Perbak Capital Partners LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Perbak Capital Partners LLP reported 219 stock positions worth $327.7 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 19.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 14.1%) and SS Industrial Select Sector (XLI, 11.3%). Compared with Q3 2025, it opened 47 new positions, sold out of 116, added to 14 and reduced 158. The biggest buy was Invesco S&P 500 Equal Weight (RSP, shares +12%) and the biggest sale an exit from SS Health Care Select Sector (XLV).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001968437
- Portfolio Value
- $327.7M (Q4 2025)
- SEC Filing
- 0000902664-26-001029 ↗ filed Feb 17, 2026
Holdings Value
Holdings 219 stocks · $327.7M
| RSP Invesco S&P 500 Equal Weight | 18.96% | 324,343 | $62.1M | Add +12.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 14.10% | 67,756 | $46.2M | Add +30.3% |
| XLI SS Industrial Select Sector | 11.33% | 239,314 | $37.1M | Reduce -46.5% |
| OIH Vaneck Oil Services ETF | 5.63% | 64,815 | $18.5M | New |
| KIE SS SPDR S&P Insurance ETF | 5.37% | 292,505 | $17.6M | Add +53.8% |
| XLP SS Consumer Staples Sel Sect | 4.92% | 207,626 | $16.1M | Reduce -61.7% |
| SOXX iShares Semiconductor ETF | 2.55% | 27,706 | $8.3M | Reduce -24.4% |
| XRT SS SPDR S&P Retail ETF | 1.37% | 52,663 | $4.5M | New |
| WAT Waters Corp. | 1.36% | 11,754 | $4.5M | Add +18.4% |
| RBC RBC Bearings Inc. | 1.32% | 9,657 | $4.3M | Add +443.4% |
| QGEN Qiagen N.V. | 1.32% | 96,094 | $4.3M | Reduce -8.3% |
| ILMN Illumina Inc. | 1.26% | 31,527 | $4.1M | Reduce -2.4% |
| XHB SS SPDR S&P Homebldrs ETF | 1.24% | 39,432 | $4.1M | Add +8.9% |
| DHR Danaher Corp. | 1.17% | 16,736 | $3.8M | Reduce -7.6% |
| MTD Mettler-Toledo International | 1.10% | 2,593 | $3.6M | Reduce -22.6% |
| LYV Live Nation Entertainment Inc. | 1.09% | 25,014 | $3.6M | New |
| BIO Bio-Rad Laboratories-A | 1.03% | 11,121 | $3.4M | Add +29.6% |
| DKNG Draftkings Inc. Class A | 0.92% | 87,212 | $3.0M | New |
| MTZ Mastec Inc. | 0.49% | 7,395 | $1.6M | New |
| PWR Quanta Services Inc. | 0.42% | 3,274 | $1.4M | New |
| ETN Eaton Corp. PLC | 0.40% | 4,141 | $1.3M | New |
| GEV GE Vernova Inc. | 0.39% | 1,931 | $1.3M | New |
| VRT Vertiv Holdings Co. Class A | 0.35% | 7,090 | $1.1M | New |
| ADI Analog Devices Inc. | 0.34% | 4,086 | $1.1M | Reduce -31.7% |
| ODFL Old Dominion Freight Line | 0.33% | 6,820 | $1.1M | Reduce -11.2% |
| MU Micron Technology Inc. | 0.31% | 3,552 | $1.0M | Reduce -12.5% |
| NXPI NXP Semiconductors NV | 0.28% | 4,245 | $921K | Add +2.8% |
| MRVL Marvell Technology Inc. | 0.28% | 10,776 | $916K | Reduce -15.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.23% | 4,671 | $751K | New |
| EXPD Expeditors Intl Wash Inc. | 0.22% | 4,919 | $733K | New |
| FDX FedEx Corp. | 0.22% | 2,470 | $713K | New |
| TFII Tfi International Inc. | 0.22% | 6,872 | $710K | New |
| R Ryder System Inc. | 0.21% | 3,618 | $692K | Add +4.3% |
| LSTR Landstar System Inc. | 0.21% | 4,805 | $690K | New |
| UPS United Parcel Service Class B | 0.21% | 6,950 | $689K | New |
| KNX Knight-Swift Transportation | 0.21% | 13,090 | $684K | New |
| WERN Werner Enterprises Inc. | 0.20% | 22,254 | $668K | New |
| XPO Xpo Inc. | 0.19% | 4,484 | $609K | New |
