SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Cipher Capital LP

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

Reported Value
$542M
Q1 2023
Positions
487
Filings on Record
18
2019–present window
Filed
May 15, 2023
original filing

Summary

Cipher Capital LP reported $542M in U.S.-listed holdings across 487 positions for Q1 2023.

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

Compared with Q4 2022, the fund opened 253 new positions and exited 231.

Portfolio Metrics

Turnover
+60.4%
vs prior filed quarter
Top-10 Concentration
+9.9%
share of reported value
Largest Position
+1.2%
Walmart
New / Exited
253 / 231
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: 91.9%REIT: 6.9%Other: 1.2%
  • Common Stock · 91.9% · $497M
  • REIT · 6.9% · $38M
  • Other · 1.2% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HLTHILTON WORLDWIDE HLDGS INCNEW+35.8K35.8K+$5M$5M
SNPSSYNOPSYS INCNEW+12.0K12.0K+$5M$5M
UNMUNUM GROUPNEW+110.3K110.3K+$4M$4M
PAYXPAYCHEX INCNEW+36.9K36.9K+$4M$4M
LWLAMB WESTON HLDGS INCNEW+38.4K38.4K+$4M$4M
LOWLOWES COS INCNEW+18.3K18.3K+$4M$4M
LLOEWS CORPNEW+62.9K62.9K+$4M$4M
GSGOLDMAN SACHS GROUP INCNEW+10.9K10.9K+$4M$4M

