Perbak Capital Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Perbak Capital Partners LLP reported 288 stock positions worth $568.0 million. Its top holding was SS Industrial Select Sector (XLI) at 12.1% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 9.7%) and SS Consumer Staples Sel Sect (XLP, 7.5%). Compared with Q2 2025, it opened 119 new positions, sold out of 106, added to 145 and reduced 24. The biggest buy was SS Industrial Select Sector (XLI, shares +93%) and the biggest sale SS Financial Select Sector (XLF, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001968437
- Portfolio Value
- $568.0M (Q3 2025)
- SEC Filing
- 0000902664-25-004905 ↗ filed Nov 13, 2025
Holdings Value
Holdings 288 stocks · $568.0M
| XLI SS Industrial Select Sector | 12.14% | 447,244 | $69.0M | Add +93.3% |
| RSP Invesco S&P 500 Equal Weight | 9.67% | 289,582 | $54.9M | Reduce -1.8% |
| XLP SS Consumer Staples Sel Sect | 7.47% | 541,528 | $42.4M | Add +106.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.10% | 52,021 | $34.7M | Add +41.5% |
| XLV SS Health Care Select Sector | 4.25% | 173,368 | $24.1M | Add +48.2% |
| IWM iShares Russell 2000 ETF | 2.84% | 66,615 | $16.1M | Add +46.7% |
| KIE SS SPDR S&P Insurance ETF | 1.99% | 190,139 | $11.3M | New |
| XLK SS Technology Select Sector | 1.78% | 35,808 | $10.1M | New |
| ELAN Elanco Animal Health Inc. | 1.75% | 494,432 | $10.0M | Add +76.3% |
| SOXX iShares Semiconductor ETF | 1.75% | 36,666 | $9.9M | New |
| XLF SS Financial Select Sector | 1.65% | 174,435 | $9.4M | Reduce -55.3% |
| UBS UBS Group AG-Reg | 0.88% | 122,966 | $5.0M | New |
| QGEN Qiagen N.V. | 0.82% | 104,838 | $4.7M | Add +78.2% |
| DHI D.R. Horton Inc. | 0.78% | 26,131 | $4.4M | Add +14.6% |
| MTD Mettler-Toledo International | 0.72% | 3,352 | $4.1M | Add +108.6% |
| XHB SS SPDR S&P Homebldrs ETF | 0.71% | 36,197 | $4.0M | Reduce -42.9% |
| DHR Danaher Corp. | 0.63% | 18,112 | $3.6M | Add +75.5% |
| TW Tradeweb Markets Inc. Class A | 0.58% | 29,678 | $3.3M | New |
| ILMN Illumina Inc. | 0.54% | 32,315 | $3.1M | Add +79.5% |
| NKE Nike Inc. Class B | 0.53% | 43,476 | $3.0M | Add +349.5% |
| WAT Waters Corp. | 0.52% | 9,928 | $3.0M | Add +62.8% |
| GM General Motors Co. | 0.51% | 47,086 | $2.9M | Add +94.1% |
| SWK Stanley Black & Decker Inc. | 0.48% | 36,915 | $2.7M | New |
| BIO Bio-Rad Laboratories-A | 0.42% | 8,582 | $2.4M | Add +171.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.41% | 3,907 | $2.3M | Reduce -68.5% |
| MSCI MSCI Inc. | 0.36% | 3,579 | $2.0M | Reduce -44.3% |
| INTC Intel Corp. | 0.34% | 58,214 | $2.0M | Reduce -48.2% |
| PATH Uipath Inc. Class A | 0.27% | 113,911 | $1.5M | Add +319.6% |
| PCVX Vaxcyte Inc. | 0.26% | 40,931 | $1.5M | Add +54.9% |
| ADI Analog Devices Inc. | 0.26% | 5,984 | $1.5M | Add +17.8% |
| RVTY Revvity Inc. | 0.26% | 16,545 | $1.5M | Add +191.9% |
| SCCO Southern Copper Corp. | 0.25% | 11,887 | $1.4M | Add +46.5% |
| WSO Watsco Inc. | 0.25% | 3,494 | $1.4M | Add +107.2% |
| DCI Donaldson Co. Inc. | 0.25% | 17,166 | $1.4M | Add +42.1% |
| TSLA Tesla Inc. | 0.25% | 3,157 | $1.4M | New |
| SNA Snap-on Inc. | 0.25% | 4,049 | $1.4M | Add +104.4% |
| TPH Tri Pointe Homes Inc. | 0.25% | 41,235 | $1.4M | Add +55.4% |
| EMN Eastman Chemical Co. | 0.25% | 22,178 | $1.4M | Add +99.3% |
