Seldon Capital LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Seldon Capital LP reported 70 stock positions worth $284.5 million. Its top holding was Talen Energy (TLN) at 10.6% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 10.3%) and Celestica (CLS, 9.7%). Compared with Q2 2025, it opened 11 new positions, sold out of 8, added to 3 and reduced 5. The biggest buy was a new position in Quimica Y Minera Chil-SP ADR (SQM) and the biggest sale an exit from Qfin Holdings Inc.-ADR (QFIN).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001867731
Portfolio Value
$284.5M (Q3 2025)
SEC Filing
0001867731-25-000010 ↗ filed Nov 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $165.1M Q1 2024 Q2 2024: $178.9M Q2 2024 Q3 2024: $177.3M Q3 2024 Q4 2024: $244.3M Q4 2024 Q1 2025: $158.9M Q1 2025 Q2 2025: $230.2M Q2 2025 Q3 2025: $284.5M $284.5M Q3 2025 Q4 2025: $288.8M Q4 2025 Q1 2026: $272.0M Q1 2026 Q2 2026: $319.6M Q2 2026

Holdings 70 stocks · $284.5M
TLN Talen Energy Corp. 10.59% 70,864 $30.1M No change
VT Vanguard Tot World STK ETF 10.32% 213,135 $29.4M No change
CLS Celestica Inc. 9.69% 111,942 $27.6M No change
VTI VG Morningstar TS MKT ETF-US 6.24% 54,098 $17.8M No change
ECH iShares MSCI Chile ETF 3.92% 338,177 $11.1M Add +2.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3.75% 666,652 $10.7M Reduce -29.6%
VDC Vanguard Consumer Staple ETF 3.57% 47,593 $10.2M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 3.27% 216,558 $9.3M New
VEA Vanguard Ftse Developed ETF 3.14% 149,017 $8.9M No change
RDDT Reddit Inc. Class A 2.70% 33,400 $7.7M No change
AS Amer Sports Inc. 2.66% 217,659 $7.6M Reduce -20.6%
ACMR Acm Research Inc. Class A 2.66% 193,242 $7.6M New
INTC Intel Corp. 2.60% 220,730 $7.4M New
PDD PDD Holdings Inc. 2.30% 49,476 $6.5M Add +2.6%
U Unity Software Inc. 2.22% 157,820 $6.3M New
LAR Lithium Argentina AG 2.14% 1,819,689 $6.1M New
GBTC Grayscale Bitcoin Trust ETF 2.09% 66,107 $5.9M No change
AAPL Apple Inc. 2.08% 23,268 $5.9M No change
EQT Eqt Corp. 2.03% 106,022 $5.8M Reduce -29.1%
IEFA iShares Core MSCI Eafe ETF 1.92% 62,425 $5.5M No change
TER Teradyne Inc. 1.81% 37,352 $5.1M New
KT KT Corp.-SP ADR 1.62% 236,015 $4.6M No change
VRT Vertiv Holdings Co. Class A 1.34% 25,218 $3.8M No change
MUFG Mitsubishi Ufj Finl-Spon ADR 1.31% 234,566 $3.7M Reduce -28.9%
NVDA Nvidia Corp. 1.17% 17,840 $3.3M No change
MSFT Microsoft Corp. 0.93% 5,126 $2.7M No change
FCNCA First Citizens Bcshs Class A 0.90% 1,434 $2.6M No change
EFV iShares MSCI Eafe Value ETF 0.74% 31,000 $2.1M No change
GOOGL Alphabet Inc. Class A 0.66% 7,720 $1.9M No change
LX Lexinfintech Holdings L-ADR 0.61% 323,174 $1.7M Reduce -50.9%
IEMG iShares Core MSCI Emerging 0.60% 26,019 $1.7M No change
SFD Smithfield Foods Inc. 0.59% 71,274 $1.7M Add +7.5%
TASK Taskus Inc. Class A 0.58% 91,945 $1.6M No change
BND Vanguard Total Bond Market 0.56% 21,582 $1.6M No change
VWO Vanguard Ftse Emerging Marke 0.52% 27,148 $1.5M No change
ASHR Xtrackers Harvest Csi 300 CH 0.51% 44,106 $1.5M No change
BTU Peabody Energy Corp. 0.49% 53,027 $1.4M New
AMZN Amazon.com Inc. 0.41% 5,320 $1.2M No change
TSM Taiwan Semiconductor-SP ADR 0.38% 3,823 $1.1M No change
META Meta Platforms Inc. Class A 0.36% 1,382 $1.0M No change
TIP iShares Tips Bond ETF 0.33% 8,515 $947K No change
NTES Netease Inc.-ADR 0.26% 4,841 $736K New
AVDV Avantis Intl S/C Value ETF 0.25% 8,000 $712K No change
BTC Grayscale Bitcoin Mini ETF 0.24% 13,221 $669K No change
ORCL Oracle Corp. 0.22% 2,265 $637K No change
AVGO Broadcom Inc. 0.22% 1,920 $633K No change
V Visa Inc. Class A 0.18% 1,496 $511K No change
IGM iShares Expanded Tech Sector 0.17% 3,786 $477K No change
ITOT iShares Core S&P Total U.S. 0.15% 2,876 $419K No change
FLDR Fidelity Low Durat Fact ETF 0.14% 8,075 $405K No change
CWB SS SPDR BB Conv Sec ETF 0.13% 4,068 $368K No change
HD Home Depot Inc. 0.12% 825 $334K No change
APH Amphenol Corp. Class A 0.12% 2,668 $330K No change
JNJ Johnson & Johnson 0.11% 1,713 $318K No change
LLY Eli Lilly & Co. 0.11% 404 $308K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 5,502 $284K No change
WMT Walmart Inc. 0.10% 2,754 $284K No change
PG The Procter & Gamble Co. 0.10% 1,828 $281K No change
AU Anglogold Ashanti PLC 0.10% 3,993 $281K New
GOVT iShares US Treasury Bond ETF 0.09% 11,600 $268K No change
MA Mastercard Inc. Class A 0.09% 454 $258K No change
INTU Intuit Inc. 0.09% 378 $258K No change
BEPC Brookfield Renewable Corp. 0.09% 7,143 $246K No change
UNH Unitedhealth Group Inc. 0.08% 687 $237K No change
AMAT Applied Materials Inc. 0.08% 1,125 $230K No change
COST Costco Wholesale Corp. 0.08% 238 $220K No change
CRH CRH PLC 0.07% 1,767 $212K New
BSAC Banco Santander-Chile-ADR 0.07% 7,943 $210K No change
ISRG Intuitive Surgical Inc. 0.07% 462 $207K No change
LRCX Lam Research Corp. 0.07% 1,540 $206K New

