Patient Capital Management, LLC

Hedge Fund • Value

Patient Capital Management, LLC is a Value-focused Hedge Fund based in Baltimore, MD led by David Khan, managing $2.5B across 41 long positions as of Q3 2025 with GOOGL as the largest holding (6% allocation).

CFODavid Khan

Portfolio Value: $2.5B
Positions: 41
Top Holding: GOOGL at 5.97%
Last Reported: Q3 2025

AddressOne South Street, Suite 2550, Baltimore, MD, 21202, United States

Top Holdings

Largest long holdings in Patient Capital Management, LLC's portfolio (48% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$149.1M	5.97%	+$68.1K Bought	0.01% 613.3K shares	Q4 2021 Held for 3y 11m
2 Citigroup C	Banks - Diversified Financial Services	$133.0M	5.32%	-$3.6M Sold	0.07% 1.3M shares	Q1 2022 Held for 3y 8m
3 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$128.2M	5.13%	+$62.0M Bought	0.04% 371.4K shares	Q2 2025 Held for 5 months
4 QXO, Inc. QXO	Software - Application Technology	$124.6M	4.99%	-$98.6K Sold	0.97% 6.5M shares	Q3 2024 Held for 1y 2m
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$123.4M	4.94%	-$330.7K Sold	0.01% 562.0K shares	Q4 2021 Held for 3y 11m
6 Nvidia NVDA	Semiconductors Technology	$118.0M	4.73%	-$277.8K Sold	0.00% 632.7K shares	Q1 2024 Held for 1y 8m
7 Norwegian Cruise Line Holdings Ltd. NCLH	Travel Services Consumer Cyclical	$112.4M	4.50%	-$3.5M Sold	1.00% 4.6M shares	Q4 2021 Held for 3y 11m
8 Royalty Pharma RPRX	Biotechnology Healthcare	$110.0M	4.40%	+$4.6M Bought	0.72% 3.1M shares	Q4 2023 Held for 1y 11m
9 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$105.8M	4.23%	-$216.6K Sold	0.01% 144.0K shares	Q4 2021 Held for 3y 11m
10 CVS Health CVS	Medical - Healthcare Plans Healthcare	$93.5M	3.74%	-$153.0K Sold	0.10% 1.2M shares	Q3 2023 Held for 2y 2m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Patient Capital Management, LLC's latest filing

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GthenC

Market Value

$2.5B

Prior: $2.2B

Q/Q Change

+12.75%

+$282.4M

Net Flows % of MV

+2.35%

Turnover Ratio

5.56%

New Purchases

1 stocks

$674.4K

Added To

13 stocks

+$167.4M

Sold Out Of

1 stocks

$8.2M

Reduced Holdings

24 stocks

-$101.0M

Increased Positions

Position	Shares Δ	Change
1 MicroStrategy MSTR	New	0 → 2.1K +$674.4K
2 UnitedHealth Group UNH	+93.49%	191.9K → 371.4K +$62.0M
3 Precigen PGEN	+62.65%	16.3M → 26.5M +$33.5M
4 Noble Corporation NE	+50.51%	718.3K → 1.1M +$10.3M
5 Mattel MAT	+43.35%	1.5M → 2.1M +$10.7M

Decreased Positions

Position	Shares Δ	Change
1 Canada Goose GOOS	Sold	735.5K → 0 −$8.2M
2 Kosmos Energy KOS	-82.86%	19.3M → 3.3M −$26.6M
3 SoFi Technologies, Inc. SOFI	-28.61%	3.2M → 2.3M −$23.9M
4 UBS Group UBS	-22.54%	1.9M → 1.5M −$17.9M
5 Coinbase Global, Inc. COIN	-15.61%	203.5K → 171.7K −$10.7M