Entropy Technologies, LP

NEW YORK, NY · CIK 1976151 · 13F filing filed 2024-05-08

SEC-registered investment adviser since 2023 · limited partnership

Assets managed$2.2bn
Staff16 · 2 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $1.2bn gross assets
Form ADV · 2026-03-20SEC adviser record

Legal entityENTROPY TECHNOLOGIES, LP (US)

$938.0m reported value +73.9% vs Q4 2023

696positions

7.9%in top 10

380 new 169 added 147 reduced 217 sold out vs Q4 2023

Holdings, Q1 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	UNITEDHEALTH GROUP INC COM UNH	UNH	15,176	$7.5m0.80%	0.80%	Added +11.6k	+11,572 321.1%
2	MICRON TECHNOLOGY INC COM MU	MU	63,610	$7.5m0.80%	0.80%	Added +61.1k	+61,055 2389.6%
3	PROGRESSIVE CORP COM PGR	PGR	36,230	$7.5m0.80%	0.80%	Added +33.9k	+33,912 1463.0%
4	ELECTRONIC ARTS INC COM EA	EA	56,429	$7.5m0.80%	0.80%	Added +47.0k	+46,966 496.3%
5	STARBUCKS CORP COM SBUX	SBUX	81,895	$7.5m0.80%	0.80%	New
6	ARCHER DANIELS MIDLAND CO COM ADM	ADM	119,038	$7.5m0.80%	0.80%	Added +99.0k	+98,999 494.0%
7	ZOETIS INC CL A ZTS	ZTS	44,014	$7.4m0.79%	0.79%	New
8	GILEAD SCIENCES INC COM GILD	GILD	101,616	$7.4m0.79%	0.79%	New
9	CHUBB LIMITED COM CB	CB	27,536	$7.1m0.76%	0.76%	Added +23.7k	+23,690 616.0%
10	VERTIV HOLDINGS CO COM CL A VRT	VRT	86,410	$7.1m0.75%	0.75%	Added +29.4k	+29,373 51.5%
11	PHILIP MORRIS INTL INC COM PM	PM	73,399	$6.7m0.72%	0.72%	Added +54.2k	+54,195 282.2%
12	HUMANA INC COM HUM	HUM	18,133	$6.3m0.67%	0.67%	Added +8.1k	+8,087 80.5%
13	APA CORPORATION COM APA	APA	182,742	$6.3m0.67%	0.67%	Added +136.8k	+136,814 297.9%
14	SNOWFLAKE INC CL A SNOW	SNOW	38,849	$6.3m0.67%	0.67%	Added +30.3k	+30,322 355.6%
15	APPLE INC COM AAPL	AAPL	36,141	$6.2m0.66%	0.66%	New
16	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	20,940	$6.1m0.65%	0.65%	Added +16.5k	+16,519 373.6%
17	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	41,677	$6.1m0.65%	0.65%	New
18	PPG INDS INC COM PPG	PPG	41,713	$6.0m0.64%	0.64%	Added +27.6k	+27,645 196.5%
19	JOHNSON & JOHNSON COM JNJ	JNJ	37,592	$5.9m0.63%	0.63%	Added +21.1k	+21,071 127.5%
20	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	63,749	$5.7m0.61%	0.61%	Added +37.7k	+37,713 144.8%
21	DTE ENERGY CO COM DTE	DTE	50,381	$5.6m0.60%	0.60%	New
22	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	492,142	$5.4m0.57%	0.57%	New
23	NUTANIX INC CL A NTNX	NTNX	87,135	$5.4m0.57%	0.57%	Added +58.1k	+58,123 200.3%
