Marcho Partners LLP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Marcho Partners LLP reported 7 stock positions worth $164.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 22.8% of the portfolio, followed by MercadoLibre (MELI, 20.3%) and Sea Ltd.-ADR (SE, 12.1%). Compared with Q3 2025, it sold out of 1, added to 1 and reduced 6. The biggest buy was Sea Ltd.-ADR (SE, shares +15%) and the biggest sale an exit from Gitlab Class A (GTLB).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001782974
Portfolio Value
$164.7M (Q4 2025)
SEC Filing
0001782974-26-000001 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $164.7M $164.7M Q4 2025 Q1 2026: $123.8M Q1 2026 Q2 2026: $175.8M Q2 2026

Holdings 7 stocks · $164.7M
TSM Taiwan Semiconductor-SP ADR 22.77% 123,464 $37.5M Reduce -35.2%
MELI MercadoLibre Inc. 20.34% 16,635 $33.5M Reduce -11.4%
SE Sea Ltd.-ADR 12.13% 156,592 $20.0M Add +14.6%
IBIT iShares Bitcoin Trust ETF 11.74% 389,550 $19.3M Reduce -6.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 11.20% 1,102,515 $18.5M Reduce -38.9%
SHOP Shopify Inc. Class A 11.01% 112,717 $18.1M Reduce -33.5%
GRAB Grab Holdings Ltd. Class A 10.80% 3,566,135 $17.8M Reduce -11.9%

Portfolio Sells Q3 2025 → Q4 2025
GTLB Gitlab Inc. Class A Sold out 0.00% −8.86
NU Nu Holdings Ltd./Cayman Isl-A Reduce -38.9% 11.20% −0.40
SHOP Shopify Inc. Class A Reduce -33.5% 11.01% +0.89
IBIT iShares Bitcoin Trust ETF Reduce -6.0% 11.74% +0.92
GRAB Grab Holdings Ltd. Class A Reduce -11.9% 10.80% +1.01
TSM Taiwan Semiconductor-SP ADR Reduce -35.2% 22.77% +1.40
MELI MercadoLibre Inc. Reduce -11.4% 20.34% +2.72

Portfolio Buys Q3 2025 → Q4 2025
SE Sea Ltd.-ADR Add +14.6% 12.13% +2.32

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 20,000 $13.3Mbefore exit

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