1y return+25.2%S&P 500 +20.9%
3y return+74.9%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $148 against $157 in the S&P 500.2
Patient Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Royalty Pharma PLCCUSIP G7709Q104 | $201.8M | 6.7% | −1.2% |
| CCitigroup Inc | $196.4M | 6.5% | |
| GOOGLAlphabet Inc | $187.9M | 6.2% | −1.5% |
| UNHUnitedhealth Group Inc | $182.0M | 6.0% | |
| AMZNAmazon Com Inc | $162.3M | 5.4% | +4.1% |
| NVDANvidia Corporation | $142.0M | 4.7% | |
| CVSCvs Health Corp | $127.8M | 4.2% | −9.0% |
| Norwegian Cruise Line HldgsCUSIP G66721104 | $127.3M | 4.2% | +4.9% |
| QXOQxo Inc | $123.3M | 4.1% | +5.3% |
| ETEnergy Transfer L P | $116.3M | 3.9% | |
| PPLIPeople Inc | $112.0M | 3.7% | −10.2% |
| PGENPrecigen Inc | $108.5M | 3.6% | +6.8% |
| UALUnited Airls Hldgs Inc | $99.5M | 3.3% | |
| CROXCrocs Inc | $96.4M | 3.2% | −5.2% |
| METAMeta Platforms Inc | $96.2M | 3.2% | |
| CHYMChime Finl Inc | $83.6M | 2.8% | +41.7% |
| ADBEAdobe Inc | $74.0M | 2.5% | +21.5% |
| Seadrill LtdCUSIP G7997W102 | $73.9M | 2.5% | −9.3% |
| GPNGlobal Pmts Inc | $68.4M | 2.3% | New |
| COINCoinbase Global Inc | $67.5M | 2.2% | +7.3% |
| FBTCFidelity Wise Origin Bitcoin | $62.2M | 2.1% | +244.1% |
| BIIBBiogen Inc | $61.3M | 2.0% | −25.3% |
| ILMNIllumina Inc | $60.7M | 2.0% | −36.6% |
| GMGeneral Mtrs Co | $48.7M | 1.6% | −15.2% |
| Ubs Group AgCUSIP H42097107 | $47.3M | 1.6% | −23.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| UALUnited Airls Hldgs Inc | June 30, 2022 | +283.9% | $99.5M |
| EXPEExpedia Group Inc | June 30, 2022 | +169.8% | $42.9M |
| CCitigroup Inc | March 31, 2022 | +162.1% | $196.4M |
| GOOGLAlphabet Inc | December 31, 2021 | +146.7% | $187.9M |
| DALDelta Air Lines Inc | December 31, 2021 | +139.7% | $40.4M |
| ETEnergy Transfer L P | December 31, 2021 | +132.3% | $116.3M |
| Ubs Group AgCUSIP H42097107 | March 31, 2023 | +132.2% | $47.3M |
| NVDANvidia Corporation | March 31, 2024 | +121.4% | $142.0M |
| JPMJpmorgan Chase & Co | December 31, 2021 | +106.7% | $9.6M |
| Royalty Pharma PLCCUSIP G7709Q104 | December 31, 2023 | +99.6% | $201.8M |
Sold off last quarter
- IBITIshares Bitcoin Trust Etf was $42.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.1% | +14.8% |
| March 31, 2026 | −5.6% | −4.6% |
| December 31, 2025 | +5.5% | +2.4% |
| September 30, 2025 | +10.2% | +7.8% |
| June 30, 2025 | +14.3% | +10.5% |
| March 31, 2025 | −9.3% | −4.6% |
| December 31, 2024 | +8.9% | +2.1% |
| September 30, 2024 | +3.5% | +5.4% |
| June 30, 2024 | −1.8% | +4.0% |
| March 31, 2024 | +10.1% | +10.0% |
| December 31, 2023 | +15.8% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +11.2% | +8.3% |
| March 31, 2023 | +9.3% | +7.0% |
| December 31, 2022 | +3.0% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −25.3% | −16.5% |
| March 31, 2022 | −4.7% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Patient Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1854794&type=13F-HR&dateb=&owner=include&count=40CIK 1854794
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1854794/000185479426000005/Filed August 13, 2026 · accession 0001854794-26-000005