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Entropy Technologies, LP — 13F Holdings & Portfolio

CIK 1976151 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Entropy Technologies, LP manages $2.51B in 13F-reported U.S. long-equity assets across 930 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NOC (0.76%), MA (0.76%), SHW (0.76%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 425 new positions and exited 353; 289 existing positions rose in reported value and 190 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
$2.51B

Long-equity book

Holdings
930

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+425 / −353 / ↑289 / ↓190

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NOC0.8% · newMA0.8% · +5%SHW0.8% · +84%COP0.8% · +3873%WFC0.8% · newCOF0.8% · +138%MCK0.8% · +408%PEP0.8% · +24%OXY0.8% · +43%ISRG0.8% · newTFC0.7% · +86%INTU0.7% · newLRCX0.7% · newKHC0.7% · +60%DVN0.7% · newABBV0.6% · newAXP0.6% · -18%CME0.6% · +80%BSX0.6% · +33%PG0.6% · newAMAT0.6% · +1615%PH0.6% · -11%RSG0.6% · +1278%FIX0.6% · +18%CIEN0.6% · newNUE0.6% · newABNB0.5% · newDOW0.5% · +431%EQIX0.5% · +307%STX0.5% · -49%CMG0.5% · +58%LLY0.5% · 0%MNST0.5% · +18%ICE0.5% · +713%MELI0.5% · -1%MMM0.5% · +7%TMUS0.5% · +176%CPRT0.5% · +100%GILD0.5% · +34%IDXX0.5% · +42%FTNT0.5% · +1272%ALNY0.5% · +15%NEM0.5% · -0%SYF0.5% · +333%TJX0.5% · -19%TT0.5% · -42%PCAR0.5% · newLYB0.5% · newBLK0.5% · -34%SHEL0.5% · newNEE0.4% · newNOK0.4% · +373%HIG0.4% · newNVDA0.4% · +39%C0.4% · newHUBS0.4% · newCRH0.4% · +190%ITW0.4% · +144%LYV0.4% · newBKNG0.4% · +7773%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 7.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 20, 2026.

Assets Under Management
$2.24B
Discretionary
$2.24B
Employees
16
Accounts
4
Address
1359 BROADWAY
SUITE 1130
NEW YORK, NY 10018
Phone
(646) 706-5703
Name Title / Status Ownership Type
DURKOVIC, DAMIR, NMN ControlCHIEF COMPLIANCE OFFICER /CHIEF OPERATING OFFICER
since Jul 2022
Less than 5%Individual
ENTROPY TECHNOLOGIES GP, LLC ControlGENERAL PARTNER
since Jul 2022
Less than 5%Domestic Entity
MODI, ARJUN, RAJAN ControlCO-CHIEF INVESTMENT OFFICER/LIMITED PARTNER
since Jul 2022
25–50%Individual
MODI, VIKRAM, RAJAN ControlCO-CHIEF INVESTMENT OFFICER/LIMITED PARTNER
since Jul 2022
25–50%Individual
SCHWARTZMAN, MATTHEW, JESSE ControlCHIEF FINANCIAL OFFICER
since Sep 2022
Less than 5%Individual
MODI, ARJUN, RAJAN Control
Indirect owner via ENTROPY TECHNOLOGIES GP, LLC
MEMBER
since Jul 2022
50–75%Individual
MODI, VIKRAM, RAJAN Control
Indirect owner via ENTROPY TECHNOLOGIES GP, LLC
MEMBER
since Jul 2022
50–75%Individual
Ownership & leadership changes · 1 filing with changes since Mar 15, 2023

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.

Feb 13, 2024 filing
  • ChangedDURKOVIC, DAMIR, NMN · title CCO/COO → CHIEF COMPLIANCE OFFICER /CHIEF OPERATING OFFICER
  • ChangedSCHWARTZMAN, MATTHEW, JESSE · title CFO → CHIEF FINANCIAL OFFICER
Mar 15, 2023 filing (earliest on record)
  • ListedDURKOVIC, DAMIR, NMN · CCO/COO · Less than 5% · control person
  • ListedENTROPY TECHNOLOGIES GP, LLC · GENERAL PARTNER · Less than 5% · control person
  • ListedMODI, ARJUN, RAJAN · CO-CHIEF INVESTMENT OFFICER/LIMITED PARTNER · 25–50% · control person
  • ListedMODI, ARJUN, RAJAN · MEMBER · 50–75% · indirect via ENTROPY TECHNOLOGIES GP, LLC · control person
  • ListedMODI, VIKRAM, RAJAN · CO-CHIEF INVESTMENT OFFICER/LIMITED PARTNER · 25–50% · control person
  • ListedMODI, VIKRAM, RAJAN · MEMBER · 50–75% · indirect via ENTROPY TECHNOLOGIES GP, LLC · control person
  • ListedSCHWARTZMAN, MATTHEW, JESSE · CFO · Less than 5% · control person

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)