24	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	16,683	$5.3m0.57%	0.57%	Added +9.8k	+9,815 142.9%
25	SHERWIN WILLIAMS CO COM SHW	SHW	15,041	$5.2m0.56%	0.56%	Added +14.1k	+14,110 1515.6%
26	ANALOG DEVICES INC COM ADI	ADI	26,314	$5.2m0.55%	0.55%	New
27	PERMIAN RESOURCES CORP CLASS A COM PR	PR	292,284	$5.2m0.55%	0.55%	New
28	AT&T INC COM T	T	292,306	$5.1m0.55%	0.55%	Added +208.9k	+208,923 250.6%
29	GAMING & LEISURE PPTYS INC COM GLPI	GLPI	109,963	$5.1m0.54%	0.54%	Added +70.7k	+70,720 180.2%
30	BIOGEN INC COM BIIB	BIIB	23,358	$5.0m0.54%	0.54%	New
31	VERISIGN INC COM VRSN	VRSN	26,185	$5.0m0.53%	0.53%	Added +25.2k	+25,174 2490.0%
32	UNION PAC CORP COM UNP	UNP	20,170	$5.0m0.53%	0.53%	New
33	LAM RESEARCH CORP COM COM		5,064	$4.9m0.52%	0.52%	New
34	DECKERS OUTDOOR CORP COM DECK	DECK	5,124	$4.8m0.51%	0.51%	New
35	LOCKHEED MARTIN CORP COM LMT	LMT	10,570	$4.8m0.51%	0.51%	Added +7.2k	+7,199 213.6%
36	CORE & MAIN INC CL A CNM	CNM	83,412	$4.8m0.51%	0.51%	Added +54.5k	+54,500 188.5%
37	FLOOR & DECOR HLDGS INC CL A FND	FND	36,191	$4.7m0.50%	0.50%	Added +18.5k	+18,528 104.9%
38	MICROSOFT CORP COM MSFT	MSFT	11,141	$4.7m0.50%	0.50%	New
39	PAYCOM SOFTWARE INC COM PAYC	PAYC	23,500	$4.7m0.50%	0.50%	Added +21.0k	+21,045 857.2%
40	NIKE INC CL B NKE	NKE	48,518	$4.6m0.49%	0.49%	New
41	AIR PRODS & CHEMS INC COM APD	APD	18,595	$4.5m0.48%	0.48%	Added +13.2k	+13,239 247.2%
42	WESTERN DIGITAL CORP COM WDC	WDC	65,384	$4.5m0.48%	0.48%	Added +56.3k	+56,309 620.5%
43	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	40,982	$4.4m0.47%	0.47%	Added +29.9k	+29,883 269.2%
44	CENCORA INC COM COR	COR	18,179	$4.4m0.47%	0.47%	New
45	CISCO SYS INC COM CSCO	CSCO	87,955	$4.4m0.47%	0.47%	New
46	SCHLUMBERGER LTD COM STK SLB	SLB	80,082	$4.4m0.47%	0.47%	Reduced -14.2k	-14,213 -15.1%
47	BOEING CO COM BA	BA	22,352	$4.3m0.46%	0.46%	Added +17.1k	+17,145 329.3%
48	WELLS FARGO CO NEW COM WFC	WFC	74,183	$4.3m0.46%	0.46%	New
49	OCCIDENTAL PETE CORP COM OXY	OXY	64,902	$4.2m0.45%	0.45%	New
50	STRYKER CORPORATION COM SYK	SYK	11,653	$4.2m0.44%	0.44%	New
51	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	7,099	$4.1m0.44%	0.44%	Added +2.2k	+2,218 45.4%
52	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	33,553	$4.1m0.44%	0.44%	Added +30.0k	+29,961 834.1%
53	WASTE MGMT INC DEL COM WM	WM	18,850	$4.0m0.43%	0.43%	New
54	KLA CORP COM NEW KLAC	KLAC	5,722	$4.0m0.43%	0.43%	New
55	CARVANA CO CL A CVNA	CVNA	44,010	$3.9m0.41%	0.41%	Added +31.4k	+31,437 250.0%
