Entropy Technologies, LP

NEW YORK, NY · CIK 1976151 · 13F filing filed 2025-01-28

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)

$971.0m reported value +1.9% vs Q3 2024

691positions

11.2%in top 10

367 new 177 added 145 reduced 363 sold out vs Q3 2024

Holdings, Q4 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	DANAHER CORPORATION COM DHR	DHR	54,567	$12.5m1.29%	1.29%	Added +30.5k	+30,464 126.4%
2	PFIZER INC COM PFE	PFE	471,886	$12.5m1.29%	1.29%	Added +442.2k	+442,175 1488.2%
3	ADOBE INC COM ADBE	ADBE	28,011	$12.5m1.28%	1.28%	Added +11.4k	+11,415 68.8%
4	NVIDIA CORPORATION COM NVDA	NVDA	92,455	$12.4m1.28%	1.28%	Added +61.9k	+61,855 202.1%
5	OCCIDENTAL PETE CORP COM OXY	OXY	239,172	$11.8m1.22%	1.22%	Added +146.7k	+146,668 158.6%
6	BANK AMERICA CORP COM BAC	BAC	261,831	$11.5m1.19%	1.19%	Added +91.5k	+91,549 53.8%
7	KLA CORP COM NEW KLAC	KLAC	16,119	$10.2m1.05%	1.05%	New
8	DOORDASH INC CL A DASH	DASH	52,691	$8.8m0.91%	0.91%	Added +41.7k	+41,697 379.3%
9	CDW CORP COM CDW	CDW	48,010	$8.4m0.86%	0.86%	Added +44.2k	+44,224 1168.1%
10	LOWES COS INC COM LOW	LOW	32,883	$8.1m0.84%	0.84%	New
11	BARRICK GOLD CORP COM COM		486,922	$7.5m0.78%	0.78%	Added +300.3k	+300,336 161.0%
12	INTUIT COM INTU	INTU	12,001	$7.5m0.78%	0.78%	Added +9.5k	+9,522 384.1%
13	PACKAGING CORP AMER COM PKG	PKG	32,514	$7.3m0.75%	0.75%	New
14	LINDE PLC SHS LIN	LIN	16,699	$7.0m0.72%	0.72%	Added +9.4k	+9,399 128.8%
15	GENERAL DYNAMICS CORP COM GD	GD	25,212	$6.6m0.68%	0.68%	Added +22.3k	+22,323 772.7%
16	ROPER TECHNOLOGIES INC COM ROP	ROP	12,554	$6.5m0.67%	0.67%	New
17	NEXTERA ENERGY INC COM NEE	NEE	89,710	$6.4m0.66%	0.66%	New
18	NIKE INC CL B NKE	NKE	84,603	$6.4m0.66%	0.66%	Added +59.7k	+59,652 239.1%
19	AMGEN INC COM AMGN	AMGN	24,194	$6.3m0.65%	0.65%	New
20	ELI LILLY & CO COM LLY	LLY	8,141	$6.3m0.65%	0.65%	Added +4.3k	+4,329 113.6%
21	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	41,469	$6.2m0.64%	0.64%	Added +12.8k	+12,791 44.6%
22	CONSTELLATION BRANDS INC CL A STZ	STZ	27,857	$6.2m0.63%	0.63%	Added +21.5k	+21,520 339.6%
23	DUKE ENERGY CORP NEW COM NEW DUK	DUK	56,437	$6.1m0.63%	0.63%	New
24	WASTE MGMT INC DEL COM WM	WM	30,059	$6.1m0.62%	0.62%	New
25	FIFTH THIRD BANCORP COM FITB	FITB	141,829	$6.0m0.62%	0.62%	New
26	INTEL CORP COM INTC	INTC	293,790	$5.9m0.61%	0.61%	Added +139.3k	+139,301 90.2%
