Lecap Asset Management Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Lecap Asset Management Ltd. reported 278 stock positions worth $428.2 million. Its top holding was Hunt (jb) Transprt SVCS (JBHT) at 1.0% of the portfolio, followed by Agilent Technologies (A, 1.0%) and Hologic (HOLX, 0.9%). Compared with Q4 2024, it opened 132 new positions, sold out of 134, added to 92 and reduced 54. The biggest buy was a new position in Agilent Technologies (A) and the biggest sale an exit from Leidos (LDOS).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001990849
Portfolio Value
$428.2M (Q1 2025)
SEC Filing
0001990849-25-000005 ↗ filed Apr 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $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 $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 278 stocks · $428.2M
JBHT Hunt (jb) Transprt SVCS Inc. 1.01% 29,187 $4.3M Add +351.0%
A Agilent Technologies Inc. 0.98% 35,812 $4.2M New
HOLX Hologic Inc. 0.95% 65,592 $4.1M Add +30.0%
GEHC GE Healthcare Technology 0.94% 50,029 $4.0M New
KNX Knight-Swift Transportation 0.93% 91,272 $4.0M New
EVR Evercore Inc. Class A 0.92% 19,793 $4.0M Add +149.9%
HUM Humana Inc. 0.92% 14,827 $3.9M New
DXCM Dexcom Inc. 0.91% 56,872 $3.9M Add +124.4%
DT Dynatrace Inc. 0.90% 81,562 $3.8M New
CTSH Cognizant Tech Solutions-A 0.90% 50,177 $3.8M New
VLTO Veralto Corp. 0.88% 38,675 $3.8M New
DOV Dover Corp. 0.88% 21,439 $3.8M Add +175.5%
ILMN Illumina Inc. 0.87% 47,208 $3.7M Add +121.7%
SYY Sysco Corp. 0.81% 46,124 $3.5M New
NVT Nvent Electric PLC 0.80% 65,740 $3.4M Add +325.6%
HD Home Depot Inc. 0.80% 9,362 $3.4M Add +441.2%
HUBB Hubbell Inc. 0.80% 10,311 $3.4M New
ROST Ross Stores Inc. 0.79% 26,606 $3.4M New
AME Ametek Inc. 0.77% 19,203 $3.3M Reduce -2.2%
BBWI Bath & Body Works Inc. 0.75% 106,629 $3.2M Add +43.5%
HAS Hasbro Inc. 0.74% 51,669 $3.2M Add +42.8%
ADSK Autodesk Inc. 0.74% 12,106 $3.2M Add +1163.7%
NXST Nexstar Media Group Inc. 0.71% 16,884 $3.0M New
EQH Equitable Holdings Inc. 0.70% 57,900 $3.0M Add +534.2%
IEX Idex Corp. 0.70% 16,646 $3.0M New
ANET Arista Networks Inc. 0.70% 38,707 $3.0M Add +229.3%
PLD Prologis Inc. 0.69% 26,422 $3.0M New
TGT Target Corp. 0.69% 28,302 $3.0M New
EW Edwards Lifesciences Corp. 0.68% 40,137 $2.9M New
ELS Equity Lifestyle Properties 0.66% 42,538 $2.8M Add +71.0%
DHI D.R. Horton Inc. 0.66% 22,191 $2.8M Reduce -5.3%
AVGO Broadcom Inc. 0.65% 16,723 $2.8M New
CLX Clorox Company 0.64% 18,643 $2.7M Add +540.4%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.64% 41,546 $2.7M New
OKTA Okta Inc. 0.64% 25,920 $2.7M Add +11.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.64% 21,187 $2.7M New