| HOLX Hologic Inc. | 0.25% | 20,694 | $1.4M | Add +104.0% |
| EXP Eagle Materials Inc. | 0.25% | 5,988 | $1.4M | Add +44.6% |
| AFG American Financial Group Inc. | 0.25% | 9,576 | $1.4M | Add +45.1% |
| WTS Watts Water Technologies-A | 0.25% | 4,996 | $1.4M | Add +55.4% |
| ZBH Zimmer Biomet Holdings Inc. | 0.25% | 14,157 | $1.4M | Add +280.8% |
| APTV Aptiv PLC | 0.24% | 16,131 | $1.4M | Add +37.3% |
| RHI Robert Half Inc. | 0.24% | 40,883 | $1.4M | Add +117.9% |
| H Hyatt Hotels Corp. Class A | 0.24% | 9,787 | $1.4M | Add +107.0% |
| STLD Steel Dynamics Inc. | 0.24% | 9,961 | $1.4M | Add +68.1% |
| AIT Applied Industrial Tech Inc. | 0.24% | 5,320 | $1.4M | Add +50.1% |
| PKG Packaging Corp. of America | 0.24% | 6,372 | $1.4M | Add +157.8% |
| MLI Mueller Industries Inc. | 0.24% | 13,717 | $1.4M | Add +53.9% |
| AKAM Akamai Technologies Inc. | 0.24% | 18,289 | $1.4M | Add +194.8% |
| CMI Cummins Inc. | 0.24% | 3,279 | $1.4M | New |
| COLM Columbia Sportswear Co. | 0.24% | 26,422 | $1.4M | Add +92.2% |
| CSL Carlisle Cos Inc. | 0.24% | 4,194 | $1.4M | Add +115.8% |
| WRBY Warby Parker Inc. Class A | 0.24% | 49,928 | $1.4M | Add +47.3% |
| PNC PNC Financial Services Group | 0.24% | 6,840 | $1.4M | Add +54.9% |
| MTG Mgic Investment Corp. | 0.24% | 48,343 | $1.4M | Add +59.9% |
| DDS Dillards Inc. Class A | 0.24% | 2,229 | $1.4M | Add +10.8% |
| EEFT Euronet Worldwide Inc. | 0.24% | 15,548 | $1.4M | Add +94.5% |
| ESNT Essent Group Ltd. | 0.24% | 21,473 | $1.4M | Add +398.6% |
| WH Wyndham Hotels & Resorts Inc. | 0.24% | 17,073 | $1.4M | Reduce -22.6% |
| HAL Halliburton Co. | 0.24% | 55,390 | $1.4M | Add +60.3% |
| FTI Technipfmc PLC | 0.24% | 34,452 | $1.4M | Add +51.2% |
| THO Thor Industries Inc. | 0.24% | 13,080 | $1.4M | Add +38.3% |
| WU Western Union Co. | 0.24% | 169,705 | $1.4M | Add +89.0% |
| BX Blackstone Inc. | 0.24% | 7,933 | $1.4M | Add +39.6% |
| GLBE Global-E Online Ltd. | 0.24% | 37,856 | $1.4M | Add +202.4% |
| DHT DHT Holdings Inc. | 0.24% | 112,985 | $1.4M | Add +63.3% |
| ICUI Icu Medical Inc. | 0.24% | 11,246 | $1.3M | Add +139.3% |
| NTAP Netapp Inc. | 0.24% | 11,374 | $1.3M | Add +131.4% |
| FSS Federal Signal Corp. | 0.24% | 11,303 | $1.3M | Add +40.5% |
| GKOS Glaukos Corp. | 0.24% | 16,484 | $1.3M | Add +148.9% |
| CAVA Cava Group Inc. | 0.24% | 22,215 | $1.3M | Add +171.3% |
| SCI Service Corp. International | 0.24% | 16,118 | $1.3M | Add +67.1% |
| BC Brunswick Corp. | 0.24% | 21,177 | $1.3M | New |
| COP Conocophillips | 0.24% | 14,123 | $1.3M | Add +92.2% |
| PAYC Paycom Software Inc. | 0.23% | 6,394 | $1.3M | Add +204.6% |
| EOG EOG Resources Inc. | 0.23% | 11,856 | $1.3M | Add +83.4% |
| TXT Textron Inc. | 0.23% | 15,731 | $1.3M | New |
| WSM Williams-Sonoma Inc. | 0.23% | 6,743 | $1.3M | Add +102.5% |
| RVLV Revolve Group Inc. Class A | 0.23% | 61,739 | $1.3M | Add +56.1% |
| RIVN Rivian Automotive Inc. Class A | 0.23% | 89,213 | $1.3M | Add +49.0% |
| TWST Twist Bioscience Corp. | 0.23% | 46,415 | $1.3M | Add +96.6% |
| BLK BlackRock Inc. | 0.23% | 1,114 | $1.3M | Add +166.5% |
| PNR Pentair PLC | 0.23% | 11,600 | $1.3M | Add +67.0% |
| BYD Boyd Gaming Corp. | 0.23% | 14,851 | $1.3M | Reduce -15.1% |
| WFC Wells Fargo & Co. | 0.22% | 15,015 | $1.3M | Add +142.2% |
