Perbak Capital Partners LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Perbak Capital Partners LLP reported 275 stock positions worth $442.3 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 12.1% of the portfolio, followed by SS Industrial Select Sector (XLI, 7.7%) and SS SPDR S&P 500 ETF Trust-US (SPY, 5.1%). Compared with Q1 2025, it opened 149 new positions, sold out of 68, added to 114 and reduced 12. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale an exit from 3M (MMM).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001968437
- Portfolio Value
- $442.3M (Q2 2025)
- SEC Filing
- 0000902664-25-003680 ↗ filed Aug 14, 2025
Holdings Value
Holdings 275 stocks · $442.3M
| RSP Invesco S&P 500 Equal Weight | 12.11% | 294,791 | $53.6M | New |
| XLI SS Industrial Select Sector | 7.72% | 231,409 | $34.1M | Add +2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.13% | 36,754 | $22.7M | Add +140.8% |
| XLP SS Consumer Staples Sel Sect | 4.81% | 262,692 | $21.3M | Add +727.9% |
| XLF SS Financial Select Sector | 4.62% | 390,396 | $20.4M | Add +393.2% |
| XLV SS Health Care Select Sector | 3.57% | 116,999 | $15.8M | Add +342.3% |
| IGV iShares Expanded Tech-Softwa | 2.54% | 102,559 | $11.2M | New |
| IWM iShares Russell 2000 ETF | 2.22% | 45,422 | $9.8M | Add +1070.4% |
| KRE SS SPDR S&P Regional Bank | 2.08% | 154,868 | $9.2M | Add +170.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.55% | 12,400 | $6.8M | New |
| ICLN iShares Global Clean Energy | 1.43% | 482,918 | $6.3M | Add +35.2% |
| XHB SS SPDR S&P Homebldrs ETF | 1.41% | 63,336 | $6.2M | New |
| ARMK Aramark | 1.33% | 140,563 | $5.9M | New |
| KR Kroger Co. | 1.30% | 80,363 | $5.8M | New |
| DKNG Draftkings Inc. Class A | 1.12% | 115,206 | $4.9M | New |
| BAX Baxter International Inc. | 1.00% | 145,998 | $4.4M | Add +464.2% |
| VNQ Vanguard Real Estate ETF | 0.92% | 45,750 | $4.1M | Add +83.8% |
| ELAN Elanco Animal Health Inc. | 0.91% | 280,500 | $4.0M | New |
| MSCI MSCI Inc. | 0.84% | 6,422 | $3.7M | Add +624.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.83% | 48,157 | $3.7M | New |
| IDXX Idexx Laboratories Inc. | 0.77% | 6,365 | $3.4M | New |
| FDS Factset Research Systems Inc. | 0.75% | 7,461 | $3.3M | Add +801.1% |
| DHI D.R. Horton Inc. | 0.66% | 22,808 | $2.9M | New |
| QGEN Qiagen N.V. | 0.64% | 58,836 | $2.8M | Add +296.0% |
| DE Deere & Co. | 0.63% | 5,450 | $2.8M | New |
| SPOT Spotify Technology SA | 0.60% | 3,450 | $2.6M | New |
| A Agilent Technologies Inc. | 0.58% | 21,728 | $2.6M | Add +957.8% |
| INTC Intel Corp. | 0.57% | 112,298 | $2.5M | New |
| GEV GE Vernova Inc. | 0.57% | 4,745 | $2.5M | Add +240.9% |
| SPGI S&P Global Inc. | 0.54% | 4,528 | $2.4M | Add +760.8% |
| WAT Waters Corp. | 0.48% | 6,099 | $2.1M | Add +793.0% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 5,216 | $2.1M | Add +737.2% |
| DHR Danaher Corp. | 0.46% | 10,318 | $2.0M | Add +564.8% |
| MTD Mettler-Toledo International | 0.43% | 1,607 | $1.9M | Add +372.6% |
| WH Wyndham Hotels & Resorts Inc. | 0.41% | 22,063 | $1.8M | Add +628.1% |
| TMUS T-Mobile US Inc. | 0.39% | 7,331 | $1.7M | Add +135.3% |
| ILMN Illumina Inc. | 0.39% | 18,000 | $1.7M | New |
| CI The Cigna Group | 0.36% | 4,761 | $1.6M | New |
