Portman Square Capital LLP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 19, 2024), Portman Square Capital LLP reported 86 stock positions worth $128.3 million . Its top holding was Akamai Technologies (AKAM) at 9.0% of the portfolio, followed by Insulet (PODD, 6.9% ) and SHIFT4 Payments Class A (FOUR, 4.1% ). Compared with Q1 2024, it opened 35 new positions, sold out of 32, added to 32 and reduced 16. The biggest buy was a new position in BP PLC-Spons ADR (BP) and the biggest sale an exit from Middleby (MIDD).
Location London, X0
CIK 0001966898
Portfolio Value $128.3M (Q2 2024) Holdings 86 stocks · $128.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 AKAM Akamai Technologies Inc. 127,576 $11.5M Reduce -8.3% PODD Insulet Corp. 44,139 $8.9M Add +24.4% FOUR SHIFT4 Payments Inc. Class A 71,760 $5.3M Add +20.1% BP BP PLC-Spons ADR 124,830 $4.5M New XLE SS Energy Select Sector 45,863 $4.2M New WGO Winnebago Industries 71,722 $3.9M Add +663.2% DINO HF Sinclair Corp. 58,594 $3.1M Add +1375.5% KHC The Kraft Heinz Co. 91,013 $2.9M New ALNY Alnylam Pharmaceuticals Inc. 11,848 $2.9M Reduce -26.1% COP Conocophillips 24,237 $2.8M New LEA Lear Corp. 23,870 $2.7M New W Wayfair Inc. Class A 49,924 $2.6M New EOG EOG Resources Inc. 20,434 $2.6M Add +308.6% LYB Lyondellbasell Indu Class A 26,372 $2.5M Add +658.3% OKE Oneok Inc. 26,668 $2.2M Add +458.7% RS Reliance Inc. 7,329 $2.1M New MAN Manpowergroup Inc. 29,729 $2.1M New MUR Murphy Oil Corp. 48,788 $2.0M New PCG P G & E Corp. 113,943 $2.0M Reduce -29.1% NOW ServiceNow Inc. 2,511 $2.0M Add +164.0% DVN Devon Energy Corp. 38,989 $1.8M Add +84.2% FLR Fluor Corp. 42,392 $1.8M Reduce -39.3% CC The Chemours Co. 76,971 $1.7M Add +63.9% NUE Nucor Corp. 10,906 $1.7M Add +672.9% MLM Martin Marietta Materials 3,063 $1.7M New DRI Darden Restaurants Inc. 10,916 $1.7M New CSX CSX Corp. 45,416 $1.5M New MTDR Matador Resources Co. 25,049 $1.5M New ITRI Itron Inc. 15,045 $1.5M New NBIX Neurocrine Biosciences Inc. 10,457 $1.4M Add +531.1% WYNN WYNN Resorts Ltd. 15,048 $1.3M New ON On Semiconductor 19,524 $1.3M Add +124.7% SEIC Sei Investments Company 20,247 $1.3M New ADP Automatic Data Processing 5,431 $1.3M Add +144.0% CLF Cleveland-Cliffs Inc. 84,081 $1.3M Add +32.9% CSCO Cisco Systems Inc. 25,870 $1.2M Add +45.2% SPG Simon Property Group Inc. 8,047 $1.2M Add +123.6% BBIO Bridgebio Pharma Inc. 48,177 $1.2M Reduce -37.9% CDW CDW Corp. 5,418 $1.2M Add +107.0% THO Thor Industries Inc. 12,281 $1.1M Add +317.0% HLF Herbalife Ltd. 108,704 $1.1M Add +5.0% EQT Eqt Corp. 28,103 $1.0M Reduce -42.1% MA Mastercard Inc. Class A 2,310 $1.0M New FANG Diamondback Energy Inc. 5,040 $1.0M New VTRS Viatris Inc. 87,324 $928K Add +250.6% FISV Fiserv Inc. 6,212 $926K New RH RH 3,721 $910K Add +249.4% KOS Kosmos Energy Ltd. 162,055 $898K Add +1016.8% STZ Constellation Brands Inc. Class A 3,461 $890K New APA Apa Corp. 29,894 $880K New KMX Carmax Inc. 11,400 $836K New HUM Humana Inc. 2,196 $821K Reduce -54.0% ARCB Arcbest Corp. 7,614 $815K New ARKK ARK Innovation ETF 16,743 $736K New CAH Cardinal Health Inc. 7,371 $725K New HAL Halliburton Co. 21,434 $724K Reduce -20.2% BG Bunge Global SA 6,441 $688K New SKT Tanger Inc. 24,658 $668K Add +244.6% WOLF Wolfspeed Inc. 28,916 $658K Reduce -1.1% SMCI Super Micro Computer Inc. 796 $652K No change RRC Range Resources Corp. 19,134 $642K Reduce -28.9% CMC Commercial Metals Co. 11,342 $624K New TTWO Take-Two Interactive Softwre 3,985 $620K Reduce -30.2% ADSK Autodesk Inc. 2,490 $616K Add +27.8% STT State Street Corp. 7,041 $521K Add +107.4% ENOV Enovis Corp. 10,683 $483K New GLW Corning Inc. 11,000 $427K New TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 3,549 $409K Add +49.3% LOW Lowe's Cos Inc. 1,856 $409K Add +68.7% SWKS Skyworks Solutions Inc. 3,715 $396K Add +14.2% NCLH Norwegian Cruise Line Holdin 20,104 $378K Add +15.3% BLK BlackRock Finance Inc. 465 $366K No change MP MP Materials Corp. 27,790 $354K New TRGP Targa Resources Corp. 2,561 $330K New ABBV Abbvie Inc. 1,828 $314K Reduce -31.1% MRO Marathon Oil Corp. 10,788 $309K No change XRX Xerox Holdings Corp. 25,935 $301K Add +77.0% SNX TD Synnex Corp. 2,433 $281K Reduce -36.3% FDX FedEx Corp. 895 $268K Reduce -57.9% VSH Vishay Intertechnology Inc. 11,642 $260K New VOYA Voya Financial Inc. 3,503 $249K Reduce -28.5% UNH Unitedhealth Group Inc. 459 $234K Add +2.2% BBY Best Buy Co. Inc. 2,684 $226K New ROST Ross Stores Inc. 1,452 $211K New WEC WEC Energy Group Inc. 2,629 $206K New SBSW Sibanye-Stillwater Ltd.-ADR 30,568 $133K Reduce -62.0%
Options reported separately and not counted above: BABA puts ($115.2M), FOUR puts ($103.7M), AKAM puts ($86.7M), LYV puts ($78.6M), MIDD puts ($52.3M), TCOM puts ($51.1M), STX puts ($48.8M), AAL puts ($47.4M), CCL puts ($37.6M), WDC puts ($37.0M), RIVN puts ($35.7M), PODD puts ($34.6M), and 218 more.
