Lecap Asset Management Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), Lecap Asset Management Ltd. reported 281 stock positions worth $480.4 million. Its top holding was Kroger (KR) at 1.0% of the portfolio, followed by Verisk Analytics (VRSK, 1.0%) and Carrier Global (CARR, 1.0%). Compared with Q4 2023, it opened 121 new positions, sold out of 119, added to 128 and reduced 32. The biggest buy was a new position in Kroger (KR) and the biggest sale an exit from KLA (KLAC).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001990849
Portfolio Value
$480.4M (Q1 2024)
SEC Filing
0001990849-24-000005 ↗ filed Apr 25, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $480.4M $480.4M Q1 2024 Q2 2024: $463.0M Q2 2024 Q3 2024: $463.1M Q3 2024 Q4 2024: $368.9M Q4 2024 Q1 2025: $428.2M Q1 2025 Q2 2025: $282.7M Q2 2025 Q3 2025: $287.7M Q3 2025 Q4 2025: $251.1M Q4 2025 Q1 2026: $265.9M Q1 2026 Q2 2026: $233.2M Q2 2026

Holdings 281 stocks · $480.4M
KR Kroger Co. 1.01% 85,203 $4.9M New
VRSK Verisk Analytics Inc. 1.00% 20,354 $4.8M New
CARR Carrier Global Corp. 1.00% 82,349 $4.8M Add +339.5%
DOV Dover Corp. 0.99% 26,905 $4.8M New
INTU Intuit Inc. 0.98% 7,276 $4.7M New
AVGO Broadcom Inc. 0.98% 3,537 $4.7M Add +184.1%
ICLR Icon PLC 0.96% 13,725 $4.6M New
ADBE Adobe Inc. 0.95% 9,071 $4.6M New
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 0.95% 69,942 $4.6M Add +94.5%
ITW Illinois Tool Works 0.95% 16,920 $4.5M New
NVR NVR Inc. 0.93% 554 $4.5M Add +295.7%
SBAC SBA Communications Corp. 0.91% 20,213 $4.4M Add +141.7%
MMM 3M Co. 0.91% 41,240 $4.4M Add +288.4%
AMZN Amazon.com Inc. 0.90% 24,053 $4.3M Add +163.8%
CIEN Ciena Corp. 0.90% 87,736 $4.3M Add +144.3%
HPE Hewlett Packard Enterprise 0.89% 241,240 $4.3M New
NTAP Netapp Inc. 0.89% 40,557 $4.3M Add +509.9%
EPAM Epam Systems Inc. 0.87% 15,191 $4.2M Add +998.4%
CI The Cigna Group 0.87% 11,490 $4.2M Add +434.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.83% 133,667 $4.0M Add +178.1%
WTW Willis Towers Watson PLC 0.83% 14,474 $4.0M New
ROST Ross Stores Inc. 0.82% 26,753 $3.9M Add +84.0%
JBL Jabil Inc. 0.82% 29,295 $3.9M Add +225.7%
CPNG Coupang Inc. 0.81% 219,917 $3.9M Add +395.5%
PAYC Paycom Software Inc. 0.81% 19,567 $3.9M Add +99.4%
ALGN Align Technology Inc. 0.79% 11,632 $3.8M Add +621.1%
MU Micron Technology Inc. 0.79% 32,200 $3.8M Add +11.3%
MPWR Monolithic Power Systems Inc. 0.79% 5,587 $3.8M Add +58.7%
FIVE Five Below 0.79% 20,853 $3.8M Add +96.0%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.78% 24,400 $3.8M New
TWLO Twilio Inc. Class A 0.75% 58,928 $3.6M Add +94.7%
VRSN Verisign Inc. 0.73% 18,517 $3.5M Add +115.2%
MAS Masco Corp. 0.73% 44,284 $3.5M New
ULTA Ulta Beauty Inc. 0.72% 6,644 $3.5M Add +426.5%
WAB Wabtec Corp. 0.72% 23,628 $3.4M Add +62.1%
