Hedge Fund - Patient Capital Management

Patient Capital is an independent asset management firm owned and operated by women, previously affiliated with Miller Value Partners. The firm upholds an investment philosophy and process originally crafted by renowned investor Bill Miller during his tenure at Legg Mason decades ago. Samantha McLemore, who collaborated closely with Bill for 20 years, founded Patient Capital in 2020. The philosophy and methodology have since evolved through their shared experience at Miller Value Partners. Patient Capital remains dedicated to implementing, refining, and enhancing this proven approach.

Samantha McLemore brings over two decades of market experience to her role. Having partnered closely with renowned value investor Bill Miller for more than 20 years, Samantha has navigated significant market cycles and sentiment shifts. In 2020, she launched Patient Capital Management, LLC, where she currently serves as Chief Investment Officer and portfolio manager for Patient Partners LP. Under Samantha's leadership, Patient Capital Management acquired the Miller Value Partners’ Opportunity Equity strategy in 2023, encompassing a multi-billion-dollar portfolio across mutual funds and separate accounts. Samantha co-managed the Opportunity Equity strategy with Bill Miller at Miller Value Partners before assuming sole management responsibilities in 2023. Samantha began her career as an analyst at Legg Mason Capital Management and has earned recognition for her exceptional fund management skills, receiving Sauren Gold medals in 2019, 2020, and 2021. She was honored as one of Baltimore’s 40 Under 40 in 2017 and has been featured in prominent publications such as The New York Times, The Wall Street Journal, Bloomberg, and Barron’s. Samantha is a sought-after speaker at conferences hosted by Columbia University, the CFA Society New York, and 100 Women in Finance. She earned her CFA designation in 2005 and graduated magna cum laude from Washington & Lee University. Samantha is actively involved in philanthropy, serving as Chair of the Board of Improving Education, a nonprofit dedicated to early childhood literacy. She also serves on the Board for the Next Generation Investing Event, which raises funds for various educational institutions in Baltimore and is a member of the Board of Trustees at Washington & Lee University.

Patient Capital Management operates as a hedge fund managing discretionary assets totaling $1,750,556,747, based on their Form ADV filed on March 2024. The firm serves 8 clients, with their latest 13F filing for Q1 2024 reporting $2,054,392,678 in managed 13F securities and a top 10 holdings concentration of 45.48%. Patient Capital Management's largest holding is Amazon.com Inc., with 643,989 shares held.