| MCO Moody's Corp. | 0.34% | 3,029 | $1.5M | Add +419.6% |
| VZ Verizon Communications Inc. | 0.33% | 33,421 | $1.4M | Add +29.1% |
| NXPI NXP Semiconductors NV | 0.32% | 6,512 | $1.4M | New |
| ELV Elevance Health Inc. | 0.31% | 3,549 | $1.4M | New |
| BYD Boyd Gaming Corp. | 0.31% | 17,500 | $1.4M | New |
| ELS Equity Lifestyle Properties | 0.31% | 21,943 | $1.4M | Add +76.2% |
| CPT Camden Property Trust | 0.29% | 11,233 | $1.3M | Add +101.4% |
| TDG Transdigm Group Inc. | 0.28% | 801 | $1.2M | Add +85.8% |
| ADI Analog Devices Inc. | 0.27% | 5,078 | $1.2M | New |
| GM General Motors Co. | 0.27% | 24,257 | $1.2M | Reduce -1.6% |
| VRSK Verisk Analytics Inc. | 0.26% | 3,749 | $1.2M | New |
| T AT&T Inc. | 0.26% | 39,318 | $1.1M | Reduce -6.2% |
| TXN Texas Instruments Inc. | 0.26% | 5,480 | $1.1M | New |
| SRAD Sportradar Group AG-A | 0.24% | 38,268 | $1.1M | New |
| DASH DoorDash Inc. Class A | 0.23% | 4,164 | $1.0M | New |
| META Meta Platforms Inc. Class A | 0.22% | 1,319 | $974K | New |
| MA Mastercard Inc. Class A | 0.21% | 1,676 | $942K | New |
| MOH Molina Healthcare Inc. | 0.20% | 2,958 | $881K | New |
| BILL Bill Holdings Inc. | 0.20% | 18,924 | $875K | Add +138.0% |
| TWST Twist Bioscience Corp. | 0.20% | 23,610 | $869K | New |
| MU Micron Technology Inc. | 0.19% | 6,989 | $861K | New |
| PCVX Vaxcyte Inc. | 0.19% | 26,419 | $859K | New |
| RAMP Liveramp Holdings Inc. | 0.19% | 25,943 | $857K | Add +111.9% |
| FSS Federal Signal Corp. | 0.19% | 8,043 | $856K | Add +77.6% |
| LEA Lear Corp. | 0.19% | 8,994 | $854K | Add +139.3% |
| OMC Omnicom Group | 0.19% | 11,873 | $854K | Add +180.8% |
| GNRC Generac Holdings Inc. | 0.19% | 5,957 | $853K | Add +148.1% |
| ALGN Align Technology Inc. | 0.19% | 4,499 | $852K | Add +115.4% |
| BX Blackstone Inc. | 0.19% | 5,684 | $850K | Add +252.8% |
| TPH Tri Pointe Homes Inc. | 0.19% | 26,543 | $848K | Add +133.8% |
| MHK Mohawk Industries Inc. | 0.19% | 8,087 | $848K | Add +161.7% |
| MAN Manpowergroup Inc. | 0.19% | 20,962 | $847K | Add +429.7% |
| MRVL Marvell Technology Inc. | 0.19% | 10,905 | $844K | Add +160.4% |
| MATX Matson Inc. | 0.19% | 7,575 | $843K | Add +206.9% |
| TOL Toll Brothers Inc. | 0.19% | 7,384 | $843K | Add +277.1% |
| MTG Mgic Investment Corp. | 0.19% | 30,236 | $842K | Add +111.4% |
| DDS Dillards Inc. Class A | 0.19% | 2,011 | $840K | Add +133.0% |
| THO Thor Industries Inc. | 0.19% | 9,455 | $840K | New |
| COLM Columbia Sportswear Co. | 0.19% | 13,744 | $839K | New |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.19% | 34,942 | $838K | Add +201.2% |
| DCI Donaldson Co. Inc. | 0.19% | 12,076 | $837K | Add +141.9% |
| EXP Eagle Materials Inc. | 0.19% | 4,142 | $837K | Add +219.3% |
| HUN Huntsman Corp. | 0.19% | 80,332 | $837K | Add +399.9% |
| ALRM Alarm.com Holdings Inc. | 0.19% | 14,774 | $836K | Add +144.6% |
| AMBA Ambarella Inc. | 0.19% | 12,649 | $836K | Add +167.9% |
| AYI Acuity Inc. | 0.19% | 2,796 | $834K | Add +131.7% |
| AFG American Financial Group Inc. | 0.19% | 6,598 | $833K | New |
| KHC The Kraft Heinz Co. | 0.19% | 32,241 | $832K | Add +185.9% |
| MBLY Mobileye Global Inc. Class A | 0.19% | 46,254 | $832K | Add +93.3% |
| EMN Eastman Chemical Co. | 0.19% | 11,131 | $831K | Add +191.0% |