BRKR Bruker Corp. 0.63% 65,013 $2.7M New
SN Sharkninja Inc. 0.63% 32,394 $2.7M New
WY Weyerhaeuser Co. 0.63% 92,144 $2.7M Add +6.8%
PINS Pinterest Inc. Class A 0.62% 86,042 $2.7M Add +37.8%
GPN Global Payments Inc. 0.62% 27,138 $2.7M Add +9.3%
EQIX Equinix Inc. 0.61% 3,182 $2.6M New
AS Amer Sports Inc. 0.61% 97,032 $2.6M New
ODFL Old Dominion Freight Line 0.61% 15,675 $2.6M New
FNF Fidelity National Financial 0.60% 39,402 $2.6M Add +63.3%
MRVL Marvell Technology Inc. 0.59% 40,905 $2.5M Add +175.5%
NWSA News Corp. Class A 0.59% 92,129 $2.5M New
DOCS Doximity Inc. Class A 0.58% 42,506 $2.5M Add +9.2%
EG Everest Group Ltd. 0.57% 6,775 $2.5M Add +143.2%
ALGN Align Technology Inc. 0.57% 15,262 $2.4M New
VRT Vertiv Holdings Co. Class A 0.56% 33,197 $2.4M Add +200.2%
GNRC Generac Holdings Inc. 0.56% 18,911 $2.4M New
ESTC Elastic NV 0.56% 26,846 $2.4M Add +7.5%
FLS Flowserve Corp. 0.56% 48,915 $2.4M Add +90.4%
ZM Zoom Communications Inc. 0.55% 32,092 $2.4M New
LSCC Lattice Semiconductor Corp. 0.55% 45,114 $2.4M New
RGA Reinsurance Group of America 0.55% 11,998 $2.4M Add +324.7%
INTU Intuit Inc. 0.55% 3,844 $2.4M New
LAMR Lamar Advertising Co. Class A 0.54% 20,364 $2.3M New
CTAS Cintas Corp. 0.54% 11,245 $2.3M Reduce -44.3%
ALLE Allegion PLC 0.54% 17,698 $2.3M Add +46.9%
SCHW Schwab (charles) Corp. 0.54% 29,431 $2.3M Reduce -41.2%
UBER Uber Technologies Inc. 0.54% 31,562 $2.3M Reduce -40.3%
TPR Tapestry Inc. 0.53% 32,275 $2.3M New
PLTR Palantir Technologies Inc. Class A 0.52% 26,633 $2.2M New
GL Globe Life Inc. 0.52% 16,951 $2.2M New
OC Owens Corning 0.52% 15,464 $2.2M Reduce -18.5%
TTC Toro Co. 0.51% 30,186 $2.2M New
PEP Pepsico Inc. 0.51% 14,584 $2.2M New
FND Floor & Decor Holdings Inc. Class A 0.51% 27,092 $2.2M New
CART Maplebear Inc. 0.51% 54,652 $2.2M Reduce -28.9%
FIVE Five Below 0.50% 28,838 $2.2M Add +35.5%
MNST Monster Beverage Corp. 0.50% 36,833 $2.2M Add +7.0%
MRK Merck & Co. Inc. 0.50% 23,852 $2.1M Add +29.4%
UPS United Parcel Service Class B 0.49% 19,236 $2.1M Add +7.8%
JPM JPMorgan Chase & Co. 0.49% 8,595 $2.1M New
DECK Deckers Outdoor Corp. 0.49% 18,760 $2.1M Add +159.2%
AON Aon PLC Class A 0.48% 5,194 $2.1M New
PFE Pfizer Inc. 0.48% 81,193 $2.1M Add +20.9%
CBOE Cboe Global Markets Inc. 0.48% 9,033 $2.0M New
PNC PNC Financial Services Group 0.47% 11,513 $2.0M Add +436.2%
SYF Synchrony Financial 0.47% 38,218 $2.0M Add +934.3%
IBKR Interactive Brokers Gro Class A 0.47% 12,179 $2.0M Add +202.6%
TSN Tyson Foods Inc. Class A 0.47% 31,581 $2.0M Add +36.2%
ADBE Adobe Inc. 0.47% 5,232 $2.0M Reduce -31.6%
