Pavadi Capital LLC

CIK

1906649

Location

New York, NY

Portfolio Value

Micro $76,615,319

Diversification

Diversified

Filing Date

Global Rank

#5,301 / 7,317 ▼ 154

Top Industry

Healthcare Plans 56.2%

3Y Alpha vs SPY

-23.5%

Period ended 2 years ago

Filed Feb 14, 2024 · 2y

9 quarters · since Dec 2021

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

-7.9%

SPY

+76.3%

Annualised alpha

-23.5%

Max drawdown

−35.2%

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

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

Top Position

10.7%

+0.1 pts

Top 5

49.0%

+4.4 pts

Top 10

87.3%

+10.2 pts

HHI

839

Diversified+93

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Healthcare	100.0%	$76,615,319	13

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
CVS	CVS HEALTH Corp	+29,562	85,580	$6,757,396
CNC	Centene Corp	+27,958	92,349	$6,853,219
HCA	HCA Healthcare, Inc.	+12,216	27,927	$7,559,280
UNH	Unitedhealth Group Inc	+7,560	15,271	$8,039,723
HUM	Humana Inc	+6,056	13,878	$6,353,487
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
THC	Tenet Healthcare Corp	−46,234	46,433	$3,508,941
LNTH	Lantheus Holdings, Inc.	−45,102	40,492	$2,510,504
GEHC	GE HealthCare Technologies Inc.	−22,928	56,560	$4,373,219
QDEL	QuidelOrtho Corp	−10,211	50,752	$3,740,422
MOH	Molina Healthcare, Inc.	−2,261	19,079	$6,893,433
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ELV	Elevance Health, Inc.	17,374	$8,192,883
ZBH	Zimmer Biomet Holdings, Inc.	55,515	$6,756,175
BAX	Baxter International Inc	131,315	$5,076,637
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
CAH	Cardinal Health Inc	58,331	$5,064,297
INMD	InMode Ltd.	155,217	$4,727,909
IART	Integra Lifesciences Holdings Corp	99,999	$3,818,961
NVST	Envista Holdings Corp	133,299	$3,716,376
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $76,615,319 total · as of Dec 31, 2023

All sectors Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LNTH	Lantheus Holdings, Inc. Healthcare	Reduced	40,492	-45,102	$2,510,504	−57.8%	3.28%
THC	Tenet Healthcare Corp Healthcare	Reduced	46,433	-46,234	$3,508,941	−42.5%	4.58%
QDEL	QuidelOrtho Corp Healthcare	Reduced	50,752	-10,211	$3,740,422	−16.0%	4.88%
GEHC	GE HealthCare Technologies Inc. Healthcare	Reduced	56,560	-22,928	$4,373,219	−19.1%	5.71%
BAX	Baxter International Inc Healthcare	NEW	131,315	NEW	$5,076,637	NEW	6.63%
HUM	Humana Inc Healthcare	Added	13,878	+6,056	$6,353,487	+67.0%	8.29%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	NEW	55,515	NEW	$6,756,175	NEW	8.82%
CVS	CVS HEALTH Corp Healthcare	Added	85,580	+29,562	$6,757,396	+72.8%	8.82%
CNC	Centene Corp Healthcare	Added	92,349	+27,958	$6,853,219	+54.5%	8.94%
MOH	Molina Healthcare, Inc. Healthcare	Reduced	19,079	-2,261	$6,893,433	−1.5%	9.00%
HCA	HCA Healthcare, Inc. Healthcare	Added	27,927	+12,216	$7,559,280	+95.6%	9.87%
UNH	Unitedhealth Group Inc Healthcare	Added	15,271	+7,560	$8,039,723	+106.8%	10.49%
ELV	Elevance Health, Inc. Healthcare	NEW	17,374	NEW	$8,192,883	NEW	10.69%