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14B Captial Management LP 13F Disclosure (Q4 2025) — Portfolio & Holdings
14B Captial Management LPCIK: 0002009911
Sector-focusedContrarianQuality / disciplined sizing
Total reported value
$124.4M
Reporting period: 2025-12-31 · Number of holdings: 18
14B Captial Management LP disclosed 18 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $124.4M and a quarterly turnover rate of 56.0%.
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Personality snowflake
- Concentration
- 52.79
- Portfolio Stability
- 55.96
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 36
- Sizing Uniformity
- 87.93
14B Captial Management LP's disclosed holdings carry a Herfindahl concentration index of 0.132 — mathematically equivalent to about 8 equally-sized positions, well below its 18 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.21), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 57% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim CHTR
-68.7% -$15.7M
Trim CCOI
-62.2% -$13.6M
Add V
-1.0% $396.4K
Add MA
-1.0% -$162.2K
Trim STNE
-34.6% -$8.6M
Trim PAGS
-43.8% -$5.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MA | Mastercard Inc - A | Stock-Financials | 19.53% | +5.22% | -1.02% | |
| 2 | V | Visa Inc-class A Shares | Stock-Financials | 19.53% | +5.55% | -1.05% | |
| 3 | FOUR | Shift4 Payments Inc-class A | Stock-Tech | 19.49% | +1.51% | -3.02% | |
| 4 | STNE | StoneCo Ltd. | Stock-Other | 7.24% | -3.06% | -34.59% | |
| 5 | PAGS | PagSeguro Digital Ltd. | Stock-Other | 5.64% | -1.94% | -43.78% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.99% | +4.99% | NEW | |
| 7 | CHTR | Charter Communications Inc-a | Stock-Comm Services | 3.94% | -8.13% | -68.67% | |
| 8 | COF | Capital One Financial CORP | Stock-Financials | 3.90% | -0.21% | -39.39% | |
| 9 | CIB | Grupo Cibest Sa-adr | Stock-Other | 3.58% | +0.18% | -37.50% | |
| 10 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 3.03% | +3.03% | NEW | |
| 11 | CCOI | Cogent Communications Holdin | Stock-Other | 2.95% | -7.14% | -62.19% | |
| 12 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.85% | +1.85% | NEW | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.11% | +1.11% | NEW | |
| 14 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.85% | +0.85% | NEW | |
| 15 | MSFT | Microsoft CORP | Stock-Tech | 0.78% | +0.78% | NEW | |
| 16 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.70% | +0.70% | NEW | |
| 17 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.50% | +0.50% | NEW | |
| 18 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.40% | +0.40% | NEW |
Portfolio Performance
Performance for Q3 2026
+7.9%
Performance Last 4 Quarters
-13.8%
- Stdev
- +16.7%
- Beta
- +0.84
- Alpha
- -15.2%
- Max Drawdown
- -22.9%
- Annualized Perf
- -1.1%
- Batting Avg vs S&P
- +30%
- Sortino
- +0.03
- Stutzer
- 0
- Treynor
- 0
- Sterling
- -0.04
- Calmar
- -0.05
- Information Ratio
- -1.36
- Tracking Error
- +13.4%
- Stdev Down
- +10.7%
- Winning Months %
- +46.7%
- Losing Months %
- +53.3%
- Best 12 Months
- +21.8%
- Worst 12 Months
- -19.8%
- Efficiency Ratio
- +0.02
- Sharpe
- +0.02
- Stdev Sectors
- +29.3%
- Skewness
- +0.38
- Kurtosis
- -0.38
- Upside Potential
- +2.08
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
14B Captial Management LP's most significant position changes for 2025-12-31: Sold out: Cable One Inc (CABO); New buy: Meta Platforms Inc-class A (META); New buy: Mercadolibre Inc (MELI); New buy: Invesco S&p 500 Equal Weight (RSP); New buy: Amazon.com Inc (AMZN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | +5.6% | -1.05% | Trim |
| 2 | MA | Mastercard Inc - A | +5.2% | -1.02% | Trim |
| 3 | FOUR | Shift4 Payments Inc-class A | +1.5% | -3.02% | Trim |
| 4 | CIB | Grupo Cibest Sa-adr | +0.2% | -37.50% | Trim |
| 5 | COF | Capital One Financial CORP | -0.2% | -39.39% | Trim |
| 6 | PAGS | PagSeguro Digital Ltd. | -1.9% | -43.78% | Trim |
| 7 | STNE | StoneCo Ltd. | -3.1% | -34.59% | Trim |
| 8 | CCOI | Cogent Communications Holdin | -7.1% | -62.19% | Trim |
| 9 | CHTR | Charter Communications Inc-a | -8.1% | -68.67% | Trim |
| 10 | CABO | Cable One Inc | — | EXIT | Sold out |
| 11 | META | Meta Platforms Inc-class A | — | NEW | New buy |
| 12 | MELI | Mercadolibre Inc | — | NEW | New buy |
| 13 | RSP | Invesco S&p 500 Equal Weight | — | NEW | New buy |
| 14 | AMZN | Amazon.com Inc | — | NEW | New buy |
| 15 | VXUS | Vanguard Total Intl Stock | — | NEW | New buy |
| 16 | MSFT | Microsoft CORP | — | NEW | New buy |
| 17 | VEA | Vanguard Ftse Developed ETF | — | NEW | New buy |
| 18 | GOOGL | Alphabet Inc-cl A | — | NEW | New buy |
| 19 | VTI | Vanguard Total Stock Mkt ETF | — | NEW | New buy |
Filing History
FAQ
What is 14B Captial Management LP and what type of investor is it?
14B Captial Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $124.4M, spread across 18 disclosed positions.
What are 14B Captial Management LP's largest equity positions?
Based on the latest 13F filing, 14B Captial Management LP's top holdings by market value are:
1. Mastercard Inc - A (MA) — $24.3M (19.5%)
2. Visa Inc-class A Shares (V) — $24.3M (19.5%)
3. Shift4 Payments Inc-class A (FOUR) — $24.2M (19.5%)
4. StoneCo Ltd. (STNE) — $9.0M (7.2%)
5. PagSeguro Digital Ltd. (PAGS) — $7.0M (5.6%)
What changes did 14B Captial Management LP make in its most recent portfolio filing?
In the latest reported quarter, 14B Captial Management LP made 19 notable position adjustments: 9 new positions were initiated, 0 existing holdings were added to, 9 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Cable One Inc (CABO); New buy: Meta Platforms Inc-class A (META); New buy: Mercadolibre Inc (MELI); New buy: Invesco S&p 500 Equal Weight (RSP); New buy: Amazon.com Inc (AMZN)
What sectors does 14B Captial Management LP focus on?
14B Captial Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 75.0%
• Communication Services: 16.5%
• Consumer Discretionary: 7.2%
• Information Technology: 1.4%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
14B Captial Management LP returned an annualized -1.1% over the trailing 30 months — underperforming the S&P 500 by 15.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.84 (less volatile than the market) and a 30% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 75.0% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 56 over the past 4 quarters — a shift toward more active trading.
It has trimmed its FOUR position for two straight quarters, cutting it by $25.0M while still holding $24.2M.
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