Gladstone Capital Management LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Gladstone Capital Management LLP reported 19 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 15.0% of the portfolio, followed by Arch Capital (ACGL, 12.6%) and Alphabet Class A (GOOGL, 11.4%). Compared with Q4 2023, it opened 10 new positions, sold out of 5, added to 4 and reduced 5. The biggest buy was Nvidia (NVDA, shares +781%) and the biggest sale Alphabet Class A (GOOGL, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001353394
- Portfolio Value
- $1.0B (Q1 2024)
- SEC Filing
- 0001172661-24-002355 ↗ filed May 15, 2024
Holdings Value
Holdings 19 stocks · $1.0B
| MSFT Microsoft Corp. | 15.04% | 361,104 | $151.9M | Add +26.9% |
| ACGL Arch Capital Group Ltd. | 12.65% | 1,382,226 | $127.8M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 11.43% | 765,064 | $115.5M | Reduce -39.7% |
| XYZ Block Inc. | 9.71% | 1,160,081 | $98.1M | Reduce -32.0% |
| MDB Mongodb Inc. | 7.87% | 221,574 | $79.5M | Add +30.5% |
| NVDA Nvidia Corp. | 7.55% | 84,428 | $76.3M | Add +780.6% |
| UNP Union Pacific Corp. | 7.32% | 300,567 | $73.9M | Add +48.6% |
| AMZN Amazon.com Inc. | 6.92% | 387,700 | $69.9M | New |
| ANET Arista Networks Inc. | 6.71% | 233,600 | $67.7M | New |
| FCNCA First Citizens Bcshs Class A | 3.76% | 23,216 | $38.0M | Reduce -11.8% |
| DLR Digital Realty Trust Inc. | 3.58% | 251,333 | $36.2M | Reduce -67.4% |
| DFS Discover Financial Services | 2.52% | 194,115 | $25.4M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.22% | 1,877,988 | $22.4M | New |
| UBER Uber Technologies Inc. | 0.97% | 127,720 | $9.8M | New |
| GE General Electric | 0.74% | 42,362 | $7.4M | New |
| H Hyatt Hotels Corp. Class A | 0.70% | 44,300 | $7.1M | New |
| COIN Coinbase Global Inc. Class A | 0.20% | 7,800 | $2.1M | New |
| BABA Alibaba Group Holding-SP ADR | 0.08% | 11,800 | $854K | New |
| LULU Lululemon Athletica Inc. | 0.02% | 600 | $234K | New |
Portfolio Sells Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Reduce -39.7% | 11.43% | −9.33 |
| DLR Digital Realty Trust Inc. | Reduce -67.4% | 3.58% | −8.56 |
| XYZ Block Inc. | Reduce -32.0% | 9.71% | −5.76 |
| AON Aon PLC Class A | Sold out | 0.00% | −5.34 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −1.47 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.84 |
| FCNCA First Citizens Bcshs Class A | Reduce -11.8% | 3.76% | −0.62 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.45 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.04 |
| ACGL Arch Capital Group Ltd. | Reduce -0.2% | 12.65% | +0.59 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +780.6% | 7.55% | +7.00 |
| AMZN Amazon.com Inc. | New | 6.92% | +6.92 |
| ANET Arista Networks Inc. | New | 6.71% | +6.71 |
| DFS Discover Financial Services | New | 2.52% | +2.52 |
| MSFT Microsoft Corp. | Add +26.9% | 15.04% | +2.50 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 2.22% | +2.22 |
| UNP Union Pacific Corp. | Add +48.6% | 7.32% | +1.50 |
| UBER Uber Technologies Inc. | New | 0.97% | +0.97 |
| GE General Electric | New | 0.74% | +0.74 |
| H Hyatt Hotels Corp. Class A | New | 0.70% | +0.70 |
| COIN Coinbase Global Inc. Class A | New | 0.20% | +0.20 |
| BABA Alibaba Group Holding-SP ADR | New | 0.08% | +0.08 |
| LULU Lululemon Athletica Inc. | New | 0.02% | +0.02 |
| MDB Mongodb Inc. | Add +30.5% | 7.87% | −0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $1.0B | GOOGL, PWR, V, RTX, PM |
| Q1 2026 | 32 | $995.9M | GOOGL, PWR, RTX, MSFT, APG |
| Q4 2025 | 28 | $969.3M | GOOGL, RTX, MSFT, APG, PWR |
| Q3 2025 | 23 | $915.5M | GOOGL, MSFT, PM, RTX, AVGO |
| Q2 2025 | 22 | $969.2M | PM, ICE, ACGL, META, AMZN |
| Q1 2025 | 24 | $971.2M | META, ACGL, PM, ICE, AMZN |
| Q4 2024 | 28 | $1.2B | AAPL, ACGL, PM, MSFT, AMZN |
| Q3 2024 | 22 | $1.2B | GOOGL, MSFT, ACGL, GE, PM |
| Q2 2024 | 18 | $1.1B | GOOGL, MSFT, ACGL, AMZN, GE |
| Q1 2024 | 19 | $1.0B | MSFT, ACGL, GOOGL, XYZ, MDB |