Iron Triangle Partners LP

High-turnover traderSector-focusedQuality / disciplined sizing

Total reported value

$874.7M

Reporting period: 2025-12-31 · Number of holdings: 27

Iron Triangle Partners LP disclosed 27 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $874.7M and a quarterly turnover rate of 128.0%.

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Personality snowflake

Concentration: 17.91
Portfolio Stability: 100
Momentum/Contrarian: 79.48
Sector conviction: 100
Diversification: 54
Sizing Uniformity: 95.34

Recent moves

Trim CVS
-45.8%　-$25.8M
Add JAZZ
+94.8%　$29.9M
Add CRL
+41.7%　$33.8M
Add VCYT
+102.1%　$24.6M
Trim BTSG
-27.5%　-$3.0M
Add DOCS
+226.9%　$15.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	CRL	Charles River Laboratories	Stock-Healthcare	8.66%	+2.70%	+41.69%
2	ISRG	Intuitive Surgical INC	Stock-Healthcare	6.12%	+6.12%	NEW
3	RGEN	Repligen CORP	Stock-Healthcare	6.00%	+0.87%	+18.69%
4	JAZZ	Jazz Pharmaceuticals plc	Stock-Healthcare	5.68%	+2.87%	+94.78%
5	VCYT	Veracyte INC	Stock-Other	4.72%	+2.35%	+102.14%
6	BSX	Boston Scientific CORP	Stock-Healthcare	4.59%	+4.59%	NEW
7	WAT	Waters CORP	Stock-Healthcare	4.57%	+4.57%	NEW
8	BKD	Brookdale Senior Living INC	Stock-Other	4.31%	+0.89%	+23.02%
9	LLY	Eli Lilly & Co	Stock-Healthcare	4.31%	-1.07%	-29.28%
10	BRKR	Bruker CORP	Stock-Healthcare	4.28%	+4.28%	NEW
11	VRTX	Vertex Pharmaceuticals INC	Stock-Healthcare	3.99%	+3.99%	NEW
12	CVS	Cvs Health CORP	Stock-Healthcare	3.92%	-4.63%	-45.80%
13	FTRE	Fortrea Holdings INC	Stock-Healthcare	3.92%	+3.92%	NEW
14	MMSI	Merit Medical Systems INC	Stock-Healthcare	3.89%	+3.89%	NEW
15	BTSG	Brightspring Health Services	Stock-Other	3.84%	-1.37%	-27.54%
16	DOCS	Doximity Inc-class A	Stock-Healthcare	3.48%	+1.30%	+226.94%
17	TECH	Bio-techne CORP	Stock-Healthcare	3.14%	+3.14%	NEW
18	ATEC	Alphatec Holdings INC	Stock-Other	3.09%	+3.09%	NEW
19	AHCO	Adapthealth CORP	Stock-Other	2.97%	+0.52%	+35.59%
20	NVST	Envista Holdings CORP	Stock-Healthcare	2.95%	+2.95%	NEW
21	UNH	Unitedhealth Group INC	Stock-Healthcare	2.65%	+2.65%	NEW
22	ABT	Abbott Laboratories	Stock-Healthcare	2.51%	+2.51%	NEW
23	IDYA	Ideaya Biosciences INC	Stock-Other	1.85%	+0.81%	+73.14%
24	BHVN	Biohaven Ltd.	Stock-Other	1.24%	+1.24%	NEW
25	XENE	Xenon Pharmaceuticals INC	Stock-Other	1.20%	+1.20%	NEW
26	DNTH	Dianthus Therapeutics INC	Stock-Other	1.09%	+1.09%	NEW
27	MLYS	Mineralys Therapeutics INC	Stock-Other	1.07%	+1.07%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-12-31	27	$874.7M	100	1CRL 2ISRG 3RGEN Top holdings2025-12-31 1.CRL 2.ISRG 3.RGEN 4.JAZZ 5.VCYT 6.BSX 7.WAT 8.BKD 9.LLY 10.BRKR
2025-09-30	25	$703.3M	100	1CVS 2DXCM 3ABBV Top holdings2025-09-30 1.CVS 2.DXCM 3.ABBV 4.MDT 5.CRL 6.LLY 7.BTSG 8.RGEN 9.GKOS 10.THC
2025-06-30	27	$651.2M	0	1CVS 2CRL 3ABBV Top holdings2025-06-30 1.CVS 2.CRL 3.ABBV 4.MMSI 5.ICLR 6.MDT 7.THC 8.ISRG 9.HCA 10.DOCS
2025-03-31	27	$634.4M	100	1DVA 2CAH 3ABBV Top holdings2025-03-31 1.DVA 2.CAH 3.ABBV 4.TEVA 5.BSX 6.GMED 7.THC 8.PODD 9.AZNN 10.ONC
