Immersion Capital LLP

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
10
Total value ($000)
$69,119
Net value change ($000)
-28,062 (-28.9%)
New positions
0
Sold out positions
1
Turnover %
8.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — 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)
ELV 1,784 54.7%
UNH 828 25.5%
Top Reduces (Value $000, Stocks/ETFs)
BLK -6,931 -33.9%
HDB -5,685 -100.0%
RYAAY -5,649 -33.4%
HEI -4,867 -28.4%
V -4,519 -26.0%
CNI -1,239 -24.5%
BP -925 -27.3%
CNQ -651 -23.7%
TBBB -210 -10.8%
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