Samantha McLemore
Patient Capital Management
Samantha McLemore (Patient Capital Management) discloses a $3.01B portfolio across 39 US-listed positions in the latest 13F filing (2026Q2, filed Aug 13, 2026). The largest holding is RPRX at 6.7% of the book. The biggest move of the quarter: added 42% to the CHYM share count (position now $84M). Mechanically cloning this 13F returned 11.8%/yr over the past 4.4 years, versus 13.9%/yr for the S&P 500 across that identical 4.4-year window.
Holdings (39) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | RPRX | 6.7% | $202M | |||
| 2 | C | 6.5% | $196M | |||
| 3 | GOOGL | 6.2% | $188M | |||
| 4 | UNH | 6.0% | $182M | |||
| 5 | AMZN | 5.4% | $162M | |||
| 6 | NVDA | 4.7% | $142M | |||
| 7 | CVS | 4.2% | $128M | |||
| 8 | NCLH | 4.2% | $127M | |||
| 9 | QXO | 4.1% | $123M | |||
| 10 | ET | 3.9% | $116M | |||
| 11 | IAC | 3.7% | $112M | |||
| 12 | PGEN | 3.6% | $109M | |||
| 13 | UAL | 3.3% | $99M | |||
| 14 | CROX | 3.2% | $96M | |||
| 15 | META | 3.2% | $96M | |||
| 16 | CHYM | 2.8% | $84M | |||
| 17 | ADBE | 2.5% | $74M | |||
| 18 | SDRL | 2.5% | $74M | |||
| 19 | GPN | 2.3% | $68M | |||
| 20 | COIN | 2.2% | $68M | |||
| 21 | FBTC | 2.1% | $62M | |||
| 22 | BIIB | 2.0% | $61M | |||
| 23 | ILMN | 2.0% | $61M | |||
| 24 | GM | 1.6% | $49M | |||
| 25 | UBS | 1.6% | $47M | |||
| 26 | FISV | 1.6% | $47M | |||
| 27 | EXPE | 1.4% | $43M | |||
| 28 | OMF | 1.4% | $43M | |||
| 29 | DAL | 1.3% | $40M | |||
| 30 | JD | 1.2% | $35M | |||
| 31 | SOFI | 0.9% | $27M | |||
| 32 | TEM | 0.8% | $23M | |||
| 33 | JPM | 0.3% | $10M | |||
| 34 | G3934V109 | 0.2% | $5M | |||
| 35 | NE | 0.1% | $4M | |||
| 36 | PLAY | 0.1% | $2M | |||
| 37 | APA | 0.1% | $2M | |||
| 38 | LEN/B | <0.1% | $1M | |||
| 39 | SPY | <0.1% | $792K |
- 1RPRXport6.7%val$202MRoyalty Pharma Plcthis Q hold·11q
- 2Cport6.5%val$196MCitigroup Incthis Q hold·18q
- port6.2%val$188MAlphabet Inc-cl Athis Q hold·19q
- 4UNHport6.0%val$182MUnitedhealth Group Incthis Q hold·5q
- 5AMZNport5.4%val$162MAmazon.com Incthis Q hold·19q
- 6NVDAport4.7%val$142MNvidia Corpthis Q hold·10q
- 7CVSport4.2%val$128MCvs Health Corpthis Q hold·12q
- 8NCLHport4.2%val$127MNorwegian Cruise Line Hldgsthis Q hold·19q
- 9QXOport4.1%val$123MQxo Incthis Q hold·8q
- 10ETport3.9%val$116MEnergy Transfer LPthis Q hold·19q
- 11IACport3.7%val$112MIac Incthis Q hold·13q
- 12PGENport3.6%val$109MPrecigen Incthis Q hold·19q
- 13UALport3.3%val$99MUnited Airlines Holdings Incthis Q hold·17q
- 14CROXport3.2%val$96MCrocs Incthis Q hold·11q
- 15METAport3.2%val$96MMeta Platforms Inc-class Athis Q hold·19q
- 16CHYMport2.8%val$84MChime Financial Inc-cl Athis Q +42%·3q
- 17ADBEport2.5%val$74MAdobe Incthis Q +21%·2q
- 18SDRLport2.5%val$74MSeadrill Ltdthis Q hold·11q
- 19GPNport2.3%val$68MGlobal Payments Incthis Q New·—1q
- 20COINport2.2%val$68MCoinbase Global Inc -class Athis Q hold·18q
- 21FBTCport2.1%val$62MFidelity Wise Origin Bitcointhis Q +244%·10q
- 22BIIBport2.0%val$61MBiogen Incthis Q -25%·10q
- 23ILMNport2.0%val$61MIllumina Incthis Q -37%·11q
- 24GMport1.6%val$49MGeneral Motors COthis Q hold·19q
- 25UBSport1.6%val$47MUbs Group AGthis Q -23%·14q
- 26FISVport1.6%val$47MFiserv Incthis Q hold·16q
- 27EXPEport1.4%val$43MExpedia Group Incthis Q hold·17q
- 28OMFport1.4%val$43MOnemain Holdings Incthis Q hold·19q
- 29DALport1.3%val$40MDelta Air Lines Incthis Q -22%·19q
- 30JDport1.2%val$35MJd.com Inc-adrthis Q hold·7q
- 31SOFIport0.9%val$27MSofi Technologies Incthis Q hold·19q
- 32TEMport0.8%val$23MTempus AI Inc-cl Athis Q hold·5q
- 33JPMport0.3%val$10MJpmorgan Chase & COthis Q hold·19q
- 34G3934V109port0.2%val$5MGenius Sports Limitedthis Q New·—1q
- 35NEport0.1%val$4MNoble Corp Plcthis Q -93%·5q
- 36PLAYport0.1%val$2MDave & Buster's Entertainmenthis Q -82%·8q
