Lightrock Netherlands B.V.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Lightrock Netherlands B.V. reported 39 stock positions worth $482.3 million. Its top holding was Cabot (CBT) at 7.0% of the portfolio, followed by West Fraser Timber (WFG, 5.6%) and Wintrust Financial (WTFC, 5.3%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 21 and reduced 14. The biggest buy was Cabot (CBT, shares +227%) and the biggest sale an exit from Sally Beauty (SBH).
- Most Recent 13F
- Q2 2026
- Location
- UTRECHT, P7
- CIK
- 0002041485
- Portfolio Value
- $482.3M (Q4 2025)
- SEC Filing
- 0002041485-26-000001 ↗ filed Jan 26, 2026
Holdings Value
Holdings 39 stocks · $482.3M
| CBT Cabot Corp. | 7.05% | 457,778 | $34.0M | Add +227.3% |
| WFG West Fraser Timber Co. Ltd. | 5.56% | 320,303 | $26.8M | Add +16.1% |
| WTFC Wintrust Financial Corp. | 5.26% | 181,500 | $25.4M | Add +2.3% |
| AKAM Akamai Technologies Inc. | 4.75% | 262,396 | $22.9M | Add +161.6% |
| GMED Globus Medical Inc. Class A | 4.62% | 255,400 | $22.3M | Add +1.4% |
| STRA Strategic Education Inc. | 4.06% | 244,219 | $19.6M | Add +4.0% |
| PFSI Pennymac Financial Services | 3.40% | 124,313 | $16.4M | Reduce -6.2% |
| TRIP Tripadvisor Inc. | 3.24% | 1,072,810 | $15.6M | Add +5.1% |
| LNN Lindsay Corp. | 3.24% | 132,415 | $15.6M | Add +5.2% |
| JBL Jabil Inc. | 3.15% | 66,648 | $15.2M | Add +53.2% |
| RNR Renaissancere Holdings Ltd. | 3.01% | 1,017,508 | $14.5M | Add +4690.1% |
| FSLR First Solar Inc. | 3.00% | 666,307 | $14.5M | Add +2663.8% |
| ANF Abercrombie & Fitch Co. Class A | 2.79% | 106,974 | $13.5M | Reduce -38.0% |
| QDEL Quidelortho Corp. | 2.73% | 461,000 | $13.2M | Reduce -7.5% |
| TROX Tronox Holdings PLC | 2.64% | 3,051,286 | $12.7M | Add +66.8% |
| CUBE Cubesmart | 2.57% | 630,873 | $12.4M | Add +227.5% |
| MWA Mueller Water Products Inc. Class A | 2.45% | 496,784 | $11.8M | Add +11.4% |
| NVST Envista Holdings Corp. | 2.43% | 79,939 | $11.7M | Reduce -86.5% |
| LITE Lumentum Holdings Inc. | 2.36% | 30,921 | $11.4M | Reduce -83.1% |
| CTRE Caretrust REIT Inc. | 2.31% | 167,844 | $11.1M | Reduce -2.5% |
| TOWN Towne Bank | 2.29% | 331,252 | $11.1M | Add +7.3% |
| ENS Enersys | 2.28% | 103,806 | $11.0M | Reduce -21.6% |
| TNC Tennant Co. | 2.27% | 148,526 | $10.9M | Add +7.2% |
| DRH Diamondrock Hospitality Co. | 1.95% | 261,807 | $9.4M | Reduce -27.3% |
| ALGM Allegro Microsystems Inc. | 1.94% | 354,390 | $9.3M | New |
| WEX Wex Inc. | 1.93% | 62,500 | $9.3M | Add +42.7% |
| THR Thermon Group Holdings Inc. | 1.91% | 248,075 | $9.2M | Reduce -19.2% |
| AVTR Avantor Inc. | 1.78% | 267,468 | $8.6M | Reduce -51.8% |
| BC Brunswick Corp. | 1.57% | 660,380 | $7.6M | Add +51.7% |
| SPSC SPS Commerce Inc. | 1.53% | 82,898 | $7.4M | New |
| DAR Darling Ingredients Inc. | 1.44% | 192,626 | $6.9M | Reduce -26.4% |
| DOC Healthpeak Properties Inc. | 1.34% | 400,521 | $6.4M | Add +3.9% |
