Nutshell Asset Management Ltd

CIK

2021442

Location

LONDON, X0

Portfolio Value

Small $279,207,486

Diversification

Diversified

Filing Date

Global Rank

#3,769 / 8,517 ▲ 1061

Top Industry

Semiconductors 19.8%

3Y Alpha vs SPY

+38.9%

Period ended 46 days ago

Filed Aug 12, 2026 · 3d

7 quarters · since Dec 2024

Clone Performance

Feb 2025–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

+93.9%

SPY

+27.3%

Annualised alpha

+38.1%

Max drawdown

−17.7%

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 7 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

8.2%

−3.3 pts

Top 5

34.4%

−10.1 pts

Top 10

56.7%

−12.4 pts

HHI

417

Diversified−177

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	51.3%	$143,153,477	20
Financial Services	15.3%	$42,598,078	7
Healthcare	12.2%	$33,959,363	3
Consumer Cyclical	9.7%	$27,080,045	6
Communication Services	8.1%	$22,719,002	4
Unclassified	2.2%	$6,106,921	2
Industrials	1.3%	$3,590,600	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
ROL	Rollins Inc	+214,875	251,875	$10,513,262
ADBE	Adobe Inc.	+53,662	106,413	$21,816,793
INTU	Intuit Inc.	+33,224	45,914	$11,983,554
ORLY	O Reilly Automotive Inc	+28,954	40,866	$3,763,349
IDXX	Idexx Laboratories Inc /De	+19,230	25,130	$13,229,437
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+15,660	41,440	$19,790,500
VRSK	Verisk Analytics, Inc.	+14,600	20,000	$3,590,600
BKNG	Booking Holdings Inc.	+12,836	13,775	$2,455,256
MSCI	MSCI Inc.	+9,081	17,011	$9,526,840
VRSN	Verisign Inc/Ca	+7,700	11,800	$2,968,408
AAPL	Apple Inc.	+7,700	12,376	$3,581,119
BRK-B	Berkshire Hathaway Inc	+5,400	7,500	$3,752,925
NVDA	Nvidia Corp	+5,363	114,692	$22,948,722
MCO	Moodys Corp /De/	+5,300	7,930	$3,591,655
QQQ	Invesco Qqq Trust, Series 1	+3,792	5,542	$4,081,128
DPZ	Dominos Pizza Inc	+2,423	10,423	$3,085,624
AVGO	Broadcom Inc.	+1,898	16,898	$6,383,219
AZO	Autozone Inc	+845	1,154	$3,688,114
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
ANET	Arista Networks, Inc.	−65,298	17,002	$2,888,299
APH	Amphenol Corp /De/	−63,727	58,491	$0
FTNT	Fortinet, Inc.	−57,140	86,641	$13,309,790
TW	Tradeweb Markets Inc.	−20,128	49,491	$4,932,273
MA	Mastercard Inc	−12,589	18,954	$9,734,774
GOOGL	Alphabet Inc.	−4,410	6,949	$2,483,364
ADP	Automatic Data Processing Inc	−3,816	12,591	$2,819,754
MSFT	Microsoft Corp	−2,988	35,880	$13,383,957
FICO	Fair Isaac Corp	−2,588	2,562	$3,061,026
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	251,591	$18,079,329
APP	AppLovin Corp	25,530	$13,153,821
CBOE	Cboe Global Markets, Inc.	30,047	$7,291,505
NFLX	Netflix Inc	61,380	$4,382,532
BRO	Brown & Brown, Inc.	58,739	$3,768,106
ACN	Accenture plc	28,753	$3,578,023
DECK	Deckers Outdoor Corp	36,000	$3,574,440
META	Meta Platforms, Inc.	4,792	$2,699,285
MEDP	Medpace Holdings, Inc.	5,005	$2,650,597
SNDK	Sandisk Corp	1,108	$2,519,292
MU	Micron Technology Inc	2,118	$2,444,786
LITE	Lumentum Holdings Inc.	2,849	$2,444,612
WDC	Western Digital Corp	3,827	$2,444,381
INTC	Intel Corp	17,460	$2,437,939
EXLS	ExlService Holdings, Inc.	90,847	$2,349,303
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
RMD	Resmed Inc	36,430	$8,177,806
QLYS	Qualys, Inc.	40,644	$3,570,575
V	Visa Inc.	9,800	$2,961,952
CHKP	Check Point Software Technologies Ltd	7,144	$1,020,520
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 tracked positions · $279,207,486 total · filing declares 45 positions · $299,835,428 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	114,692	+5,363	$22,948,722	+20.4%	8.22%