- 37APAport0.1%val$2MApa Corpthis Q hold·7q
- 38LEN/Bport<0.1%val$1MLennar Corp - B Shsthis Q hold·17q
- 39SPYport<0.1%val$792KSS Spdr S&p 500 Etf Trust-usthis Q hold·8q
Beyond the 13F
as of 2026-04-30Across Samantha McLemore’s registered funds — $800M disclosed in SEC Form N-PORT — just 97.7% sits in US-listed equity, the only slice a 13F reports. The other $19M is other assets — none of which a 13F can show.
These registered funds hold $800M against the $3.01B Samantha McLemore reports on its 13F, so this describes those funds, not the whole firm. Everything the manager runs outside a registered fund — separate accounts, private vehicles — files no N-PORT and is not counted here.
Where the hidden money is
Largest positions no 13F shows
| SANOFI SA · France · USD | $19M |
From SEC Form N-PORT, which registered funds file with their full portfolio — every currency, asset class and short. Covers 1 fund. The percentage above is the composition of those funds, not a ratio between two filings: a 13F spans every discretionary account but only US-listed securities, while N-PORT covers only the registered funds but every asset inside them — different universes, so the totals are not comparable (the 13F itself reports $3.01B for 2026-06-30). None of this feeds the backtest above, which stays a pure 13F clone.
2026Q2 moves, by size (12)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| CHYM | Chime Financial Inc-cl A | ADD | 2.8% | +42% | $84M |
| ADBE | Adobe Inc | ADD | 2.5% | +21% | $74M |
| BIIB | Biogen Inc | TRIM | 2.0% | -25% | $61M |
| ILMN | Illumina Inc | TRIM | 2.0% | -37% | $61M |
| NE | Noble Corp Plc | TRIM | 0.1% | -93% | $4M |
| GPN | Global Payments Inc | NEW | 2.3% | +100% | $68M |
| FBTC | Fidelity Wise Origin Bitcoin | ADD | 2.1% | +244% | $62M |
| UBS | Ubs Group AG | TRIM | 1.6% | -23% | $47M |
| IBIT | Ishares Bitcoin Trust Etf | EXIT | 1.6% | -100% | $0 |
| DAL | Delta Air Lines Inc | TRIM | 1.3% | -22% | $40M |
| PLAY | Dave & Buster's Entertainmen | TRIM | 0.1% | -82% | $2M |
| G3934V109 | Genius Sports Limited | NEW | 0.2% | +100% | $5M |
- ADDCHYM2.8%Chime Financial Inc-cl AΔ +42%·$84M
- ADDADBE2.5%Adobe IncΔ +21%·$74M
- TRIMBIIB2.0%Biogen IncΔ -25%·$61M
- TRIMILMN2.0%Illumina IncΔ -37%·$61M
- TRIMNE0.1%Noble Corp PlcΔ -93%·$4M
- NEWGPN2.3%Global Payments IncΔ +100%·$68M
- ADDFBTC2.1%Fidelity Wise Origin BitcoinΔ +244%·$62M
- TRIMUBS1.6%Ubs Group AGΔ -23%·$47M
- EXITIBIT1.6%Ishares Bitcoin Trust EtfΔ -100%·$0
- TRIMDAL1.3%Delta Air Lines IncΔ -22%·$40M
- TRIMPLAY0.1%Dave & Buster's EntertainmenΔ -82%·$2M
- NEWG3934V1090.2%Genius Sports LimitedΔ +100%·$5M
About Samantha McLemore
Samantha McLemore founded Patient Capital Management after a long tenure at Legg Mason working alongside Bill Miller, whose influence is visible in the portfolio's structure: a moderate 38-position book with roughly 28% in the top five holdings, blending large-cap compounders like GOOGL and AMZN with more contrarian positions such as RPRX and C. The style is best described as concentrated-ish long-only value with a growth tolerance — willing to hold businesses that screen expensive on trailing multiples if the forward earnings power justifies it, a Miller inheritance. What a 13F reader should keep in mind: the disclosed long equity book is likely a reasonable representation of the strategy, since Patient Capital does not appear to run a significant parallel short or derivatives book, but the 45-day lag still matters for a portfolio this size. The clone backtest showing roughly -3% annual excess return versus SPY over four-plus years reflects a period when quality-growth crowding made that Miller-style flexibility a headwind rather than an edge.
