M & L Capital Management Ltd In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), M & L Capital Management Ltd reported 24 stock positions worth $501.4 million . Its top holding was Nvidia (NVDA) at 43.6% of the portfolio, followed by Microsoft (MSFT, 15.5% ) and Broadcom (AVGO, 8.7% ). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 4 and reduced 3. The biggest buy was a new position in Robo Global Robotics and Aut (ROBO) and the biggest sale an exit from Cadence Design SYS (CDNS).
Location LONDON, X0
CIK 0001927627
Portfolio Value $501.4M (Q3 2025) Holdings 24 stocks · $501.4M 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 Q2 2025 NVDA Nvidia Corp. 1,170,700 $218.4M No change MSFT Microsoft Corp. 150,200 $77.8M No change AVGO Broadcom Inc. 131,500 $43.4M No change ANET Arista Networks Inc. 240,800 $35.1M No change AMD Advanced Micro Devices 161,000 $26.0M No change SNPS Synopsys Inc. 44,550 $22.0M No change HOOD Robinhood Markets Inc. Class A 135,500 $19.4M Add +4.6% DELL Dell Technologies -C 88,300 $12.5M Add +1.7% ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 178,560 $11.7M New FWONK Liberty Media Corp. Class C 88,665 $9.3M No change ISRG Intuitive Surgical Inc. 17,700 $7.9M Reduce -0.3% WDAY Workday Inc. Class A 17,600 $4.2M Reduce -0.6% AVAV Aerovironment Inc. 9,000 $2.8M Add +45.2% CRM Salesforce Inc. 11,000 $2.6M No change CELH Celsius Holdings Inc. 37,800 $2.2M Add +26.0% S Sentinelone Inc. Class A 76,000 $1.3M New KRMN Karman Holdings Inc. 14,800 $1.1M New GOOG Alphabet Inc. Class C 3,850 $938K No change ARKX ARK Space & Defense Innovati 27,100 $774K New CIEN Ciena Corp. 4,900 $714K New KVYO Klaviyo Inc. Class A 25,700 $712K New EQIX Equinix Inc. 315 $247K New GRND Grindr Inc. 10,400 $156K Reduce -9.2% MSI Motorola Solutions Inc. 275 $126K No change
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($253K).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ CDNS Cadence Design SYS Inc. Sold out 0.00% −2.68 MU Micron Technology Inc. Sold out 0.00% −2.46 ISRG Intuitive Surgical Inc. Reduce -0.3% 1.58% −0.60 META Meta Platforms Inc. Class A Sold out 0.00% −0.19 WDAY Workday Inc. Class A Reduce -0.6% 0.84% −0.11 DKNG Draftkings Inc. Class A Sold out 0.00% −0.06 GRND Grindr Inc. Reduce -9.2% 0.03% −0.03
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ ROBO Robo Global Robotics and Aut New 2.33% +2.33 HOOD Robinhood Markets Inc. Class A Add +4.6% 3.87% +1.13 S Sentinelone Inc. Class A New 0.27% +0.27 KRMN Karman Holdings Inc. New 0.21% +0.21 AVAV Aerovironment Inc. Add +45.2% 0.57% +0.17 ARKX ARK Space & Defense Innovati New 0.15% +0.15 CIEN Ciena Corp. New 0.14% +0.14 KVYO Klaviyo Inc. Class A New 0.14% +0.14 CELH Celsius Holdings Inc. Add +26.0% 0.43% +0.12 DELL Dell Technologies -C Add +1.7% 2.50% +0.10 EQIX Equinix Inc. New 0.05% +0.05
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ MICROSOFT CORP call Sold out 235 $262Kbefore exit STATE STR SPDR S&P 500 ETF T put Reduce -38.7% 1,050 $253K ISHARES INC put Sold out 1,900 $87Kbefore exit INTUIT put Sold out 40 $34Kbefore 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