Mirabella Financial Services LLP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mirabella Financial Services LLP reported 657 stock positions worth $977.9 million. Its top holding was ADS-Tec Energy (ADSE) at 23.5% of the portfolio, followed by Carvana (CVNA, 4.2%) and First Busey (BUSE, 2.9%). Compared with Q3 2025, it opened 546 new positions, sold out of 137, added to 49 and reduced 60. The biggest buy was ADS-Tec Energy (ADSE, shares +4%) and the biggest sale Microsoft (MSFT, shares −87%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001538853
Portfolio Value
$977.9M (Q4 2025)
SEC Filing
0001172661-26-000932 ↗ filed Feb 17, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $929.3M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $977.9M $977.9M Q4 2025 Q1 2026: $986.9M Q1 2026 Q2 2026: $941.7M Q2 2026

Holdings 657 stocks · $977.9M
ADSE ADS-Tec Energy PLC 23.49% 18,113,463 $229.7M Add +4.3%
CVNA Carvana Co. 4.15% 96,199 $40.6M Add +1.2%
BUSE First Busey Corp. 2.89% 1,187,651 $28.3M Add +9.7%
KWY Kingsway Corp. 2.73% 1,983,825 $26.7M Reduce -9.4%
SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY 2.66% 18,711,263 $26.0M Add +20.0%
EG Everest Group Ltd. 2.17% 62,448 $21.2M Reduce -2.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 1.98% 247,500 $19.3M Add +13.9%
IWM iShares Russell 2000 ETF 1.54% 61,000 $15.0M New
RCI Rogers Communications Inc. Class B 1.51% 390,111 $14.7M Add +542.5%
GOOG Alphabet Inc. Class C 1.34% 41,657 $13.1M Add +189.3%
MXCT Maxcyte Inc. 1.30% 8,200,000 $12.7M No change
DKNG Draftkings Inc. Class A 1.12% 318,761 $11.0M Add +37.5%
IBKR Interactive Brokers Gro Class A 1.09% 166,501 $10.7M New
SPY SS SPDR S&P 500 ETF Trust-US 1.07% 15,400 $10.5M New
AXS Axis Capital Holdings Ltd. 0.96% 87,366 $9.4M Reduce -23.0%
LQDA Liquidia Corp. 0.87% 247,799 $8.5M Add +0.2%
EQNR Equinor ASA-Spon ADR 0.72% 300,000 $7.1M No change
MRVI Maravai Lifesciences Hldgs-A 0.70% 2,110,545 $6.9M Reduce -43.7%
BANC Banc of California Inc. 0.69% 347,887 $6.7M Reduce -50.6%
SRLN SS Blackstone Sr Loan ETF 0.66% 156,900 $6.5M Add +12.2%
PH Parker Hannifin Corp. 0.65% 7,176 $6.3M Add +135.0%
FSUN Firstsun Capital Bancorp 0.64% 166,075 $6.3M New
JCI Johnson Controls Internation 0.62% 50,278 $6.0M Reduce -29.2%
VZ Verizon Communications Inc. 0.58% 138,094 $5.6M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.57% 333,946 $5.6M New
ETOR Etoro Group Ltd. Class A 0.57% 158,300 $5.6M New
MMM 3M Co. 0.55% 33,524 $5.4M Reduce -16.8%
PCAR Paccar Inc. 0.53% 47,444 $5.2M Reduce -43.5%
WAB Wabtec Corp. 0.51% 23,532 $5.0M New
CMI Cummins Inc. 0.51% 9,838 $5.0M New
META Meta Platforms Inc. Class A 0.51% 7,599 $5.0M Reduce -70.1%
AMZN Amazon.com Inc. 0.51% 21,706 $5.0M Reduce -77.3%
OMC Omnicom Group 0.51% 61,589 $5.0M New
LAUR Laureate Education Inc. 0.50% 144,156 $4.9M Add +28.5%
RSI Rush Street Interactive Inc. 0.49% 246,484 $4.8M New
HON Honeywell International Inc. 0.48% 23,814 $4.6M Reduce -8.9%
NVDA Nvidia Corp. 0.47% 24,517 $4.6M Reduce -86.0%
IFS Intercorp Financial Services 0.46% 106,981 $4.5M Add +10.0%
VMC Vulcan Materials Co. 0.44% 15,150 $4.3M Reduce -34.2%
