LECAP ASSET MANAGEMENT LTD

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
277
Total value ($000)
$251,083
Net value change ($000)
-36,600 (-12.7%)
New positions
138
Sold out positions
127
Turnover %
92.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/23/2025 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)
MSI 2,653 NEW
NOW 2,559 NEW
PODD 2,538 NEW
VRSK 2,441 NEW
CART 2,335 NEW
DXCM 2,196 NEW
PHM 2,183 NEW
MEDP 2,124 NEW
CNC 2,118 NEW
ARE 2,006 NEW
Top Reduces (Value $000, Stocks/ETFs)
TXN -2,842 -100.0%
CL -2,837 -100.0%
BR -2,705 -100.0%
QRVO -2,689 -100.0%
CRM -2,471 -100.0%
AIG -2,368 -100.0%
IPG -2,362 -100.0%
NDAQ -2,345 -100.0%
SCHW -2,283 -79.0%
CB -2,197 -100.0%
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