Entropy Technologies, LP

NEW YORK, NY · CIK 1976151 · 13F filing filed 2024-08-12

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)

$925.2m reported value -1.4% vs Q1 2024

641positions

10.8%in top 10

294 new 162 added 185 reduced 349 sold out vs Q1 2024

Holdings, Q2 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	CVS HEALTH CORP COM CVS	CVS	169,946	$10.0m1.08%	1.08%	New
2	CONOCOPHILLIPS COM COP	COP	87,751	$10.0m1.08%	1.08%	Added +59.0k	+59,024 205.5%
3	JOHNSON & JOHNSON COM JNJ	JNJ	68,527	$10.0m1.08%	1.08%	Added +30.9k	+30,935 82.3%
4	CMS ENERGY CORP COM CMS	CMS	167,858	$10.0m1.08%	1.08%	Added +138.8k	+138,804 477.7%
5	COSTCO WHSL CORP NEW COM COST	COST	11,734	$10.0m1.08%	1.08%	New
6	NVIDIA CORPORATION COM NVDA	NVDA	80,632	$10.0m1.08%	1.08%	New
7	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	24,484	$10.0m1.08%	1.08%	Added +22.4k	+22,352 1048.4%
8	AMAZON COM INC COM AMZN	AMZN	51,521	$10.0m1.08%	1.08%	Added +42.6k	+42,648 480.6%
9	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	25,911	$9.9m1.07%	1.07%	Added +9.2k	+9,228 55.3%
10	APPLE INC COM AAPL	AAPL	46,869	$9.9m1.07%	1.07%	Added +10.7k	+10,728 29.7%
11	ILLINOIS TOOL WKS INC COM ITW	ITW	41,261	$9.8m1.06%	1.06%	Added +32.3k	+32,281 359.5%
12	BROADCOM INC COM AVGO	AVGO	5,952	$9.6m1.03%	1.03%	New
13	LOCKHEED MARTIN CORP COM LMT	LMT	18,790	$8.8m0.95%	0.95%	Added +8.2k	+8,220 77.8%
14	ELEVANCE HEALTH INC COM ELV	ELV	15,947	$8.6m0.93%	0.93%	New
15	PG&E CORP COM PCG	PCG	440,195	$7.7m0.83%	0.83%	Added +211.6k	+211,610 92.6%
16	NETAPP INC COM NTAP	NTAP	59,433	$7.7m0.83%	0.83%	Added +45.1k	+45,079 314.1%
17	KLA CORP COM NEW KLAC	KLAC	9,112	$7.5m0.81%	0.81%	Added +3.4k	+3,390 59.2%
18	US BANCORP DEL COM NEW USB	USB	187,266	$7.4m0.80%	0.80%	Added +105.9k	+105,871 130.1%
19	CSX CORP COM CSX	CSX	209,280	$7.0m0.76%	0.76%	New
20	3M CO COM MMM	MMM	67,797	$6.9m0.75%	0.75%	Added +41.0k	+40,962 152.6%
21	ROSS STORES INC COM ROST	ROST	46,840	$6.8m0.74%	0.74%	Added +25.2k	+25,176 116.2%
22	WALMART INC COM WMT	WMT	99,084	$6.7m0.73%	0.73%	New
23	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	13,475	$6.3m0.68%	0.68%	New
24	ADOBE INC COM ADBE	ADBE	11,333	$6.3m0.68%	0.68%	New
25	PROGRESSIVE CORP COM PGR	PGR	29,872	$6.2m0.67%	0.67%	Reduced -6.4k	-6,358 -17.6%
26	WORKDAY INC CL A WDAY	WDAY	27,551	$6.2m0.67%	0.67%	New
27	FERGUSON PLC NEW SHS FERG1GBX	FERG1GBX	31,067	$6.0m0.65%	0.65%	New
28	GILEAD SCIENCES INC COM GILD	GILD	84,317	$5.8m0.63%	0.63%	Reduced -17.3k	-17,299 -17.0%
29	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	136,108	$5.7m0.61%	0.61%	New
30	OCCIDENTAL PETE CORP COM OXY	OXY	88,003	$5.5m0.60%	0.60%	Added +23.1k	+23,101 35.6%
31	ALPHABET INC CAP STK CL A GOOGL	GOOGL	30,386	$5.5m0.60%	0.60%	New
