SEC 13F Intelligence

Managers / Q1 2023 · view latest →

CLOVERFIELDS CAPITAL GROUP, LP

CIK 0001819581 · 21 THIRD STREET NORTH, SUITE 400, MINNEAPOLIS, MN, 55401 · (952) 208-8621

Reported Value
$301M
Q1 2023
Positions
76
Filings on Record
24
2019–present window
Filed
May 12, 2023
original filing

Summary

Cloverfields Capital Group, LP reported $301M in U.S.-listed holdings across 76 positions for Q1 2023.

The portfolio is heavily concentrated: UNH alone accounts for 58.5% of reported value.

Compared with Q4 2022, the fund opened 11 new positions and exited 10.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+58.5%
Unitedhealth
New / Exited
11 / 10
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
Q4 ’20: $266MQ4 ’20Q1 ’21: $309MQ2 ’21: $345MQ3 ’21: $311MQ3 ’21Q4 ’21: $321MQ1 ’22: $321MQ2 ’22: $328MQ2 ’22Q3 ’22: $295MQ4 ’22: $314MQ1 ’23: $301MQ1 ’23Q2 ’23: $310MQ3 ’23: $222MQ4 ’23: $255MQ4 ’23Q1 ’24: $297MQ2 ’24: $296MQ3 ’24: $309MQ3 ’24Q4 ’24: $311MQ1 ’25: $303MQ2 ’25: $337MQ2 ’25Q3 ’25: $319MQ4 ’25: $323MQ1 ’26: $309MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 94.7%ADR: 2.9%Other: 2.2%ETP: 0.1%
  • Common Stock · 94.7% · $285M
  • ADR · 2.9% · $9M
  • Other · 2.2% · $7M
  • ETP · 0.1% · $322,803

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADPAUTOMATIC DATA PROCESSING INNEW+17.6K17.6K+$4M$4M
NKENIKE INCNEW+23.6K23.6K+$3M$3M
INTUINTUITNEW+3.5K3.5K+$2M$2M
NVDANVIDIA CORPORATIONNEW+5.0K5.0K+$1M$1M
SESEA LTDNEW+7.0K7.0K+$602,215$602,215
RIORIO TINTO PLCNEW+8.2K8.2K+$559,674$559,674
GLNGGOLAR LNG LTDNEW+19.5K19.5K+$421,070$421,070
IBNICICI BANK LIMITEDNEW+15.4K15.4K+$332,267$332,267

