Nekton Capital Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Nekton Capital Ltd. reported 18 stock positions worth $49.4 million. Its top holding was Prologis (PLD) at 11.3% of the portfolio, followed by Medtronic (MDT, 10.4%) and Udr (UDR, 10.0%). Compared with Q2 2025, it opened 10 new positions, sold out of 5, added to 2 and reduced 5. The biggest buy was a new position in Medtronic (MDT) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q3 2025
- Location
- LONDON, X0
- CIK
- 0001884716
- Portfolio Value
- $49.4M (Q3 2025)
- SEC Filing
- 0001884716-25-000006 ↗ filed Nov 14, 2025
Holdings Value
Holdings 18 stocks · $49.4M
| PLD Prologis Inc. | 11.25% | 48,517 | $5.6M | Add +9.1% |
| MDT Medtronic PLC | 10.42% | 54,000 | $5.1M | New |
| UDR Udr Inc. | 10.00% | 132,565 | $4.9M | Add +46.4% |
| UNP Union Pacific Corp. | 9.81% | 20,482 | $4.8M | Reduce -15.9% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 8.84% | 49,507 | $4.4M | Reduce -26.1% |
| EA Electronic Arts Inc. | 6.52% | 15,954 | $3.2M | New |
| TECK Teck Resources Ltd.-CLS B | 5.54% | 62,315 | $2.7M | Reduce -58.3% |
| REXR Rexford Industrial Realty Inc. | 4.94% | 59,333 | $2.4M | New |
| DHR Danaher Corp. | 4.87% | 12,127 | $2.4M | New |
| HDB HDFC Bank Ltd.-ADR | 4.79% | 69,263 | $2.4M | New |
| ALC Alcon Inc. filed as ALCON AG | 4.13% | 27,352 | $2.0M | Reduce -24.6% |
| COO The Cooper Cos Inc. | 3.47% | 25,000 | $1.7M | New |
| VNQ Vanguard Real Estate ETF | 3.32% | 17,957 | $1.6M | New |
| IRT Independence Realty Trust Inc. | 3.09% | 93,225 | $1.5M | New |
| PINS Pinterest Inc. Class A | 2.75% | 42,273 | $1.4M | Reduce -14.1% |
| INVH Invitation Homes Inc. | 2.33% | 39,285 | $1.2M | New |
| SW Smurfit Westrock PLC | 2.08% | 24,146 | $1.0M | No change |
| RIO Rio Tinto PLC-Spon ADR | 1.84% | 13,748 | $908K | New |
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −18.19 |
| TECK Teck Resources Ltd.-CLS B | Reduce -58.3% | 5.54% | −6.70 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −6.63 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −5.32 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −4.47 |
| ALC Alcon Inc. | Reduce -24.6% | 4.13% | −2.37 |
| EL Estee Lauder Companies Class A | Reduce -26.1% | 8.84% | −2.14 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −1.65 |
| UNP Union Pacific Corp. | Reduce -15.9% | 9.81% | −1.55 |
| PINS Pinterest Inc. Class A | Reduce -14.1% | 2.75% | −0.83 |
Portfolio Buys Q2 2025 → Q3 2025
| MDT Medtronic PLC | New | 10.42% | +10.42 |
| EA Electronic Arts Inc. | New | 6.52% | +6.52 |
| REXR Rexford Industrial Realty Inc. | New | 4.94% | +4.94 |
| DHR Danaher Corp. | New | 4.87% | +4.87 |
| HDB HDFC Bank Ltd.-ADR | New | 4.79% | +4.79 |
| COO The Cooper Cos Inc. | New | 3.47% | +3.47 |
| VNQ Vanguard Real Estate ETF | New | 3.32% | +3.32 |
| IRT Independence Realty Trust Inc. | New | 3.09% | +3.09 |
| UDR Udr Inc. | Add +46.4% | 10.00% | +2.51 |
| INVH Invitation Homes Inc. | New | 2.33% | +2.33 |
| RIO Rio Tinto PLC-Spon ADR | New | 1.84% | +1.84 |
| PLD Prologis Inc. | Add +9.1% | 11.25% | +1.77 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 18 | $49.4M | PLD, MDT, UDR, UNP, EL |
| Q2 2025 | 13 | $49.3M | HES, TECK, UNP, EL, PLD |
| Q1 2025 | 9 | $36.1M | HES, UNP, TECK, PLD, EL |
| Q4 2024 | 7 | $38.0M | HES, AZPN, UNP, TECK, PLD |
| Q3 2024 | 4 | $22.1M | HES, UNP, TECK, EL |
| Q2 2024 | 14 | $220.2M | UNP, UDR, HES, TECK, EL |
| Q1 2024 | 16 | $428.8M | PXD, UNP, CNI, UDR, HES |