SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Cipher Capital LP

CIK 0001542420 · 400 MADISON AVENUE, SUITE 12A, NEW YORK, NY, 10017 · 646-416-6009

Reported Value
$830M
Q4 2020
Positions
450
Filings on Record
18
2019–present window
Filed
Feb 12, 2021
original filing

Summary

Cipher Capital LP reported $830M in U.S.-listed holdings across 450 positions for Q4 2020.

Its largest position, AAPL, represents 1.2% of the portfolio.

Compared with Q3 2020, the fund opened 245 new positions and exited 248.

Portfolio Metrics

Turnover
+66.9%
vs prior filed quarter
Top-10 Concentration
+11.3%
share of reported value
Largest Position
+1.2%
Apple
New / Exited
245 / 248
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $1.3BQ1 ’19Q2 ’19: $1.2BQ3 ’19: $1.3BQ4 ’19: $1.4BQ4 ’19Q1 ’20: $276MQ2 ’20: $632MQ3 ’20: $760MQ3 ’20Q4 ’20: $830MQ1 ’21: $854MQ2 ’21: $181MQ2 ’21Q2 ’22: $442MQ3 ’22: $616MQ4 ’22: $530MQ4 ’22Q1 ’23: $542MQ2 ’23: $585MQ3 ’23: $141MQ3 ’23Q4 ’23: $309MQ1 ’24: $216Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.2%REIT: 6.5%Other: 2.2%Tracking Stk: 0.1%
  • Common Stock · 91.2% · $757M
  • REIT · 6.5% · $54M
  • Other · 2.2% · $18M
  • Tracking Stk · 0.1% · $638,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DHRDANAHER CORPORATIONNEW+44.4K44.4K+$10M$10M
CAGCONAGRA BRANDS INCNEW+264.0K264.0K+$10M$10M
SOSOUTHERN CONEW+153.1K153.1K+$9M$9M
MAMASTERCARD INCORPORATEDNEW+26.3K26.3K+$9M$9M
DEDEERE & CONEW+34.2K34.2K+$9M$9M
CHDCHURCH & DWIGHT INCNEW+105.1K105.1K+$9M$9M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+39.3K39.3K+$9M$9M
VZVERIZON COMMUNICATIONS INCNEW+151.8K151.8K+$9M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

