Seldon Capital LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Seldon Capital LP reported 65 stock positions worth $288.8 million. Its top holding was Vanguard Tot World STK ETF (VT) at 10.4% of the portfolio, followed by Celestica (CLS, 9.6%) and Talen Energy (TLN, 9.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 7, added to 6 and reduced 9. The biggest buy was a new position in Pampa Energia SA-Spon ADR (PAM) and the biggest sale an exit from Amer Sports (AS).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001867731
Portfolio Value
$288.8M (Q4 2025)
SEC Filing
0001867731-26-000002 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $288.8M $288.8M Q4 2025 Q1 2026: $272.0M Q1 2026 Q2 2026: $319.6M Q2 2026

Holdings 65 stocks · $288.8M
VT Vanguard Tot World STK ETF 10.41% 213,135 $30.1M No change
CLS Celestica Inc. 9.58% 93,637 $27.7M Reduce -16.4%
TLN Talen Energy Corp. 9.20% 70,864 $26.6M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 5.26% 220,657 $15.2M Add +1.9%
VTI VG Morningstar TS MKT ETF-US 5.08% 43,798 $14.7M Reduce -19.0%
ECH iShares MSCI Chile ETF 4.73% 338,177 $13.7M No change
PAM Pampa Energia SA-Spon ADR 4.36% 142,151 $12.6M New
LAR Lithium Argentina AG 4.15% 2,148,931 $12.0M Add +18.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 3.86% 666,652 $11.2M No change
VDC Vanguard Consumer Staple ETF 3.48% 47,593 $10.1M No change
VEA Vanguard Ftse Developed ETF 3.22% 149,017 $9.3M No change
VSXY Victoria's Secret & Co. 2.92% 155,950 $8.4M New
INTC Intel Corp. 2.89% 226,071 $8.3M Add +2.4%
TER Teradyne Inc. 2.50% 37,352 $7.2M No change
EQT Eqt Corp. 2.27% 122,204 $6.6M Add +15.3%
AAPL Apple Inc. 2.19% 23,268 $6.3M No change
FCNCA First Citizens Bcshs Class A 2.00% 2,698 $5.8M Add +88.2%
IEFA iShares Core MSCI Eafe ETF 1.93% 62,425 $5.6M No change
PDD PDD Holdings Inc. 1.89% 48,226 $5.5M Reduce -2.5%
GBTC Grayscale Bitcoin Trust ETF 1.52% 64,207 $4.4M Reduce -2.9%
RDDT Reddit Inc. Class A 1.42% 17,843 $4.1M Reduce -46.6%
MUFG Mitsubishi Ufj Finl-Spon ADR 1.29% 234,566 $3.7M No change
U Unity Software Inc. 1.23% 80,620 $3.6M Reduce -48.9%
NVDA Nvidia Corp. 1.15% 17,840 $3.3M No change
VRT Vertiv Holdings Co. Class A 1.02% 18,128 $2.9M Reduce -28.1%
SFD Smithfield Foods Inc. 0.87% 112,199 $2.5M Add +57.4%
MSFT Microsoft Corp. 0.86% 5,126 $2.5M No change
GOOGL Alphabet Inc. Class A 0.84% 7,720 $2.4M No change
EFV iShares MSCI Eafe Value ETF 0.77% 31,000 $2.2M No change
IEMG iShares Core MSCI Emerging 0.61% 26,019 $1.7M No change
BND Vanguard Total Bond Market 0.55% 21,582 $1.6M No change
VWO Vanguard Ftse Emerging Marke 0.51% 27,148 $1.5M No change
ASHR Xtrackers Harvest Csi 300 CH 0.50% 44,106 $1.4M No change
AMZN Amazon.com Inc. 0.43% 5,320 $1.2M No change
TSM Taiwan Semiconductor-SP ADR 0.40% 3,823 $1.2M No change
TIP iShares Tips Bond ETF 0.32% 8,515 $936K No change
META Meta Platforms Inc. Class A 0.32% 1,382 $912K No change
AVDV Avantis Intl S/C Value ETF 0.26% 8,000 $752K No change
AVGO Broadcom Inc. 0.23% 1,920 $665K No change
V Visa Inc. Class A 0.18% 1,496 $525K No change
BTC Grayscale Bitcoin Mini ETF 0.18% 13,221 $512K No change
IGM iShares Expanded Tech Sector 0.17% 3,786 $489K No change
ORCL Oracle Corp. 0.15% 2,265 $441K No change
LLY Eli Lilly & Co. 0.15% 404 $434K No change
ITOT iShares Core S&P Total U.S. 0.15% 2,876 $428K No change
ACMR Acm Research Inc. Class A 0.14% 10,000 $395K Reduce -94.8%
CWB SS SPDR BB Conv Sec ETF 0.13% 4,068 $363K No change
APH Amphenol Corp. Class A 0.12% 2,668 $361K No change
JNJ Johnson & Johnson 0.12% 1,713 $355K No change
AU Anglogold Ashanti PLC 0.12% 3,993 $341K No change
FLDR Fidelity Low Durat Fact ETF 0.11% 6,552 $329K Reduce -18.9%
WMT Walmart Inc. 0.11% 2,754 $307K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 5,502 $303K No change
AMAT Applied Materials Inc. 0.10% 1,125 $289K No change
HD Home Depot Inc. 0.10% 825 $284K No change
GOVT iShares US Treasury Bond ETF 0.09% 11,600 $267K No change
LRCX Lam Research Corp. 0.09% 1,540 $264K No change
PG The Procter & Gamble Co. 0.09% 1,828 $262K No change
ISRG Intuitive Surgical Inc. 0.09% 462 $262K No change
MA Mastercard Inc. Class A 0.09% 454 $259K No change
INTU Intuit Inc. 0.09% 378 $250K No change
BSAC Banco Santander-Chile-ADR 0.09% 7,943 $247K No change
UNH Unitedhealth Group Inc. 0.08% 687 $227K No change
CRH CRH PLC 0.08% 1,767 $221K No change
COST Costco Wholesale Corp. 0.07% 238 $205K No change

