Gladstone Capital Management LLP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Gladstone Capital Management LLP disclosed 23 US equity positions worth $915.5m in its Q3 2025 13F filing. The largest position was GOOGL at 16.8% of the reported book, followed by MSFT and PM. Against the Q2 2025 filing, it opened 6 new positions, added to 5 and reduced 8 among the top 23 holdings.
What did Gladstone Capital Management LLP own in Q3 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL Alphabet Inc | Communication Services | 16.8% | $154.2m | 634,200 | – | new |
| 2 | MSFT Microsoft Corp | Technology | 14.7% | $134.9m | 260,496 | 41% | added |
| 3 | PM Philip Morris International Inc | Consumer Defensive | 14.4% | $132.1m | 814,173 | 12% | added |
| 4 | RTX RTX Corp | Industrials | 11.1% | $101.9m | 609,068 | 163% | added |
| 5 | AVGO Broadcom Inc | Technology | 10.4% | $95.6m | 289,912 | 47427% | added |
| 6 | APG Api Group Corp | Industrials | 7.3% | $67.3m | 1,957,666 | – | new |
| 7 | Arch Capital Group Ltd | 6.5% | $59.4m | 654,979 | -44% | reduced | |
| 8 | XYZ Block Inc | Technology | 5.6% | $50.9m | 704,811 | -9% | reduced |
| 9 | META Meta Platforms Inc | Communication Services | 4.7% | $43.3m | 58,974 | -59% | reduced |
| 10 | CBRE Capital One Finance Corp | Real Estate | 3.3% | $29.9m | 140,456 | 204% | added |
| 11 | ICE Intercontinental Exchanges Inc | Financial Services | 2.9% | $26.6m | 157,889 | -74% | reduced |
| 12 | DASH DoorDash Inc | Consumer Cyclical | 1.6% | $14.3m | 52,636 | – | new |
| 13 | GE General Electric Co | Industrials | 0.2% | $1.9m | 6,176 | -97% | reduced |
| 14 | SNOW Snowflake Inc | Technology | 0.2% | $1.6m | 6,948 | -98% | reduced |
| 15 | FIG Figma Inc | Technology | 0.1% | $861.0k | 16,600 | – | new |
| 16 | NVDA NVIDIA Corp | Technology | 0.0% | $186.6k | 1,000 | 0% | held |
| 17 | TEAM Atlassian Corp | Technology | 0.0% | $143.7k | 900 | – | new |
| 18 | ARM Arm Holdings PLC | Technology | 0.0% | $141.5k | 1,000 | 0% | held |
| 19 | NOW ServiceNow Inc | Technology | 0.0% | $138.0k | 150 | – | new |
| 20 | DE Deere & Co | Industrials | 0.0% | $45.7k | 100 | -100% | reduced |
| 21 | TSLA Tesla Inc | Consumer Cyclical | 0.0% | $44.5k | 100 | 0% | held |
| 22 | AMZN Amazon.com Inc | Consumer Cyclical | 0.0% | $22.0k | 100 | -100% | reduced |
| 23 | KEY KeyCorp | Financial Services | 0.0% | $13.0k | 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.