# Cipher Capital LP

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1542420. Source: https://holderbook.com/funds/1542420-cipher-capital-lp/

- Reported value: $216.1M
- Positions: 411
- Weight of the ten largest: 10.5%
- Filed: 2024-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.7M | 21,352 | 1.7% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.5M | 11,880 | 1.1% | 7 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $2.3M | 13,514 | 1.1% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.3M | 11,178 | 1.1% | 1 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $2.2M | 74,193 | 1.0% | 6 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $2.2M | 30,461 | 1.0% | 3 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $2.0M | 13,656 | 0.9% | 4 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $1.9M | 11,825 | 0.9% | 2 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $1.9M | 23,328 | 0.9% | 1 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $1.8M | 30,838 | 0.8% | 2 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.7M | 13,283 | 0.8% | 4 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.7M | 26,346 | 0.8% | 5 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.6M | 9,389 | 0.8% | 2 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.6M | 4,859 | 0.7% | 3 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $1.6M | 1,659 | 0.7% | 1 |
| MAGNOLIA OIL & GAS CORP | [MGY](https://holderbook.com/stocks/MGY/) | $1.6M | 61,103 | 0.7% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.5M | 3,206 | 0.7% | 2 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $1.5M | 19,465 | 0.7% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.5M | 1,679 | 0.7% | 6 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $1.5M | 10,340 | 0.7% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 7,335 | 0.6% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 3,353 | 0.6% | 5 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $1.3M | 50,730 | 0.6% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.3M | 1,813 | 0.6% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $1.2M | 4,600 | 0.6% | 1 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $1.2M | 11,696 | 0.6% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $1.2M | 11,525 | 0.6% | 6 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.2M | 3,477 | 0.6% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.2M | 332 | 0.6% | 6 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $1.2M | 13,333 | 0.5% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.1M | 1,832 | 0.5% | 3 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $1.1M | 20,331 | 0.5% | 2 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $1.1M | 4,926 | 0.5% | 3 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $1.1M | 11,835 | 0.5% | 1 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $1.1M | 23,141 | 0.5% | 1 |
| WERNER ENTERPRISES INC | [WERN](https://holderbook.com/stocks/WERN/) | $1.0M | 26,734 | 0.5% | 1 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $1.0M | 14,735 | 0.5% | 2 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $991.2K | 5,096 | 0.5% | 6 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $978.6K | 10,535 | 0.5% | 1 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $957.8K | 2,437 | 0.4% | 3 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $950.3K | 6,166 | 0.4% | 2 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $941.8K | 14,633 | 0.4% | 3 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $941.4K | 3,464 | 0.4% | 1 |
| PROGRESS SOFTWARE CORP | [PRGS](https://holderbook.com/stocks/PRGS/) | $936.4K | 17,565 | 0.4% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $935.0K | 10,048 | 0.4% | 1 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $934.6K | 9,264 | 0.4% | 3 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $933.8K | 5,270 | 0.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $930.6K | 5,159 | 0.4% | 6 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $924.6K | 7,843 | 0.4% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $920.3K | 1,642 | 0.4% | 3 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $916.1K | 13,796 | 0.4% | 1 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $911.8K | 16,700 | 0.4% | 3 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $909.5K | 7,325 | 0.4% | 4 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $887.9K | 6,643 | 0.4% | 5 |
