SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Cipher Capital LP

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

Reported Value
$309M
Q4 2023
Positions
483
Filings on Record
18
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Cipher Capital LP reported $309M in U.S.-listed holdings across 483 positions for Q4 2023.

Its largest position, MET, represents 1.8% of the portfolio.

Compared with Q3 2023, the fund opened 226 new positions and exited 34.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+10.6%
share of reported value
Largest Position
+1.8%
Metlife
New / Exited
226 / 34
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: 92.4%REIT: 6.6%Other: 0.9%
  • Common Stock · 92.4% · $285M
  • REIT · 6.6% · $21M
  • Other · 0.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMTLOCKHEED MARTIN CORPNEW+6.4K6.4K+$3M$3M
BABOEING CONEW+7.8K7.8K+$2M$2M
HUMHUMANA INCNEW+3.7K3.7K+$2M$2M
GLGLOBE LIFE INCNEW+13.0K13.0K+$2M$2M
EVRGEVERGY INCNEW+28.3K28.3K+$1M$1M
ALLALLSTATE CORPNEW+10.4K10.4K+$1M$1M
SYYSYSCO CORPNEW+19.3K19.3K+$1M$1M
TROWPRICE T ROWE GROUP INCNEW+12.9K12.9K+$1M$1M

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

Holdings — Q4 2023

483 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1METMETLIFE INChistory →COM1.79%$6M83.6K
2PRUPRUDENTIAL FINL INChistory →COM1.17%$4M34.9K
3ABBVABBVIE INChistory →COM1.15%$4M22.8K
4SRESEMPRAhistory →COM1.10%$3M45.6K
5OKEONEOK INC NEWCOM0.95%$3M41.8K
6LMTLOCKHEED MARTIN CORPCOM0.94%$3M6.4K
7BKNGBOOKING HOLDINGS INCCOM0.92%$3M798
8UPSUNITED PARCEL SERVICE INCCL B0.87%$3M17.0K
9SEICSEI INVTS COCOM0.85%$3M41.3K
10NVDANVIDIA CORPORATIONCOM0.85%$3M5.3K
11LLYELI LILLY & COCOM0.79%$2M4.2K
12ETRENTERGY CORP NEWCOM0.79%$2M24.0K
13NDAQNASDAQ INCCOM0.75%$2M40.0K
14TXRHTEXAS ROADHOUSE INCCOM0.74%$2M18.7K
15PFGPRINCIPAL FINANCIAL GROUP INCOM0.68%$2M26.7K
16AMGNAMGEN INCCOM0.68%$2M7.3K
17NFLXNETFLIX INCCOM0.67%$2M4.3K
18BABOEING COCOM0.66%$2M7.8K
19ELVELEVANCE HEALTH INCCOM0.64%$2M4.2K
20AMZNAMAZON COM INCCOM0.61%$2M12.5K
21JEFJEFFERIES FINL GROUP INCCOM0.60%$2M45.8K
22NNNNNN REIT INCCOM0.60%$2M42.8K
23HSYHERSHEY COCOM0.59%$2M9.8K
24PPGPPG INDS INCCOM0.57%$2M11.8K
25TEAMATLASSIAN CORPORATIONCL A0.57%$2M7.4K
26HUMHUMANA INCCOM0.54%$2M3.7K
27VTRVENTAS INCCOM0.54%$2M33.5K
28DVNDEVON ENERGY CORP NEWCOM0.54%$2M36.9K
29UNMUNUM GROUPCOM0.54%$2M36.7K
30MASMASCO CORPCOM0.53%$2M24.6K
31HDHOME DEPOT INCCOM0.53%$2M4.8K
32XYLXYLEM INCCOM0.53%$2M14.4K
33FHIFEDERATED HERMES INCCL B0.52%$2M47.4K
34MARATHON OIL CORPCOM0.52%$2M65.9K
35GLGLOBE LIFE INCCOM0.51%$2M13.0K
36NOCNORTHROP GRUMMAN CORPCOM0.51%$2M3.3K
37ULTAULTA BEAUTY INCCOM0.50%$2M3.1K
