KADENSA CAPITAL Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), KADENSA CAPITAL Ltd reported 43 stock positions worth $963.0 million. Its top holding was Nvidia (NVDA) at 10.1% of the portfolio, followed by Tesla (TSLA, 6.3%) and Taiwan Semiconductor-SP ADR (TSM, 6.2%). Compared with Q3 2025, it opened 5 new positions, sold out of 11, added to 24 and reduced 10. The biggest buy was Nvidia (NVDA, shares +91%) and the biggest sale Viking (VIK, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001720980
- Portfolio Value
- $963.0M (Q4 2025)
- SEC Filing
- 0000905148-26-000782 ↗ filed Feb 17, 2026
Holdings Value
Holdings 43 stocks · $963.0M
| NVDA Nvidia Corp. | 10.11% | 522,158 | $97.4M | Add +91.1% |
| TSLA Tesla Inc. | 6.30% | 134,868 | $60.7M | Add +20.5% |
| TSM Taiwan Semiconductor-SP ADR | 6.23% | 197,568 | $60.0M | Add +16.7% |
| BABA Alibaba Group Holding-SP ADR | 5.64% | 370,388 | $54.3M | Add +2.9% |
| GE General Electric filed as GE AEROSPACE | 5.06% | 158,078 | $48.7M | Reduce -8.9% |
| AVGO Broadcom Inc. | 4.66% | 129,743 | $44.9M | Add +31.8% |
| PWR Quanta Services Inc. | 3.46% | 78,901 | $33.3M | Add +52.8% |
| JCI Johnson Controls Internation | 2.72% | 218,547 | $26.2M | Reduce -14.4% |
| HII Huntington Ingalls Industrie | 2.61% | 74,005 | $25.2M | Reduce -24.3% |
| MSFT Microsoft Corp. | 2.43% | 48,468 | $23.4M | Add +16.4% |
| GEV GE Vernova Inc. | 2.42% | 35,654 | $23.3M | Add +68.4% |
| PLTR Palantir Technologies Inc. Class A | 2.42% | 130,946 | $23.3M | Add +22.2% |
| UPST Upstart Holdings Inc. | 2.37% | 520,986 | $22.8M | Add +14.5% |
| ORCL Oracle Corp. | 2.32% | 114,853 | $22.4M | Add +23.9% |
| AXON Axon Enterprise Inc. | 2.31% | 39,182 | $22.3M | Add +39.6% |
| RBLX Roblox Corp. Class A | 2.30% | 273,118 | $22.1M | Add +83.1% |
| META Meta Platforms Inc. Class A | 2.29% | 33,379 | $22.0M | Add +85.4% |
| HOOD Robinhood Markets Inc. Class A | 2.25% | 191,912 | $21.7M | New |
| FLEX Flex Ltd. | 2.24% | 357,455 | $21.6M | New |
| TEM Tempus AI Inc. Class A | 2.24% | 364,946 | $21.6M | Add +26.7% |
| ALAB Astera Labs Inc. | 2.13% | 123,057 | $20.5M | Add +0.4% |
| WM Waste Management Inc. | 2.11% | 92,672 | $20.4M | Add +26.5% |
| HWM Howmet Aerospace Inc. | 1.81% | 84,857 | $17.4M | Reduce -21.1% |
| TT Trane Technologies PLC | 1.54% | 37,998 | $14.8M | Add +1.1% |
| AVAV Aerovironment Inc. | 1.53% | 60,913 | $14.7M | Reduce -17.9% |
| MMYT Makemytrip Ltd. | 1.48% | 173,293 | $14.2M | Add +22.1% |
| EH Ehang Holdings Ltd.-SPS ADR | 1.44% | 1,050,480 | $13.8M | Reduce -0.5% |
| TTMI TTM Technologies | 1.42% | 197,943 | $13.7M | New |
| VIK Viking Holdings Ltd. | 1.36% | 183,041 | $13.1M | Reduce -69.9% |
| TME Tencent Music Entertainm-ADR | 1.30% | 712,126 | $12.5M | Add +34.3% |
| DECK Deckers Outdoor Corp. | 1.27% | 117,993 | $12.2M | No change |
| AMBQ Ambiq Micro Inc. | 1.17% | 394,991 | $11.3M | No change |
| IBIT iShares Bitcoin Trust ETF | 1.13% | 219,599 | $10.9M | Add +20.1% |
| BE Bloom Energy Corp. Class A | 1.11% | 123,513 | $10.7M | Add +64.4% |
| XPEV Xpeng Inc. - ADR | 1.11% | 527,166 | $10.7M | Add +2.7% |
| UMC United Microelectron-SP ADR | 1.09% | 1,335,392 | $10.5M | New |
| ATAT Atour Lifestyle Holdings-ADR | 0.91% | 221,801 | $8.7M | Reduce -47.9% |
| LITE Lumentum Holdings Inc. | 0.86% | 22,359 | $8.2M | Reduce -76.0% |
| WRD Weride Inc.-ADR | 0.81% | 900,297 | $7.8M | No change |
| SNDK Sandisk Corp. | 0.77% | 31,111 | $7.4M | New |
| MP MP Materials Corp. | 0.62% | 118,155 | $6.0M | Reduce -51.8% |
| KTOS Kratos Defense & Security | 0.40% | 50,636 | $3.8M | Add +69.3% |
