Lecap Asset Management Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Lecap Asset Management Ltd. reported 279 stock positions worth $368.9 million. Its top holding was CDW (CDW) at 1.0% of the portfolio, followed by Leidos (LDOS, 1.0%) and Schwab (charles) (SCHW, 1.0%). Compared with Q3 2024, it opened 132 new positions, sold out of 150, added to 60 and reduced 87. The biggest buy was a new position in CDW (CDW) and the biggest sale an exit from Guidewire Software (GWRE).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001990849
- Portfolio Value
- $368.9M (Q4 2024)
- SEC Filing
- 0001990849-25-000002 ↗ filed Jan 28, 2025
Holdings Value
Holdings 279 stocks · $368.9M
| CDW CDW Corp. | 1.02% | 21,579 | $3.8M | New |
| LDOS Leidos Holdings Inc. | 1.01% | 25,848 | $3.7M | New |
| SCHW Schwab (charles) Corp. | 1.00% | 50,029 | $3.7M | Add +242.0% |
| CTAS Cintas Corp. | 1.00% | 20,181 | $3.7M | Add +271.1% |
| HOLX Hologic Inc. | 0.99% | 50,461 | $3.6M | Add +733.8% |
| LRCX Lam Research Corp. | 0.98% | 50,124 | $3.6M | Reduce -1.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.98% | 3,421 | $3.6M | New |
| AME Ametek Inc. | 0.96% | 19,638 | $3.5M | Reduce -19.3% |
| EPAM Epam Systems Inc. | 0.94% | 14,775 | $3.5M | Reduce -17.4% |
| ADBE Adobe Inc. | 0.92% | 7,649 | $3.4M | Reduce -14.2% |
| CCI Crown Castle Inc. | 0.91% | 36,866 | $3.3M | Add +166.1% |
| DHI D.R. Horton Inc. | 0.89% | 23,421 | $3.3M | New |
| OC Owens Corning | 0.88% | 18,968 | $3.2M | Add +4.3% |
| VEEV Veeva Systems Inc. Class A | 0.87% | 15,250 | $3.2M | Reduce -32.7% |
| TWLO Twilio Inc. Class A | 0.87% | 29,554 | $3.2M | Reduce -37.6% |
| WM Waste Management Inc. | 0.87% | 15,829 | $3.2M | Add +25.6% |
| UBER Uber Technologies Inc. | 0.86% | 52,852 | $3.2M | New |
| CART Maplebear Inc. | 0.86% | 76,849 | $3.2M | Add +112.1% |
| ALL Allstate Corp. | 0.86% | 16,430 | $3.2M | Add +13.0% |
| BLDR Builders Firstsource Inc. | 0.85% | 22,043 | $3.2M | Add +82.6% |
| PTC PTC Inc. | 0.85% | 17,133 | $3.2M | New |
| AIG American International Group | 0.84% | 42,748 | $3.1M | Reduce -9.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.80% | 100,608 | $2.9M | Add +38.9% |
| DHR Danaher Corp. | 0.78% | 12,593 | $2.9M | New |
| BBWI Bath & Body Works Inc. | 0.78% | 74,284 | $2.9M | Reduce -38.5% |
| TRV The Travelers Cos Inc. | 0.78% | 11,889 | $2.9M | New |
| CRM Salesforce Inc. | 0.78% | 8,556 | $2.9M | New |
| UNH Unitedhealth Group Inc. | 0.77% | 5,633 | $2.8M | Add +457.2% |
| ILMN Illumina Inc. | 0.77% | 21,298 | $2.8M | New |
| GPN Global Payments Inc. | 0.75% | 24,830 | $2.8M | New |
| ETSY Etsy Inc. | 0.75% | 52,424 | $2.8M | Add +193.5% |
| ARE Alexandria Real Estate Equit | 0.75% | 28,194 | $2.8M | New |
| KLAC KLA Corp. | 0.74% | 4,321 | $2.7M | Add +164.4% |
| QCOM Qualcomm Inc. | 0.71% | 17,021 | $2.6M | New |
| TOST Toast Inc. Class A | 0.67% | 68,292 | $2.5M | New |
| ESTC Elastic NV | 0.67% | 24,969 | $2.5M | Add +146.7% |
| WY Weyerhaeuser Co. | 0.66% | 86,243 | $2.4M | New |
| HIG Hartford Insurance Group Inc. | 0.65% | 21,865 | $2.4M | Add +306.5% |
| ONTO Onto Innovation Inc. | 0.65% | 14,301 | $2.4M | Add +45.8% |
| IDXX Idexx Laboratories Inc. | 0.64% | 5,701 | $2.4M | Add +587.7% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 4,408 | $2.3M | Reduce -7.5% |
