Gladstone Capital Management LLP

CIK

1353394

Location

LONDON, X0

Portfolio Value

Mid $1,010,783,104

Diversification

Diversified

Filing Date

Global Rank

#1,935 / 8,633 ▼ 127

Top Industry

Internet Content & Information 17.8%

3Y Alpha vs SPY

+31.7%

Period ended 51 days ago

Filed Aug 14, 2026 · 6d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+252.8%

SPY

+76.2%

Annualised alpha

+31.5%

Max drawdown

−19.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

40 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

17.8%

−0.3 pts

Top 5

58.3%

−1.1 pts

Top 10

88.6%

−1.2 pts

HHI

957

Diversified−29

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.8%	$271,196,177	18
Industrials	26.5%	$267,431,685	7
Financial Services	19.7%	$199,198,390	6
Communication Services	17.8%	$179,797,492	1
Consumer Defensive	9.0%	$90,706,413	2
Basic Materials	0.2%	$1,676,176	1
Consumer Cyclical	0.1%	$776,771	5

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
PM	Philip Morris International Inc.	+96,796	501,070	$90,648,573
SNOW	Snowflake Inc.	+63,440	64,948	$16,529,266
V	Visa Inc.	+49,402	277,412	$95,177,283
ARM	Arm Holdings PLC /Uk	+1,100	2,100	$744,597
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
APG	APi Group Corp	−923,488	922,659	$39,074,608
DOCN	DigitalOcean Holdings, Inc.	−496,602	100	$15,703
MSFT	Microsoft Corp	−256,016	1,810	$675,166
ACGL	Arch Capital Group Ltd.	−175,557	306,665	$29,764,904
GLW	Corning Inc /Ny	−168,432	188,501	$48,148,810
GOOGL	Alphabet Inc.	−121,670	503,113	$179,797,492
RTX	RTX Corp	−106,408	496,055	$94,116,515
XYZ	Block, Inc.	−79,679	112,828	$8,574,928
AVGO	Broadcom Inc.	−63,455	2,370	$895,267
PWR	Quanta Services, Inc.	−48,033	180,244	$129,782,889
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−45,846	169,817	$81,099,504
GE	General Electric Co	−13,692	2,611	$975,809
ICE	Intercontinental Exchange, Inc.	−7,300	1,000	$123,110
LIN	Linde PLC	−5,370	3,230	$1,676,176
FIG	Figma, Inc.	−2,739	14,342	$259,446
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
AFL	Aflac Inc	604,852	$70,918,897
FTNT	Fortinet, Inc.	397,555	$61,072,399
SNDK	Sandisk Corp	19,900	$45,247,227
ALAB	Astera Labs, Inc.	7,200	$3,477,744
PGR	Progressive Corp/Oh/	14,640	$3,198,108
AMAT	Applied Materials Inc /De	4,360	$3,152,280
DY	Dycom Industries Inc	6,040	$3,053,763
QCOM	Qualcomm Inc/De	3,200	$591,328
INTC	Intel Corp	2,047	$285,822
FIX	Comfort Systems USA Inc	130	$257,653
DELL	Dell Technologies Inc.	452	$195,019
ETN	Eaton Corp plc	400	$170,448
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
LHX	L3harris Technologies, Inc. /De/	39,755	$13,721,438
LULU	lululemon athletica inc.	3,300	$505,230
CBRE	Cbre Group, Inc.	1,000	$135,460
NKE	NIKE, Inc.	4	$211
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 tracked positions · $1,010,783,104 total · filing declares 40 positions · $1,010,783,119 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	503,113	-121,670	$179,797,492	+0.1%	17.79%