| SY So-Young International-ADR | 0.27% | 1,022,291 | $2.6M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| VIK Viking Holdings Ltd. | Reduce -69.9% | 1.36% | −2.53 |
| LRN Stride Inc. | Sold out | 0.00% | −2.41 |
| FN Fabrinet | Sold out | 0.00% | −1.66 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −1.66 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −1.20 |
| MP MP Materials Corp. | Reduce -51.8% | 0.62% | −1.07 |
| BA The Boeing Co. | Sold out | 0.00% | −0.98 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.98 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.98 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.97 |
| AVAV Aerovironment Inc. | Reduce -17.9% | 1.53% | −0.87 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -47.9% | 0.91% | −0.74 |
| LITE Lumentum Holdings Inc. | Reduce -76.0% | 0.86% | −0.70 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.60 |
| EH Ehang Holdings Ltd.-SPS ADR | Reduce -0.5% | 1.44% | −0.58 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.38 |
| HWM Howmet Aerospace Inc. | Reduce -21.1% | 1.81% | −0.37 |
| GE General Electric | Reduce -8.9% | 5.06% | −0.32 |
| HII Huntington Ingalls Industrie | Reduce -24.3% | 2.61% | −0.29 |
| JCI Johnson Controls Internation | Reduce -14.4% | 2.72% | −0.17 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +91.1% | 10.11% | +4.86 |
| HOOD Robinhood Markets Inc. Class A | New | 2.25% | +2.25 |
| FLEX Flex Ltd. | New | 2.24% | +2.24 |
| TTMI TTM Technologies | New | 1.42% | +1.42 |
| TSM Taiwan Semiconductor-SP ADR | Add +16.7% | 6.23% | +1.36 |
| AVGO Broadcom Inc. | Add +31.8% | 4.66% | +1.32 |
| PWR Quanta Services Inc. | Add +52.8% | 3.46% | +1.25 |
| TSLA Tesla Inc. | Add +20.5% | 6.30% | +1.17 |
| UMC United Microelectron-SP ADR | New | 1.09% | +1.09 |
| GEV GE Vernova Inc. | Add +68.4% | 2.42% | +1.08 |
| META Meta Platforms Inc. Class A | Add +85.4% | 2.29% | +0.93 |
| SNDK Sandisk Corp. | New | 0.77% | +0.77 |
| BE Bloom Energy Corp. Class A | Add +64.4% | 1.11% | +0.46 |
| WM Waste Management Inc. | Add +26.5% | 2.11% | +0.45 |
| PLTR Palantir Technologies Inc. Class A | Add +22.2% | 2.42% | +0.40 |
| AXON Axon Enterprise Inc. | Add +39.6% | 2.31% | +0.24 |
| MSFT Microsoft Corp. | Add +16.4% | 2.43% | +0.21 |
| RBLX Roblox Corp. Class A | Add +83.1% | 2.30% | +0.17 |
| KTOS Kratos Defense & Security | Add +69.3% | 0.40% | +0.12 |
| MMYT Makemytrip Ltd. | Add +22.1% | 1.48% | +0.11 |
| TME Tencent Music Entertainm-ADR | Add +34.3% | 1.30% | +0.02 |
| UPST Upstart Holdings Inc. | Add +14.5% | 2.37% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +20.1% | 1.13% | −0.09 |
| TT Trane Technologies PLC | Add +1.1% | 1.54% | −0.10 |
| XPEV Xpeng Inc. - ADR | Add +2.7% | 1.11% | −0.13 |
| TEM Tempus AI Inc. Class A | Add +26.7% | 2.24% | −0.16 |
| ALAB Astera Labs Inc. | Add +0.4% | 2.13% | −0.35 |
| ORCL Oracle Corp. | Add +23.9% | 2.32% | −0.36 |
| BABA Alibaba Group Holding-SP ADR | Add +2.9% | 5.64% | −0.99 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $468.6M | TSM, TSLA, NVDA, JCI, STM |
| Q1 2026 | 39 | $718.5M | NVDA, TSM, TSLA, GE, BABA |
| Q4 2025 | 43 | $963.0M | NVDA, TSLA, TSM, BABA, GE |
| Q3 2025 | 49 | $971.1M | BABA, GE, NVDA, TSLA, TSM |
| Q2 2025 | 46 | $628.1M | BABA, GE, LRN, VIK, PM |
| Q1 2025 | 57 | $806.1M | BABA, MSFT, AVGO, MU, CRM |
| Q4 2024 | 51 | $823.8M | AMZN, NFLX, MSFT, BSX, HOOD |
| Q3 2024 | 32 | $382.0M | MSFT, HOOD, WDC, MU, NVDA |
| Q2 2024 | 38 | $424.1M | HOOD, MSFT, WDC, STNG, MRVL |
| Q1 2024 | 38 | $368.3M | MSFT, ORCL, AVGO, STNG, CRM |