XP XP Inc. Class A 0.44% 262,897 $4.3M New
ALLE Allegion PLC 0.43% 26,258 $4.2M Reduce -44.5%
MSFT Microsoft Corp. 0.42% 8,498 $4.1M Reduce -87.2%
FCFS Firstcash Holdings Inc. 0.40% 24,822 $4.0M Add +13.6%
AUGO Aura Minerals Inc. 0.40% 78,200 $3.9M Reduce -2.3%
EPAM Epam Systems Inc. 0.40% 19,144 $3.9M New
JBS JBS NV-A 0.40% 270,782 $3.9M Add +10.0%
PSMT Pricesmart Inc. 0.39% 31,383 $3.8M Add +9.8%
DLO Dlocal Ltd. 0.36% 251,386 $3.6M Add +66.1%
VIST Vista Energy Sab DE CV 0.34% 68,556 $3.3M Add +15.3%
BAP Credicorp Ltd. 0.34% 11,588 $3.3M Reduce -28.3%
FCX Freeport-McMoran Inc. 0.33% 63,648 $3.2M Add +9.3%
CAT Caterpillar Inc. 0.30% 5,202 $3.0M Reduce -65.3%
ADSK Autodesk Inc. 0.29% 9,746 $2.9M Add +17.5%
AERO Grupo Aeromexico Sab DE CV 0.27% 119,893 $2.6M New
BSY Bentley Systems Inc. Class B 0.27% 68,714 $2.6M New
CX Cemex Sab-Spons ADR Part Cer 0.27% 227,828 $2.6M Add +166.1%
FWONK Liberty Media Corp. Class C 0.26% 25,732 $2.5M New
AMAT Applied Materials Inc. 0.26% 9,850 $2.5M Reduce -67.0%
GLOB Globant SA 0.25% 36,818 $2.4M Add +164.5%
VALE Vale SA-SP ADR 0.24% 181,158 $2.4M New
GTLB Gitlab Inc. Class A 0.24% 62,076 $2.3M New
SE Sea Ltd.-ADR 0.23% 17,909 $2.3M Reduce -59.8%
DOX Amdocs Ltd. 0.23% 27,834 $2.2M Add +225.7%
ON On Semiconductor 0.22% 39,471 $2.1M New
TECK Teck Resources Ltd.-CLS B 0.21% 42,938 $2.1M Add +10.0%
DOV Dover Corp. 0.20% 9,897 $1.9M New
GPRK Geopark Ltd. 0.19% 251,600 $1.9M New
TXN Texas Instruments Inc. 0.19% 10,678 $1.9M New
GRAB Grab Holdings Ltd. Class A 0.19% 363,054 $1.8M New
BIP Brookfield Infrastructure Pa 0.18% 50,400 $1.8M New
UBS UBS Group AG-Reg 0.18% 37,169 $1.7M Reduce -64.5%
FCEL Fuelcell Energy Inc. 0.17% 233,787 $1.7M New
BEP Brookfield Renewable Partner 0.17% 62,600 $1.7M New
TTWO Take-Two Interactive Softwre 0.16% 6,231 $1.6M Add +658.0%
ENTG Entegris Inc. 0.16% 18,264 $1.5M New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.15% 54,307 $1.5M Reduce -61.9%
EU Encore Energy Corp. 0.15% 600,000 $1.5M Reduce -29.4%
WK Workiva Inc. 0.14% 16,228 $1.4M Add +299.0%
VINP Vinci Compass Investments LT 0.14% 106,283 $1.4M Add +8.5%
BWA Borgwarner Inc. 0.14% 30,681 $1.4M New
PNR Pentair PLC 0.14% 13,071 $1.4M New
WDAY Workday Inc. Class A 0.14% 6,238 $1.3M Add +15.3%
OTIS Otis Worldwide Corp. 0.13% 15,000 $1.3M Reduce -12.3%
CEPU Central Puerto-Sponsored ADR 0.13% 72,980 $1.3M New
KEY Keycorp 0.12% 58,979 $1.2M New
LTM Latam Airlines Group SA-ADR 0.12% 22,500 $1.2M New
MTB M & T Bank Corp. filed as M & T BK CORP 0.12% 5,880 $1.2M New
AA Alcoa Corp. 0.12% 21,315 $1.1M Reduce -94.8%
FULT Fulton Financial Corp. 0.11% 57,288 $1.1M New
XYL Xylem Inc. 0.11% 8,013 $1.1M New
UUUU Energy Fuels Inc. 0.11% 75,000 $1.1M New
TBBB BBB Foods Inc. Class A 0.11% 32,626 $1.1M New
AMRZ Amrize Ltd. 0.11% 20,000 $1.1M New
KLIC Kulicke & Soffa Industries 0.11% 23,615 $1.1M New
NVT Nvent Electric PLC 0.11% 10,506 $1.1M New
TSM Taiwan Semiconductor-SP ADR 0.11% 3,500 $1.1M Reduce -79.8%
TIGO Millicom Intl Cellular S.A. 0.11% 18,726 $1.0M Reduce -40.9%
GWRE Guidewire Software Inc. 0.10% 4,963 $998K New
TNL Travel + Leisure Co. 0.10% 14,109 $995K New
ASML ASML Holding NV-NY Reg SHS 0.10% 925 $990K New

