SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Cipher Capital LP

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

Reported Value
$585M
Q2 2023
Positions
489
Filings on Record
18
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Cipher Capital LP reported $585M in U.S.-listed holdings across 489 positions for Q2 2023.

Its largest position, TOL, represents 1.1% of the portfolio.

Compared with Q1 2023, the fund opened 258 new positions and exited 256.

Portfolio Metrics

Turnover
+61.7%
vs prior filed quarter
Top-10 Concentration
+9.6%
share of reported value
Largest Position
+1.1%
Toll Brothers
New / Exited
258 / 256
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: 91.3%REIT: 7.2%Other: 1.2%Tracking Stk: 0.3%
  • Common Stock · 91.3% · $534M
  • REIT · 7.2% · $42M
  • Other · 1.2% · $7M
  • Tracking Stk · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FRFIRST INDL RLTY TR INCNEW+87.7K87.7K+$5M$5M
PPGPPG INDS INCNEW+26.5K26.5K+$4M$4M
CSGPCOSTAR GROUP INCNEW+43.4K43.4K+$4M$4M
ETNEATON CORP PLCNEW+19.0K19.0K+$4M$4M
HUMHUMANA INCNEW+8.5K8.5K+$4M$4M
SBACSBA COMMUNICATIONS CORP NEWNEW+16.3K16.3K+$4M$4M
GPCGENUINE PARTS CONEW+22.3K22.3K+$4M$4M
MSMORGAN STANLEYNEW+43.1K43.1K+$4M$4M

