Nicholas Investment Partners, L.P. 13F annual report

Nicholas Investment Partners, L.P. is an investment fund managing more than $1.26 trillion ran by Catherine Newcomb. There are currently 149 companies in Mrs. Newcomb’s portfolio. The largest investments include Argenx Se and Krystal Biotech Inc, together worth $87.3 billion.

Limited to 30 biggest holdings

$1.26 trillion Assets Under Management (AUM)

As of 6th November 2023, Nicholas Investment Partners, L.P.’s top holding is 93,566 shares of Argenx Se currently worth over $46 billion and making up 3.7% of the portfolio value. In addition, the fund holds 355,611 shares of Krystal Biotech Inc worth $41.3 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Legend Biotech Corp worth $39.8 billion and the next is Mirum Pharmaceuticals Inc worth $37.9 billion, with 1,199,366 shares owned.

Currently, Nicholas Investment Partners, L.P.'s portfolio is worth at least $1.26 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Nicholas Investment Partners, L.P.

The Nicholas Investment Partners, L.P. office and employees reside in Rancho Santa Fe, California. According to the last 13-F report filed with the SEC, Catherine Newcomb serves as the Chief Compliance Officer at Nicholas Investment Partners, L.P..

Recent trades

In the most recent 13F filing, Nicholas Investment Partners, L.P. revealed that it had opened a new position in Mirum Pharmaceuticals Inc and bought 1,199,366 shares worth $37.9 billion. This means they effectively own approximately 0.1% of the company. Mirum Pharmaceuticals Inc makes up 7.4% of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Argenx Se by buying 27,317 additional shares. This makes their stake in Argenx Se total 93,566 shares worth $46 billion.

On the other hand, there are companies that Nicholas Investment Partners, L.P. is getting rid of from its portfolio. Nicholas Investment Partners, L.P. closed its position in Prometheus Biosciences Inc on 13th November 2023. It sold the previously owned 489,235 shares for $28.9 million. Catherine Newcomb also disclosed a decreased stake in Celsius Inc by 0.3%. This leaves the value of the investment at $17.9 billion and 104,094 shares.

One of the largest hedge funds

The two most similar investment funds to Nicholas Investment Partners, L.P. are Rwc Asset Management LL.P. and Mckinley Carter Wealth Services. They manage $1.25 trillion and $1.25 trillion respectively.


Catherine Newcomb investment strategy

Nicholas Investment Partners, L.P.’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Health Care — making up 40.7% of the total portfolio value. The fund focuses on investments in the United States as 59.7% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 26% of the total holdings value. On the other hand, small-cap stocks make up only 1.3% of the portfolio. The average market cap of the portfolio companies is close to $89.7 billion.

The complete list of Nicholas Investment Partners, L.P. trades based on 13F SEC filings

