# PINCUS CAPITAL MANAGEMENT, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2109652. Source: https://holderbook.com/funds/2109652-pincus-capital-management-lp/

- Reported value: $167.7M
- Positions: 52
- Weight of the ten largest: 71.4%
- Filed: 2026-07-31

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 |
|---|---|---|---|---|---|
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $34.8M | 237,023 | 20.7% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $19.6M | 67,634 | 11.7% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $18.6M | 42,937 | 11.1% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $11.7M | 15,896 | 7.0% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.4M | 29,108 | 6.2% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.6M | 17,757 | 3.9% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.5M | 42,496 | 3.3% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.9M | 6,536 | 2.9% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.2M | 12,148 | 2.5% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.6M | 3,825 | 2.1% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.0M | 2,521 | 1.8% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.0M | 25,550 | 1.8% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.8M | 5,580 | 1.7% | 3 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.7M | 3,690 | 1.6% | 3 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.6M | 3,695 | 1.5% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.5M | 6,750 | 1.5% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.3M | 6,009 | 1.4% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 10,936 | 1.3% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 7,649 | 1.2% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.9M | 5,448 | 1.1% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.7M | 1,461 | 1.0% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,751 | 1.0% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $1.6M | 4,713 | 0.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.5M | 2,684 | 0.9% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.1M | 4,800 | 0.7% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.1M | 3,935 | 0.7% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.1M | 3,500 | 0.7% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.1M | 2,563 | 0.7% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $985.9K | 2,891 | 0.6% | 3 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $984.3K | 13,698 | 0.6% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $949.2K | 6,059 | 0.6% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $875.4K | 15,500 | 0.5% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $869.2K | 1,820 | 0.5% | 3 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $840.2K | 3,125 | 0.5% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $697.2K | 3,660 | 0.4% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $620.4K | 1,560 | 0.4% | 3 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $591.4K | 522 | 0.4% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $564.4K | 2,075 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $438.8K | 575 | 0.3% | 3 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $362.7K | 1,425 | 0.2% | 3 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $344.7K | 1,400 | 0.2% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $344.2K | 1,368 | 0.2% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $325.3K | 650 | 0.2% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $324.9K | 2,217 | 0.2% | 3 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $301.5K | 3,356 | 0.2% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $286.8K | 2,400 | 0.2% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $268.6K | 135 | 0.2% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $247.1K | 257 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $230.1K | 703 | 0.1% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $227.6K | 3,188 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $222.3K | 1,200 | 0.1% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $201.7K | 279 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2026 | +16.6% | +14.8% | +1.8% | 100% |
| Q1 2026 | -3.5% | -4.6% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $167.7M | 52 |
| Q1 2026 | $143.6M | 50 |
| Q4 2025 | $149.8M | 51 |