In a notable move, Samantha McLemore's Patient Capital Management completely sold its stake in the iShares Bitcoin Trust (IBIT). According to a quarterly disclosure filed on August 13, 2026, the firm liquidated 1.10 million shares, valued at approximately $42.26 million, during the second quarter ending June 30, 2026. Before the sale, the position accounted for 1.55% of the fund's reported portfolio.
This disclosure provides a delayed look at portfolio changes and does not reflect trading on the filing date itself. The decision to exit the bitcoin ETF is noteworthy given the significant institutional inflows into such products throughout 2026. Patient Capital Management is known for its long-term, value-oriented, and often contrarian investment approach. No specific reason for the sale has been publicly disclosed.