Show all 657 holdings

Options reported separately and not counted above: XOP calls ($25.3M), XOM puts ($10.8M), B calls ($414K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $60.2M (not counted above)
SecurityClassShares / PrincipalValueChange
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 42,500,000$50.3MNew
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal 5,000,000$6.7MNo change
ADSEW ADS-Tec Energy PLC-WRNT *W EXP 99/99/999 361,392$3.2MAdd +134.9%

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -87.2% 0.42% −2.59
NVDA Nvidia Corp. Reduce -86.0% 0.47% −2.39
GOOGL Alphabet Inc. Class A Sold out 0.00% −2.07
AAPL Apple Inc. Sold out 0.00% −2.05
CMBT CMB Tech NV Sold out 0.00% −1.96
AMZN Amazon.com Inc. Reduce -77.3% 0.51% −1.32
META Meta Platforms Inc. Class A Reduce -70.1% 0.51% −1.12
JPM JPMorgan Chase & Co. Sold out 0.00% −1.09
AVGO Broadcom Inc. Sold out 0.00% −1.07
AA Alcoa Corp. Reduce -94.8% 0.12% −1.05
BLND Blend Labs Inc. Class A Sold out 0.00% −0.84
V Visa Inc. Class A Sold out 0.00% −0.76
ABBV Abbvie Inc. Sold out 0.00% −0.67
ORCL Oracle Corp. Sold out 0.00% −0.64
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.63
NOW ServiceNow Inc. Sold out 0.00% −0.60
AUB Atlantic Union Bankshares Co. Sold out 0.00% −0.59
OC Owens Corning Sold out 0.00% −0.52
STLD Steel Dynamics Inc. Sold out 0.00% −0.51
HUBB Hubbell Inc. Sold out 0.00% −0.50
NFLX Netflix Inc. Sold out 0.00% −0.49
TMUS T-Mobile US Inc. Sold out 0.00% −0.48
HCA HCA Healthcare Inc. Sold out 0.00% −0.47
SE Sea Ltd.-ADR Reduce -59.8% 0.23% −0.46
PGR Progressive Corp. Sold out 0.00% −0.46
BKNG Booking Holdings Inc. Reduce -89.7% 0.06% −0.42
T AT&T Inc. Sold out 0.00% −0.40
CME Cme Group Inc. Sold out 0.00% −0.40
TDG Transdigm Group Inc. Reduce -95.5% 0.02% −0.39
LLY Eli Lilly & Co. Sold out 0.00% −0.36
PEP Pepsico Inc. Reduce -88.7% 0.05% −0.35
TSLA Tesla Inc. Sold out 0.00% −0.34
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.34
BANC Banc of California Inc. Reduce -50.6% 0.69% −0.33
CPA Copa Holdings SA Class A Sold out 0.00% −0.33
SYK Stryker Corp. Sold out 0.00% −0.33
DG Dollar General Corp. Sold out 0.00% −0.33
CAT Caterpillar Inc. Reduce -65.3% 0.30% −0.33
TSN Tyson Foods Inc. Class A Sold out 0.00% −0.32
TSM Taiwan Semiconductor-SP ADR Reduce -79.8% 0.11% −0.31
ALLE Allegion PLC Reduce -44.5% 0.43% −0.30
KNSL Kinsale Capital Group Inc. Sold out 0.00% −0.29
SHOP Shopify Inc. Class A Sold out 0.00% −0.29
VLO Valero Energy Corp. Sold out 0.00% −0.28
KMI Kinder Morgan Inc. Sold out 0.00% −0.28
AMAT Applied Materials Inc. Reduce -67.0% 0.26% −0.28
THO Thor Industries Inc. Sold out 0.00% −0.27
UNH Unitedhealth Group Inc. Sold out 0.00% −0.27
ADP Automatic Data Processing Sold out 0.00% −0.27
ANET Arista Networks Inc. Reduce -89.0% 0.04% −0.27