ADBE	Adobe Inc. Technology	Added	106,413	+53,662	$21,816,793	+70.1%	7.81%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	41,440	+15,660	$19,790,500	+127.2%	7.09%
ZTS	Zoetis Inc. Healthcare	NEW	251,591	NEW	$18,079,329	NEW	6.48%
MSFT	Microsoft Corp Technology	Reduced	35,880	-2,988	$13,383,957	−7.0%	4.79%
FTNT	Fortinet, Inc. Technology	Reduced	86,641	-57,140	$13,309,790	+13.3%	4.77%
IDXX	Idexx Laboratories Inc /De Healthcare	Added	25,130	+19,230	$13,229,437	+299.1%	4.74%
APP	AppLovin Corp Communication Services	NEW	25,530	NEW	$13,153,821	NEW	4.71%
INTU	Intuit Inc. Technology	Added	45,914	+33,224	$11,983,554	+118.4%	4.29%
ROL	Rollins Inc Consumer Cyclical	Added	251,875	+214,875	$10,513,262	+432.0%	3.77%
MA	Mastercard Inc Financial Services	Reduced	18,954	-12,589	$9,734,774	−38.2%	3.49%
MSCI	MSCI Inc. Financial Services	Added	17,011	+9,081	$9,526,840	+122.9%	3.41%
CBOE	Cboe Global Markets, Inc. Financial Services	NEW	30,047	NEW	$7,291,505	NEW	2.61%
AVGO	Broadcom Inc. Technology	Added	16,898	+1,898	$6,383,219	+37.5%	2.29%
TW	Tradeweb Markets Inc. Financial Services	Reduced	49,491	-20,128	$4,932,273	−39.8%	1.77%
NFLX	Netflix Inc Communication Services	NEW	61,380	NEW	$4,382,532	NEW	1.57%
QQQ	Invesco Qqq Trust, Series 1	Added	5,542	+3,792	$4,081,128	+304.0%	1.46%
BRO	Brown & Brown, Inc. Financial Services	NEW	58,739	NEW	$3,768,106	NEW	1.35%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	40,866	+28,954	$3,763,349	+242.2%	1.35%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,500	+5,400	$3,752,925	+272.9%	1.34%
AZO	Autozone Inc Consumer Cyclical	Added	1,154	+845	$3,688,114	+253.4%	1.32%
MCO	Moodys Corp /De/ Financial Services	Added	7,930	+5,300	$3,591,655	+213.0%	1.29%
VRSK	Verisk Analytics, Inc. Industrials	Added	20,000	+14,600	$3,590,600	+250.4%	1.29%
AAPL	Apple Inc. Technology	Added	12,376	+7,700	$3,581,119	+201.8%	1.28%
ACN	Accenture plc Technology	NEW	28,753	NEW	$3,578,023	NEW	1.28%
DECK	Deckers Outdoor Corp Consumer Cyclical	NEW	36,000	NEW	$3,574,440	NEW	1.28%
DPZ	Dominos Pizza Inc Consumer Cyclical	Added	10,423	+2,423	$3,085,624	+7.5%	1.11%
FICO	Fair Isaac Corp Technology	Reduced	2,562	-2,588	$3,061,026	−44.3%	1.10%
VRSN	Verisign Inc/Ca Technology	Added	11,800	+7,700	$2,968,408	+191.5%	1.06%
ANET	Arista Networks, Inc. Technology	Reduced	17,002	-65,298	$2,888,299	−71.4%	1.03%
ADP	Automatic Data Processing Inc Technology	Reduced	12,591	-3,816	$2,819,754	−15.4%	1.01%
META	Meta Platforms, Inc. Communication Services	NEW	4,792	NEW	$2,699,285	NEW	0.97%
MEDP	Medpace Holdings, Inc. Healthcare	NEW	5,005	NEW	$2,650,597	NEW	0.95%
SNDK	Sandisk Corp Technology	NEW	1,108	NEW	$2,519,292	NEW	0.90%
GOOGL	Alphabet Inc. Communication Services	Reduced	6,949	-4,410	$2,483,364	−24.0%	0.89%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	13,775	+12,836	$2,455,256	−37.9%	0.88%
MU	Micron Technology Inc Technology	NEW	2,118	NEW	$2,444,786	NEW	0.88%
LITE	Lumentum Holdings Inc. Technology	NEW	2,849	NEW	$2,444,612	NEW	0.88%
WDC	Western Digital Corp Technology	NEW	3,827	NEW	$2,444,381	NEW	0.88%
INTC	Intel Corp Technology	NEW	17,460	NEW	$2,437,939	NEW	0.87%
EXLS	ExlService Holdings, Inc. Technology	NEW	90,847	NEW	$2,349,303	NEW	0.84%
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Held	22,106	0	$2,025,793	0.0%	0.73%
APH	Amphenol Corp /De/ Technology	Reduced	58,491	-63,727	$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.