |
| ARM HoldingsARM | 5.6% | $10m | 28,525 | +9% |
| DigimarcDMRC | 5.2% | $9m | 1,140,450 | New |
| XPOXPO | 4.7% | $9m | 41,890 | -16% |
| StereotaxisSTXS | 3.9% | $7m | 4,122,600 | -5% |
| Renaissancere HoldingsRNR | 3.9% | $7m | 22,235 | Held |
| GXO LogisticsGXO | 3.6% | $7m | 129,310 | Held |
| TransMedics GroupTMDX | 3.6% | $6m | 97,465 | +8% |
| Guardant HealthGH | 3.1% | $6m | 37,365 | +3% |
| PTCPTC | 2.9% | $5m | 45,660 | +10% |
| SynopsysSNPS | 2.6% | $5m | 10,626 | +13% |
| UbiquitiUI | 2.0% | $4m | 6,646 | -26% |
| QXOQXO | 1.9% | $4m | 203,675 | +163% |
| Profound MedicalPROF | 1.8% | $3m | 501,325 | +14% |
| MastercardMA | 1.3% | $2m | 4,735 | -7% |
| HeicoHEI | 1.2% | $2m | 6,000 | +3% |
| VolitionrxVNRX | 1.1% | $2m | 1,455,950 | New |
| TrupanionTRUP | 1.1% | $2m | 79,050 | -20% |
| Berkshire HathawayBRK-B | 1.0% | $2m | 3,670 | Held |
| MicrosoftMSFT | 0.2% | $400,997 | 1,075 | -2% |
| Spdr Gold TRGLD | 0.1% | $257,866 | 700 | +17% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.0% since 30 June 2025.
Where the money is
Technology31.3%
Health care22.2%
Energy20.6%
Industrials11.4%
Financial services7.3%
Media & telecom7.1%
Other0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.