M & L Capital Management Ltd In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 7, 2025), M & L Capital Management Ltd reported 21 stock positions worth $443.3 million . Its top holding was Nvidia (NVDA) at 41.7% of the portfolio, followed by Microsoft (MSFT, 16.9% ) and Broadcom (AVGO, 8.2% ). Compared with Q1 2025, it opened 5 new positions, sold out of 2, added to 5 and reduced 3. The biggest buy was a new position in Robinhood Markets Class A (HOOD) and the biggest sale Alphabet Class C (GOOG, shares −96% ).
Location LONDON, X0
CIK 0001927627
Portfolio Value $443.3M (Q2 2025) Holdings 21 stocks · $443.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 NVDA Nvidia Corp. 1,170,700 $185.0M No change MSFT Microsoft Corp. 150,200 $74.7M No change AVGO Broadcom Inc. 131,500 $36.2M No change ANET Arista Networks Inc. 240,800 $24.6M No change AMD Advanced Micro Devices 161,000 $22.8M Reduce -19.5% SNPS Synopsys Inc. 44,550 $22.8M No change HOOD Robinhood Markets Inc. Class A 129,500 $12.1M New CDNS Cadence Design SYS Inc. 38,500 $11.9M No change MU Micron Technology Inc. 88,500 $10.9M Reduce -41.7% DELL Dell Technologies -C 86,800 $10.6M Add +67.6% ISRG Intuitive Surgical Inc. 17,750 $9.6M Add +0.3% FWONK Liberty Media Corp. Class C 88,665 $9.3M Add +7.5% WDAY Workday Inc. Class A 17,705 $4.2M Add +436.5% CRM Salesforce Inc. 11,000 $3.0M New AVAV Aerovironment Inc. 6,200 $1.8M Add +342.9% CELH Celsius Holdings Inc. 30,000 $1.4M New META Meta Platforms Inc. Class A 1,140 $841K No change GOOG Alphabet Inc. Class C 3,850 $683K Reduce -96.3% GRND Grindr Inc. 11,450 $260K New DKNG Draftkings Inc. Class A 6,000 $257K New MSI Motorola Solutions Inc. 275 $116K No change
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($418K), MICROSOFT CORP calls ($262K), ISHARES INC puts ($87K), INTUIT puts ($34K).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ GOOG Alphabet Inc. Class C Reduce -96.3% 0.15% −4.72 SGOV iShares 0-3 Month Treasury B Sold out 0.00% −2.25 MU Micron Technology Inc. Reduce -41.7% 2.46% −1.49 AMD Advanced Micro Devices Reduce -19.5% 5.15% −1.00 AMAT Applied Materials Inc. Sold out 0.00% −0.30
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ HOOD Robinhood Markets Inc. Class A New 2.74% +2.74 DELL Dell Technologies -C Add +67.6% 2.40% +0.99 WDAY Workday Inc. Class A Add +436.5% 0.96% +0.73 CRM Salesforce Inc. New 0.68% +0.68 AVAV Aerovironment Inc. Add +342.9% 0.40% +0.35 CELH Celsius Holdings Inc. New 0.31% +0.31 GRND Grindr Inc. New 0.06% +0.06 DKNG Draftkings Inc. Class A New 0.06% +0.06 FWONK Liberty Media Corp. Class C Add +7.5% 2.09% −0.13 ISRG Intuitive Surgical Inc. Add +0.3% 2.18% −0.45
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T put New 1,713 $418K MICROSOFT CORP call New 235 $262K ISHARES INC put New 1,900 $87K INTUIT put New 40 $34K ALPHABET INC call Sold out 45 $25Kbefore exit SALESFORCE INC call Sold out 10 $3Kbefore exit META PLATFORMS INC call Sold out 4 $2Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 17 $369.8M AVGO, MU, LITE, SMH, MRVL Q1 2026 19 $406.7M NVDA, AVGO, LITE, CIEN, LRCX Q4 2025 25 $479.6M NVDA, MSFT, AVGO, SNPS, HOOD Q3 2025 24 $501.4M NVDA, MSFT, AVGO, ANET, AMD Q2 2025 21 $443.3M NVDA, MSFT, AVGO, ANET, AMD Q1 2025 18 $334.0M NVDA, MSFT, AVGO, AMD, SNPS Q4 2024 18 $409.2M NVDA, MSFT, ANET, AVGO, AMD