| CL Colgate-Palmolive Co. | 0.62% | 25,182 | $2.3M | Add +130.6% |
| GEN Gen Digital Inc. | 0.62% | 83,391 | $2.3M | New |
| PHM Pultegroup Inc. | 0.61% | 20,728 | $2.3M | New |
| MTZ Mastec Inc. | 0.61% | 16,546 | $2.3M | Add +126.1% |
| UPS United Parcel Service Class B | 0.61% | 17,838 | $2.2M | Reduce -27.1% |
| FIVE Five Below | 0.61% | 21,284 | $2.2M | New |
| MKTX Marketaxess Holdings Inc. | 0.60% | 9,739 | $2.2M | Add +218.8% |
| EVR Evercore Inc. Class A | 0.60% | 7,920 | $2.2M | Add +47.2% |
| MDB Mongodb Inc. | 0.59% | 9,320 | $2.2M | Reduce -6.3% |
| CB Chubb Ltd. | 0.59% | 7,852 | $2.2M | New |
| AMP Ameriprise Financial Inc. | 0.58% | 4,042 | $2.2M | New |
| CPNG Coupang Inc. | 0.57% | 96,207 | $2.1M | New |
| STT State Street Corp. | 0.57% | 21,493 | $2.1M | Reduce -12.0% |
| TOL Toll Brothers Inc. | 0.57% | 16,567 | $2.1M | Add +721.8% |
| DOCS Doximity Inc. Class A | 0.56% | 38,940 | $2.1M | Add +235.7% |
| ZBRA Zebra Technologies Corp. Class A | 0.56% | 5,371 | $2.1M | Add +537.9% |
| PSA Public Storage | 0.56% | 6,866 | $2.1M | New |
| OLED Universal Display Corp. | 0.55% | 13,941 | $2.0M | New |
| HAS Hasbro Inc. | 0.55% | 36,175 | $2.0M | Add +29.1% |
| DXCM Dexcom Inc. | 0.53% | 25,347 | $2.0M | Reduce -46.7% |
| CMCSA Comcast Corp. Class A | 0.53% | 52,017 | $2.0M | Add +508.9% |
| AMAT Applied Materials Inc. | 0.53% | 11,948 | $1.9M | New |
| DLTR Dollar Tree Inc. | 0.51% | 25,321 | $1.9M | New |
| BMY Bristol-Myers Squibb Co. | 0.51% | 33,177 | $1.9M | Reduce -28.0% |
| MTSI Macom Technology Solutions H | 0.50% | 14,323 | $1.9M | New |
| AMT American Tower Corp. | 0.50% | 10,108 | $1.9M | Reduce -20.3% |
| DG Dollar General Corp. | 0.50% | 24,289 | $1.8M | Reduce -35.2% |
| STZ Constellation Brands Inc. Class A | 0.50% | 8,308 | $1.8M | New |
| MRK Merck & Co. Inc. | 0.50% | 18,437 | $1.8M | Reduce -11.5% |
| OKTA Okta Inc. | 0.50% | 23,268 | $1.8M | Reduce -50.3% |
| ELV Elevance Health Inc. | 0.50% | 4,953 | $1.8M | Add +28.3% |
| ZTS Zoetis Inc. | 0.49% | 11,140 | $1.8M | New |
| PINS Pinterest Inc. Class A | 0.49% | 62,432 | $1.8M | New |
| LLY Eli Lilly & Co. | 0.49% | 2,345 | $1.8M | Reduce -10.1% |
| MNST Monster Beverage Corp. | 0.49% | 34,424 | $1.8M | New |
| VFC VF Corp. | 0.49% | 83,690 | $1.8M | Add +95.5% |
| MSI Motorola Solutions Inc. | 0.49% | 3,875 | $1.8M | New |
| NSC Norfolk Southern Corp. | 0.49% | 7,626 | $1.8M | New |
| TTEK Tetra Tech Inc. | 0.48% | 44,769 | $1.8M | Add +71.3% |
| PFE Pfizer Inc. | 0.48% | 67,143 | $1.8M | Reduce -15.6% |
| AFRM Affirm Holdings Inc. | 0.48% | 29,147 | $1.8M | Reduce -43.9% |
| KBR KBR Inc. | 0.48% | 30,446 | $1.8M | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.47% | 9,284 | $1.7M | New |
| PFG Principal Financial Group | 0.47% | 22,469 | $1.7M | Add +135.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.47% | 29,432 | $1.7M | New |
| BG Bunge Global SA | 0.46% | 21,982 | $1.7M | Add +63.2% |
| UHS Universal Health Services-B | 0.46% | 9,417 | $1.7M | Reduce -44.3% |
| FFIV F5 Inc. | 0.46% | 6,693 | $1.7M | New |
| ELS Equity Lifestyle Properties | 0.45% | 24,882 | $1.7M | Add +185.8% |
| MRVL Marvell Technology Inc. | 0.44% | 14,846 | $1.6M | Add +210.7% |
