Lodbrok Capital LLP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Lodbrok Capital LLP reported 2 stock positions worth $7.8 million. Its top holding was Skillsoft (SKIL) at 95.7% of the portfolio, followed by Alvotech (ALVO, 4.3%). Compared with Q3 2024, it sold out of 1 and reduced 1. The biggest sale was an exit from Valaris (VAL).

Most Recent 13F
Q3 2025
Location
LONDON, X0
CIK
0001778719
Portfolio Value
$7.8M (Q4 2024)
SEC Filing
0000905148-25-000611 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $157.9M Q1 2024 Q2 2024: $143.2M Q2 2024 Q3 2024: $103.9M Q3 2024 Q4 2024: $7.8M $7.8M Q4 2024 Q1 2025: $5.4M Q1 2025 Q2 2025: $5.0M Q2 2025 Q3 2025: $4.1M Q3 2025

Holdings 2 stocks · $7.8M
SKIL Skillsoft Corp. 95.70% 311,345 $7.5M Reduce -1.9%
ALVO Alvotech SA 4.30% 181,587 $335K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $24.3M (not counted above)
SecurityClassShares / PrincipalValueChange
OATLY GROUP AB (OTLY 9.25 09/14/28) NOTE 9.250% 9/1 · principal 35,940,526$24.3MAdd +18.7%

Total filed on the 13F, all lines: $32.1M.

Portfolio Sells Q3 2024 → Q4 2024
VAL Valaris Ltd. Sold out 0.00% −95.04
SKIL Skillsoft Corp. Reduce -1.9% 95.70% +90.97

Portfolio Buys Q3 2024 → Q4 2024
None this quarter.

Options Activity Q3 2024 → Q4 2024
OIH Vaneck Oil Services ETF put Sold out 630,000 $178.7Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024
OATLY GROUP AB (OTLY 9.25 09/14/28) NOTE 9.250% 9/1 · principal Add +18.7% 35,940,526 $24.3M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 2$4.1MSKIL, ALVO
Q2 2025 2$5.0MSKIL, ALVO
Q1 2025 2$5.4MSKIL, ALVO
Q4 2024 2$7.8MSKIL, ALVO
Q3 2024 3$103.9MVAL, SKIL, ALVO
Q2 2024 3$143.2MVAL, ALVO, SKIL
Q1 2024 3$157.9MVAL, ALVO, SKIL