SCHW Schwab (charles) Corp. 0.71% 46,840 $3.4M New
PATH Uipath Inc. Class A 0.68% 144,817 $3.3M Add +116.5%
UNP Union Pacific Corp. 0.67% 13,151 $3.2M New
PVH PVH Corp. 0.67% 22,873 $3.2M Add +47.4%
ALL Allstate Corp. 0.66% 18,360 $3.2M Reduce -4.9%
HUM Humana Inc. 0.66% 9,142 $3.2M Add +49.1%
SNOW Snowflake Inc. 0.66% 19,609 $3.2M Add +349.5%
HOOD Robinhood Markets Inc. Class A 0.64% 153,018 $3.1M Add +13.6%
PFG Principal Financial Group 0.64% 35,490 $3.1M Add +131.5%
LDOS Leidos Holdings Inc. 0.63% 23,021 $3.0M Add +348.1%
GAP The Gap Inc. 0.61% 105,863 $2.9M Add +39.9%
RL Ralph Lauren Corp. 0.58% 14,802 $2.8M Add +103.5%
SKX Skechers USA Inc. Class A 0.57% 44,650 $2.7M Add +54.8%
OC Owens Corning 0.57% 16,340 $2.7M Add +35.2%
STT State Street Corp. 0.56% 34,909 $2.7M Reduce -2.4%
MCK McKesson Corp. 0.56% 4,983 $2.7M Add +63.2%
PGR Progressive Corp. 0.55% 12,710 $2.6M New
BRK.B Berkshire Hathaway Inc. Class B 0.54% 6,219 $2.6M Add +23.7%
BAH Booz Allen Hamilton Holdings 0.54% 17,450 $2.6M New
TSN Tyson Foods Inc. Class A 0.53% 43,555 $2.6M Add +270.9%
GEHC GE Healthcare Technology 0.53% 28,084 $2.6M New
MTZ Mastec Inc. 0.53% 27,307 $2.5M Add +91.9%
ADM Archer-Daniels-Midland Co. 0.53% 40,196 $2.5M New
FSLR First Solar Inc. 0.52% 14,897 $2.5M Add +374.4%
GNRC Generac Holdings Inc. 0.52% 19,867 $2.5M New
INTC Intel Corp. 0.51% 55,877 $2.5M New
TMUS T-Mobile US Inc. 0.51% 15,089 $2.5M New
EQH Equitable Holdings Inc. 0.51% 64,301 $2.4M Add +119.3%
SAIA Saia Inc. 0.50% 4,142 $2.4M New
TFC Truist Financial Corp. 0.50% 61,776 $2.4M Add +626.7%
KBR KBR Inc. 0.50% 37,562 $2.4M Add +185.3%
SWK Stanley Black & Decker Inc. 0.48% 23,603 $2.3M Add +17.0%
CMI Cummins Inc. 0.47% 7,740 $2.3M Reduce -31.0%
BMY Bristol-Myers Squibb Co. 0.47% 41,751 $2.3M Add +53.6%
AFRM Affirm Holdings Inc. 0.47% 60,390 $2.3M New
COST Costco Wholesale Corp. 0.47% 3,069 $2.2M New
PLTR Palantir Technologies Inc. Class A 0.47% 97,377 $2.2M New
SMAR Smartsheet Inc. Class A 0.47% 58,033 $2.2M Add +115.7%
ZTS Zoetis Inc. 0.46% 13,134 $2.2M New
RVTY Revvity Inc. 0.46% 21,070 $2.2M New
VLTO Veralto Corp. 0.46% 24,811 $2.2M New
UNH Unitedhealth Group Inc. 0.45% 4,404 $2.2M New
TPR Tapestry Inc. 0.44% 44,946 $2.1M Add +49.5%
CRI Carter's Inc. 0.44% 24,964 $2.1M Add +524.1%
AOS Smith (a.o.) Corp. 0.44% 23,538 $2.1M Add +54.2%
BRKR Bruker Corp. 0.43% 22,000 $2.1M Add +217.7%
WPC WP Carey Inc. 0.43% 36,612 $2.1M Add +122.4%
EBAY eBay Inc. 0.43% 39,059 $2.1M New
FNF Fidelity National Financial 0.43% 38,813 $2.1M Add +48.4%
RHI Robert Half Inc. 0.42% 25,622 $2.0M New
CFG Citizens Financial Group 0.42% 55,670 $2.0M New
CUBE Cubesmart 0.42% 44,455 $2.0M Add +50.5%
XRAY Dentsply Sirona Inc. 0.42% 60,433 $2.0M New
KMB Kimberly-Clark Corp. 0.41% 15,372 $2.0M Reduce -24.4%
