# HCC Manager LLC

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 1844818. Source: https://holderbook.com/funds/1844818-hcc-manager-llc/

- Reported value: $10.3B
- Positions: 1
- Weight of the ten largest: 100.0%
- Filed: 2026-02-10

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 |
|---|---|---|---|---|---|
| FRACTYL HEALTH INC | [GUTS](https://holderbook.com/stocks/GUTS/) | $10.3B | 4,673,870 | 100.0% | 8 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $10.3B | 1 |
| Q3 2025 | $7.4B | 1 |
| Q2 2025 | $7.6B | 1 |
| Q1 2025 | $5.6B | 1 |
| Q4 2024 | $158.4M | 2 |
| Q3 2024 | $132.0M | 2 |
| Q2 2024 | $174.9M | 2 |
| Q1 2024 | $174.4M | 2 |