32	CENCORA INC COM COR	COR	24,548	$5.5m0.60%	0.60%	Added +6.4k	+6,369 35.0%
33	CME GROUP INC COM CME	CME	27,982	$5.5m0.59%	0.59%	Added +24.6k	+24,593 725.7%
34	CISCO SYS INC COM CSCO	CSCO	107,804	$5.1m0.55%	0.55%	Added +19.8k	+19,849 22.6%
35	MONSTER BEVERAGE CORP NEW COM MNST	MNST	100,733	$5.0m0.54%	0.54%	Added +49.2k	+49,164 95.3%
36	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	33,016	$5.0m0.54%	0.54%	Reduced -8.7k	-8,661 -20.8%
37	CONSOLIDATED EDISON INC COM ED	ED	55,002	$4.9m0.53%	0.53%	New
38	KIMBERLY-CLARK CORP COM KMB	KMB	34,129	$4.7m0.51%	0.51%	New
39	ROPER TECHNOLOGIES INC COM ROP	ROP	8,318	$4.7m0.51%	0.51%	Added +4.8k	+4,807 136.9%
40	LYFT INC CL A COM LYFT	LYFT	332,136	$4.7m0.51%	0.51%	Added +273.0k	+272,981 461.5%
41	DTE ENERGY CO COM DTE	DTE	40,741	$4.5m0.49%	0.49%	Reduced -9.6k	-9,640 -19.1%
42	MASTERCARD INCORPORATED CL A MA	MA	10,235	$4.5m0.49%	0.49%	New
43	ATLASSIAN CORPORATION CL A TEAM	TEAM	25,232	$4.5m0.48%	0.48%	New
44	NIKE INC CL B NKE	NKE	58,964	$4.4m0.48%	0.48%	Added +10.4k	+10,446 21.5%
45	BANK AMERICA CORP COM BAC	BAC	111,317	$4.4m0.48%	0.48%	New
46	DARDEN RESTAURANTS INC COM DRI	DRI	29,136	$4.4m0.48%	0.48%	New
47	GALLAGHER ARTHUR J & CO COM AJG	AJG	16,818	$4.4m0.47%	0.47%	New
48	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	7,826	$4.3m0.47%	0.47%	Added +727	+727 10.2%
49	YUM BRANDS INC COM YUM	YUM	32,209	$4.3m0.46%	0.46%	Added +26.3k	+26,314 446.4%
50	LOWES COS INC COM LOW	LOW	19,042	$4.2m0.45%	0.45%	New
51	STARBUCKS CORP COM SBUX	SBUX	52,547	$4.1m0.44%	0.44%	Reduced -29.3k	-29,348 -35.8%
52	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	62,698	$4.1m0.44%	0.44%	Added +10.1k	+10,070 19.1%
53	QORVO INC COM QRVO	QRVO	35,119	$4.1m0.44%	0.44%	Added +30.3k	+30,345 635.6%
54	SYSCO CORP COM SYY	SYY	56,649	$4.0m0.44%	0.44%	Added +14.9k	+14,851 35.5%
55	MARRIOTT INTL INC NEW CL A MAR	MAR	16,651	$4.0m0.44%	0.44%	Added +11.3k	+11,295 210.9%
56	ENTERGY CORP NEW COM ETR	ETR	36,973	$4.0m0.43%	0.43%	Added +25.4k	+25,355 218.2%
57	ARISTA NETWORKS INC COM COM		11,159	$3.9m0.42%	0.42%	New
58	ULTA BEAUTY INC COM ULTA	ULTA	10,129	$3.9m0.42%	0.42%	New
59	CBOE GLOBAL MKTS INC COM CBOE	CBOE	22,784	$3.9m0.42%	0.42%	Added +18.0k	+18,000 376.2%
60	HOME DEPOT INC COM HD	HD	10,930	$3.8m0.41%	0.41%	New
61	KINDER MORGAN INC DEL COM KMI	KMI	187,950	$3.7m0.40%	0.40%	New
62	VULCAN MATLS CO COM VMC	VMC	14,943	$3.7m0.40%	0.40%	New
63	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	34,623	$3.7m0.40%	0.40%	Reduced -6.4k	-6,359 -15.5%
64	EXPEDITORS INTL WASH INC COM EXPD	EXPD	29,524	$3.7m0.40%	0.40%	New
65	KEURIG DR PEPPER INC COM KDP	KDP	109,859	$3.7m0.40%	0.40%	New
66	ELI LILLY & CO COM LLY	LLY	4,036	$3.7m0.39%	0.39%	New
