Entropy Technologies, LP

NEW YORK, NY · CIK 1976151 · 13F filing filed 2025-08-12

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)

$1.3bn reported value +22.6% vs Q1 2025

749positions

10.3%in top 10

375 new 209 added 164 reduced 308 sold out vs Q1 2025

Holdings, Q2 2025

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	MASTERCARD INCORPORATED CL A MA	MA	23,210	$13.0m1.04%	1.04%	Added +16.3k	+16,329 237.3%
2	QUALCOMM INC COM QCOM	QCOM	81,817	$13.0m1.04%	1.04%	Added +24.0k	+23,971 41.4%
3	SALESFORCE INC COM CRM	CRM	47,772	$13.0m1.03%	1.03%	Added +1.2k	+1,168 2.5%
4	PFIZER INC COM PFE	PFE	537,233	$13.0m1.03%	1.03%	Added +350.0k	+350,000 186.9%
5	DISNEY WALT CO COM DIS	DIS	105,006	$13.0m1.03%	1.03%	Reduced -5.2k	-5,181 -4.7%
6	SCHWAB CHARLES CORP COM SCHW	SCHW	142,708	$13.0m1.03%	1.03%	New
7	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	32,111	$13.0m1.03%	1.03%	New
8	NVIDIA CORPORATION COM NVDA	NVDA	82,370	$13.0m1.03%	1.03%	Added +9.5k	+9,529 13.1%
9	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	26,787	$13.0m1.03%	1.03%	New
10	PEPSICO INC COM PEP	PEP	97,935	$12.9m1.03%	1.03%	Added +23.5k	+23,471 31.5%
11	GE VERNOVA INC COM GEV	GEV	22,588	$12.0m0.95%	0.95%	Added +6.8k	+6,809 43.1%
12	LOCKHEED MARTIN CORP COM LMT	LMT	25,511	$11.8m0.94%	0.94%	Added +7.9k	+7,885 44.7%
13	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	84,235	$11.5m0.91%	0.91%	Added +20.8k	+20,795 32.8%
14	COSTCO WHSL CORP NEW COM COST	COST	10,686	$10.6m0.84%	0.84%	New
15	WALMART INC COM WMT	WMT	103,763	$10.1m0.81%	0.81%	Added +11.7k	+11,665 12.7%
16	PROCTER AND GAMBLE CO COM PG	PG	60,562	$9.6m0.77%	0.77%	New
17	SOFI TECHNOLOGIES INC COM SOFI	SOFI	523,501	$9.5m0.76%	0.76%	Added +49.6k	+49,566 10.5%
18	FISERV INC COM FISV	FISV	53,934	$9.3m0.74%	0.74%	New
19	BOOKING HOLDINGS INC COM BKNG	BKNG	1,600	$9.3m0.74%	0.74%	Added +1.3k	+1,300 433.3%
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	51,243	$9.0m0.72%	0.72%	Added +31.4k	+31,365 157.8%
21	BOSTON SCIENTIFIC CORP COM BSX	BSX	82,813	$8.9m0.71%	0.71%	Added +73.3k	+73,251 766.1%
22	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	60,562	$8.7m0.69%	0.69%	Added +38.5k	+38,550 175.1%
23	WELLTOWER INC COM WELL	WELL	56,798	$8.7m0.69%	0.69%	Added +40.8k	+40,839 255.9%
24	UNITEDHEALTH GROUP INC COM UNH	UNH	27,837	$8.7m0.69%	0.69%	Added +15.2k	+15,221 120.7%