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

Holdings — Q1 2023

487 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMTWALMART INChistory →COM1.20%$7M44.3K
2BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.13%$6M19.9K
3HSYHERSHEY COhistory →COM1.03%$6M22.0K
4IRINGERSOLL RAND INChistory →COM1.01%$5M93.7K
5HIGHARTFORD FINL SVCS GROUP INCCOM0.99%$5M76.9K
6MMM3M COCOM0.99%$5M50.9K
7HLTHILTON WORLDWIDE HLDGS INCCOM0.93%$5M35.8K
8ESEVERSOURCE ENERGYCOM0.88%$5M61.2K
9SNPSSYNOPSYS INCCOM0.86%$5M12.0K
10GDGENERAL DYNAMICS CORPCOM0.84%$5M20.0K
11UNMUNUM GROUPCOM0.81%$4M110.3K
12PAYXPAYCHEX INCCOM0.78%$4M36.9K
13LWLAMB WESTON HLDGS INCCOM0.74%$4M38.4K
14CMSCMS ENERGY CORPCOM0.74%$4M64.9K
15DTEDTE ENERGY COCOM0.73%$4M36.3K
16AMZNAMAZON COM INCCOM0.70%$4M37.0K
17LOWLOWES COS INCCOM0.68%$4M18.3K
18LLOEWS CORPCOM0.67%$4M62.9K
19GSGOLDMAN SACHS GROUP INCCOM0.66%$4M10.9K
20MCKMCKESSON CORPCOM0.65%$4M9.9K
21ITTITT INCCOM0.63%$3M39.6K
22HONHONEYWELL INTL INCCOM0.62%$3M17.7K
23LNTALLIANT ENERGY CORPCOM0.60%$3M61.3K
24ECLECOLAB INCCOM0.59%$3M19.3K
25HPQHP INCCOM0.59%$3M108.4K
26SPGIS&P GLOBAL INCCOM0.58%$3M9.2K
27PFEPFIZER INCCOM0.58%$3M76.8K
28WFCWELLS FARGO CO NEWCOM0.56%$3M81.4K
29FANGDIAMONDBACK ENERGY INCCOM0.55%$3M22.1K
30UNPUNION PAC CORPCOM0.55%$3M14.8K
31PIONEER NAT RES COCOM0.54%$3M14.2K
32ARWARROW ELECTRS INCCOM0.53%$3M23.1K
33ULTAULTA BEAUTY INCCOM0.52%$3M5.2K
34PSAPUBLIC STORAGECOM0.52%$3M9.3K
35PNCPNC FINL SVCS GROUP INCCOM0.51%$3M21.8K
36CSCOCISCO SYS INCCOM0.50%$3M51.8K
37WRBBERKLEY W R CORPCOM0.50%$3M43.2K
38DALDELTA AIR LINES INC DELCOM NEW0.49%$3M75.7K
39PMPHILIP MORRIS INTL INCCOM0.48%$3M26.9K
40KEYSKEYSIGHT TECHNOLOGIES INCCOM0.48%$3M16.1K
41CCICROWN CASTLE INCCOM0.48%$3M19.4K
42CAGCONAGRA BRANDS INCCOM0.48%$3M69.2K
43TOLTOLL BROTHERS INCCOM0.48%$3M43.2K
44MKCMCCORMICK & CO INCCOM NON VTG0.48%$3M30.9K
45REGREGENCY CTRS CORPCOM0.47%$3M42.0K
46COLDAMERICOLD REALTY TRUST INCCOM0.47%$3M89.0K
47EVRGEVERGY INCCOM0.47%$3M41.4K
48CMICUMMINS INCCOM0.47%$3M10.6K
49AXPAMERICAN EXPRESS COCOM0.46%$2M15.0K
50JCIJOHNSON CTLS INTL PLCSHS0.45%$2M40.8K
51PNRPENTAIR PLCSHS0.45%$2M44.3K
52CVSCVS HEALTH CORPCOM0.45%$2M32.6K
53PBPROSPERITY BANCSHARES INCCOM0.44%$2M39.0K
54PLDPROLOGIS INC.COM0.44%$2M19.2K
55FDXFEDEX CORPCOM0.43%$2M10.3K
56PRUPRUDENTIAL FINL INCCOM0.43%$2M28.5K
57PBAPEMBINA PIPELINE CORPCOM0.43%$2M72.3K
58BLACKROCK INCCOM0.43%$2M3.5K
59MCDMCDONALDS CORPCOM0.43%$2M8.3K
60ROPROPER TECHNOLOGIES INCCOM0.42%$2M5.2K
61DTMDT MIDSTREAM INCCOMMON STOCK0.40%$2M44.4K
62PPLPPL CORPCOM0.40%$2M78.6K
63TECHBIO-TECHNE CORPCOM0.40%$2M29.3K
64ZBHZIMMER BIOMET HOLDINGS INCCOM0.40%$2M16.8K
65CLCOLGATE PALMOLIVE COCOM0.40%$2M28.7K
66WBAWALGREENS BOOTS ALLIANCE INCCOM0.39%$2M61.7K
67NVTNVENT ELECTRIC PLCSHS0.39%$2M49.7K
68PGPROCTER AND GAMBLE COCOM0.39%$2M14.1K
69DISDISNEY WALT COCOM0.39%$2M20.9K
70LYBLYONDELLBASELL INDUSTRIES NSHS - A -0.39%$2M22.2K
71ALGMALLEGRO MICROSYSTEMS INCCOM0.38%$2M42.4K
72CCEPCOCA-COLA EUROPACIFIC PARTNESHS0.37%$2M34.0K
73URIUNITED RENTALS INCCOM0.37%$2M5.1K
74ALSNALLISON TRANSMISSION HLDGS ICOM0.37%$2M43.8K
75PVHPVH CORPORATIONCOM0.37%$2M22.2K
76OMCOMNICOM GROUP INCCOM0.37%$2M21.0K
77NEW YORK CMNTY BANCORP INCCOM0.36%$2M216.3K
78WHRWHIRLPOOL CORPCOM0.36%$2M14.8K
79CFGCITIZENS FINL GROUP INCCOM0.35%$2M63.1K
80VRSKVERISK ANALYTICS INCCOM0.35%$2M10.0K
81DEDEERE & COCOM0.35%$2M4.6K
82DOXAMDOCS LTDSHS0.35%$2M19.8K
83AOSSMITH A O CORPCOM0.35%$2M27.2K
84PCTYPAYLOCITY HLDG CORPCOM0.34%$2M9.4K
85HASHASBRO INCCOM0.34%$2M34.8K
86KDPKEURIG DR PEPPER INCCOM0.34%$2M52.9K
87SOSOUTHERN COCOM0.34%$2M26.8K
88MASMASCO CORPCOM0.34%$2M37.1K
89DUKDUKE ENERGY CORP NEWCOM NEW0.34%$2M19.1K
90AREALEXANDRIA REAL ESTATE EQ INCOM0.34%$2M14.5K
91OZKBANK OZK LITTLE ROCK ARKCOM0.33%$2M52.4K
92BKRBAKER HUGHES COMPANYCL A0.33%$2M62.1K
93AVANGRID INCCOM0.33%$2M44.9K
94MAMASTERCARD INCORPORATEDCL A0.33%$2M4.9K
95TJXTJX COS INC NEWCOM0.32%$2M22.4K
96PINNACLE FINL PARTNERS INCCOM0.32%$2M31.6K
97MARMARRIOTT INTL INC NEWCL A0.32%$2M10.5K
98NYTNEW YORK TIMES COCL A0.32%$2M43.9K
99BWXTBWX TECHNOLOGIES INCCOM0.31%$2M26.9K
100ATIATI INCCOM0.31%$2M42.8K

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 ↗.