AME Ametek Inc. 0.41% 10,784 $2.0M New
DOCU Docusign Inc. 0.41% 33,054 $2.0M New
TEAM Atlassian Corp. Class A 0.41% 10,055 $2.0M New
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.41% 50,850 $2.0M Add +350.2%
THC Tenet Healthcare Corp. 0.41% 18,596 $2.0M New
WMS Advanced Drainage Systems Inc. 0.40% 11,165 $1.9M New
NTNX Nutanix Inc. Class A 0.40% 31,085 $1.9M Add +233.1%
UNM Unum Group 0.40% 35,737 $1.9M New
TDOC Teladoc Health Inc. 0.40% 126,906 $1.9M Add +78.8%
WCC Wesco International Inc. 0.40% 11,186 $1.9M Add +148.6%
AZEK The Azek Co. Inc. 0.39% 37,772 $1.9M Add +27.4%

Show all 281 holdings

Portfolio Sells Q4 2023 → Q1 2024
KLAC KLA Corp. Sold out 0.00% −1.02
WMT Walmart Inc. Sold out 0.00% −1.01
DE Deere & Co. Sold out 0.00% −0.99
GE General Electric Sold out 0.00% −0.97
VEEV Veeva Systems Inc. Class A Sold out 0.00% −0.97
MTD Mettler-Toledo International Sold out 0.00% −0.90
PTC PTC Inc. Sold out 0.00% −0.87
MOH Molina Healthcare Inc. Sold out 0.00% −0.86
ELV Elevance Health Inc. Sold out 0.00% −0.81
QCOM Qualcomm Inc. Reduce -64.3% 0.25% −0.79
XYZ Block Inc. Sold out 0.00% −0.78
MTCH Match Group Inc. Reduce -85.9% 0.07% −0.76
TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.74
IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.70
DHI D.R. Horton Inc. Sold out 0.00% −0.69
ADP Automatic Data Processing Sold out 0.00% −0.67
FDX FedEx Corp. Reduce -46.6% 0.36% −0.67
GDDY GoDaddy Inc. Class A Reduce -62.0% 0.21% −0.64
ORCL Oracle Corp. Reduce -74.9% 0.13% −0.61
NKE Nike Inc. Class B Reduce -34.8% 0.27% −0.56
PINS Pinterest Inc. Class A Reduce -78.4% 0.07% −0.54
FBIN Fortune Brands Innovations I Sold out 0.00% −0.53
SWAV Shockwave Medical Inc. Sold out 0.00% −0.52
GM General Motors Co. Sold out 0.00% −0.51
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.50
CMI Cummins Inc. Reduce -31.0% 0.47% −0.50
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.49
KMB Kimberly-Clark Corp. Reduce -24.4% 0.41% −0.49
PFE Pfizer Inc. Sold out 0.00% −0.48
CAT Caterpillar Inc. Sold out 0.00% −0.47
TGT Target Corp. Sold out 0.00% −0.45
STT State Street Corp. Reduce -2.4% 0.56% −0.45
AMH American Homes 4 Rent- A Reduce -26.8% 0.33% −0.44
PSA Public Storage Sold out 0.00% −0.44
NVDA Nvidia Corp. Reduce -56.6% 0.36% −0.43
AIZ Assurant Inc. Sold out 0.00% −0.43
UBER Uber Technologies Inc. Sold out 0.00% −0.43
LRCX Lam Research Corp. Sold out 0.00% −0.43
CSL Carlisle Cos Inc. Sold out 0.00% −0.42
SWKS Skyworks Solutions Inc. Sold out 0.00% −0.41
AXP American Express Co. Sold out 0.00% −0.41
BBWI Bath & Body Works Inc. Reduce -43.7% 0.24% −0.41
ODFL Old Dominion Freight Line Sold out 0.00% −0.41
BIO Bio-Rad Laboratories-A Reduce -50.5% 0.18% −0.40
PODD Insulet Corp. Reduce -39.2% 0.15% −0.40
