Untitled Investments LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Untitled Investments LP reported 18 stock positions worth $370.5 million. Its top holding was Transunion (TRU) at 12.3% of the portfolio, followed by Microsoft (MSFT, 9.1%) and MercadoLibre (MELI, 8.9%). Compared with Q2 2025, it opened 6 new positions, sold out of 2, added to 3 and reduced 8. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale CBRE Class A (CBRE, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001808696
- Portfolio Value
- $370.5M (Q3 2025)
- SEC Filing
- 0000902664-25-005063 ↗ filed Nov 14, 2025
Holdings Value
Holdings 18 stocks · $370.5M
| TRU Transunion | 12.29% | 543,458 | $45.5M | No change |
| MSFT Microsoft Corp. | 9.07% | 64,849 | $33.6M | Reduce -28.6% |
| MELI MercadoLibre Inc. | 8.94% | 14,177 | $33.1M | Reduce -3.6% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 8.73% | 396,040 | $32.3M | Add +0.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 8.56% | 1,979,677 | $31.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 7.97% | 105,721 | $29.5M | Reduce -4.1% |
| META Meta Platforms Inc. Class A | 7.08% | 35,706 | $26.2M | Add +110.1% |
| CBRE CBRE Group Inc. Class A | 6.80% | 159,883 | $25.2M | Reduce -42.1% |
| CPNG Coupang Inc. | 6.24% | 717,327 | $23.1M | Reduce -40.2% |
| WDAY Workday Inc. Class A | 5.55% | 85,420 | $20.6M | Reduce -36.5% |
| SE Sea Ltd.-ADR | 5.14% | 106,437 | $19.0M | Reduce -6.3% |
| FLUT Flutter Entertainment PLC-Di | 4.58% | 66,860 | $17.0M | Add +252.6% |
| WWD Woodward Inc. | 4.36% | 63,905 | $16.1M | New |
| GOOGL Alphabet Inc. Class A | 1.71% | 26,044 | $6.3M | Reduce -74.7% |
| NVDA Nvidia Corp. | 1.43% | 28,325 | $5.3M | New |
| AVGO Broadcom Inc. | 0.75% | 8,450 | $2.8M | New |
| JCI Johnson Controls Internation | 0.67% | 22,605 | $2.5M | New |
| FIG Figma Inc. Class A | 0.14% | 10,000 | $519K | New |
Portfolio Sells Q2 2025 → Q3 2025
| CBRE CBRE Group Inc. Class A | Reduce -42.1% | 6.80% | −3.78 |
| CPNG Coupang Inc. | Reduce -40.2% | 6.24% | −3.59 |
| MSFT Microsoft Corp. | Reduce -28.6% | 9.07% | −3.29 |
| WDAY Workday Inc. Class A | Reduce -36.5% | 5.55% | −3.27 |
| GOOGL Alphabet Inc. Class A | Reduce -74.7% | 1.71% | −3.25 |
| PTC PTC Inc. | Sold out | 0.00% | −2.58 |
| MELI MercadoLibre Inc. | Reduce -3.6% | 8.94% | −1.56 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −1.45 |
| SE Sea Ltd.-ADR | Reduce -6.3% | 5.14% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.1% | 7.97% | +1.15 |
Portfolio Buys Q2 2025 → Q3 2025
| NU Nu Holdings Ltd./Cayman Isl-A | New | 8.56% | +8.56 |
| WWD Woodward Inc. | New | 4.36% | +4.36 |
| META Meta Platforms Inc. Class A | Add +110.1% | 7.08% | +3.65 |
| FLUT Flutter Entertainment PLC-Di | Add +252.6% | 4.58% | +3.10 |
| NVDA Nvidia Corp. | New | 1.43% | +1.43 |
| AVGO Broadcom Inc. | New | 0.75% | +0.75 |
| JCI Johnson Controls Internation | New | 0.67% | +0.67 |
| FIG Figma Inc. Class A | New | 0.14% | +0.14 |
| KSPI JSC Kaspi.kz ADR | Add +0.3% | 8.73% | −0.43 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $257.0M | TSM, NU, JCI, CPNG, KSPI |
| Q1 2026 | 16 | $268.6M | TSM, KSPI, NU, MSFT, CPNG |
| Q4 2025 | 17 | $332.9M | TRU, MELI, KSPI, MSFT, NU |
| Q3 2025 | 18 | $370.5M | TRU, MSFT, MELI, KSPI, NU |
| Q2 2025 | 14 | $365.9M | TRU, MSFT, CBRE, MELI, CPNG |
| Q1 2025 | 15 | $353.2M | TRU, KSPI, MSFT, MELI, CPNG |
| Q4 2024 | 17 | $410.2M | TRU, KSPI, CPNG, MSFT, MELI |
| Q3 2024 | 17 | $451.4M | KSPI, TRU, CPNG, MSFT, NCNO |
| Q2 2024 | 18 | $447.9M | KSPI, TRU, MSFT, CPNG, IT |
| Q1 2024Amended | 18 | $437.8M | KSPI, MSFT, IT, TRU, NCNO |