Perbak Capital Partners LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Perbak Capital Partners LLP reported 65 stock positions worth $187.2 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 13.3% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 8.1%) and iShares Global Clean Energy (ICLN, 6.7%). Compared with Q3 2024, it opened 37 new positions, sold out of 3, added to 18 and reduced 10. The biggest buy was a new position in iShares Expanded Tech-Softwa (IGV) and the biggest sale SS Industrial Select Sector (XLI, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001968437
- Portfolio Value
- $187.2M (Q4 2024)
- SEC Filing
- 0000902664-25-001074 ↗ filed Feb 14, 2025
Holdings Value
Holdings 65 stocks · $187.2M
| SPY SS SPDR S&P 500 ETF Trust-US | 13.28% | 42,435 | $24.9M | Add +15.2% |
| IWM iShares Russell 2000 ETF | 8.09% | 68,558 | $15.1M | Add +350.1% |
| ICLN iShares Global Clean Energy | 6.70% | 1,102,201 | $12.5M | Add +18.4% |
| XLI SS Industrial Select Sector | 6.57% | 93,337 | $12.3M | Reduce -66.1% |
| IGV iShares Expanded Tech-Softwa | 6.03% | 112,679 | $11.3M | New |
| KRE SS SPDR S&P Regional Bank | 5.32% | 165,127 | $10.0M | New |
| IYK iShares US Consumer Staples | 4.85% | 138,419 | $9.1M | New |
| XLP SS Consumer Staples Sel Sect | 3.86% | 91,932 | $7.2M | New |
| EMR Emerson Electric Co. | 3.27% | 49,445 | $6.1M | Add +1006.9% |
| XLV SS Health Care Select Sector | 1.87% | 25,436 | $3.5M | Add +43.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.86% | 45,944 | $3.5M | New |
| IYH iShares U.S. Healthcare ETF | 1.80% | 57,778 | $3.4M | Reduce -62.2% |
| VNQ Vanguard Real Estate ETF | 1.69% | 35,428 | $3.2M | New |
| T AT&T Inc. | 1.58% | 129,819 | $3.0M | Add +58.1% |
| IDXX Idexx Laboratories Inc. | 1.55% | 7,022 | $2.9M | New |
| ELAN Elanco Animal Health Inc. | 1.44% | 222,240 | $2.7M | New |
| VZ Verizon Communications Inc. | 1.25% | 58,603 | $2.3M | Reduce -13.6% |
| UHS Universal Health Services-B | 1.17% | 12,176 | $2.2M | Add +53.4% |
| MCD McDonald's Corp. | 1.17% | 7,531 | $2.2M | Add +15.0% |
| TMUS T-Mobile US Inc. | 1.16% | 9,850 | $2.2M | Reduce -47.3% |
| YUM Yum! Brands Inc. | 1.15% | 16,019 | $2.1M | Reduce -18.3% |
| ACM Aecom | 1.04% | 18,271 | $2.0M | Add +87.5% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.99% | 9,764 | $1.8M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.93% | 3,417 | $1.7M | New |
| QSR Restaurant Brands Intern | 0.90% | 25,758 | $1.7M | Add +48.4% |
| URI United Rentals Inc. | 0.87% | 2,321 | $1.6M | New |
| MTZ Mastec Inc. | 0.87% | 11,928 | $1.6M | Add +100.8% |
| PWR Quanta Services Inc. | 0.86% | 5,109 | $1.6M | Add +95.5% |
| ITW Illinois Tool Works | 0.85% | 6,254 | $1.6M | New |
| JNJ Johnson & Johnson | 0.83% | 10,748 | $1.6M | New |
| QGEN Qiagen NV | 0.81% | 34,077 | $1.5M | New |
| DPZ Domino's Pizza Inc. | 0.80% | 3,571 | $1.5M | Add +14.5% |
| STN Stantec Inc. | 0.79% | 18,784 | $1.5M | New |
| TMO Thermo Fisher Scientific Inc. | 0.78% | 2,799 | $1.5M | New |
