Ampersand Capital Group, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ampersand Capital Group, L.P. reported 7 stock positions worth $144.9 million. Its top holding was MercadoLibre (MELI) at 20.3% of the portfolio, followed by Global-E Online (GLBE, 16.8%) and PTC (PTC, 16.0%). Compared with Q4 2024, it added to 2 and reduced 1. The biggest buy was PTC (PTC, shares +168%) and the biggest sale Booking (BKNG, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGAME, CA
- CIK
- 0002059671
- Portfolio Value
- $144.9M (Q1 2025)
- SEC Filing
- 0002059671-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 7 stocks · $144.9M
| MELI MercadoLibre Inc. | 20.32% | 15,091 | $29.4M | No change |
| GLBE Global-E Online Ltd. | 16.81% | 683,265 | $24.4M | Add +27.5% |
| PTC PTC Inc. | 16.04% | 149,930 | $23.2M | Add +168.2% |
| DASH DoorDash Inc. Class A | 14.69% | 116,418 | $21.3M | No change |
| SHOP Shopify Inc. Class A | 11.54% | 175,013 | $16.7M | No change |
| AXON Axon Enterprise Inc. | 11.38% | 31,342 | $16.5M | No change |
| BKNG Booking Holdings Inc. | 9.22% | 2,900 | $13.4M | Reduce -47.3% |
Portfolio Sells Q4 2024 → Q1 2025
| BKNG Booking Holdings Inc. | Reduce -47.3% | 9.22% | −9.09 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $221.7M | GLBE, MELI, DASH, AXON, SHOP |
| Q1 2026 | 7 | $182.8M | GLBE, MELI, PTC, SHOP, DASH |
| Q4 2025 | 7 | $224.3M | GLBE, MELI, PTC, SHOP, DASH |
| Q3 2025 | 7 | $222.0M | GLBE, MELI, PTC, DASH, SHOP |
| Q2 2025 | 7 | $201.0M | MELI, GLBE, PTC, DASH, SHOP |
| Q1 2025 | 7 | $144.9M | MELI, GLBE, PTC, DASH, SHOP |
| Q4 2024 | 7 | $149.3M | GLBE, BKNG, MELI, DASH, AXON |