Other holdings (7): bonds, preferreds, convertibles and warrants · $169.0M (not counted above) Security Class Shares / Principal Value Change PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal 41,650,000 $54.8M Reduce -25.3% AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 26,440,000 $27.4M Reduce -38.6% WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 18,000,000 $25.0M New RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 19,700,000 $19.3M Reduce -38.8% ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 15,200,000 $15.1M No change NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 11,450,000 $13.9M Reduce -20.8% INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 8,650,000 $13.4M Reduce -33.2%
Total filed on the 13F, all lines: $297.3M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ MIDD Middleby Corp. Sold out 0.00% −17.03 AKAM Akamai Technologies Inc. Reduce -8.3% 8.96% −6.59 DKS Dick's Sporting Goods Inc. Sold out 0.00% −2.06 FLR Fluor Corp. Reduce -39.3% 1.44% −1.60 ZTO Zto Express Cayman Inc.-ADR Sold out 0.00% −1.56 SMTC Semtech Corp. Sold out 0.00% −1.55 BBIO Bridgebio Pharma Inc. Reduce -37.9% 0.95% −1.52 PCG P G & E Corp. Reduce -29.1% 1.55% −1.22 MU Micron Technology Inc. Sold out 0.00% −1.15 OLED Universal Display Corp. Sold out 0.00% −1.14 HUM Humana Inc. Reduce -54.0% 0.64% −1.06 TSLA Tesla Inc. Sold out 0.00% −1.06 EQT Eqt Corp. Reduce -42.1% 0.81% −1.04 META Meta Platforms Inc. Class A Sold out 0.00% −0.83 RIVN Rivian Automotive Inc. Class A Sold out 0.00% −0.81 LYV Live Nation Entertainment Inc. Sold out 0.00% −0.69 PLAY Dave & Buster's Entertainmen Sold out 0.00% −0.62 AMD Advanced Micro Devices Sold out 0.00% −0.62 WDC Western Digital Corp. Sold out 0.00% −0.60 FCX Freeport-McMoran Inc. Sold out 0.00% −0.55 PRU Prudential Financial Inc. Sold out 0.00% −0.55 BTU Peabody Energy Corp. Sold out 0.00% −0.54 HAL Halliburton Co. Reduce -20.2% 0.56% −0.52 NFLX Netflix Inc. Sold out 0.00% −0.51 AMP Ameriprise Financial Inc. Sold out 0.00% −0.48 RRC Range Resources Corp. Reduce -28.9% 0.50% −0.45 FDX FedEx Corp. Reduce -57.9% 0.21% −0.42 AAPL Apple Inc. Sold out 0.00% −0.40 TTWO Take-Two Interactive Softwre Reduce -30.2% 0.48% −0.39 WOLF Wolfspeed Inc. Reduce -1.1% 0.51% −0.37 CTRA Coterra Energy Inc. Sold out 0.00% −0.36 TTEK Tetra Tech Inc. Sold out 0.00% −0.36 WST West Pharmaceutical Services Sold out 0.00% −0.32 HPQ HP Inc. Sold out 0.00% −0.32 BYD Boyd Gaming Corp. Sold out 0.00% −0.31 SBSW Sibanye-Stillwater Ltd.-ADR Reduce -62.0% 0.10% −0.29 WING Wingstop Inc. Sold out 0.00% −0.26 ABBV Abbvie Inc. Reduce -31.1% 0.24% −0.25 GES Guess? Inc. Sold out 0.00% −0.25 CPE Callon Petroleum Co. Sold out 0.00% −0.25 CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.23 SIG Signet Jewelers Ltd. Sold out 0.00% −0.23 SNX TD Synnex Corp. Reduce -36.3% 0.22% −0.23 STX Seagate Technology Holdings Sold out 0.00% −0.22 ALNY Alnylam Pharmaceuticals Inc. Reduce -26.1% 2.24% −0.22 BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.22 VOYA Voya Financial Inc. Reduce -28.5% 0.19% −0.18 NIO Nio Inc. - ADR Sold out 0.00% −0.16
