KRYGER CAPITAL Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), KRYGER CAPITAL Ltd reported 32 stock positions worth $865.5 million. Its top holding was Verona Pharma (VRNA) at 11.9% of the portfolio, followed by Merus (MRUS, 11.5%) and Norfolk Southern (NSC, 11.4%). Compared with Q2 2025, it opened 26 new positions, sold out of 10, added to 2 and reduced 4. The biggest buy was a new position in Verona Pharma (VRNA) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001911807
- Portfolio Value
- $865.5M (Q3 2025)
- SEC Filing
- 0001911807-25-000003 ↗ filed Nov 14, 2025
Holdings Value
Holdings 32 stocks · $865.5M
| VRNA Verona Pharma Ltd. | 11.86% | 962,341 | $102.7M | New |
| MRUS Merus NV | 11.46% | 1,053,500 | $99.2M | New |
| NSC Norfolk Southern Corp. | 11.42% | 328,963 | $98.8M | New |
| CYBR Cyberark Software Ltd./Israel | 11.27% | 201,850 | $97.5M | New |
| COOP Mr Cooper Group Inc. | 9.91% | 406,873 | $85.8M | New |
| FYBR Frontier Communications Pare | 9.30% | 2,154,967 | $80.5M | Add +14.6% |
| GTLS Chart Industries Inc. | 5.57% | 241,026 | $48.2M | New |
| MAC COPPER LTD | 5.16% | 3,660,486 | $44.7M | New |
| INFA Informatica Inc. Class A | 4.67% | 1,627,159 | $40.4M | New |
| ETNB 89BIO Inc. | 3.99% | 2,350,000 | $34.5M | New |
| IAS Integral Ad Science Holding | 3.52% | 3,000,000 | $30.5M | New |
| SKX Skechers USA Inc. Class A | 1.99% | 272,806 | $17.2M | Reduce -65.5% |
| STAA Staar Surgical Co. | 1.94% | 623,937 | $16.8M | New |
| OMC Omnicom Group | 1.63% | 173,056 | $14.1M | Reduce -0.3% |
| SPNS Sapiens International Corp. | 1.16% | 233,844 | $10.1M | New |
| HBI Hanesbrands Inc. | 1.16% | 1,524,345 | $10.0M | New |
| K Kellanova | 0.95% | 100,560 | $8.2M | Reduce -51.0% |
| AVDX Avidxchange Holdings Inc. | 0.87% | 755,250 | $7.5M | Reduce -0.2% |
| HOUS Anywhere Real Estate Inc. | 0.57% | 470,000 | $5.0M | New |
| RIOT Riot Platforms Inc. | 0.55% | 250,000 | $4.8M | New |
| DMAAU Drugs Made in America Acquis | 0.34% | 300,000 | $3.0M | New |
| INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X | 0.15% | 103,823 | $1.3M | New |
| BHF Brighthouse Financial Inc. | 0.15% | 25,000 | $1.3M | New |
| TRIP Tripadvisor Inc. | 0.09% | 50,000 | $813K | New |
| MBVIU M3-Brigade Acquisition Vi Co. | 0.09% | 75,976 | $769K | New |
| FCRS.U Futurecrest Acquisition Corp. | 0.06% | 50,000 | $530K | New |
| CEPT Cantor Equity Partners Class A | 0.03% | 25,558 | $269K | Add +0.8% |
| CEPF Cantor Equity Partners Class A | 0.03% | 25,349 | $258K | New |
| BLZRU Trailblazer Acquisition Corp. | 0.03% | 25,000 | $256K | New |
| FIGXU Figx Capital Acquisition Cor | 0.03% | 25,169 | $254K | New |
| CAEP Cantor Equity Partners III-A | 0.01% | 10,040 | $104K | New |
| OBAWU Oxley Bridge Acquisition Ltd. | 0.01% | 10,090 | $101K | New |
