Gladstone Capital Management LLP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Gladstone Capital Management LLP reported 32 stock positions worth $995.9 million. Its top holding was Alphabet Class A (GOOGL) at 18.0% of the portfolio, followed by Quanta Services (PWR, 12.6%) and RTX (RTX, 11.7%). Compared with Q4 2025, it opened 7 new positions, sold out of 3, added to 6 and reduced 12. The biggest buy was a new position in Visa Class A (V) and the biggest sale Broadcom (AVGO, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001353394
- Portfolio Value
- $995.9M (Q1 2026)
- SEC Filing
- 0001353394-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 32 stocks · $995.9M
| GOOGL Alphabet Inc. Class A | 18.04% | 624,783 | $179.7M | Add +4.8% |
| PWR Quanta Services Inc. | 12.58% | 228,277 | $125.3M | Add +26.1% |
| RTX RTX Corp. | 11.67% | 602,463 | $116.2M | Reduce -7.5% |
| MSFT Microsoft Corp. | 9.58% | 257,826 | $95.4M | Add +8.0% |
| APG Api Group Corp. | 7.51% | 1,846,147 | $74.8M | Reduce -15.4% |
| TSM Taiwan Semiconductor-SP ADR | 7.32% | 215,663 | $72.9M | Add +1107.5% |
| V Visa Inc. Class A | 6.92% | 228,010 | $68.9M | New |
| PM Philip Morris International | 6.71% | 404,274 | $66.8M | Reduce -0.8% |
| GLW Corning Inc. | 4.87% | 356,933 | $48.5M | New |
| ACGL Arch Capital Group Ltd. | 4.65% | 482,222 | $46.3M | Reduce -35.8% |
| DOCN Digitalocean Holdings Inc. | 4.28% | 496,702 | $42.6M | New |
| AVGO Broadcom Inc. | 2.05% | 65,825 | $20.4M | Reduce -69.1% |
| LHX L3HARRIS Technologies Inc. | 1.38% | 39,755 | $13.7M | New |
| XYZ Block Inc. | 1.16% | 192,507 | $11.6M | Reduce -62.6% |
| GE General Electric filed as GE AEROSPACE | 0.46% | 16,303 | $4.6M | Add +953.2% |
| LIN Linde PLC | 0.43% | 8,600 | $4.3M | New |
| ICE Intercontinental Exchange Inc. | 0.13% | 8,300 | $1.3M | Add +8200.0% |
| LULU Lululemon Athletica Inc. | 0.07% | 3,300 | $686K | No change |
| ABNB Airbnb Inc. Class A | 0.05% | 3,557 | $449K | Reduce -98.3% |
| FIG Figma Inc. Class A | 0.04% | 17,081 | $361K | No change |
| SNOW Snowflake Inc. | 0.02% | 1,508 | $227K | Reduce -99.1% |
| CBRE CBRE Group Inc. Class A | 0.02% | 1,000 | $182K | Reduce -98.7% |
| ARM Arm Holdings PLC-ADR | 0.02% | 1,000 | $151K | No change |
| DASH DoorDash Inc. Class A | 0.02% | 1,000 | $150K | Reduce -96.8% |
| NVDA Nvidia Corp. | 0.01% | 729 | $127K | Reduce -27.1% |
| LITE Lumentum Holdings Inc. | 0.01% | 100 | $70K | New |
| MDLZ Mondelez International Inc. Class A | 0.01% | 1,000 | $58K | New |
| TSLA Tesla Inc. | 0.00% | 100 | $37K | No change |
| AMZN Amazon.com Inc. | 0.00% | 100 | $21K | Reduce -96.7% |
| WING Wingstop Inc. | 0.00% | 100 | $15K | No change |
| KEY Keycorp | 0.00% | 698 | $14K | No change |
| NKE Nike Inc. Class B | 0.00% | 4 | $211 | No change |
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -69.1% | 2.05% | −5.56 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −4.47 |
| SNOW Snowflake Inc. | Reduce -99.1% | 0.02% | −3.80 |
| ABNB Airbnb Inc. Class A | Reduce -98.3% | 0.05% | −2.88 |
| ACGL Arch Capital Group Ltd. | Reduce -35.8% | 4.65% | −2.78 |
| XYZ Block Inc. | Reduce -62.6% | 1.16% | −2.29 |
| CBRE CBRE Group Inc. Class A | Reduce -98.7% | 0.02% | −1.93 |
| APG Api Group Corp. | Reduce -15.4% | 7.51% | −1.10 |
| DASH DoorDash Inc. Class A | Reduce -96.8% | 0.02% | −0.72 |
| RTX RTX Corp. | Reduce -7.5% | 11.67% | −0.65 |
| AMZN Amazon.com Inc. | Reduce -96.7% | 0.00% | −0.07 |
| PM Philip Morris International | Reduce -0.8% | 6.71% | −0.03 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Reduce -27.1% | 0.01% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| V Visa Inc. Class A | New | 6.92% | +6.92 |
| TSM Taiwan Semiconductor-SP ADR | Add +1107.5% | 7.32% | +6.76 |
| GLW Corning Inc. | New | 4.87% | +4.87 |
| PWR Quanta Services Inc. | Add +26.1% | 12.58% | +4.70 |
| DOCN Digitalocean Holdings Inc. | New | 4.28% | +4.28 |
| LHX L3HARRIS Technologies Inc. | New | 1.38% | +1.38 |
| LIN Linde PLC | New | 0.43% | +0.43 |
| GE General Electric | Add +953.2% | 0.46% | +0.42 |
| ICE Intercontinental Exchange Inc. | Add +8200.0% | 0.13% | +0.13 |
| LITE Lumentum Holdings Inc. | New | 0.01% | +0.01 |
| MDLZ Mondelez International Inc. Class A | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +4.8% | 18.04% | −1.21 |
| MSFT Microsoft Corp. | Add +8.0% | 9.58% | −2.33 |
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 |