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Lagoda Investment Management, L.P.

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13F filer, CIK 1632108, NEW YORK, NY

Lagoda Investment Management, L.P. reported $172,694,843 across 25 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 76.09% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001493152-26-007087

Period
2025-12-31
Reported value
$173M
Holdings
25
Top 10 weight
76.09%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TPLadded+70,129$20.1M
SNPSnew+8,752$4.11M
GHnew+31,505$3.22M
BABAnew+5,508$807K
GOOGadded+2,035$639K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NTRAreduced-4,990-$1.14M
ARMreduced-10,235-$1.12M
UIreduced-1,795-$993K
TSMreduced-1,625-$494K
XPOreduced-3,285-$446K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001493152-26-007087, largest first. % of portfolio is the value over $172,694,843, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TPLTEXAS PACIFIC LAND CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,302 shares; 2024Q4: 34,293 shares; 2025Q1: 33,694 shares; 2025Q2: 33,787 shares; 2025Q3: 34,092 shares; 2025Q4: 104,221 shares 104,221$29.9M17.33%+70,129Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 114,135 shares; 2024Q4: 97,163 shares; 2025Q1: 93,300 shares; 2025Q2: 84,250 shares; 2025Q3: 84,340 shares; 2025Q4: 79,350 shares 79,350$18.2M10.53%-4,990Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,310 shares; 2024Q4: 54,784 shares; 2025Q1: 54,277 shares; 2025Q2: 41,510 shares; 2025Q3: 44,040 shares; 2025Q4: 46,075 shares 46,075$14.5M8.37%+2,035Timeline
TMDXTRANSMEDICS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,305 shares; 2024Q4: 73,860 shares; 2025Q1: 101,810 shares; 2025Q2: 104,435 shares; 2025Q3: 108,060 shares; 2025Q4: 104,800 shares 104,800$12.7M7.38%-3,260Timeline
STXSSTEREOTAXIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,830,435 shares; 2024Q4: 4,126,135 shares; 2025Q1: 4,380,450 shares; 2025Q2: 4,687,900 shares; 2025Q3: 4,707,400 shares; 2025Q4: 4,861,200 shares 4,861,200$11.2M6.47%+153,800Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,765 shares; 2024Q4: 35,637 shares; 2025Q1: 36,167 shares; 2025Q2: 32,570 shares; 2025Q3: 33,255 shares; 2025Q4: 31,630 shares 31,630$9.61M5.57%-1,625Timeline
XPOXPO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,145 shares; 2024Q4: 76,825 shares; 2025Q1: 75,455 shares; 2025Q2: 76,625 shares; 2025Q3: 71,950 shares; 2025Q4: 68,665 shares 68,665$9.33M5.4%-3,285Timeline
TRUPTRUPANION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,745 shares; 2024Q4: 263,920 shares; 2025Q1: 264,995 shares; 2025Q2: 262,845 shares; 2025Q3: 260,115 shares; 2025Q4: 249,275 shares 249,275$9.32M5.39%-10,840Timeline
PTCPTC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,725 shares; 2024Q4: 55,980 shares; 2025Q1: 55,533 shares; 2025Q2: 53,970 shares; 2025Q3: 51,145 shares; 2025Q4: 50,510 shares 50,510$8.8M5.1%-635Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,505 shares; 2024Q4: 136,315 shares; 2025Q1: 140,140 shares; 2025Q2: 137,560 shares; 2025Q3: 148,930 shares; 2025Q4: 149,095 shares 149,095$7.85M4.54%+165Timeline
RNRRENAISSANCERE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,455 shares; 2024Q4: 25,000 shares; 2025Q1: 26,045 shares; 2025Q2: 26,900 shares; 2025Q3: 26,790 shares; 2025Q4: 26,215 shares 26,215$7.37M4.27%-575Timeline
UIUBIQUITI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,917 shares; 2024Q4: 21,365 shares; 2025Q1: 20,790 shares; 2025Q2: 19,340 shares; 2025Q3: 13,615 shares; 2025Q4: 11,820 shares 11,820$6.54M3.79%-1,795Timeline
DMRCDIGIMARC CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 588,525 shares; 2024Q4: 628,275 shares; 2025Q1: 693,675 shares; 2025Q2: 743,425 shares; 2025Q3: 761,345 shares; 2025Q4: 694,445 shares 694,445$4.56M2.64%-66,900Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,752 shares 8,752$4.11M2.38%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,694 shares; 2024Q4: 3,954 shares; 2025Q1: 4,324 shares; 2025Q2: 5,804 shares; 2025Q3: 5,804 shares; 2025Q4: 5,804 shares 5,804$3.31M1.92%0Timeline
GHGUARDANT HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 31,505 shares 31,505$3.22M1.86%newTimeline
ARMARM HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,125 shares; 2025Q3: 38,670 shares; 2025Q4: 28,435 shares 28,435$3.11M1.8%-10,235Timeline
VNRXVOLITIONRX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,095,000 shares; 2024Q4: 7,576,000 shares; 2025Q1: 10,194,000 shares; 2025Q2: 11,705,000 shares; 2025Q3: 12,487,000 shares; 2025Q4: 11,463,603 shares 11,463,603$2.93M1.7%-1,023,397Timeline
HEIHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,885 shares; 2024Q4: 6,550 shares; 2025Q1: 5,830 shares; 2025Q2: 6,452 shares; 2025Q3: 6,210 shares; 2025Q4: 6,265 shares 6,265$2.03M1.17%+55Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,065 shares; 2024Q4: 2,065 shares; 2025Q1: 2,065 shares; 2025Q2: 1,890 shares; 2025Q3: 3,960 shares; 2025Q4: 3,870 shares 3,870$1.95M1.13%-90Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 5,508 shares 5,508$807K0.47%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,275 shares; 2024Q4: 1,275 shares; 2025Q1: 1,275 shares; 2025Q2: 1,275 shares; 2025Q3: 1,125 shares; 2025Q4: 1,125 shares 1,125$544K0.32%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,315 shares; 2024Q4: 1,480 shares; 2025Q1: 1,505 shares; 2025Q2: 1,505 shares; 2025Q3: 1,505 shares; 2025Q4: 1,505 shares 1,505$471K0.27%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 650 shares; 2024Q4: 650 shares; 2025Q1: 650 shares; 2025Q2: 700 shares; 2025Q3: 650 shares; 2025Q4: 650 shares 650$258K0.15%0Timeline
RIVNRIVIAN AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,000 shares; 2024Q4: 4,000 shares; 2025Q1: 4,800 shares; 2025Q2: 5,000 shares; 2025Q3: 4,400 shares; 2025Q4: 4,400 shares 4,400$86.7K0.05%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ABTABBOTT LABORATORIES160$21.4Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001493152-26-007087 base2026-02-17acceptance time not in the bulk data set