Patient Capital Management, LLC 13F: Quarter-over-Quarter Portfolio Changes
Patient Capital Management, LLC reported a disclosed portfolio value of approximately $2.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 3.5% quarter on quarter. Over the quarter, the manager initiated 2 new positions, bought more shares in 23 holdings, trimmed 11 holdings, and exited 4 positions.
Patient Capital Management, LLC's top buy was a new stake in Adobe INC (ADBE) , equal to 2.7% of the disclosed portfolio. Its top sell was Mattel INC (MAT) . The manager exited the position completely after it had accounted for 2.1% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ADOBE INC | ADBE | 2.7% | Holders → |
| ISHARES BITCOIN TRUST ETF | IBIT | 1.6% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 23 existing positions where the manager bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| FISERV, INC. | FISV | +1.3% | +273.6% | Holders → |
| COINBASE GLOBAL INC | COIN | +1.2% | +140.6% | Holders → |
| JD.COM INC-ADR | JD | +0.6% | +66.4% | Holders → |
| CHIME FINL INC | CHYM | +0.0% | +41.6% | Holders → |
| META PLATFORMS INC | META | +0.0% | +19.6% | Holders → |
| UNITEDHEALTH GROUP | UNH | +-0.3% | +18.7% | History → |
| AMAZON.COM | AMZN | +0.1% | +16.3% | History → |
| TEMPUS AI INC | TEM | +-0.1% | +15.7% | Holders → |
| ENERGY TRANSFER L P | ET | +1.0% | +15.5% | History → |
| IAC INC. | IAC | +0.4% | +13.7% | History → |
Top SellsQ1 2026
Showing the top 10 sells among 11 existing positions where the manager sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| FIDELITY WISE ORIGIN BITCOIN | FBTC | -1.5% | 54.7% | Holders → |
| BIOGEN INC | BIIB | -1.3% | 34.1% | Holders → |
| DAVE & BUSTERS ENTMT INC | PLAY | -0.6% | 30.8% | Holders → |
| DELTA AIR LINES INC | DAL | -0.5% | 18.8% | Holders → |
| ALPHABET CL A | GOOGL | -1.3% | 8.2% | History → |
| ILLUMINA INC | ILMN | -0.4% | 5.4% | Holders → |
| ONEMAIN HLDGS INC | OMF | -0.6% | 5.3% | Holders → |
| EXPEDIA GROUP INC | EXPE | -0.5% | 4.8% | Holders → |
| PRECIGEN INC | PGEN | -0.4% | 4.6% | Holders → |
| GENERAL MTRS CO | GM | -0.4% | 3.5% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| MATTEL INC | MAT | 2.1% |
| ALIBABA GRP-ADR | BABA | 0.6% |
| PELOTON INTERACTIVE INC | PTON | 0.4% |
| CLEAR SECURE INC | YOU | 0.2% |
Net Portfolio Value ChangeQ1 2026
- $2.6BPrior quarter
- $2.7BCurrent quarter
- +$0.1BNet delta
- +3.5%% change
Methodology & FAQ
How Patient Capital Management, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Patient Capital Management, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Patient Capital Management, LLC buy in Q1 2026?
In Q1 2026, Patient Capital Management, LLC initiated 2 new positions (ADOBE INC (ADBE), ISHARES BITCOIN TRUST ETF (IBIT)); bought more shares of FISERV, INC. (FISV), COINBASE GLOBAL INC (COIN), JD.COM INC-ADR (JD), CHIME FINL INC (CHYM), META PLATFORMS INC (META) — the largest 5 of 23 adds.
What stocks did Patient Capital Management, LLC sell in Q1 2026?
In Q1 2026, Patient Capital Management, LLC fully sold 4 positions (MATTEL INC (MAT), ALIBABA GRP-ADR (BABA), PELOTON INTERACTIVE INC (PTON), CLEAR SECURE INC (YOU)); reduced holdings in FIDELITY WISE ORIGIN BITCOIN (FBTC), BIOGEN INC (BIIB), DAVE & BUSTERS ENTMT INC (PLAY), DELTA AIR LINES INC (DAL), ALPHABET CL A (GOOGL) — the largest 5 of 11 reductions.
Which positions did Patient Capital Management, LLC initiate in Q1 2026?
Patient Capital Management, LLC established 2 new positions in Q1 2026: ADOBE INC (ADBE, 2.7%), ISHARES BITCOIN TRUST ETF (IBIT, 1.6%).
Which existing positions saw the largest allocation increases for Patient Capital Management, LLC in Q1 2026?
Of 23 existing positions with share-count increases in Q1 2026, the largest were: FISERV, INC. (FISV, +1.3% weight, +273.6% shares), COINBASE GLOBAL INC (COIN, +1.2% weight, +140.6% shares), JD.COM INC-ADR (JD, +0.6% weight, +66.4% shares), CHIME FINL INC (CHYM, +0.0% weight, +41.6% shares), META PLATFORMS INC (META, +0.0% weight, +19.6% shares), UNITEDHEALTH GROUP (UNH, +-0.3% weight, +18.7% shares), AMAZON.COM (AMZN, +0.1% weight, +16.3% shares), TEMPUS AI INC (TEM, +-0.1% weight, +15.7% shares), ENERGY TRANSFER L P (ET, +1.0% weight, +15.5% shares), IAC INC. (IAC, +0.4% weight, +13.7% shares).
Which positions did Patient Capital Management, LLC fully exit in Q1 2026?
Patient Capital Management, LLC fully exited 4 positions in Q1 2026: MATTEL INC (MAT, last-reported weight 2.1%), ALIBABA GRP-ADR (BABA, last-reported weight 0.6%), PELOTON INTERACTIVE INC (PTON, last-reported weight 0.4%), CLEAR SECURE INC (YOU, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for Patient Capital Management, LLC in Q1 2026?
Of 11 existing positions with share-count reductions in Q1 2026, the largest were: FIDELITY WISE ORIGIN BITCOIN (FBTC, -1.5% weight, -54.7% shares), BIOGEN INC (BIIB, -1.3% weight, -34.1% shares), DAVE & BUSTERS ENTMT INC (PLAY, -0.6% weight, -30.8% shares), DELTA AIR LINES INC (DAL, -0.5% weight, -18.8% shares), ALPHABET CL A (GOOGL, -1.3% weight, -8.2% shares), ILLUMINA INC (ILMN, -0.4% weight, -5.4% shares), ONEMAIN HLDGS INC (OMF, -0.6% weight, -5.3% shares), EXPEDIA GROUP INC (EXPE, -0.5% weight, -4.8% shares), PRECIGEN INC (PGEN, -0.4% weight, -4.6% shares), GENERAL MTRS CO (GM, -0.4% weight, -3.5% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.