Portman Square Capital LLP

CIK

1966898

Location

London, X0

Portfolio Value

Mid $2,086,764,533

Diversification

Diversified

Filing Date

Global Rank

#1,171 / 8,603 ▲ 163 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 31.7%

3Y Alpha vs SPY

-6.5%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

14 quarters · since Dec 2022

Clone Performance

Jul 2023–Jul 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

+76.5%

Annualised alpha

-6.7%

Max drawdown

−26.0%

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

58 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.9%

+5.6 pts

Top 5

42.1%

+4.0 pts

Top 10

58.8%

−0.3 pts

HHI

618

Diversified+148

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	27.2%	$568,084,216	8
Technology	20.9%	$435,534,298	13
Unclassified	19.5%	$406,142,890	2
Industrials	8.5%	$178,329,011	8
Communication Services	7.1%	$148,022,345	3
Consumer Cyclical	4.0%	$82,684,560	4
Basic Materials	3.9%	$81,688,124	1
Healthcare	3.6%	$74,491,152	5
Real Estate	2.2%	$46,103,950	2
Financial Services	2.1%	$44,340,467	11
Consumer Defensive	1.0%	$21,343,520	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GLD	Spdr Gold Trust	+510,500	868,500	$373,706,865
ENOV	Enovis CORP	+500,300	998,600	$22,718,150
HPE	Hewlett Packard Enterprise Co	+474,199	3,520,304	$83,818,438
LCID	Lucid Group, Inc.	+443,013	1,387,010	$13,218,205
STWD	Starwood Property Trust, Inc.	+376,493	1,566,893	$26,981,897
WGO	Winnebago Industries Inc	+287,300	587,300	$18,200,427
ON	On Semiconductor Corp	+245,909	547,834	$33,921,881
MCHP	Microchip Technology Inc	+237,000	817,800	$52,838,058
SPB	Spectrum Brands Holdings, Inc.	+166,900	289,600	$21,343,520
W	Wayfair Inc.	+155,017	189,539	$14,255,228
O	Realty Income Corp	+149,954	312,554	$19,122,053
NOVT	Novanta Inc	+133,300	231,600	$27,354,276
FOUR	Shift4 Payments, Inc.	+97,400	197,400	$8,632,302
GPN	Global Payments Inc	+91,400	493,700	$33,226,010
EVRG	Evergy, Inc.	+55,000	185,000	$15,155,200
LYV	Live Nation Entertainment, Inc.	+40,000	237,000	$36,144,870
BL	Blackline, Inc.	+33,970	440,200	$16,287,400
SYNA	SYNAPTICS Inc	+30,205	179,622	$12,580,724
NBIS	Nebius Group N.V.	+27,287	674,387	$69,974,395
SO	Southern Co	+26,446	1,031,075	$99,519,359
ALNY	Alnylam Pharmaceuticals, Inc.	+23,367	54,824	$18,139,616
TTEK	Tetra Tech Inc	+21,937	829,561	$24,986,377
OSIS	Osi Systems Inc	+15,900	37,900	$10,062,829
NET	Cloudflare, Inc.	+13,780	70,278	$14,501,162
BABA	Alibaba Group Holding Ltd	+12,100	295,000	$37,010,700
