Gladstone Capital Management LLP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Gladstone Capital Management LLP disclosed 22 US equity positions worth $969.2m in its Q2 2025 13F filing. The largest position was PM at 13.7% of the reported book, followed by ICE and Arch Capital Group Ltd. Against the Q1 2025 filing, it opened 2 new positions, added to 4 and reduced 10 among the top 22 holdings.
What did Gladstone Capital Management LLP own in Q2 2025? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PM Philip Morris International Inc | Consumer Defensive | 13.7% | $132.4m | 727,159 | -2% | reduced |
| 2 | ICE Intercontinental Exchanges Inc | Financial Services | 11.6% | $112.6m | 613,854 | 5% | added |
| 3 | Arch Capital Group Ltd | 11.0% | $106.2m | 1,165,926 | -8% | reduced | |
| 4 | META Meta Platforms Inc | Communication Services | 10.9% | $105.5m | 142,894 | -32% | reduced |
| 5 | AMZN Amazon.com Inc | Consumer Cyclical | 10.4% | $100.6m | 458,333 | 18% | added |
| 6 | MSFT Microsoft Corp | Technology | 9.5% | $91.7m | 184,434 | -1% | reduced |
| 7 | SNOW Snowflake Inc | Technology | 8.8% | $85.3m | 381,307 | -8% | reduced |
| 8 | DE Deere & Co | Industrials | 7.7% | $74.9m | 147,329 | 18% | added |
| 9 | GE General Electric Co | Industrials | 6.2% | $59.8m | 232,471 | -26% | reduced |
| 10 | XYZ Block Inc | Technology | 5.4% | $52.6m | 774,305 | -8% | reduced |
| 11 | RTX RTX Corp | Industrials | 3.5% | $33.9m | 231,829 | – | new |
| 12 | CBRE Capital One Finance Corp | Real Estate | 1.0% | $9.8m | 46,249 | -78% | reduced |
| 13 | COIN Coinbase Global Inc | Financial Services | 0.3% | $2.5m | 7,275 | 48% | added |
| 14 | APP Applovin Com Inc | Communication Services | 0.0% | $350.1k | 1,000 | – | new |
| 15 | WMT Walmart Inc | Consumer Defensive | 0.0% | $196.9k | 2,014 | -50% | reduced |
| 16 | AVGO Broadcom Inc | Technology | 0.0% | $168.1k | 610 | 0% | held |
| 17 | ARM Arm Holdings PLC | Technology | 0.0% | $161.7k | 1,000 | -92% | reduced |
| 18 | NVDA NVIDIA Corp | Technology | 0.0% | $158.0k | 1,000 | 0% | held |
| 19 | ABNB Airbnb Inc | Consumer Cyclical | 0.0% | $132.3k | 1,000 | 0% | held |
| 20 | NKE Nike Inc | Consumer Cyclical | 0.0% | $71.0k | 1,000 | 0% | held |
| 21 | TSLA Tesla Inc | Consumer Cyclical | 0.0% | $31.8k | 100 | 0% | held |
| 22 | KEY KeyCorp | Financial Services | 0.0% | $12.2k | 698 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.