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Iron Triangle Partners LP

CIK:0001779763
Hedge Fund
$651M AUM
27 holdings
New York, NY, US
Founded:2019
10 employees
Latest filing:Jun 30, 2025

Iron Triangle Partners LP is a New York-based hedge fund founded in 2019. The firm is structured as a Delaware limited partnership and is led by principal owner Kevin Molloy. Iron Triangle Partners manages equity portfolios for institutional investors and high net-worth clients, reporting approximately $651 million in assets under management as of Q2 2025. The firm has a limited staff typical of hedge funds, with an estimated small employee count.

Investment Strategy

Iron Triangle Partners LP primarily employs a long/short equity investment strategy, focusing on public equity investments and maintaining concentrated positions in the healthcare and pharmaceuticals sectors. The firm actively manages its portfolio by initiating new positions, adding to existing holdings, and selling out of others based on deep fundamental research. The strategy revolves around identifying undervalued opportunities with growth potential, while hedging risk through selective short positions.

Latest 13F Filing Activity

Iron Triangle Partners LP filed their most recent 13F report on Jun 30, 2025 disclosing 25 equity positions and 1 options positions with a total 13F market value of $651M. The fund increased holdings in CVS Health Corp., Charles Riv Labs Intl Inc., Icon PLC among other positions. Iron Triangle Partners LP reduced exposure to Agilent Technologies Inc., Cardinal Health Inc., Guardant Health Inc. among others.

Top Buys
C
CVSCVS HEALTH CORP
+$51.7M
C
CRLCHARLES RIV LABS INTL INC
+$48.6M
I
ICLRICON PLC
+$36.4M
M
MDTMEDTRONIC PLC
+$34.9M
H
HCAHCA HEALTHCARE INC
+$30.6M
Top Sells
A
AAGILENT TECHNOLOGIES INC
-$24.4M
C
CAHCARDINAL HEALTH INC
-$23.6M
G
GHGUARDANT HEALTH INC
-$10.0M
N
NVSTENVISTA HOLDINGS CORPORATION
-$9.2M
A
ALNYALNYLAM PHARMACEUTICALS INC
-$8.1M

Top Holdings

C
CVSCVS HEALTH CORP
+7.9%$51.7M
C
CRLCHARLES RIV LABS INTL INC
+7.5%$48.6M
A
ABBVABBVIE INC
+7.1%$46.4M
M
MMSIMERIT MED SYS INC
+5.6%$36.7M
I
ICLRICON PLC
+5.6%$36.4M

Equity Positions (25)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
CVS HEALTH CORP7.94%$51.7M750,000$68.98$68.98+$51.7M
CHARLES RIV LABS INTL INC7.46%$48.6M320,000$151.73$151.73+$48.6M
ABBVIE INC7.13%$46.4M249,997$179.51$185.62+$6.0M
MERIT MED SYS INC5.64%$36.7M392,783$96.14$93.48+$12.4M
ICON PLC5.58%$36.4M250,000$145.45$145.45+$36.4M

Options Positions (1)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
OSCAR HEALTH INCNew
Put
$19.3M9,000$21.44$21.44+9,000+$19.3M

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+21.8%
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
+12.7%
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
+12.1%
SERVICES-MEDICAL LABORATORIES
+9.8%
RETAIL-DRUG STORES AND PROPRIETARY STORES
+8.6%