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

Holdings — Q2 2023

489 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TOLTOLL BROTHERS INChistory →COM1.07%$6M79.0K
2CLCOLGATE PALMOLIVE COhistory →COM1.03%$6M78.6K
3ETRENTERGY CORP NEWhistory →COM1.02%$6M61.4K
4KEYSKEYSIGHT TECHNOLOGIES INCCOM1.00%$6M34.9K
5JJACOBS SOLUTIONS INCCOM0.99%$6M48.6K
6NDAQNASDAQ INCCOM0.98%$6M114.8K
7HPQHP INCCOM0.95%$6M181.1K
8KOCOCA COLA COCOM0.86%$5M83.1K
9EVRGEVERGY INCCOM0.84%$5M84.3K
10GISGENERAL MLS INCCOM0.81%$5M62.2K
11DTEDTE ENERGY COCOM0.80%$5M42.3K
12FRFIRST INDL RLTY TR INCCOM0.79%$5M87.7K
13NVDANVIDIA CORPORATIONCOM0.75%$4M10.4K
14HSYHERSHEY COCOM0.74%$4M17.4K
15ZBHZIMMER BIOMET HOLDINGS INCCOM0.72%$4M28.8K
16ESEVERSOURCE ENERGYCOM0.69%$4M57.0K
17PPGPPG INDS INCCOM0.67%$4M26.5K
18CSGPCOSTAR GROUP INCCOM0.66%$4M43.4K
19FNFFIDELITY NATIONAL FINANCIAL FNF GROUPCOM0.66%$4M106.5K
20ETNEATON CORP PLCSHS0.65%$4M19.0K
21PBPROSPERITY BANCSHARES INCCOM0.65%$4M67.4K
22HUMHUMANA INCCOM0.65%$4M8.5K
23SBACSBA COMMUNICATIONS CORP NEWCL A0.65%$4M16.3K
24GPCGENUINE PARTS COCOM0.64%$4M22.3K
25CORAMERISOURCEBERGEN CORPCOM0.63%$4M19.3K
26MSMORGAN STANLEYCOM NEW0.63%$4M43.1K
27SPOTSPOTIFY TECHNOLOGY S ASHS0.61%$4M22.4K
28WECWEC ENERGY GROUP INCCOM0.59%$3M39.4K
29GPNGLOBAL PMTS INCCOM0.59%$3M35.0K
30ALLALLSTATE CORPCOM0.59%$3M31.5K
31BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.58%$3M10.0K
32RTXRAYTHEON TECHNOLOGIES CORPCOM0.58%$3M34.6K
33SNAPSNAP INCCL A0.57%$3M283.9K
34CBCHUBB LIMITEDCOM0.56%$3M17.1K
35UNMUNUM GROUPCOM0.56%$3M68.7K
36TSCOTRACTOR SUPPLY COCOM0.56%$3M14.8K
37OKEONEOK INC NEWCOM0.55%$3M52.6K
38SKYWSKYWEST INCCOM0.55%$3M78.7K
39TERTERADYNE INCCOM0.54%$3M28.5K
40CCITIGROUP INCCOM NEW0.53%$3M67.7K
41FERGUSON PLC NEWSHS0.52%$3M19.4K
42WRBBERKLEY W R CORPCOM0.52%$3M50.8K
43RMDRESMED INCCOM0.52%$3M13.8K
44WSCWILLSCOT MOBIL MINI HLDNG COCOM CL A0.50%$3M61.1K
45NNNNNN REIT INCCOM0.50%$3M68.0K
46CVSCVS HEALTH CORPCOM0.48%$3M40.6K
47AAALCOA CORPCOM0.48%$3M82.4K
48SUISUN CMNTYS INCCOM0.47%$3M21.3K
49BBYBEST BUY INCCOM0.47%$3M33.8K
50TGTTARGET CORPCOM0.47%$3M20.7K
51DOCHEALTHPEAK PROPERTIES INCCOM0.47%$3M135.8K
52VEEVVEEVA SYS INCCL A COM0.46%$3M13.7K
53BACBANK AMERICA CORPCOM0.46%$3M93.8K
54CVXCHEVRON CORP NEWCOM0.45%$3M16.9K
55AAPLAPPLE INCCOM0.44%$3M13.3K
56PNRPENTAIR PLCSHS0.44%$3M39.4K
57UNPUNION PAC CORPCOM0.43%$3M12.4K
58LEGLEGGETT & PLATT INCCOM0.43%$3M85.7K
59IRINGERSOLL RAND INCCOM0.43%$3M38.7K
60SKAASKECHERS U S A INCCL A0.43%$3M48.0K
61HESHESS CORPCOM0.43%$2M18.3K
62EMNEASTMAN CHEM COCOM0.42%$2M29.5K
63KMBKIMBERLY-CLARK CORPCOM0.42%$2M17.9K
64FDXFEDEX CORPCOM0.42%$2M9.9K
65LBRDKLIBERTY BROADBAND CORPCOM SER C0.42%$2M30.5K
66ITTITT INCCOM0.41%$2M26.0K
67SUMMIT MATLS INCCL A0.41%$2M63.8K
68VZVERIZON COMMUNICATIONS INCCOM0.41%$2M64.7K
69AVANGRID INCCOM0.40%$2M62.7K
70WTRGESSENTIAL UTILS INCCOM0.40%$2M59.1K
71SFSTIFEL FINL CORPCOM0.40%$2M39.3K
72UBERUBER TECHNOLOGIES INCCOM0.40%$2M54.2K
73VICIVICI PPTYS INCCOM0.40%$2M74.5K
74ELVELEVANCE HEALTH INCCOM0.40%$2M5.2K
75CBSHCOMMERCE BANCSHARES INCCOM0.40%$2M47.8K
76IFFINTERNATIONAL FLAVORS&FRAGRACOM0.39%$2M29.0K
77TRVTRAVELERS COMPANIES INCCOM0.39%$2M13.0K
78SNPSSYNOPSYS INCCOM0.38%$2M5.1K
79GDGENERAL DYNAMICS CORPCOM0.38%$2M10.2K
80PCORPROCORE TECHNOLOGIES INCCOM0.37%$2M33.5K
81SBUXSTARBUCKS CORPCOM0.37%$2M21.7K
82CCICROWN CASTLE INCCOM0.37%$2M18.8K
83SNDRSCHNEIDER NATIONAL INCCL B0.36%$2M73.4K
84NENOBLE CORP PLC ORDSHS A0.36%$2M50.5K
85TRNOTERRENO RLTY CORPCOM0.35%$2M34.5K
86BYDBOYD GAMING CORPCOM0.35%$2M29.7K
87CRMSALESFORCE INCCOM0.35%$2M9.7K
88CIVICIVITAS RESOURCES INCCOM NEW0.35%$2M29.2K
89TMOTHERMO FISHER SCIENTIFIC INCCOM0.34%$2M3.8K
90VNTVONTIER CORPORATIONCOM0.34%$2M62.1K
91MARATHON OIL CORPCOM0.34%$2M86.4K
92GFLGFL ENVIRONMENTAL INC SUB VTGSHS0.34%$2M51.2K
93IARTINTEGRA LIFESCIENCES HLDGS CCOM NEW0.34%$2M48.0K
94TMHCTAYLOR MORRISON HOME CORPCOM0.33%$2M40.1K
95PLDPROLOGIS INC.COM0.33%$2M15.9K
96PGRPROGRESSIVE CORPCOM0.33%$2M14.7K
97LENLENNAR CORPCL A0.33%$2M15.5K
98GSGOLDMAN SACHS GROUP INCCOM0.33%$2M6.0K
99ACGLARCH CAP GROUP LTDORD0.33%$2M25.8K
100CZRCAESARS ENTERTAINMENT INC NECOM0.32%$2M37.2K

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 ↗.