Lightrock Netherlands B.V.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Lightrock Netherlands B.V. reported 39 stock positions worth $382.4 million. Its top holding was Lumentum (LITE) at 6.6% of the portfolio, followed by Brunswick (BC, 6.1%) and Wintrust Financial (WTFC, 5.2%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 15 and reduced 22. The biggest buy was Strategic Education (STRA, shares +156%) and the biggest sale Gentex (GNTX, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- UTRECHT, P7
- CIK
- 0002041485
- Portfolio Value
- $382.4M (Q3 2025)
- SEC Filing
- 0002041485-25-000013 ↗ filed Oct 31, 2025
Holdings Value
Holdings 39 stocks · $382.4M
| LITE Lumentum Holdings Inc. | 6.64% | 183,255 | $25.4M | Reduce -44.2% |
| BC Brunswick Corp. | 6.13% | 435,278 | $23.4M | Reduce -15.6% |
| WTFC Wintrust Financial Corp. | 5.23% | 177,508 | $20.0M | Reduce -8.4% |
| STRA Strategic Education Inc. | 4.49% | 234,719 | $17.2M | Add +155.7% |
| SBH Sally Beauty Holdings Inc. | 4.49% | 1,239,998 | $17.2M | Reduce -36.2% |
| WFG West Fraser Timber Co. Ltd. | 4.17% | 275,803 | $16.0M | Add +6.4% |
| LNN Lindsay Corp. | 3.94% | 125,915 | $15.1M | Add +2.0% |
| TRIP Tripadvisor Inc. | 3.69% | 1,020,810 | $14.1M | Add +0.1% |
| PFSI Pennymac Financial Services | 3.65% | 132,513 | $14.0M | Reduce -7.4% |
| ENS Enersys | 3.33% | 132,439 | $12.7M | Reduce -1.2% |
| ANF Abercrombie & Fitch Co. Class A | 3.29% | 172,689 | $12.6M | Add +34.3% |
| QDEL Quidelortho Corp. | 3.27% | 498,524 | $12.5M | Add +7.0% |
| GMED Globus Medical Inc. Class A | 3.21% | 251,900 | $12.3M | Add +6.2% |
| NVST Envista Holdings Corp. | 2.68% | 591,307 | $10.3M | Reduce -1.3% |
| EHC Encompass Health Corp. | 2.64% | 93,306 | $10.1M | Add +12.4% |
| MWA Mueller Water Products Inc. Class A | 2.53% | 445,784 | $9.7M | Reduce -4.1% |
| TNC Tennant Co. | 2.50% | 138,526 | $9.6M | Add +4.0% |
| TOWN Towne Bank | 2.38% | 308,752 | $9.1M | Add +9.2% |
| CBT Cabot Corp. | 2.37% | 139,844 | $9.1M | Reduce -1.3% |
| CMP Compass Minerals Internation | 2.20% | 513,873 | $8.4M | Reduce -1.3% |
| JBL Jabil Inc. | 2.10% | 43,498 | $8.0M | Reduce -8.4% |
| THR Thermon Group Holdings Inc. | 1.83% | 307,075 | $7.0M | Add +24.5% |
| DAR Darling Ingredients Inc. | 1.80% | 261,807 | $6.9M | Reduce -10.3% |
| AMH American Homes 4 Rent- A | 1.77% | 239,468 | $6.8M | Reduce -1.3% |
| CUBE Cubesmart | 1.74% | 192,626 | $6.7M | Reduce -1.3% |
| AKAM Akamai Technologies Inc. | 1.69% | 100,296 | $6.5M | Reduce -1.2% |
| DOC Healthpeak Properties Inc. | 1.64% | 385,521 | $6.3M | Reduce -1.3% |
| TROX Tronox Holdings PLC | 1.64% | 1,829,171 | $6.3M | Add +3.2% |
| AVTR Avantor Inc. | 1.54% | 555,380 | $5.9M | Add +10.5% |
| WEX Wex Inc. | 1.54% | 43,800 | $5.9M | Add +19.7% |
| CTRE Caretrust REIT Inc. | 1.33% | 172,105 | $5.1M | Reduce -16.7% |
| COHU Cohu Inc. | 1.28% | 283,128 | $4.9M | Reduce -5.7% |
| AYI Acuity Inc. | 1.24% | 16,203 | $4.7M | Reduce -1.3% |
| GNTX Gentex Corp. | 1.21% | 192,384 | $4.6M | Reduce -60.8% |
| RNR Renaissancere Holdings Ltd. | 1.20% | 21,242 | $4.6M | Reduce -1.3% |
