Cipher Capital LP

CIK

1542420

Location

NEW YORK, NY

Portfolio Value

Micro $9,205,240

Diversification

Diversified

Filing Date

Global Rank

#3,626 / 7,296 ▼ 728

Top Industry

Specialty Industrial Machinery 4.0%

3Y Alpha vs SPY

-5.8%

Period ended 2 years ago

Filed May 15, 2024 · 2y

14 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+53.8%

SPY

+78.1%

Annualised alpha

-5.8%

Max drawdown

−21.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

375 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

1.8%

−0.1 pts

Top 5

6.5%

−0.2 pts

Top 10

11.4%

+0.0 pts

HHI

Diversified+1

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Financial Services	18.9%	$37,473,871	65
Technology	16.8%	$33,337,202	62
Industrials	12.6%	$24,984,775	45
Consumer Cyclical	10.1%	$20,103,820	37
Healthcare	10.1%	$20,003,656	47
Real Estate	7.0%	$13,810,467	31
Utilities	6.7%	$13,335,021	16
Energy	5.9%	$11,651,359	26
Consumer Defensive	5.0%	$9,974,348	19
Basic Materials	4.6%	$9,205,240	13
Communication Services	2.1%	$4,080,842	13
Unclassified	0.3%	$569,261	1

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HPQ	Hp Inc	+56,693	74,193	$2,242,112
COMP	Compass, Inc.	+51,029	64,492	$232,171
VRE	Veris Residential, Inc.	+36,345	55,633	$846,177
PTEN	Patterson Uti Energy Inc	+33,816	53,281	$636,175
RIG	Transocean Ltd.	+30,409	62,899	$395,005
CNM	Core & Main, Inc.	+24,176	30,838	$1,765,475
UMH	Umh Properties, Inc.	+21,635	38,910	$631,898
GRNT	Granite Ridge Resources, Inc.	+18,730	32,860	$213,590
PFS	Provident Financial Services Inc	+17,508	31,475	$458,590
HOOD	Robinhood Markets, Inc.	+16,227	28,125	$566,156
MQ	Marqeta, Inc.	+15,656	41,061	$244,723
EMBC	Embecta Corp.	+14,824	30,380	$403,142
AAPL	Apple Inc.	+13,818	21,352	$3,661,440
AXTA	Axalta Coating Systems Ltd.	+13,220	22,703	$780,756
AROC	Archrock, Inc.	+13,140	34,212	$672,950
OIS	Oil States International, Inc	+11,967	22,998	$141,667
EIX	Edison International	+11,766	14,735	$1,042,206
TRMB	Trimble Inc.	+10,803	14,633	$941,779
DHI	Horton D R Inc /De/	+9,457	11,825	$1,945,803
ADAM	Adamas Trust, Inc.	+8,622	19,014	$136,900
FUL	Fuller H B Co	+7,558	10,685	$852,021
DRVN	Driven Brands Holdings Inc.	+7,418	24,979	$394,418
IRDM	Iridium Communications Inc.	+7,369	19,020	$497,563
L	Loews Corp	+6,640	19,465	$1,523,914
FTDR	Frontdoor, Inc.	+6,575	16,273	$530,174
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OSCR	Oscar Health, Inc.	−97,840	31,391	$466,784
MET	Metlife Inc	−72,354	11,216	$831,217
LADR	Ladder Capital Corp	−51,753	13,071	$145,480
ELME	Elme Communities	−34,780	25,200	$350,784
OKE	Oneok Inc /New/	−34,335	7,511	$602,156
MDXG	Mimedx Group, Inc.	−33,719	46,761	$360,059
JEF	Jefferies Financial Group Inc.	−33,567	12,235	$539,563
UNM	Unum Group	−32,257	4,462	$239,430
ESRT	Empire State Realty Trust, Inc.	−27,010	21,253	$215,292
FHI	Federated Hermes, Inc.	−26,427	21,016	$759,097
FHN	First Horizon Corp	−25,730	17,070	$262,878
CHGG	Chegg, Inc	−24,392	17,647	$133,587
NNN	Nnn REIT, Inc.	−24,210	18,622	$795,904
DKNG	DraftKings Inc.	−21,184	15,518	$704,672
ARLO	Arlo Technologies, Inc.	−20,464	11,500	$145,475
KMI	Kinder Morgan, Inc.	−19,581	37,445	$686,741
ACAD	Acadia Pharmaceuticals Inc	−19,457	25,932	$479,482
LTH	Life Time Group Holdings, Inc.	−18,900	20,229	$313,954
UE	Urban Edge Properties	−18,138	30,790	$531,743
DOC	Healthpeak Properties, Inc.	−17,607	28,060	$526,125
MFC	Manulife Financial Corp	−16,360	14,864	$371,451
ZETA	Zeta Global Holdings Corp.	−16,075	11,311	$123,629
MUR	Murphy Oil Corp	−15,771	15,019	$686,368