| NKE Nike Inc. Class B | 0.15% | 7,650 | $487K | Reduce -82.4% |
| COP Conocophillips | 0.15% | 5,091 | $477K | Reduce -64.0% |
| EOG EOG Resources Inc. | 0.14% | 4,502 | $473K | Reduce -62.0% |
| EMN Eastman Chemical Co. | 0.14% | 7,338 | $468K | Reduce -66.9% |
| RACE Ferrari NV | 0.14% | 1,260 | $466K | New |
| CAG Conagra Brands Inc. | 0.14% | 26,678 | $462K | New |
| LIN Linde PLC | 0.14% | 1,081 | $461K | Reduce -44.3% |
| PKG Packaging Corp. of America | 0.14% | 2,231 | $460K | Reduce -65.0% |
| ZBH Zimmer Biomet Holdings Inc. | 0.14% | 5,115 | $460K | Reduce -63.9% |
| LOW Lowe's Cos Inc. | 0.14% | 1,906 | $460K | Reduce -33.2% |
| TSN Tyson Foods Inc. Class A | 0.14% | 7,824 | $459K | Reduce -66.1% |
| IT Gartner Inc. | 0.14% | 1,809 | $456K | Reduce -56.0% |
| BX Blackstone Inc. | 0.14% | 2,945 | $454K | Reduce -62.9% |
| PNC PNC Financial Services Group | 0.14% | 2,157 | $450K | Reduce -68.5% |
| EEFT Euronet Worldwide Inc. | 0.14% | 5,888 | $448K | Reduce -62.1% |
| KMI Kinder Morgan Inc. | 0.14% | 16,222 | $446K | Reduce -62.5% |
| ESNT Essent Group Ltd. | 0.14% | 6,841 | $445K | Reduce -68.1% |
| BC Brunswick Corp. | 0.14% | 5,975 | $444K | Reduce -71.8% |
| WSO Watsco Inc. | 0.13% | 1,312 | $442K | Reduce -62.5% |
| CAKE The Cheesecake Factory Inc. | 0.13% | 8,747 | $442K | Reduce -53.1% |
| FTI Technipfmc PLC | 0.13% | 9,905 | $441K | Reduce -71.3% |
| PAYC Paycom Software Inc. | 0.13% | 2,766 | $441K | Reduce -56.7% |
| MTG Mgic Investment Corp. | 0.13% | 15,085 | $441K | Reduce -68.8% |
| STLD Steel Dynamics Inc. | 0.13% | 2,600 | $441K | Reduce -73.9% |
| CSL Carlisle Cos Inc. | 0.13% | 1,375 | $440K | Reduce -67.2% |
| SNA Snap-on Inc. | 0.13% | 1,275 | $439K | Reduce -68.5% |
| COLM Columbia Sportswear Co. | 0.13% | 7,969 | $439K | Reduce -69.8% |
| DOV Dover Corp. | 0.13% | 2,242 | $438K | Reduce -63.8% |
| WH Wyndham Hotels & Resorts Inc. | 0.13% | 5,775 | $436K | Reduce -66.2% |
| AIT Applied Industrial Tech Inc. | 0.13% | 1,696 | $435K | Reduce -68.1% |
| CROX Crocs Inc. | 0.13% | 5,083 | $435K | Reduce -58.3% |
| RVTY Revvity Inc. | 0.13% | 4,479 | $433K | Reduce -72.9% |
| H Hyatt Hotels Corp. Class A | 0.13% | 2,702 | $433K | Reduce -72.4% |
| NSP Insperity Inc. | 0.13% | 11,114 | $430K | Reduce -50.0% |
| MUSA Murphy USA Inc. | 0.13% | 1,063 | $429K | Reduce -54.7% |
| ICUI Icu Medical Inc. | 0.13% | 3,005 | $429K | Reduce -73.3% |
| AKAM Akamai Technologies Inc. | 0.13% | 4,913 | $429K | Reduce -73.1% |
| SCCO Southern Copper Corp. | 0.13% | 2,984 | $428K | Reduce -74.9% |
| TPH Tri Pointe Homes Inc. | 0.13% | 13,564 | $427K | Reduce -67.1% |
| ABNB Airbnb Inc. Class A | 0.13% | 3,145 | $427K | Reduce -68.3% |
| THO Thor Industries Inc. | 0.13% | 4,157 | $427K | Reduce -68.2% |
| AFG American Financial Group Inc. | 0.13% | 3,117 | $426K | Reduce -67.5% |
| WSM Williams-Sonoma Inc. | 0.13% | 2,377 | $425K | Reduce -64.8% |
| SCI Service Corp. International | 0.13% | 5,442 | $424K | Reduce -66.2% |
| PNR Pentair PLC | 0.13% | 4,063 | $423K | Reduce -65.0% |
| RVLV Revolve Group Inc. Class A | 0.13% | 13,993 | $422K | Reduce -77.3% |
| HUN Huntsman Corp. | 0.13% | 41,946 | $419K | Reduce -69.4% |
| FSS Federal Signal Corp. | 0.13% | 3,831 | $416K | Reduce -66.1% |