Portfolio Buys Q3 2025 → Q4 2025
ADSE ADS-Tec Energy PLC Add +4.3% 23.49% +5.25
IWM iShares Russell 2000 ETF New 1.54% +1.54
RCI Rogers Communications Inc. Class B Add +542.5% 1.51% +1.32
IBKR Interactive Brokers Gro Class A New 1.09% +1.09
SPY SS SPDR S&P 500 ETF Trust-US New 1.07% +1.07
GOOG Alphabet Inc. Class C Add +189.3% 1.34% +1.03
CVNA Carvana Co. Add +1.2% 4.15% +1.01
BUSE First Busey Corp. Add +9.7% 2.89% +0.70
FSUN Firstsun Capital Bancorp New 0.64% +0.64
VZ Verizon Communications Inc. New 0.58% +0.58
NU Nu Holdings Ltd./Cayman Isl-A New 0.57% +0.57
ETOR Etoro Group Ltd. Class A New 0.57% +0.57
WAB Wabtec Corp. New 0.51% +0.51
CMI Cummins Inc. New 0.51% +0.51
OMC Omnicom Group New 0.51% +0.51
RSI Rush Street Interactive Inc. New 0.49% +0.49
PH Parker Hannifin Corp. Add +135.0% 0.65% +0.44
XP XP Inc. Class A New 0.44% +0.44
KSPI JSC Kaspi.kz ADR Add +13.9% 1.98% +0.42
EPAM Epam Systems Inc. New 0.40% +0.40
LQDA Liquidia Corp. Add +0.2% 0.87% +0.38
DKNG Draftkings Inc. Class A Add +37.5% 1.12% +0.36
AERO Grupo Aeromexico Sab DE CV New 0.27% +0.27
BSY Bentley Systems Inc. Class B New 0.27% +0.27
FWONK Liberty Media Corp. Class C New 0.26% +0.26
VALE Vale SA-SP ADR New 0.24% +0.24
GTLB Gitlab Inc. Class A New 0.24% +0.24
ON On Semiconductor New 0.22% +0.22
CX Cemex Sab-Spons ADR Part Cer Add +166.1% 0.27% +0.20
DOV Dover Corp. New 0.20% +0.20
GPRK Geopark Ltd. New 0.19% +0.19
TXN Texas Instruments Inc. New 0.19% +0.19
GRAB Grab Holdings Ltd. Class A New 0.19% +0.19
LAUR Laureate Education Inc. Add +28.5% 0.50% +0.19
BIP Brookfield Infrastructure Pa New 0.18% +0.18
GLOB Globant SA Add +164.5% 0.25% +0.18
FCEL Fuelcell Energy Inc. New 0.17% +0.17
DLO Dlocal Ltd. Add +66.1% 0.36% +0.17
BEP Brookfield Renewable Partner New 0.17% +0.17
DOX Amdocs Ltd. Add +225.7% 0.23% +0.17
VIST Vista Energy Sab DE CV Add +15.3% 0.34% +0.16
ENTG Entegris Inc. New 0.16% +0.16
SRLN SS Blackstone Sr Loan ETF Add +12.2% 0.66% +0.15
TTWO Take-Two Interactive Softwre Add +658.0% 0.16% +0.14
BWA Borgwarner Inc. New 0.14% +0.14
PNR Pentair PLC New 0.14% +0.14
FCX Freeport-McMoran Inc. Add +9.3% 0.33% +0.13
CEPU Central Puerto-Sponsored ADR New 0.13% +0.13
KEY Keycorp New 0.12% +0.12
LTM Latam Airlines Group SA-ADR New 0.12% +0.12

Options Activity Q3 2025 → Q4 2025
XOP SS SPDR S&P Og Exp & Prod call New 200,000 $25.3M
XOM Exxon Mobil Corp. put New 90,000 $10.8M
NXE Nexgen Energy Ltd. call Sold out 400,000 $3.6Mbefore exit
B Barrick Mining Corp. call New 9,500 $414K

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

Notes & Other Activity Q3 2025 → Q4 2025
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal New 42,500,000 $50.3M
ADSEW ADS-Tec Energy PLC-WRNT *W EXP 99/99/999 Add +134.9% 361,392 $3.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 660$941.7MADSE, IWM, OCFC, BUSE, FSUN
Q1 2026 878$986.9MADSE, BUSE, EG, FSUN, OCFC
Q4 2025 657$977.9MADSE, CVNA, BUSE, KWY, SKIN
Q3 2025Amended 248$1.1BADSE, CVNA, MSFT, NVDA, KWY
Q2 2025 202$929.3MADSE, CVNA, KWY, EG, SKIN
Q1 2025Amended 227$2.4BADSE, MSFT, AMZN, AAPL, NVDA
Q4 2024 224$1.1BADSE, MSFT, NVDA, AMZN, GOOGL
Q3 2024 145$1.8BTLN, GOOGL, BRK.A, LBRDK, CUK
Q2 2024 413$1.2BGOOGL, CUK, LBRDK, NWSA, FOX
Q1 2024 484$1.4BGOOGL, LBTYA, LBRDK, CUK, ADSE