ABBV	AbbVie Inc.	−15,498	7,335	$1,335,703
SRE	Sempra	−15,096	30,461	$2,188,013
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMAT	Applied Materials Inc /De	11,178	$2,305,238
WEC	Wec Energy Group, Inc.	23,328	$1,915,695
MGY	Magnolia Oil & Gas Corp	61,103	$1,585,622
ITW	Illinois Tool Works Inc	4,600	$1,234,318
NTAP	NetApp, Inc.	11,696	$1,227,729
AOS	Smith A O Corp	11,835	$1,058,759
FLS	Flowserve Corp	23,141	$1,057,080
WERN	Werner Enterprises Inc	26,734	$1,045,834
IDA	Idacorp Inc	10,535	$978,596
STZ	Constellation Brands, Inc.	3,464	$941,376
PRGS	Progress Software Corp /Ma	17,565	$936,390
STX	Seagate Technology Holdings plc	10,048	$934,966
DOV	DOVER Corp	5,270	$933,791
MU	Micron Technology Inc	7,843	$924,611
TRNO	Terreno Realty Corp	13,796	$916,054
MWA	Mueller Water Products, Inc.	52,479	$844,387
HHH	Howard Hughes Holdings Inc.	11,878	$822,287
HUN	Huntsman CORP	31,178	$811,563
KEY	Keycorp /New/	51,237	$810,056
TFC	Truist Financial Corp	20,147	$785,330
STT	State Street Corp	9,646	$745,828
AMG	Affiliated Managers Group, Inc.	4,410	$738,542
MDU	Mdu Resources Group Inc	50,730	$708,251
CPAY	Corpay, Inc.	2,269	$700,077
BR	Broadridge Financial Solutions, Inc.	3,403	$697,138
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PRU	Prudential Financial Inc	34,934	$3,623,005
LMT	Lockheed Martin Corp	6,405	$2,903,002
SEIC	Sei Investments Co	41,315	$2,625,568
BA	Boeing Co	7,805	$2,034,451
VTR	Ventas, Inc.	33,538	$1,671,533
DVN	Devon Energy Corp/De	36,867	$1,670,075
GL	Globe Life Inc.	12,968	$1,578,464
WYNN	Wynn Resorts Ltd	16,675	$1,519,259
TRGP	Targa Resources Corp.	17,481	$1,518,574
CDNS	Cadence Design Systems Inc	4,863	$1,324,535
AIG	American International Group, Inc.	19,494	$1,320,718
LHX	L3harris Technologies, Inc. /De/	5,708	$1,202,218
ADBE	Adobe Inc.	2,012	$1,200,359
CNP	Centerpoint Energy Inc	40,364	$1,153,199
MS	Morgan Stanley	11,472	$1,069,764
HLT	Hilton Worldwide Holdings Inc.	5,852	$1,065,590
XYZ	Block, Inc.	13,600	$1,051,960
PAYX	Paychex Inc	8,619	$1,026,609
BRX	Brixmor Property Group Inc.	41,836	$973,523
KO	Coca Cola Co	16,009	$943,410
KIM	Kimco Realty Corp	43,590	$928,902
CFG	Citizens Financial Group Inc/Ri	27,942	$925,997
KDP	Keurig Dr Pepper Inc.	26,591	$886,012
MGM	MGM Resorts International	19,740	$881,983
ADM	Archer-Daniels-Midland Co	11,959	$863,678
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $9,205,240 total · Basic Materials only · as of Mar 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PPG	Ppg Industries Inc Basic Materials	Added	13,656	+1,850	$1,978,754	+12.1%	21.50%
SHW	Sherwin Williams Co Basic Materials	Reduced	3,477	-180	$1,207,666	+5.9%	13.12%
FUL	Fuller H B Co Basic Materials	Added	10,685	+7,558	$852,021	+234.7%	9.26%
HUN	Huntsman CORP Basic Materials	NEW	31,178	NEW	$811,563	NEW	8.82%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	17,085	-6,581	$803,336	−20.3%	8.73%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Added	22,703	+13,220	$780,756	+142.4%	8.48%
RPM	Rpm International Inc/De/ Basic Materials	Reduced	6,001	-4,116	$713,818	−36.8%	7.75%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	2,543	+1,255	$616,092	+74.7%	6.69%
ECL	Ecolab Inc. Basic Materials	Reduced	1,790	-2,293	$413,311	−49.0%	4.49%
NUE	Nucor Corp Basic Materials	NEW	1,428	NEW	$282,601	NEW	3.07%
STLD	Steel Dynamics Inc Basic Materials	Reduced	1,748	-822	$259,106	−14.6%	2.81%
NEM	NEWMONT Corp /DE/ Basic Materials	NEW	6,921	NEW	$248,048	NEW	2.69%
CSTM	Constellium SE Basic Materials	NEW	10,772	NEW	$238,168	NEW	2.59%