Naya Capital Management UK Ltd.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Naya Capital Management UK Ltd. reported 5 stock positions worth $1.3 billion. Its top holding was Humana (HUM) at 24.0% of the portfolio, followed by Unitedhealth (UNH, 22.7%) and Woodward (WWD, 22.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 1. The biggest buy was a new position in Liberty Media Class C (FWONK) and the biggest sale an exit from Applied Materials (AMAT).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001665012
Portfolio Value
$1.3B (Q4 2025)
SEC Filing
0001172661-26-001276 ↗ filed Feb 18, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $944.3M Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.3B $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 5 stocks · $1.3B
HUM Humana Inc. 23.98% 1,243,184 $318.4M Add +59.0%
UNH Unitedhealth Group Inc. 22.69% 912,732 $301.3M Add +1.3%
WWD Woodward Inc. 22.37% 982,873 $297.1M Reduce -28.5%
FWONK Liberty Media Corp. Class C 15.68% 2,113,878 $208.2M New
MASI Masimo Corp. 15.28% 1,560,697 $203.0M New

Portfolio Sells Q3 2025 → Q4 2025
AMAT Applied Materials Inc. Sold out 0.00% −15.35
FERG Ferguson Enterprises Inc. Sold out 0.00% −11.30
WWD Woodward Inc. Reduce -28.5% 22.37% −7.20

Portfolio Buys Q3 2025 → Q4 2025
FWONK Liberty Media Corp. Class C New 15.68% +15.68
MASI Masimo Corp. New 15.28% +15.28
HUM Humana Inc. Add +59.0% 23.98% +6.68
UNH Unitedhealth Group Inc. Add +1.3% 22.69% −3.79

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$1.7BHUM, FWONK, UNH
Q1 2026 4$1.2BFWONK, HUM, UNH, WWD
Q4 2025 5$1.3BHUM, UNH, WWD, FWONK, MASI
Q3 2025 5$1.2BWWD, UNH, HUM, AMAT, FERG
Q2 2025 4$1.3BAMAT, WWD, FERG, UNH
Q1 2025 4$1.1BAMAT, WWD, CP, FERG
Q4 2024 5$944.3MAMAT, WWD, CP, ORCL, ECG
Q3 2024 5$1.1BV, AMAT, CP, BAH, WWD
Q2 2024 5$1.2BAMAT, V, CP, BAH, PGRU
Q1 2024 5$1.2BAMAT, V, CP, BAH, PGRU