# Patient Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1854794. Source: https://holderbook.com/funds/1854794-patient-capital-management-llc/

- Reported value: $3.1B
- Positions: 40
- Weight of the ten largest: 51.4%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $201.8M | 3,598,808 | 6.6% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $196.4M | 1,403,477 | 6.4% | 18 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $187.9M | 525,750 | 6.2% | 19 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $182.0M | 437,773 | 6.0% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $162.3M | 681,047 | 5.3% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $142.0M | 709,587 | 4.7% | 10 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $127.8M | 1,235,505 | 4.2% | 12 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $127.3M | 6,029,642 | 4.2% | 19 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $123.3M | 7,136,669 | 4.0% | 8 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $116.3M | 6,080,678 | 3.8% | 19 |
| PEOPLE INC | [PPLI](https://holderbook.com/stocks/PPLI/) | $112.0M | 2,425,558 | 3.7% | 13 |
| PRECIGEN INC | [PGEN](https://holderbook.com/stocks/PGEN/) | $108.5M | 19,036,976 | 3.6% | 19 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $99.5M | 731,523 | 3.3% | 17 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $96.4M | 799,426 | 3.2% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $96.2M | 170,790 | 3.2% | 19 |
| CHIME FINL INC | [CHYM](https://holderbook.com/stocks/CHYM/) | $83.6M | 4,082,489 | 2.7% | 3 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $74.0M | 361,126 | 2.4% | 2 |
| SEADRILL LTD | [SDRL](https://holderbook.com/stocks/SDRL/) | $73.9M | 1,953,355 | 2.4% | 11 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $68.4M | 942,310 | 2.2% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $67.5M | 462,016 | 2.2% | 19 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $62.2M | 1,217,595 | 2.0% | 10 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $61.3M | 283,697 | 2.0% | 10 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $60.7M | 345,314 | 2.0% | 11 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $48.7M | 631,558 | 1.6% | 19 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $47.3M | 953,734 | 1.5% | 14 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $46.8M | 953,637 | 1.5% | 3 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $42.9M | 167,814 | 1.4% | 17 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $42.8M | 702,369 | 1.4% | 19 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $40.9M | 0 | 1.3% | 2 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $40.4M | 431,215 | 1.3% | 19 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $35.1M | 1,377,719 | 1.2% | 7 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $27.0M | 1,505,629 | 0.9% | 19 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $23.2M | 400,698 | 0.8% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.6M | 29,360 | 0.3% | 19 |
| GENIUS SPORTS LIMITED | [GENI](https://holderbook.com/stocks/GENI/) | $4.9M | 812,819 | 0.2% | 1 |
| NOBLE CORP PLC | [NE](https://holderbook.com/stocks/NE/) | $3.7M | 100,000 | 0.1% | 5 |
| DAVE & BUSTERS ENTMT INC | [PLAY](https://holderbook.com/stocks/PLAY/) | $2.3M | 204,022 | 0.1% | 8 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $1.6M | 50,000 | 0.1% | 7 |
| LENNAR CORP | [LENB](https://holderbook.com/stocks/LENB/) | $1.1M | 12,500 | 0.0% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $791.6K | 1,060 | 0.0% | 4 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +14.1% | +14.8% | -0.8% | 100% |
| Q1 2026 | -5.6% | -4.6% | -1.0% | 100% |
| Q4 2025 | +5.5% | +2.4% | +3.2% | 100% |
| Q3 2025 | +10.2% | +7.8% | +2.3% | 100% |
| Q2 2025 | +14.3% | +10.5% | +3.8% | 100% |
| Q1 2025 | -9.3% | -4.6% | -4.7% | 100% |
| Q4 2024 | +8.9% | +2.1% | +6.8% | 100% |
| Q3 2024 | +3.5% | +5.4% | -2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.1B | 40 |
| Q1 2026 | $2.7B | 40 |
| Q4 2025 | $2.6B | 40 |
| Q3 2025 | $2.5B | 41 |
| Q2 2025 | $2.2B | 40 |
| Q1 2025 | $1.9B | 39 |
| Q4 2024 | $2.2B | 43 |
| Q3 2024 | $2.0B | 41 |
| Q2 2024 | $1.9B | 40 |
| Q1 2024 | $2.1B | 42 |
| Q4 2023 | $1.9B | 43 |
| Q3 2023 | $1.7B | 42 |