| COHU Cohu Inc. | 1.29% | 172,105 | $6.2M | Reduce -39.2% |
| AYI Acuity Inc. | 1.21% | 16,203 | $5.8M | No change |
| CMP Compass Minerals Internation | 1.11% | 230,089 | $5.4M | Reduce -55.2% |
| IRT Independence Realty Trust Inc. | 0.98% | 271,434 | $4.7M | Add +9.7% |
| GNTX Gentex Corp. | 0.93% | 192,384 | $4.5M | No change |
| TDC Teradata Corp. | 0.82% | 130,423 | $4.0M | Reduce -29.7% |
| EHC Encompass Health Corp. | 0.80% | 430,000 | $3.9M | Add +360.9% |
Portfolio Sells Q3 2025 → Q4 2025
| SBH Sally Beauty Holdings Inc. | Sold out | 0.00% | −4.49 |
| LITE Lumentum Holdings Inc. | Reduce -83.1% | 2.36% | −4.27 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −1.77 |
| CMP Compass Minerals Internation | Reduce -55.2% | 1.11% | −1.09 |
| ENS Enersys | Reduce -21.6% | 2.28% | −1.05 |
| QDEL Quidelortho Corp. | Reduce -7.5% | 2.73% | −0.54 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -38.0% | 2.79% | −0.50 |
| DAR Darling Ingredients Inc. | Reduce -26.4% | 1.44% | −0.36 |
| PFSI Pennymac Financial Services | Reduce -6.2% | 3.40% | −0.26 |
| NVST Envista Holdings Corp. | Reduce -86.5% | 2.43% | −0.25 |
| TDC Teradata Corp. | Reduce -29.7% | 0.82% | −0.06 |
| COHU Cohu Inc. | Reduce -39.2% | 1.29% | +0.01 |
| THR Thermon Group Holdings Inc. | Reduce -19.2% | 1.91% | +0.09 |
| AVTR Avantor Inc. | Reduce -51.8% | 1.78% | +0.24 |
| CTRE Caretrust REIT Inc. | Reduce -2.5% | 2.31% | +0.98 |
| DRH Diamondrock Hospitality Co. | Reduce -27.3% | 1.95% | +1.32 |
Portfolio Buys Q3 2025 → Q4 2025
| CBT Cabot Corp. | Add +227.3% | 7.05% | +4.68 |
| AKAM Akamai Technologies Inc. | Add +161.6% | 4.75% | +3.06 |
| ALGM Allegro Microsystems Inc. | New | 1.94% | +1.94 |
| FSLR First Solar Inc. | Add +2663.8% | 3.00% | +1.82 |
| RNR Renaissancere Holdings Ltd. | Add +4690.1% | 3.01% | +1.81 |
| SPSC SPS Commerce Inc. | New | 1.53% | +1.53 |
| GMED Globus Medical Inc. Class A | Add +1.4% | 4.62% | +1.41 |
| WFG West Fraser Timber Co. Ltd. | Add +16.1% | 5.56% | +1.39 |
| JBL Jabil Inc. | Add +53.2% | 3.15% | +1.05 |
| TROX Tronox Holdings PLC | Add +66.8% | 2.64% | +1.00 |
| CUBE Cubesmart | Add +227.5% | 2.57% | +0.83 |
| WEX Wex Inc. | Add +42.7% | 1.93% | +0.39 |
| IRT Independence Realty Trust Inc. | Add +9.7% | 0.98% | +0.08 |
| WTFC Wintrust Financial Corp. | Add +2.3% | 5.26% | +0.03 |
| MWA Mueller Water Products Inc. Class A | Add +11.4% | 2.45% | −0.08 |
| TOWN Towne Bank | Add +7.3% | 2.29% | −0.08 |
| TNC Tennant Co. | Add +7.2% | 2.27% | −0.23 |
| DOC Healthpeak Properties Inc. | Add +3.9% | 1.34% | −0.31 |
| STRA Strategic Education Inc. | Add +4.0% | 4.06% | −0.43 |
| TRIP Tripadvisor Inc. | Add +5.1% | 3.24% | −0.46 |
| LNN Lindsay Corp. | Add +5.2% | 3.24% | −0.70 |
| EHC Encompass Health Corp. | Add +360.9% | 0.80% | −1.84 |
| BC Brunswick Corp. | Add +51.7% | 1.57% | −4.56 |
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 |