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
KKR	KKR & Co. Inc.	−728,379	7,000	$647,500
PCG	PG&E Corp	−523,323	4,118,073	$72,354,542
UGI	Ugi Corp /Pa/	−379,000	976,500	$35,564,130
BA	Boeing Co	−200,476	310,800	$61,858,524
FE	Firstenergy Corp	−168,300	504,900	$25,578,234
ALB	Albemarle Corp	−160,646	455,011	$81,688,124
ARES	Ares Management Corp	−88,500	307,000	$33,493,700
AKAM	Akamai Technologies Inc	−35,800	344,200	$39,531,370
NEE	Nextera Energy Inc	−15,897	2,570,997	$238,794,201
ITRI	Itron, Inc.	−9,000	185,300	$16,608,439
WEC	Wec Energy Group, Inc.	−5,154	115,000	$13,313,550
AEIS	Advanced Energy Industries Inc	−200	56,000	$18,071,760
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
ORCL	Oracle Corp	521,983	$76,788,919
PPL	PPL Corp	1,775,000	$67,805,000
CRWV	CoreWeave, Inc.	550,000	$42,608,500
RDDT	Reddit, Inc.	311,200	$41,903,080
USO	United States Oil Fund, LP	254,900	$32,436,025
ZTO	ZTO Express (Cayman) Inc.	631,906	$15,905,074
JAZZ	Jazz Pharmaceuticals plc	53,000	$10,019,650
GH	Guardant Health, Inc.	100,000	$9,237,000
IREN	IREN Ltd	176,466	$6,049,254
APO	Apollo Global Management, Inc.	7,000	$779,940
BX	Blackstone Inc.	6,000	$689,940
CG	Carlyle Group Inc.	14,000	$677,460
TPG	TPG Inc.	15,000	$607,650
SOFI	SoFi Technologies, Inc.	37,753	$599,517
OWL	Blue Owl Capital Inc.	30,000	$273,900
HLNE	Hamilton Lane INC	2,200	$218,680
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GME	GameStop Corp.	1,664,200	$33,417,136
COIN	Coinbase Global, Inc.	102,880	$23,265,283
CMS	Cms Energy Corp	138,600	$9,692,298
SPGI	S&P Global Inc.	16,400	$8,108,302
ADP	Automatic Data Processing Inc	28,000	$7,202,440
UNP	Union Pacific Corp	31,000	$7,170,920
MELI	Mercadolibre Inc	3,200	$6,445,632
EOG	Eog Resources Inc	51,700	$5,429,017
SCHW	Schwab Charles Corp	51,100	$5,105,401
HASI	HA Sustainable Infrastructure Capital, Inc.	159,900	$5,025,657
VLO	Valero Energy Corp/Tx	29,800	$4,851,142
CF	CF Industries Holdings, Inc.	51,700	$3,998,478
EXPE	Expedia Group, Inc.	13,700	$3,881,347
UBER	Uber Technologies, Inc	46,000	$3,758,660
CVX	Chevron Corp	21,600	$3,292,056
BAC	Bank Of America Corp /De/	51,300	$2,821,500
URI	United Rentals, Inc.	3,200	$2,589,824
COP	Conocophillips	27,500	$2,574,275
AR	ANTERO RESOURCES Corp	74,000	$2,550,040
WYNN	Wynn Resorts Ltd	21,000	$2,526,930
PSX	Phillips 66	17,000	$2,193,680
MTCH	Match Group, Inc.	53,800	$1,737,202
NFLX	Netflix Inc	17,000	$1,593,920
MA	Mastercard Inc	1,400	$799,232
EZPW	Ezcorp Inc	34,000	$660,280
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