AGCO Agco Corp. Sold out 0.00% −0.39
OKTA Okta Inc. Reduce -48.5% 0.20% −0.39
GRMN Garmin Ltd. Sold out 0.00% −0.39
EME Emcor Group Inc. Sold out 0.00% −0.38
APP AppLovin Corp. Class A Sold out 0.00% −0.38

Portfolio Buys Q4 2023 → Q1 2024
KR Kroger Co. New 1.01% +1.01
VRSK Verisk Analytics Inc. New 1.00% +1.00
DOV Dover Corp. New 0.99% +0.99
INTU Intuit Inc. New 0.98% +0.98
ICLR Icon PLC New 0.96% +0.96
ADBE Adobe Inc. New 0.95% +0.95
ITW Illinois Tool Works New 0.95% +0.95
HPE Hewlett Packard Enterprise New 0.89% +0.89
WTW Willis Towers Watson PLC New 0.83% +0.83
EL Estee Lauder Companies Class A New 0.78% +0.78
MAS Masco Corp. New 0.73% +0.73
EPAM Epam Systems Inc. Add +998.4% 0.87% +0.72
SCHW Schwab (charles) Corp. New 0.71% +0.71
UNP Union Pacific Corp. New 0.67% +0.67
NTAP Netapp Inc. Add +509.9% 0.89% +0.67
CI The Cigna Group Add +434.9% 0.87% +0.63
ALGN Align Technology Inc. Add +621.1% 0.79% +0.63
CARR Carrier Global Corp. Add +339.5% 1.00% +0.60
NVR NVR Inc. Add +295.7% 0.93% +0.58
CPNG Coupang Inc. Add +395.5% 0.81% +0.55
PGR Progressive Corp. New 0.55% +0.55
BAH Booz Allen Hamilton Holdings New 0.54% +0.54
GEHC GE Healthcare Technology New 0.53% +0.53
ADM Archer-Daniels-Midland Co. New 0.53% +0.53
GNRC Generac Holdings Inc. New 0.52% +0.52
INTC Intel Corp. New 0.51% +0.51
TMUS T-Mobile US Inc. New 0.51% +0.51
SAIA Saia Inc. New 0.50% +0.50
ULTA Ulta Beauty Inc. Add +426.5% 0.72% +0.50
MMM 3M Co. Add +288.4% 0.91% +0.49
AVGO Broadcom Inc. Add +184.1% 0.98% +0.47
AFRM Affirm Holdings Inc. New 0.47% +0.47
COST Costco Wholesale Corp. New 0.47% +0.47
PLTR Palantir Technologies Inc. Class A New 0.47% +0.47
ZTS Zoetis Inc. New 0.46% +0.46
RVTY Revvity Inc. New 0.46% +0.46
VLTO Veralto Corp. New 0.46% +0.46
UNH Unitedhealth Group Inc. New 0.45% +0.45
EBAY eBay Inc. New 0.43% +0.43
LDOS Leidos Holdings Inc. Add +348.1% 0.63% +0.43
RHI Robert Half Inc. New 0.42% +0.42
CFG Citizens Financial Group New 0.42% +0.42
XRAY Dentsply Sirona Inc. New 0.42% +0.42
AME Ametek Inc. New 0.41% +0.41
DOCU Docusign Inc. New 0.41% +0.41
TEAM Atlassian Corp. Class A New 0.41% +0.41
THC Tenet Healthcare Corp. New 0.41% +0.41
WMS Advanced Drainage Systems Inc. New 0.40% +0.40
JBL Jabil Inc. Add +225.7% 0.82% +0.40
UNM Unum Group New 0.40% +0.40

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 254$233.2MGDDY, IR, KR, DHI, NTNX
Q1 2026 267$265.9MIBKR, TOL, SYY, MA, SSNC
Q4 2025 277$251.1MMSI, NOW, VICI, PODD, OTIS
Q3 2025 266$287.7MNVDA, TJX, CCI, MRSH, SCHW
Q2 2025 282$282.7MTPR, TMUS, MA, BSX, VRSK
Q1 2025 278$428.2MJBHT, A, HOLX, GEHC, KNX
Q4 2024 279$368.9MCDW, LDOS, SCHW, CTAS, HOLX
Q3 2024 297$463.1MVEEV, UNP, GWRE, ADBE, EFX
Q2 2024 301$463.0MODFL, MMM, DT, BDX, CSX
Q1 2024 281$480.4MKR, VRSK, CARR, DOV, INTU