BIRK Birkenstock Holding PLC 0.47% 43,514 $2.0M New
APTV Aptiv PLC 0.46% 33,189 $2.0M New
KBR KBR Inc. 0.46% 39,170 $2.0M Add +28.6%
APPF Appfolio Inc. Class A 0.45% 8,842 $1.9M Add +114.7%
VFC VF Corp. 0.45% 124,190 $1.9M Add +48.4%
FR First Industrial Realty TR 0.45% 35,494 $1.9M Add +163.0%
AXS Axis Capital Holdings Ltd. 0.45% 19,085 $1.9M Add +401.7%
ADI Analog Devices Inc. 0.45% 9,473 $1.9M New
GGG Graco Inc. 0.44% 22,747 $1.9M New
PVH PVH Corp. 0.44% 28,948 $1.9M New
SNDK Sandisk Corp. 0.44% 39,134 $1.9M New
GDDY GoDaddy Inc. Class A 0.43% 10,269 $1.8M New
J Jacobs Solutions Inc. 0.43% 15,267 $1.8M New
AIG American International Group 0.43% 20,969 $1.8M Reduce -51.0%
GLPI Gaming and Leisure Propertie 0.42% 35,454 $1.8M Add +35.8%

Show all 278 holdings

Portfolio Sells Q4 2024 → Q1 2025
LDOS Leidos Holdings Inc. Sold out 0.00% −1.01
LRCX Lam Research Corp. Sold out 0.00% −0.98
GWW WW Grainger Inc. Sold out 0.00% −0.98
EPAM Epam Systems Inc. Sold out 0.00% −0.94
CCI Crown Castle Inc. Sold out 0.00% −0.91
WM Waste Management Inc. Sold out 0.00% −0.87
BLDR Builders Firstsource Inc. Sold out 0.00% −0.85
PTC PTC Inc. Sold out 0.00% −0.85
UNH Unitedhealth Group Inc. Sold out 0.00% −0.77
ARE Alexandria Real Estate Equit Sold out 0.00% −0.75
VEEV Veeva Systems Inc. Class A Reduce -84.3% 0.13% −0.74
KLAC KLA Corp. Sold out 0.00% −0.74
CDW CDW Corp. Reduce -64.5% 0.29% −0.73
DHR Danaher Corp. Reduce -88.7% 0.07% −0.72
TWLO Twilio Inc. Class A Reduce -73.6% 0.18% −0.69
HIG Hartford Insurance Group Inc. Sold out 0.00% −0.65
IDXX Idexx Laboratories Inc. Sold out 0.00% −0.64
CL Colgate-Palmolive Co. Sold out 0.00% −0.62
GEN Gen Digital Inc. Sold out 0.00% −0.62
PHM Pultegroup Inc. Sold out 0.00% −0.61
MDB Mongodb Inc. Sold out 0.00% −0.59
CB Chubb Ltd. Sold out 0.00% −0.59
AMP Ameriprise Financial Inc. Sold out 0.00% −0.58
CPNG Coupang Inc. Sold out 0.00% −0.57
STT State Street Corp. Sold out 0.00% −0.57
PSA Public Storage Sold out 0.00% −0.56
ETSY Etsy Inc. Reduce -66.2% 0.20% −0.56
OLED Universal Display Corp. Sold out 0.00% −0.55
AMAT Applied Materials Inc. Sold out 0.00% −0.53
QCOM Qualcomm Inc. Reduce -68.9% 0.19% −0.52
DLTR Dollar Tree Inc. Sold out 0.00% −0.51
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.51
MTSI Macom Technology Solutions H Sold out 0.00% −0.50
AMT American Tower Corp. Sold out 0.00% −0.50
ALL Allstate Corp. Reduce -54.8% 0.36% −0.50
DG Dollar General Corp. Sold out 0.00% −0.50
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.50
MSI Motorola Solutions Inc. Sold out 0.00% −0.49
NSC Norfolk Southern Corp. Sold out 0.00% −0.49
