Institutional Manager · CIK 0002009911
14B Captial Management LP
LA JOLLA, CA · File #028-23839
Latest AUM
$124.4M
Positions
18
Top-10 Concentration
90.9%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | CHARTER COMMUNICATIONS INC | 16119P108 | -51,500 | -$10.8M | -$5.0M |
| EXITED | CABLE ONE INC | 12685J105 | -59,500 | -$10.5M | $0 |
| NEW | META PLATFORMS | META | +9,400 | +$6.2M | $0 |
| REDUCE | COGENT COMMUNICATIONS HLDGS | CCOI | -279,633 | -$6.0M | -$7.5M |
| REDUCE | PAGSEGURO DIGITAL LTD | PAGS | -567,000 | -$5.5M | -$466,200 |
| REDUCE | STONECO LTD | STNE | -322,000 | -$4.8M | -$3.8M |
| NEW | MERCADOLIBRE INC | MELI | +1,870 | +$3.8M | $0 |
| REDUCE | CAPITAL ONE FINANCIAL CORP | 14040H105 | -13,000 | -$3.2M | +$982,740 |
| REDUCE | GRUPO CIBEST SA | CIB | -42,000 | -$2.7M | +$1.3M |
| NEW | INVESCO EXCHANGE TRADED FD T | IVZ | +12,000 | +$2.3M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202518 pos · $124.4M
- 13F HOLDINGS REPORTQ/E Sep 202510 pos · $170.9M
- 13F HOLDINGS REPORTQ/E Jun 202511 pos · $243.4M
- 13F HOLDINGS REPORTQ/E Mar 202512 pos · $240.1M
- 13F HOLDINGS REPORTQ/E Dec 202410 pos · $229.8M
- 13F HOLDINGS REPORTQ/E Sep 202410 pos · $223.1M
- 13F HOLDINGS REPORTQ/E Jun 202410 pos · $214.0M
- 13F HOLDINGS REPORTQ/E Mar 202410 pos · $211.9M
Top 18 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MASTERCARD INC | MA | 42,560 | $24.3M | 19.53% |
| 2 | VISA INC | V | 69,268 | $24.3M | 19.53% |
| 3 | SHIFT4 PAYMENTS INC | 82452J109 | 385,000 | $24.2M | 19.49% |
| 4 | STONECO LTD | STNE | 609,000 | $9.0M | 7.24% |
| 5 | PAGSEGURO DIGITAL LTD | PAGS | 728,000 | $7.0M | 5.64% |
| 6 | META PLATFORMS | META | 9,400 | $6.2M | 4.99% |
| 7 | CHARTER COMMUNICATIONS INC | 16119P108 | 23,500 | $4.9M | 3.94% |
| 8 | CAPITAL ONE FINANCIAL CORP | 14040H105 | 20,000 | $4.8M | 3.90% |
| 9 | GRUPO CIBEST SA | CIB | 70,000 | $4.5M | 3.58% |
| 10 | MERCADOLIBRE INC | MELI | 1,870 | $3.8M | 3.03% |
| 11 | COGENT COMMUNICATIONS HLDGS | CCOI | 170,000 | $3.7M | 2.95% |
| 12 | INVESCO EXCHANGE TRADED FD T | IVZ | 12,000 | $2.3M | 1.85% |
| 13 | AMAZON COM INC | AMZN | 6,000 | $1.4M | 1.11% |
| 14 | VANGUARD STAR FDS | 921909768 | 14,000 | $1.1M | 0.85% |
| 15 | MICROSOFT CORP | MSFT | 2,000 | $967,240 | 0.78% |
| 16 | VANGUARD TAX-MANAGED FDS | 921943858 | 14,000 | $874,580 | 0.70% |
| 17 | ALPHABET INC | GOOG | 2,000 | $626,000 | 0.50% |
| 18 | VANGUARD INDEX FDS | 922908769 | 1,500 | $502,905 | 0.40% |