M & L Capital Management Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 7, 2025), M & L Capital Management Ltd reported 18 stock positions worth $334.0 million. Its top holding was Nvidia (NVDA) at 38.0% of the portfolio, followed by Microsoft (MSFT, 16.9%) and Broadcom (AVGO, 6.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 1 and reduced 2. The biggest buy was Liberty Media Class C (FWONK, shares +118%) and the biggest sale Arista Networks (ANET, shares −25%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001927627
Portfolio Value
$334.0M (Q1 2025)
SEC Filing
0001927627-25-000004 ↗ filed Apr 7, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q4 2024: $409.2M Q4 2024 Q1 2025: $334.0M $334.0M Q1 2025 Q2 2025: $443.3M Q2 2025 Q3 2025: $501.4M Q3 2025 Q4 2025: $479.6M Q4 2025 Q1 2026: $406.7M Q1 2026 Q2 2026: $369.8M Q2 2026

Holdings 18 stocks · $334.0M
NVDA Nvidia Corp. 37.99% 1,170,700 $126.9M No change
MSFT Microsoft Corp. 16.88% 150,200 $56.4M No change
AVGO Broadcom Inc. 6.59% 131,500 $22.0M No change
AMD Advanced Micro Devices 6.15% 200,000 $20.5M No change
SNPS Synopsys Inc. 5.72% 44,550 $19.1M No change
ANET Arista Networks Inc. 5.59% 240,800 $18.7M Reduce -25.2%
GOOG Alphabet Inc. Class C 4.87% 104,200 $16.3M No change
MU Micron Technology Inc. 3.95% 151,800 $13.2M No change
CDNS Cadence Design SYS Inc. 2.93% 38,500 $9.8M No change
ISRG Intuitive Surgical Inc. 2.62% 17,700 $8.8M No change
SGOV iShares 0-3 Month Treasury B 2.25% 74,700 $7.5M No change
FWONK Liberty Media Corp. Class C 2.22% 82,450 $7.4M Add +117.8%
DELL Dell Technologies -C 1.41% 51,800 $4.7M No change
AMAT Applied Materials Inc. 0.30% 6,800 $987K No change
WDAY Workday Inc. Class A 0.23% 3,300 $771K New
META Meta Platforms Inc. Class A 0.20% 1,140 $657K New
AVAV Aerovironment Inc. 0.05% 1,400 $167K New
MSI Motorola Solutions Inc. 0.04% 275 $120K Reduce -97.4%

Options reported separately and not counted above: ALPHABET INC calls ($25K), SALESFORCE INC calls ($3K), META PLATFORMS INC calls ($2K).

Portfolio Sells Q4 2024 → Q1 2025
ANET Arista Networks Inc. Reduce -25.2% 5.59% −3.11
MSI Motorola Solutions Inc. Reduce -97.4% 0.04% −1.14
WDC Western Digital Corp. Sold out 0.00% −0.05
TEXAS INSTRS INC Sold out 0.00% −0.05
IBM Intl Business Machines Corp. Sold out 0.00% −0.01

Portfolio Buys Q4 2024 → Q1 2025
FWONK Liberty Media Corp. Class C Add +117.8% 2.22% +1.36
WDAY Workday Inc. Class A New 0.23% +0.23
META Meta Platforms Inc. Class A New 0.20% +0.20
AVAV Aerovironment Inc. New 0.05% +0.05

Options Activity Q4 2024 → Q1 2025
ANALOG DEVICES INC put Sold out 1,907 $606Kbefore exit
NIKE INC put Sold out 2,380 $536Kbefore exit
ON SEMICONDUCTOR CORP put Sold out 700 $263Kbefore exit
ALPHABET INC call New 45 $25K
SALESFORCE INC call New 10 $3K
META PLATFORMS INC call New 4 $2K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 17$369.8MAVGO, MU, LITE, SMH, MRVL
Q1 2026 19$406.7MNVDA, AVGO, LITE, CIEN, LRCX
Q4 2025 25$479.6MNVDA, MSFT, AVGO, SNPS, HOOD
Q3 2025 24$501.4MNVDA, MSFT, AVGO, ANET, AMD
Q2 2025 21$443.3MNVDA, MSFT, AVGO, ANET, AMD
Q1 2025 18$334.0MNVDA, MSFT, AVGO, AMD, SNPS
Q4 2024 18$409.2MNVDA, MSFT, ANET, AVGO, AMD