Endurant Capital Management LP

CIK

1633055

Location

San Mateo, CA

Portfolio Value

Micro $16,543,344

Diversification

Diversified

Filing Date

Global Rank

#7,343 / 7,461 ▼ 1215 · as of Dec 2023

Top Industry

Medical Devices 30.8%

Period ended 2 years ago

Filed Feb 14, 2024 · 2y

16 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 71.8% of the book (60%+)

Turnover

High turnover

115.9% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.8 quarters (under 4)

Closest benchmark: the Russell 1000 as of 2023-12-31, active share 97.8%; sector active share 77.3% against the combined 13F book's sector weights.

Over time 16 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

24 tracked positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

13.7%

−1.6 pts

Top 5

48.9%

+10.0 pts

Top 10

71.8%

+13.5 pts

HHI

688

Diversified+162

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Healthcare	88.9%	$14,709,980	22
Unclassified	9.4%	$1,547,722	1
Real Estate	1.7%	$285,642	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
AVTR	Avantor, Inc.	−202,279	24,598	$561,572
SBRA	Sabra Health Care REIT, Inc.	−183,775	20,017	$285,642
BMRN	Biomarin Pharmaceutical Inc	−174,918	4,650	$448,353
KIDS	Orthopediatrics Corp	−56,936	13,428	$436,544
QDEL	QuidelOrtho Corp	−21,600	5,147	$379,333
THC	Tenet Healthcare Corp	−19,848	7,303	$551,887
ZBH	Zimmer Biomet Holdings, Inc.	−11,833	5,646	$687,118
ELV	Elevance Health, Inc.	−10,874	2,627	$1,238,788
COR	Cencora, Inc.	−10,616	990	$203,326
COO	Cooper Companies, Inc.	−10,545	988	$373,898
TMO	Thermo Fisher Scientific Inc.	−10,055	3,794	$2,013,817
BSX	Boston Scientific Corp	−8,785	39,108	$2,260,833
—		−6,119	11,631	$831,035
HUM	Humana Inc	−6,115	469	$214,712
PODD	Insulet Corp	−4,972	3,906	$847,523
CI	Cigna Group	−4,699	1,384	$414,438
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
—		24,871	$1,547,722
ICLR	Icon PLC	3,659	$1,035,753
EHC	Encompass Health Corp	12,870	$858,686
PFE	Pfizer Inc	15,790	$454,594
A	Agilent Technologies, Inc.	1,900	$264,157
FTRE	Fortrea Holdings Inc.	6,988	$243,881
QGEN	Qiagen N.V.	5,219	$233,912
ACRS	Aclaris Therapeutics, Inc.	148,400	$155,820
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BRKR	Bruker Corp	111,276	$6,932,494
MRK	Merck & Co., Inc.	44,384	$4,569,332
ARGX	Argenx SE	9,108	$4,477,766
CNMD	CONMED Corp	41,984	$4,234,086
TXG	10x Genomics, Inc.	71,044	$2,930,565
OHI	Omega Healthcare Investors Inc	80,070	$2,655,121
SYK	Stryker Corp	7,547	$2,062,368
INSM	INSMED Inc	79,471	$2,006,642
DXCM	Dexcom Inc	20,694	$1,930,750
ABT	Abbott Laboratories	18,040	$1,747,174
—		82,153	$1,268,442
OCUL	Ocular Therapeutix, Inc	353,707	$1,110,639
AZTA	Azenta, Inc.	19,422	$974,790
TARS	Tarsus Pharmaceuticals, Inc.	47,649	$846,722
AHCO	AdaptHealth Corp.	89,937	$818,426
AXSM	Axsome Therapeutics, Inc.	11,254	$786,542
IQV	Iqvia Holdings Inc.	3,946	$776,375
OLMA	Olema Pharmaceuticals, Inc.	58,573	$723,376
—		18,458	$641,046
—		14,158	$507,989
GDRX	GoodRx Holdings, Inc.	87,290	$491,442
RNAC	Cartesian Therapeutics, Inc.	453,314	$480,512
TLT	iShares 20+ Year Treasury Bond ETF	3,400	$301,546
NVST	Envista Holdings Corp	10,787	$300,741
ADAPY	Adaptimmune Therapeutics PLC	311,944	$243,316
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 tracked positions · $16,543,344 total · filing declares 25 positions · $17,441,623 · as of Dec 31, 2023

All sectors Healthcare Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
BSX	Boston Scientific Corp Healthcare	Reduced	39,108	-8,785	$2,260,833	−10.6%	3	$52.23	13.67%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	3,794	-10,055	$2,013,817	−71.3%	2	$532.87	12.17%
		NEW	24,871	NEW	$1,547,722	NEW	1	unpriced	9.36%
ELV	Elevance Health, Inc. Healthcare	Reduced	2,627	-10,874	$1,238,788	−78.9%	6	$466.82	7.49%
ICLR	Icon PLC Healthcare	NEW	3,659	NEW	$1,035,753	NEW	1	$258.75	6.26%
EHC	Encompass Health Corp Healthcare	NEW	12,870	NEW	$858,686	NEW	1	$64.77	5.19%
PODD	Insulet Corp Healthcare	Reduced	3,906	-4,972	$847,523	−40.1%	2	$223.91	5.12%
		Reduced	11,631	-6,119	$831,035	−32.5%	2	unpriced	5.02%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Reduced	5,646	-11,833	$687,118	−65.0%	2	$126.99	4.15%
AVTR	Avantor, Inc. Healthcare	Reduced	24,598	-202,279	$561,572	−88.3%	2	$21.27	3.39%
THC	Tenet Healthcare Corp Healthcare	Reduced	7,303	-19,848	$551,887	−69.2%	11	$59.34	3.34%
PFE	Pfizer Inc Healthcare	NEW	15,790	NEW	$454,594	NEW	1	$30.23	2.75%
BMRN	Biomarin Pharmaceutical Inc Healthcare	Reduced	4,650	-174,918	$448,353	−97.2%	7	$91.24	2.71%
KIDS	Orthopediatrics Corp Healthcare	Reduced	13,428	-56,936	$436,544	−80.6%	3	$39.68	2.64%
CI	Cigna Group Healthcare	Reduced	1,384	-4,699	$414,438	−76.2%	11	$272.01	2.51%
QDEL	QuidelOrtho Corp Healthcare	Reduced	5,147	-21,600	$379,333	−80.6%	2	$79.87	2.29%
COO	Cooper Companies, Inc. Healthcare	Reduced	988	-10,545	$373,898	−89.8%	2	$368.52	2.26%
SBRA	Sabra Health Care REIT, Inc. Real Estate	Reduced	20,017	-183,775	$285,642	−89.9%	2	$12.79	1.73%
A	Agilent Technologies, Inc. Healthcare	NEW	1,900	NEW	$264,157	NEW	1	$118.97	1.60%
FTRE	Fortrea Holdings Inc. Healthcare	NEW	6,988	NEW	$243,881	NEW	1	$30.57	1.47%
QGEN	Qiagen N.V. Healthcare	NEW	5,219	NEW	$233,912	NEW	1	$41.39	1.41%
HUM	Humana Inc Healthcare	Reduced	469	-6,115	$214,712	−93.3%	2	$469.94	1.30%
COR	Cencora, Inc. Healthcare	Reduced	990	-10,616	$203,326	−90.3%	2	$184.69	1.23%
ACRS	Aclaris Therapeutics, Inc. Healthcare	NEW	148,400	NEW	$155,820	NEW	1	$3.05	0.94%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.