| TSN Tyson Foods Inc. Class A | 0.22% | 23,104 | $1.3M | New |
| ITW Illinois Tool Works | 0.22% | 4,780 | $1.2M | Add +171.6% |
| OMCL Omnicell Inc. | 0.22% | 40,827 | $1.2M | Add +55.5% |
| QLYS Qualys Inc. | 0.22% | 9,349 | $1.2M | Add +81.7% |
| BILL Bill Holdings Inc. | 0.22% | 23,270 | $1.2M | Add +23.0% |
| HUN Huntsman Corp. | 0.22% | 137,125 | $1.2M | Add +70.7% |
| AYI Acuity Inc. | 0.22% | 3,569 | $1.2M | Add +27.6% |
| RRC Range Resources Corp. | 0.22% | 32,602 | $1.2M | Add +242.3% |
| KMI Kinder Morgan Inc. | 0.22% | 43,234 | $1.2M | New |
| DBX Dropbox Inc. Class A | 0.21% | 40,086 | $1.2M | Add +140.8% |
| RPM RPM International Inc. | 0.21% | 10,223 | $1.2M | New |
| ABNB Airbnb Inc. Class A | 0.21% | 9,924 | $1.2M | Add +124.2% |
| WIX Wix.com Ltd. | 0.21% | 6,782 | $1.2M | Add +228.1% |
Portfolio Sells Q2 2025 → Q3 2025
| XLF SS Financial Select Sector | Reduce -55.3% | 1.65% | −2.97 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −2.54 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.8% | 9.67% | −2.44 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −2.08 |
| ICLN iShares Global Clean Energy | Sold out | 0.00% | −1.43 |
| KR Kroger Co. | Sold out | 0.00% | −1.30 |
| ARMK Aramark | Reduce -93.3% | 0.06% | −1.27 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -68.5% | 0.41% | −1.13 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −1.12 |
| BAX Baxter International Inc. | Sold out | 0.00% | −1.00 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.92 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.83 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -42.9% | 0.71% | −0.71 |
| FDS Factset Research Systems Inc. | Reduce -85.1% | 0.06% | −0.70 |
| IDXX Idexx Laboratories Inc. | Reduce -80.7% | 0.14% | −0.63 |
| DE Deere & Co. | Sold out | 0.00% | −0.63 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.60 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.57 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.54 |
| MSCI MSCI Inc. | Reduce -44.3% | 0.36% | −0.48 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.39 |
| A Agilent Technologies Inc. | Reduce -59.6% | 0.20% | −0.38 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.34 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.33 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.31 |
| ELS Equity Lifestyle Properties | Sold out | 0.00% | −0.31 |
| TMO Thermo Fisher Scientific Inc. | Reduce -60.0% | 0.18% | −0.30 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.29 |
| CI The Cigna Group | Reduce -69.9% | 0.07% | −0.28 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.28 |
| T AT&T Inc. | Sold out | 0.00% | −0.26 |
| SRAD Sportradar Group AG-A | Sold out | 0.00% | −0.24 |
| INTC Intel Corp. | Reduce -48.2% | 0.34% | −0.22 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.22 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.20 |
| VRSK Verisk Analytics Inc. | Reduce -60.7% | 0.07% | −0.20 |
| RAMP Liveramp Holdings Inc. | Sold out | 0.00% | −0.19 |
| LEA Lear Corp. | Sold out | 0.00% | −0.19 |
| OMC Omnicom Group | Sold out | 0.00% | −0.19 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −0.19 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.19 |