| BIO Bio-Rad Laboratories-A | 0.74% | 4,199 | $1.4M | New |
| HEES H&E Equipment Services Inc. | 0.72% | 27,690 | $1.4M | New |
| WAT Waters Corp. | 0.72% | 3,654 | $1.4M | New |
| CMG Chipotle Mexican Grill Inc. | 0.70% | 21,654 | $1.3M | Add +3.1% |
| MMM 3M Co. | 0.67% | 9,680 | $1.2M | New |
| EHC Encompass Health Corp. | 0.65% | 13,183 | $1.2M | Add +42.1% |
| ILMN Illumina Inc. | 0.64% | 8,984 | $1.2M | New |
| A Agilent Technologies Inc. | 0.63% | 8,725 | $1.2M | New |
| DHR Danaher Corp. | 0.60% | 4,911 | $1.1M | New |
| FLR Fluor Corp. | 0.59% | 22,349 | $1.1M | New |
| MTD Mettler-Toledo International | 0.58% | 893 | $1.1M | New |
| ENSG The Ensign Group Inc. | 0.58% | 8,223 | $1.1M | Add +45.3% |
| HCA HCA Healthcare Inc. | 0.57% | 3,578 | $1.1M | Add +60.0% |
| XLY SS Consumer Disc Select Sect | 0.51% | 4,285 | $961K | Reduce -87.4% |
| JCI Johnson Controls Internation | 0.48% | 11,371 | $898K | New |
| THC Tenet Healthcare Corp. | 0.47% | 7,028 | $887K | Add +12.2% |
| J Jacobs Solutions Inc. | 0.43% | 5,995 | $801K | New |
| ETN Eaton Corp. PLC | 0.38% | 2,139 | $710K | New |
| CI The Cigna Group | 0.30% | 2,051 | $566K | Reduce -80.2% |
| UNH Unitedhealth Group Inc. | 0.30% | 1,115 | $564K | Reduce -80.6% |
| ZBH Zimmer Biomet Holdings Inc. | 0.30% | 5,280 | $558K | New |
| SYK Stryker Corp. | 0.29% | 1,520 | $547K | New |
| MOH Molina Healthcare Inc. | 0.23% | 1,463 | $426K | Reduce -86.5% |
| GEV GE Vernova Inc. | 0.16% | 893 | $294K | New |
| SKX Skechers USA Inc. Class A | 0.15% | 4,089 | $275K | New |
| TTEK Tetra Tech Inc. | 0.14% | 6,753 | $269K | New |
| ELV Elevance Health Inc. | 0.14% | 726 | $268K | Reduce -87.4% |
| NKE Nike Inc. Class B | 0.13% | 3,284 | $249K | New |
| HUM Humana Inc. | 0.12% | 871 | $221K | New |
| UAA Under Armour Inc. Class A | 0.08% | 17,060 | $141K | New |
| KOS Kosmos Energy Ltd. | 0.04% | 19,875 | $68K | New |
Portfolio Sells Q3 2024 → Q4 2024
| XLI SS Industrial Select Sector | Reduce -66.1% | 6.57% | −19.62 |
| IYH iShares U.S. Healthcare ETF | Reduce -62.2% | 1.80% | −5.18 |
| XLY SS Consumer Disc Select Sect | Reduce -87.4% | 0.51% | −4.28 |
| MOH Molina Healthcare Inc. | Reduce -86.5% | 0.23% | −2.40 |
| CI The Cigna Group | Reduce -80.2% | 0.30% | −2.21 |
| F Ford Motor Co. | Sold out | 0.00% | −2.15 |
| UNH Unitedhealth Group Inc. | Reduce -80.6% | 0.30% | −2.06 |
| ELV Elevance Health Inc. | Reduce -87.4% | 0.14% | −1.95 |
| CVNA Carvana Co. | Sold out | 0.00% | −1.83 |
| KBWB Invesco KBW Bank ETF | Sold out | 0.00% | −1.70 |
| TMUS T-Mobile US Inc. | Reduce -47.3% | 1.16% | −1.55 |
| VZ Verizon Communications Inc. | Reduce -13.6% | 1.25% | −0.89 |
| YUM Yum! Brands Inc. | Reduce -18.3% | 1.15% | −0.77 |
Portfolio Buys Q3 2024 → Q4 2024
| IGV iShares Expanded Tech-Softwa | New | 6.03% | +6.03 |
| IWM iShares Russell 2000 ETF | Add +350.1% | 8.09% | +5.73 |
| KRE SS SPDR S&P Regional Bank | New | 5.32% | +5.32 |