These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Argenx Se
41.23%
93,566
$45,999,853,000 3.66%
Krystal Biotech Inc
60.17%
355,611
$41,250,876,000 3.28%
Legend Biotech Corp
48.44%
593,010
$39,832,482,000 3.17%
Mirum Pharmaceuticals Inc
Opened
1,199,366
$37,899,966,000 3.01%
Roivant Sciences Ltd
Opened
2,998,135
$35,018,217,000 2.79%
Vertex Pharmaceuticals, Inc.
50.94%
94,758
$32,951,147,000 2.62%
Immunogen, Inc.
Opened
2,067,561
$32,812,193,000 2.61%
Establishment Labs Holdings Inc
68.82%
620,622
$30,453,922,000 2.42%
Xenon Pharmaceuticals Inc
Opened
854,447
$29,187,910,000 2.32%
Cytokinetics Inc
99.25%
942,137
$27,755,356,000 2.21%
Axsome Therapeutics Inc
Opened
394,980
$27,605,152,000 2.20%
Cymabay Therapeutics Inc
Opened
1,840,014
$27,434,609,000 2.18%
Day One Biopharmaceuticals I
188.97%
2,188,654
$26,854,785,000 2.14%
Immunocore Hldgs Plc
Opened
512,855
$26,617,175,000 2.12%
Merck Co Inc
Opened
244,934
$25,215,955,000 2.01%
Vaxcyte, Inc.
Opened
460,008
$23,451,208,000 1.87%
Sarepta Therapeutics Inc
Opened
188,085
$22,799,664,000 1.81%
TransMedics Group, Inc.
49.02%
413,714
$22,650,842,000 1.80%
Verona Pharma Plc
Opened
1,162,989
$18,956,721,000 1.51%
Celsius Holdings Inc
26.85%
104,094
$17,862,530,000 1.42%
BWX Technologies Inc
Opened
237,063
$17,774,984,000 1.41%
Lantheus Holdings Inc
Opened
254,752
$17,700,169,000 1.41%
Exxon Mobil Corp.
7.67%
150,500
$17,695,790,000 1.41%
Intra-Cellular Therapies Inc
14.11%
335,554
$17,479,008,000 1.39%
Lattice Semiconductor Corp.
11.21%
192,686
$16,557,508,000 1.32%
Championx Corporation
Opened
454,686
$16,195,915,000 1.29%
Monolithic Pwr Sys Inc
9.81%
35,027
$16,182,474,000 1.29%
TFI International Inc
24.95%
125,316
$16,091,828,000 1.28%
Ascendis Pharma A/S
24.03%
170,609
$15,975,827,000 1.27%
Karuna Therapeutics Inc
19.22%
92,101
$15,573,358,000 1.24%
Biohaven Ltd
Opened
592,547
$15,412,147,000 1.23%
Immunovant Inc
Opened
378,155
$14,517,370,000 1.15%
Chevron Corp.
No change
81,350
$13,717,237,000 1.09%
Shockwave Med Inc
31.65%
65,459
$13,032,887,000 1.04%
Digitalbridge Group Inc
Opened
713,826
$12,549,061,000 1.00%
Nuvalent Inc
Opened
268,342
$12,335,682,000 0.98%
Caci International Inc.
22.53%
38,377
$12,047,692,000 0.96%
Microsoft Corporation
13.10%
37,858
$11,953,664,000 0.95%
Fluence Energy Inc
Opened
476,528
$10,955,379,000 0.87%
Evercore Inc
Opened
79,375
$10,944,225,000 0.87%
Iridium Communications Inc
32.31%
239,673
$10,902,725,000 0.87%
NVIDIA Corp
31.33%
24,454
$10,637,245,000 0.85%
Mgic Invt Corp Wis
Opened
594,611
$9,924,058,000 0.79%
Symbotic Inc
50.33%
293,016
$9,795,525,000 0.78%
Taylor Morrison Home Corp.
148.12%
219,071
$9,334,615,000 0.74%
Super Micro Computer Inc
Opened
32,550
$8,925,861,000 0.71%
Ares Management Corp
11.03%
85,500
$8,795,385,000 0.70%
ArcBest Corp
Opened
83,919
$8,530,366,000 0.68%
Tanger Factory Outlet Ctrs I
Opened
363,744
$8,220,614,000 0.65%
Synopsys, Inc.
6.88%
16,613
