Arkolith/Funds/Patient Capital Management, LLC

Patient Capital Management, LLC

CIK 1854794Hedge fund
Holdings as of Mar 31, 2026·disclosed May 14, 2026·~44-day 13F lag·13F-HR
Active Filer

Patient Capital Management, LLC holds a diversified book of 38 stocks worth $2.7B as of Q1 2026 (disclosed May 14, 2026, a ~45-day 13F lag). This quarter they opened Adobe Inc and trimmed Alphabet Inc-CL A. Their largest long position is Royalty Pharma PLC- CL A at 7% of the equity book. They also disclosed $18.6M in put options (a bearish bet) and $34.7M in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show Patient Capital Management, LLC's latest
holdings, largest changes, and filing provenance.
Opened
2
new positions
Added to
23
existing
Trimmed
11
reduced
Sold out
4
exited

Concentration

Top-heavy: diversified book

Top 5 holdings
28%
Top 10 holdings
50%
Top 20 holdings
79%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

96% mapped to company sectors

Financials
20%
Health Care
19%
Information Technology
17%
Industrials
14%
Consumer Discretionary
9%
Energy
6%
Utilities
4%
ETF / fund or unclassified
4%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

38 positions
#SecurityValueShares% PortLast moveHistory
1Royalty Pharma PLC
SHS CLASS A
$174.8M3.64M
6.5%
+9.3%
Added · +310K sh
2Citigroup Inc
COM NEW
$160.3M1.41M
6.0%
+9.4%
Added · +122K sh
3Alphabet Inc
CAP STK CL A
$153.6M534.0K
5.7%
−8.2%
Reduced · −48K sh
4Amazon Com Inc
COM
$136.3M654.4K
5.1%
+16%
Added · +92K sh
5Qxo Inc
COM NEW
$131.6M6.78M
4.9%
+4.8%
Added · +310K sh
6Nvidia Corporation
COM
$124.0M711.1K
4.6%
+11%
Added · +72K sh
7Unitedhealth Group Inc
COM
$118.3M437.1K
4.4%
+19%
Added · +69K sh
8Energy Transfer L P
COM UT LTD PTN
$117.5M6.09M
4.4%
+15%
Added · +815K sh
9Iac Inc
COM NEW
$108.1M2.70M
4.0%
+14%
Added · +326K sh
10Norwegian Cruise Line Hldgs
SHS
$107.5M5.75M
4.0%
+8.3%
Added · +442K sh
11Seadrill Ltd
COM
$97.9M2.15M
3.7%
+4.8%
Added · +99K sh
12Meta Platforms Inc
CL A
$97.9M171.1K
3.6%
+20%
Added · +28K sh
13CVS Health Corp
COM
$97.5M1.36M
3.6%
+10%
Added · +126K sh
14Coinbase Global Inc
COM CL A
$75.2M430.4K
2.8%
+141%
Added · +251K sh
15Adobe Inc
COM
$72.3M297.3K
2.7%
New
New position
16Crocs Inc
COM
$70.0M842.8K
2.6%
+11%
Added · +84K sh
17Biogen Inc
COM
$69.6M379.7K
2.6%
−34%
Reduced · −197K sh
18Precigen Inc
COM
$69.0M17.82M
2.6%
−4.6%
Reduced · −856K sh
19United Airls Hldgs Inc
COM
$67.4M732.0K
2.5%
+12%
Added · +78K sh
20Illumina Inc
COM
$67.1M544.8K
2.5%
−5.4%
Reduced · −31K sh
21Noble Corp PLC
ORD SHS A
$66.1M1.35M
2.5%
+5.2%
Added · +67K sh
22General MTRS Co
COM
$55.5M744.6K
2.1%
−3.5%
Reduced · −27K sh
23Fiserv Inc
COM
$54.0M968.2K
2.0%
+274%
Added · +709K sh
24Chime Finl Inc
COM SHS CL A
$54.0M2.88M
2.0%
+42%
Added · +847K sh
25UBS Group AG
SHS
$48.5M1.24M
1.8%
+4.6%
Added · +55K sh
26Ishares Bitcoin Trust ETF
SHS BEN INT
$42.3M1.10M
1.6%
New
New position
27Onemain Hldgs Inc
COM
$41.8M781.4K
1.6%
−5.3%
Reduced · −44K sh
28Jd.com Inc
SPON ADS CL A
$41.4M1.40M
1.5%
+66%
Added · +558K sh
29Expedia Group Inc
COM NEW
$38.7M167.8K
1.4%
−4.8%
Reduced · −8K sh
30Delta Air Lines Inc
COM NEW
$36.7M552.5K
1.4%
−19%
Reduced · −128K sh
31Sofi Technologies Inc
COM
$21.1M1.33M
0.8%
+11%
Added · +128K sh
32Fidelity Wise Origin Bitcoin
SHS
$20.9M353.8K
0.8%
−55%
Reduced · −428K sh
33Tempus AI Inc
CL A
$20.0M442.2K
0.7%
+16%
Added · +60K sh
34Dave & Busters Entmt Inc
COM
$12.5M1.15M
0.5%
−31%
Reduced · −512K sh
35JPMorgan Chase & Co
COM
$8.6M29.4K
0.3%
−0.1%
Reduced · −17 sh
36Apa Corporation
COM
$2.1M50.0K
0.1%
Held
37Lennar Corp
CL B
$1.1M12.5K
0.0%
Held
38State STR SPDR S&P 500 ETF T
TR UNIT
$726K1.1K
0.0%
+3.7%
Added · +40 sh
Showing all 38 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$18.6M
Call notional (bullish)$34.7M
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishBIOGEN INCBIIB$34.7M2K
PUT · bearishTESLA INC$18.6M500

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 14, 202640$2.7B13F-HR
Q4 2025Dec 31, 2025Feb 13, 202640$2.6B13F-HR
Q3 2025Sep 30, 2025Oct 30, 202541$2.5B13F-HR
Q2 2025Jun 30, 2025Aug 13, 202540$2.2B13F-HR
Q1 2025Mar 31, 2025May 14, 202539$1.9B13F-HR
Q4 2024Dec 31, 2024Feb 14, 202543$2.2B13F-HR
Q3 2024Sep 30, 2024Nov 14, 202441$2.0B13F-HR
Q2 2024Jun 30, 2024Aug 14, 202440$1.9B13F-HR
Q1 2024Mar 31, 2024May 15, 202442$2.1B13F-HR
Q4 2023Dec 31, 2023Feb 14, 202443$1.9B13F-HR
Q3 2023Sep 30, 2023Nov 14, 202342$1.7B13F-HR
Q2 2023Jun 30, 2023Aug 14, 202344$1.8B13F-HR
Q1 2023Mar 31, 2023May 15, 202342$224.5M13F-HR
Q4 2022Dec 31, 2022Feb 14, 202343$206.0M13F-HR
Q3 2022Sep 30, 2022Nov 14, 202242$200.4M13F-HR
Q2 2022Jun 30, 2022Aug 15, 202242$225.8M13F-HR
Q1 2022Mar 31, 2022May 16, 202245$295.2M13F-HR
Q4 2021Dec 31, 2021Feb 14, 202243$346.9M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.