Q4 2025 · 13F-HR
Gladstone Capital Management LLPholdings as filed
Filed 2026-02-17 · accession 0001353394-26-000002
The Brief · Gladstone Capital Management LLP · Q4 2025
AI · grounded in 13F
Gladstone Capital Management LLP initiated a new position in Quanta Services Inc QURE valued at $76.38M. The fund also established a new stake in Airbnb Inc ABNB for $28.38M and increased its holdings in Snowflake Inc SNOW by 2,332.38%. On the sell side, the fund trimmed its position in Intercontinental Exchanges Inc ICE by 99.94% and reduced its stake in Philip Morris International Inc PM by 49.93%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K305 | GOOGL | Alphabet Inc | $186.5M | 19.2% | 595,957 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $119.4M | 12.3% | 650,965 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $115.4M | 11.9% | 238,707 | Common | SOLE |
| 00187Y100 | APG | Api Group Corp | $83.5M | 8.61% | 2,181,558 | Common | SOLE |
| 74762E102 | QURE | Quanta Services Inc | $76.4M | 7.88% | 180,981 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $73.7M | 7.61% | 213,066 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $72.0M | 7.43% | 750,533 | Common | SOLE |
| 718172109 | PM | Philip Morris International Inc | $65.4M | 6.75% | 407,642 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $43.3M | 4.47% | 58,974 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc | $37.1M | 3.82% | 169,002 | Common | SOLE |
| 852234103 | XYZ | Block Inc | $33.5M | 3.46% | 514,928 | Common | SOLE |
| 009066101 | ABNB | Airbnb Inc | $28.4M | 2.93% | 209,100 | Common | SOLE |
| 12504L109 | CBRE | Capital One Finance Corp | $18.9M | 1.95% | 78,097 | Common | SOLE |
| 25809K105 | DASH | DoorDash Inc | $7.1M | 0.73% | 31,397 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | $5.4M | 0.56% | 17,860 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $691,460 | 0.07% | 3,000 | Common | SOLE |
| 550021109 | LULU | Lululemon Atheletic Inc | $685,773 | 0.07% | 3,300 | Common | SOLE |
| 316841105 | FIG | Figma Inc | $638,317 | 0.07% | 17,081 | Common | SOLE |
| 369604301 | GE | General Electric Co | $476,830 | 0.05% | 1,548 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp | $186,500 | 0.02% | 1,000 | Common | SOLE |
| 049468101 | TEAM | Atlassian Corp | $162,140 | 0.02% | 1,000 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd | $131,922 | 0.01% | 900 | Common | SOLE |
| 042068205 | ARM | Arm Holdings PLC | $109,310 | 0.01% | 1,000 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $44,972 | 0.00% | 100 | Common | SOLE |
| 974155103 | WING | Wingstop Inc | $23,849 | 0.00% | 100 | Common | SOLE |
| 45866F104 | ICE | Intercontinental Exchanges Inc | $16,196 | 0.00% | 100 | Common | SOLE |
| 493267108 | KEY | KeyCorp | $14,407 | 0.00% | 698 | Common | SOLE |
| 654106103 | NKE | Nike Inc | $255 | 0.00% | 4 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.