Untitled Investments LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Untitled Investments LP reported 17 stock positions worth $332.9 million. Its top holding was Transunion (TRU) at 13.5% of the portfolio, followed by MercadoLibre (MELI, 9.7%) and JSC Kaspi.kz ADR (KSPI, 9.3%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 5 and reduced 8. The biggest buy was Nvidia (NVDA, shares +101%) and the biggest sale an exit from Flutter Entertainment PLC-Di (FLUT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001808696
- Portfolio Value
- $332.9M (Q4 2025)
- SEC Filing
- 0000902664-26-001141 ↗ filed Feb 17, 2026
Holdings Value
Holdings 17 stocks · $332.9M
| TRU Transunion | 13.48% | 523,528 | $44.9M | Reduce -3.7% |
| MELI MercadoLibre Inc. | 9.71% | 16,052 | $32.3M | Add +13.2% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 9.29% | 396,040 | $30.9M | No change |
| MSFT Microsoft Corp. | 8.83% | 60,754 | $29.4M | Reduce -6.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 8.70% | 1,729,812 | $29.0M | Reduce -12.6% |
| TSM Taiwan Semiconductor-SP ADR | 8.66% | 94,881 | $28.8M | Reduce -10.3% |
| CPNG Coupang Inc. | 7.78% | 1,098,597 | $25.9M | Add +53.1% |
| CBRE CBRE Group Inc. Class A | 7.39% | 152,973 | $24.6M | Reduce -4.3% |
| META Meta Platforms Inc. Class A | 6.02% | 30,357 | $20.0M | Reduce -15.0% |
| WWD Woodward Inc. | 5.80% | 63,905 | $19.3M | No change |
| SE Sea Ltd.-ADR | 4.96% | 129,522 | $16.5M | Add +21.7% |
| NVDA Nvidia Corp. | 3.18% | 56,805 | $10.6M | Add +100.5% |
| GOOGL Alphabet Inc. Class A | 2.12% | 22,584 | $7.1M | Reduce -13.3% |
| WDAY Workday Inc. Class A | 1.38% | 21,385 | $4.6M | Reduce -75.0% |
| AVGO Broadcom Inc. | 1.20% | 11,542 | $4.0M | Add +36.6% |
| JCI Johnson Controls Internation | 0.81% | 22,605 | $2.7M | No change |
| SPOT Spotify Technology SA | 0.67% | 3,833 | $2.2M | New |
Portfolio Sells Q3 2025 → Q4 2025
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −4.58 |
| WDAY Workday Inc. Class A | Reduce -75.0% | 1.38% | −4.17 |
| META Meta Platforms Inc. Class A | Reduce -15.0% | 6.02% | −1.06 |
| MSFT Microsoft Corp. | Reduce -6.3% | 8.83% | −0.24 |
| FIG Figma Inc. Class A | Sold out | 0.00% | −0.14 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -12.6% | 8.70% | +0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -13.3% | 2.12% | +0.41 |
| CBRE CBRE Group Inc. Class A | Reduce -4.3% | 7.39% | +0.59 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -10.3% | 8.66% | +0.69 |
| TRU Transunion | Reduce -3.7% | 13.48% | +1.19 |
Portfolio Buys Q3 2025 → Q4 2025
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 |