Patient Capital Management, Llc
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 7
- Avg AUM / client
- $358M
- Accounts
- 7
- Employees
- 10
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 40 positions, $2,735,137,666)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Royalty Pharma Plc | SHS CLASS A | $174,789,053 | 3,643,716 | 6.39% | 6.98% |
| 2 | Citigroup Inc | COM NEW | $160,347,042 | 1,413,870 | 5.86% | 6.41% |
| 3 | Alphabet Inc | CAP STK CL A | $153,555,224 | 533,993 | 5.61% | 6.14% |
| 4 | Amazon Com Inc | COM | $136,295,958 | 654,419 | 4.98% | 5.45% |
| 5 | Qxo Inc | COM NEW | $131,636,308 | 6,778,389 | 4.81% | 5.26% |
| 6 | Nvidia Corporation | COM | $124,018,525 | 711,115 | 4.53% | 4.96% |
| 7 | Unitedhealth Group Inc | COM | $118,286,147 | 437,141 | 4.32% | 4.73% |
| 8 | Energy Transfer L P | COM UT LTD PTN | $117,502,326 | 6,088,203 | 4.3% | 4.7% |
| 9 | Iac Inc | COM NEW | $108,063,564 | 2,699,564 | 3.95% | 4.32% |
| 10 | Norwegian Cruise Line Hldgs | SHS | $107,518,271 | 5,749,640 | 3.93% | 4.3% |
| 11 | Seadrill Ltd | COM | $97,947,187 | 2,152,685 | 3.58% | 3.91% |
| 12 | Meta Platforms Inc | CL A | $97,883,632 | 171,086 | 3.58% | 3.91% |
| 13 | Cvs Health Corp | COM | $97,471,170 | 1,357,159 | 3.56% | 3.89% |
| 14 | Coinbase Global Inc | COM CL A | $75,153,273 | 430,405 | 2.75% | 3.0% |
| 15 | Adobe Inc | COM | $72,262,761 | 297,279 | 2.64% | 2.89% |
| 16 | Crocs Inc | COM | $69,972,795 | 842,842 | 2.56% | 2.8% |
| 17 | Biogen Inc | COM | $69,618,001 | 379,741 | 2.55% | 2.78% |
| 18 | Precigen Inc | COM | $68,953,288 | 17,817,387 | 2.52% | 2.76% |
| 19 | United Airls Hldgs Inc | COM | $67,397,145 | 732,020 | 2.46% | 2.69% |
| 20 | Illumina Inc | COM | $67,149,734 | 544,780 | 2.46% | 2.68% |
| 21 | Noble Corp Plc | ORD SHS A | $66,139,240 | 1,347,854 | 2.42% | 2.64% |
| 22 | General Mtrs Co | COM | $55,474,974 | 744,630 | 2.03% | 2.22% |
| 23 | Fiserv Inc | COM | $54,025,255 | 968,194 | 1.98% | 2.16% |
| 24 | Chime Finl Inc | COM SHS CL A | $53,980,161 | 2,882,016 | 1.97% | 2.16% |
| 25 | Ubs Group Ag | SHS | $48,523,214 | 1,241,955 | 1.77% | 1.94% |
Top 25 of 40 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 2 | $89.5M | 3.58% |
| Investment companies | 1 | $1.9B | 74.5% |
| Pooled investment vehicles (non-investment companies) | 1 | $207M | 8.28% |
| State or municipal government entities | 1 | $296M | 11.8% |
| Other investment advisers | 2 | $45.2M | 1.81% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $142M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Patient Partners, Lp | Hedge Fund | Delaware | $142M | 25 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mclemore, Samantha, Marie | Manager And Member | Jan 2020 (7y) | 75% or more | |
| Miller, William, Herbert | Member | Jan 2020 (7y) | 10% – 25% | |
| Milton R Dodge | Chief Compliance Officer | Apr 2023 (3y) | Less than 5% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $142M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Patient Partners, Lp | Hedge Fund | $142M | $1.0M | 25 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.24 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- State Street $296M (12% of AUM) Mar 2026
- Northern Trust $89.5M (4% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