25	COMCAST CORP NEW CL A CMCSA	CMCSA	239,619	$8.6m0.68%	0.68%	Added +169.4k	+169,372 241.1%
26	JABIL INC COM JBL	JBL	38,202	$8.3m0.66%	0.66%	Added +23.0k	+23,015 151.5%
27	ADOBE INC COM ADBE	ADBE	21,527	$8.3m0.66%	0.66%	Added +8.2k	+8,198 61.5%
28	APPLE INC COM AAPL	AAPL	40,101	$8.2m0.65%	0.65%	New
29	EXPAND ENERGY CORPORATION COM EXE	EXE	69,283	$8.1m0.64%	0.64%	Added +8.2k	+8,222 13.5%
30	GENERAL DYNAMICS CORP COM GD	GD	27,432	$8.0m0.64%	0.64%	Reduced -2.0k	-2,047 -6.9%
31	US BANCORP DEL COM NEW USB	USB	174,387	$7.9m0.63%	0.63%	Added +100.3k	+100,313 135.4%
32	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	18,431	$7.7m0.62%	0.62%	Added +14.8k	+14,814 409.6%
33	BLACKSTONE INC COM BX	BX	51,297	$7.7m0.61%	0.61%	Reduced -16.8k	-16,792 -24.7%
34	DANAHER CORPORATION COM DHR	DHR	38,445	$7.6m0.60%	0.60%	Added +17.2k	+17,198 80.9%
35	WASTE MGMT INC DEL COM WM	WM	33,105	$7.6m0.60%	0.60%	Added +7.3k	+7,303 28.3%
36	MERCADOLIBRE INC COM MELI	MELI	2,802	$7.3m0.58%	0.58%	Reduced -2.8k	-2,795 -49.9%
37	PHILLIPS 66 COM PSX	PSX	60,756	$7.2m0.58%	0.58%	New
38	HONEYWELL INTL INC COM COM		31,005	$7.2m0.57%	0.57%	New
39	ATLASSIAN CORPORATION CL A TEAM	TEAM	34,633	$7.0m0.56%	0.56%	Added +7.0k	+6,970 25.2%
40	PG&E CORP COM PCG	PCG	480,935	$6.7m0.53%	0.53%	Added +357.2k	+357,154 288.5%
41	D R HORTON INC COM DHI	DHI	50,340	$6.5m0.52%	0.52%	Reduced -1.7k	-1,723 -3.3%
42	PRUDENTIAL FINL INC COM PRU	PRU	59,230	$6.4m0.51%	0.51%	Added +43.7k	+43,681 280.9%
43	SNOWFLAKE INC CL A SNOW	SNOW	28,071	$6.3m0.50%	0.50%	New
44	CARDINAL HEALTH INC COM CAH	CAH	37,215	$6.3m0.50%	0.50%	Added +19.4k	+19,386 108.7%
45	YUM BRANDS INC COM YUM	YUM	41,727	$6.2m0.49%	0.49%	New
46	T-MOBILE US INC COM TMUS	TMUS	25,549	$6.1m0.48%	0.48%	New
47	DEVON ENERGY CORP NEW COM DVN	DVN	189,826	$6.0m0.48%	0.48%	Added +153.0k	+152,983 415.2%
48	ZSCALER INC COM ZS	ZS	19,207	$6.0m0.48%	0.48%	Added +15.7k	+15,737 453.5%
49	FIFTH THIRD BANCORP COM FITB	FITB	146,447	$6.0m0.48%	0.48%	Added +79.2k	+79,223 117.8%
50	ROCKWELL AUTOMATION INC COM ROK	ROK	17,691	$5.9m0.47%	0.47%	New
51	MONSTER BEVERAGE CORP NEW COM MNST	MNST	93,086	$5.8m0.46%	0.46%	New
52	PROGRESSIVE CORP COM PGR	PGR	21,363	$5.7m0.45%	0.45%	New
53	INTUIT COM INTU	INTU	7,200	$5.7m0.45%	0.45%	New
54	DOW INC COM DOW	DOW	213,448	$5.7m0.45%	0.45%	Added +186.3k	+186,266 685.2%
55	AMETEK INC COM AME	AME	30,611	$5.5m0.44%	0.44%	New