Portfolio Sells Q2 2025 → Q3 2025
QFIN Qfin Holdings Inc.-ADR Sold out 0.00% −2.44
AS Amer Sports Inc. Reduce -20.6% 2.66% −1.96
NU Nu Holdings Ltd./Cayman Isl-A Reduce -29.6% 3.75% −1.89
EQT Eqt Corp. Reduce -29.1% 2.03% −1.76
LX Lexinfintech Holdings L-ADR Reduce -50.9% 0.61% −1.45
GGAL Grupo Financiero Galicia-ADR Sold out 0.00% −1.00
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -28.9% 1.31% −0.65
SMFG Sumitomo Mitsui-Spons ADR Sold out 0.00% −0.61
VIST Vista Energy Sab DE CV Sold out 0.00% −0.27
NOW ServiceNow Inc. Sold out 0.00% −0.09
BSX Boston Scientific Corp. Sold out 0.00% −0.09
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.09
TRI Thomson Reuters Corp. Sold out 0.00% −0.09

Portfolio Buys Q2 2025 → Q3 2025
SQM Quimica Y Minera Chil-SP ADR New 3.27% +3.27
ACMR Acm Research Inc. Class A New 2.66% +2.66
INTC Intel Corp. New 2.60% +2.60
U Unity Software Inc. New 2.22% +2.22
LAR Lithium Argentina AG New 2.14% +2.14
TER Teradyne Inc. New 1.81% +1.81
BTU Peabody Energy Corp. New 0.49% +0.49
NTES Netease Inc.-ADR New 0.26% +0.26
PDD PDD Holdings Inc. Add +2.6% 2.30% +0.11
AU Anglogold Ashanti PLC New 0.10% +0.10
CRH CRH PLC New 0.07% +0.07
LRCX Lam Research Corp. New 0.07% +0.07
SFD Smithfield Foods Inc. Add +7.5% 0.59% −0.09
ECH iShares MSCI Chile ETF Add +2.3% 3.92% −0.60

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 74$319.6MINTC, CLS, TLN, VRSN, VTI
Q1 2026 65$272.0MBSY, CLS, TLN, SQM, VTI
Q4 2025 65$288.8MVT, CLS, TLN, SQM, VTI
Q3 2025 70$284.5MTLN, VT, CLS, VTI, ECH
Q2 2025 67$230.2MVT, TLN, CLS, VTI, NU
Q1 2025 58$158.9MCLS, TLN, VTI, VDC, VT
Q4 2024 67$244.3MRDDT, CLS, TLN, VTI, VRT
Q3 2024 65$177.3MRDDT, VTI, TLN, CLS, VDC
Q2 2024 60$178.9MRDDT, VRT, VTI, CLS, EDU
Q1 2024 58$165.1MVRT, RDDT, VTI, EDU, CLS