Gladstone Capital Management LLP

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
23
Total value ($000)
$915,471
Net value change ($000)
-53,708 (-5.5%)
New positions
6
Sold out positions
5
Turnover %
26.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 154,174 NEW
AVGO 95,477 56831.5%
RTX 68,063 201.1%
APG 67,285 NEW
MSFT 43,185 47.1%
CBRE 20,018 203.4%
DASH 14,316 NEW
FIG 861 NEW
TEAM 144 NEW
NOW 138 NEW
Top Reduces (Value $000, Stocks/ETFs)
AMZN -100,532 -100.0%
ICE -86,023 -76.4%
SNOW -83,758 -98.2%
DE -74,869 -99.9%
META -62,160 -58.9%
GE -57,978 -96.9%
ACGL -46,732 -44.0%
COIN -2,550 -100.0%
XYZ -1,662 -3.2%
PM -378 -0.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type