| MASI Masimo Corp. | 0.44% | 9,720 | $1.6M | New |
| AOS Smith (a.o.) Corp. | 0.43% | 23,259 | $1.6M | New |
| ALLE Allegion PLC | 0.43% | 12,050 | $1.6M | New |
| CHTR Charter Communications Inc. Class A | 0.42% | 4,566 | $1.6M | New |
| GAP The Gap Inc. | 0.42% | 65,900 | $1.6M | New |
| NYT New York Times Co. Class A | 0.42% | 29,473 | $1.5M | Add +27.6% |
| LOW Lowe's Cos Inc. | 0.41% | 6,202 | $1.5M | New |
| SAIC Science Applications Inte | 0.40% | 13,271 | $1.5M | New |
| PATH Uipath Inc. Class A | 0.40% | 116,289 | $1.5M | Add +69.7% |
Portfolio Sells Q3 2024 → Q4 2024
| GWRE Guidewire Software Inc. | Sold out | 0.00% | −1.01 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.99 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.98 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.98 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.97 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.89 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.88 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.87 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.85 |
| UNP Union Pacific Corp. | Reduce -84.4% | 0.18% | −0.83 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.80 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.76 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.75 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.75 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.75 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.73 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.71 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.71 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.69 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.68 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −0.67 |
| USFD US Foods Holding Corp. | Sold out | 0.00% | −0.66 |
| MSCI MSCI Inc. | Reduce -87.5% | 0.12% | −0.62 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.60 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.59 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.58 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.58 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.58 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.56 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.55 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.54 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.53 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.51 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −0.51 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.51 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.51 |
| AAP Advance Auto Parts Inc. | Reduce -80.0% | 0.22% | −0.50 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.50 |
| HUBS HubSpot Inc. | Reduce -85.4% | 0.16% | −0.49 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.49 |
| C Citigroup Inc. | Sold out | 0.00% | −0.48 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.48 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.48 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.48 |
| TTC Toro Co. | Sold out | 0.00% | −0.47 |
| MMM 3M Co. | Sold out | 0.00% | −0.46 |
| COR Cencora Inc. | Sold out | 0.00% | −0.45 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.43 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.42 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.41 |