TTEK Tetra Tech Inc. Sold out 0.00% −0.48
TRV The Travelers Cos Inc. Reduce -59.5% 0.30% −0.48
SCHW Schwab (charles) Corp. Reduce -41.2% 0.54% −0.47
BG Bunge Global SA Sold out 0.00% −0.46
CTAS Cintas Corp. Reduce -44.3% 0.54% −0.46
FFIV F5 Inc. Sold out 0.00% −0.46
ADBE Adobe Inc. Reduce -31.6% 0.47% −0.45
VICI Vici Properties Inc. Reduce -53.3% 0.36% −0.44
MTZ Mastec Inc. Reduce -61.2% 0.17% −0.44
MASI Masimo Corp. Sold out 0.00% −0.44
AOS Smith (a.o.) Corp. Sold out 0.00% −0.43

Portfolio Buys Q4 2024 → Q1 2025
A Agilent Technologies Inc. New 0.98% +0.98
GEHC GE Healthcare Technology New 0.94% +0.94
KNX Knight-Swift Transportation New 0.93% +0.93
HUM Humana Inc. New 0.92% +0.92
DT Dynatrace Inc. New 0.90% +0.90
CTSH Cognizant Tech Solutions-A New 0.90% +0.90
VLTO Veralto Corp. New 0.88% +0.88
SYY Sysco Corp. New 0.81% +0.81
HUBB Hubbell Inc. New 0.80% +0.80
ROST Ross Stores Inc. New 0.79% +0.79
JBHT Hunt (jb) Transprt SVCS Inc. Add +351.0% 1.01% +0.71
NXST Nexstar Media Group Inc. New 0.71% +0.71
IEX Idex Corp. New 0.70% +0.70
PLD Prologis Inc. New 0.69% +0.69
TGT Target Corp. New 0.69% +0.69
EW Edwards Lifesciences Corp. New 0.68% +0.68
ADSK Autodesk Inc. Add +1163.7% 0.74% +0.66
AVGO Broadcom Inc. New 0.65% +0.65
EL Estee Lauder Companies Class A New 0.64% +0.64
SUI Sun Communities Inc. New 0.64% +0.64
BRKR Bruker Corp. New 0.63% +0.63
SN Sharkninja Inc. New 0.63% +0.63
HD Home Depot Inc. Add +441.2% 0.80% +0.62
EQIX Equinix Inc. New 0.61% +0.61
AS Amer Sports Inc. New 0.61% +0.61
ODFL Old Dominion Freight Line New 0.61% +0.61
EQH Equitable Holdings Inc. Add +534.2% 0.70% +0.59
NWSA News Corp. Class A New 0.59% +0.59
ALGN Align Technology Inc. New 0.57% +0.57
GNRC Generac Holdings Inc. New 0.56% +0.56
ZM Zoom Communications Inc. New 0.55% +0.55
LSCC Lattice Semiconductor Corp. New 0.55% +0.55
INTU Intuit Inc. New 0.55% +0.55
LAMR Lamar Advertising Co. Class A New 0.54% +0.54
TPR Tapestry Inc. New 0.53% +0.53
PLTR Palantir Technologies Inc. Class A New 0.52% +0.52
GL Globe Life Inc. New 0.52% +0.52
NVT Nvent Electric PLC Add +325.6% 0.80% +0.52
CLX Clorox Company Add +540.4% 0.64% +0.51
TTC Toro Co. New 0.51% +0.51
PEP Pepsico Inc. New 0.51% +0.51
FND Floor & Decor Holdings Inc. Class A New 0.51% +0.51
JPM JPMorgan Chase & Co. New 0.49% +0.49
AON Aon PLC Class A New 0.48% +0.48
DOV Dover Corp. Add +175.5% 0.88% +0.48
CBOE Cboe Global Markets Inc. New 0.48% +0.48
BIRK Birkenstock Holding PLC New 0.47% +0.47
APTV Aptiv PLC New 0.46% +0.46
ADI Analog Devices Inc. New 0.45% +0.45
GGG Graco Inc. New 0.44% +0.44

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