| AMCR Amcor PLC | 0.19% | 90,335 | $830K | Reduce -29.8% |
| IBP Installed Building Products | 0.19% | 4,576 | $825K | New |
| AIT Applied Industrial Tech Inc. | 0.19% | 3,544 | $824K | Add +272.7% |
| PNC PNC Financial Services Group | 0.19% | 4,417 | $823K | Add +162.1% |
| AEO American Eagle Outfitters | 0.19% | 85,558 | $823K | Add +173.6% |
| RIVN Rivian Automotive Inc. Class A | 0.19% | 59,894 | $823K | Add +101.8% |
| CLDX Celldex Therapeutics Inc. | 0.19% | 40,410 | $822K | New |
| SCCO Southern Copper Corp. | 0.19% | 8,112 | $821K | Add +113.8% |
| ESAB Esab Corp. | 0.19% | 6,805 | $820K | Add +134.3% |
| BBY Best Buy Co. Inc. | 0.18% | 12,170 | $817K | Add +183.3% |
| EEFT Euronet Worldwide Inc. | 0.18% | 7,994 | $810K | Add +133.5% |
| EPAM Epam Systems Inc. | 0.18% | 4,582 | $810K | New |
Portfolio Sells Q1 2025 → Q2 2025
| MMM 3M Co. | Sold out | 0.00% | −2.35 |
| IP International Paper Co. | Sold out | 0.00% | −2.14 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −1.77 |
| IYH iShares U.S. Healthcare ETF | Reduce -53.2% | 0.16% | −1.07 |
| AMCR Amcor PLC | Reduce -29.8% | 0.19% | −0.74 |
| T AT&T Inc. | Reduce -6.2% | 0.26% | −0.62 |
| GM General Motors Co. | Reduce -1.6% | 0.27% | −0.59 |
| MWA Mueller Water Products Inc. Class A | Sold out | 0.00% | −0.58 |
| GPK Graphic Packaging Holding Co. | Sold out | 0.00% | −0.53 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.51 |
| MAA Mid-America Apartment Comm | Reduce -27.5% | 0.12% | −0.51 |
| ATR Aptargroup Inc. | Sold out | 0.00% | −0.48 |
| SLGN Silgan Holdings Inc. | Sold out | 0.00% | −0.47 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.45 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.42 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.41 |
| WTS Watts Water Technologies-A | Reduce -16.3% | 0.18% | −0.40 |
| PNR Pentair PLC | Reduce -17.2% | 0.16% | −0.38 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.36 |
| ITRI Itron Inc. | Reduce -36.1% | 0.12% | −0.36 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.35 |
| ZWS Zurn Elkay Water Solutions C | Sold out | 0.00% | −0.34 |
| INVH Invitation Homes Inc. | Reduce -8.4% | 0.12% | −0.33 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.30 |
| LSTR Landstar System Inc. | Sold out | 0.00% | −0.27 |
| DOW Dow Inc. | Sold out | 0.00% | −0.27 |
| NOV Nov Inc. | Sold out | 0.00% | −0.27 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.27 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.27 |
| MBC Masterbrand Inc. | Sold out | 0.00% | −0.27 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.26 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.26 |
| QS Quantumscape Corp. | Sold out | 0.00% | −0.26 |
| W Wayfair Inc. Class A | Sold out | 0.00% | −0.26 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.26 |
| JOBY Joby Aviation Inc. | Sold out | 0.00% | −0.26 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −0.26 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −0.25 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.25 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.25 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.25 |