$7,624,869,000 0.61%
Crane Nxt Co
Opened
135,108
$7,507,952,000 0.60%
Cadence Design System Inc
3.05%
32,017
$7,501,583,000 0.60%
Parsons Corp
Opened
130,985
$7,119,035,000 0.57%
Weatherford Intl Plc
Opened
71,926
$6,497,076,000 0.52%
Standex Intl Corp
96.31%
42,581
$6,203,626,000 0.49%
Transdigm Group Incorporated
Opened
7,263
$6,123,653,000 0.49%
Descartes Sys Group Inc
7.48%
82,713
$6,069,480,000 0.48%
Clean Harbors, Inc.
4.77%
35,297
$5,907,306,000 0.47%
Western Alliance Bancorp
Opened
127,508
$5,861,543,000 0.47%
Appfolio Inc
Opened
31,392
$5,733,121,000 0.46%
Tri Pointe Homes Inc.
Opened
209,035
$5,717,107,000 0.45%
Apple Inc
58.38%
32,547
$5,572,372,000 0.44%
TREX Co., Inc.
Opened
89,804
$5,534,621,000 0.44%
Sweetgreen, Inc.
Opened
460,646
$5,412,591,000 0.43%
Chesapeake Energy Corp.
77.73%
61,500
$5,303,145,000 0.42%
Cameco Corp.
25.49%
133,007
$5,272,397,000 0.42%
Regal Rexnord Corporation
49.77%
34,654
$4,951,364,000 0.39%
Confluent Inc
Opened
160,782
$4,760,755,000 0.38%
Baker Hughes Company
Opened
132,877
$4,693,216,000 0.37%
Jpmorgan Chase Co
Opened
31,897
$4,625,703,000 0.37%
Booz Allen Hamilton Hldg Cor
20.96%
38,681
$4,226,673,000 0.34%
Freshworks Inc
Opened
210,163
$4,186,447,000 0.33%
Advanced Micro Devices Inc.
9.98%
40,459
$4,159,994,000 0.33%
Crane Co
Opened
46,747
$4,153,003,000 0.33%
Sprinklr, Inc.
Opened
295,782
$4,093,623,000 0.33%
Elastic N.V
59.01%
48,715
$3,957,607,000 0.31%
Old Dominion Freight Line In
185.63%
9,640
$3,944,110,000 0.31%
Toll Brothers Inc.
Opened
53,014
$3,920,915,000 0.31%
Federal Signal Corp.
Opened
65,316
$3,901,325,000 0.31%
Broadcom Inc.
65.48%
4,502
$3,739,271,000 0.30%
MGP Ingredients, Inc.
36.64%
34,896
$3,680,830,000 0.29%
e.l.f. Beauty Inc
Opened
33,196
$3,645,917,000 0.29%
Blackstone Secd Lending Fd
Opened
133,151
$3,643,011,000 0.29%
Bellring Brands Inc
Opened
87,367
$3,602,141,000 0.29%
Hashicorp Inc
Opened
157,188
$3,588,602,000 0.29%
Visteon Corp.
Opened
25,944
$3,582,088,000 0.28%
Coty Inc
Opened
318,493
$3,493,868,000 0.28%
Global E Online Ltd
Opened
84,851
$3,371,979,000 0.27%
Everest Group Ltd
Opened
8,760
$3,255,829,000 0.26%
Goldman Sachs Group, Inc.
56.82%
10,000
$3,235,700,000 0.26%
Ollies Bargain Outlet Hldgs
Opened
41,814
$3,227,205,000 0.26%
Axcelis Technologies Inc
Opened
19,342
$3,153,713,000 0.25%
Wix.com Ltd
Opened
33,590
$3,083,562,000 0.25%
Fedex Corp
Opened
11,600
$3,073,072,000 0.24%
Box Inc
Opened
126,608
$3,065,180,000 0.24%
Wisdomtree Inc
Opened
433,141
$3,031,987,000 0.24%
Janus International Group In
Opened
266,599
$2,852,609,000 0.23%
Uber Technologies Inc
Opened
61,897
$2,846,643,000 0.23%
Onto Innovation Inc.
Opened
21,760
$2,774,835,000 0.22%
Asml Holding N V
48.14%
4,697
$2,764,936,000 0.22%
KLA Corp.
59.03%
5,389
$2,471,719,000 0.20%
AECOM
Opened
29,631
$2,460,558,000 0.20%
Conocophillips
No change
20,000
$2,396,000,000 0.19%
Amazon.com Inc.
59.20%
18,459
$2,346,508,000 0.19%
ServiceNow Inc