Portfolio Buys Q3 2024 → Q4 2024
| CDW CDW Corp. | New | 1.02% | +1.02 |
| LDOS Leidos Holdings Inc. | New | 1.01% | +1.01 |
| GWW WW Grainger Inc. | New | 0.98% | +0.98 |
| DHI D.R. Horton Inc. | New | 0.89% | +0.89 |
| HOLX Hologic Inc. | Add +733.8% | 0.99% | +0.88 |
| UBER Uber Technologies Inc. | New | 0.86% | +0.86 |
| PTC PTC Inc. | New | 0.85% | +0.85 |
| SCHW Schwab (charles) Corp. | Add +242.0% | 1.00% | +0.80 |
| DHR Danaher Corp. | New | 0.78% | +0.78 |
| TRV The Travelers Cos Inc. | New | 0.78% | +0.78 |
| CRM Salesforce Inc. | New | 0.78% | +0.78 |
| ILMN Illumina Inc. | New | 0.77% | +0.77 |
| CTAS Cintas Corp. | Add +271.1% | 1.00% | +0.76 |
| GPN Global Payments Inc. | New | 0.75% | +0.75 |
| ARE Alexandria Real Estate Equit | New | 0.75% | +0.75 |
| QCOM Qualcomm Inc. | New | 0.71% | +0.71 |
| TOST Toast Inc. Class A | New | 0.67% | +0.67 |
| WY Weyerhaeuser Co. | New | 0.66% | +0.66 |
| UNH Unitedhealth Group Inc. | Add +457.2% | 0.77% | +0.64 |
| GEN Gen Digital Inc. | New | 0.62% | +0.62 |
| PHM Pultegroup Inc. | New | 0.61% | +0.61 |
| FIVE Five Below | New | 0.61% | +0.61 |
| CB Chubb Ltd. | New | 0.59% | +0.59 |
| AMP Ameriprise Financial Inc. | New | 0.58% | +0.58 |
| CPNG Coupang Inc. | New | 0.57% | +0.57 |
| PSA Public Storage | New | 0.56% | +0.56 |
| OLED Universal Display Corp. | New | 0.55% | +0.55 |
| CCI Crown Castle Inc. | Add +166.1% | 0.91% | +0.55 |
| IDXX Idexx Laboratories Inc. | Add +587.7% | 0.64% | +0.55 |
| CART Maplebear Inc. | Add +112.1% | 0.86% | +0.54 |
| ETSY Etsy Inc. | Add +193.5% | 0.75% | +0.54 |
| AMAT Applied Materials Inc. | New | 0.53% | +0.53 |
| DLTR Dollar Tree Inc. | New | 0.51% | +0.51 |
| HIG Hartford Insurance Group Inc. | Add +306.5% | 0.65% | +0.51 |
| MTSI Macom Technology Solutions H | New | 0.50% | +0.50 |
| ESTC Elastic NV | Add +146.7% | 0.67% | +0.50 |
| TOL Toll Brothers Inc. | Add +721.8% | 0.57% | +0.50 |
| STZ Constellation Brands Inc. Class A | New | 0.50% | +0.50 |
| ZBRA Zebra Technologies Corp. Class A | Add +537.9% | 0.56% | +0.49 |
| ZTS Zoetis Inc. | New | 0.49% | +0.49 |
| PINS Pinterest Inc. Class A | New | 0.49% | +0.49 |
| MNST Monster Beverage Corp. | New | 0.49% | +0.49 |
| MSI Motorola Solutions Inc. | New | 0.49% | +0.49 |
| NSC Norfolk Southern Corp. | New | 0.49% | +0.49 |
| KBR KBR Inc. | New | 0.48% | +0.48 |
| MTB M & T Bank Corp. | New | 0.47% | +0.47 |
| WRB WR Berkley Corp. | New | 0.47% | +0.47 |
| KLAC KLA Corp. | Add +164.4% | 0.74% | +0.46 |
| FFIV F5 Inc. | New | 0.46% | +0.46 |
| DOCS Doximity Inc. Class A | Add +235.7% | 0.56% | +0.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 254 | $233.2M | GDDY, IR, KR, DHI, NTNX |
| Q1 2026 | 267 | $265.9M | IBKR, TOL, SYY, MA, SSNC |
| Q4 2025 | 277 | $251.1M | MSI, NOW, VICI, PODD, OTIS |
| Q3 2025 | 266 | $287.7M | NVDA, TJX, CCI, MRSH, SCHW |
| Q2 2025 | 282 | $282.7M | TPR, TMUS, MA, BSX, VRSK |
| Q1 2025 | 278 | $428.2M | JBHT, A, HOLX, GEHC, KNX |
| Q4 2024 | 279 | $368.9M | CDW, LDOS, SCHW, CTAS, HOLX |
| Q3 2024 | 297 | $463.1M | VEEV, UNP, GWRE, ADBE, EFX |
| Q2 2024 | 301 | $463.0M | ODFL, MMM, DT, BDX, CSX |
| Q1 2024 | 281 | $480.4M | KR, VRSK, CARR, DOV, INTU |