| APTV Aptiv PLC | 0.13% | 5,464 | $416K | Reduce -66.1% |
| GLBE Global-E Online Ltd. | 0.13% | 10,550 | $415K | Reduce -72.1% |
| WTS Watts Water Technologies-A | 0.13% | 1,490 | $411K | Reduce -70.2% |
| CSW CSW Industrials Inc. | 0.13% | 1,401 | $411K | Reduce -64.0% |
| PCVX Vaxcyte Inc. | 0.13% | 8,899 | $411K | Reduce -78.3% |
| EXP Eagle Materials Inc. | 0.12% | 1,975 | $408K | Reduce -67.0% |
| CCC CCC Intelligent Solutions Ho | 0.12% | 51,232 | $407K | Reduce -56.6% |
| NTAP Netapp Inc. | 0.12% | 3,789 | $406K | Reduce -66.7% |
| ZBRA Zebra Technologies Corp. Class A | 0.12% | 1,666 | $405K | New |
| RPM RPM International Inc. | 0.12% | 3,889 | $404K | Reduce -62.0% |
| AMP Ameriprise Financial Inc. | 0.12% | 814 | $399K | Reduce -52.6% |
| MBLY Mobileye Global Inc. Class A | 0.12% | 37,840 | $395K | Reduce -29.1% |
| DCI Donaldson Co. Inc. | 0.12% | 4,418 | $392K | Reduce -74.3% |
| DHT DHT Holdings Inc. | 0.12% | 32,073 | $392K | Reduce -71.6% |
Portfolio Sells Q3 2025 → Q4 2025
| XLV SS Health Care Select Sector | Sold out | 0.00% | −4.25 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −2.84 |
| XLP SS Consumer Staples Sel Sect | Reduce -61.7% | 4.92% | −2.55 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −1.78 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −1.75 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −1.65 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.88 |
| XLI SS Industrial Select Sector | Reduce -46.5% | 11.33% | −0.82 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.78 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.58 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.48 |
| GM General Motors Co. | Reduce -92.5% | 0.09% | −0.42 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.41 |
| NKE Nike Inc. Class B | Reduce -82.4% | 0.15% | −0.39 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.36 |
| INTC Intel Corp. | Sold out | 0.00% | −0.34 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.25 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.25 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.24 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.24 |
| WU Western Union Co. | Sold out | 0.00% | −0.24 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.24 |
| TWST Twist Bioscience Corp. | Sold out | 0.00% | −0.23 |
| BYD Boyd Gaming Corp. | Sold out | 0.00% | −0.23 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.22 |
| OMCL Omnicell Inc. | Sold out | 0.00% | −0.22 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.22 |
| GNW Genworth Financial Inc. | Sold out | 0.00% | −0.21 |
| IBP Installed Building Products | Sold out | 0.00% | −0.20 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.20 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.20 |
| ARCB Arcbest Corp. | Sold out | 0.00% | −0.20 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.20 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.19 |
| PATH Uipath Inc. Class A | Reduce -86.6% | 0.08% | −0.19 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.19 |
| POST Post Holdings Inc. | Sold out | 0.00% | −0.19 |
| ESAB Esab Corp. | Sold out | 0.00% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.18 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −0.18 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.18 |
