Lagoda Investment Management, L.P. — 13F Holdings & Portfolio
CIK 1632108 · latest 13F-HR filed 2026-08-14
Lagoda Investment Management, L.P. manages $181.9M in 13F-reported U.S. long-equity assets across 25 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are TPL (20.60%), NTRA (8.73%), TSM (7.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 2; 10 existing positions rose in reported value and 7 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$181.9M
Long-equity book
Holdings
25
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+2 / −2 / ↑10 / ↓7
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26TPL20.6% · -1%NTRA8.7% · -9%TSM7.2% · +0%GOOG7.1% · -3%AMD5.7% · +55%ARM5.6% · +9%DMRC5.2% · +7%XPO4.7% · -16%STXS3.9% · -5%RNR3.9% · -2%GXO3.6% · 0%TMDX3.6% · +8%GH3.1% · +3%PTC2.9% · +10%SNPS2.6% · +13%UI2.0% · -26%QXO1.9% · +163%PROF1.8% · +14%MA1.3% · -7%HEI1.2% · +3%VNRX1.1% · newTRUP1.1% · -20%BRK.B1.0% · 0%MSFT0.2% · -2%GLD0.1% · +17%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 72.5%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 17, 2026.
Assets Under Management
$312.6M
Discretionary
$312.6M
Employees
4
Accounts
49
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DICKEY, FATIMA, KATARZYNA Control | LIMITED PARTNER, SENIOR MANAGING PRINCIPAL since May 2014 | 75% or more | Individual |
| LAGODA INVESTMENT MANAGEMENT, LLC Control | GENERAL PARTNER since Feb 2014 | Less than 5% | Domestic Entity |
| OZONE, JASON, ANTHONY Control | CHIEF COMPLIANCE OFFICER since Sep 2018 | Less than 5% | Individual |
| HORIZON COMMON INC. | LIMITED PARTNER since Apr 2014 | 5–10% | Domestic Entity |
| HORIZON KINETICS LLC | LIMITED PARTNER since Apr 2014 | 5–10% | Domestic Entity |
| DICKEY, FATIMA, KATARZYNA Control Indirect owner via LAGODA INVESTMENT MANAGEMENT, LLC | MEMBER since May 2014 | 75% or more | Individual |
| HORIZON KINETICS HOLDING CORPORATION Control Indirect owner via HORIZON KINETICS LLC | OWNER since Aug 2024 | 75% or more | Domestic Entity |
Ownership & leadership changes · 10 filings with changes since Apr 4, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 28, 2025 filing
- No longer listedBREGMAN, STEVEN · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedDOYLE, LAWRENCE, PATRICK · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedDOYLE, PETER, BRENDAN · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedEWING, THOMAS, CRIMMINS · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedHORIZON COMMON INC · MEMBER · 25–50% · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedKESSLEN, JAY, HARRIS · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedKINETICS COMMON INC · MEMBER · 25–50% · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedPOLYAKOV, LEONID · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedSTAHL, MURRAY · CHAIRMAN OF THE BOARD OF MANAGERS AND ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
- No longer listedWILLIAMS, ALUN, L · MEMBER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Feb 2021
- AddedHORIZON KINETICS HOLDING CORPORATION · OWNER · 75% or more · indirect via HORIZON KINETICS LLC · control person
Mar 11, 2022 filing
- AddedWILLIAMS, ALUN, L · MEMBER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
Mar 17, 2021 filing
- No longer listedROSS, HUGH, MICHAEL · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person · listed since Apr 2011
Mar 25, 2020 filing
- ChangedDICKEY, FATIMA, KATARZYNA · ownership 50–75% → 75% or more
- ChangedHORIZON COMMON INC · indirect via HORIZON KINETICS LLC: title OWNER → MEMBER
- ChangedHORIZON COMMON INC. · ownership 10–25% → 5–10%
- ChangedHORIZON KINETICS LLC · ownership 10–25% → 5–10%