27	PNC FINL SVCS GROUP INC COM PNC	PNC	30,201	$5.8m0.60%	0.60%	New
28	TESLA INC COM TSLA	TSLA	14,353	$5.8m0.60%	0.60%	Added +4.3k	+4,253 42.1%
29	TARGA RES CORP COM TRGP	TRGP	29,650	$5.3m0.55%	0.55%	Reduced -8.8k	-8,775 -22.8%
30	BIOGEN INC COM BIIB	BIIB	34,397	$5.3m0.54%	0.54%	New
31	CVS HEALTH CORP COM CVS	CVS	116,742	$5.2m0.54%	0.54%	Reduced -5.1k	-5,098 -4.2%
32	SOFI TECHNOLOGIES INC COM SOFI	SOFI	333,426	$5.1m0.53%	0.53%	Added +222.8k	+222,826 201.5%
33	SCHWAB CHARLES CORP COM SCHW	SCHW	69,281	$5.1m0.53%	0.53%	Reduced -25.9k	-25,920 -27.2%
34	MEDTRONIC PLC SHS MDT	MDT	63,500	$5.1m0.52%	0.52%	New
35	PROGRESSIVE CORP COM PGR	PGR	21,083	$5.1m0.52%	0.52%	Added +1.4k	+1,418 7.2%
36	EDISON INTL COM EIX	EIX	62,916	$5.0m0.52%	0.52%	Added +25.9k	+25,889 69.9%
37	VISTRA CORP COM VST	VST	36,300	$5.0m0.52%	0.52%	Reduced -4.3k	-4,278 -10.5%
38	GE VERNOVA INC COM GEV	GEV	15,090	$5.0m0.51%	0.51%	New
39	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	28,335	$4.9m0.51%	0.51%	Reduced -23.3k	-23,312 -45.1%
40	ROSS STORES INC COM ROST	ROST	32,402	$4.9m0.50%	0.50%	New
41	SIMON PPTY GROUP INC NEW COM SPG	SPG	28,424	$4.9m0.50%	0.50%	New
42	VERTIV HOLDINGS CO COM CL A VRT	VRT	43,044	$4.9m0.50%	0.50%	Added +11.2k	+11,205 35.2%
43	NUCOR CORP COM NUE	NUE	41,100	$4.8m0.49%	0.49%	New
44	COLGATE PALMOLIVE CO COM CL	CL	51,244	$4.7m0.48%	0.48%	Reduced -3.1k	-3,069 -5.7%
45	DOVER CORP COM DOV	DOV	24,687	$4.6m0.48%	0.48%	New
46	VIKING HOLDINGS LTD ORD SHS VIK	VIK	104,278	$4.6m0.47%	0.47%	Added +80.5k	+80,494 338.4%
47	KINROSS GOLD CORP COM KGC	KGC	494,590	$4.6m0.47%	0.47%	Added +360.1k	+360,100 267.8%
48	WILLIAMS COS INC COM WMB	WMB	81,413	$4.4m0.45%	0.45%	New
49	TRANE TECHNOLOGIES PLC SHS TT	TT	11,738	$4.3m0.45%	0.45%	Added +1.2k	+1,200 11.4%
50	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	8,166	$4.2m0.44%	0.44%	Reduced -8.4k	-8,353 -50.6%
51	MICROSOFT CORP COM MSFT	MSFT	9,655	$4.1m0.42%	0.42%	Reduced -19.6k	-19,617 -67.0%
52	QORVO INC COM QRVO	QRVO	58,192	$4.1m0.42%	0.42%	Added +34.7k	+34,749 148.2%
53	MORGAN STANLEY COM NEW MS	MS	31,516	$4.0m0.41%	0.41%	New
54	ARISTA NETWORKS INC COM SHS ANET	ANET	35,706	$3.9m0.41%	0.41%	New
55	VERIZON COMMUNICATIONS INC COM VZ	VZ	98,426	$3.9m0.41%	0.41%	New
56	TJX COS INC NEW COM TJX	TJX	32,457	$3.9m0.40%	0.40%	Added +3.0k	+2,984 10.1%
57	D R HORTON INC COM DHI	DHI	27,591	$3.9m0.40%	0.40%	Added +25.2k	+25,191 1049.6%
