14B Captial Management LP

Q3 2025 13F-HR Holdings

Location
La Jolla, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
10
Total value ($000)
$170,882
Net value change ($000)
-72,480 (-29.8%)
New positions
0
Sold out positions
1
Turnover %
5.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CABO 1,435 15.8%
PAGSEGURO DIGITAL LTD 322 2.5%
Top Reduces (Value $000, Stocks/ETFs)
FOUR -18,530 -37.6%
COF -15,325 -68.6%
CIB -11,643 -66.7%
BABA -9,526 -100.0%
CCOI -7,055 -29.0%
MA -5,324 -17.9%
V -2,732 -10.3%
CHTR -2,669 -11.5%
STNE -1,434 -7.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type