2024-12-31	23	$908.4M	0	1UNH 2A 3GMED Top holdings2024-12-31 1.UNH 2.A 3.GMED 4.ABBV 5.TEVA 6.BSX 7.NBIX 8.NVST 9.PODD 10.MMSI
2024-09-30	25	$721.8M	0	1ELAN 2MEDP 3ILMN Top holdings2024-09-30 1.ELAN 2.MEDP 3.ILMN 4.THC 5.ACHC 6.NVST 7.ISRG 8.TEVA 9.OSCR 10.DHR
2024-06-30	26	$983.7M	0	1ACHC 2EW 3DXCM Top holdings2024-06-30 1.ACHC 2.EW 3.DXCM 4.GKOS 5.ELAN 6.ISRG 7.MCK 8.TEVA 9.PODD 10.ABBV
2024-03-31	29	$976.3M	0	1ACHC 2DXCM 3ICLR Top holdings2024-03-31 1.ACHC 2.DXCM 3.ICLR 4.ABBV 5.ISRG 6.EXK 7.WST 8.ALGN 9.ILMN 10.BRKR
2023-12-31	26	$772.9M	0	1ACHC 2UHS 3ICLR Top holdings2023-12-31 1.ACHC 2.UHS 3.ICLR 4.ELAN 5.IDXX 6.ISRG 7.ABBV 8.MCK 9.DXCM 10.SGRY
2023-09-30	23	$684.2M	0	1UHS 2ACHC 3DXCM Top holdings2023-09-30 1.UHS 2.ACHC 3.DXCM 4.UTHR 5.ISRG 6.ELAN 7.ABBV 8.APLSUSD 9.GKOS 10.ICLR
2023-06-30	23	$748.1M	0	1ICLR 2UHS 3ABBV Top holdings2023-06-30 1.ICLR 2.UHS 3.ABBV 4.EXK 5.BSX 6.UTHR 7.ISRG 8.ACHC 9.G31249 10.PACB
2023-03-31	27	$693.2M	0	1SNY 2ABBV 3ICLR Top holdings2023-03-31 1.SNY 2.ABBV 3.ICLR 4.DXCM 5.UNH 6.ACHC 7.GILD 8.EVH 9.COO 10.ISRG
2022-12-31	26	$557.8M	0	1ICLR 2CRL 3UHS Top holdings2022-12-31 1.ICLR 2.CRL 3.UHS 4.COO 5.SGRY 6.GILD 7.SNY 8.RGEN 9.BSX 10.G31249
2022-09-30	27	$572.0M	0	1CRL 2CI 3NBIX Top holdings2022-09-30 1.CRL 2.CI 3.NBIX 4.SNY 5.HQY 6.ACHC 7.BSX 8.GH 9.HCA 10.NARIUSD
2022-06-30	25	$771.2M	0	1SPY 2ABBV 3HUM Top holdings2022-06-30 1.SPY 2.ABBV 3.HUM 4.RGEN 5.GH 6.BSX 7.DXCM 8.ACHC 9.ICLR 10.NBIX
2022-03-31	28	$840.7M	0	1ICLR2G461883GH Top holdings2022-03-31 1.ICLR 2.G46188 3.GH 4.UNH 5.CTLTEUR 6.NVROEUR 7.ABBV 8.ILMN 9.HO1 10.DXCM
2021-12-31	25	$717.7M	0	1DVA 2NVST 3GH Top holdings2021-12-31 1.DVA 2.NVST 3.GH 4.CTLTEUR 5.ACHC 6.UTHR 7.NVROEUR 8.ICLR 9.ABBV 10.NSTGEUR
2021-09-30	26	$696.8M	0	1G461882NVST 3HUM Top holdings2021-09-30 1.G46188 2.NVST 3.HUM 4.NVROEUR 5.HO1 6.ABBV 7.CTLTEUR 8.ICLR 9.MOH 10.CNMD
2021-06-30	26	$970.8M	90	1HUM 2CTLTEUR 3MOH Top holdings2021-06-30 1.HUM 2.CTLTEUR 3.MOH 4.ABBV 5.WAT 6.G46188 7.CRL 8.ISRG 9.NVROEUR 10.EHC
2021-03-31	27	$786.5M	74	1EHC 2UNH 3ZBH Top holdings2021-03-31 1.EHC 2.UNH 3.ZBH 4.MOH 5.G46188 6.50540R 7.CRL 8.ALGN 9.NVST 10.HAE
2020-12-31	26	$771.5M	99	1EXK 2IWM 3ZBH Top holdings2020-12-31 1.EXK 2.IWM 3.ZBH 4.G46188 5.UNH 6.HCA 7.EHC 8.CRL 9.HAE 10.MOH
2020-09-30	25	$447.5M	60	1EHC 2ZBH 3CRL Top holdings2020-09-30 1.EHC 2.ZBH 3.CRL 4.G46188 5.CTLTEUR 6.HO1 7.BSX 8.NVROEUR 9.IQV 10.PACB
2020-06-30	24	$397.1M	84	1EHC 2BMY 3HO1 Top holdings2020-06-30 1.EHC 2.BMY 3.HO1 4.BAX 5.G46188 6.CRL 7.BSX 8.CTLTEUR 9.IQV 10.TWST
2020-03-31	26	$258.5M	100	1EHC 2BSX3G46188 Top holdings2020-03-31 1.EHC 2.BSX 3.G46188 4.NVROEUR 5.BMY 6.MOH 7.CRL 8.HUM 9.CHNGUSD 10.TWST
2019-12-31	23	$377.3M	0	1BSX 2ZBH 3EHC Top holdings2019-12-31 1.BSX 2.ZBH 3.EHC 4.ILMN 5.HCA 6.HUM 7.BMY 8.G46188 9.NVST 10.ELV

Holding changes this quarter

Iron Triangle Partners LP's most significant position changes for 2025-12-31: Sold out: Dexcom INC (DXCM); New buy: Intuitive Surgical INC (ISRG); Sold out: Abbvie INC (ABBV); Sold out: Medtronic plc (MDT); New buy: Boston Scientific CORP (BSX).

