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Patient Capital Management, LLC

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13F filer, CIK 1854794, BALTIMORE, MD

Patient Capital Management, LLC reported $2,215,701,190 across 40 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 47.68% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-004963

Period
2025-06-30
Reported value
$2.22B
Holdings
40
Top 10 weight
47.68%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNHnew+191,932$59.9M
TEMnew+388,627$24.7M
NCLHadded+1,118,486$22.7M
NEnew+718,290$19.1M
ANGInew+808,005$12.3M

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
GMreduced-582,010-$28.6M
GOOSreduced-1,969,557-$22M
NFEexited-2,482,800-$20.6M
BIIBreduced-135,139-$17M
MATreduced-847,256-$16.7M

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, Q2 2025

Share positions as resolved from 13F-HR 0001085146-25-004963, largest first. % of portfolio is the value over $2,215,701,190, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,741,847 shares; 2024Q4: 7,733,030 shares; 2025Q1: 7,284,827 shares; 2025Q2: 6,542,202 shares 6,542,202$141M6.36%-742,625Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,328 shares; 2024Q4: 609,896 shares; 2025Q1: 574,016 shares; 2025Q2: 563,482 shares 563,482$124M5.58%-10,534Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,541,858 shares; 2024Q4: 1,541,308 shares; 2025Q1: 1,405,065 shares; 2025Q2: 1,345,717 shares 1,345,717$115M5.17%-59,348Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 595,736 shares; 2024Q4: 595,490 shares; 2025Q1: 605,692 shares; 2025Q2: 613,053 shares 613,053$108M4.88%+7,361Timeline
RPRXROYALTY PHARMA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,041,195 shares; 2024Q4: 2,875,089 shares; 2025Q1: 2,972,646 shares; 2025Q2: 2,987,988 shares 2,987,988$108M4.86%+15,342Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,824 shares; 2024Q4: 147,628 shares; 2025Q1: 145,666 shares; 2025Q2: 144,295 shares 144,295$107M4.81%-1,371Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 608,728 shares; 2024Q4: 608,563 shares; 2025Q1: 626,952 shares; 2025Q2: 634,173 shares 634,173$100M4.52%+7,221Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,801,950 shares; 2024Q4: 2,483,809 shares; 2025Q1: 3,590,093 shares; 2025Q2: 4,708,579 shares 4,708,579$95.5M4.31%+1,118,486Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 769,096 shares; 2024Q4: 1,298,429 shares; 2025Q1: 1,325,638 shares; 2025Q2: 1,241,924 shares 1,241,924$85.7M3.87%-83,714Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,296,830 shares; 2024Q4: 5,091,882 shares; 2025Q1: 4,883,763 shares; 2025Q2: 4,076,356 shares 4,076,356$73.9M3.34%-807,407Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,832 shares; 2024Q4: 203,401 shares; 2025Q1: 203,672 shares; 2025Q2: 203,500 shares 203,500$71.3M3.22%-172Timeline
UBSUBS GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,022,019 shares; 2024Q4: 2,042,420 shares; 2025Q1: 2,043,053 shares; 2025Q2: 1,937,639 shares 1,937,639$65.5M2.96%-105,414Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,663,534 shares; 2024Q4: 1,667,261 shares; 2025Q1: 1,684,663 shares; 2025Q2: 1,739,006 shares 1,739,006$64.9M2.93%+54,343Timeline
PLAYDAVE & BUSTERS ENTMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,300,598 shares; 2024Q4: 1,777,260 shares; 2025Q1: 2,201,507 shares; 2025Q2: 2,133,287 shares 2,133,287$64.2M2.9%-68,220Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 191,932 shares 191,932$59.9M2.7%newTimeline
OMFONEMAIN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,413,215 shares; 2024Q4: 1,263,145 shares; 2025Q1: 1,072,493 shares; 2025Q2: 1,032,501 shares 1,032,501$58.9M2.66%-39,992Timeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,025,645 shares; 2024Q4: 1,676,777 shares; 2025Q1: 1,972,713 shares; 2025Q2: 2,229,549 shares 2,229,549$58.5M2.64%+256,836Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,851 shares; 2024Q4: 305,603 shares; 2025Q1: 620,226 shares; 2025Q2: 620,226 shares 620,226$58.3M2.63%0Timeline
