David Jeffrey Fear - Thunderbird Partners 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Thunderbird Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - The Cigna Group, Humana Inc., NetEase, Inc., SanDisk, Western Digital Corporation

Increases - Illumina, Inc., UnitedHealth Group Incorporated

Reductions - None reported

Complete Exits - TAL Education Group

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	CI The Cigna Group	The Cigna Group	Buy - Position Entry	+34,638	-	$11.40M	34,638
Q1 2025	HUM Humana Inc.	Humana Inc.	Buy - Position Entry	+36,921	-	$9.77M	36,921
Q1 2025	ILMN Illumina, Inc.	Illumina, Inc.	Buy	+63,249	+71.2%	$12.07M	152,073
Q1 2025	NTES NetEase, Inc.	NetEase, Inc.	Buy - Position Entry	+31,546	-	$3.25M	31,546
Q1 2025	SNDK SanDisk	SanDisk	Buy - Position Entry	+93,400	-	$4.45M	93,400
Q1 2025	TAL TAL Education Group	TAL Education Group	Sell - Position Exit	-1,546,820	-100.0%	$0.00	-
Q1 2025	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+18,245	+26.8%	$45.23M	86,361
Q1 2025	WDC Western Digital Corporation	Western Digital Corporation	Buy - Position Entry	+280,201	-	$11.33M	280,201