38WYNNWYNN RESORTS LTDCOM0.49%$2M16.7K
39TRGPTARGA RES CORPCOM0.49%$2M17.5K
40HCAHCA HEALTHCARE INCCOM0.49%$2M5.6K
41EVRGEVERGY INCCOM0.48%$1M28.3K
42PGRPROGRESSIVE CORPCOM0.47%$1M9.2K
43ALLALLSTATE CORPCOM0.47%$1M10.4K
44FSLRFIRST SOLAR INCCOM0.47%$1M8.4K
45AAPLAPPLE INCCOM0.47%$1M7.5K
46TRVTRAVELERS COMPANIES INCCOM0.47%$1M7.6K
47ACADACADIA PHARMACEUTICALS INCCOM0.46%$1M45.4K
48LENLENNAR CORPCL A0.46%$1M9.5K
49SYYSYSCO CORPCOM0.46%$1M19.3K
50PNCPNC FINL SVCS GROUP INCCOM0.46%$1M9.1K
51TROWPRICE T ROWE GROUP INCCOM0.45%$1M12.9K
52NBIXNEUROCRINE BIOSCIENCES INCCOM0.44%$1M10.2K
53CDNSCADENCE DESIGN SYSTEM INCCOM0.43%$1M4.9K
54AIGAMERICAN INTL GROUP INCCOM NEW0.43%$1M19.5K
55MURMURPHY OIL CORPCOM0.43%$1M30.8K
56BLACKROCK INCCOM0.42%$1M1.6K
57DKNGDRAFTKINGS INC NEWCOM CL A0.42%$1M36.7K
58XELXCEL ENERGY INCCOM0.42%$1M20.9K
59CINFCINCINNATI FINL CORPCOM0.41%$1M12.3K
60KLACKLA CORPCOM NEW0.40%$1M2.1K
61ODFLOLD DOMINION FREIGHT LINE INCOM0.40%$1M3.0K
62KMBKIMBERLY-CLARK CORPCOM0.40%$1M10.1K
63ENBENBRIDGE INCCOM0.39%$1M33.6K
64LPLALPL FINL HLDGS INCCOM0.39%$1M5.3K
65LHXL3HARRIS TECHNOLOGIES INCCOM0.39%$1M5.7K
66ADBEADOBE INCCOM0.39%$1M2.0K
67OSCROSCAR HEALTH INCCL A0.38%$1M129.2K
68CNPCENTERPOINT ENERGY INCCOM0.37%$1M40.4K
69SHWSHERWIN WILLIAMS COCOM0.37%$1M3.7K
70NEENEXTERA ENERGY INCCOM0.37%$1M18.6K
71GSGOLDMAN SACHS GROUP INCCOM0.37%$1M2.9K
72RPMRPM INTL INCCOM0.37%$1M10.1K
73PODDINSULET CORPCOM0.35%$1M5.0K
74MSMORGAN STANLEYCOM NEW0.35%$1M11.5K
75HLTHILTON WORLDWIDE HLDGS INCCOM0.35%$1M5.9K
76RYROYAL BK CDACOM0.35%$1M10.5K
77XYZBLOCK INCCL A0.34%$1M13.6K
78MKTXMARKETAXESS HLDGS INCCOM0.34%$1M3.5K
79PAYXPAYCHEX INCCOM0.33%$1M8.6K
80FCXFREEPORT-MCMORAN INCCL B0.33%$1M23.7K
81KMIKINDER MORGAN INC DELCOM0.33%$1M57.0K
82BMYBRISTOL-MYERS SQUIBB COCOM0.32%$990,84719.3K
83ELFE L F BEAUTY INCCOM0.32%$988,0076.8K
84BRXBRIXMOR PPTY GROUP INCCOM0.32%$973,52441.8K
85FERGUSON PLC NEWSHS0.31%$961,8755.0K
86IDXXIDEXX LABS INCCOM0.31%$951,9111.7K
87FNFFIDELITY NATIONAL FINANCIAL FNF GROUPCOM0.31%$950,55418.6K
88MTDMETTLER TOLEDO INTERNATIONALCOM0.31%$944,896779
89KOCOCA COLA COCOM0.31%$943,41016.0K
90KELKELLANOVACOM0.30%$935,93316.7K
91KIMKIMCO RLTY CORPCOM0.30%$928,90343.6K
92MSCIMSCI INCCOM0.30%$928,7971.6K
93CFGCITIZENS FINL GROUP INCCOM0.30%$925,99827.9K
94WFRDWEATHERFORD INTL PLCORD SHS0.30%$923,4179.4K
95SRPTSAREPTA THERAPEUTICS INCCOM0.30%$913,3859.5K
96DOCHEALTHPEAK PROPERTIES INCCOM0.29%$904,20745.7K
97HESMHESS MIDSTREAM LPCL A SHS0.29%$903,82728.6K
98FICOFAIR ISAAC CORPCOM0.29%$903,272776
99NKENIKE INCCL B0.29%$900,2628.3K
100UEURBAN EDGE PPTYSCOM0.29%$895,38248.9K

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 ↗.