SurgoCap Partners LP 13F: Quarter-over-Quarter Portfolio Changes
SurgoCap Partners LP reported a disclosed portfolio value of approximately $3.0 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 17.1% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 6 holdings, trimmed 3 holdings, and exited 6 positions.
SurgoCap Partners LP's top buy was a new stake in Medline INC (MDLN) , equal to 9.0% of the disclosed portfolio. Its top sell was Blackstone (BX) . The fund exited the position completely after it had accounted for 8.9% 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 |
|---|---|---|---|
| MEDLINE INC | MDLN | 9.0% | History → |
| CORNING INC | GLW | 3.9% | History → |
| VISA | V | 2.9% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| NVIDIA CORPORATION COM | NVDA | +2.7% | +61.9% | History → |
| SHOPIFY INC | SHOP | +0.5% | +48.1% | Holders → |
| INTUITIVE SURGICAL INC | ISRG | +1.0% | +26.7% | History → |
| ALPHABET CL C | GOOG | +3.4% | +19.1% | History → |
| CARPENTER TECHNOLOGY CORP | CRS | +5.7% | +3.8% | History → |
| LPL FINL HLDGS INC | LPLA | +0.4% | +2.6% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| MCKESSON CORP | MCK | 0.6% | 16.8% | History → |
| NU HOLDINGS LTD | NU | -0.1% | 6.2% | History → |
| TAIWAN SEMIC-ADR | TSM | 3.2% | 0.1% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| BLACKSTONE | BX | 8.9% |
| BOSTON SCIENTIFIC CORP | BSX | 6.8% |
| BROADCOM | AVGO | 6.4% |
| HILTON WORLDWIDE HLDGS INC | HLT | 4.0% |
| GUIDEWIRE SOFTWARE INC | GWRE | 4.0% |
| ARMSTRONG WORLD INDS INC NEW | AWI | 2.0% |
Net Portfolio Value ChangeQ1 2026
- $3.6BPrior quarter
- $3.0BCurrent quarter
- $-0.6BNet delta
- -17.1%% change
Methodology & FAQ
How SurgoCap Partners LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for SurgoCap Partners LP: 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 SurgoCap Partners LP buy in Q1 2026?
In Q1 2026, SurgoCap Partners LP initiated 3 new positions (MEDLINE INC (MDLN), CORNING INC (GLW), VISA (V)); bought more shares of NVIDIA CORPORATION COM (NVDA), SHOPIFY INC (SHOP), INTUITIVE SURGICAL INC (ISRG), ALPHABET CL C (GOOG), CARPENTER TECHNOLOGY CORP (CRS) — the largest 5 of 6 adds.
What stocks did SurgoCap Partners LP sell in Q1 2026?
In Q1 2026, SurgoCap Partners LP fully sold 6 positions (BLACKSTONE (BX), BOSTON SCIENTIFIC CORP (BSX), BROADCOM (AVGO), HILTON WORLDWIDE HLDGS INC (HLT), GUIDEWIRE SOFTWARE INC (GWRE), ARMSTRONG WORLD INDS INC NEW (AWI)); reduced holdings in MCKESSON CORP (MCK), NU HOLDINGS LTD (NU), TAIWAN SEMIC-ADR (TSM).
Which positions did SurgoCap Partners LP initiate in Q1 2026?
SurgoCap Partners LP established 3 new positions in Q1 2026: MEDLINE INC (MDLN, 9.0%), CORNING INC (GLW, 3.9%), VISA (V, 2.9%).
Which existing positions saw the largest allocation increases for SurgoCap Partners LP in Q1 2026?
Of 6 existing positions with share-count increases in Q1 2026, the largest were: NVIDIA CORPORATION COM (NVDA, +2.7% weight, +61.9% shares), SHOPIFY INC (SHOP, +0.5% weight, +48.1% shares), INTUITIVE SURGICAL INC (ISRG, +1.0% weight, +26.7% shares), ALPHABET CL C (GOOG, +3.4% weight, +19.1% shares), CARPENTER TECHNOLOGY CORP (CRS, +5.7% weight, +3.8% shares), LPL FINL HLDGS INC (LPLA, +0.4% weight, +2.6% shares).
Which positions did SurgoCap Partners LP fully exit in Q1 2026?
SurgoCap Partners LP fully exited 6 positions in Q1 2026: BLACKSTONE (BX, last-reported weight 8.9%), BOSTON SCIENTIFIC CORP (BSX, last-reported weight 6.8%), BROADCOM (AVGO, last-reported weight 6.4%), HILTON WORLDWIDE HLDGS INC (HLT, last-reported weight 4.0%), GUIDEWIRE SOFTWARE INC (GWRE, last-reported weight 4.0%), ARMSTRONG WORLD INDS INC NEW (AWI, last-reported weight 2.0%).
Which existing positions saw the largest allocation reductions for SurgoCap Partners LP in Q1 2026?
Of 3 existing positions with share-count reductions in Q1 2026, the largest were: MCKESSON CORP (MCK, 0.6% weight, -16.8% shares), NU HOLDINGS LTD (NU, -0.1% weight, -6.2% shares), TAIWAN SEMIC-ADR (TSM, 3.2% weight, -0.1% 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.