16.67%
4,179
$2,335,894,000 0.19%
Alphabet Inc
75.81%
16,598
$2,188,446,000 0.17%
Sentinelone Inc
Opened
117,434
$1,979,937,000 0.16%
Shopify Inc
107.15%
36,085
$1,969,158,000 0.16%
Taiwan Semiconductor Mfg Ltd
4.06%
21,841
$1,897,983,000 0.15%
Coastal Finl Corp Wa
No change
39,661
$1,701,854,000 0.14%
Smartsheet Inc
Opened
41,870
$1,694,060,000 0.13%
Salesforce Inc
466.76%
7,963
$1,614,737,000 0.13%
Tjx Cos Inc New
4.44%
18,104
$1,609,084,000 0.13%
Kura Sushi USA, Inc.
Opened
22,824
$1,509,123,000 0.12%
Blue Owl Capital Corporation
Opened
106,685
$1,477,587,000 0.12%
MongoDB Inc
49.02%
4,252
$1,470,597,000 0.12%
Lpl Finl Hldgs Inc
28.10%
6,039
$1,435,168,000 0.11%
Vici Pptys Inc
77.06%
46,775
$1,361,153,000 0.11%
Tesla Inc
77.76%
4,611
$1,153,764,000 0.09%
HubSpot Inc
16.77%
2,319
$1,142,108,000 0.09%
Canadian Pacific Kansas City
Opened
14,978
$1,114,513,000 0.09%
Marten Trans Ltd
388.16%
53,126
$1,047,113,000 0.08%
Lam Research Corp.
75.72%
1,629
$1,021,008,000 0.08%
Intuit Inc
75.65%
1,979
$1,011,150,000 0.08%
Datadog Inc
42.35%
10,848
$988,144,000 0.08%
Mattel, Inc.
64.29%
42,039
$926,119,000 0.07%
Vail Resorts Inc.
Opened
4,172
$925,725,000 0.07%
Curtiss-Wright Corp.
Opened
4,381
$857,055,000 0.07%
BILL Holdings Inc
93.96%
7,748
$841,200,000 0.07%
Flowserve Corp.
Opened
20,087
$798,860,000 0.06%
Palo Alto Networks Inc
52.63%
3,243
$760,289,000 0.06%
Airbnb, Inc.
73.46%
5,450
$747,795,000 0.06%
Vertiv Holdings Co
Opened
18,788
$698,914,000 0.06%
Hunt J B Trans Svcs Inc
85.41%
3,592
$677,164,000 0.05%
Adobe Inc
5.37%
1,250
$637,375,000 0.05%
Ginkgo Bioworks Holdings Inc
30.28%
336,583
$609,215,000 0.05%
Mobileye Global Inc
Opened
14,599
$606,588,000 0.05%
XPO Inc
Opened
8,066
$602,208,000 0.05%
Ishares Tr
Opened
2,538
$568,893,000 0.05%
Ross Stores, Inc.
Opened
4,921
$555,827,000 0.04%
On Hldg Ag
Opened
18,403
$511,971,000 0.04%
Cemex Sab De Cv
Opened
77,827
$505,876,000 0.04%
Snowflake Inc.
28.81%
2,516
$384,369,000 0.03%
Atlassian Corporation
Opened
1,834
$369,569,000 0.03%
DraftKings Inc.
Opened
11,623
$342,181,000 0.03%
Cloudflare Inc
88.11%
5,045
$318,037,000 0.03%
Oracle Corp.
Opened
2,855
$302,402,000 0.02%
Graphic Packaging Hldg Co
68.91%
12,099
$269,566,000 0.02%
Block Inc
19.13%
5,848
$258,832,000 0.02%
Prometheus Biosciences Inc
Closed
489,235
$28,870,000
Willscot Mobil Mini Hldng Co
Closed
580,603
$23,416,000
Inari Med Inc
Closed
252,376
$18,333,000
Repligen Corp.
Closed
87,722
$16,414,000
Bjs Whsl Club Hldgs Inc
Closed
223,287
$16,258,000
SpringWorks Therapeutics, Inc.
Closed
557,175
$15,896,000
Horizon Therapeutics Pub L
Closed
243,121
$15,047,000
United Therapeutics Corp
Closed
68,190
$14,278,000
Cutera Inc
Closed
294,602
$13,434,000
Apellis Pharmaceuticals Inc
Closed
194,513
$13,285,000
Inspire Med Sys Inc
Closed
68,171
$12,091,000
Topgolf Callaway Brands Corp
Closed
626,033
$12,057,000
Veeva Sys Inc
Closed
72,814
$12,006,000
Staar Surgical Co.
Closed