Position changes disclosed by Iron Triangle Partners LP for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	JAZZ	Jazz Pharmaceuticals plc	+2.9%	+94.78%	Add
2	CRL	Charles River Laboratories	+2.7%	+41.69%	Add
3	VCYT	Veracyte INC	+2.4%	+102.14%	Add
4	DOCS	Doximity Inc-class A	+1.3%	+226.94%	Add
5	BKD	Brookdale Senior Living INC	+0.9%	+23.02%	Add
6	RGEN	Repligen CORP	+0.9%	+18.69%	Add
7	IDYA	Ideaya Biosciences INC	+0.8%	+73.14%	Add
8	AHCO	Adapthealth CORP	+0.5%	+35.59%	Add
9	LLY	Eli Lilly & Co	-1.1%	-29.28%	Trim
10	BTSG	Brightspring Health Services	-1.4%	-27.54%	Trim
11	CVS	Cvs Health CORP	-4.6%	-45.80%	Trim
12	DXCM	Dexcom INC	—	EXIT	Sold out
13	ISRG	Intuitive Surgical INC	—	NEW	New buy
14	ABBV	Abbvie INC	—	EXIT	Sold out
15	MDT	Medtronic plc	—	EXIT	Sold out
16	BSX	Boston Scientific CORP	—	NEW	New buy
17	WAT	Waters CORP	—	NEW	New buy
18	BRKR	Bruker CORP	—	NEW	New buy
19	VRTX	Vertex Pharmaceuticals INC	—	NEW	New buy
20	FTRE	Fortrea Holdings INC	—	NEW	New buy
21	MMSI	Merit Medical Systems INC	—	NEW	New buy
22	GKOS	Glaukos CORP	—	EXIT	Sold out
23	THC	Tenet Healthcare CORP	—	EXIT	Sold out
24	TECH	Bio-techne CORP	—	NEW	New buy
25	EXK	Exact Sciences CORP	—	EXIT	Sold out
26	ADPT	Adaptive Biotechnologies	—	EXIT	Sold out
27	ATEC	Alphatec Holdings INC	—	NEW	New buy
28	MDGL	Madrigal Pharmaceuticals INC	—	EXIT	Sold out
29	NVST	Envista Holdings CORP	—	NEW	New buy
30	GH	Guardant Health INC	—	EXIT	Sold out
31	UNH	Unitedhealth Group INC	—	NEW	New buy
32	ABT	Abbott Laboratories	—	NEW	New buy
33	CAH	Cardinal Health INC	—	EXIT	Sold out
34	NBIX	Neurocrine Biosciences INC	—	EXIT	Sold out
35	WST	West Pharmaceutical Services	—	EXIT	Sold out
36	AM6	Amicus Therapeutics INC	—	EXIT	Sold out
37	BHVN	Biohaven Ltd.	—	NEW	New buy
38	XENE	Xenon Pharmaceuticals INC	—	NEW	New buy
39	DNTH	Dianthus Therapeutics INC	—	NEW	New buy
40	MLYS	Mineralys Therapeutics INC	—	NEW	New buy
41	ARGX	Argenx Se - Adr	—	EXIT	Sold out

FAQ

What is Iron Triangle Partners LP and what type of investor is it?

Iron Triangle Partners LP is a 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 $874.7M, spread across 27 disclosed positions.

What are Iron Triangle Partners LP's largest equity positions?

Based on the latest 13F filing, Iron Triangle Partners LP's top holdings by market value are: 1. Charles River Laboratories (CRL) — $75.7M (8.7%) 2. Intuitive Surgical INC (ISRG) — $53.5M (6.1%) 3. Repligen CORP (RGEN) — $52.5M (6.0%) 4. Jazz Pharmaceuticals plc (JAZZ) — $49.7M (5.7%) 5. Veracyte INC (VCYT) — $41.3M (4.7%)

What changes did Iron Triangle Partners LP make in its most recent portfolio filing?

In the latest reported quarter, Iron Triangle Partners LP made 41 notable position adjustments: 16 new positions were initiated, 8 existing holdings were added to, 3 positions were partially reduced, and 14 were completely exited. The largest of these moves: Sold out: Dexcom INC (DXCM); New buy: Intuitive Surgical INC (ISRG); Sold out: Abbvie INC (ABBV); Sold out: Medtronic plc (MDT); New buy: Boston Scientific CORP (BSX)

What sectors does Iron Triangle Partners LP focus on?

Iron Triangle Partners LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 100.0%