58	CISCO SYS INC COM CSCO	CSCO	64,797	$3.8m0.40%	0.40%	New
59	VENTAS INC COM VTR	VTR	64,853	$3.8m0.39%	0.39%	Added +17.3k	+17,271 36.3%
60	REGENERON PHARMACEUTICALS COM REGN	REGN	5,300	$3.8m0.39%	0.39%	Added +4.9k	+4,900 1225.0%
61	AT&T INC COM T	T	164,052	$3.7m0.38%	0.38%	Reduced -16.5k	-16,548 -9.2%
62	CENTENE CORP DEL COM CNC	CNC	61,211	$3.7m0.38%	0.38%	New
63	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	14,884	$3.7m0.38%	0.38%	New
64	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	12,406	$3.6m0.37%	0.37%	Reduced -18.1k	-18,142 -59.4%
65	IQVIA HLDGS INC COM IQV	IQV	18,440	$3.6m0.37%	0.37%	New
66	SALESFORCE INC COM CRM	CRM	10,717	$3.6m0.37%	0.37%	New
67	TARGET CORP COM TGT	TGT	26,303	$3.6m0.37%	0.37%	New
68	AGILENT TECHNOLOGIES INC COM A	A	26,319	$3.5m0.36%	0.36%	Added +5.3k	+5,344 25.5%
69	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	40,677	$3.5m0.36%	0.36%	Added +33.1k	+33,060 434.0%
70	CNX RES CORP COM CNX	CNX	94,657	$3.5m0.36%	0.36%	Added +78.7k	+78,719 493.9%
71	UNITED PARCEL SERVICE INC CL B UPS	UPS	27,326	$3.4m0.35%	0.35%	Added +5.8k	+5,752 26.7%
72	EOG RES INC COM EOG	EOG	28,076	$3.4m0.35%	0.35%	New
73	FORTIVE CORP COM FTV	FTV	45,510	$3.4m0.35%	0.35%	Reduced -20.0k	-19,996 -30.5%
74	ALTRIA GROUP INC COM MO	MO	64,770	$3.4m0.35%	0.35%	New
75	LENNOX INTL INC COM LII	LII	5,540	$3.4m0.35%	0.35%	Added +4.4k	+4,400 386.0%
76	PUBLIC STORAGE COM PSA	PSA	11,113	$3.3m0.34%	0.34%	New
77	TOAST INC CL A TOST	TOST	89,229	$3.3m0.33%	0.33%	Added +57.6k	+57,633 182.4%
78	AIRBNB INC COM CL A ABNB	ABNB	24,650	$3.2m0.33%	0.33%	Added +1.9k	+1,916 8.4%
79	DTE ENERGY CO COM DTE	DTE	26,761	$3.2m0.33%	0.33%	Reduced -18.4k	-18,421 -40.8%
80	VULCAN MATLS CO COM VMC	VMC	12,211	$3.1m0.32%	0.32%	Reduced -2.1k	-2,081 -14.6%
81	UBER TECHNOLOGIES INC COM UBER	UBER	51,302	$3.1m0.32%	0.32%	Reduced -36.3k	-36,285 -41.4%
82	MARSH & MCLENNAN COS INC COM MRSH	MRSH	14,278	$3.0m0.31%	0.31%	Added +10.5k	+10,473 275.2%
83	SOUTHERN CO COM SO	SO	36,549	$3.0m0.31%	0.31%	Added +29.1k	+29,070 388.7%
84	EQT CORP COM EQT	EQT	65,233	$3.0m0.31%	0.31%	New
85	QUALCOMM INC COM QCOM	QCOM	19,457	$3.0m0.31%	0.31%	Reduced -13.7k	-13,697 -41.3%
86	HALLIBURTON CO COM HAL	HAL	109,798	$3.0m0.31%	0.31%	Reduced -15.2k	-15,185 -12.2%
87	TRADEWEB MKTS INC CL A TW	TW	22,800	$3.0m0.31%	0.31%	Added +11.1k	+11,100 94.9%
