Lagoda Investment Management, L.P.

CIK

1632108

Location

NEW YORK, NY

Portfolio Value

Small $158,286,935

Diversification

Diversified

Filing Date

Global Rank

#4,638 / 8,420 ▲ 223

Top Industry

Oil & Gas E&P 18.9%

3Y Alpha vs SPY

-7.7%

Period ended 6 months ago

Filed Feb 17, 2026 · 4mo

24 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

+44.7%

SPY

+76.3%

Annualised alpha

-7.7%

Max drawdown

−35.8%

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

24 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

18.9%

+8.8 pts

Top 5

51.6%

+8.6 pts

Top 10

78.5%

+3.5 pts

HHI

839

Diversified+157

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Healthcare	30.5%	$48,306,427	5
Technology	23.5%	$37,270,833	7
Energy	18.9%	$29,934,355	1
Financial Services	13.9%	$21,944,657	4
Industrials	12.1%	$19,207,911	3
Consumer Cyclical	0.6%	$894,086	2
Communication Services	0.3%	$471,065	1
Unclassified	0.2%	$257,601	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
STXS	Stereotaxis, Inc.	+153,800	4,861,200	$11,180,760
TPL	Texas Pacific Land Corp	+70,129	104,221	$29,934,355
GXO	GXO Logistics, Inc.	+165	149,095	$7,848,360
HEI	Heico Corp	+55	6,265	$2,027,291
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
VNRX	Volitionrx Ltd	−1,023,397	11,463,603	$2,980,536
DMRC	Digimarc Corp	−66,900	694,445	$4,555,559
TRUP	Trupanion, Inc.	−10,840	249,275	$9,315,406
ARM	Arm Holdings PLC /Uk	−10,235	28,435	$3,108,229
NTRA	Natera, Inc.	−4,990	79,350	$18,178,291
XPO	XPO, Inc.	−3,285	68,665	$9,332,260
TMDX	TransMedics Group, Inc.	−3,260	104,800	$12,748,920
UI	Ubiquiti Inc.	−1,795	11,820	$6,540,597
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,625	31,630	$9,612,040
PTC	Ptc Inc.	−635	50,510	$8,799,347
RNR	Renaissancere Holdings Ltd	−575	26,215	$7,370,609
BRK-B	Berkshire Hathaway Inc	−90	3,870	$1,945,255
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SNPS	Synopsys Inc	8,752	$4,110,989
GH	Guardant Health, Inc.	31,505	$3,217,920
BABA	Alibaba Group Holding Ltd	5,508	$807,362
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ABT	Abbott Laboratories	160	$21,430
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $158,286,935 total · as of Dec 31, 2025

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TPL	Texas Pacific Land Corp Energy	Added	104,221	+70,129	$29,934,355	+182.1%	18.91%
NTRA	Natera, Inc. Healthcare	Reduced	79,350	-4,990	$18,178,291	+33.9%	11.48%
TMDX	TransMedics Group, Inc. Healthcare	Reduced	104,800	-3,260	$12,748,920	+5.2%	8.05%
STXS	Stereotaxis, Inc. Healthcare	Added	4,861,200	+153,800	$11,180,760	−23.6%	7.06%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	31,630	-1,625	$9,612,040	+3.5%	6.07%
XPO	XPO, Inc. Industrials	Reduced	68,665	-3,285	$9,332,260	+0.3%	5.90%
TRUP	Trupanion, Inc. Financial Services	Reduced	249,275	-10,840	$9,315,406	−17.3%	5.89%
PTC	Ptc Inc. Technology	Reduced	50,510	-635	$8,799,347	−15.3%	5.56%
GXO	GXO Logistics, Inc. Industrials	Added	149,095	+165	$7,848,360	−0.4%	4.96%
RNR	Renaissancere Holdings Ltd Financial Services	Reduced	26,215	-575	$7,370,609	+8.3%	4.66%
UI	Ubiquiti Inc. Technology	Reduced	11,820	-1,795	$6,540,597	−27.3%	4.13%
DMRC	Digimarc Corp Technology	Reduced	694,445	-66,900	$4,555,559	−38.8%	2.88%
SNPS	Synopsys Inc Technology	NEW	8,752	NEW	$4,110,989	NEW	2.60%
MA	Mastercard Inc Financial Services	Held	5,804	0	$3,313,387	+0.4%	2.09%
GH	Guardant Health, Inc. Healthcare	NEW	31,505	NEW	$3,217,920	NEW	2.03%
ARM	Arm Holdings PLC /Uk Technology	Reduced	28,435	-10,235	$3,108,229	−43.2%	1.96%
VNRX	Volitionrx Ltd Healthcare	Reduced	11,463,603	-1,023,397	$2,980,536	−64.9%	1.88%
HEI	Heico Corp Industrials	Added	6,265	+55	$2,027,291	+1.1%	1.28%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	3,870	-90	$1,945,255	−2.3%	1.23%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	NEW	5,508	NEW	$807,362	NEW	0.51%
MSFT	Microsoft Corp Technology	Held	1,125	0	$544,072	−6.6%	0.34%
GOOGL	Alphabet Inc. Communication Services	Held	1,505	0	$471,065	+28.8%	0.30%
GLD	Spdr Gold Trust	Held	650	0	$257,601	+11.5%	0.16%
RIVN	Rivian Automotive, Inc. / DE Consumer Cyclical	Held	4,400	0	$86,724	+34.3%	0.05%