Cardano Risk Management B.V.

Q4 2025 13F-HR Holdings

Location
Rotterdam, P7
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
35
Total value ($000)
$9,890,533
Net value change ($000)
+476,527 (5.1%)
New positions
4
Sold out positions
1
Turnover %
5.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/7/2025 Next filing: 4/20/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
LRCX 116,069 NEW
CISCO SYSTEMS 103,285 NEW
GOOGL 101,742 22.4%
MRK 101,253 NEW
AMD 100,078 NEW
GOOGL 85,020 23.0%
LLY 69,591 37.5%
AAPL 62,271 5.8%
PLD 26,369 22.5%
AVGO 18,527 4.4%
Top Reduces (Value $000, Stocks/ETFs)
CSCO -96,872 -100.0%
MSFT -70,598 -5.8%
FISV -51,722 -100.0%
ORCL -45,611 -31.9%
NFLX -39,594 -23.7%
NOW -21,129 -21.9%
HD -19,902 -14.9%
COST -10,130 -6.2%
MA -8,395 -3.5%
ADP -7,935 -8.0%
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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type