Gladstone Capital Management LLP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Gladstone Capital Management LLP disclosed 28 US equity positions worth $969.3m in its Q4 2025 13F filing. The largest position was GOOGL at 19.2% of the reported book, followed by RTX and MSFT. Against the Q3 2025 filing, it opened 7 new positions, added to 7 and reduced 9 among the top 28 holdings.
What did Gladstone Capital Management LLP own in Q4 2025? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL Alphabet Inc | Communication Services | 19.2% | $186.5m | 595,957 | -6% | reduced |
| 2 | RTX RTX Corp | Industrials | 12.3% | $119.4m | 650,965 | 7% | added |
| 3 | MSFT Microsoft Corp | Technology | 11.9% | $115.4m | 238,707 | -8% | reduced |
| 4 | APG Api Group Corp | Industrials | 8.6% | $83.5m | 2,181,558 | 11% | added |
| 5 | PWR Quanta Services Inc | Industrials | 7.9% | $76.4m | 180,981 | – | new |
| 6 | AVGO Broadcom Inc | Technology | 7.6% | $73.7m | 213,066 | -27% | reduced |
| 7 | Arch Capital Group Ltd | 7.4% | $72.0m | 750,533 | 15% | added | |
| 8 | PM Philip Morris International Inc | Consumer Defensive | 6.7% | $65.4m | 407,642 | -50% | reduced |
| 9 | META Meta Platforms Inc | Communication Services | 4.5% | $43.3m | 58,974 | 0% | held |
| 10 | SNOW Snowflake Inc | Technology | 3.8% | $37.1m | 169,002 | 2332% | added |
| 11 | XYZ Block Inc | Technology | 3.5% | $33.5m | 514,928 | -27% | reduced |
| 12 | ABNB Airbnb Inc | Consumer Cyclical | 2.9% | $28.4m | 209,100 | – | new |
| 13 | CBRE Capital One Finance Corp | Real Estate | 2.0% | $18.9m | 78,097 | -44% | reduced |
| 14 | DASH DoorDash Inc | Consumer Cyclical | 0.7% | $7.1m | 31,397 | -40% | reduced |
| 15 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 0.6% | $5.4m | 17,860 | – | new |
| 16 | AMZN Amazon.com Inc | Consumer Cyclical | 0.1% | $691.5k | 3,000 | 2900% | added |
| 17 | LULU Lululemon Atheletic Inc | Consumer Cyclical | 0.1% | $685.8k | 3,300 | – | new |
| 18 | FIG Figma Inc | Technology | 0.1% | $638.3k | 17,081 | 3% | added |
| 19 | GE General Electric Co | Industrials | 0.0% | $476.8k | 1,548 | -75% | reduced |
| 20 | NVDA NVIDIA Corp | Technology | 0.0% | $186.5k | 1,000 | 0% | held |
| 21 | TEAM Atlassian Corp | Technology | 0.0% | $162.1k | 1,000 | 11% | added |
| 22 | BABA Alibaba Group Holding Ltd | Consumer Cyclical | 0.0% | $131.9k | 900 | – | new |
| 23 | ARM Arm Holdings PLC | Technology | 0.0% | $109.3k | 1,000 | 0% | held |
| 24 | TSLA Tesla Inc | Consumer Cyclical | 0.0% | $45.0k | 100 | 0% | held |
| 25 | WING Wingstop Inc | Consumer Cyclical | 0.0% | $23.8k | 100 | – | new |
| 26 | ICE Intercontinental Exchanges Inc | Financial Services | 0.0% | $16.2k | 100 | -100% | reduced |
| 27 | KEY KeyCorp | Financial Services | 0.0% | $14.4k | 698 | 0% | held |
| 28 | NKE Nike Inc | Consumer Cyclical | 0.0% | $255 | 4 | – | new |
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.