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

Holdings — Q1 2023

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UNHUNITEDHEALTH GROUP INChistory →COM58.52%$176M372.3K
2GOOGALPHABET INChistory →CAP STK CL C1.60%$5M46.2K
3MSFTMICROSOFT CORPhistory →COM1.38%$4M14.4K
4CANADIAN PAC RY LTDCOM1.38%$4M53.9K
5AMZNAMAZON COM INChistory →COM1.32%$4M38.4K
6ADPAUTOMATIC DATA PROCESSING INhistory →COM1.30%$4M17.6K
7SBUXSTARBUCKS CORPhistory →COM1.30%$4M37.5K
8PMPHILIP MORRIS INTL INChistory →COM1.29%$4M39.8K
9EXMOCEXXON MOBIL CORPhistory →COM1.26%$4M34.5K
10SLBSCHLUMBERGER LTDhistory →COM STK1.21%$4M74.1K
11FISVFISERV INChistory →COM1.21%$4M32.1K
12UNPUNION PAC CORPhistory →COM1.17%$4M17.5K
13METAMETA PLATFORMS INChistory →CL A1.04%$3M14.8K
14MAMASTERCARD INCORPORATEDhistory →CL A1.03%$3M8.5K
15MASIMO CORPCOM1.00%$3M16.4K
16VVISA INCCOM CL A0.98%$3M13.0K
17NKENIKE INCCL B0.96%$3M23.6K
18MCOMOODYS CORPCOM0.94%$3M9.2K
19NFLXNETFLIX INCCOM0.91%$3M8.0K
20SPGIS&P GLOBAL INCCOM0.91%$3M7.9K
21DGDOLLAR GEN CORP NEWCOM0.90%$3M12.8K
22SCHWSCHWAB CHARLES CORPCOM0.88%$3M50.8K
23NYTNEW YORK TIMES COCL A0.81%$2M62.3K
24TDGTRANSDIGM GROUP INCCOM0.80%$2M3.3K
25TECKTECK RESOURCES LTDCL B0.80%$2M66.2K
26AXTAAXALTA COATING SYS LTDCOM0.79%$2M78.8K
27GPNGLOBAL PMTS INCCOM0.79%$2M22.6K
28CVECENOVUS ENERGY INCCOM0.78%$2M133.8K
29LIBERTY GLOBAL PLCSHS CL C0.74%$2M108.9K
30MASMASCO CORPCOM0.72%$2M43.3K
31BNBROOKFIELD CORPCL A LTD VT SH0.70%$2M64.5K
32CONSOL ENERGY INC NEWCOM0.69%$2M35.8K
33WMGWARNER MUSIC GROUP CORPCOM CL A0.58%$2M52.3K
34SNOWSNOWFLAKE INCCL A0.56%$2M11.0K
35INTUINTUITCOM0.52%$2M3.5K
36EXPEEXPEDIA GROUP INCCOM NEW0.50%$1M15.4K
37BBWIBATH & BODY WORKS INCCOM0.49%$1M40.3K
38WDAYWORKDAY INCCL A0.49%$1M7.1K
39NOWSERVICENOW INCCOM0.48%$1M3.1K
40NVDANVIDIA CORPORATIONCOM0.46%$1M5.0K
41DDOGDATADOG INCCL A COM0.35%$1M14.3K
42BTIBRITISH AMERN TOB PLCSPONSORED ADR0.25%$752,99921.4K
43OTISOTIS WORLDWIDE CORPCOM0.25%$749,2198.9K
44TTENTOTALENERGIES SESPONSORED ADS0.24%$721,87212.2K
45IDXXIDEXX LABS INCCOM0.24%$715,6141.4K
46NVONOVO-NORDISK A SADR0.23%$704,1954.4K
47ASMLFASML HOLDING N VN Y REGISTRY SHS0.23%$700,4511.0K
48HDBHDFC BANK LTDSPONSORED ADS0.21%$629,7659.4K
49ACGLARCH CAP GROUP LTDORD0.21%$621,8939.2K
50LAM RESEARCH CORPCOM0.20%$615,9991.2K
51GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.20%$605,62112.0K
52SESEA LTDSPONSORD ADS0.20%$602,2157.0K
53TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.19%$578,3986.2K
54NVSNOVARTIS AGSPONSORED ADR0.19%$577,9446.3K
55AZNNASTRAZENECA PLCSPONSORED ADR0.19%$563,0548.1K
56RIORIO TINTO PLCSPONSORED ADR0.19%$559,6748.2K
57PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.17%$507,52448.7K
58VALEVALE S ASPONSORED ADS0.16%$479,81830.4K
59BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.16%$477,0784.7K
60GGENPACT LIMITEDSHS0.15%$443,8049.6K
61GLNGGOLAR LNG LTDSHS0.14%$421,07019.5K
62JDJD.COM INCSPON ADR CL A0.14%$415,1569.5K
63ADECOAGRO S ACOM0.13%$402,74449.8K
64YUMCYUM CHINA HLDGS INCCOM0.13%$377,3616.0K
65ELLAUDER ESTEE COS INCCL A0.12%$369,6901.5K
66CNHCNH INDL N VSHS0.12%$352,30923.1K
67IBNICICI BANK LIMITEDADR0.11%$332,26715.4K
68BEKEKE HLDGS INCSPONSORED ADS0.11%$327,10017.4K
69QUALISHARES TRMSCI USA QLT FCT0.11%$322,8032.6K
70ITUBITAU UNIBANCO HLDG S ASPON ADR REP PFD0.10%$312,29864.1K
71MELIMERCADOLIBRE INCCOM0.10%$296,564225
72CPNGCOUPANG INCCL A0.09%$271,32817.0K
73BRF SASPONSORED ADR0.07%$205,495160.5K
74XPXP INCCL A0.06%$194,28816.4K
75STTKSHATTUCK LABS INCCOM0.04%$132,30045.0K
76SOUTHWESTERN ENERGY COCOM0.03%$93,14218.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$309M91May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$323M90Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$319M96Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$337M98Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$303M94May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$311M94Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$309M92Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$296M94Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$297M97May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$255M100Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$222M76Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$310M77Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$301M76May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$314M75Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$295M72Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$328M70Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$321M64May 19, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$321M64Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$311M61Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$345M69Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$309M59May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$266M56Feb 16, 202113F-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 ↗.