Pincus Capital Management, LP
NEW YORK, NY
$168m in 52 US stocks at the end of 30 June 2026. The top 10 are 71.4% of the money. It changed about 7.6% of the portfolio this quarter.
Value
$168m
Stocks
52
Top 10 share
71.4%
Turnover
7.6%
What changed this quarter
New
Bought for the first time this quarter.
- ASML Holding NVASML0.2% of the fund
- Select Sector Spdr TRXLI0.1% of the fund
- Applied MaterialsAMAT0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- ZoetisZTS0.6% of the fund-16%
- First TR Exchange-Traded FDCIBR0.2% of the fund-11%
- JPMorgan ChaseJPM0.1% of the fund-11%
Sold out
Sold their entire stake.
- Boston ScientificBSX-100%
Holdings
- Invesco QQQ TRQQQ
- Share
- 7.0%
- Value
- $12m
- Shares
- 15,896
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 2.9%
- Value
- $5m
- Shares
- 6,536
Held
- State STR Spdr S&P Midcap 40MDY
- Share
- 1.5%
- Value
- $3m
- Shares
- 3,695
Held
- J P Morgan Exchange Traded FJEPI
- Share
- 0.5%
- Value
- $875,440
- Shares
- 15,500
Held
- First TR Exchange-Traded FDCIBR
- Share
- 0.2%
- Value
- $301,537
- Shares
- 3,356
-11%
- Vanguard World FDVGT
- Share
- 0.2%
- Value
- $286,848
- Shares
- 2,400
Held
- Select Sector Spdr TRXLI
- Share
- 0.1%
- Value
- $222,276
- Shares
- 1,200
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Procter & GamblePG | 20.7% | $35m | 237,023 | Held |
| AppleAAPL | 11.7% | $20m | 67,634 | Held |
| Lam ResearchLRCX | 11.1% | $19m | 42,937 | Held |
| Invesco QQQ TRQQQ | 7.0% | $12m | 15,896 | Held |
| AlphabetGOOGL | 6.2% | $10m | 29,108 | Held |
| MicrosoftMSFT | 3.9% | $7m | 17,757 | Held |
| MerckMRK | 3.3% | $5m | 42,496 | Held |
| State STR Spdr S&P 500 ETF TSPY | 2.9% | $5m | 6,536 | Held |
| VisaV | 2.5% | $4m | 12,148 | Held |
| Costco WholesaleCOST | 2.1% | $4m | 3,825 | Held |
| Eli LillyLLY | 1.8% | $3m | 2,521 | Held |
| BlackstoneBX | 1.8% | $3m | 25,550 | Held |
| Thermo Fisher ScientificTMO | 1.7% | $3m | 5,580 | Held |
| Quanta ServicesPWR | 1.6% | $3m | 3,690 | Held |
| State STR Spdr S&P Midcap 40MDY | 1.5% | $3m | 3,695 | Held |
| General ElectricGE | 1.5% | $3m | 6,750 | Held |
| BroadcomAVGO | 1.4% | $2m | 6,009 | Held |
| NvidiaNVDA | 1.3% | $2m | 10,936 | Held |
| Johnson & JohnsonJNJ | 1.2% | $2m | 7,649 | Held |
| Home DepotHD | 1.1% | $2m | 5,448 | Held |
| GE VernovaGEV | 1.0% | $2m | 1,461 | Held |
| AlphabetGOOG | 1.0% | $2m | 4,751 | Held |
| Vertiv HoldingsVRT | 0.9% | $2m | 4,713 | Held |
| Meta PlatformsMETA | 0.9% | $2m | 2,684 | Held |
| Amazon.comAMZN | 0.7% | $1m | 4,800 | Held |
| International Business MachinesIBM | 0.7% | $1m | 3,935 | Held |
| Norfolk SouthernNSC | 0.7% | $1m | 3,500 | Held |
| EatonETN | 0.7% | $1m | 2,563 | Held |
| Palo Alto NetworksPANW | 0.6% | $985,889 | 2,891 | Held |
| ZoetisZTS | 0.6% | $984,338 | 13,698 | -16% |
| SalesforceCRM | 0.6% | $949,203 | 6,059 | Held |
| J P Morgan Exchange Traded FJEPI | 0.5% | $875,440 | 15,500 | Held |
| Taiwan Semiconductor ManufacturingTSM | 0.5% | $869,177 | 1,820 | Held |
| Howmet AerospaceHWM | 0.5% | $840,188 | 3,125 | Held |
| DanaherDHR | 0.4% | $697,157 | 3,660 | Held |
| Intuitive SurgicalISRG | 0.4% | $620,381 | 1,560 | Held |
| United RentalsURI | 0.4% | $591,369 | 522 | Held |
| Union PacificUNP | 0.3% | $564,400 | 2,075 | Held |
| CrowdStrike HoldingsCRWD | 0.3% | $438,806 | 575 | Held |
| SnowflakeSNOW | 0.2% | $362,662 | 1,425 | Held |
| PNC Financial Services GroupPNC | 0.2% | $344,708 | 1,400 | Held |
| AbbVieABBV | 0.2% | $344,244 | 1,368 | Held |
| Berkshire HathawayBRK-B | 0.2% | $325,254 | 650 | Held |
| OracleORCL | 0.2% | $324,901 | 2,217 | Held |
| First TR Exchange-Traded FDCIBR | 0.2% | $301,537 | 3,356 | -11% |
| Vanguard World FDVGT | 0.2% | $286,848 | 2,400 | Held |
| ASML Holding NVASML | 0.2% | $268,574 | 135 | New |
| BlackRockBLK | 0.1% | $247,121 | 257 | Held |
| JPMorgan ChaseJPM | 0.1% | $230,113 | 703 | -11% |
| NetflixNFLX | 0.1% | $227,623 | 3,188 | Held |
| Select Sector Spdr TRXLI | 0.1% | $222,276 | 1,200 | New |
| Applied MaterialsAMAT | 0.1% | $201,717 | 279 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 11.9% since 31 December 2025.
Where the money is
Technology32.5%
Everyday goods22.9%
Health care9.5%
Media & telecom8.2%
Industrials7.7%
Financial services5.0%
Retail & consumer1.8%
Other12.4%
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.