Gladstone Capital Management LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Gladstone Capital Management LLP reported 28 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 14.9% of the portfolio, followed by Arch Capital (ACGL, 10.3%) and Philip Morris International (PM, 8.9%). Compared with Q3 2024, it opened 11 new positions, sold out of 5, added to 5 and reduced 10. The biggest buy was Apple (AAPL, shares +190%) and the biggest sale Alphabet Class A (GOOGL, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001353394
- Portfolio Value
- $1.2B (Q4 2024)
- SEC Filing
- 0001353394-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 28 stocks · $1.2B
| AAPL Apple Inc. | 14.88% | 713,037 | $178.6M | Add +190.3% |
| ACGL Arch Capital Group Ltd. | 10.30% | 1,338,272 | $123.6M | Add +7.3% |
| PM Philip Morris International | 8.86% | 883,473 | $106.3M | Reduce -4.1% |
| MSFT Microsoft Corp. | 8.59% | 244,635 | $103.1M | Reduce -26.2% |
| AMZN Amazon.com Inc. | 7.13% | 390,046 | $85.6M | Add +58465.5% |
| XYZ Block Inc. | 6.99% | 987,806 | $84.0M | Add +240.8% |
| META Meta Platforms Inc. Class A | 6.40% | 131,300 | $76.9M | New |
| GE General Electric filed as GE AEROSPACE | 6.19% | 445,442 | $74.3M | Reduce -26.4% |
| ETN Eaton Corp. PLC | 6.10% | 220,536 | $73.2M | New |
| ANET Arista Networks Inc. | 5.72% | 621,456 | $68.7M | Add +30972.8% |
| TW Tradeweb Markets Inc. Class A | 4.41% | 404,586 | $53.0M | New |
| CBRE CBRE Group Inc. Class A | 3.66% | 335,045 | $44.0M | New |
| ICE Intercontinental Exchange Inc. | 3.60% | 290,116 | $43.2M | New |
| WMT Walmart Inc. | 2.78% | 368,974 | $33.3M | New |
| LLY Eli Lilly & Co. | 1.51% | 23,500 | $18.1M | New |
| AVGO Broadcom Inc. | 1.14% | 59,200 | $13.7M | New |
| FCNCA First Citizens Bcshs Class A | 0.77% | 4,380 | $9.3M | Reduce -80.2% |
| GEV GE Vernova Inc. | 0.38% | 14,011 | $4.6M | Reduce -94.8% |
| CIEN Ciena Corp. | 0.19% | 27,100 | $2.3M | New |
| CEG Constellation Energy | 0.13% | 7,200 | $1.6M | New |
| GOOGL Alphabet Inc. Class A | 0.10% | 6,438 | $1.2M | Reduce -99.3% |
| LULU Lululemon Athletica Inc. | 0.10% | 3,100 | $1.2M | New |
| TSLA Tesla Inc. | 0.03% | 814 | $329K | Reduce -99.6% |
| NVDA Nvidia Corp. | 0.01% | 1,000 | $134K | Reduce -99.8% |
| COO The Cooper Cos Inc. | 0.01% | 1,000 | $92K | Reduce -99.9% |
| BABA Alibaba Group Holding-SP ADR | 0.01% | 1,000 | $85K | Reduce -99.8% |
| KEY Keycorp | 0.00% | 698 | $12K | No change |
| DFS Discover Financial Services | 0.00% | 49 | $8K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Reduce -99.3% | 0.10% | −12.08 |
| COO The Cooper Cos Inc. | Reduce -99.9% | 0.01% | −7.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -99.8% | 0.01% | −6.00 |
| GEV GE Vernova Inc. | Reduce -94.8% | 0.38% | −5.40 |
| NVDA Nvidia Corp. | Reduce -99.8% | 0.01% | −4.98 |
| TSLA Tesla Inc. | Reduce -99.6% | 0.03% | −4.22 |
| GE General Electric | Reduce -26.4% | 6.19% | −3.42 |
| MSFT Microsoft Corp. | Reduce -26.2% | 8.59% | −3.41 |
| FCNCA First Citizens Bcshs Class A | Reduce -80.2% | 0.77% | −2.65 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −2.37 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −2.26 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.89 |
| PM Philip Morris International | Reduce -4.1% | 8.86% | −0.55 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.46 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +190.3% | 14.88% | +10.06 |
| AMZN Amazon.com Inc. | Add +58465.5% | 7.13% | +7.12 |
| META Meta Platforms Inc. Class A | New | 6.40% | +6.40 |
| ETN Eaton Corp. PLC | New | 6.10% | +6.10 |
| ANET Arista Networks Inc. | Add +30972.8% | 5.72% | +5.71 |
| XYZ Block Inc. | Add +240.8% | 6.99% | +5.36 |
| TW Tradeweb Markets Inc. Class A | New | 4.41% | +4.41 |
| CBRE CBRE Group Inc. Class A | New | 3.66% | +3.66 |
| ICE Intercontinental Exchange Inc. | New | 3.60% | +3.60 |
| WMT Walmart Inc. | New | 2.78% | +2.78 |
| LLY Eli Lilly & Co. | New | 1.51% | +1.51 |
| AVGO Broadcom Inc. | New | 1.14% | +1.14 |
| CIEN Ciena Corp. | New | 0.19% | +0.19 |
| CEG Constellation Energy | New | 0.13% | +0.13 |
| LULU Lululemon Athletica Inc. | New | 0.10% | +0.10 |
| ACGL Arch Capital Group Ltd. | Add +7.3% | 10.30% | −1.45 |
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 |