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ BP BP PLC-Spons ADR New 3.51% +3.51 XLE SS Energy Select Sector New 3.26% +3.26 WGO Winnebago Industries Add +663.2% 3.03% +2.32 KHC The Kraft Heinz Co. New 2.29% +2.29 DINO HF Sinclair Corp. Add +1375.5% 2.44% +2.19 COP Conocophillips New 2.16% +2.16 LEA Lear Corp. New 2.13% +2.13 W Wayfair Inc. Class A New 2.05% +2.05 RS Reliance Inc. New 1.63% +1.63 MAN Manpowergroup Inc. New 1.62% +1.62 LYB Lyondellbasell Indu Class A Add +658.3% 1.97% +1.60 MUR Murphy Oil Corp. New 1.57% +1.57 EOG EOG Resources Inc. Add +308.6% 2.01% +1.35 OKE Oneok Inc. Add +458.7% 1.70% +1.30 MLM Martin Marietta Materials New 1.29% +1.29 DRI Darden Restaurants Inc. New 1.29% +1.29 CSX CSX Corp. New 1.18% +1.18 MTDR Matador Resources Co. New 1.16% +1.16 ITRI Itron Inc. New 1.16% +1.16 NUE Nucor Corp. Add +672.9% 1.34% +1.06 WYNN WYNN Resorts Ltd. New 1.05% +1.05 SEIC Sei Investments Company New 1.02% +1.02 NBIX Neurocrine Biosciences Inc. Add +531.1% 1.12% +0.89 MA Mastercard Inc. Class A New 0.79% +0.79 NOW ServiceNow Inc. Add +164.0% 1.54% +0.79 FANG Diamondback Energy Inc. New 0.79% +0.79 FISV Fiserv Inc. New 0.72% +0.72 STZ Constellation Brands Inc. Class A New 0.69% +0.69 PODD Insulet Corp. Add +24.4% 6.94% +0.69 APA Apa Corp. New 0.69% +0.69 KMX Carmax Inc. New 0.65% +0.65 ARCB Arcbest Corp. New 0.64% +0.64 KOS Kosmos Energy Ltd. Add +1016.8% 0.70% +0.61 ARKK ARK Innovation ETF New 0.57% +0.57 CAH Cardinal Health Inc. New 0.56% +0.56 THO Thor Industries Inc. Add +317.0% 0.89% +0.54 BG Bunge Global SA New 0.54% +0.54 CMC Commercial Metals Co. New 0.49% +0.49 ADP Automatic Data Processing Add +144.0% 1.01% +0.44 VTRS Viatris Inc. Add +250.6% 0.72% +0.42 ON On Semiconductor Add +124.7% 1.04% +0.39 ENOV Enovis Corp. New 0.38% +0.38 SPG Simon Property Group Inc. Add +123.6% 0.95% +0.37 DVN Devon Energy Corp. Add +84.2% 1.44% +0.35 GLW Corning Inc. New 0.33% +0.33 RH RH Add +249.4% 0.71% +0.33 SKT Tanger Inc. Add +244.6% 0.52% +0.30 MP MP Materials Corp. New 0.28% +0.28 TRGP Targa Resources Corp. New 0.26% +0.26 CDW CDW Corp. Add +107.0% 0.95% +0.26
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ BABA Alibaba Group Holding-SP ADR put New 1,587,500 $115.2M FOUR SHIFT4 Payments Inc. Class A put Reduce -32.8% 1,413,400 $103.7M LYV Live Nation Entertainment Inc. put Reduce -25.4% 838,200 $78.6M TMUS T-Mobile US Inc. put Sold out 400,000 $65.3Mbefore exit MIDD Middleby Corp. put Reduce -11.1% 426,400 $52.3M TCOM Trip.com Group Ltd.-ADR put New 1,087,800 $51.1M STX Seagate Technology Holdings put Reduce -34.6% 473,000 $48.8M AAL American Airlines Group Inc. put Reduce -7.9% 4,180,000 $47.4M FOUR SHIFT4 Payments Inc. Class A call Sold out 675,100 $44.6Mbefore exit MU Micron Technology Inc. put Sold out 367,200 $43.3Mbefore exit CCL Carnival Corp. put Reduce -30.8% 2,010,000 $37.6M WDC Western Digital Corp. put Reduce -41.1% 488,500 $37.0M NVDA Nvidia Corp. call Sold out 400,000 $36.1Mbefore exit SMH Vaneck Semiconductor ETF call Sold out 160,000 $36.0Mbefore exit RIVN Rivian Automotive Inc. Class A put Reduce -19.6% 2,657,700 $35.7M PODD Insulet Corp. put Add +27.0% 171,400 $34.6M BTU Peabody Energy Corp. put Reduce -52.1% 1,551,100 $34.3M EVRG Evergy Inc. put Sold out 640,000 $34.2Mbefore exit NOW ServiceNow Inc. put Sold out 43,000 $32.8Mbefore exit SCHW Schwab (charles) Corp. put Add +103.0% 433,500 $31.9M JPM JPMorgan Chase & Co. call New 146,500 $29.6M AMP Ameriprise Financial Inc. put Sold out 63,400 $27.8Mbefore exit CDW CDW Corp. put Sold out 102,300 $26.2Mbefore exit WEC WEC Energy Group Inc. put New 330,000 $25.9M ORA Ormat Technologies Inc. put Reduce -12.2% 360,000 $25.8M HLF Herbalife Ltd. put Reduce -6.6% 2,463,100 $25.6M TRGP Targa Resources Corp. put Add +127.1% 192,100 $24.7M DINO HF Sinclair Corp. put Add +67.8% 433,800 $23.1M XRX Xerox Holdings Corp. put Add +79.3% 1,900,000 $22.1M SBSW Sibanye-Stillwater Ltd.-ADR put Add +66.7% 5,032,300 $21.9M LYB Lyondellbasell Indu Class A put Add +16.4% 224,600 $21.5M ROST Ross Stores Inc. put Add +164.9% 147,000 $21.4M JPM JPMorgan Chase & Co. put New 104,500 $21.1M AAPL Apple Inc. put Add +321.4% 100,300 $21.1M DVN Devon Energy Corp. put Reduce -11.0% 440,800 $20.9M BYD Boyd Gaming Corp. put Add +72.1% 378,200 $20.8M SCHW Schwab (charles) Corp. call Add +384.9% 280,300 $20.7M WGO Winnebago Industries put Reduce -21.5% 375,000 $20.3M CMG Chipotle Mexican Grill Inc. put Reduce -33.0% 315,000 $19.7M EOG EOG Resources Inc. put Add +145.2% 152,000 $19.1M OLED Universal Display Corp. put Sold out 107,400 $18.1Mbefore exit MA Mastercard Inc. Class A put Add +278.3% 40,100 $17.7M NFLX Netflix Inc. put Reduce -56.5% 26,200 $17.7M EQT Eqt Corp. put Reduce -18.3% 476,100 $17.6M PLAY Dave & Buster's Entertainmen put Sold out 273,600 $17.1Mbefore exit FDX FedEx Corp. put Reduce -50.1% 57,100 $17.1M NCLH Norwegian Cruise Line Holdin put Reduce -50.0% 900,000 $16.9M BBY Best Buy Co. Inc. put Add +252.7% 199,600 $16.8M FCX Freeport-McMoran Inc. put Reduce -40.3% 331,000 $16.1M META Meta Platforms Inc. Class A put Reduce -68.4% 31,700 $16.0M
Showing the first 50 of 199.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal Sold out 47,400,000 $135.5Mbefore exit PEABODY ENERGY CORP (BTU 3.25 03/01/28) NOTE 3.250% 3/0 · principal Reduce -25.3% 41,650,000 $54.8M AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Reduce -38.6% 26,440,000 $27.4M WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal New 18,000,000 $25.0M RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -38.8% 19,700,000 $19.3M NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal Reduce -20.8% 11,450,000 $13.9M INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal Reduce -33.2% 8,650,000 $13.4M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 25 $298.1M BABA, RDDT, W, NEE, STX Q1 2026 26 $159.8M NEE, ALB, GLD, W, ORCL Q4 2025 22 $103.5M NEE, KKR, ALB, TTEK, BA Q3 2025 17 $38.4M BBIO, W, ITRI, LCID, BL Q2 2025 27 $49.8M PODD, W, BBIO, ALNY, LOW Q1 2025 43 $114.2M PODD, W, BP, NCLH, SKX Q4 2024 55 $108.3M PODD, W, DVN, WDC, BP Q3 2024 74 $127.1M PODD, BP, DINO, DVN, AKAM Q2 2024 86 $128.3M AKAM, PODD, FOUR, BP, XLE Q1 2024 83 $97.3M MIDD, AKAM, PODD, FOUR, FLR