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −26.48 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −19.75 |
| SKX Skechers USA Inc. Class A | Reduce -65.5% | 1.99% | −7.23 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −6.66 |
| CHX Championx Corp. | Sold out | 0.00% | −6.50 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −5.89 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −2.19 |
| K Kellanova | Reduce -51.0% | 0.95% | −2.07 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −1.88 |
| SPTN Spartannash Co. | Sold out | 0.00% | −0.83 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.77 |
| OMC Omnicom Group | Reduce -0.3% | 1.63% | −0.68 |
| AVDX Avidxchange Holdings Inc. | Reduce -0.2% | 0.87% | −0.50 |
| SGRY Surgery Partners Inc. | Sold out | 0.00% | −0.42 |
Portfolio Buys Q2 2025 → Q3 2025
| VRNA Verona Pharma Ltd. | New | 11.86% | +11.86 |
| MRUS Merus NV | New | 11.46% | +11.46 |
| NSC Norfolk Southern Corp. | New | 11.42% | +11.42 |
| CYBR Cyberark Software Ltd./Israel | New | 11.27% | +11.27 |
| COOP Mr Cooper Group Inc. | New | 9.91% | +9.91 |
| GTLS Chart Industries Inc. | New | 5.57% | +5.57 |
| MAC COPPER LTD | New | 5.16% | +5.16 |
| INFA Informatica Inc. Class A | New | 4.67% | +4.67 |
| ETNB 89BIO Inc. | New | 3.99% | +3.99 |
| IAS Integral Ad Science Holding | New | 3.52% | +3.52 |
| STAA Staar Surgical Co. | New | 1.94% | +1.94 |
| SPNS Sapiens International Corp. | New | 1.16% | +1.16 |
| HBI Hanesbrands Inc. | New | 1.16% | +1.16 |
| HOUS Anywhere Real Estate Inc. | New | 0.57% | +0.57 |
| RIOT Riot Platforms Inc. | New | 0.55% | +0.55 |
| DMAAU Drugs Made in America Acquis | New | 0.34% | +0.34 |
| INFQ Infleqtion Inc. | New | 0.15% | +0.15 |
| BHF Brighthouse Financial Inc. | New | 0.15% | +0.15 |
| TRIP Tripadvisor Inc. | New | 0.09% | +0.09 |
| MBVIU M3-Brigade Acquisition Vi Co. | New | 0.09% | +0.09 |
| FCRS.U Futurecrest Acquisition Corp. | New | 0.06% | +0.06 |
| CEPF Cantor Equity Partners Class A | New | 0.03% | +0.03 |
| BLZRU Trailblazer Acquisition Corp. | New | 0.03% | +0.03 |
| FIGXU Figx Capital Acquisition Cor | New | 0.03% | +0.03 |
| CAEP Cantor Equity Partners III-A | New | 0.01% | +0.01 |
| OBAWU Oxley Bridge Acquisition Ltd. | New | 0.01% | +0.01 |
| CEPT Cantor Equity Partners Class A | Add +0.8% | 0.03% | −0.02 |
| FYBR Frontier Communications Pare | Add +14.6% | 9.30% | −3.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 50 | $1.3B | NSC, CFLT, EXAS, CYBR, FYBR |
| Q3 2025 | 32 | $865.5M | VRNA, MRUS, NSC, CYBR, COOP |
| Q2 2025 | 16 | $540.5M | HES, AZEK, FYBR, SKX, SWTX |
| Q1 2025 | 20 | $852.5M | HES, BERY, ITCI, FYBR, CHX |
| Q4 2024 | 12 | $385.6M | HES, SUM, K, ALTM, BERY |
| Q3 2024 | 16 | $803.5M | HES, HCP, AXONICS INC, SWN, NVEI |
| Q2 2024 | 14 | $871.9M | HES, HCP, WRK, AXONICS INC, NVEI |
| Q1 2024 | 12 | $536.0M | HES, SWN, WRK, AXONICS INC, PXD |