Patient Capital Management
Samantha McLemoreBALTIMORE, MDfiles as Patient Capital Management, LLC
$3.0bn in 39 US stocks at the end of 30 June 2026. The top 10 are 52.1% of the money. It changed about 11.2% of the portfolio this quarter.
Value
$3.0bn
Stocks
39
Top 10 share
52.1%
Turnover
11.2%
What changed this quarter
New
Bought for the first time this quarter.
- Global PaymentsGPN2.3% of the fund
- Genius SportsGENI0.2% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN5.4% of the fund+4%
- Norwegian Cruise Line HoldingsNCLH4.2% of the fund+5%
- QXOQXO4.1% of the fund+5%
- PrecigenPGEN3.6% of the fund+7%
- Chime FinancialCHYM2.8% of the fund+42%
- AdobeADBE2.5% of the fund+21%
- Coinbase GlobalCOIN2.2% of the fund+7%
- Fidelity Wise Origin BitcoinFBTC2.1% of the fund+244%
- SoFi TechnologiesSOFI0.9% of the fund+14%
Cut
Sold some of their stake.
- CVS HealthCVS4.2% of the fund-9%
- People Inc.PPLI3.7% of the fund-10%
- CrocsCROX3.2% of the fund-5%
- SeadrillSDRL2.5% of the fund-9%
- BiogenBIIB2.0% of the fund-25%
- IlluminaILMN2.0% of the fund-37%
- General MotorsGM1.6% of the fund-15%
- UBS Group AGUBS1.6% of the fund-23%
- OneMain HoldingsOMF1.4% of the fund-10%
- Delta Air LinesDAL1.3% of the fund-22%
- Tempus AITEM0.8% of the fund-9%
- NobleNE0.1% of the fund-93%
- Dave & Buster's EntertainmentPLAY<0.1% of the fund-82%
- State STR Spdr S&P 500 ETF TSPY<0.1% of the fund-5%
Sold out
Sold their entire stake.
- Ishares Bitcoin Trust ETFIBIT-100%
Holdings
- Energy Transfer L PET
- Share
- 3.9%
- Value
- $116m
- Shares
- 6,080,678
Held
- Fidelity Wise Origin BitcoinFBTC
- Share
- 2.1%
- Value
- $62m
- Shares
- 1,217,595
+244%
- Jd.comJD
- Share
- 1.2%
- Value
- $35m
- Shares
- 1,377,719
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- <0.1%
- Value
- $791,601
- Shares
- 1,060
-5%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Royalty PharmaRPRX | 6.7% | $202m | 3,598,808 | Held |
| CitigroupC | 6.5% | $196m | 1,403,477 | Held |
| AlphabetGOOGL | 6.2% | $188m | 525,750 | Held |
| UnitedHealth GroupUNH | 6.0% | $182m | 437,773 | Held |
| Amazon.comAMZN | 5.4% | $162m | 681,047 | +4% |
| NvidiaNVDA | 4.7% | $142m | 709,587 | Held |
| CVS HealthCVS | 4.2% | $128m | 1,235,505 | -9% |
| Norwegian Cruise Line HoldingsNCLH | 4.2% | $127m | 6,029,642 | +5% |
| QXOQXO | 4.1% | $123m | 7,136,669 | +5% |
| Energy Transfer L PET | 3.9% | $116m | 6,080,678 | Held |
| People Inc.PPLI | 3.7% | $112m | 2,425,558 | -10% |
| PrecigenPGEN | 3.6% | $109m | 19,036,976 | +7% |
| United Airlines HoldingsUAL | 3.3% | $99m | 731,523 | Held |
| CrocsCROX | 3.2% | $96m | 799,426 | -5% |
| Meta PlatformsMETA | 3.2% | $96m | 170,790 | Held |
| Chime FinancialCHYM | 2.8% | $84m | 4,082,489 | +42% |
| AdobeADBE | 2.5% | $74m | 361,126 | +21% |
| SeadrillSDRL | 2.5% | $74m | 1,953,355 | -9% |
| Global PaymentsGPN | 2.3% | $68m | 942,310 | New |
| Coinbase GlobalCOIN | 2.2% | $68m | 462,016 | +7% |
| Fidelity Wise Origin BitcoinFBTC | 2.1% | $62m | 1,217,595 | +244% |
| BiogenBIIB | 2.0% | $61m | 283,697 | -25% |
| IlluminaILMN | 2.0% | $61m | 345,314 | -37% |
| General MotorsGM | 1.6% | $49m | 631,558 | -15% |
| UBS Group AGUBS | 1.6% | $47m | 953,734 | -23% |
| FiservFISV | 1.6% | $47m | 953,637 | Held |
| Expedia GroupEXPE | 1.4% | $43m | 167,814 | Held |
| OneMain HoldingsOMF | 1.4% | $43m | 702,369 | -10% |
| Delta Air LinesDAL | 1.3% | $40m | 431,215 | -22% |
| Jd.comJD | 1.2% | $35m | 1,377,719 | Held |
| SoFi TechnologiesSOFI | 0.9% | $27m | 1,505,629 | +14% |
| Tempus AITEM | 0.8% | $23m | 400,698 | -9% |
| JPMorgan ChaseJPM | 0.3% | $10m | 29,360 | Held |
| Genius SportsGENI | 0.2% | $5m | 812,819 | New |
| NobleNE | 0.1% | $4m | 100,000 | -93% |
| Dave & Buster's EntertainmentPLAY | <0.1% | $2m | 204,022 | -82% |
| APAAPA | <0.1% | $2m | 50,000 | Held |
| LennarLEN-B | <0.1% | $1m | 12,500 | Held |
| State STR Spdr S&P 500 ETF TSPY | <0.1% | $791,601 | 1,060 | -5% |
Options (1)
- Biogen
- Type
- Call
- Value
- $41m
- Contracts
- 189,400
| Company | Type | Value | Contracts |
|---|---|---|---|
| Biogen | Call | $41m | 189,400 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 35.8% since 30 June 2025.
Where the money is
Health care24.7%
Financial services19.6%
Retail & consumer16.1%
Technology11.7%
Media & telecom9.4%
Industrials8.7%
Energy2.6%
Other7.1%
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.