88	BLACKSTONE INC COM BX	BX	17,238	$3.0m0.31%	0.31%	New
89	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	76,748	$2.9m0.29%	0.29%	New
90	BOEING CO COM BA	BA	15,713	$2.8m0.29%	0.29%	New
91	MERCK & CO INC COM MRK	MRK	27,843	$2.8m0.29%	0.29%	Reduced -12.0k	-11,996 -30.1%
92	ESSEX PPTY TR INC COM ESS	ESS	9,686	$2.8m0.28%	0.28%	Added +7.2k	+7,244 296.6%
93	EMCOR GROUP INC COM EME	EME	6,091	$2.8m0.28%	0.28%	Added +4.8k	+4,839 386.5%
94	DOMINION ENERGY INC COM D	D	50,792	$2.7m0.28%	0.28%	New
95	OLD REP INTL CORP COM ORI	ORI	74,673	$2.7m0.28%	0.28%	New
96	NXP SEMICONDUCTORS N V COM NXPI	NXPI	12,861	$2.7m0.28%	0.28%	Reduced -5.5k	-5,539 -30.1%
97	TORO CO COM TTC	TTC	33,312	$2.7m0.27%	0.27%	Added +19.1k	+19,112 134.6%
98	ROBLOX CORP CL A RBLX	RBLX	45,723	$2.6m0.27%	0.27%	Reduced -53.9k	-53,926 -54.1%
99	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	3,800	$2.6m0.27%	0.27%	New
100	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	317,122	$2.6m0.27%	0.27%	Added +196.3k	+196,300 162.5%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
LAM RESEARCH CORP LRCX	LRCX	154,200	$12.6m154.2k shares
SHERWIN WILLIAMS CO SHW	SHW	22,649	$8.6m22.6k shares
APPLE INC AAPL	AAPL	31,639	$7.4m31.6k shares
WALMART INC WMT	WMT	89,965	$7.3m90.0k shares
VISA INC V	V	26,397	$7.3m26.4k shares
PHILIP MORRIS INTL INC PM	PM	56,864	$6.9m56.9k shares
ILLINOIS TOOL WKS INC ITW	ITW	24,742	$6.5m24.7k shares
TE CONNECTIVITY PLC TEL	TEL	38,295	$5.8m38.3k shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	110,022	$5.7m110.0k shares
MERCADOLIBRE INC MELI	MELI	2,728	$5.6m2.7k shares
3M CO MMM	MMM	39,614	$5.4m39.6k shares
EATON CORP PLC ETN	ETN	16,018	$5.3m16.0k shares
EQUINIX INC EQIX	EQIX	5,900	$5.2m5.9k shares
NORTHROP GRUMMAN CORP NOC	NOC	9,580	$5.1m9.6k shares
HESS CORP HES	HES	34,571	$4.7m34.6k shares
PARKER-HANNIFIN CORP PH	PH	7,416	$4.7m7.4k shares
HUMANA INC HUM	HUM	14,767	$4.7m14.8k shares
COCA-COLA EUROPACIFIC PARTNE CCEP	CCEP	58,368	$4.6m58.4k shares
FREEPORT-MCMORAN INC FCX	FCX	91,578	$4.6m91.6k shares
COCA COLA CO KO	KO	60,006	$4.3m60.0k shares
SBA COMMUNICATIONS CORP NEW SBAC	SBAC	17,824	$4.3m17.8k shares
AMERICAN INTL GROUP INC AIG	AIG	56,288	$4.1m56.3k shares
HARTFORD INSURANCE GROUP INC HIG	HIG	34,385	$4.0m34.4k shares
BECTON DICKINSON & CO BDX	BDX	16,705	$4.0m16.7k shares
ULTA BEAUTY INC ULTA	ULTA	10,320	$4.0m10.3k shares