| FSLR First Solar Inc. | 1.18% | 24,108 | $4.5M | Reduce -50.4% |
| IRT Independence Realty Trust Inc. | 0.90% | 247,434 | $3.5M | Add +4.6% |
| TDC Teradata Corp. | 0.89% | 185,423 | $3.4M | New |
| DRH Diamondrock Hospitality Co. | 0.64% | 360,000 | $2.4M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| GNTX Gentex Corp. | Reduce -60.8% | 1.21% | −1.32 |
| ALGM Allegro Microsystems Inc. | Sold out | 0.00% | −1.10 |
| DAR Darling Ingredients Inc. | Reduce -10.3% | 1.80% | −0.80 |
| FSLR First Solar Inc. | Reduce -50.4% | 1.18% | −0.70 |
| LITE Lumentum Holdings Inc. | Reduce -44.2% | 6.64% | −0.68 |
| BC Brunswick Corp. | Reduce -15.6% | 6.13% | −0.55 |
| WTFC Wintrust Financial Corp. | Reduce -8.4% | 5.23% | −0.40 |
| JBL Jabil Inc. | Reduce -8.4% | 2.10% | −0.33 |
| AMH American Homes 4 Rent- A | Reduce -1.3% | 1.77% | −0.28 |
| CMP Compass Minerals Internation | Reduce -1.3% | 2.20% | −0.25 |
| AKAM Akamai Technologies Inc. | Reduce -1.2% | 1.69% | −0.21 |
| CUBE Cubesmart | Reduce -1.3% | 1.74% | −0.20 |
| CTRE Caretrust REIT Inc. | Reduce -16.7% | 1.33% | −0.15 |
| CBT Cabot Corp. | Reduce -1.3% | 2.37% | −0.12 |
| MWA Mueller Water Products Inc. Class A | Reduce -4.1% | 2.53% | −0.09 |
| COHU Cohu Inc. | Reduce -5.7% | 1.28% | −0.07 |
| NVST Envista Holdings Corp. | Reduce -1.3% | 2.68% | −0.06 |
| RNR Renaissancere Holdings Ltd. | Reduce -1.3% | 1.20% | −0.02 |
| DOC Healthpeak Properties Inc. | Reduce -1.3% | 1.64% | +0.04 |
| AYI Acuity Inc. | Reduce -1.3% | 1.24% | +0.09 |
| SBH Sally Beauty Holdings Inc. | Reduce -36.2% | 4.49% | +0.28 |
| PFSI Pennymac Financial Services | Reduce -7.4% | 3.65% | +0.31 |
| ENS Enersys | Reduce -1.2% | 3.33% | +0.64 |
Portfolio Buys Q2 2025 → Q3 2025
| STRA Strategic Education Inc. | Add +155.7% | 4.49% | +2.66 |
| WFG West Fraser Timber Co. Ltd. | Add +6.4% | 4.17% | +0.92 |
| TDC Teradata Corp. | New | 0.89% | +0.89 |
| ANF Abercrombie & Fitch Co. Class A | Add +34.3% | 3.29% | +0.79 |
| TRIP Tripadvisor Inc. | Add +0.1% | 3.69% | +0.57 |
| WEX Wex Inc. | Add +19.7% | 1.54% | +0.28 |
| EHC Encompass Health Corp. | Add +12.4% | 2.64% | +0.25 |
| THR Thermon Group Holdings Inc. | Add +24.5% | 1.83% | +0.20 |
| QDEL Quidelortho Corp. | Add +7.0% | 3.27% | +0.12 |
| TOWN Towne Bank | Add +9.2% | 2.38% | +0.11 |
| TNC Tennant Co. | Add +4.0% | 2.50% | +0.08 |
| AVTR Avantor Inc. | Add +10.5% | 1.54% | −0.04 |
| GMED Globus Medical Inc. Class A | Add +6.2% | 3.21% | −0.07 |
| IRT Independence Realty Trust Inc. | Add +4.6% | 0.90% | −0.08 |
| LNN Lindsay Corp. | Add +2.0% | 3.94% | −0.23 |
| TROX Tronox Holdings PLC | Add +3.2% | 1.64% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $506.4M | SPSC, CBT, WTFC, JBL, AKAM |
| Q1 2026 | 38 | $468.1M | CBT, WTFC, SPSC, GMED, TROX |
| Q4 2025 | 39 | $482.3M | CBT, WFG, WTFC, AKAM, GMED |
| Q3 2025 | 39 | $382.4M | LITE, BC, WTFC, STRA, SBH |
| Q2 2025 | 39 | $363.6M | LITE, BC, WTFC, SBH, LNN |
| Q1 2025 | 39 | $380.0M | LITE, BC, WTFC, LNN, PFSI |
| Q4 2024 | 38 | $285.1M | BC, WTFC, JBL, LITE, ENS |