In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Katamaran Capital LLP reported 27 stock positions worth $109.6 million . Its top holding was Amazon.com (AMZN) at 8.0% of the portfolio, followed by Spotify Technology (SPOT, 7.9% ) and Meta Platforms Class A (META, 7.0% ). Compared with Q2 2025, it opened 10 new positions, sold out of 8, added to 6 and reduced 11. The biggest buy was a new position in Tower Semiconductor (TSEM) and the biggest sale an exit from Mastercard Class A (MA).
Location LONDON, X0
CIK 0002025353
Portfolio Value $109.6M (Q3 2025) Holdings 27 stocks · $109.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 AMZN Amazon.com Inc. 39,969 $8.8M Reduce -17.3% SPOT Spotify Technology SA 12,397 $8.7M Add +183.0% META Meta Platforms Inc. Class A 10,432 $7.7M Reduce -5.5% FICO Fair Isaac Corp. 4,726 $7.1M Add +86.8% MSFT Microsoft Corp. 12,945 $6.7M Reduce -8.0% KO The Coca-Cola Co. 81,275 $5.4M Add +67.9% SSNC Ss&c Technologies Holdings 60,509 $5.4M Reduce -2.7% TSEM Tower Semiconductor Ltd. 73,635 $5.3M New V Visa Inc. Class A 14,917 $5.1M Reduce -24.0% AMD Advanced Micro Devices 30,987 $5.0M Add +153.1% EFX Equifax Inc. 19,038 $4.9M New MCO Moody's Corp. 8,973 $4.3M New TSM Taiwan Semiconductor-SP ADR 14,199 $4.0M Reduce -14.4% LRCX Lam Research Corp. 28,806 $3.9M Reduce -41.8% INTU Intuit Inc. 4,975 $3.4M New SMTC Semtech Corp. 43,345 $3.1M New SNOW Snowflake Inc. 12,640 $2.9M New MSCI MSCI Inc. 4,919 $2.8M Add +57.1% BABA Alibaba Group Holding-SP ADR 15,501 $2.8M New ADI Analog Devices Inc. 9,700 $2.4M Reduce -52.9% NVDA Nvidia Corp. 10,628 $2.0M Reduce -41.4% SNPS Synopsys Inc. 3,859 $1.9M New ARLO Arlo Technologies Inc. 110,634 $1.9M New NTNX Nutanix Inc. Class A 23,269 $1.7M Reduce -22.5% MSI Motorola Solutions Inc. 3,180 $1.5M Reduce -68.5% FIX Comfort Systems USA Inc. 1,205 $994K Add +26.7% INTC Intel Corp. 10,397 $349K New
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ MA Mastercard Inc. Class A Sold out 0.00% −8.03 CDNS Cadence Design SYS Inc. Sold out 0.00% −4.28 TJX TJX Companies Inc. Sold out 0.00% −3.64 FROG Jfrog Ltd. Sold out 0.00% −3.32 MSI Motorola Solutions Inc. Reduce -68.5% 1.33% −2.79 ADI Analog Devices Inc. Reduce -52.9% 2.17% −2.59 DG Dollar General Corp. Sold out 0.00% −2.49 AMZN Amazon.com Inc. Reduce -17.3% 8.01% −2.30 V Visa Inc. Class A Reduce -24.0% 4.65% −2.13 AVGO Broadcom Inc. Sold out 0.00% −1.65 AMBA Ambarella Inc. Sold out 0.00% −1.32 PODD Insulet Corp. Sold out 0.00% −1.19 LRCX Lam Research Corp. Reduce -41.8% 3.52% −1.16 NVDA Nvidia Corp. Reduce -41.4% 1.81% −0.98 META Meta Platforms Inc. Class A Reduce -5.5% 6.99% −0.94 MSFT Microsoft Corp. Reduce -8.0% 6.12% −0.68 NTNX Nutanix Inc. Class A Reduce -22.5% 1.58% −0.65 SSNC Ss&c Technologies Holdings Reduce -2.7% 4.90% −0.11 TSM Taiwan Semiconductor-SP ADR Reduce -14.4% 3.62% −0.03
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ TSEM Tower Semiconductor Ltd. New 4.86% +4.86 SPOT Spotify Technology SA Add +183.0% 7.89% +4.63 EFX Equifax Inc. New 4.46% +4.46 MCO Moody's Corp. New 3.90% +3.90 INTU Intuit Inc. New 3.10% +3.10 AMD Advanced Micro Devices Add +153.1% 4.57% +2.88 SMTC Semtech Corp. New 2.83% +2.83 SNOW Snowflake Inc. New 2.60% +2.60 BABA Alibaba Group Holding-SP ADR New 2.53% +2.53 FICO Fair Isaac Corp. Add +86.8% 6.45% +1.96 SNPS Synopsys Inc. New 1.74% +1.74 ARLO Arlo Technologies Inc. New 1.71% +1.71 KO The Coca-Cola Co. Add +67.9% 4.92% +1.59 MSCI MSCI Inc. Add +57.1% 2.55% +0.79 FIX Comfort Systems USA Inc. Add +26.7% 0.91% +0.41 INTC Intel Corp. New 0.32% +0.32
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 8,700 $4.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 35 $117.0M V, MA, BKNG, GLW, ADI Q1 2026 28 $112.3M MA, V, APH, TSM, AMZN Q4 2025 34 $132.1M MSFT, META, V, SPOT, MA Q3 2025 27 $109.6M AMZN, SPOT, META, FICO, MSFT Q2 2025 25 $102.9M AMZN, MA, META, MSFT, V Q1 2025 29 $76.8M META, AMZN, SSNC, KO, MA Q4 2024 29 $74.7M META, AMZN, TSM, CSGP, AVGO