Hedgeye Podcasts Hedgeye NexGen | Episode 27 | Inside Portfolio Management (w/ R. Patrick Kent)
Dec 8, 2025
R. Patrick Kent, known as RPK, is a portfolio manager at Hedgeye Asset Management with a rich background in healthcare analysis. In this conversation, he shares insights on opportunistic investing and the vital role of understanding rate of change in financial markets. Kent discusses his journey from healthcare analyst to portfolio manager, emphasizing the importance of modeling for business dynamics. He also delves into the impact of AI on idea discovery and offers valuable skills for young investors navigating today's markets.
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Unplanned Path To Portfolio Management
- R. Patrick Kent pivoted from an English and philosophy major into finance after a grind of entry-level writing and fact-checking jobs.
- He became a healthcare analyst within a year through serendipity and mentorship that launched his investing career.
Rate Of Change Trumps Static Metrics
- The signal that matters most is the rate of change, not static metrics.
- Kent emphasizes tracking changes at the margin and the rate-of-change on the rate-of-change.
Aberrant Views Drive Alpha
- A differentiated, contrarian view on earnings trajectory is the core source of excess returns.
- Kent calls this an "aberrant view" and stresses building a clear thesis to capture that edge.
