Ampersand Capital Group, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Ampersand Capital Group, L.P. reported 7 stock positions worth $224.3 million. Its top holding was Global-E Online (GLBE) at 22.2% of the portfolio, followed by MercadoLibre (MELI, 18.6%) and PTC (PTC, 15.0%). Compared with Q3 2025, it added to 4. The biggest buy was Global-E Online (GLBE, shares +2%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGAME, CA
- CIK
- 0002059671
- Portfolio Value
- $224.3M (Q4 2025)
- SEC Filing
- 0002059671-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 7 stocks · $224.3M
| GLBE Global-E Online Ltd. | 22.17% | 1,264,906 | $49.7M | Add +2.0% |
| MELI MercadoLibre Inc. | 18.60% | 20,716 | $41.7M | Add +22.8% |
| PTC PTC Inc. | 15.03% | 193,555 | $33.7M | No change |
| SHOP Shopify Inc. Class A | 13.26% | 184,763 | $29.7M | No change |
| DASH DoorDash Inc. Class A | 12.86% | 127,418 | $28.9M | No change |
| BKNG Booking Holdings Inc. | 9.80% | 4,105 | $22.0M | Add +10.2% |
| AXON Axon Enterprise Inc. | 8.28% | 32,706 | $18.6M | Add +40.8% |
Portfolio Sells Q3 2025 → Q4 2025
| None this quarter. | |||
Portfolio Buys Q3 2025 → Q4 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 |