14B Captial Management LP
Filing Date
Global Rank
#5,266
/ 8,420
▼ 757
Top Industry
Credit Services
44.7%
3Y Alpha vs SPY
-24.8%
Period ended 6 months ago
Filed Feb 17, 2026 · 4mo
9 quarters · since Dec 2023
Clone Performance
Feb 2024–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-10.8%
SPY
+52.9%
Annualised alpha
-24.8%
Max drawdown
−30.7%
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
14 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
20.3%
+2.3 pts
Top 5
74.2%
+5.6 pts
Top 10
94.4%
−5.6 pts
HHI
1,421
Diversified+220
Portfolio Trend
9 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 48.4% | $57,889,532 |
| Technology | 34.5% | $41,235,720 |
| Communication Services | 12.9% | $15,401,671 |
| Consumer Cyclical | 4.3% | $5,151,586 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PAGS | PagSeguro Digital Ltd. | −567,000 | 728,000 | $7,017,920 | |
| STNE | StoneCo Ltd. | −322,000 | 609,000 | $9,007,110 | |
| CCOI | Cogent Communications Holdings, Inc. | −279,633 | 170,000 | $3,665,200 | |
| CHTR | Charter Communications, Inc. /Mo/ | −51,500 | 23,500 | $4,905,625 | |
| CIB | Grupo Cibest S.A. | −42,000 | 70,000 | $4,452,700 | |
| COF | Capital One Financial Corp | −13,000 | 20,000 | $4,847,200 | |
| FOUR | Shift4 Payments, Inc. | −12,000 | 385,000 | $24,243,450 | |
| V | Visa Inc. | −732 | 69,268 | $24,292,980 | |
| MA | Mastercard Inc | −440 | 42,560 | $24,296,652 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
5 positions
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CABO | Cable One, Inc. | 59,500 | $10,534,475 | |
| No positions match the current search. | ||||
14 positions ·
$119,678,509 total
· as of Dec 31, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MA |
Mastercard Inc
Financial Services
|
Reduced | 42,560 | $24,296,652 | 20.30% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 69,268 | $24,292,980 | 20.30% | |
| FOUR |
Shift4 Payments, Inc.
Technology
|
Reduced | 385,000 | $24,243,450 | 20.26% | |
| STNE |
StoneCo Ltd.
Technology
|
Reduced | 609,000 | $9,007,110 | 7.53% | |
| PAGS |
PagSeguro Digital Ltd.
Technology
|
Reduced | 728,000 | $7,017,920 | 5.86% | |
| META |
Meta Platforms, Inc.
Communication Services
|
NEW | 9,400 | $6,204,846 | 5.18% | |
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Reduced | 23,500 | $4,905,625 | 4.10% | |
| COF |
Capital One Financial Corp
Financial Services
|
Reduced | 20,000 | $4,847,200 | 4.05% | |
| CIB |
Grupo Cibest S.A.
Financial Services
|
Reduced | 70,000 | $4,452,700 | 3.72% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
NEW | 1,870 | $3,766,666 | 3.15% | |
| CCOI |
Cogent Communications Holdings, Inc.
Communication Services
|
Reduced | 170,000 | $3,665,200 | 3.06% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
NEW | 6,000 | $1,384,920 | 1.16% | |
| MSFT |
Microsoft Corp
Technology
|
NEW | 2,000 | $967,240 | 0.81% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
NEW | 2,000 | $626,000 | 0.52% |