Gladstone Capital Management LLP
CIK 1353394 · View on SEC EDGAR ↗
- Portfolio value
- $1.0B
- Positions
- 40
- As of
- June 30, 2026
#2,441 of 9,443 by 13F value · top 25.8%
Portfolio value QoQ: +1.5% 13F does not disclose cash
- Top 10 holdings weight
- 88.65%
- Top 25 holdings weight
- 99.81%
- Positions above 1%
- 13
- Effective number of positions
- 10.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 24.18% Est. buys $242,616,896 · sells $446,270,356
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 63.5% still held
- New positions
- 12
- Increased
- 4
- Decreased
- 15
- Closed
- 4
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +23.4% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.8% · Options excluded: 0.0%
Sector breakdown
Industrials
31.2%
Technology
21.2%
Communication Services
17.8%
Financial Services
10.3%
Financials
10.3%
Consumer Staples
9.0%
Materials
0.2%
Consumer Discretionary
0.1%
Communications
0.0%
Retail
0.0%
Full portfolio 40 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Inc. - Class A Common Stock | $179,797,493 | 17.79% | 503,113 | $134,894 | Down ×1 | ||
| PWR Quanta Services, Inc. Common Stock | $129,782,890 | 12.84% | 180,244 | $4,454,251 | Down ×1 | ||
| V Visa Inc. | $95,177,283 | 9.42% | 277,412 | $26,263,541 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $94,116,515 | 9.31% | 496,055 | $-22,098,598 | Down ×2 | ||
| PM Philip Morris International Inc Common Stock | $90,648,574 | 8.97% | 501,070 | $23,805,911 | Up ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $81,099,505 | 8.02% | 169,817 | $8,216,194 | Down ×1 | ||
| AFL AFLAC Incorporated Common Stock | $70,918,897 | 7.02% | 604,852 | Up ×1 | |||
| FTNT Fortinet, Inc. - Common Stock | $61,072,399 | 6.04% | 397,555 | Up ×1 | |||
| GLW Corning Incorporated Common Stock | $48,148,810 | 4.76% | 188,501 | $-383,370 | Down ×1 | ||
| SNDK Sandisk Corporation - Common Stock | $45,247,227 | 4.48% | 19,900 | Up ×1 | |||
| APG APi Group Corporation Common Stock | $39,074,609 | 3.87% | 922,659 | $-35,731,267 | Down ×2 | ||
| ACGL Arch Capital Group Ltd. - Common Stock | $29,764,905 | 2.94% | 306,665 | $-16,523,585 | Down ×2 | ||
| SNOW Snowflake Inc. Common Stock | $16,529,266 | 1.64% | 64,948 | $16,301,829 | Up ×1 | ||
| XYZ Block, Inc. Class A Common Stock, | $8,574,928 | 0.85% | 112,828 | $-3,010,143 | Down ×6 | ||
| ALAB Astera Labs, Inc. - Common Stock | $3,477,744 | 0.34% | 7,200 | Up ×1 | |||
| PGR Progressive Corporation (The) Common Stock | $3,198,108 | 0.32% | 14,640 | Up ×1 | |||
| AMAT Applied Materials, Inc. - Common Stock | $3,152,280 | 0.31% | 4,360 | Up ×1 | |||
| DY Dycom Industries, Inc. Common Stock | $3,053,764 | 0.30% | 6,040 | Up ×1 | |||
| LIN Linde plc - Ordinary Shares | $1,676,176 | 0.17% | 3,230 | $-2,587,360 | Down ×1 | ||
| GE GE Aerospace Common Stock | $975,809 | 0.10% | 2,611 | $-3,650,493 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $895,268 | 0.09% | 2,370 | $-19,478,228 | Down ×3 | ||
| ARM Arm Holdings plc - American Depositary Shares | $744,597 | 0.07% | 2,100 | $593,317 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $675,166 | 0.07% | 1,810 | $-94,764,284 | Down ×1 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $591,328 | 0.06% | 3,200 | Up ×1 | |||
| ABNB Airbnb, Inc. - Class A Common Stock | $509,007 | 0.05% | 3,557 | $59,829 | |||
| INTC Intel Corporation - Common Stock | $285,823 | 0.03% | 2,047 | Up ×1 | |||
| FIG Figma, Inc. Class A Common Stock | $259,447 | 0.03% | 14,342 | $-101,645 | Down ×1 | ||