56	PG&E CORP COM PCG	PCG	228,585	$3.8m0.41%	0.41%	New
57	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	10,748	$3.8m0.41%	0.41%	Added +6.8k	+6,829 174.2%
58	MCCORMICK & CO INC COM NON VTG MKC	MKC	49,500	$3.8m0.41%	0.41%	Added +29.4k	+29,416 146.5%
59	BECTON DICKINSON & CO COM BDX	BDX	15,225	$3.8m0.40%	0.40%	Added +12.0k	+12,018 374.7%
60	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	17,178	$3.8m0.40%	0.40%	Added +6.3k	+6,296 57.9%
61	CONOCOPHILLIPS COM COP	COP	28,727	$3.7m0.39%	0.39%	New
62	DYNATRACE INC COM NEW DT	DT	78,354	$3.6m0.39%	0.39%	Added +70.6k	+70,615 912.5%
63	US BANCORP DEL COM NEW USB	USB	81,395	$3.6m0.39%	0.39%	New
64	ABERCROMBIE & FITCH CO CL A ANF	ANF	28,934	$3.6m0.39%	0.39%	Reduced -23	-23 -0.1%
65	PARKER-HANNIFIN CORP COM PH	PH	6,478	$3.6m0.38%	0.38%	Added +5.4k	+5,419 511.7%
66	MASCO CORP COM MAS	MAS	45,076	$3.6m0.38%	0.38%	Added +39.1k	+39,072 650.8%
67	WEC ENERGY GROUP INC COM WEC	WEC	43,248	$3.6m0.38%	0.38%	New
68	INTEL CORP COM INTC	INTC	80,289	$3.5m0.38%	0.38%	Added +12.1k	+12,134 17.8%
69	JPMORGAN CHASE & CO COM JPM	JPM	17,686	$3.5m0.38%	0.38%	New
70	IDEXX LABS INC COM IDXX	IDXX	6,384	$3.4m0.37%	0.37%	Added +3.9k	+3,892 156.2%
71	VISA INC COM CL A V	V	12,250	$3.4m0.36%	0.36%	New
72	DOORDASH INC CL A DASH	DASH	24,752	$3.4m0.36%	0.36%	Reduced -7.0k	-7,036 -22.1%
73	SYSCO CORP COM SYY	SYY	41,798	$3.4m0.36%	0.36%	New
74	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	52,628	$3.4m0.36%	0.36%	New
75	DELTA AIR LINES INC DEL COM NEW DAL	DAL	70,602	$3.4m0.36%	0.36%	New
76	MSCI INC COM MSCI	MSCI	6,017	$3.4m0.36%	0.36%	Added +2.6k	+2,559 74.0%
77	GLOBE LIFE INC COM GL	GL	28,669	$3.3m0.36%	0.36%	Added +10.9k	+10,879 61.1%
78	APOLLO GLOBAL MGMT INC COM APO	APO	29,184	$3.3m0.35%	0.35%	Added +17.0k	+17,006 139.7%
79	KOHLS CORP COM KSS	KSS	112,263	$3.3m0.35%	0.35%	Added +68.0k	+67,982 153.5%
80	DAVITA INC COM DVA	DVA	23,696	$3.3m0.35%	0.35%	Reduced -3.6k	-3,609 -13.2%
81	ROSS STORES INC COM ROST	ROST	21,664	$3.2m0.34%	0.34%	New
82	SOUTHERN CO COM SO	SO	43,926	$3.2m0.34%	0.34%	Added +30.5k	+30,539 228.1%
83	BENTLEY SYS INC COM CL B BSY	BSY	60,120	$3.1m0.33%	0.33%	Added +26.4k	+26,389 78.2%
84	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	146,765	$3.1m0.33%	0.33%	Added +80.7k	+80,727 122.2%
85	AMERIPRISE FINL INC COM AMP	AMP	6,979	$3.1m0.33%	0.33%	New
86	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	151,924	$3.1m0.33%	0.33%	Added +70.8k	+70,771 87.2%
