Lodbrok Capital LLP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Lodbrok Capital LLP reported 2 stock positions worth $5.4 million. Its top holding was Skillsoft (SKIL) at 99.1% of the portfolio, followed by Alvotech (ALVO, 0.9%). Compared with Q4 2024, it reduced 2. The biggest sale was Alvotech (ALVO, shares −14%).

Most Recent 13F
Q3 2025
Location
LONDON, X0
CIK
0001778719
Portfolio Value
$5.4M (Q1 2025)
SEC Filing
0000905148-25-001706 ↗ filed May 15, 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 Q4 2024 Q1 2025: $5.4M $5.4M Q1 2025 Q2 2025: $5.0M Q2 2025 Q3 2025: $4.1M Q3 2025

Holdings 2 stocks · $5.4M
SKIL Skillsoft Corp. 99.06% 277,244 $5.3M Reduce -10.9%
ALVO Alvotech SA 0.94% 156,500 $51K Reduce -13.8%
Other holdings (1): bonds, preferreds, convertibles and warrants · $24.0M (not counted above)
SecurityClassShares / PrincipalValueChange
OATLY GROUP AB (OTLY 9.25 09/14/28) NOTE 9.250% 9/1 · principal 35,940,526$24.0MNo change

Total filed on the 13F, all lines: $29.4M.

Portfolio Sells Q4 2024 → Q1 2025
ALVO Alvotech SA Reduce -13.8% 0.94% −3.36
SKIL Skillsoft Corp. Reduce -10.9% 99.06% +3.36

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

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