Institutional
Isabella Capital Management LLP
CIK 0002134988
$134.9M
Reported AUM
8
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Isabella Capital Management LLP · Q1 2026
AI · grounded in 13F
Isabella Capital Management LLP closed its position in [[stock:EQXCN 4.75 10/15/28]] for a reduction of $11.79M. The fund established a new position in [[stock:MSTR 0 03/01/30]] worth $8.72M and added SMCI with a new position of $1.14M. Additionally, the fund increased its holdings in [[stock:MARA 2.125 09/01/31]] by 35% and [[stock:BABA 0.5 06/01/31]] by 14.58%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HYG | ISHARES TR | $79.24 | -0.23% | 4.76% | 18.59% | $53.7M | 39.80% | — | HELD |
| 2 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | — | — | — | — | $38.2M | 28.32% | — | HELD |
| 3 | MARA 2.125 09/01/31 | MARA HOLDINGS INC | — | — | — | — | $11.5M | 8.54% | — | HELD |
| 4 | MSTR 0.875 03/15/31 | STRATEGY INC | — | — | — | — | $9.7M | 7.17% | — | HELD |
| 5 | MSTR 0 12/01/29 | STRATEGY INC | — | — | — | — | $9.2M | 6.82% | — | HELD |
| 6 | MSTR 0 03/01/30 | STRATEGY INC | — | — | — | — | $8.7M | 6.46% | — | HELD |
| 7 | MSTR 0.625 09/15/28 | STRATEGY INC | — | — | — | — | $2.8M | 2.04% | — | HELD |
| 8 | SMCI | SUPER MICRO COMPUTER INC | $25.70 | -9.67% | -52.82% | 631.31% | $1.1M | 0.84% | — | HELD |
Source: SEC EDGAR · accession 0000902664-26-002480. 13F discloses long positions only — shorts, foreign equities, and options are excluded.