Show all 289 →

Top Trims

Show all 190 →

New Positions

Show all 425 →

Exited Positions

Show all 353 →

Entropy Technologies, LP 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 NORTHROP GRUMMAN CORP NOC 666807102 $19.1M 0.76% 37,576 SH
2 MASTERCARD INCORPORATED MA 57636Q104 $19.1M 0.76% 37,122 SH
3 SHERWIN WILLIAMS CO SHW 824348106 $19.1M 0.76% 55,371 SH
4 CONOCOPHILLIPS COP 20825C104 $19.0M 0.75% 182,378 SH
5 WELLS FARGO & CO WFC 949746101 $18.9M 0.75% 229,295 SH
6 CAPITAL ONE FINL CORP COF 14040H105 $18.9M 0.75% 94,438 SH
7 MCKESSON CORP MCK 58155Q103 $18.9M 0.75% 25,067 SH
8 PEPSICO INC PEP 713448108 $18.9M 0.75% 139,825 SH
9 OCCIDENTAL PETE CORP OXY 674599105 $18.9M 0.75% 389,171 SH
10 INTUITIVE SURGICAL INC ISRG 46120E602 $18.9M 0.75% 47,513 SH
11 TRUIST FINL CORP TFC 89832Q109 $18.6M 0.74% 372,477 SH
12 INTUIT INTU 461202103 $18.2M 0.72% 69,622 SH
13 LAM RESEARCH CORP LRCX 512807306 $18.1M 0.72% 41,853 SH
14 KRAFT HEINZ CO KHC 500754106 $17.9M 0.71% 757,176 SH
15 DEVON ENERGY CORP NEW DVN 25179M103 $17.1M 0.68% 414,797 SH
16 ABBVIE INC ABBV 00287Y109 $16.2M 0.64% 64,317 SH
17 AMERICAN EXPRESS CO AXP 025816109 $16.2M 0.64% 47,809 SH
18 CME GROUP INC CME 12572Q105 $16.1M 0.64% 73,092 SH
19 BOSTON SCIENTIFIC CORP BSX 101137107 $16.0M 0.64% 375,251 SH
20 PROCTER & GAMBLE CO PG 742718109 $15.9M 0.63% 108,499 SH
21 APPLIED MATLS INC AMAT 038222105 $15.4M 0.61% 21,367 SH
22 PARKER-HANNIFIN CORP PH 701094104 $15.3M 0.61% 15,636 SH
23 REPUBLIC SVCS INC RSG 760759100 $15.3M 0.61% 71,712 SH
24 COMFORT SYS USA INC FIX 199908104 $15.2M 0.60% 7,645 SH
25 CIENA CORP CIEN 171779309 $14.1M 0.56% 28,706 SH
26 NUCOR CORP NUE 670346105 $13.9M 0.55% 62,348 SH
27 AIRBNB INC ABNB 009066101 $13.6M 0.54% 95,328 SH
28 DOW HLDGS INC DOW 260557103 $13.6M 0.54% 496,472 SH
29 EQUINIX INC EQIX 29444U700 $13.6M 0.54% 13,010 SH
30 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $13.3M 0.53% 13,827 SH
31 CHIPOTLE MEXICAN GRILL INC CMG 169656105 $13.3M 0.53% 390,928 SH
32 ELI LILLY & CO LLY 532457108 $13.3M 0.53% 11,052 SH
33 MONSTER BEVERAGE CORP NEW MNST 61174X109 $13.2M 0.53% 137,787 SH
34 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $13.1M 0.52% 106,066 SH
35 MERCADOLIBRE INC MELI 58733R102 $13.0M 0.52% 7,682 SH
36 3M CO MMM 88579Y101 $13.0M 0.52% 80,354 SH
37 T-MOBILE US INC TMUS 872590104 $13.0M 0.52% 77,469 SH
38 COPART INC CPRT 217204106 $12.6M 0.50% 448,695 SH
39 GILEAD SCIENCES INC GILD 375558103 $12.6M 0.50% 99,958 SH
40 IDEXX LABS INC IDXX 45168D104 $12.6M 0.50% 23,854 SH
41 FORTINET INC FTNT 34959E109 $12.5M 0.50% 81,376 SH
42 ALNYLAM PHARMACEUTICALS INC ALNY 02043Q107 $12.4M 0.49% 41,204 SH
43 NEWMONT CORP NEM 651639106 $12.3M 0.49% 131,917 SH
44 SYNCHRONY FINANCIAL SYF 87165B103 $12.3M 0.49% 161,625 SH
45 TJX COS INC NEW TJX 872540109 $12.2M 0.48% 80,437 SH
46 TRANE TECHNOLOGIES PLC TT G8994E103 $12.1M 0.48% 24,561 SH
47 PACCAR INC PCAR 693718108 $11.9M 0.48% 99,452 SH
48 LYONDELLBASELL INDUSTRIES NV LYB N53745100 $11.7M 0.46% 221,868 SH
49 BLACKROCK INC BLK 09290D101 $11.6M 0.46% 12,056 SH
50 SHELL PLC SHEL 780259305 $11.4M 0.45% 146,446 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $2.51B 930 0001976151-26-000005
2026-03-31 2026-05-14 $2.17B 857 0001976151-26-000004
2025-12-31 2026-02-13 $1.84B 849 0001976151-26-000002
2025-09-30 2025-11-13 $1.34B 784 0001976151-25-000025
Filer Information
Address
1359 BROADWAY
SUITE 1130
NEW YORK, NY 10018
Phone
(646) 706-5703
Filing Manager
Entropy Technologies, LP
NEW YORK, NY
Signatory
Damir Durkovic
CCO/COO