Clients
Patient Square Capital serves 30 clients. The average client has about $584 million with the firm.
- Pooled investment vehicles30 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 30 | $17,512,552,081 | 100.0% | $583.8M |
| Total | 30 | $17,512,552,081 | 100% | $583.8M |
- Clients
- 30
- Regulatory AUM
- $17,512,552,081
- Share
- 100.0%
- Avg. per client
- $583.8M
Total
- Clients
- 30
- Regulatory AUM
- $17,512,552,081
- Share
- 100%
- Avg. per client
- $583.8M
What it does
Patient Square Capital provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.
Patient Square Capital advises 30 private funds.
100.0% of assets ($17.51B across 30 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Patient Square Capital has custody of client assets.
- All other custodians$17.51B100%
Ownership and leadership
Patient Square Partner Holdings, LP owns 75% or more of Patient Square Capital.
- Owns 75% or more of Patient Square Capital, LP
Patient Square Partner Holdings, LP
Control person · since February 2021
- Owns 50% to 75% of Patient Square Partner Holdings, LP
James Momtazee
Control person · since February 2021
Patient Square Capital Holdings, LLC
General partner · Control person · since February 2021
Leadership
- Christopher WadeChief Financial Officer and Partner
- Carolyn Drayer-GreenwaltChief Compliance Officer and Managing Director
- Adam FlissFounding Partner; Head of Strategy, Capital, Legal, and Government Affairs
- James MomtazeeManaging Partner
Staff
- 97 employees
- 50 in advisory functions
- 3 broker-dealer reps
Reported holdings
Patient Square Capital’s reported 13F holdings total $645.5M across 23 positions, and the ten largest make up 80.1% of it.
- $645.5M
- Reported 13F value
- 23
- Positions
- 80.1%
- In the 10 largest
- +14.5%
- Value vs. prior quarter
- Roivant Sciences Ltd44.0%
- Revolution Medicines Inc.8.0%
- Mirum Pharmaceuticals Inc.4.7%
- Abivax SA · Sponsored ADS4.3%
- Beone Medicines Ltd · Sponsored ADS4.0%
- Pharvaris N V3.6%
- Argenx SE · Sponsored ADR3.3%
- United Therapeutics Corp. Del3.1%
- Belite Bio Inc. · Sponsored ADS2.6%
- Cogent Biosciences Inc.2.5%
Together, the ten largest are 80.1% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $645.5M is not its $17.51B in regulatory assets and does not represent any individual client's portfolio.
Fees
Patient Square Capital is paid through a percentage of assets under management and performance-based fees.
Patient Square Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Patient Square Capital has 2 offices, with 2 listed addresses across 2 states.
California · 1 listed address
- 2884 Sand Hill Road, Suite 100, Menlo ParkHQ
New York · 1 listed address
- 767 Fifth Avenue, New York
Registration details
- Legal name
- Patient Square Capital, LP
- Headquarters
- 2884 Sand Hill Road, Suite 100, Menlo Park, CA 94025
- Phone
- 650-677-8100
- Website
- patientsquarecapital.com
- SEC file
- 801-120508
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Patient Square Capital have?
Patient Square Capital has 30 clients and manages $17.5 billion for them, as of May 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 May 2026
What services does Patient Square Capital offer?
Patient Square Capital provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Patient Square Capital have?
Patient Square Capital has 0 investment adviser representatives registered with state securities authorities, out of 97 employees, and 50 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Patient Square Capital?
Patient Square Capital is owned through a holding company by James Momtazee. Its direct owner is Patient Square Partner Holdings, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 May 2026
How does Patient Square Capital get paid?
Patient Square Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