| WRBY Warby Parker Inc. Class A | Reduce -78.3% | 0.07% | −0.17 |
| PEN Penumbra Inc. | Sold out | 0.00% | −0.17 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.16 |
| PRGO Perrigo Co. PLC | Sold out | 0.00% | −0.16 |
| RIVN Rivian Automotive Inc. Class A | Reduce -85.3% | 0.08% | −0.15 |
| YOU Clear Secure Inc. Class A | Sold out | 0.00% | −0.15 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.15 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.14 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| RSP Invesco S&P 500 Equal Weight | Add +12.0% | 18.96% | +9.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +30.3% | 14.10% | +8.00 |
| OIH Vaneck Oil Services ETF | New | 5.63% | +5.63 |
| KIE SS SPDR S&P Insurance ETF | Add +53.8% | 5.37% | +3.38 |
| XRT SS SPDR S&P Retail ETF | New | 1.37% | +1.37 |
| RBC RBC Bearings Inc. | Add +443.4% | 1.32% | +1.20 |
| LYV Live Nation Entertainment Inc. | New | 1.09% | +1.09 |
| DKNG Draftkings Inc. Class A | New | 0.92% | +0.92 |
| WAT Waters Corp. | Add +18.4% | 1.36% | +0.84 |
| BIO Bio-Rad Laboratories-A | Add +29.6% | 1.03% | +0.60 |
| XHB SS SPDR S&P Homebldrs ETF | Add +8.9% | 1.24% | +0.53 |
| MTZ Mastec Inc. | New | 0.49% | +0.49 |
| PWR Quanta Services Inc. | New | 0.42% | +0.42 |
| ETN Eaton Corp. PLC | New | 0.40% | +0.40 |
| GEV GE Vernova Inc. | New | 0.39% | +0.39 |
| VRT Vertiv Holdings Co. Class A | New | 0.35% | +0.35 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.23% | +0.23 |
| EXPD Expeditors Intl Wash Inc. | New | 0.22% | +0.22 |
| FDX FedEx Corp. | New | 0.22% | +0.22 |
| TFII Tfi International Inc. | New | 0.22% | +0.22 |
| LSTR Landstar System Inc. | New | 0.21% | +0.21 |
| UPS United Parcel Service Class B | New | 0.21% | +0.21 |
| KNX Knight-Swift Transportation | New | 0.21% | +0.21 |
| WERN Werner Enterprises Inc. | New | 0.20% | +0.20 |
| XPO Xpo Inc. | New | 0.19% | +0.19 |
| RACE Ferrari NV | New | 0.14% | +0.14 |
| CAG Conagra Brands Inc. | New | 0.14% | +0.14 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.12% | +0.12 |
| ELV Elevance Health Inc. | New | 0.12% | +0.12 |
| NXPI NXP Semiconductors NV | Add +2.8% | 0.28% | +0.12 |
| KEX Kirby Corp. | New | 0.11% | +0.11 |
| HST Host Hotels & Resorts Inc. | New | 0.11% | +0.11 |
| UPST Upstart Holdings Inc. | New | 0.10% | +0.10 |
| R Ryder System Inc. | Add +4.3% | 0.21% | +0.10 |
| KNSL Kinsale Capital Group Inc. | New | 0.09% | +0.09 |
| TRU Transunion | New | 0.09% | +0.09 |
| CMCSA Comcast Corp. Class A | New | 0.09% | +0.09 |
| PSX Phillips 66 | New | 0.09% | +0.09 |
| COO The Cooper Cos Inc. | New | 0.09% | +0.09 |
| PEP Pepsico Inc. | New | 0.08% | +0.08 |
| ALLE Allegion PLC | New | 0.08% | +0.08 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.08% | +0.08 |
| MRP Millrose Properties | New | 0.08% | +0.08 |
| CB Chubb Ltd. | New | 0.08% | +0.08 |
| FOXA Fox Corp. Class A | New | 0.08% | +0.08 |
| STNG Scorpio Tankers Inc. | New | 0.07% | +0.07 |
| ABT Abbott Laboratories | New | 0.07% | +0.07 |
| DINO HF Sinclair Corp. | New | 0.07% | +0.07 |
| GBCI Glacier Bancorp Inc. | New | 0.07% | +0.07 |
| ROKU Roku Inc. | New | 0.07% | +0.07 |
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 |