67	PRUDENTIAL FINL INC COM PRU	PRU	30,779	$3.6m0.39%	0.39%	New
68	CUMMINS INC COM CMI	CMI	12,971	$3.6m0.39%	0.39%	Added +10.4k	+10,411 406.7%
69	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	482,471	$3.6m0.39%	0.39%	Added +151.0k	+151,024 45.6%
70	SCHWAB CHARLES CORP COM SCHW	SCHW	48,461	$3.6m0.39%	0.39%	Added +15.4k	+15,372 46.5%
71	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	21,070	$3.5m0.38%	0.38%	Added +5.2k	+5,220 32.9%
72	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	25,449	$3.5m0.38%	0.38%	Added +20.0k	+20,004 367.4%
73	APOLLO GLOBAL MGMT INC COM APO	APO	29,823	$3.5m0.38%	0.38%	Added +639	+639 2.2%
74	LAUDER ESTEE COS INC CL A EL	EL	33,015	$3.5m0.38%	0.38%	New
75	TRANSDIGM GROUP INC COM TDG	TDG	2,683	$3.4m0.37%	0.37%	New
76	DELL TECHNOLOGIES INC CL C DELL	DELL	24,712	$3.4m0.37%	0.37%	New
77	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	10,835	$3.4m0.37%	0.37%	Added +6.6k	+6,564 153.7%
78	VERISIGN INC COM VRSN	VRSN	18,996	$3.4m0.37%	0.37%	Reduced -7.2k	-7,189 -27.4%
79	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	17,117	$3.4m0.36%	0.36%	New
80	PAYPAL HLDGS INC COM PYPL	PYPL	56,593	$3.3m0.35%	0.35%	Added +34.1k	+34,111 151.7%
81	MASCO CORP COM MAS	MAS	48,857	$3.3m0.35%	0.35%	Added +3.8k	+3,781 8.4%
82	PNC FINL SVCS GROUP INC COM PNC	PNC	20,419	$3.2m0.34%	0.34%	Added +11.6k	+11,596 131.4%
83	MEDTRONIC PLC SHS MDT	MDT	40,217	$3.2m0.34%	0.34%	New
84	ARCHER DANIELS MIDLAND CO COM ADM	ADM	50,870	$3.1m0.33%	0.33%	Reduced -68.2k	-68,168 -57.3%
85	SNOWFLAKE INC CL A SNOW	SNOW	22,598	$3.1m0.33%	0.33%	Reduced -16.3k	-16,251 -41.8%
86	ROBERT HALF INC. COM RHI	RHI	47,539	$3.0m0.33%	0.33%	Added +36.2k	+36,190 318.9%
87	DECKERS OUTDOOR CORP COM DECK	DECK	3,124	$3.0m0.33%	0.33%	Reduced -2.0k	-2,000 -39.0%
88	LULULEMON ATHLETICA INC COM LULU	LULU	10,059	$3.0m0.32%	0.32%	New
89	EATON CORP PLC SHS ETN	ETN	9,562	$3.0m0.32%	0.32%	New
90	THE TRADE DESK INC COM CL A TTD	TTD	30,500	$3.0m0.32%	0.32%	New
91	DICKS SPORTING GOODS INC COM DKS	DKS	13,772	$3.0m0.32%	0.32%	Added +501	+501 3.8%
92	NORTHERN TR CORP COM NTRS	NTRS	35,158	$3.0m0.32%	0.32%	Added +22.2k	+22,187 171.1%
93	VERIZON COMMUNICATIONS INC COM VZ	VZ	71,577	$3.0m0.32%	0.32%	New
94	VISTRA CORP COM VST	VST	34,225	$2.9m0.32%	0.32%	Added +4.6k	+4,560 15.4%
95	ONEOK INC NEW COM OKE	OKE	35,724	$2.9m0.31%	0.31%	Added +28.8k	+28,774 414.0%
96	TELEFLEX INCORPORATED COM TFX	TFX	13,684	$2.9m0.31%	0.31%	Added +12.2k	+12,197 820.2%
97	NRG ENERGY INC COM NEW NRG	NRG	36,861	$2.9m0.31%	0.31%	Added +20.4k	+20,429 124.3%
98	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	13,103	$2.9m0.31%	0.31%	New
99	HUBBELL INC COM HUBB	HUBB	7,738	$2.8m0.31%	0.31%	New
100	COSTAR GROUP INC COM CSGP	CSGP	37,746	$2.8m0.30%	0.30%	New

