Pertento Partners LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Pertento Partners LLP reported 18 stock positions worth $885.7 million. Its top holding was US Foods (USFD) at 12.3% of the portfolio, followed by Silicon Motion Technol-ADR (SIMO, 10.7%) and Primo Brands (PRMB, 8.9%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 9 and reduced 3. The biggest buy was a new position in Ies (IESC) and the biggest sale an exit from Icon (ICLR).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001894571
- Portfolio Value
- $885.7M (Q2 2025)
- SEC Filing
- 0001894571-25-000005 ↗ filed Aug 13, 2025
Holdings Value
Holdings 18 stocks · $885.7M
| USFD US Foods Holding Corp. | 12.29% | 1,413,803 | $108.9M | Add +0.9% |
| SIMO Silicon Motion Technol-ADR | 10.69% | 1,259,004 | $94.6M | Add +4.1% |
| PRMB Primo Brands Corp. | 8.90% | 2,662,659 | $78.9M | Add +4.2% |
| FLUT Flutter Entertainment PLC-Di | 7.14% | 221,434 | $63.3M | Add +1.7% |
| UHAL.B U-Haul Holding Co.-Non Voting | 6.12% | 996,304 | $54.2M | Add +1.4% |
| MDU Mdu Resources Group Inc. | 5.94% | 3,155,743 | $52.6M | No change |
| NTGR Netgear Inc. | 5.55% | 1,691,607 | $49.2M | Add +6.0% |
| CLBT Cellebrite Di Ltd. | 5.32% | 2,945,641 | $47.1M | Add +11.8% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 5.30% | 158,378 | $46.9M | New |
| PAX Patria Investments Ltd. Class A | 5.27% | 3,317,006 | $46.6M | Add +0.3% |
| PSMT Pricesmart Inc. | 4.77% | 401,981 | $42.2M | New |
| SLM SLM Corp. | 4.68% | 1,264,836 | $41.5M | Reduce -38.5% |
| IBP Installed Building Products | 4.66% | 228,774 | $41.3M | No change |
| NBBK NB Bancorp Inc. | 4.26% | 2,114,336 | $37.8M | Add +6.8% |
| ROIV Roivant Sciences Ltd. | 3.95% | 3,104,361 | $35.0M | Reduce -14.3% |
| ACMR Acm Research Inc. Class A | 3.00% | 1,024,632 | $26.5M | No change |
| CRAI Cra International Inc. | 1.73% | 81,766 | $15.3M | Reduce -63.7% |
| INDA iShares MSCI India ETF | 0.44% | 69,498 | $3.9M | No change |
Options reported separately and not counted above: SPY puts ($231.7M).
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| IESC Ies Holdings Inc. | New | 5.30% | +5.30 |
| PSMT Pricesmart Inc. | New | 4.77% | +4.77 |
| SIMO Silicon Motion Technol-ADR | Add +4.1% | 10.69% | +3.38 |
| FLUT Flutter Entertainment PLC-Di | Add +1.7% | 7.14% | +1.38 |
| USFD US Foods Holding Corp. | Add +0.9% | 12.29% | +1.34 |
| NTGR Netgear Inc. | Add +6.0% | 5.55% | +0.89 |
| PAX Patria Investments Ltd. Class A | Add +0.3% | 5.27% | +0.80 |
| NBBK NB Bancorp Inc. | Add +6.8% | 4.26% | −0.01 |
| CLBT Cellebrite Di Ltd. | Add +11.8% | 5.32% | −0.79 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +1.4% | 6.12% | −0.83 |
| PRMB Primo Brands Corp. | Add +4.2% | 8.90% | −1.92 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 375,000 | $231.7M |
| EWJ iShares MSCI Japan ETF | put | Sold out | 1,000,000 | $68.6Mbefore exit |
| ASML ASML Holding NV-NY Reg SHS | put | Sold out | 74,500 | $49.4Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $1.4B | USFD, PRMB, IESC, PSMT, CLBT |
| Q1 2026 | 15 | $942.4M | USFD, IESC, PRMB, CLBT, PSMT |
| Q4 2025 | 17 | $910.3M | USFD, CLBT, SIMO, IESC, PRMB |
| Q3 2025 | 15 | $821.0M | SIMO, USFD, CLBT, IESC, PRMB |
| Q2 2025 | 18 | $885.7M | USFD, SIMO, PRMB, FLUT, UHAL.B |
| Q1 2025 | 19 | $837.4M | USFD, PRMB, SIMO, SLM, UHAL.B |
| Q4 2024 | 24 | $972.3M | USFD, PRMB, CLBT, SIMO, SN |
| Q3 2024 | 21 | $818.3M | GEN, USFD, CRAI, SIMO, SN |
| Q2 2024Amended | 21 | $784.1M | SN, GEN, SIMO, USFD, CRAI |
| Q1 2024Amended | 19 | $495.7M | SN, GEN, SIMO, CRAI, USFD |