166,316
$11,734,000
Twist Bioscience Corp
Closed
320,168
$11,283,000
Chinook Therapeutics, Inc.
Closed
567,415
$11,155,000
Verra Mobility Corporation
Closed
715,520
$10,998,000
Treehouse Foods Inc
Closed
256,702
$10,889,000
Insulet Corporation
Closed
46,818
$10,740,000
Dicks Sporting Goods, Inc.
Closed
97,979
$10,253,000
Alnylam Pharmaceuticals Inc
Closed
48,302
$9,668,000
Relmada Therapeutics Inc
Closed
243,385
$9,010,000
Five9 Inc
Closed
106,957
$8,020,000
P3 Health Partners Inc
Closed
1,709,669
$7,899,000
Wingstop Inc
Closed
61,458
$7,708,000
Waste Connections Inc
Closed
56,832
$7,680,000
Wintrust Finl Corp
Closed
91,319
$7,447,000
Crowdstrike Holdings Inc
Closed
40,667
$6,702,000
Bk Of America Corp
Closed
220,000
$6,644,000
Chart Inds Inc
Closed
32,131
$5,923,000
Blackstone Inc
Closed
67,990
$5,691,000
Gossamer Bio, Inc.
Closed
469,317
$5,622,000
Ameresco Inc.
Closed
84,074
$5,589,000
Funko Inc
Closed
275,460
$5,570,000
Casella Waste Sys Inc
Closed
71,251
$5,443,000
Williams Cos Inc
Closed
189,000
$5,411,000
Kornit Digital Ltd
Closed
186,980
$4,976,000
Matador Res Co
Closed
96,327
$4,712,000
Instil Bio Inc
Closed
897,386
$4,343,000
Atlassian Corp Plc
Closed
20,176
$4,249,000
IVERIC bio Inc
Closed
209,976
$3,767,000
Grocery Outlet Hldg Corp
Closed
106,201
$3,535,000
Molson Coors Beverage Company
Closed
73,000
$3,503,000
Freshpet Inc
Closed
68,991
$3,456,000
Zentalis Pharmaceuticals, Llc
Closed
158,704
$3,438,000
Enviva Inc
Closed
57,078
$3,428,000
Lsb Inds Inc
Closed
238,527
$3,399,000
Coterra Energy Inc
Closed
130,000
$3,396,000
Abbvie Inc
Closed
22,800
$3,060,000
Continental Res Inc
Closed
44,687
$2,986,000
Stride Inc
Closed
68,340
$2,872,000
Canadian Pac Ry Ltd
Closed
41,154
$2,746,000
Energy Recovery Inc
Closed
118,070
$2,567,000
Prestige Consmr Healthcare I
Closed
49,385
$2,461,000
Switch Inc
Closed
62,954
$2,121,000
Dice Therapeutics Inc
Closed
97,838
$1,984,000
Da32 Life Scnce Tec Acqstn C
Closed
200,000
$1,938,000
Darling Ingredients Inc
Closed
27,988
$1,851,000
Fifth Third Bancorp
Closed
50,000
$1,598,000
Ishares Tr
Closed
19,597
$2,609,000
Target Corp
Closed
9,631
$1,429,000
Berkley W R Corp
Closed
18,487
$1,194,000
Iron Mtn Inc Del
Closed
22,696
$998,000
Marvell Technology Inc
Closed
22,098
$948,000
DigitalOcean Holdings, Inc.
Closed
23,815
$861,000
Ulta Beauty Inc
Closed
2,072
$831,000
Joby Aviation Inc
Closed
162,009
$701,000
Heritage-Crystal Clean Inc
Closed
21,242
$628,000
Squarespace, Inc.
Closed
27,203
$581,000
Diamondback Energy Inc
Closed
4,241
$511,000
Enphase Energy Inc
Closed
1,826
$507,000
Nordson Corp.
Closed
2,152
$457,000
Post Holdings Inc
Closed
5,536
$453,000
Lululemon Athletica inc.
Closed
1,595
$446,000
Endeavor Group Hldgs Inc
Closed
21,023
$426,000
NextEra Energy Inc
Closed
5,048
$396,000
Cheniere Energy Inc.
Closed
1,836
$305,000
The Real Good Food Company I
Closed
40,791
$264,000
No transactions found
Showing first 500 out of 227 holdings