Patient Capital Management, LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Patient Capital Management, LLC initiated 2 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 4 positions entirely. The fund's 13F equity book grew from $2.59B to $2.68B (+3.5% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $2.59BPrior quarter
- $2.68BCurrent quarter
- + $0.09BNet delta
- +3.5%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| ADOBE INC | ADBE | 2.69% | Holders → |
| ISHARES BITCOIN TRUST ETF | IBIT | 1.58% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| FISERV, INC. | FISV | +1.34% | +273.59% | Holders → |
| COINBASE GLOBAL INC | COIN | +1.24% | +140.55% | Holders → |
| JD.COM INC., CLASS A, ADR | JD | +0.61% | +66.41% | Holders → |
| CHIME FINANCIAL, INC. | CHYM | +0.04% | +41.61% | Holders → |
| META PLATFORMS INC | META | +0.00% | +19.56% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | +-0.28% | +18.69% | History → |
| AMAZON COM INC | AMZN | +0.07% | +16.33% | History → |
| TEMPUS AI INC | TEM | +-0.13% | +15.72% | Holders → |
| ENERGY TRANSFER L P | ET | +1.03% | +15.46% | History → |
| IAC INC. | IAC | +0.45% | +13.71% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| FIDELITY WISE ORIGIN BITCOIN | FBTC | -1.52% | -54.74% | Holders → |
| BIOGEN INC | BIIB | -1.32% | -34.11% | Holders → |
| DAVE & BUSTERS ENTMT INC | PLAY | -0.58% | -30.76% | Holders → |
| DELTA AIR LINES INC DEL | DAL | -0.45% | -18.80% | Holders → |
| ALPHABET INC | GOOGL | -1.30% | -8.19% | History → |
| ILLUMINA INC | ILMN | -0.41% | -5.38% | Holders → |
| ONEMAIN HLDGS INC | OMF | -0.59% | -5.28% | Holders → |
| EXPEDIA GROUP INC | EXPE | -0.48% | -4.82% | Holders → |
| PRECIGEN INC | PGEN | -0.44% | -4.58% | Holders → |
| GENERAL MTRS CO | GM | -0.35% | -3.50% | Holders → |
Exited Positions Q1 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 | 2.14% |
| ALIBABA GROUP HLDG LTD | BABA | 0.57% |
| PELOTON INTERACTIVE INC | PTON | 0.45% |
| CLEAR SECURE INC | YOU | 0.17% |
Methodology & FAQ
How Patient Capital Management, LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Patient Capital Management, LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
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, 2.69%), ISHARES BITCOIN TRUST ETF (IBIT, 1.58%).
Which existing positions saw the largest allocation increases for Patient Capital Management, LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: FISERV, INC. (FISV, +1.34% weight, +273.59% shares), COINBASE GLOBAL INC (COIN, +1.24% weight, +140.55% shares), JD.COM INC., CLASS A, ADR (JD, +0.61% weight, +66.41% shares), CHIME FINANCIAL, INC. (CHYM, +0.04% weight, +41.61% shares), META PLATFORMS INC (META, +0.00% weight, +19.56% shares), UNITEDHEALTH GROUP INC (UNH, +-0.28% weight, +18.69% shares), AMAZON COM INC (AMZN, +0.07% weight, +16.33% shares), TEMPUS AI INC (TEM, +-0.13% weight, +15.72% shares), ENERGY TRANSFER L P (ET, +1.03% weight, +15.46% shares), IAC INC. (IAC, +0.45% weight, +13.71% 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 2.14%), ALIBABA GROUP HLDG LTD (BABA, last-reported weight 0.57%), PELOTON INTERACTIVE INC (PTON, last-reported weight 0.45%), CLEAR SECURE INC (YOU, last-reported weight 0.17%).
Which existing positions saw the largest allocation reductions for Patient Capital Management, LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: FIDELITY WISE ORIGIN BITCOIN (FBTC, -1.52% weight, -54.74% shares), BIOGEN INC (BIIB, -1.32% weight, -34.11% shares), DAVE & BUSTERS ENTMT INC (PLAY, -0.58% weight, -30.76% shares), DELTA AIR LINES INC DEL (DAL, -0.45% weight, -18.80% shares), ALPHABET INC (GOOGL, -1.30% weight, -8.19% shares), ILLUMINA INC (ILMN, -0.41% weight, -5.38% shares), ONEMAIN HLDGS INC (OMF, -0.59% weight, -5.28% shares), EXPEDIA GROUP INC (EXPE, -0.48% weight, -4.82% shares), PRECIGEN INC (PGEN, -0.44% weight, -4.58% shares), GENERAL MTRS CO (GM, -0.35% weight, -3.50% 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.