Marcho Partners LLP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Marcho Partners LLP reported 8 stock positions worth $249.0 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 21.4% of the portfolio, followed by MercadoLibre (MELI, 17.6%) and Nu Holdings Ltd./Cayman Isl-A (NU, 11.6%). Compared with Q2 2025, it added to 2 and reduced 6. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +13%) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −30%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001782974
Portfolio Value
$249.0M (Q3 2025)
SEC Filing
0001782974-25-000005 ↗ filed Nov 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $339.8M Q1 2024 Q2 2024: $330.2M Q2 2024 Q3 2024: $285.6M Q3 2024 Q4 2024: $292.3M Q4 2024 Q1 2025: $251.0M Q1 2025 Q2 2025: $254.4M Q2 2025 Q3 2025: $249.0M $249.0M Q3 2025 Q4 2025: $164.7M Q4 2025 Q1 2026: $123.8M Q1 2026 Q2 2026: $175.8M Q2 2026

Holdings 8 stocks · $249.0M
TSM Taiwan Semiconductor-SP ADR 21.37% 190,538 $53.2M Reduce -24.9%
MELI MercadoLibre Inc. 17.62% 18,769 $43.9M Add +12.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 11.61% 1,804,900 $28.9M Reduce -29.7%
IBIT iShares Bitcoin Trust ETF 10.82% 414,550 $26.9M Add +13.0%
SHOP Shopify Inc. Class A 10.12% 169,561 $25.2M Reduce -21.7%
SE Sea Ltd.-ADR 9.81% 136,606 $24.4M Reduce -13.6%
GRAB Grab Holdings Ltd. Class A 9.79% 4,050,165 $24.4M Reduce -10.4%
GTLB Gitlab Inc. Class A 8.86% 489,545 $22.1M Reduce -2.4%

Options reported separately and not counted above: SPY puts ($13.3M).

Portfolio Sells Q2 2025 → Q3 2025
NU Nu Holdings Ltd./Cayman Isl-A Reduce -29.7% 11.61% −2.24
TSM Taiwan Semiconductor-SP ADR Reduce -24.9% 21.37% −1.23
SE Sea Ltd.-ADR Reduce -13.6% 9.81% −0.14
GTLB Gitlab Inc. Class A Reduce -2.4% 8.86% −0.03
SHOP Shopify Inc. Class A Reduce -21.7% 10.12% +0.30
GRAB Grab Holdings Ltd. Class A Reduce -10.4% 9.79% +0.85

Portfolio Buys Q2 2025 → Q3 2025
IBIT iShares Bitcoin Trust ETF Add +13.0% 10.82% +2.00
MELI MercadoLibre Inc. Add +12.5% 17.62% +0.49

Options Activity Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -55.6% 20,000 $13.3M

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 6$175.8MTSM, MELI, SE, SHOP, SMH
Q1 2026 5$123.8MTSM, MELI, IBIT, SHOP, SE
Q4 2025 7$164.7MTSM, MELI, SE, IBIT, NU
Q3 2025 8$249.0MTSM, MELI, NU, IBIT, SHOP
Q2 2025 8$254.4MTSM, MELI, NU, SE, SHOP
Q1 2025 8$251.0MMELI, TSM, NU, SHOP, GRAB
Q4 2024 9$292.3MMELI, TSM, NU, DLO, SHOP
Q3 2024 10$285.6MMELI, SHOP, DLO, NU, GRAB
Q2 2024 9$330.2MMELI, SHOP, GTLB, ESTC, DLO
Q1 2024 9$339.8MMELI, DLO, SPOT, SHOP, ESTC