SOFISOFI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,795,687 shares; 2024Q4: 4,251,680 shares; 2025Q1: 3,534,865 shares; 2025Q2: 3,157,431 shares 3,157,431$57.5M2.59%-377,434Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 658,726 shares; 2024Q4: 689,712 shares; 2025Q1: 534,089 shares; 2025Q2: 499,110 shares 499,110$56.6M2.55%-34,979Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 411,555 shares; 2024Q4: 409,955 shares; 2025Q1: 458,669 shares; 2025Q2: 582,190 shares 582,190$55.5M2.51%+123,521Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,005,557 shares; 2024Q4: 725,244 shares; 2025Q1: 670,624 shares; 2025Q2: 668,651 shares 668,651$53.2M2.4%-1,973Timeline
CROXCROCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 380,969 shares; 2024Q4: 445,227 shares; 2025Q1: 511,399 shares; 2025Q2: 503,378 shares 503,378$51M2.3%-8,021Timeline
GMGENERAL MTRS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,550,074 shares; 2024Q4: 1,531,144 shares; 2025Q1: 1,526,763 shares; 2025Q2: 944,753 shares 944,753$46.5M2.1%-582,010Timeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,263,574 shares; 2024Q4: 947,509 shares; 2025Q1: 768,268 shares; 2025Q2: 899,700 shares 899,700$44.2M2%+131,432Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647,329 shares; 2024Q4: 442,429 shares; 2025Q1: 278,797 shares; 2025Q2: 261,855 shares 261,855$44.2M1.99%-16,942Timeline
BIIBBIOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,942 shares; 2024Q4: 413,960 shares; 2025Q1: 455,605 shares; 2025Q2: 320,466 shares 320,466$40.2M1.82%-135,139Timeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,440,022 shares; 2024Q4: 17,147,729 shares; 2025Q1: 18,004,787 shares; 2025Q2: 19,339,717 shares 19,339,717$33.3M1.5%+1,334,930Timeline
MATMATTEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,536,645 shares; 2024Q4: 2,532,472 shares; 2025Q1: 2,311,654 shares; 2025Q2: 1,464,398 shares 1,464,398$28.9M1.3%-847,256Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 785,920 shares; 2025Q2: 789,127 shares 789,127$25.8M1.16%+3,207Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 388,627 shares 388,627$24.7M1.11%newTimeline
PGENPRECIGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,937,694 shares; 2024Q4: 17,881,246 shares; 2025Q1: 17,372,301 shares; 2025Q2: 16,268,741 shares 16,268,741$23.1M1.04%-1,103,560Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 718,290 shares 718,290$19.1M0.86%newTimeline
PTONPELOTON INTERACTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,055,332 shares; 2024Q4: 3,817,374 shares; 2025Q1: 2,788,044 shares; 2025Q2: 2,689,816 shares 2,689,816$18.7M0.84%-98,228Timeline
ANGIANGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 808,005 shares 808,005$12.3M0.56%newTimeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,386 shares; 2024Q4: 29,386 shares; 2025Q1: 29,383 shares; 2025Q2: 29,383 shares 29,383$8.52M0.38%0Timeline
GOOSCANADA GOOSE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,726,387 shares; 2024Q4: 3,854,520 shares; 2025Q1: 2,705,025 shares; 2025Q2: 735,468 shares 735,468$8.23M0.37%-1,969,557Timeline
YOUCLEAR SECURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 125,000 shares; 2025Q2: 139,700 shares 139,700$3.88M0.18%+14,700Timeline
LEN-BLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,500 shares; 2024Q4: 12,500 shares; 2025Q1: 12,500 shares; 2025Q2: 12,500 shares 12,500$1.32M0.06%0Timeline
APAAPA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares 50,000$914K0.04%0Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
NFENEW FORTRESS ENERGY INC2,482,800$20.6Mshares
CVNACARVANA CO47,322$9.89Mshares
BRLTBRILLIANT EARTH GROUP INC100,000$158Kshares

How Q2 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 0001085146-25-004963 base2025-08-13acceptance time not in the bulk data set