450 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM1.19%$10M74.6K
2DHRDANAHER CORPORATIONhistory →COM1.19%$10M44.4K
3CAGCONAGRA BRANDS INChistory →COM1.15%$10M264.0K
4SOSOUTHERN COhistory →COM1.13%$9M153.1K
5MAMASTERCARD INCORPORATEDhistory →CL A1.13%$9M26.3K
6DEDEERE & COhistory →COM1.11%$9M34.2K
7CHDCHURCH & DWIGHT INChistory →COM1.11%$9M105.1K
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.10%$9M39.3K
9VZVERIZON COMMUNICATIONS INChistory →COM1.07%$9M151.8K
10PLDPROLOGIS INC.history →COM1.07%$9M89.0K
11HDHOME DEPOT INChistory →COM1.01%$8M31.6K
12MCDMCDONALDS CORPCOM0.99%$8M38.5K
13FISFIDELITY NATL INFORMATION SVCOM0.95%$8M55.9K
14ETNEATON CORP PLCSHS0.95%$8M65.6K
15CNCCENTENE CORP DELCOM0.94%$8M129.3K
16NEENEXTERA ENERGY INCCOM0.90%$7M96.3K
17AAGILENT TECHNOLOGIES INCCOM0.90%$7M62.7K
18DDOMINION ENERGY INCCOM0.89%$7M98.3K
19IRINGERSOLL RAND INCCOM0.88%$7M159.8K
20WMTWALMART INCCOM0.85%$7M48.9K
21MCKMCKESSON CORPCOM0.84%$7M40.0K
22AWKAMERICAN WTR WKS CO INC NEWCOM0.84%$7M45.4K
23MRKMERCK & CO. INCCOM0.83%$7M84.5K
24MSFTMICROSOFT CORPCOM0.82%$7M30.5K
25FDXFEDEX CORPCOM0.79%$7M25.2K
26ISRGINTUITIVE SURGICAL INCCOM NEW0.79%$7M8.0K
27STZCONSTELLATION BRANDS INCCL A0.77%$6M29.2K
28BLACK KNIGHT INCCOM0.77%$6M72.2K
29ATOATMOS ENERGY CORPCOM0.74%$6M64.7K
30CVXCHEVRON CORP NEWCOM0.74%$6M73.0K
31NVDANVIDIA CORPORATIONCOM0.74%$6M11.8K
32GMGENERAL MTRS COCOM0.74%$6M146.6K
33OSKOSHKOSH CORPCOM0.70%$6M68.0K
34BALLBALL CORPCOM0.70%$6M62.4K
35ALLALLSTATE CORPCOM0.70%$6M52.6K
36SWKSSKYWORKS SOLUTIONS INCCOM0.67%$6M36.5K
37EXMOCEXXON MOBIL CORPCOM0.67%$6M134.0K
38PFEPFIZER INCCOM0.62%$5M139.4K
39ARWARROW ELECTRS INCCOM0.62%$5M52.5K
40WRBBERKLEY W R CORPCOM0.61%$5M76.5K
41PFGPRINCIPAL FINANCIAL GROUP INCOM0.60%$5M100.3K
42UALUNITED AIRLS HLDGS INCCOM0.55%$5M105.8K
43ETRENTERGY CORP NEWCOM0.55%$5M45.6K
44FNVFRANCO NEV CORPCOM0.54%$4M35.4K
45GISGENERAL MLS INCCOM0.52%$4M73.6K
46LHXL3HARRIS TECHNOLOGIES INCCOM0.52%$4M22.7K
47QCOMQUALCOMM INCCOM0.51%$4M27.9K
48CFGCITIZENS FINL GROUP INCCOM0.51%$4M118.0K
49HRBBLOCK H & R INCCOM0.51%$4M265.9K
50PSAPUBLIC STORAGECOM0.51%$4M18.1K
51DOWDOW INCCOM0.48%$4M72.4K
52VEEVVEEVA SYS INCCL A COM0.48%$4M14.7K
53KMBKIMBERLY-CLARK CORPCOM0.47%$4M28.9K
54EXREXTRA SPACE STORAGE INCCOM0.47%$4M33.7K
55LITELUMENTUM HLDGS INCCOM0.46%$4M40.6K
56NIELSEN HLDGS PLCSHS EUR0.46%$4M184.2K
57BBYBEST BUY INCCOM0.46%$4M38.0K
58AAPADVANCE AUTO PARTS INCCOM0.46%$4M24.1K
59IFFINTERNATIONAL FLAVORS&FRAGRACOM0.45%$4M34.5K
60KEYKEYCORPCOM0.45%$4M228.8K
61OMCOMNICOM GROUP INCCOM0.45%$4M59.8K
62MGAMAGNA INTL INCCOM0.45%$4M52.1K
63DTDYNATRACE INCCOM NEW0.44%$4M85.1K
64SPGSIMON PPTY GROUP INC NEWCOM0.44%$4M42.6K
65RFREGIONS FINANCIAL CORP NEWCOM0.43%$4M222.0K
66WCNWASTE CONNECTIONS INCCOM0.43%$4M34.8K
67SEAGATE TECHNOLOGY PLCSHS0.43%$4M56.9K
68ALLEALLEGION PLCORD SHS0.42%$4M30.1K
69ECLECOLAB INCCOM0.42%$3M16.2K
70KSSKOHLS CORPCOM0.41%$3M84.0K
71MSCIMSCI INCCOM0.40%$3M7.5K
72RSGREPUBLIC SVCS INCCOM0.40%$3M34.3K
73VRTVERTIV HOLDINGS COCOM CL A0.39%$3M175.1K
74DISDISNEY WALT COCOM0.39%$3M18.0K
75CTSHCOGNIZANT TECHNOLOGY SOLUTIOCL A0.39%$3M39.6K
76VFCV F CORPCOM0.39%$3M37.6K
77QRVOQORVO INCCOM0.38%$3M19.1K
78BDXBECTON DICKINSON & COCOM0.38%$3M12.6K
79AAALCOA CORPCOM0.38%$3M136.7K
80SPLUNK INCCOM0.38%$3M18.5K
81DOCUDOCUSIGN INCCOM0.38%$3M14.0K
82CARRCARRIER GLOBAL CORPORATIONCOM0.37%$3M81.1K
83ANAPLAN INCCOM0.37%$3M42.2K
84ADBEADOBE SYSTEMS INCORPORATEDCOM0.36%$3M5.9K
85IRMIRON MTN INC NEWCOM0.35%$3M97.9K
86PMPHILIP MORRIS INTL INCCOM0.35%$3M34.8K
87UNPUNION PAC CORPCOM0.34%$3M13.7K
88LLOEWS CORPCOM0.34%$3M62.9K
89AMEAMETEK INCCOM0.34%$3M23.4K
90SNPSSYNOPSYS INCCOM0.34%$3M10.8K
91GPKGRAPHIC PACKAGING HLDG COCOM0.34%$3M164.5K
92ENTGENTEGRIS INCCOM0.32%$3M27.6K
93PNWPINNACLE WEST CAP CORPCOM0.32%$3M33.0K
94VVISA INCCOM CL A0.32%$3M12.0K
95GGENPACT LIMITEDSHS0.31%$3M63.1K
96REGREGENCY CTRS CORPCOM0.31%$3M57.2K
97NNNNATIONAL RETAIL PROPERTIES ICOM0.31%$3M63.6K
98HONHONEYWELL INTL INCCOM0.31%$3M12.2K
99JANUS HENDERSON GROUP PLCORD SHS0.31%$3M79.9K
100ITWILLINOIS TOOL WKS INCCOM0.31%$3M12.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2024$216M411May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$309M483Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$141M291Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$585M489Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$542M487May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$530M465Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$616M415Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$442M369Aug 12, 202213F-HRchanges · EDGAR ↗
Q2 2021$181M284Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$854M486May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$830M450Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$760M453Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$632M456Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$276M364May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.4B950Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.3B977Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.2B959Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.3B972May 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Paloma Partners Management Co028-05431

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.