Franchise GP Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), Franchise GP Ltd reported 36 stock positions worth $271.9 million. Its top holding was Nvidia (NVDA) at 20.9% of the portfolio, followed by PDD (PDD, 18.7%) and Circle Internet (CRCL, 15.6%). Compared with Q4 2025, it opened 14 new positions, sold out of 2, added to 7 and reduced 3. The biggest buy was Circle Internet (CRCL, shares +50901%) and the biggest sale an exit from Solana (HSDT).

Most Recent 13F
Q2 2026
Location
GRAND CAYMAN, E9
CIK
0002083646
Portfolio Value
$271.9M (Q1 2026)
SEC Filing
0002083646-26-000003 ↗ filed Apr 16, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q4 2025: $88.8M Q4 2025 Q1 2026: $271.9M $271.9M Q1 2026 Q2 2026: $215.2M Q2 2026

Holdings 36 stocks · $271.9M
NVDA Nvidia Corp. 20.93% 326,370 $56.9M Add +158.3%
PDD PDD Holdings Inc. 18.71% 497,860 $50.9M Add +64.6%
CRCL Circle Internet Group Inc. 15.57% 443,713 $42.3M Add +50901.5%
TSM Taiwan Semiconductor-SP ADR 12.01% 96,680 $32.7M Add +103.6%
PBR Petroleo Brasileiro-Spon ADR 6.50% 852,338 $17.7M New
LITE Lumentum Holdings Inc. 4.95% 19,150 $13.5M New
AVGO Broadcom Inc. 3.91% 34,360 $10.6M New
YB Yuanbao Inc. -ADR 3.46% 533,837 $9.4M Add +700.8%
GOOG Alphabet Inc. Class C 3.35% 31,720 $9.1M Add +82.9%
META Meta Platforms Inc. Class A 1.80% 8,550 $4.9M Add +39.7%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 1.48% 29,330 $4.0M New
VRT Vertiv Holdings Co. Class A 1.16% 12,605 $3.2M New
MU Micron Technology Inc. 1.03% 8,310 $2.8M New
SNDK Sandisk Corp. 1.00% 4,290 $2.7M New
AMD Advanced Micro Devices 0.78% 10,480 $2.1M New
RBLX Roblox Corp. Class A 0.62% 30,000 $1.7M New
PLTR Palantir Technologies Inc. Class A 0.56% 10,400 $1.5M New
TER Teradyne Inc. 0.55% 5,000 $1.5M New
APH Amphenol Corp. Class A 0.54% 11,650 $1.5M New
LLY Eli Lilly & Co. 0.34% 1,000 $920K New
EQIX Equinix Inc. 0.10% 267 $262K No change
PHM Pultegroup Inc. 0.08% 1,960 $231K No change
DLR Digital Realty Trust Inc. 0.08% 1,268 $229K No change
HST Host Hotels & Resorts Inc. 0.08% 11,395 $218K No change
IBIT iShares Bitcoin Trust ETF 0.06% 3,993 $153K No change
DHI D.R. Horton Inc. 0.05% 1,077 $148K No change
ETHA iShares Ethereum Trust ETF 0.04% 7,450 $118K No change
APP AppLovin Corp. Class A 0.04% 277 $110K New
COLD Americold Realty Trust Inc. 0.04% 8,730 $100K Reduce -48.0%
WELL Welltower Inc. 0.03% 449 $89K No change
BMNR Bitmine Immersion Technologi 0.03% 4,400 $87K No change
AHR American Healthcare REIT Inc. 0.03% 1,575 $74K Reduce -38.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 2,296 $63K No change
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.02% 4,000 $60K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.02% 455 $46K No change
VTR Ventas Inc. 0.01% 500 $41K Reduce -54.5%

Portfolio Sells Q4 2025 → Q1 2026
HSDT Solana Co. Sold out 0.00% −3.25
SE Sea Ltd.-ADR Sold out 0.00% −0.61
COLD Americold Realty Trust Inc. Reduce -48.0% 0.04% −0.21
AHR American Healthcare REIT Inc. Reduce -38.8% 0.03% −0.11
VTR Ventas Inc. Reduce -54.5% 0.01% −0.08

Portfolio Buys Q4 2025 → Q1 2026
CRCL Circle Internet Group Inc. Add +50901.5% 15.57% +15.49
PBR Petroleo Brasileiro-Spon ADR New 6.50% +6.50
LITE Lumentum Holdings Inc. New 4.95% +4.95
AVGO Broadcom Inc. New 3.91% +3.91
YB Yuanbao Inc. -ADR Add +700.8% 3.46% +1.94
FUTU Futu Holdings Ltd.-ADR New 1.48% +1.48
VRT Vertiv Holdings Co. Class A New 1.16% +1.16
MU Micron Technology Inc. New 1.03% +1.03
SNDK Sandisk Corp. New 1.00% +1.00
AMD Advanced Micro Devices New 0.78% +0.78
RBLX Roblox Corp. Class A New 0.62% +0.62
PLTR Palantir Technologies Inc. Class A New 0.56% +0.56
TER Teradyne Inc. New 0.55% +0.55
APH Amphenol Corp. Class A New 0.54% +0.54
LLY Eli Lilly & Co. New 0.34% +0.34
APP AppLovin Corp. Class A New 0.04% +0.04
META Meta Platforms Inc. Class A Add +39.7% 1.80% −2.75
GOOG Alphabet Inc. Class C Add +82.9% 3.35% −2.78
TSM Taiwan Semiconductor-SP ADR Add +103.6% 12.01% −4.24
NVDA Nvidia Corp. Add +158.3% 20.93% −5.62
PDD PDD Holdings Inc. Add +64.6% 18.71% −19.93

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 39$215.2MPDD, AMD, TSM, NVDA, YB
Q1 2026 36$271.9MNVDA, PDD, CRCL, TSM, PBR
Q4 2025 24$88.8MPDD, NVDA, TSM, GOOG, META