| FIX Comfort Systems USA, Inc. Common Stock | $257,654 | 0.03% | 130 | Up ×1 | |||
| DELL Dell Technologies Inc. Class C Common Stock | $195,020 | 0.02% | 452 | Up ×1 | |||
| DASH DoorDash, Inc. - Common Stock | $184,530 | 0.02% | 1,000 | $34,380 | |||
| ETN Eaton Corporation, PLC Ordinary Shares | $170,448 | 0.02% | 400 | ||||
| NVDA NVIDIA Corporation - Common Stock | $145,866 | 0.01% | 729 | $18,728 | |||
| ICE Intercontinental Exchange Inc. Common Stock | $123,110 | 0.01% | 1,000 | $-1,182,314 | Down ×1 | ||
| LITE Lumentum Holdings Inc. - Common Stock | $85,806 | 0.01% | 100 | $15,530 | |||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $57,840 | 0.01% | 1,000 | $200 | |||
| TSLA Tesla, Inc. - Common Stock | $42,060 | 0.00% | 100 | $4,885 | |||
| AMZN Amazon.com, Inc. - Common Stock | $23,834 | 0.00% | 100 | $3,007 | |||
| WING Wingstop Inc. - Common Stock | $17,341 | 0.00% | 100 | $1,844 | |||
| KEY KeyCorp Common Stock | $16,089 | 0.00% | 698 | $2,094 | |||
| DOCN DigitalOcean Holdings, Inc. Common Stock | $15,703 | 0.00% | 100 | $-42,591,395 | Down ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| AFL | $70,918,897 | 604,852 | 7.02% |
| FTNT | $61,072,399 | 397,555 | 6.04% |
| SNDK | $45,247,227 | 19,900 | 4.48% |
| ALAB | $3,477,744 | 7,200 | 0.34% |
| PGR | $3,198,108 | 14,640 | 0.32% |
| AMAT | $3,152,280 | 4,360 | 0.31% |
| DY | $3,053,764 | 6,040 | 0.30% |
| QCOM | $591,328 | 3,200 | 0.06% |
| INTC | $285,823 | 2,047 | 0.03% |
| FIX | $257,654 | 130 | 0.03% |
| DELL | $195,020 | 452 | 0.02% |
| ETN | $170,448 | 400 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| APG | Trimmed | -923K | -$35.7M |
| V | Bought more | +49K | +$26.3M |
| PM | Bought more | +97K | +$23.8M |
| RTX | Trimmed | -106K | -$22.1M |
| ACGL | Trimmed | -176K | -$16.5M |
| TSM | Trimmed | -46K | +$8.2M |
| PWR | Trimmed | -48K | +$4.5M |
| GE | Trimmed | -14K | -$3.7M |
| XYZ | Trimmed | -80K | -$3.0M |
| LIN | Trimmed | -5K | -$2.6M |
4 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| BABA | June 30, 2025 | 572,542 | $75,707,229 | 7.7% |
| ETN | March 31, 2025 | 220,536 | $73,189,282 | 54.8% |
| ANETXXXX | March 31, 2025 | 621,456 | $68,689,532 | No longer tracked |
| TW | March 31, 2025 | 404,586 | $52,968,399 | -28.3% |
| META | March 31, 2026 | 58,974 | $43,309,326 | -4.1% |
| HLT | June 30, 2025 | 84,219 | $19,164,033 | 24.1% |
| LLY | March 31, 2025 | 23,500 | $18,142,000 | 51.3% |
| LHX | June 30, 2026 | 39,755 | $13,721,438 | -7.0% |
| FCNCA | March 31, 2025 | 4,380 | $9,255,028 | 17.6% |
| GEV | March 31, 2025 | 14,011 | $4,608,638 | 217.8% |
| COIN | Sept. 30, 2025 | 7,275 | $2,549,815 | -44.5% |
| CIEN | March 31, 2025 | 27,100 | $2,298,351 | 561.2% |
| CEG | March 31, 2025 | 7,200 | $1,610,712 | 35.2% |
| GOOGL | March 31, 2025 | 6,438 | $1,218,713 | 121.2% |
| LULU | March 31, 2025 | 3,100 | $1,185,471 | -58.4% |
| LULU | June 30, 2026 | 3,300 | $685,773 | 3.1% |
| APP | Sept. 30, 2025 | 1,000 | $350,080 | -58.2% |
| AAPL | June 30, 2025 | 1,000 | $222,130 | 50.2% |
| WMT | Sept. 30, 2025 | 2,014 | $196,929 | 0.1% |
| CBRE | June 30, 2026 | 1,000 | $182,430 | 13.0% |
| TEAM | March 31, 2026 | 1,000 | $162,140 | 149.5% |
| NOW | Dec. 31, 2025 | 150 | $138,042 | -15.4% |
| ABNB | Sept. 30, 2025 | 1,000 | $132,340 | 52.3% |
| BABA | March 31, 2026 | 900 | $131,922 | -2.6% |
| COO | March 31, 2025 | 1,000 | $91,930 | -10.2% |
| NKE | Sept. 30, 2025 | 1,000 | $71,040 | -41.8% |
| DE | Dec. 31, 2025 | 100 | $45,726 | 34.0% |
| DFS | June 30, 2025 | 49 | $8,364 | No longer tracked |
| NKE | June 30, 2026 | 4 | $211 | -1.2% |