87	MONSTER BEVERAGE CORP NEW COM MNST	MNST	51,569	$3.1m0.33%	0.33%	New
88	GENERAL MLS INC COM GIS	GIS	43,663	$3.1m0.33%	0.33%	New
89	MONDELEZ INTL INC CL A MDLZ	MDLZ	43,432	$3.0m0.32%	0.32%	New
90	CARNIVAL CORP UNIT 99/99/9999 UNIT 99/99/9999		185,916	$3.0m0.32%	0.32%	Added +92.9k	+92,859 99.8%
91	PURE STORAGE INC CL A P	P	58,043	$3.0m0.32%	0.32%	New
92	DICKS SPORTING GOODS INC COM DKS	DKS	13,271	$3.0m0.32%	0.32%	Added +4.8k	+4,840 57.4%
93	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	25,273	$2.9m0.31%	0.31%	Reduced -3.8k	-3,769 -13.0%
94	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	331,447	$2.9m0.31%	0.31%	New
95	3M CO COM MMM	MMM	26,835	$2.8m0.30%	0.30%	Added +16.3k	+16,264 153.8%
96	LOEWS CORP COM L	L	36,202	$2.8m0.30%	0.30%	Added +29.0k	+29,044 405.8%
97	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	15,850	$2.8m0.30%	0.30%	New
98	AFFIRM HLDGS INC COM CL A AFRM	AFRM	75,787	$2.8m0.30%	0.30%	Added +16.3k	+16,261 27.3%
99	E L F BEAUTY INC COM ELF	ELF	14,237	$2.8m0.30%	0.30%	Added +8.8k	+8,801 161.9%
100	CENTERPOINT ENERGY INC COM CNP	CNP	97,837	$2.8m0.30%	0.30%	Added +84.7k	+84,666 642.8%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
FACTSET RESH SYS INC FDS	FDS	9,760	$4.7m9.8k shares
MARATHON OIL CORP MRO	MRO	191,004	$4.6m191.0k shares
ACCENTURE PLC IRELAND ACN	ACN	11,631	$4.1m11.6k shares
MONDAY COM LTD MNDY	MNDY	21,614	$4.1m21.6k shares
FOX CORP FOXA	FOXA	132,964	$3.9m133.0k shares
ZSCALER INC ZS	ZS	17,097	$3.8m17.1k shares
M & T BK CORP MTB	MTB	27,071	$3.7m27.1k shares
ALEXANDRIA REAL ESTATE EQ IN ARE	ARE	26,115	$3.3m26.1k shares
GENERAL MTRS CO GM	GM	88,195	$3.2m88.2k shares
EVEREST GROUP LTD EG	EG	8,121	$2.9m8.1k shares
LULULEMON ATHLETICA INC LULU	LULU	5,544	$2.8m5.5k shares
DRAFTKINGS INC NEW DKNG	DKNG	78,762	$2.8m78.8k shares
EQUINIX INC EQIX	EQIX	3,359	$2.7m3.4k shares
KROGER CO KR	KR	53,875	$2.5m53.9k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	25,867	$2.5m25.9k shares
VERIZON COMMUNICATIONS INC VZ	VZ	64,221	$2.4m64.2k shares
AMERICAN TOWER CORP NEW AMT	AMT	11,197	$2.4m11.2k shares
HOLOGIC INC HOLX	HOLX	31,124	$2.2m31.1k shares
KELLANOVA K	K	38,634	$2.2m38.6k shares
TRANSUNION TRU	TRU	30,510	$2.1m30.5k shares
MOHAWK INDS INC MHK	MHK	20,075	$2.1m20.1k shares
BUNGE GLOBAL SA BG	BG	20,504	$2.1m20.5k shares
GENUINE PARTS CO GPC	GPC	14,730	$2.0m14.7k shares
PIONEER NAT RES CO PXD	PXD	8,941	$2.0m8.9k shares
EXXON MOBIL CORP XOM	XOM	19,946	$2.0m19.9k shares