56	AMERICAN EXPRESS CO COM AXP	AXP	16,373	$5.2m0.41%	0.41%	Added +5.3k	+5,263 47.4%
57	VENTAS INC COM VTR	VTR	80,196	$5.1m0.40%	0.40%	Added +52.7k	+52,716 191.8%
58	ZOETIS INC CL A ZTS	ZTS	32,304	$5.0m0.40%	0.40%	Reduced -4.9k	-4,902 -13.2%
59	EXXON MOBIL CORP COM XOM	XOM	46,291	$5.0m0.40%	0.40%	New
60	EQT CORP COM EQT	EQT	84,994	$5.0m0.39%	0.39%	Reduced -2.2k	-2,224 -2.5%
61	PALO ALTO NETWORKS INC COM PANW	PANW	22,991	$4.7m0.37%	0.37%	Added +18.2k	+18,242 384.1%
62	HALEON PLC SPON ADS HLN	HLN	447,744	$4.6m0.37%	0.37%	Added +279.1k	+279,100 165.5%
63	WILLIAMS COS INC COM WMB	WMB	73,824	$4.6m0.37%	0.37%	Added +48.8k	+48,824 195.3%
64	PACKAGING CORP AMER COM PKG	PKG	24,470	$4.6m0.37%	0.37%	Added +2.2k	+2,184 9.8%
65	CENTERPOINT ENERGY INC COM CNP	CNP	123,394	$4.5m0.36%	0.36%	New
66	FEDEX CORP COM FDX	FDX	19,512	$4.4m0.35%	0.35%	New
67	FORD MTR CO COM F	F	408,121	$4.4m0.35%	0.35%	New
68	CBRE GROUP INC CL A CBRE	CBRE	31,327	$4.4m0.35%	0.35%	Added +26.5k	+26,520 551.7%
69	TARGET CORP COM TGT	TGT	43,764	$4.3m0.34%	0.34%	Added +25.6k	+25,569 140.5%
70	ALBEMARLE CORP COM ALB	ALB	67,636	$4.2m0.34%	0.34%	Added +49.0k	+48,975 262.4%
71	RESMED INC COM RMD	RMD	16,384	$4.2m0.34%	0.34%	Added +10.7k	+10,708 188.7%
72	VISTRA CORP COM VST	VST	21,441	$4.2m0.33%	0.33%	New
73	ALLY FINL INC COM ALLY	ALLY	106,319	$4.1m0.33%	0.33%	New
74	CARMAX INC COM KMX	KMX	61,454	$4.1m0.33%	0.33%	Added +52.1k	+52,144 560.1%
75	GE AEROSPACE COM NEW GE	GE	15,861	$4.1m0.32%	0.32%	Reduced -1.5k	-1,541 -8.9%
76	CLOROX CO DEL COM CLX	CLX	33,499	$4.0m0.32%	0.32%	New
77	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	24,607	$4.0m0.32%	0.32%	New
78	AIRBNB INC COM CL A ABNB	ABNB	29,851	$4.0m0.31%	0.31%	Added +9.4k	+9,401 46.0%
79	OVINTIV INC COM OVV	OVV	103,038	$3.9m0.31%	0.31%	Added +61.2k	+61,221 146.4%
80	RALPH LAUREN CORP CL A RL	RL	14,226	$3.9m0.31%	0.31%	New
81	APOLLO GLOBAL MGMT INC COM APO	APO	27,311	$3.9m0.31%	0.31%	New
82	TAPESTRY INC COM TPR	TPR	43,884	$3.9m0.31%	0.31%	Added +19.6k	+19,642 81.0%
83	BARRICK MNG CORP COM SHS B	B	184,582	$3.8m0.31%	0.31%	New
84	PRICE T ROWE GROUP INC COM TROW	TROW	39,477	$3.8m0.30%	0.30%	Added +33.2k	+33,247 533.7%
85	CLOUDFLARE INC CL A COM NET	NET	19,427	$3.8m0.30%	0.30%	Reduced -6.6k	-6,617 -25.4%
86	SKYWORKS SOLUTIONS INC COM SWKS	SWKS	50,793	$3.8m0.30%	0.30%	Added +21.7k	+21,670 74.4%
