Nutshell Asset Management Ltd

CIK

2021442

Location

LONDON, X0

Portfolio Value

Small $175,327,808

Diversification

Diversified

Filing Date

Global Rank

#4,479 / 8,603 ▼ 520 · as of Mar 2026

Top Industry

Semiconductors 18.6%

3Y Alpha vs SPY

-5.7%

Period ended 3 months ago

Filed May 14, 2026 · 56d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

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

Cloned portfolio

+18.6%

SPY

+24.0%

Annualised alpha

-3.7%

Max drawdown

−18.6%

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

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

Top Position

10.9%

−0.5 pts

Top 5

44.2%

+4.0 pts

Top 10

71.0%

+5.2 pts

HHI

601

Diversified+54

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	67.3%	$118,043,679	15
Financial Services	19.0%	$33,342,104	6
Healthcare	6.6%	$11,492,957	2
Consumer Cyclical	4.1%	$7,147,959	5
Communication Services	1.9%	$3,266,394	1
Industrials	0.6%	$1,024,650	1
Unclassified	0.6%	$1,010,065	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
TW	Tradeweb Markets Inc.	+21,162	69,619	$8,191,371
APH	Amphenol Corp /De/	+20,976	122,218	$15,442,244
ADBE	Adobe Inc.	+17,989	52,751	$12,822,713
MSFT	Microsoft Corp	+11,048	38,868	$14,387,767
INTU	Intuit Inc.	+8,390	12,690	$5,486,902
DPZ	Dominos Pizza Inc	+1,200	8,000	$2,870,320
MA	Mastercard Inc	+180	31,543	$15,760,775
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
FTNT	Fortinet, Inc.	−196,924	143,781	$11,749,783
ORLY	O Reilly Automotive Inc	−50,503	11,912	$1,099,596
V	Visa Inc.	−29,475	9,800	$2,961,952
GOOGL	Alphabet Inc.	−26,550	11,359	$3,266,394
CHKP	Check Point Software Technologies Ltd	−23,489	7,144	$1,020,520
NVDA	Nvidia Corp	−16,284	109,329	$19,066,977
MSCI	MSCI Inc.	−12,678	7,930	$4,274,349
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−12,599	25,780	$8,712,351
ROL	Rollins Inc	−10,000	37,000	$1,976,170
ADP	Automatic Data Processing Inc	−8,900	16,407	$3,333,574
VRSN	Verisign Inc/Ca	−7,900	4,100	$1,018,276
AZO	Autozone Inc	−1,894	309	$1,043,734
BKNG	Booking Holdings Inc.	−319	939	$158,139
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
ANET	Arista Networks, Inc.	82,300	$10,104,794
RMD	Resmed Inc	36,430	$8,177,806
FICO	Fair Isaac Corp	5,150	$5,497,831
AVGO	Broadcom Inc.	15,000	$4,642,650
QLYS	Qualys, Inc.	40,644	$3,570,575
IDXX	Idexx Laboratories Inc /De	5,900	$3,315,151
AAPL	Apple Inc.	4,676	$1,186,722
MCO	Moodys Corp /De/	2,630	$1,147,337
VRSK	Verisk Analytics, Inc.	5,400	$1,024,650
QQQ	Invesco Qqq Trust, Series 1	1,750	$1,010,065
BRK-B	Berkshire Hathaway Inc	2,100	$1,006,320
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
PYPL	PayPal Holdings, Inc.	118,718	$6,930,756
ZTS	Zoetis Inc.	52,316	$6,582,399
FDS	Factset Research Systems Inc	13,000	$3,772,470
XP	XP Inc.	200,000	$3,274,000
COKE	Coca-Cola Consolidated, Inc.	19,000	$2,912,700
MANH	Manhattan Associates Inc	16,500	$2,859,615
TXN	Texas Instruments Inc	16,400	$2,845,236
PAYX	Paychex Inc	25,300	$2,838,154
CALM	Cal-Maine Foods Inc	35,484	$2,823,461
MTD	Mettler Toledo International Inc/	2,000	$2,788,379
AXP	American Express Co	3,900	$1,442,805
KLAC	Kla Corp	2,300	$279,468
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 positions · $175,327,808 total · as of Mar 31, 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	Reduced	109,329	-16,284	$19,066,977	−18.6%	10.88%
MA	Mastercard Inc Financial Services	Added	31,543	+180	$15,760,775	−12.0%	8.99%
APH	Amphenol Corp /De/ Technology	Added	122,218	+20,976	$15,442,244	+12.9%	8.81%
MSFT	Microsoft Corp Technology	Added	38,868	+11,048	$14,387,767	+6.9%	8.21%
ADBE	Adobe Inc. Technology	Added	52,751	+17,989	$12,822,713	+5.4%	7.31%
FTNT	Fortinet, Inc. Technology	Reduced	143,781	-196,924	$11,749,783	−56.6%	6.70%
ANET	Arista Networks, Inc. Technology	NEW	82,300	NEW	$10,104,794	NEW	5.76%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	25,780	-12,599	$8,712,351	−25.3%	4.97%
TW	Tradeweb Markets Inc. Financial Services	Added	69,619	+21,162	$8,191,371	+57.2%	4.67%
RMD	Resmed Inc Healthcare	NEW	36,430	NEW	$8,177,806	NEW	4.66%
FICO	Fair Isaac Corp Technology	NEW	5,150	NEW	$5,497,831	NEW	3.14%
INTU	Intuit Inc. Technology	Added	12,690	+8,390	$5,486,902	+92.6%	3.13%
AVGO	Broadcom Inc. Technology	NEW	15,000	NEW	$4,642,650	NEW	2.65%
MSCI	MSCI Inc. Financial Services	Reduced	7,930	-12,678	$4,274,349	−63.8%	2.44%
QLYS	Qualys, Inc. Technology	NEW	40,644	NEW	$3,570,575	NEW	2.04%
ADP	Automatic Data Processing Inc Technology	Reduced	16,407	-8,900	$3,333,574	−48.8%	1.90%
IDXX	Idexx Laboratories Inc /De Healthcare	NEW	5,900	NEW	$3,315,151	NEW	1.89%
GOOGL	Alphabet Inc. Communication Services	Reduced	11,359	-26,550	$3,266,394	−72.5%	1.86%
V	Visa Inc. Financial Services	Reduced	9,800	-29,475	$2,961,952	−78.5%	1.69%
DPZ	Dominos Pizza Inc Consumer Cyclical	Added	8,000	+1,200	$2,870,320	+1.3%	1.64%
ROL	Rollins Inc Consumer Cyclical	Reduced	37,000	-10,000	$1,976,170	−29.9%	1.13%
AAPL	Apple Inc. Technology	NEW	4,676	NEW	$1,186,722	NEW	0.68%
MCO	Moodys Corp /De/ Financial Services	NEW	2,630	NEW	$1,147,337	NEW	0.65%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	11,912	-50,503	$1,099,596	−80.7%	0.63%
AZO	Autozone Inc Consumer Cyclical	Reduced	309	-1,894	$1,043,734	−86.0%	0.60%
VRSK	Verisk Analytics, Inc. Industrials	NEW	5,400	NEW	$1,024,650	NEW	0.58%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	7,144	-23,489	$1,020,520	−82.0%	0.58%
VRSN	Verisign Inc/Ca Technology	Reduced	4,100	-7,900	$1,018,276	−65.1%	0.58%
QQQ	Invesco Qqq Trust, Series 1	NEW	1,750	NEW	$1,010,065	NEW	0.58%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	2,100	NEW	$1,006,320	NEW	0.57%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	939	-319	$158,139	−41.3%	0.09%