| IYK iShares US Consumer Staples | New | 4.85% | +4.85 |
| XLP SS Consumer Staples Sel Sect | New | 3.86% | +3.86 |
| EMR Emerson Electric Co. | Add +1006.9% | 3.27% | +2.93 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 1.86% | +1.86 |
| VNQ Vanguard Real Estate ETF | New | 1.69% | +1.69 |
| IDXX Idexx Laboratories Inc. | New | 1.55% | +1.55 |
| ELAN Elanco Animal Health Inc. | New | 1.44% | +1.44 |
| HRI Herc Holdings Inc. | New | 0.99% | +0.99 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.93% | +0.93 |
| URI United Rentals Inc. | New | 0.87% | +0.87 |
| ITW Illinois Tool Works | New | 0.85% | +0.85 |
| JNJ Johnson & Johnson | New | 0.83% | +0.83 |
| QGEN Qiagen NV | New | 0.81% | +0.81 |
| STN Stantec Inc. | New | 0.79% | +0.79 |
| TMO Thermo Fisher Scientific Inc. | New | 0.78% | +0.78 |
| BIO Bio-Rad Laboratories-A | New | 0.74% | +0.74 |
| HEES H&E Equipment Services Inc. | New | 0.72% | +0.72 |
| WAT Waters Corp. | New | 0.72% | +0.72 |
| MMM 3M Co. | New | 0.67% | +0.67 |
| ILMN Illumina Inc. | New | 0.64% | +0.64 |
| A Agilent Technologies Inc. | New | 0.63% | +0.63 |
| DHR Danaher Corp. | New | 0.60% | +0.60 |
| FLR Fluor Corp. | New | 0.59% | +0.59 |
| MTD Mettler-Toledo International | New | 0.58% | +0.58 |
| JCI Johnson Controls Internation | New | 0.48% | +0.48 |
| J Jacobs Solutions Inc. | New | 0.43% | +0.43 |
| ETN Eaton Corp. PLC | New | 0.38% | +0.38 |
| MTZ Mastec Inc. | Add +100.8% | 0.87% | +0.35 |
| ACM Aecom | Add +87.5% | 1.04% | +0.34 |
| PWR Quanta Services Inc. | Add +95.5% | 0.86% | +0.32 |
| T AT&T Inc. | Add +58.1% | 1.58% | +0.31 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.30% | +0.30 |
| SYK Stryker Corp. | New | 0.29% | +0.29 |
| GEV GE Vernova Inc. | New | 0.16% | +0.16 |
| SKX Skechers USA Inc. Class A | New | 0.15% | +0.15 |
| TTEK Tetra Tech Inc. | New | 0.14% | +0.14 |
| NKE Nike Inc. Class B | New | 0.13% | +0.13 |
| HUM Humana Inc. | New | 0.12% | +0.12 |
| UAA Under Armour Inc. Class A | New | 0.08% | +0.08 |
| KOS Kosmos Energy Ltd. | New | 0.04% | +0.04 |
| EHC Encompass Health Corp. | Add +42.1% | 0.65% | +0.02 |
| QSR Restaurant Brands Intern | Add +48.4% | 0.90% | +0.02 |
| ENSG The Ensign Group Inc. | Add +45.3% | 0.58% | +0.01 |
| XLV SS Health Care Select Sector | Add +43.7% | 1.87% | −0.04 |
| HCA HCA Healthcare Inc. | Add +60.0% | 0.57% | −0.06 |
| UHS Universal Health Services-B | Add +53.4% | 1.17% | −0.11 |
| DPZ Domino's Pizza Inc. | Add +14.5% | 0.80% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 294 | $406.4M | XLI, XLY, XLP, OIH, KIE |
| Q4 2025 | 219 | $327.7M | RSP, SPY, XLI, OIH, KIE |
| Q3 2025 | 288 | $568.0M | XLI, RSP, XLP, SPY, XLV |
| Q2 2025 | 275 | $442.3M | RSP, XLI, SPY, XLP, XLF |
| Q1 2025 | 194 | $134.9M | XLI, SPY, ICLN, XLF, XLV |
| Q4 2024 | 65 | $187.2M | SPY, IWM, ICLN, XLI, IGV |
| Q3 2024 | 31 | $142.5M | XLI, SPY, ICLN, IYH, XLY |
| Q2 2024 | 55 | $338.2M | SPY, XLI, XLY, IYH, XLP |
| Q1 2024 | 11 | $79.6M | ICLN, CVNA, SLGN, GPK, AMCR |