In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), CIBRA Capital Ltd reported 24 stock positions worth $287.1 million . Its top holding was Intra-Cellular Therapies (ITCI) at 19.1% of the portfolio, followed by Kellanova (K, 12.9% ) and Berry Global (BERY, 10.3% ). Compared with Q4 2024, it opened 13 new positions, sold out of 9, added to 6 and reduced 3. The biggest buy was a new position in Intra-Cellular Therapies (ITCI) and the biggest sale an exit from Smartsheet Class A (SMAR).
Location LONDON, X0
CIK 0002060725
Portfolio Value $287.1M (Q1 2025) Holdings 24 stocks · $287.1M Holdings quarter Q1 2026 Q4 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 ITCI Intra-Cellular Therapies Inc. 416,218 $54.9M New K Kellanova 449,664 $37.1M Add +21.4% BERY Berry Global Group Inc. 424,699 $29.6M Add +316.6% HES Hess Corp. 173,658 $27.7M Add +61.3% DESP Despegar.com Corp. 1,339,848 $25.2M New FYBR Frontier Communications Pare 585,037 $21.0M Add +68.9% AMED Amedisys Inc. 216,775 $20.1M Add +359.7% FNA Paragon 28 Inc. 931,679 $12.2M New SPR Spirit Aerosystems Hold Class A 347,849 $12.0M New DNB Dun & Bradstreet Holdings Inc. 939,034 $8.4M New ATSG Air Transport Services Group 313,360 $7.0M Reduce -6.7% CMRX Chimerix Inc. 731,699 $6.2M New AGS Playags Inc. 391,057 $4.7M No change AZEK The Azek Co. Inc. 90,850 $4.4M New OMC Omnicom Group 44,085 $3.7M New DFS Discover Financial Services 16,658 $2.8M Reduce -40.6% JNPR Juniper Networks Inc. 64,521 $2.3M Add +133.6% SWTX Springworks Therapeutics Inc. 37,543 $1.7M New EVRI Everi Holdings Inc. 100,000 $1.4M No change SGRY Surgery Partners Inc. 57,117 $1.4M New RDFN Redfin Corp. 143,533 $1.3M New HEES H&E Equipment Services Inc. 10,200 $967K New RNW Renew Energy Global PLC-A 148,759 $876K New X United States Steel Corp. 2,327 $98K Reduce -84.5%
Options reported separately and not counted above: BECN puts ($5.6M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q1 2026 Q4 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ SMAR Smartsheet Inc. Class A Sold out 0.00% −18.11 MTTR Matterport Inc. Sold out 0.00% −3.54 ALTM Arcadium Lithium PLC Sold out 0.00% −3.20 ATSG Air Transport Services Group Reduce -6.7% 2.45% −3.13 DFS Discover Financial Services Reduce -40.6% 0.99% −2.68 RVNC Revance Therapeutics Inc. Sold out 0.00% −2.62 SLB SLB Ltd. Sold out 0.00% −2.42 ZUO Zuora Inc. Class A Sold out 0.00% −1.57 ROIC Retail Opportunity Investmen Sold out 0.00% −1.52 SUM Summit Materials Inc. Class A Sold out 0.00% −0.75 PSTX Poseida Therapeutics Inc. Sold out 0.00% −0.69 X United States Steel Corp. Reduce -84.5% 0.03% −0.35
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q1 2026 Q4 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ ITCI Intra-Cellular Therapies Inc. New 19.13% +19.13 DESP Despegar.com Corp. New 8.77% +8.77 BERY Berry Global Group Inc. Add +316.6% 10.33% +5.35 FNA Paragon 28 Inc. New 4.24% +4.24 SPR Spirit Aerosystems Hold Class A New 4.18% +4.18 AMED Amedisys Inc. Add +359.7% 6.99% +3.76 DNB Dun & Bradstreet Holdings Inc. New 2.92% +2.92 CMRX Chimerix Inc. New 2.17% +2.17 AZEK The Azek Co. Inc. New 1.55% +1.55 OMC Omnicom Group New 1.27% +1.27 SWTX Springworks Therapeutics Inc. New 0.58% +0.58 SGRY Surgery Partners Inc. New 0.47% +0.47 RDFN Redfin Corp. New 0.46% +0.46 HEES H&E Equipment Services Inc. New 0.34% +0.34 RNW Renew Energy Global PLC-A New 0.31% +0.31 JNPR Juniper Networks Inc. Add +133.6% 0.81% +0.03 HES Hess Corp. Add +61.3% 9.66% −1.16 FYBR Frontier Communications Pare Add +68.9% 7.31% −1.77 K Kellanova Add +21.4% 12.92% −9.73
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ CVX Chevron Corp. call Sold out 78,000 $11.3Mbefore exit BECN Beacon Roofing Supply Inc. put New 45,000 $5.6M ACI Albertsons Cos Inc. Class A call Sold out 75,000 $1.5Mbefore exit JNPR Juniper Networks Inc. put Sold out 28,000 $1.0Mbefore exit X United States Steel Corp. put Sold out 15,000 $510Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q1 2026 25 $207.2M FOLD, SEE, TXNM, MASI, HOLX Q4 2025 18 $58.2M CFLT, NSC, CYBR, EA, GTLS Q1 2025 24 $287.1M ITCI, K, BERY, HES, DESP Q4 2024 20 $132.4M K, SMAR, HES, FYBR, ATSG