Nutshell Asset Management Ltd

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
34
Total value ($000)
$280,510
Net value change ($000)
+70,889 (33.8%)
New positions
15
Sold out positions
7
Turnover %
33.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 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)
APH 13,682 NEW
NVDA 8,261 54.5%
V 7,851 132.6%
FTNT 7,054 35.3%
PYPL 6,931 NEW
ZTS 6,582 NEW
TSM 6,473 124.7%
AZO 4,313 136.6%
CHKP 3,822 205.3%
FDS 3,772 NEW
Top Reduces (Value $000, Stocks/ETFs)
MEDP -9,621 -100.0%
META -5,100 -100.0%
ADP -4,875 -42.8%
TW -4,772 -47.8%
CPRT -4,060 -100.0%
ACN -3,514 -100.0%
FISV -3,417 -100.0%
JKHY -2,949 -100.0%
DECK -2,078 -100.0%
ADBE -1,861 -13.3%
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.
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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