Ampersand Capital Group, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ampersand Capital Group, L.P. reported 7 stock positions worth $222.0 million. Its top holding was Global-E Online (GLBE) at 20.0% of the portfolio, followed by MercadoLibre (MELI, 17.8%) and PTC (PTC, 17.7%). Compared with Q2 2025, it added to 4. The biggest buy was Global-E Online (GLBE, shares +13%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGAME, CA
- CIK
- 0002059671
- Portfolio Value
- $222.0M (Q3 2025)
- SEC Filing
- 0002059671-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $222.0M
| GLBE Global-E Online Ltd. | 19.98% | 1,240,074 | $44.3M | Add +13.0% |
| MELI MercadoLibre Inc. | 17.76% | 16,866 | $39.4M | Add +11.8% |
| PTC PTC Inc. | 17.70% | 193,555 | $39.3M | Add +3.5% |
| DASH DoorDash Inc. Class A | 15.61% | 127,418 | $34.7M | No change |
| SHOP Shopify Inc. Class A | 12.37% | 184,763 | $27.5M | No change |
| BKNG Booking Holdings Inc. | 9.06% | 3,725 | $20.1M | Add +4.9% |
| AXON Axon Enterprise Inc. | 7.51% | 23,227 | $16.7M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 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 |