Patient Capital Management 13F annual report
Patient Capital Management is an investment fund managing more than $1.88 trillion ran by Milton Dodge. There are currently 40 companies in Mr. Dodge’s portfolio. The largest investments include Amazon.com and Alphabet Inc, together worth $232 billion.
$1.88 trillion Assets Under Management (AUM)
As of 7th August 2024, Patient Capital Management’s top holding is 631,697 shares of Amazon.com currently worth over $122 billion and making up 6.5% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Patient Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 601,278 shares of Alphabet Inc worth $110 billion, whose value grew 12.8% in the past six months.
The third-largest holding is Citigroup Inc worth $106 billion and the next is Expedia Inc worth $90.2 billion, with 715,975 shares owned.
Currently, Patient Capital Management's portfolio is worth at least $1.88 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Patient Capital Management
The Patient Capital Management office and employees reside in Baltimore, Maryland. According to the last 13-F report filed with the SEC, Milton Dodge serves as the Chief Compliance Officer at Patient Capital Management.
Recent trades
In the most recent 13F filing, Patient Capital Management revealed that it had opened a new position in
Everi Inc and bought 1,463,253 shares worth $12.3 billion.
This means they effectively own approximately 0.1% of the company.
Everi Inc makes up
3.1%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by 3.4% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
545,233 additional shares.
This makes their stake in NVIDIA Corp total 605,839 shares worth $74.8 billion.
NVIDIA Corp dropped 73.5% in the past year.
On the other hand, there are companies that Patient Capital Management is getting rid of from its portfolio.
Patient Capital Management closed its position in Capital One Finl Corp on 14th August 2024.
It sold the previously owned 252,467 shares for $37.6 billion.
Milton Dodge also disclosed a decreased stake in Amazon.com by approximately 0.1%.
This leaves the value of the investment at $122 billion and 631,697 shares.
One of the largest hedge funds
The two most similar investment funds to Patient Capital Management are Graham Capital Management, L.P. and Invenomic Capital Management L.P.. They manage $1.89 trillion and $1.88 trillion respectively.
Milton Dodge investment strategy
Patient Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 20.8% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
38% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $103 billion.
The complete list of Patient Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Amazon.com Inc. |
1.91%
631,697
|
$122,075,429,000 | 6.48% |
| Alphabet Inc |
0.04%
601,278
|
$109,522,876,000 | 5.82% |
| Citigroup Inc |
6.41%
1,663,110
|
$105,540,967,000 | 5.61% |
| Expedia Group Inc |
1.87%
715,975
|
$90,205,648,000 | 4.79% |
| Energy Transfer L P |
5.59%
5,360,657
|
$86,949,854,000 | 4.62% |
| Meta Platforms Inc |
3.08%
159,925
|
$80,637,518,000 | 4.28% |
| General Mtrs Co |
8.83%
1,639,013
|
$76,148,526,000 | 4.04% |
| OneMain Holdings Inc |
16.61%
1,554,110
|
$75,358,805,000 | 4.00% |
| NVIDIA Corp |
899.64%
605,839
|
$74,845,305,000 | 3.98% |
| IAC Inc |
11.14%
1,597,469
|
$74,841,411,000 | 3.97% |
| Delta Air Lines, Inc. |
30.00%
1,341,503
|
$63,640,886,000 | 3.38% |
| UBS Group AG |
13.29%
2,028,937
|
$59,934,794,000 | 3.18% |
| Biogen Inc |
18.07%
257,269
|
$59,640,080,000 | 3.17% |
| Crocs Inc |
9.44%
379,509
|
$55,385,499,000 | 2.94% |
| Norwegian Cruise Line Hldg L |
17.56%
2,837,008
|
$53,307,378,000 | 2.83% |
| Alibaba Group Hldg Ltd |
14.74%
726,526
|
$52,309,877,000 | 2.78% |
| Kosmos Energy Ltd |
13.01%
9,084,879
|
$50,330,228,000 | 2.67% |
| Canada Goose Holdings Inc |
6.03%
3,884,335
|
$50,224,446,000 | 2.67% |
| United Airls Hldgs Inc |
10.53%
993,482
|
$48,342,834,000 | 2.57% |
| Seadrill 2021 Ltd |
0.81%
907,597
|
$46,741,260,000 | 2.48% |
| CVS Health Corp |
29.19%
739,709
|
$43,687,207,000 | 2.32% |
| Illumina Inc |
69.13%
414,858
|
$43,302,876,000 | 2.30% |
| Mattel, Inc. |
18.97%
2,566,071
|
$41,724,320,000 | 2.22% |
| Travel Plus Leisure Co |
9.05%
899,875
|
$40,476,383,000 | 2.15% |
| Coinbase Global Inc |
17.76%
179,153
|
$39,813,083,000 | 2.11% |
| Capital One Finl Corp |
Closed
252,467
|
$37,589,836,000 | |
| Royalty Pharma plc |
0.32%
1,424,390
|
$37,561,164,000 | 1.99% |
| Jpmorgan Chase Co. |
28.03%
155,979
|
$31,548,411,000 | 1.68% |
| Precigen Inc |
4.13%
18,174,658
|
$28,715,960,000 | 1.53% |
| Fiserv, Inc. |
17.89%
191,690
|
$28,569,434,000 | 1.52% |
| SoFi Technologies, Inc. |
2.25%
3,845,038
|
$25,415,698,000 | 1.35% |
| Western Alliance Bancorp |
14.67%
384,747
|
$24,169,832,000 | 1.28% |
| Chesapeake Energy Corp. |
11.03%
243,237
|
$19,991,643,000 | 1.06% |
| Peloton Interactive Inc |
13.29%
5,320,000
|
$17,981,599,000 | 0.96% |
| Everi Holdings Inc |
Opened
1,463,253
|
$12,291,321,000 | 0.65% |
| Fidelity Wise Origin Bitcoin |
8.51%
102,837
|
$5,394,829,000 | 0.29% |
| Rocket Cos Inc |
Closed
142,791
|
$2,077,609,000 | |
| Uber Technologies Inc |
94.47%
26,183
|
$1,902,947,000 | 0.10% |
| Lennar Corp. |
No change
12,500
|
$1,742,875,000 | 0.09% |
| Teva Pharmaceutical Inds Ltd |
No change
100,000
|
$1,625,000,000 | 0.09% |
| Vontier Corporation |
Closed
30,000
|
$1,360,800,000 | |
| Diamondback Energy Inc |
Closed
3,000
|
$594,510,000 | |
| Brilliant Earth Group Inc |
3.42%
241,445
|
$536,008,000 | 0.03% |
| Spdr Sp 500 Etf Tr |
Opened
738
|
$401,696,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||
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