| HOWARD HUGHES HOLDINGS INC | [HHH](https://holderbook.com/stocks/HHH/) | $862.6K | 11,878 | 0.4% | 1 |
| FULLER H B CO | [FUL](https://holderbook.com/stocks/FUL/) | $852.0K | 10,685 | 0.4% | 2 |
| VERIS RESIDENTIAL INC | [VRE](https://holderbook.com/stocks/VRE/) | $846.2K | 55,633 | 0.4% | 3 |
| MUELLER WTR PRODS INC | [MWA](https://holderbook.com/stocks/MWA/) | $844.4K | 52,479 | 0.4% | 1 |
| METTLER TOLEDO INTERNATIONAL | [MTD](https://holderbook.com/stocks/MTD/) | $844.0K | 634 | 0.4% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $841.9K | 4,178 | 0.4% | 3 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $840.9K | 10,660 | 0.4% | 5 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $839.1K | 3,872 | 0.4% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $833.9K | 2,933 | 0.4% | 4 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $831.2K | 11,216 | 0.4% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $828.7K | 12,967 | 0.4% | 6 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $816.5K | 6,681 | 0.4% | 3 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $811.6K | 31,178 | 0.4% | 1 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $810.1K | 51,237 | 0.4% | 1 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $807.8K | 3,752 | 0.4% | 4 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $806.5K | 15,004 | 0.4% | 2 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $803.3K | 17,085 | 0.4% | 3 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $795.9K | 18,622 | 0.4% | 4 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $788.7K | 21,799 | 0.4% | 3 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $785.3K | 20,147 | 0.4% | 1 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $780.8K | 22,703 | 0.4% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $779.3K | 11,633 | 0.4% | 7 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $778.3K | 19,927 | 0.4% | 1 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $769.5K | 95 | 0.4% | 3 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $759.1K | 21,016 | 0.4% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $745.8K | 9,646 | 0.3% | 1 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $741.6K | 2,139 | 0.3% | 2 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $738.5K | 4,410 | 0.3% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $727.0K | 3,193 | 0.3% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $719.0K | 6,779 | 0.3% | 1 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $713.8K | 6,001 | 0.3% | 2 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $708.6K | 32,683 | 0.3% | 3 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $704.9K | 1,026 | 0.3% | 3 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $704.7K | 15,518 | 0.3% | 3 |
| HOLOGIC INC | [HOLX](https://holderbook.com/stocks/HOLX/) | $703.4K | 9,022 | 0.3% | 2 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $700.1K | 2,269 | 0.3% | 1 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $697.1K | 3,403 | 0.3% | 1 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $690.3K | 1,242 | 0.3% | 2 |
| PAYCOM SOFTWARE INC | [PAYC](https://holderbook.com/stocks/PAYC/) | $689.8K | 3,466 | 0.3% | 2 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $686.7K | 37,445 | 0.3% | 3 |
| MURPHY OIL CORP | [MUR](https://holderbook.com/stocks/MUR/) | $686.4K | 15,019 | 0.3% | 5 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $685.2K | 5,620 | 0.3% | 2 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $681.4K | 1,262 | 0.3% | 4 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $680.3K | 3,955 | 0.3% | 1 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $679.1K | 2,655 | 0.3% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $678.2K | 7,421 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +7.0% | +10.0% | -3.1% | 100% |
| Q4 2023 | +11.6% | +11.2% | +0.4% | 100% |
| Q3 2023 | -5.1% | -3.6% | -1.5% | 100% |
| Q2 2023 | +3.8% | +8.3% | -4.5% | 100% |
| Q1 2023 | +5.9% | +7.0% | -1.2% | 100% |
| Q4 2022 | +9.4% | +7.1% | +2.3% | 100% |
| Q3 2022 | -4.7% | -5.3% | +0.6% | 100% |
| Q3 2021 | -1.0% | +0.3% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $216.1M | 411 |
| Q4 2023 | $308.7M | 483 |
| Q3 2023 | $141.0M | 291 |
| Q2 2023 | $585.1M | 489 |
| Q1 2023 | $541.6M | 487 |
| Q4 2022 | $530.0M | 465 |
| Q3 2022 | $616.3M | 415 |
| Q2 2022 | $442.4M | 369 |
| Q2 2021 | $181.3M | 284 |
| Q1 2021 | $854.4M | 486 |
| Q4 2020 | $829.6M | 450 |
| Q3 2020 | $759.7M | 453 |