- ChangedKINETICS COMMON INC · indirect via HORIZON KINETICS LLC: title OWNER → MEMBER
- ChangedSTAHL, MURRAY · indirect via HORIZON KINETICS LLC: title CHAIRMAN OF THE BOARD OF MANAGES AND ELECTED MANAGER → CHAIRMAN OF THE BOARD OF MANAGERS AND ELECTED MANAGER
Oct 25, 2018 filing
- No longer listedBAYLES, RICHARD, LYMAN · LIMITED PARTNER, SENIOR MANAGING PRINCIPAL · 25–50% · control person · listed since May 2014
- No longer listedBAYLES, RICHARD, LYMAN · MEMBER · 25–50% · indirect via LAGODA INVESTMENT MANAGEMENT, LLC · control person · listed since May 2014
- No longer listedHA, YOUNGDAWN, DANIEL · LIMITED PARTNER, MANAGING PRINCIPAL · Less than 5% · control person · listed since Mar 2014
- No longer listedMOUSSESCRIBE · GENERAL PARTNER, MOUSSETRUST, L.P. · General partner, trustee or manager · indirect via MOUSSETRUST, L.P. · control person · listed since Jun 2008
- No longer listedMOUSSETRUST, L.P. · LIMITED PARTNER · 10–25% · listed since Jun 2014
- No longer listedTHE HAURENNA TRUST · LIMITED PARTNER, MOUSSETRUST, L.P. · 25–50% · indirect via MOUSSETRUST, L.P. · listed since Jul 2008
- No longer listedTHE LYPHARD TRUST · LIMITED PARTNER, MOUSSETRUST, L.P. · 25–50% · indirect via MOUSSETRUST, L.P. · listed since Jul 2008
- No longer listedU.S. TRUST COMPANY OF DELAWARE · TRUSTEE, THE HAURENNA TRUST AND THE LYPHARD TRUST · General partner, trustee or manager · indirect via THE HAURENNA TRUST AND THE LYPHARD TRUST · control person · listed since Dec 1995
- No longer listedZERN, ALLEN, WILLIAMS · LIMITED PARTNER · Less than 5% · listed since Feb 2014
- AddedBREGMAN, STEVEN · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedDOYLE, LAWRENCE, PATRICK · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedDOYLE, PETER, BRENDAN · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedEWING, THOMAS, CRIMMINS · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedHORIZON COMMON INC · OWNER · 25–50% · indirect via HORIZON KINETICS LLC · control person
- AddedHORIZON KINETICS LLC · LIMITED PARTNER · 10–25%
- AddedKESSLEN, JAY, HARRIS · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedKINETICS COMMON INC · OWNER · 25–50% · indirect via HORIZON KINETICS LLC · control person
- AddedPOLYAKOV, LEONID · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedROSS, HUGH, MICHAEL · ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- AddedSTAHL, MURRAY · CHAIRMAN OF THE BOARD OF MANAGES AND ELECTED MANAGER · General partner, trustee or manager · indirect via HORIZON KINETICS LLC · control person
- Listed againHORIZON COMMON INC. · LIMITED PARTNER · 10–25%
- ChangedDICKEY, FATIMA, KATARZYNA · ownership 25–50% → 50–75%
- ChangedDICKEY, FATIMA, KATARZYNA · indirect via LAGODA INVESTMENT MANAGEMENT, LLC: ownership 25–50% → 75% or more
Sep 28, 2018 filing
- No longer listedKEENAN, PATRICK, ANTHONY · CHIEF FINANCIAL OFFICER AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2014
- AddedOZONE, JASON, ANTHONY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Feb 8, 2016 filing
- No longer listedHORIZON COMMON INC. · LIMITED PARTNER · Less than 5% · listed since Apr 2014
- No longer listedHORIZON KINETICS LLC · MEMBER · 75% or more · indirect via HK VENTURE CAPITAL PARTNERS, LLC · control person · listed since Apr 2014
Mar 31, 2015 filing
- No longer listedHK VENTURE CAPITAL PARTNERS, LLC · LIMITED PARTNER · Less than 5% · listed since Apr 2014
Jul 23, 2014 filing
- AddedMOUSSESCRIBE · GENERAL PARTNER, MOUSSETRUST, L.P. · General partner, trustee or manager · indirect via MOUSSETRUST, L.P. · control person
- AddedMOUSSETRUST, L.P. · LIMITED PARTNER · 10–25%
- AddedTHE HAURENNA TRUST · LIMITED PARTNER, MOUSSETRUST, L.P. · 25–50% · indirect via MOUSSETRUST, L.P.