| MATX Matson Inc. | Sold out | 0.00% | −0.19 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.19 |
| SHOO Steven Madden Ltd. | Sold out | 0.00% | −0.19 |
| ALRM Alarm.com Holdings Inc. | Sold out | 0.00% | −0.19 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.19 |
| AMCR Amcor PLC | Sold out | 0.00% | −0.19 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −0.19 |
| CLDX Celldex Therapeutics Inc. | Sold out | 0.00% | −0.19 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q2 2025 → Q3 2025
| XLI SS Industrial Select Sector | Add +93.3% | 12.14% | +4.43 |
| XLP SS Consumer Staples Sel Sect | Add +106.2% | 7.47% | +2.66 |
| KIE SS SPDR S&P Insurance ETF | New | 1.99% | +1.99 |
| XLK SS Technology Select Sector | New | 1.78% | +1.78 |
| SOXX iShares Semiconductor ETF | New | 1.75% | +1.75 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +41.5% | 6.10% | +0.97 |
| UBS UBS Group AG-Reg | New | 0.88% | +0.88 |
| ELAN Elanco Animal Health Inc. | Add +76.3% | 1.75% | +0.85 |
| XLV SS Health Care Select Sector | Add +48.2% | 4.25% | +0.68 |
| IWM iShares Russell 2000 ETF | Add +46.7% | 2.84% | +0.62 |
| TW Tradeweb Markets Inc. Class A | New | 0.58% | +0.58 |
| SWK Stanley Black & Decker Inc. | New | 0.48% | +0.48 |
| NKE Nike Inc. Class B | Add +349.5% | 0.53% | +0.38 |
| MTD Mettler-Toledo International | Add +108.6% | 0.72% | +0.30 |
| BIO Bio-Rad Laboratories-A | Add +171.7% | 0.42% | +0.25 |
| TSLA Tesla Inc. | New | 0.25% | +0.25 |
| CMI Cummins Inc. | New | 0.24% | +0.24 |
| BC Brunswick Corp. | New | 0.24% | +0.24 |
| GM General Motors Co. | Add +94.1% | 0.51% | +0.24 |
| TXT Textron Inc. | New | 0.23% | +0.23 |
| TSN Tyson Foods Inc. Class A | New | 0.22% | +0.22 |
| KMI Kinder Morgan Inc. | New | 0.22% | +0.22 |
| RPM RPM International Inc. | New | 0.21% | +0.21 |
| ALC Alcon Inc. | New | 0.21% | +0.21 |
| V Visa Inc. Class A | New | 0.20% | +0.20 |
| ARCB Arcbest Corp. | New | 0.20% | +0.20 |
| KO The Coca-Cola Co. | New | 0.19% | +0.19 |
| ODFL Old Dominion Freight Line | New | 0.19% | +0.19 |
| IT Gartner Inc. | New | 0.19% | +0.19 |
| PATH Uipath Inc. Class A | Add +319.6% | 0.27% | +0.19 |
| QGEN Qiagen N.V. | Add +78.2% | 0.82% | +0.19 |
| DOV Dover Corp. | New | 0.18% | +0.18 |
| ESNT Essent Group Ltd. | Add +398.6% | 0.24% | +0.18 |
| CAKE The Cheesecake Factory Inc. | New | 0.18% | +0.18 |
| CROX Crocs Inc. | New | 0.18% | +0.18 |
| FIG Figma Inc. Class A | New | 0.18% | +0.18 |
| MRSH Marsh & McLennan Cos | New | 0.18% | +0.18 |
| DHR Danaher Corp. | Add +75.5% | 0.63% | +0.17 |
| CL Colgate-Palmolive Co. | New | 0.17% | +0.17 |
| ZBH Zimmer Biomet Holdings Inc. | Add +280.8% | 0.25% | +0.17 |
| TJX TJX Companies Inc. | New | 0.17% | +0.17 |
| MUSA Murphy USA Inc. | New | 0.16% | +0.16 |
| PRGO Perrigo Co. PLC | New | 0.16% | +0.16 |
| VEEV Veeva Systems Inc. Class A | New | 0.16% | +0.16 |
| ILMN Illumina Inc. | Add +79.5% | 0.54% | +0.15 |
| AMP Ameriprise Financial Inc. | New | 0.15% | +0.15 |
| CCC CCC Intelligent Solutions Ho | Add +491.7% | 0.19% | +0.15 |
| GLBE Global-E Online Ltd. | Add +202.4% | 0.24% | +0.14 |
| DKS Dick's Sporting Goods Inc. | New | 0.14% | +0.14 |
| PKG Packaging Corp. of America | Add +157.8% | 0.24% | +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 |