PWR	Quanta Services, Inc. Industrials	Reduced	180,244	-48,033	$129,782,889	+3.6%	12.84%
V	Visa Inc. Financial Services	Added	277,412	+49,402	$95,177,283	+38.1%	9.42%
RTX	RTX Corp Industrials	Reduced	496,055	-106,408	$94,116,515	−19.0%	9.31%
PM	Philip Morris International Inc. Consumer Defensive	Added	501,070	+96,796	$90,648,573	+35.6%	8.97%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	169,817	-45,846	$81,099,504	+11.3%	8.02%
AFL	Aflac Inc Financial Services	NEW	604,852	NEW	$70,918,897	NEW	7.02%
FTNT	Fortinet, Inc. Technology	NEW	397,555	NEW	$61,072,399	NEW	6.04%
GLW	Corning Inc /Ny Technology	Reduced	188,501	-168,432	$48,148,810	−0.8%	4.76%
SNDK	Sandisk Corp Technology	NEW	19,900	NEW	$45,247,227	NEW	4.48%
APG	APi Group Corp Industrials	Reduced	922,659	-923,488	$39,074,608	−47.8%	3.87%
ACGL	Arch Capital Group Ltd. Financial Services	Reduced	306,665	-175,557	$29,764,904	−35.7%	2.94%
SNOW	Snowflake Inc. Technology	Added	64,948	+63,440	$16,529,266	+7167.7%	1.64%
XYZ	Block, Inc. Technology	Reduced	112,828	-79,679	$8,574,928	−26.0%	0.85%
ALAB	Astera Labs, Inc. Technology	NEW	7,200	NEW	$3,477,744	NEW	0.34%
PGR	Progressive Corp/Oh/ Financial Services	NEW	14,640	NEW	$3,198,108	NEW	0.32%
AMAT	Applied Materials Inc /De Technology	NEW	4,360	NEW	$3,152,280	NEW	0.31%
DY	Dycom Industries Inc Industrials	NEW	6,040	NEW	$3,053,763	NEW	0.30%
LIN	Linde PLC Basic Materials	Reduced	3,230	-5,370	$1,676,176	−60.7%	0.17%
GE	General Electric Co Industrials	Reduced	2,611	-13,692	$975,809	−78.9%	0.10%
AVGO	Broadcom Inc. Technology	Reduced	2,370	-63,455	$895,267	−95.6%	0.09%
ARM	Arm Holdings PLC /Uk Technology	Added	2,100	+1,100	$744,597	+392.2%	0.07%
MSFT	Microsoft Corp Technology	Reduced	1,810	-256,016	$675,166	−99.3%	0.07%
QCOM	Qualcomm Inc/De Technology	NEW	3,200	NEW	$591,328	NEW	0.06%
ABNB	Airbnb, Inc. Consumer Cyclical	Held	3,557	0	$509,006	+13.3%	0.05%
INTC	Intel Corp Technology	NEW	2,047	NEW	$285,822	NEW	0.03%
FIG	Figma, Inc. Technology	Reduced	14,342	-2,739	$259,446	−28.1%	0.03%
FIX	Comfort Systems USA Inc Industrials	NEW	130	NEW	$257,653	NEW	0.03%
DELL	Dell Technologies Inc. Technology	NEW	452	NEW	$195,019	NEW	0.02%
DASH	DoorDash, Inc. Consumer Cyclical	Held	1,000	0	$184,530	+22.9%	0.02%
ETN	Eaton Corp plc Industrials	NEW	400	NEW	$170,448	NEW	0.02%
NVDA	Nvidia Corp Technology	Held	729	0	$145,865	+14.7%	0.01%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	1,000	-7,300	$123,110	−90.6%	0.01%
LITE	Lumentum Holdings Inc. Technology	Held	100	0	$85,806	+22.1%	0.01%
MDLZ	Mondelez International, Inc. Consumer Defensive	Held	1,000	0	$57,840	+0.3%	0.01%
TSLA	Tesla, Inc. Consumer Cyclical	Held	100	0	$42,060	+13.1%	0.00%
AMZN	Amazon Com Inc Consumer Cyclical	Held	100	0	$23,834	+14.4%	0.00%
WING	Wingstop Inc. Consumer Cyclical	Held	100	0	$17,341	+11.9%	0.00%
KEY	Keycorp /New/ Financial Services	Held	698	0	$16,088	+15.0%	0.00%
DOCN	DigitalOcean Holdings, Inc. Technology	Reduced	100	-496,602	$15,703	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.