# Entropy Technologies, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1976151. Source: https://holderbook.com/funds/1976151-entropy-technologies-lp/

- Reported value: $2.5B
- Positions: 929
- Weight of the ten largest: 7.6%
- 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 |
|---|---|---|---|---|---|
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $19.1M | 37,576 | 0.8% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $19.1M | 37,122 | 0.8% | 3 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $19.1M | 55,371 | 0.8% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $19.0M | 182,378 | 0.8% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $18.9M | 229,295 | 0.8% | 1 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $18.9M | 94,438 | 0.8% | 2 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $18.9M | 25,067 | 0.8% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $18.9M | 139,825 | 0.8% | 2 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $18.9M | 389,171 | 0.8% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $18.9M | 47,513 | 0.8% | 1 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $18.6M | 372,477 | 0.7% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $18.2M | 69,622 | 0.7% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $18.1M | 41,853 | 0.7% | 1 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $17.9M | 757,176 | 0.7% | 6 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $17.1M | 414,797 | 0.7% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $16.2M | 64,317 | 0.6% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $16.2M | 47,809 | 0.6% | 3 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $16.1M | 73,092 | 0.6% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $16.0M | 375,251 | 0.6% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $15.9M | 108,499 | 0.6% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $15.4M | 21,367 | 0.6% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $15.3M | 15,636 | 0.6% | 3 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $15.3M | 71,712 | 0.6% | 4 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $15.2M | 7,645 | 0.6% | 3 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $14.1M | 28,706 | 0.6% | 1 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $13.9M | 62,348 | 0.6% | 1 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $13.6M | 95,328 | 0.5% | 1 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $13.6M | 496,472 | 0.5% | 6 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $13.6M | 13,010 | 0.5% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $13.3M | 13,827 | 0.5% | 11 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $13.3M | 390,928 | 0.5% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.3M | 11,052 | 0.5% | 2 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $13.2M | 137,787 | 0.5% | 3 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $13.1M | 106,066 | 0.5% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $13.0M | 7,682 | 0.5% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $13.0M | 80,354 | 0.5% | 2 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $13.0M | 77,469 | 0.5% | 5 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $12.6M | 448,695 | 0.5% | 3 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $12.6M | 99,958 | 0.5% | 2 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $12.6M | 23,854 | 0.5% | 4 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $12.5M | 81,376 | 0.5% | 2 |
| ALNYLAM PHARMACEUTICALS INC | [ALNY](https://holderbook.com/stocks/ALNY/) | $12.4M | 41,204 | 0.5% | 5 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $12.3M | 131,917 | 0.5% | 3 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $12.3M | 161,625 | 0.5% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $12.2M | 80,437 | 0.5% | 5 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $12.1M | 24,561 | 0.5% | 3 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $11.9M | 99,452 | 0.5% | 1 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $11.7M | 221,868 | 0.5% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $11.6M | 12,056 | 0.5% | 3 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $11.4M | 146,446 | 0.5% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $11.3M | 128,364 | 0.4% | 1 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $11.3M | 847,895 | 0.4% | 2 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $11.2M | 84,532 | 0.4% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $10.7M | 53,691 | 0.4% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $10.7M | 76,560 | 0.4% | 1 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $10.5M | 57,493 | 0.4% | 1 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $10.5M | 97,667 | 0.4% | 6 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $9.8M | 36,119 | 0.4% | 3 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $9.7M | 53,123 | 0.4% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $9.6M | 54,089 | 0.4% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $9.6M | 105,540 | 0.4% | 3 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $9.6M | 60,326 | 0.4% | 3 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $9.5M | 104,579 | 0.4% | 1 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $9.5M | 176,315 | 0.4% | 6 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $9.4M | 278,004 | 0.4% | 2 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $9.4M | 36,205 | 0.4% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $9.4M | 19,431 | 0.4% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $9.3M | 101,300 | 0.4% | 2 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $9.0M | 45,851 | 0.4% | 2 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $9.0M | 244,591 | 0.4% | 2 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $9.0M | 112,611 | 0.4% | 4 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $9.0M | 24,548 | 0.4% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $8.9M | 76,686 | 0.4% | 6 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $8.9M | 111,059 | 0.4% | 3 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $8.8M | 31,356 | 0.4% | 3 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $8.8M | 157,961 | 0.3% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.7M | 15,532 | 0.3% | 2 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $8.7M | 518,791 | 0.3% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $8.2M | 16,428 | 0.3% | 1 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $8.2M | 21,119 | 0.3% | 2 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $8.2M | 108,101 | 0.3% | 10 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $8.0M | 80,277 | 0.3% | 1 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $7.9M | 28,468 | 0.3% | 2 |
| FORMFACTOR INC | [FORM](https://holderbook.com/stocks/FORM/) | $7.9M | 49,421 | 0.3% | 4 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $7.9M | 33,292 | 0.3% | 8 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $7.7M | 68,416 | 0.3% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $7.7M | 40,756 | 0.3% | 3 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $7.6M | 8,915 | 0.3% | 6 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $7.6M | 99,464 | 0.3% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $7.5M | 100,064 | 0.3% | 3 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $7.4M | 168,704 | 0.3% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.4M | 7,925 | 0.3% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.3M | 22,416 | 0.3% | 1 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $7.3M | 89,803 | 0.3% | 1 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $7.3M | 44,877 | 0.3% | 2 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $7.1M | 301,442 | 0.3% | 8 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $7.1M | 277,423 | 0.3% | 3 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $7.0M | 18,672 | 0.3% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $6.8M | 26,288 | 0.3% | 8 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $6.8M | 33,302 | 0.3% | 3 |

## 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 | +12.7% | +14.8% | -2.1% | 100% |
| Q1 2026 | +1.2% | -4.6% | +5.9% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +7.7% | +10.5% | -2.8% | 100% |
| Q1 2025 | -3.6% | -4.6% | +1.0% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.1% | 100% |
| Q3 2024 | +7.8% | +5.4% | +2.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.5B | 929 |
| Q1 2026 | $2.2B | 857 |
| Q4 2025 | $1.8B | 849 |
| Q3 2025 | $1.3B | 784 |
| Q2 2025 | $1.3B | 749 |
| Q1 2025 | $1.0B | 682 |
| Q4 2024 | $971.0M | 691 |
| Q3 2024 | $952.5M | 687 |
| Q2 2024 | $925.2M | 641 |
| Q1 2024 | $938.0M | 696 |
| Q4 2023 | $539.5M | 533 |