Quaero Capital S.A.

CIK

1843510

Location

GENEVE, V8

Portfolio Value

Micro $31,804,997

Diversification

Diversified

Filing Date

Global Rank

#6,940 / 7,991 ▼ 251

Top Industry

Specialty Industrial Machinery 17.7%

3Y Alpha vs SPY

-6.7%

Period ended 12 months ago

Filed Aug 6, 2025 · 10mo

19 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+48.6%

SPY

+76.3%

Annualised alpha

-6.7%

Max drawdown

−31.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

33 positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025

Top Position

10.6%

+1.8 pts

Top 5

42.7%

+8.2 pts

Top 10

69.8%

+13.1 pts

HHI

571

Diversified+104

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Industrials	38.1%	$12,104,824	12
Utilities	25.6%	$8,153,215	10
Technology	16.0%	$5,087,157	3
Basic Materials	6.9%	$2,194,354	1
Energy	6.7%	$2,117,062	4
Financial Services	5.3%	$1,689,708	1
Real Estate	1.4%	$458,677	2

Last Quarter's Activity

Export CSV

Jun 30, 2025 vs Mar 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
VRT	Vertiv Holdings Co	+1,530	16,781	$2,154,848
ITRI	Itron, Inc.	+1,430	3,730	$490,979
GEV	GE Vernova Inc.	+450	5,666	$2,998,163
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
KMI	Kinder Morgan, Inc.	−18,337	17,846	$524,672
TRP	Tc Energy Corp	−17,600	11,365	$554,498
NEE	Nextera Energy Inc	−13,282	31,498	$2,186,591
NXT	Nextpower Inc.	−12,696	22,566	$1,226,913
FER	Ferrovial N.V.	−9,364	8,143	$436,220
SRE	Sempra	−8,137	6,169	$467,425
ETR	Entergy Corp /De/	−7,545	7,899	$656,564
WCN	Waste Connections, Inc.	−5,008	3,146	$587,421
HASI	HA Sustainable Infrastructure Capital, Inc.	−4,200	62,908	$1,689,708
TRGP	Targa Resources Corp.	−2,937	2,616	$455,393
CLH	Clean Harbors Inc	−2,887	1,113	$257,303
LNG	Cheniere Energy, Inc.	−2,882	2,392	$582,499
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,960	14,876	$3,369,265
ETN	Eaton Corp plc	−1,205	7,394	$2,639,584
HUBB	Hubbell Inc	−850	3,335	$1,362,047
PWR	Quanta Services, Inc.	−620	1,478	$558,802
VST	Vistra Corp.	−314	2,186	$423,668
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
CMS	Cms Energy Corp	7,161	$496,114
PEG	Public Service Enterprise Group Inc	5,475	$460,885
XEL	Xcel Energy Inc	5,876	$400,155
DTE	Dte Energy Co	2,960	$392,081
ASR	Southeast Airport Group	1,040	$331,624
OMAB	Central North Airport Group	3,123	$329,476
NI	Nisource Inc.	7,267	$293,150
SBAC	Sba Communications Corp	980	$230,143
AMT	American Tower Corp /Ma/	1,034	$228,534
NSC	Norfolk Southern Corp	888	$227,301
CP	Canadian Pacific Kansas City Ltd/Cn	2,801	$222,035
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
KNTK	Kinetik Holdings Inc.	23,835	$1,237,989
EQIX	Equinix Inc	1,430	$1,165,950
GFL	GFL Environmental Inc.	20,000	$966,200
RSG	Republic Services, Inc.	3,302	$799,612
AYI	Acuity Inc. (De)	1,889	$497,468
WPM	Wheaton Precious Metals Corp.	2,830	$219,692
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

33 positions · $31,804,997 total · as of Jun 30, 2025

All sectors Basic Materials Energy Financial Services Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	14,876	-1,960	$3,369,265	+20.6%	10.59%
GEV	GE Vernova Inc. Industrials	Added	5,666	+450	$2,998,163	+88.3%	9.43%
ETN	Eaton Corp plc Industrials	Reduced	7,394	-1,205	$2,639,584	+12.9%	8.30%
BEPC	Brookfield Renewable Corp Utilities	Held	72,501	0	$2,376,582	+17.4%	7.47%
LIN	Linde PLC Basic Materials	Held	4,677	0	$2,194,354	+0.8%	6.90%
NEE	Nextera Energy Inc Utilities	Reduced	31,498	-13,282	$2,186,591	−31.1%	6.87%
VRT	Vertiv Holdings Co Industrials	Added	16,781	+1,530	$2,154,848	+95.7%	6.78%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Reduced	62,908	-4,200	$1,689,708	−13.9%	5.31%
HUBB	Hubbell Inc Industrials	Reduced	3,335	-850	$1,362,047	−1.6%	4.28%
NXT	Nextpower Inc. Technology	Reduced	22,566	-12,696	$1,226,913	−17.4%	3.86%
ETR	Entergy Corp /De/ Utilities	Reduced	7,899	-7,545	$656,564	−50.3%	2.06%
WCN	Waste Connections, Inc. Industrials	Reduced	3,146	-5,008	$587,421	−63.1%	1.85%
LNG	Cheniere Energy, Inc. Energy	Reduced	2,392	-2,882	$582,499	−52.3%	1.83%
PWR	Quanta Services, Inc. Industrials	Reduced	1,478	-620	$558,802	+4.8%	1.76%
TRP	Tc Energy Corp Energy	Reduced	11,365	-17,600	$554,498	−59.4%	1.74%
KMI	Kinder Morgan, Inc. Energy	Reduced	17,846	-18,337	$524,672	−49.2%	1.65%
CMS	Cms Energy Corp Utilities	NEW	7,161	NEW	$496,114	NEW	1.56%
ITRI	Itron, Inc. Technology	Added	3,730	+1,430	$490,979	+103.8%	1.54%
SRE	Sempra Utilities	Reduced	6,169	-8,137	$467,425	−54.2%	1.47%
PEG	Public Service Enterprise Group Inc Utilities	NEW	5,475	NEW	$460,885	NEW	1.45%
TRGP	Targa Resources Corp. Energy	Reduced	2,616	-2,937	$455,393	−59.1%	1.43%
FER	Ferrovial N.V. Industrials	Reduced	8,143	-9,364	$436,220	−44.5%	1.37%
VST	Vistra Corp. Utilities	Reduced	2,186	-314	$423,668	+44.3%	1.33%
XEL	Xcel Energy Inc Utilities	NEW	5,876	NEW	$400,155	NEW	1.26%
DTE	Dte Energy Co Utilities	NEW	2,960	NEW	$392,081	NEW	1.23%
ASR	Southeast Airport Group Industrials	NEW	1,040	NEW	$331,624	NEW	1.04%
OMAB	Central North Airport Group Industrials	NEW	3,123	NEW	$329,476	NEW	1.04%
NI	Nisource Inc. Utilities	NEW	7,267	NEW	$293,150	NEW	0.92%
CLH	Clean Harbors Inc Industrials	Reduced	1,113	-2,887	$257,303	−67.4%	0.81%
SBAC	Sba Communications Corp Real Estate	NEW	980	NEW	$230,143	NEW	0.72%
AMT	American Tower Corp /Ma/ Real Estate	NEW	1,034	NEW	$228,534	NEW	0.72%
NSC	Norfolk Southern Corp Industrials	NEW	888	NEW	$227,301	NEW	0.71%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	NEW	2,801	NEW	$222,035	NEW	0.70%