2026Q2 brief
Samantha McLemore's Patient Capital Management ($3.01B, 39 positions) made a few telling moves in Q2 2026 that blend macro skepticism with selective tech and crypto conviction. The standout addition is FBTC (a Bitcoin ETF), which more than tripled (+244%) to 2.1% of the portfolio—while simultaneously exiting IBIT (BlackRock's Bitcoin ETF, previously 1.6%). The net effect is a consolidation of crypto exposure rather than an exit, but the swap between Bitcoin ETF wrappers is worth flagging. ADBE was added 21% to 2.5%, a contrarian lean into a software name that has underperformed peers. The new position in GPN (Global Payments, 2.3%) fits a pattern of distressed fintech interest. On the trim side, near-exits from NE (−93%) and PLAY (−82%) signal a clean-up of smaller, less-conviction ideas, while ILMN was cut 37%—a continued retreat from genomics. McLemore holds UNH at 6.0% despite sector pressure on managed care, a contrarian stance shared by few peers at this weight. Watch whether GPN and the managed-care names (UNH, CVS) are built up meaningfully in Q3 as potential high-conviction adds.
AI-generated. Not investment advice.
Filing history
Samantha McLemore's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 40 | $3.05B |
| Q1 2026 — what changed → | 40 | $2.74B |
| Q4 2025 — what changed → | 40 | $2.59B |
| Q3 2025 — what changed → | 41 | $2.50B |
| Q2 2025 — what changed → | 40 | $2.22B |
| Q1 2025 — what changed → | 39 | $1.94B |
| Q4 2024 holdings | 43 | $2.17B |
| Q3 2024 holdings | 41 | $2.04B |
| Q2 2024 holdings | 40 | $1.88B |
| Q1 2024 holdings | 42 | $2.05B |
| Q4 2023 holdings | 43 | $1.89B |
| Q3 2023 holdings | 42 | $1.70B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Multibaggers Samantha McLemore held
Stocks up 5x or more since Samantha McLemore first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.
- NVDA488xNVIDIA CORP9q straight · peak 4.73% · still holds
- OVV27.4xOVINTIV INC8q straight · peak 6.22%
- AMZN13.8xAMAZON.COM INC18q straight · peak 6.48% · still holds
- CVNA13.4xCARVANA CO1q straight · peak 0.51%
- GOOGL10.1xALPHABET INC-CL A18q straight · peak 7.03% · still holds
- META10.0xMETA PLATFORMS INC-CLASS A18q straight · peak 4.81% · still holds
Six biggest of 8. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Samantha McLemore's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →
Frequently asked questions
- What stocks does Samantha McLemore own?
- As of 2026Q2, Samantha McLemore's 13F discloses 39 positions worth $3.01B. The top five holdings: RPRX (6.7%), C (6.5%), GOOGL (6.2%), UNH (6.0%), AMZN (5.4%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Samantha McLemore buy this quarter?
- In 2026Q2, the filing shows 2 new positions and 3 additions to existing holdings. The largest positions touched by buying: CHYM, ADBE, GPN, FBTC.
- How big is Samantha McLemore's portfolio?
- $3.01B across 39 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 31% of the disclosed book.
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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001854794). Not investment advice.