| BCPC Balchem Corp. | Sold out | 0.00% | −0.24 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.24 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.24 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.24 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.24 |
| CNC Centene Corp. | Sold out | 0.00% | −0.24 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.24 |
| GE General Electric | Sold out | 0.00% | −0.23 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.23 |
Portfolio Buys Q1 2025 → Q2 2025
| RSP Invesco S&P 500 Equal Weight | New | 12.11% | +12.11 |
| XLP SS Consumer Staples Sel Sect | Add +727.9% | 4.81% | +2.89 |
| IGV iShares Expanded Tech-Softwa | New | 2.54% | +2.54 |
| XLF SS Financial Select Sector | Add +393.2% | 4.62% | +1.70 |
| IWM iShares Russell 2000 ETF | Add +1070.4% | 2.22% | +1.64 |
| QQQ Invesco QQQ Trust Series 1 | New | 1.55% | +1.55 |
| XHB SS SPDR S&P Homebldrs ETF | New | 1.41% | +1.41 |
| ARMK Aramark | New | 1.33% | +1.33 |
| KR Kroger Co. | New | 1.30% | +1.30 |
| DKNG Draftkings Inc. Class A | New | 1.12% | +1.12 |
| ELAN Elanco Animal Health Inc. | New | 0.91% | +0.91 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.83% | +0.83 |
| IDXX Idexx Laboratories Inc. | New | 0.77% | +0.77 |
| XLV SS Health Care Select Sector | Add +342.3% | 3.57% | +0.70 |
| DHI D.R. Horton Inc. | New | 0.66% | +0.66 |
| DE Deere & Co. | New | 0.63% | +0.63 |
| SPOT Spotify Technology SA | New | 0.60% | +0.60 |
| INTC Intel Corp. | New | 0.57% | +0.57 |
| FDS Factset Research Systems Inc. | Add +801.1% | 0.75% | +0.48 |
| MSCI MSCI Inc. | Add +624.0% | 0.84% | +0.47 |
| A Agilent Technologies Inc. | Add +957.8% | 0.58% | +0.40 |
| ILMN Illumina Inc. | New | 0.39% | +0.39 |
| CI The Cigna Group | New | 0.36% | +0.36 |
| BAX Baxter International Inc. | Add +464.2% | 1.00% | +0.34 |
| SPGI S&P Global Inc. | Add +760.8% | 0.54% | +0.34 |
| NXPI NXP Semiconductors NV | New | 0.32% | +0.32 |
| ELV Elevance Health Inc. | New | 0.31% | +0.31 |
| BYD Boyd Gaming Corp. | New | 0.31% | +0.31 |
| WAT Waters Corp. | Add +793.0% | 0.48% | +0.29 |
| ADI Analog Devices Inc. | New | 0.27% | +0.27 |
| VRSK Verisk Analytics Inc. | New | 0.26% | +0.26 |
| TXN Texas Instruments Inc. | New | 0.26% | +0.26 |
| GEV GE Vernova Inc. | Add +240.9% | 0.57% | +0.25 |
| TMO Thermo Fisher Scientific Inc. | Add +737.2% | 0.48% | +0.25 |
| SRAD Sportradar Group AG-A | New | 0.24% | +0.24 |
| DASH DoorDash Inc. Class A | New | 0.23% | +0.23 |
| DHR Danaher Corp. | Add +564.8% | 0.46% | +0.23 |
| META Meta Platforms Inc. Class A | New | 0.22% | +0.22 |
| MA Mastercard Inc. Class A | New | 0.21% | +0.21 |
| WH Wyndham Hotels & Resorts Inc. | Add +628.1% | 0.41% | +0.20 |
| MOH Molina Healthcare Inc. | New | 0.20% | +0.20 |
| QGEN Qiagen N.V. | Add +296.0% | 0.64% | +0.20 |
| TWST Twist Bioscience Corp. | New | 0.20% | +0.20 |
| MU Micron Technology Inc. | New | 0.19% | +0.19 |
| PCVX Vaxcyte Inc. | New | 0.19% | +0.19 |
| THO Thor Industries Inc. | New | 0.19% | +0.19 |
| COLM Columbia Sportswear Co. | New | 0.19% | +0.19 |
| AFG American Financial Group Inc. | New | 0.19% | +0.19 |
| IBP Installed Building Products | New | 0.19% | +0.19 |
| CLDX Celldex Therapeutics Inc. | New | 0.19% | +0.19 |
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 |