Portfolio Sells Q3 2025 → Q4 2025
AS Amer Sports Inc. Sold out 0.00% −2.66
ACMR Acm Research Inc. Class A Reduce -94.8% 0.14% −2.52
KT KT Corp.-SP ADR Sold out 0.00% −1.62
RDDT Reddit Inc. Class A Reduce -46.6% 1.42% −1.28
VTI VG Morningstar TS MKT ETF-US Reduce -19.0% 5.08% −1.16
U Unity Software Inc. Reduce -48.9% 1.23% −0.99
LX Lexinfintech Holdings L-ADR Sold out 0.00% −0.61
TASK Taskus Inc. Class A Sold out 0.00% −0.58
GBTC Grayscale Bitcoin Trust ETF Reduce -2.9% 1.52% −0.57
BTU Peabody Energy Corp. Sold out 0.00% −0.49
PDD PDD Holdings Inc. Reduce -2.5% 1.89% −0.41
VRT Vertiv Holdings Co. Class A Reduce -28.1% 1.02% −0.32
NTES Netease Inc.-ADR Sold out 0.00% −0.26
CLS Celestica Inc. Reduce -16.4% 9.58% −0.11
BEPC Brookfield Renewable Corp. Sold out 0.00% −0.09
FLDR Fidelity Low Durat Fact ETF Reduce -18.9% 0.11% −0.03

Portfolio Buys Q3 2025 → Q4 2025
PAM Pampa Energia SA-Spon ADR New 4.36% +4.36
VSXY Victoria's Secret & Co. New 2.92% +2.92
LAR Lithium Argentina AG Add +18.1% 4.15% +2.02
SQM Quimica Y Minera Chil-SP ADR Add +1.9% 5.26% +1.98
FCNCA First Citizens Bcshs Class A Add +88.2% 2.00% +1.10
INTC Intel Corp. Add +2.4% 2.89% +0.29
SFD Smithfield Foods Inc. Add +57.4% 0.87% +0.28
EQT Eqt Corp. Add +15.3% 2.27% +0.24

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