Nutshell Asset Management Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Nutshell Asset Management Ltd reported 25 stock positions worth $191.8 million. Its top holding was Adobe (ADBE) at 10.7% of the portfolio, followed by Microsoft (MSFT, 9.6%) and Fortinet (FTNT, 7.5%). Compared with Q4 2024, it opened 8 new positions, sold out of 13, added to 15 and reduced 2. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale an exit from O'reilly Automotive (ORLY).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002021442
- Portfolio Value
- $191.8M (Q1 2025)
- SEC Filing
- 0002021442-25-000002 ↗ filed May 12, 2025
Holdings Value
Holdings 25 stocks · $191.8M
| ADBE Adobe Inc. | 10.66% | 53,343 | $20.5M | Add +76.1% |
| MSFT Microsoft Corp. | 9.59% | 49,020 | $18.4M | Add +36.7% |
| FTNT Fortinet Inc. | 7.51% | 149,769 | $14.4M | Add +45.5% |
| GOOGL Alphabet Inc. Class A | 7.05% | 87,450 | $13.5M | Add +48.4% |
| AVGO Broadcom Inc. | 6.41% | 73,500 | $12.3M | New |
| FLOT iShares Floating Rate Bond E | 6.24% | 234,552 | $12.0M | Add +33.5% |
| META Meta Platforms Inc. Class A | 5.71% | 19,000 | $11.0M | Add +58.8% |
| MSCI MSCI Inc. | 5.37% | 18,233 | $10.3M | Add +13.8% |
| MA Mastercard Inc. Class A | 4.96% | 17,364 | $9.5M | Add +6.8% |
| NVDA Nvidia Corp. | 4.39% | 77,713 | $8.4M | Add +53.2% |
| NKE Nike Inc. Class B | 4.14% | 125,000 | $7.9M | New |
| ANET Arista Networks Inc. | 4.03% | 99,832 | $7.7M | Add +89.7% |
| AZO AutoZone Inc. | 3.65% | 1,834 | $7.0M | Reduce -33.0% |
| MTD Mettler-Toledo International | 2.35% | 3,820 | $4.5M | Add +45.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.31% | 26,734 | $4.4M | Add +174.2% |
| IDXX Idexx Laboratories Inc. | 2.21% | 10,107 | $4.2M | Reduce -3.1% |
| LLY Eli Lilly & Co. | 2.15% | 4,990 | $4.1M | Add +43.0% |
| LRCX Lam Research Corp. | 2.12% | 56,000 | $4.1M | New |
| QLYS Qualys Inc. | 2.00% | 30,455 | $3.8M | Add +36.7% |
| PYPL PayPal Holdings Inc. | 1.96% | 57,500 | $3.8M | New |
| RMD Resmed Inc. | 1.64% | 14,050 | $3.1M | Add +44.2% |
| TW Tradeweb Markets Inc. Class A | 1.32% | 17,000 | $2.5M | New |
| V Visa Inc. Class A | 0.88% | 4,800 | $1.7M | New |
| MELI MercadoLibre Inc. | 0.69% | 680 | $1.3M | New |
| APH Amphenol Corp. Class A | 0.65% | 19,000 | $1.2M | New |
Portfolio Sells Q4 2024 → Q1 2025
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −5.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −3.71 |
| LSTR Landstar System Inc. | Sold out | 0.00% | −3.44 |
| AZO AutoZone Inc. | Reduce -33.0% | 3.65% | −1.90 |
| AMGN Amgen Inc. | Sold out | 0.00% | −1.75 |
| KLAC KLA Corp. | Sold out | 0.00% | −1.71 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −1.69 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.68 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.97 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.82 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.68 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.60 |
| IDXX Idexx Laboratories Inc. | Reduce -3.1% | 2.21% | −0.51 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.38 |
| PAGS Pagseguro Digital Ltd. Class A | Sold out | 0.00% | −0.12 |
Portfolio Buys Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | New | 6.41% | +6.41 |
| NKE Nike Inc. Class B | New | 4.14% | +4.14 |
| ADBE Adobe Inc. | Add +76.1% | 10.66% | +2.15 |
| LRCX Lam Research Corp. | New | 2.12% | +2.12 |
| PYPL PayPal Holdings Inc. | New | 1.96% | +1.96 |
| FTNT Fortinet Inc. | Add +45.5% | 7.51% | +1.37 |
| TW Tradeweb Markets Inc. Class A | New | 1.32% | +1.32 |
| META Meta Platforms Inc. Class A | Add +58.8% | 5.71% | +1.28 |
| TSM Taiwan Semiconductor-SP ADR | Add +174.2% | 2.31% | +1.10 |
| V Visa Inc. Class A | New | 0.88% | +0.88 |
| MELI MercadoLibre Inc. | New | 0.69% | +0.69 |
| APH Amphenol Corp. Class A | New | 0.65% | +0.65 |
| FLOT iShares Floating Rate Bond E | Add +33.5% | 6.24% | +0.59 |
| LLY Eli Lilly & Co. | Add +43.0% | 2.15% | +0.45 |
| ANET Arista Networks Inc. | Add +89.7% | 4.03% | +0.36 |
| MTD Mettler-Toledo International | Add +45.8% | 2.35% | +0.33 |
| RMD Resmed Inc. | Add +44.2% | 1.64% | +0.23 |
| NVDA Nvidia Corp. | Add +53.2% | 4.39% | +0.09 |
| MSFT Microsoft Corp. | Add +36.7% | 9.59% | +0.04 |
| QLYS Qualys Inc. | Add +36.7% | 2.00% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +48.4% | 7.05% | −0.00 |
| MA Mastercard Inc. Class A | Add +6.8% | 4.96% | −0.45 |
| MSCI MSCI Inc. | Add +13.8% | 5.37% | −0.70 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 45 | $299.8M | NVDA, ADBE, TSM, ZTS, MSFT |
| Q1 2026 | 34 | $182.5M | NVDA, MA, APH, MSFT, ADBE |
| Q4 2025 | 34 | $280.5M | BIL, FTNT, NVDA, MA, V |
| Q3 2025 | 26 | $209.6M | BIL, FTNT, MA, NVDA, ADBE |
| Q2 2025 | 24 | $168.0M | BIL, FTNT, ADBE, MEDP, GOOGL |
| Q1 2025 | 25 | $191.8M | ADBE, MSFT, FTNT, GOOGL, AVGO |
| Q4 2024 | 30 | $158.3M | MSFT, ADBE, GOOGL, FTNT, MSCI |