87	REGENERON PHARMACEUTICALS COM REGN	REGN	7,196	$3.8m0.30%	0.30%	Reduced -1.9k	-1,894 -20.8%
88	EDISON INTL COM EIX	EIX	73,212	$3.8m0.30%	0.30%	Reduced -17.3k	-17,327 -19.1%
89	MERCK & CO INC COM MRK	MRK	47,489	$3.8m0.30%	0.30%	Added +2.0k	+2,022 4.5%
90	AMEREN CORP COM AEE	AEE	39,074	$3.8m0.30%	0.30%	New
91	CHAMPIONX CORPORATION COM CHX	CHX	150,571	$3.7m0.30%	0.30%	Added +142.4k	+142,371 1736.2%
92	ENTERGY CORP NEW COM ETR	ETR	44,725	$3.7m0.30%	0.30%	Added +13.1k	+13,131 41.6%
93	RUBRIK INC. CL A RBRK	RBRK	41,270	$3.7m0.29%	0.29%	Added +10.6k	+10,618 34.6%
94	NEXTERA ENERGY INC COM NEE	NEE	52,838	$3.7m0.29%	0.29%	New
95	PACCAR INC COM PCAR	PCAR	38,482	$3.7m0.29%	0.29%	New
96	MCCORMICK & CO INC COM NON VTG MKC	MKC	47,849	$3.6m0.29%	0.29%	New
97	ILLINOIS TOOL WKS INC COM ITW	ITW	14,634	$3.6m0.29%	0.29%	New
98	EQUITABLE HLDGS INC COM EQH	EQH	63,856	$3.6m0.28%	0.28%	Added +46.3k	+46,285 263.4%
99	ONTO INNOVATION INC COM ONTO	ONTO	34,209	$3.5m0.27%	0.27%	New
100	GARTNER INC COM IT	IT	8,522	$3.4m0.27%	0.27%	Added +7.0k	+7,022 468.1%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
EQUINIX INC EQIX	EQIX	15,381	$12.5m15.4k shares
JOHNSON & JOHNSON JNJ	JNJ	75,371	$12.5m75.4k shares
MARSH & MCLENNAN COS INC MRSH	MRSH	47,314	$11.5m47.3k shares
BROADCOM INC AVGO	AVGO	63,546	$10.6m63.5k shares
META PLATFORMS INC META	META	17,146	$9.9m17.1k shares
HOME DEPOT INC HD	HD	22,608	$8.3m22.6k shares
APPLIED MATLS INC AMAT	AMAT	51,018	$7.4m51.0k shares
CATERPILLAR INC CAT	CAT	22,173	$7.3m22.2k shares
CSX CORP CSX	CSX	225,397	$6.6m225.4k shares
CHIPOTLE MEXICAN GRILL INC CMG	CMG	126,719	$6.4m126.7k shares
GRAINGER W W INC GWW	GWW	6,200	$6.1m6.2k shares
COCA-COLA EUROPACIFIC PARTNE CCEP	CCEP	68,449	$6.0m68.4k shares
CONOCOPHILLIPS COP	COP	56,409	$5.9m56.4k shares
DOORDASH INC DASH	DASH	31,350	$5.7m31.4k shares
KLA CORP KLAC	KLAC	7,071	$4.8m7.1k shares
TEXAS INSTRS INC TXN	TXN	26,670	$4.8m26.7k shares
KIMBERLY-CLARK CORP KMB	KMB	33,032	$4.7m33.0k shares
UBS GROUP AG UBS	UBS	149,362	$4.6m149.4k shares
THE TRADE DESK INC TTD	TTD	81,774	$4.5m81.8k shares
PENTAIR PLC PNR	PNR	50,396	$4.4m50.4k shares
CONSTELLATION BRANDS INC STZ	STZ	24,003	$4.4m24.0k shares
CHEVRON CORP NEW CVX	CVX	25,762	$4.3m25.8k shares
TESLA INC TSLA	TSLA	14,605	$3.8m14.6k shares
MICROSOFT CORP MSFT	MSFT	9,996	$3.8m10.0k shares
WEX INC WEX	WEX	23,494	$3.7m23.5k shares