- AddedTHE LYPHARD TRUST · LIMITED PARTNER, MOUSSETRUST, L.P. · 25–50% · indirect via MOUSSETRUST, L.P.
- AddedU.S. TRUST COMPANY OF DELAWARE · TRUSTEE, THE HAURENNA TRUST AND THE LYPHARD TRUST · General partner, trustee or manager · indirect via THE HAURENNA TRUST AND THE LYPHARD TRUST · control person
- ChangedHA, YOUNGDAWN, DANIEL · ownership 25–50% → Less than 5%
May 15, 2014 filing
- No longer listedHA, YOUNGDAWN, DANIEL · SOLE MEMBER · 75% or more · indirect via LAGODA INVESTMENT MANAGEMENT, LLC · control person · listed since Mar 2014
- AddedBAYLES, RICHARD, LYMAN · LIMITED PARTNER, SENIOR MANAGING PRINCIPAL · 25–50% · control person
- AddedBAYLES, RICHARD, LYMAN · MEMBER · 25–50% · indirect via LAGODA INVESTMENT MANAGEMENT, LLC · control person
- AddedDICKEY, FATIMA, KATARZYNA · LIMITED PARTNER, SENIOR MANAGING PRINCIPAL · 25–50% · control person
- AddedDICKEY, FATIMA, KATARZYNA · MEMBER · 25–50% · indirect via LAGODA INVESTMENT MANAGEMENT, LLC · control person
- AddedHK VENTURE CAPITAL PARTNERS, LLC · LIMITED PARTNER · Less than 5%
- AddedHORIZON COMMON INC. · LIMITED PARTNER · Less than 5%
- AddedHORIZON KINETICS LLC · MEMBER · 75% or more · indirect via HK VENTURE CAPITAL PARTNERS, LLC · control person
- ChangedHA, YOUNGDAWN, DANIEL · title LIMITED PARTNER → LIMITED PARTNER, MANAGING PRINCIPAL; ownership 75% or more → 25–50%
Older changes (1 more filing)
Apr 4, 2014 filing (earliest on record)
- ListedHA, YOUNGDAWN, DANIEL · LIMITED PARTNER · 75% or more · control person
- ListedHA, YOUNGDAWN, DANIEL · SOLE MEMBER · 75% or more · indirect via LAGODA INVESTMENT MANAGEMENT, LLC · control person
- ListedKEENAN, PATRICK, ANTHONY · CHIEF FINANCIAL OFFICER AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedLAGODA INVESTMENT MANAGEMENT, LLC · GENERAL PARTNER · Less than 5% · control person
- ListedZERN, ALLEN, WILLIAMS · LIMITED PARTNER · Less than 5%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ADVANCED MICRO DEVICES INC$8.0M +343.4%
- ARM HOLDINGS PLC$6.2M +156.3%
- TAIWAN SEMICONDUCTOR MANUFAC$3.9M +41.9%
- NATERA INC$3.0M +23.2%
- GUARDANT HEALTH INC$2.2M +66.7%
Top Trims
- UBIQUITI INC-$3.5M -49.8%
- TEXAS PACIFIC LAND CORPORATI-$3.4M -8.4%
- TRANSMEDICS GROUP INC-$2.5M -28.1%
- XPO INC-$1.1M -11.1%
- STEREOTAXIS INC-$913.9K -11.4%
Lagoda Investment Management, L.P. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | TEXAS PACIFIC LAND CORPORATI | TPL | 88262P102 | $37.5M | 20.60% | 85,631 | SH |