58 positions · $2,086,764,533 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 58 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GLD	Spdr Gold Trust	Added	868,500	+510,500	$373,706,865	+163.4%	17.91%
NEE	Nextera Energy Inc Utilities	Reduced	2,570,997	-15,897	$238,794,201	+15.0%	11.44%
SO	Southern Co Utilities	Added	1,031,075	+26,446	$99,519,359	+13.6%	4.77%
HPE	Hewlett Packard Enterprise Co Technology	Added	3,520,304	+474,199	$83,818,438	+14.6%	4.02%
ALB	Albemarle Corp Basic Materials	Reduced	455,011	-160,646	$81,688,124	−6.2%	3.91%
ORCL	Oracle Corp Technology	NEW	521,983	NEW	$76,788,919	NEW	3.68%
PCG	PG&E Corp Utilities	Reduced	4,118,073	-523,323	$72,354,542	−3.0%	3.47%
NBIS	Nebius Group N.V. Communication Services	Added	674,387	+27,287	$69,974,395	+29.2%	3.35%
PPL	PPL Corp Utilities	NEW	1,775,000	NEW	$67,805,000	NEW	3.25%
BA	Boeing Co Industrials	Reduced	310,800	-200,476	$61,858,524	−44.3%	2.96%
MCHP	Microchip Technology Inc Technology	Added	817,800	+237,000	$52,838,058	+42.8%	2.53%
CRWV	CoreWeave, Inc. Technology	NEW	550,000	NEW	$42,608,500	NEW	2.04%
RDDT	Reddit, Inc. Communication Services	NEW	311,200	NEW	$41,903,080	NEW	2.01%
AKAM	Akamai Technologies Inc Technology	Reduced	344,200	-35,800	$39,531,370	+19.2%	1.89%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	295,000	+12,100	$37,010,700	−10.7%	1.77%
LYV	Live Nation Entertainment, Inc. Communication Services	Added	237,000	+40,000	$36,144,870	+28.8%	1.73%
UGI	Ugi Corp /Pa/ Utilities	Reduced	976,500	-379,000	$35,564,130	−29.9%	1.70%
ON	On Semiconductor Corp Technology	Added	547,834	+245,909	$33,921,881	+107.5%	1.63%
ARES	Ares Management Corp Financial Services	Reduced	307,000	-88,500	$33,493,700	−47.6%	1.61%
GPN	Global Payments Inc Industrials	Added	493,700	+91,400	$33,226,010	+6.7%	1.59%
USO	United States Oil Fund, LP	NEW	254,900	NEW	$32,436,025	NEW	1.55%
NOVT	Novanta Inc Technology	Added	231,600	+133,300	$27,354,276	+133.9%	1.31%
STWD	Starwood Property Trust, Inc. Real Estate	Added	1,566,893	+376,493	$26,981,897	+25.9%	1.29%
FE	Firstenergy Corp Utilities	Reduced	504,900	-168,300	$25,578,234	−15.1%	1.23%
TTEK	Tetra Tech Inc Industrials	Added	829,561	+21,937	$24,986,377	−7.8%	1.20%
FLR	Fluor Corp Industrials	Added	505,644	+11,600	$23,588,292	+20.5%	1.13%
ENOV	Enovis CORP Healthcare	Added	998,600	+500,300	$22,718,150	+71.1%	1.09%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Added	289,600	+166,900	$21,343,520	+194.4%	1.02%
O	Realty Income Corp Real Estate	Added	312,554	+149,954	$19,122,053	+108.6%	0.92%
WGO	Winnebago Industries Inc Consumer Cyclical	Added	587,300	+287,300	$18,200,427	+49.7%	0.87%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Added	54,824	+23,367	$18,139,616	+45.0%	0.87%
AEIS	Advanced Energy Industries Inc Industrials	Reduced	56,000	-200	$18,071,760	+53.6%	0.87%
ITRI	Itron, Inc. Technology	Reduced	185,300	-9,000	$16,608,439	−7.9%	0.80%
BL	Blackline, Inc. Technology	Added	440,200	+33,970	$16,287,400	−27.5%	0.78%
ZTO	ZTO Express (Cayman) Inc. Industrials	NEW	631,906	NEW	$15,905,074	NEW	0.76%
EVRG	Evergy, Inc. Utilities	Added	185,000	+55,000	$15,155,200	+60.8%	0.73%
NET	Cloudflare, Inc. Technology	Added	70,278	+13,780	$14,501,162	+30.2%	0.69%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	193,600	+7,700	$14,376,736	+1.1%	0.69%
W	Wayfair Inc. Consumer Cyclical	Added	189,539	+155,017	$14,255,228	+311.2%	0.68%
WEC	Wec Energy Group, Inc. Utilities	Reduced	115,000	-5,154	$13,313,550	+5.1%	0.64%
LCID	Lucid Group, Inc. Consumer Cyclical	Added	1,387,010	+443,013	$13,218,205	+32.5%	0.63%
SYNA	SYNAPTICS Inc Technology	Added	179,622	+30,205	$12,580,724	+13.8%	0.60%
OSIS	Osi Systems Inc Technology	Added	37,900	+15,900	$10,062,829	+79.3%	0.48%
JAZZ	Jazz Pharmaceuticals plc Healthcare	NEW	53,000	NEW	$10,019,650	NEW	0.48%
GH	Guardant Health, Inc. Healthcare	NEW	100,000	NEW	$9,237,000	NEW	0.44%
FOUR	Shift4 Payments, Inc. Technology	Added	197,400	+97,400	$8,632,302	+37.1%	0.41%
IREN	IREN Ltd Financial Services	NEW	176,466	NEW	$6,049,254	NEW	0.29%
APO	Apollo Global Management, Inc. Financial Services	NEW	7,000	NEW	$779,940	NEW	0.04%
BX	Blackstone Inc. Financial Services	NEW	6,000	NEW	$689,940	NEW	0.03%
CG	Carlyle Group Inc. Financial Services	NEW	14,000	NEW	$677,460	NEW	0.03%