QVT Financial LP
Long book
$1.26B
Q1 2026
Positions
66
Top-10 weight
81%
concentration
Last quarter
+23.5%
SPY +14.8%
Turnover
51%
of book per quarter
Strategy in plain words
auto-generated from filingsQVT Financial LP is a concentrated fundamental stock-picker, specialised in healthcare (62% of the long book), running a $1.26B US long book across 66 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ROIVANT SCIENCES LTD, OKEANIS ECO TANKERS CORP, GOLDMAN SACHS GROUP INC, ALLOT LTD, INVESCO QQQ TRUST SERIES 1.
Over the last 9 quarters its long book ran on average 7.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.1%
Q2 2024
+11.2%
Q3 2024
-0.5%
Q4 2024
-9.8%
Q1 2025
+11.4%
Q2 2025
+24.3%
Q3 2025
+27.3%
Q4 2025
+16.7%
Q1 2026
+23.5%
Sector allocation
Healthcare 61%
Technology 13%
Financials 9%
Industrials 5%
Communications 5%
Other 5%
Consumer discretionary 1%
Energy 1%
Long book by quarter
What does QVT Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ROIV ROIVANT SCIENCES LTD | Healthcare | 25.2M | $697.0M | 55.4% | -4.6% |
| ECO OKEANIS ECO TANKERS CORP | Industrials | 1.4M | $64.8M | 5.2% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 56.3K | $47.6M | 3.8% | +8.7% |
| ALLT ALLOT LTD | Technology | 5.6M | $37.3M | 3.0% | +10.6% |
| NNI NELNET INC-CL A | Financials | 231.4K | $29.8M | 2.4% | +0.8% |
| NXST NEXSTAR MEDIA GROUP INC | Communications | 155.3K | $28.1M | 2.2% | Held |
| NYT NEW YORK TIMES CO-A | Other | 316.9K | $26.5M | 2.1% | Held |
| NVDA NVIDIA CORP | Technology | 137.2K | $23.9M | 1.9% | +0.4% |
| AAPL APPLE INC | Technology | 90.8K | $23.0M | 1.8% | +18.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 47.9K | $23.0M | 1.8% | Held |
| ATEX ANTERIX INC | Communications | 503.9K | $19.2M | 1.5% | Held |
| MSFT MICROSOFT CORP | Technology | 45.5K | $16.9M | 1.3% | +1980.4% |
| WHWK WHITEHAWK THERAPEUTICS INC | Healthcare | 4.6M | $15.9M | 1.3% | Held |
| LILAK LIBERTY LATIN AMERIC-CL C | Communications | 1.7M | $15.4M | 1.2% | Held |
| INFQ INFLEQTION INC | Technology | 1.3M | $12.3M | 1.0% | New |
| KMX CARMAX INC | Consumer discretionary | 260.9K | $10.8M | 0.9% | +13.4% |
| NE NOBLE CORP PLC | Energy | 208.6K | $10.2M | 0.8% | Held |
| AM6 AMICUS THERAPEUTICS INC | — | 699.3K | $10.1M | 0.8% | New |
| BIRK BIRKENSTOCK HOLDING PLC | Other | 273.5K | $9.8M | 0.8% | New |
| ORCL ORACLE CORP | Technology | 175.0K | $8.0M | 0.6% | New |
| FL3 REAL ASSET ACQUISITION | — | 762.7K | $8.0M | 0.6% | New |
| ZURA ZURA BIO LTD | Healthcare | 1.3M | $7.8M | 0.6% | New |
| SMMT SUMMIT THERAPEUTICS INC | Healthcare | 360.5K | $6.8M | 0.5% | Held |
| BXSL BLACKSTONE SECURED LENDING F | — | 249.6K | $5.9M | 0.5% | +7.5% |
| AVGO BROADCOM INC | Technology | 17.7K | $5.5M | 0.4% | +0.8% |
| MGNI MAGNITE INC | Technology | 453.9K | $5.4M | 0.4% | +640.6% |
| CMTL COMTECH TELECOMMUNICATIONS | Technology | 1.7M | $5.3M | 0.4% | +21.7% |
| SNPS SYNOPSYS INC | Technology | 7.6K | $3.0M | 0.2% | +28.4% |
| MINE MAYFAIR GOLD CORP | Materials | 910.0K | $2.7M | 0.2% | New |
| DASH DOORDASH INC - A | Services media | 16.1K | $2.4M | 0.2% | +64.6% |
| IOVA IOVANCE BIOTHERAPEUTICS INC | Healthcare | 678.6K | $2.4M | 0.2% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 7.5K | $1.5M | 0.1% | +56.2% |
| GOOGL ALPHABET INC-CL A | Technology | 5.0K | $1.4M | 0.1% | +28.3% |
| BHVN BIOHAVEN LTD | Healthcare | 170.0K | $1.4M | 0.1% | Held |
| GTN GRAY MEDIA INC | Communications | 291.5K | $1.3M | 0.1% | Held |
| CDNS CADENCE DESIGN SYS INC | Technology | 4.3K | $1.2M | 0.1% | New |
| CVNA CARVANA CO | Consumer discretionary | 3.7K | $1.2M | 0.1% | -87.8% |
| AMAT APPLIED MATERIALS INC | Technology | 3.3K | $1.1M | 0.1% | New |
| KKR KKR & CO INC | Financials | 11.2K | $1.0M | 0.1% | New |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 4.6K | $1.0M | 0.1% | +31.3% |
| BX BLACKSTONE INC | Financials | 9.0K | $1.0M | 0.1% | New |
| PANW PALO ALTO NETWORKS INC | Technology | 6.4K | $1.0M | 0.1% | +312.6% |
| ARES ARES MANAGEMENT CORP - A | Financials | 9.2K | $1.0M | 0.1% | New |
| SNDK SANDISK CORP | Technology | 1.4K | $864K | 0.1% | New |
| MDB MONGODB INC | Technology | 3.1K | $769K | 0.1% | -2.0% |
| ABNB AIRBNB INC-CLASS A | Services media | 5.5K | $699K | 0.1% | +7.3% |
| SHOP SHOPIFY INC - CLASS A | Technology | 5.6K | $669K | 0.1% | +35.4% |
| NFLX NETFLIX INC | Services media | 5.9K | $569K | 0.0% | Held |
| GLW CORNING INC | Industrials | 4.2K | $566K | 0.0% | New |
| SNOW SNOWFLAKE INC | Technology | 3.3K | $496K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 76 | $1.37B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 56 | $1.17B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 54 | $1.42B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 46 | $1.12B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 40 | $1.09B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 35 | $1.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 35 | $1.16B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 34 | $1.06B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 36 | $1.18B | canonical | SEC ↗ |