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
UNITEDHEALTH GROUP INC UNH	UNH	15,176	$7.5m15.2k shares
ELECTRONIC ARTS INC EA	EA	56,429	$7.5m56.4k shares
ZOETIS INC ZTS	ZTS	44,014	$7.4m44.0k shares
CHUBB LIMITED CB	CB	27,536	$7.1m27.5k shares
HUMANA INC HUM	HUM	18,133	$6.3m18.1k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	63,749	$5.7m63.7k shares
ANALOG DEVICES INC ADI	ADI	26,314	$5.2m26.3k shares
BIOGEN INC BIIB	BIIB	23,358	$5.0m23.4k shares
UNION PAC CORP UNP	UNP	20,170	$5.0m20.2k shares
LAM RESEARCH CORP		5,064	$4.9m5.1k shares
CORE & MAIN INC CNM	CNM	83,412	$4.8m83.4k shares
FLOOR & DECOR HLDGS INC FND	FND	36,191	$4.7m36.2k shares
MICROSOFT CORP MSFT	MSFT	11,141	$4.7m11.1k shares
AIR PRODS & CHEMS INC APD	APD	18,595	$4.5m18.6k shares
WESTERN DIGITAL CORP WDC	WDC	65,384	$4.5m65.4k shares
SCHLUMBERGER LTD SLB	SLB	80,082	$4.4m80.1k shares
BOEING CO BA	BA	22,352	$4.3m22.4k shares
WELLS FARGO CO NEW WFC	WFC	74,183	$4.3m74.2k shares
STRYKER CORPORATION SYK	SYK	11,653	$4.2m11.7k shares
WASTE MGMT INC DEL WM	WM	18,850	$4.0m18.9k shares
MOTOROLA SOLUTIONS INC MSI	MSI	10,748	$3.8m10.7k shares
MCCORMICK & CO INC MKC	MKC	49,500	$3.8m49.5k shares
OLD DOMINION FREIGHT LINE IN ODFL	ODFL	17,178	$3.8m17.2k shares
INTEL CORP INTC	INTC	80,289	$3.5m80.3k shares
JPMORGAN CHASE & CO JPM	JPM	17,686	$3.5m17.7k shares