Working Capital Advisors (UK) Ltd.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Working Capital Advisors (UK) Ltd. reported 3 stock positions worth $83.6 million. Its top holding was Stitch Fix Class A (SFIX) at 57.4% of the portfolio, followed by Tencent Music Entertainm-ADR (TME, 31.6%) and Full Truck Alliance -SPN ADR (YMM, 10.9%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Full Truck Alliance -SPN ADR (YMM) and the biggest sale an exit from Funko Class A (FNKO).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001807878
Portfolio Value
$83.6M (Q3 2025)
SEC Filing
0001807878-25-000010 ↗ filed Nov 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $122.8M Q1 2024 Q2 2024: $170.1M Q2 2024 Q3 2024: $152.4M Q3 2024 Q4 2024: $174.9M Q4 2024 Q1 2025: $100.6M Q1 2025 Q2 2025: $74.9M Q2 2025 Q3 2025: $83.6M $83.6M Q3 2025 Q4 2025: $75.0M Q4 2025 Q1 2026: $59.1M Q1 2026 Q2 2026: $57.9M Q2 2026

Holdings 3 stocks · $83.6M
SFIX Stitch Fix Inc. Class A 57.44% 11,046,077 $48.1M Add +15.9%
TME Tencent Music Entertainm-ADR 31.62% 1,133,066 $26.4M Reduce -20.3%
YMM Full Truck Alliance -SPN ADR 10.94% 705,497 $9.2M New

Portfolio Sells Q2 2025 → Q3 2025
FNKO Funko Inc. Class A Sold out 0.00% −15.94
TME Tencent Music Entertainm-ADR Reduce -20.3% 31.62% −5.37

Portfolio Buys Q2 2025 → Q3 2025
YMM Full Truck Alliance -SPN ADR New 10.94% +10.94
SFIX Stitch Fix Inc. Class A Add +15.9% 57.44% +10.38

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$57.9MSFIX, YMM
Q1 2026 2$59.1MSFIX, YMM
Q4 2025 2$75.0MSFIX, YMM
Q3 2025 3$83.6MSFIX, TME, YMM
Q2 2025 3$74.9MSFIX, TME, FNKO
Q1 2025 3$100.6MSFIX, FNKO, LPRO
Q4 2024 3$174.9MFNKO, LPRO, SFIX
Q3 2024 3$152.4MFNKO, LPRO, SFIX
Q2 2024 3$170.1MFNKO, LPRO, SFIX
Q1 2024 3$122.8MLPRO, FNKO, SFIX