SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Cipher Capital LP

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

Reported Value
$530M
Q4 2022
Positions
465
Filings on Record
18
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Cipher Capital LP reported $530M in U.S.-listed holdings across 465 positions for Q4 2022.

Its largest position, BDX, represents 1.3% of the portfolio.

Compared with Q3 2022, the fund opened 274 new positions and exited 224.

Portfolio Metrics

Turnover
+63.6%
vs prior filed quarter
Top-10 Concentration
+11.0%
share of reported value
Largest Position
+1.3%
Becton Dickinson
New / Exited
274 / 224
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: 89.9%REIT: 8.3%Other: 1.7%Tracking Stk: 0.1%
  • Common Stock · 89.9% · $476M
  • REIT · 8.3% · $44M
  • Other · 1.7% · $9M
  • Tracking Stk · 0.1% · $679,579

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BDXBECTON DICKINSON & CONEW+28.0K28.0K+$7M$7M
PGPROCTER AND GAMBLE CONEW+45.6K45.6K+$7M$7M
CCICROWN CASTLE INCNEW+47.3K47.3K+$6M$6M
VZVERIZON COMMUNICATIONS INCNEW+132.5K132.5K+$5M$5M
CMSCMS ENERGY CORPNEW+75.9K75.9K+$5M$5M
CAGCONAGRA BRANDS INCNEW+117.5K117.5K+$5M$5M
GDGENERAL DYNAMICS CORPNEW+18.3K18.3K+$5M$5M
COSTCOSTCO WHSL CORP NEWNEW+9.6K9.6K+$4M$4M

