SEC 13F Intelligence

Managers / Q2 2023 · view latest →

CLOVERFIELDS CAPITAL GROUP, LP

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

Reported Value
$310M
Q2 2023
Positions
77
Filings on Record
24
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Cloverfields Capital Group, LP reported $310M in U.S.-listed holdings across 77 positions for Q2 2023.

The portfolio is heavily concentrated: UNH alone accounts for 36.0% of reported value.

Compared with Q1 2023, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+25.6%
vs prior filed quarter
Top-10 Concentration
+52.3%
share of reported value
Largest Position
+36.0%
Unitedhealth
New / Exited
8 / 7
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: 89.5%ADR: 8.3%Other: 1.3%ETP: 0.9%
  • Common Stock · 89.5% · $277M
  • ADR · 8.3% · $26M
  • Other · 1.3% · $4M
  • ETP · 0.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPCANADIAN PACIFIC KANSAS CITYNEW+80.6K80.6K+$7M$7M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+12.0K12.0K+$4M$4M
GLDSPDR GOLD TRNEW+13.3K13.3K+$2M$2M
VALVALARIS LIMITEDNEW+33.0K33.0K+$2M$2M
NUNU HLDGS LTDNEW+172.9K172.9K+$1M$1M
WPMWHEATON PRECIOUS METALS CORPNEW+23.9K23.9K+$1M$1M
GSKGSK PLCNEW+21.2K21.2K+$755,996$755,996
ELVELEVANCE HEALTH INCNEW+1.2K1.2K+$518,931$518,931

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

Holdings — Q2 2023

77 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UNHUNITEDHEALTH GROUP INChistory →COM35.96%$111M231.8K
2GOOGALPHABET INChistory →CAP STK CL C2.12%$7M54.4K
3CPCANADIAN PACIFIC KANSAS CITYhistory →COM2.10%$7M80.6K
4MSFTMICROSOFT CORPhistory →COM1.92%$6M17.5K
5AMZNAMAZON COM INChistory →COM1.91%$6M45.3K
6SLBSCHLUMBERGER LTDhistory →COM STK1.90%$6M120.0K
7METAMETA PLATFORMS INChistory →CL A1.69%$5M18.2K
8FISVFISERV INChistory →COM1.60%$5M39.2K
9PMPHILIP MORRIS INTL INChistory →COM1.56%$5M49.5K
10ADPAUTOMATIC DATA PROCESSING INhistory →COM1.53%$5M21.6K
11EXMOCEXXON MOBIL CORPhistory →COM1.45%$4M41.8K
12UNPUNION PAC CORPhistory →COM1.40%$4M21.2K
13NFLXNETFLIX INChistory →COM1.37%$4M9.6K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.33%$4M12.0K
15MAMASTERCARD INCORPORATEDhistory →CL A1.32%$4M10.4K
16MCOMOODYS CORPhistory →COM1.28%$4M11.4K
17SPGIS&P GLOBAL INChistory →COM1.25%$4M9.7K
18VVISA INChistory →COM CL A1.23%$4M16.1K
19SCHWSCHWAB CHARLES CORPhistory →COM1.22%$4M66.9K
20TDGTRANSDIGM GROUP INChistory →COM1.16%$4M4.0K
21TECKTECK RESOURCES LTDhistory →CL B1.08%$3M79.6K
22SBUXSTARBUCKS CORPhistory →COM1.06%$3M33.1K
23NKENIKE INChistory →CL B1.04%$3M29.3K
24AXTAAXALTA COATING SYS LTDhistory →COM1.01%$3M95.5K
25MASMASCO CORPCOM0.98%$3M53.1K
26NYTNEW YORK TIMES COCL A0.97%$3M76.6K
27CONSOL ENERGY INC NEWCOM0.97%$3M44.5K
28CVECENOVUS ENERGY INCCOM0.92%$3M167.2K
29GPNGLOBAL PMTS INCCOM0.90%$3M28.3K
30NVDANVIDIA CORPORATIONCOM0.87%$3M6.4K
31OTISOTIS WORLDWIDE CORPCOM0.84%$3M29.4K
32ASMLFASML HOLDING N VN Y REGISTRY SHS0.79%$2M3.4K
33LIBERTY GLOBAL PLCSHS CL C0.79%$2M137.2K
34BTIBRITISH AMERN TOB PLCSPONSORED ADR0.77%$2M72.0K
35GLDSPDR GOLD TRGOLD SHS0.77%$2M13.3K
36GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.76%$2M37.4K
37TTENTOTALENERGIES SESPONSORED ADS0.75%$2M40.4K
38SNOWSNOWFLAKE INCCL A0.75%$2M13.2K
39NVONOVO-NORDISK A SADR0.74%$2M14.2K
40PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.74%$2M164.8K
41ACGLARCH CAP GROUP LTDORD0.72%$2M30.0K
42HDBHDFC BANK LTDSPONSORED ADS0.71%$2M31.5K
43EXPEEXPEDIA GROUP INCCOM NEW0.70%$2M19.9K
44LAM RESEARCH CORPCOM0.70%$2M3.4K
45NOWSERVICENOW INCCOM0.69%$2M3.8K
46IDXXIDEXX LABS INCCOM0.69%$2M4.3K
47VALVALARIS LIMITEDCL A0.67%$2M33.0K
48INTUINTUITCOM0.63%$2M4.3K
49WDAYWORKDAY INCCL A0.63%$2M8.6K
50BBWIBATH & BODY WORKS INCCOM0.61%$2M50.3K
51AZNNASTRAZENECA PLCSPONSORED ADR0.59%$2M25.4K
52DDOGDATADOG INCCL A COM0.57%$2M17.9K
53TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.57%$2M17.4K
54ELLAUDER ESTEE COS INCCL A0.56%$2M8.8K
55WMGWARNER MUSIC GROUP CORPCOM CL A0.55%$2M65.5K
56RIORIO TINTO PLCSPONSORED ADR0.55%$2M26.5K
57ADECOAGRO S ACOM0.47%$1M156.5K
58NUNU HLDGS LTDORD SHS CL A0.44%$1M172.9K
59XPXP INCCL A0.43%$1M56.6K
60BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.43%$1M15.9K
61GLNGGOLAR LNG LTDSHS0.42%$1M64.5K
62ITUBITAU UNIBANCO HLDG S ASPON ADR REP PFD0.42%$1M218.1K
63VALEVALE S ASPONSORED ADS0.41%$1M94.1K
64JDJD.COM INCSPON ADR CL A0.37%$1M34.0K
65IBNICICI BANK LIMITEDADR0.37%$1M50.2K
66CNHCNH INDL N VSHS0.37%$1M80.2K
67YUMCYUM CHINA HLDGS INCCOM0.37%$1M20.1K
68CPNGCOUPANG INCCL A0.36%$1M64.5K
69GGENPACT LIMITEDSHS0.35%$1M28.5K
70BRF SASPONSORED ADR0.34%$1M560.4K
71SESEA LTDSPONSORD ADS0.34%$1M18.1K
72WPMWHEATON PRECIOUS METALS CORPCOM0.33%$1M23.9K
73MELIMERCADOLIBRE INCCOM0.26%$816,189689
74GSKGSK PLCSPONSORED ADR0.24%$755,99621.2K
75ELVELEVANCE HEALTH INCCOM0.17%$518,9311.2K
76QUALISHARES TRMSCI USA QLT FCT0.14%$432,2563.2K
77SOUTHWESTERN ENERGY COCOM0.04%$111,95718.6K

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 ↗.