Nutshell Asset Management Ltd

Q3 2025 13F-HR Holdings

Location
Sevenoaks, X0
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
26
Total value ($000)
$209,621
Net value change ($000)
+41,591 (24.8%)
New positions
7
Sold out positions
5
Turnover %
16.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/13/2026 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)
MA 9,536 110.4%
ADP 9,072 392.2%
TW 6,520 188.3%
NVDA 6,278 70.6%
FTNT 6,231 45.3%
MSFT 4,162 68.5%
V 3,615 156.6%
ACN 3,514 NEW
CALM 3,416 NEW
BKNG 3,310 NEW
Top Reduces (Value $000, Stocks/ETFs)
AZO -4,534 -58.9%
ANET -4,399 -100.0%
TSM -3,907 -42.9%
PYPL -3,575 -100.0%
IDXX -3,338 -100.0%
MEDP -3,225 -25.1%
LULU -3,089 -100.0%
AMGN -1,843 -100.0%
MSCI -31 -0.4%
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