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

Holdings — Q4 2022

465 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BDXBECTON DICKINSON & COhistory →COM1.34%$7M28.0K
2PGPROCTER AND GAMBLE COhistory →COM1.30%$7M45.6K
3BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.30%$7M22.3K
4CCICROWN CASTLE INChistory →COM1.21%$6M47.3K
5CCITIGROUP INChistory →COM NEW1.10%$6M128.6K
6TFCTRUIST FINL CORPCOM0.99%$5M121.4K
7VZVERIZON COMMUNICATIONS INCCOM0.99%$5M132.5K
8PNWPINNACLE WEST CAP CORPCOM0.96%$5M67.0K
9CMSCMS ENERGY CORPCOM0.91%$5M75.9K
10CAGCONAGRA BRANDS INCCOM0.86%$5M117.5K
11GDGENERAL DYNAMICS CORPCOM0.86%$5M18.3K
12CVSCVS HEALTH CORPCOM0.85%$5M48.5K
13PLDPROLOGIS INC.COM0.83%$4M39.2K
14COSTCOSTCO WHSL CORP NEWCOM0.83%$4M9.6K
15ZTSZOETIS INCCL A0.76%$4M27.5K
16IRINGERSOLL RAND INCCOM0.76%$4M76.9K
17ABNBAIRBNB INCCOM CL A0.76%$4M47.0K
18AMZNAMAZON COM INCCOM0.73%$4M45.8K
19DISDISNEY WALT COCOM0.72%$4M44.1K
20WFCWELLS FARGO CO NEWCOM0.72%$4M92.4K
21SOSOUTHERN COCOM0.71%$4M52.8K
22HSYHERSHEY COCOM0.71%$4M16.2K
23PCARPACCAR INCCOM0.70%$4M37.7K
24ADIANALOG DEVICES INCCOM0.70%$4M22.6K
25SJMSMUCKER J M COCOM NEW0.68%$4M22.9K
26CRMSALESFORCE INCCOM0.67%$4M26.6K
27DOCHEALTHPEAK PROPERTIES INCCOM0.62%$3M130.8K
28AXPAMERICAN EXPRESS COCOM0.61%$3M22.0K
29WMTWALMART INCCOM0.61%$3M22.7K
30PNCPNC FINL SVCS GROUP INCCOM0.60%$3M20.2K
31REGREGENCY CTRS CORPCOM0.59%$3M50.2K
32AVGOBROADCOM INCCOM0.58%$3M5.5K
33YUMYUM BRANDS INCCOM0.58%$3M23.9K
34BNBROOKFIELD CORPCL A LTD VT SH0.58%$3M97.0K
35AAPLAPPLE INCCOM0.57%$3M23.3K
36CMECME GROUP INCCOM0.57%$3M17.8K
37PCTYPAYLOCITY HLDG CORPCOM0.56%$3M15.2K
38TOLTOLL BROTHERS INCCOM0.55%$3M58.5K
39TWTRADEWEB MKTS INCCL A0.54%$3M44.2K
40COLDAMERICOLD REALTY TRUST INCCOM0.54%$3M101.1K
41WSCWILLSCOT MOBIL MINI HLDNG COCOM CL A0.54%$3M63.3K
42MCDMCDONALDS CORPCOM0.54%$3M10.8K
43DTEDTE ENERGY COCOM0.54%$3M24.3K
44DOVDOVER CORPCOM0.53%$3M20.6K
45ESEVERSOURCE ENERGYCOM0.52%$3M33.0K
46NVDANVIDIA CORPORATIONCOM0.52%$3M19.0K
47PSXPHILLIPS 66COM0.50%$3M25.6K
48MAAMID-AMER APT CMNTYS INCCOM0.50%$3M16.8K
49BACBANK AMERICA CORPCOM0.50%$3M79.3K
50HIGHARTFORD FINL SVCS GROUP INCCOM0.47%$2M32.9K
51SBACSBA COMMUNICATIONS CORP NEWCL A0.47%$2M8.8K
52AMDADVANCED MICRO DEVICES INCCOM0.46%$2M37.7K
53TJXTJX COS INC NEWCOM0.46%$2M30.5K
54CCLCARNIVAL CORPCOMMON STOCK0.45%$2M298.1K
55IARTINTEGRA LIFESCIENCES HLDGS CCOM NEW0.44%$2M41.9K
56UNPUNION PAC CORPCOM0.44%$2M11.3K
57BNYBANK NEW YORK MELLON CORPCOM0.44%$2M50.9K
58CNQCANADIAN NAT RES LTDCOM0.44%$2M41.6K
59KOCOCA COLA COCOM0.43%$2M36.2K
60GOOGLALPHABET INC CAP STKCL A0.43%$2M25.8K
61SNOWSNOWFLAKE INCCL A0.43%$2M15.8K
62DEDEERE & COCOM0.42%$2M5.2K
63UALUNITED AIRLS HLDGS INCCOM0.42%$2M59.2K
64CRWDCROWDSTRIKE HLDGS INCCL A0.42%$2M21.0K
65TRGPTARGA RES CORPCOM0.41%$2M29.6K
66LNTALLIANT ENERGY CORPCOM0.41%$2M39.2K
67LIFE STORAGE INCCOM0.41%$2M21.8K
68WMWASTE MGMT INC DELCOM0.40%$2M13.4K
69DDOGDATADOG INCCL A COM0.40%$2M28.6K
70APARTMENT INCOME REIT CORPCOM0.39%$2M59.6K
71ARISTA NETWORKS INCCOM0.38%$2M16.8K
72NEMNEWMONT CORPCOM0.38%$2M43.0K
73BBYBEST BUY INCCOM0.38%$2M25.0K
74PYPLPAYPAL HLDGS INCCOM0.38%$2M28.1K
75JNPJUNIPER NETWORKS INCCOM0.37%$2M62.0K
76ALLALLSTATE CORPCOM0.37%$2M14.3K
77VOYAVOYA FINANCIAL INCCOM0.36%$2M31.4K
78PHMPULTE GROUP INCCOM0.36%$2M42.3K
79HOLOGIC INCCOM0.36%$2M25.5K
80LUVSOUTHWEST AIRLS COCOM0.36%$2M56.6K
81CCEPCOCA-COLA EUROPACIFIC PARTNESHS0.36%$2M34.4K
82CDWCDW CORPCOM0.36%$2M10.6K
83NVTNVENT ELECTRIC PLCSHS0.36%$2M49.1K
84ONBOLD NATL BANCORP INDCOM0.36%$2M104.7K
85ICEINTERCONTINENTAL EXCHANGE INCOM0.35%$2M18.3K
86ROSTROSS STORES INCCOM0.35%$2M16.0K
87CLXCLOROX CO DELCOM0.35%$2M13.2K
88FLEX LTDORD0.35%$2M86.3K
89EQREQUITY RESIDENTIALSH BEN INT0.34%$2M30.9K
90DVNDEVON ENERGY CORP NEWCOM0.34%$2M29.4K
91BWABORGWARNER INCCOM0.34%$2M44.9K
92PDPAGERDUTY INCCOM0.34%$2M66.9K
93EQTEQT CORPCOM0.33%$2M52.5K
94AMATAPPLIED MATLS INCCOM0.33%$2M18.2K
95CIENCIENA CORPCOM NEW0.33%$2M34.4K
96ABXBARRICK GOLD CORPCOM0.33%$2M101.1K
97KKRKKR & CO INCCOM0.33%$2M37.2K
98PNRPENTAIR PLCSHS0.33%$2M38.4K
99AVTAVNET INCCOM0.33%$2M41.5K
100RITCHIE BROS AUCTIONEERSCOM0.33%$2M29.8K

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 ↗

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 ↗.