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ITP

Iron Triangle Partners Portfolio holdings

AUM $875M
1-Year Est. Return 49.85%
This Fund
S&P 500
This Quarter Est. Return
+29.63%
1 Year Est. Return
+49.85%
3 Year Est. Return
+151.9%
5 Year Est. Return
+239.84%
10 Year Est. Return
–
AUM
$447M
AUM Growth
+$50.4M
Cap. Flow
-$29.8M
Cap. Flow %
-6.65%
Top 10 Hldgs %
59.6%
Holding
30
New
6
Increased
6
Reduced
8
Closed
5

Top Buys

Rank Stock Value
1
ZBH icon
Zimmer Biomet
ZBH
+$20.2M
2
DVA icon
DaVita
DVA
+$18.8M
3
ELV icon
Elevance Health
ELV
+$16.1M
4
PACB icon
Pacific Biosciences
PACB
+$11.5M
5
VCEL icon
Vericel Corp
VCEL
+$9.6M

Top Sells

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$28.4M
2
TWST icon
Twist Bioscience
TWST
+$20M
3
MCK icon
McKesson
MCK
+$13M
4
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$12.9M
5
HOLX
Hologic
HOLX
+$9M

Sector Composition

Rank Sector Weight
1 Healthcare 96.16%
2 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADPT icon
26
Adaptive Biotechnologies
ADPT
$3.61B
– –
-150,000
Closed -$7.26M
BAX icon
27
Baxter International
BAX
$12.1B
– –
-330,000
Closed -$28.4M
BMY icon
28
CALL
Bristol-Myers Squibb
BMY
$128B
– –
-200,000
Closed -$11.8M
MCK icon
29
McKesson
MCK
$99.5B
– –
-85,000
Closed -$13M
CHNG
30
DELISTED
Change Healthcare Inc. Common Stock
CHNG
– –
-1,147,800
Closed -$12.9M
1
2

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Iron Triangle Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Iron Triangle Partners held 30 positions worth $447M, up 13% from $397M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Iron Triangle Partners withdrew a net $29.8M in Q3 2020, closing 5 positions and reducing 8 holdings. Its most notable exit was Baxter International, an estimated $28.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 96% of assets, up from 90% a quarter earlier, followed by Technology.

Against the trend, Iron Triangle Partners opened a new position in DaVita worth $18.8M.

  • Iron Triangle Partners's largest Q3 2020 buy was DaVita: 220,000 shares worth $18.8M.
  • Iron Triangle Partners added most to Zimmer Biomet in Q3 2020, an estimated $20.2M increase.
  • Iron Triangle Partners's biggest Q3 2020 reduction was Twist Bioscience, cutting an estimated $20M.
  • Iron Triangle Partners fully exited Baxter International in Q3 2020, selling an estimated $28.4M.
  • Iron Triangle Partners's ten largest holdings make up 60% of its $447M portfolio in Q3 2020.
  • Iron Triangle Partners opened 6 new positions and closed 5 in Q3 2020.
  • Iron Triangle Partners's portfolio value rose 13% quarter-over-quarter to $447M.

Based on Iron Triangle Partners's 13F filing for Q3 2020, filed 16 Nov 2020.