| 2 | NATERA INC | NTRA | 632307104 | $15.9M | 8.73% | 58,503 | SH |
| 3 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $13.1M | 7.23% | 27,520 | SH |
| 4 | ALPHABET INC | GOOG | 02079K107 | $12.9M | 7.07% | 36,375 | SH |
| 5 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $10.4M | 5.69% | 17,825 | SH |
| 6 | ARM HOLDINGS PLC | ARM | 042068205 | $10.1M | 5.56% | 28,525 | SH |
| 7 | DIGIMARC CORP | DMRC | 25382K100 | $9.4M | 5.15% | 1,140,450 | SH |
| 8 | XPO INC | XPO | 983793100 | $8.6M | 4.73% | 41,890 | SH |
| 9 | STEREOTAXIS INC | STXS | 85916J409 | $7.1M | 3.90% | 4,122,600 | SH |
| 10 | RENAISSANCERE HLDGS LTD | RNR | G7496G103 | $7.0M | 3.87% | 22,235 | SH |
| 11 | GXO LOGISTICS INCORPORATED | GXO | 36262G101 | $6.6M | 3.60% | 129,310 | SH |
| 12 | TRANSMEDICS GROUP INC | TMDX | 89377M109 | $6.5M | 3.56% | 97,465 | SH |
| 13 | GUARDANT HEALTH INC | GH | 40131M109 | $5.6M | 3.08% | 37,365 | SH |
| 14 | PTC INC | PTC | 69370C100 | $5.2M | 2.85% | 45,660 | SH |
| 15 | SYNOPSYS INC | SNPS | 871607107 | $4.7M | 2.61% | 10,626 | SH |
| 16 | UBIQUITI INC | UI | 90353W103 | $3.5M | 1.95% | 6,646 | SH |
| 17 | QXO INC | QXO | 82846H405 | $3.5M | 1.94% | 203,675 | SH |
| 18 | PROFOUND MED CORP | PROF | 74319B502 | $3.3M | 1.83% | 501,325 | SH |
| 19 | MASTERCARD INCORPORATED | MA | 57636Q104 | $2.4M | 1.34% | 4,735 | SH |
| 20 | HEICO CORP NEW | HEI | 422806109 | $2.1M | 1.17% | 6,000 | SH |
| 21 | VOLITIONRX LTD | VNRX | 928661206 | $2.0M | 1.08% | 1,455,950 | SH |
| 22 | TRUPANION INC | TRUP | 898202106 | $2.0M | 1.08% | 79,050 | SH |
| 23 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $1.8M | 1.01% | 3,670 | SH |
| 24 | MICROSOFT CORP | MSFT | 594918104 | $401.0K | 0.22% | 1,075 | SH |
| 25 | SPDR GOLD TR | GLD | 78463V107 | $257.9K | 0.14% | 700 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $181.9M | 25 | 0001493152-26-038315 |
| 2026-03-31 | 2026-05-15 | $162.2M | 25 | 0001493152-26-023723 |
| 2025-12-31 | 2026-02-17 | $172.7M | 25 | 0001493152-26-007087 |
| 2025-09-30 | 2025-11-14 | $176.7M | 23 | 0001493152-25-023435 |
Filer Information
Address
3 COLUMBUS CIRCLEFLOOR 15
NEW YORK, NY 10019
Phone
(212) 309-7664
Filing Manager
Lagoda Investment Management, L.P.
NEW YORK, NY
Signatory
Jason A. Ozone
Chief Financial Officer and Chief Compliance Officer