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Patient Capital Management, LLC

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13F filer, CIK 1854794, BALTIMORE, MD

Patient Capital Management, LLC reported $2,498,095,918 across 41 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-30. Its ten largest share positions make up 47.96% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001854794-25-000004

Period
2025-09-30
Reported value
$2.5B
Holdings
41
Top 10 weight
47.96%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNHadded+179,431$62M
PGENadded+10,192,107$33.5M
ETadded+811,782$13.9M
PPLIadded+369,239$12.6M
MATadded+634,864$10.7M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
KOSreduced-16,025,064-$26.6M
SOFIreduced-903,365-$23.9M
UBSreduced-436,790-$17.9M
COINreduced-31,764-$10.7M
GOOSexited-735,468-$8.23M

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, Q3 2025

Share positions as resolved from 13F-HR 0001854794-25-000004, largest first. % of portfolio is the value over $2,498,095,918, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 595,736 shares; 2024Q4: 595,490 shares; 2025Q1: 605,692 shares; 2025Q2: 613,053 shares; 2025Q3: 613,333 shares 613,333$149M5.97%+280Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,310,407 shares 1,310,407$133M5.32%-35,310Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 191,932 shares; 2025Q3: 371,363 shares 371,363$128M5.13%+179,431Timeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 6,537,027 shares 6,537,027$125M4.99%-5,175Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 625,328 shares; 2024Q4: 609,896 shares; 2025Q1: 574,016 shares; 2025Q2: 563,482 shares; 2025Q3: 561,976 shares 561,976$123M4.94%-1,506Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 608,728 shares; 2024Q4: 608,563 shares; 2025Q1: 626,952 shares; 2025Q2: 634,173 shares; 2025Q3: 632,684 shares 632,684$118M4.73%-1,489Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 4,564,871 shares 4,564,871$112M4.5%-143,708Timeline
RPRXROYALTY PHARMA PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 3,117,850 shares 3,117,850$110M4.4%+129,862Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,824 shares; 2024Q4: 147,628 shares; 2025Q1: 145,666 shares; 2025Q2: 144,295 shares; 2025Q3: 144,000 shares 144,000$106M4.23%-295Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,239,894 shares 1,239,894$93.5M3.74%-2,030Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 658,726 shares; 2024Q4: 689,712 shares; 2025Q1: 534,089 shares; 2025Q2: 499,110 shares; 2025Q3: 489,677 shares 489,677$87.5M3.5%-9,433Timeline
PGENPRECIGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 26,460,848 shares 26,460,848$87.1M3.48%+10,192,107Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 4,888,138 shares 4,888,138$83.9M3.36%+811,782Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,108,245 shares 2,108,245$71.8M2.88%+369,239Timeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,229,936 shares 2,229,936$67.4M2.7%+387Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,005,557 shares; 2024Q4: 725,244 shares; 2025Q1: 670,624 shares; 2025Q2: 668,651 shares; 2025Q3: 666,515 shares 666,515$64.3M2.57%-2,136Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,851 shares; 2024Q4: 305,603 shares; 2025Q1: 620,226 shares; 2025Q2: 620,226 shares; 2025Q3: 619,752 shares 619,752$61.9M2.48%-474Timeline
UBSUBS GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,500,849 shares 1,500,849$61.5M2.46%-436,790Timeline
SOFISOFI TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,254,066 shares 2,254,066$59.6M2.38%-903,365Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,832 shares; 2024Q4: 203,401 shares; 2025Q1: 203,672 shares; 2025Q2: 203,500 shares; 2025Q3: 171,736 shares 171,736$58M2.32%-31,764Timeline
GMGENERAL MTRS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 940,597 shares 940,597$57.3M2.3%-4,156Timeline
BIIBBIOGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 255,942 shares; 2024Q4: 413,960 shares; 2025Q1: 455,605 shares; 2025Q2: 320,466 shares; 2025Q3: 396,649 shares 396,649$55.6M2.22%+76,183Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 411,555 shares; 2024Q4: 409,955 shares; 2025Q1: 458,669 shares; 2025Q2: 582,190 shares; 2025Q3: 581,359 shares 581,359$55.2M2.21%-831Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647,329 shares; 2024Q4: 442,429 shares; 2025Q1: 278,797 shares; 2025Q2: 261,855 shares; 2025Q3: 253,477 shares 253,477$54.2M2.17%-8,378Timeline
OMFONEMAIN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 936,913 shares 936,913$52.9M2.12%-95,588Timeline
CROXCROCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 380,969 shares; 2024Q4: 445,227 shares; 2025Q1: 511,399 shares; 2025Q2: 503,378 shares; 2025Q3: 588,794 shares 588,794$49.2M1.97%+85,416Timeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,263,574 shares; 2024Q4: 947,509 shares; 2025Q1: 768,268 shares; 2025Q2: 899,700 shares; 2025Q3: 861,298 shares 861,298$48.9M1.96%-38,402Timeline
PLAYDAVE & BUSTERS ENTMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,137,257 shares 2,137,257$38.8M1.55%+3,970Timeline
MATMATTEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,099,262 shares 2,099,262$35.3M1.41%+634,864Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 388,627 shares; 2025Q3: 387,870 shares 387,870$31.3M1.25%-757Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 718,290 shares; 2025Q3: 1,081,074 shares 1,081,074$30.6M1.22%+362,784Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 785,920 shares; 2025Q2: 789,127 shares; 2025Q3: 842,937 shares 842,937$29.5M1.18%+53,810Timeline
PTONPELOTON INTERACTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,533,688 shares 2,533,688$22.8M0.91%-156,128Timeline
ANGIANGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 808,005 shares; 2025Q3: 799,342 shares 799,342$13M0.52%-8,663Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,386 shares; 2024Q4: 29,386 shares; 2025Q1: 29,383 shares; 2025Q2: 29,383 shares; 2025Q3: 29,379 shares 29,379$9.27M0.37%-4Timeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 3,314,653 shares 3,314,653$5.5M0.22%-16,025,064Timeline
YOUCLEAR SECURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 125,000 shares; 2025Q2: 139,700 shares; 2025Q3: 125,000 shares 125,000$4.17M0.17%-14,700Timeline
LEN-BLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,500 shares; 2024Q4: 12,500 shares; 2025Q1: 12,500 shares; 2025Q2: 12,500 shares; 2025Q3: 12,500 shares 12,500$1.5M0.06%0Timeline
APAAPA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares 50,000$1.21M0.05%0Timeline
MSTRSTRATEGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,092 shares 2,092$674K0.03%newTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,486 shares; 2024Q4: 3,463 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 421 shares 421$281K0.01%newTimeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
GOOSCANADA GOOSE HLDGS INC735,468$8.23Mshares

How Q3 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 0001854794-25-000004 base2025-10-30acceptance time not in the bulk data set