M & L Capital Management Ltd

CIK 1927627 · View on SEC EDGAR ↗

Portfolio value
$369.8M
#4,564 of 9,443 by 13F value · top 48.3%
Positions
17
As of
June 30, 2026

Portfolio value QoQ: -9.1% 13F does not disclose cash

Top 10 holdings weight
89.62%
Top 25 holdings weight
100.00%
Positions above 1%
13
Effective number of positions
9.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 48.02% Est. buys $186,435,231 · sells $267,210,403

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 27.9% still held

New positions
8
Increased
5
Decreased
1
Closed
10
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+52.1%
S&P 500 total return (same window)
+28.1%
Excess return
+24.0%

Annualized: +32.3% · 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: 98.9% · Options excluded: 0.1%

Sector breakdown

Technology
50.9%
Communications
24.4%
Consumer Discretionary
10.5%
Industrials
8.6%
Communication Services
3.5%
Financial Services
0.5%
Other/Unmapped
1.6%

Full portfolio 17 positions

Type Streak 8Q trend
AVGO Broadcom Inc. - Common Stock $66,408,450 17.96% 175,800 $12,744,372 Up ×2
MU Micron Technology, Inc. - Common Stock $48,206,613 13.04% 41,763
LITE Lumentum Holdings Inc. - Common Stock $44,644,862 12.07% 52,030 $8,088,324
SMH SMH $38,763,099 10.48% 59,100 Up ×1
MRVL Marvell Technology, Inc. - Common Stock $35,597,855 9.63% 119,500 Up ×1
CIEN Ciena Corporation Common Stock $30,870,941 8.35% 62,930 $9,234,883 Up ×3
ALAB Astera Labs, Inc. - Common Stock $22,315,524 6.03% 46,200 Up ×1
COHR Coherent Corp. Common Stock $16,962,210 4.59% 43,000 $8,005,514 Up ×2
ANET Arista Networks, Inc. Common Stock $14,609,680 3.95% 86,000 $4,050,600
GOOG Alphabet Inc. - Class C Capital Stock $13,066,143 3.53% 36,980 $10,524,209 Up ×2
VRT Vertiv Holdings, LLC Class A Common Stock $12,421,822 3.36% 37,100 $5,681,220 Up ×2
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $11,177,145 3.02% 41,100 Up ×1
Unknown issuer (CUSIP: 84615Q103) $5,894,670 1.59% 34,500 Up ×1
AMKR Amkor Technology, Inc. - Common Stock $3,535,430 0.96% 41,000 Up ×1
BE Bloom Energy Corporation Class A Common Stock $2,451,870 0.66% 8,100 $1,354,401
HOOD Robinhood Markets, Inc. - Class A Common Stock $1,905,320 0.52% 19,000 $-7,484,830 Down ×1
AMD Advanced Micro Devices, Inc. - Common Stock $987,547 0.27% 1,700

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
CIEN $30,870,941 8.35% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
MU $48,206,613 41,763 13.04%
SMH $38,763,099 59,100 10.48%
MRVL $35,597,855 119,500 9.63%
ALAB $22,315,524 46,200 6.03%
CRDO $11,177,145 41,100 3.02%
Unknown issuer (CUSIP: 84615Q103) $5,894,670 34,500 1.59%
AMKR $3,535,430 41,000 0.96%
AMD $987,547 1,700 0.27%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AVGO Bought more +2K +$12.7M
CIEN Bought more +7K +$9.2M
LITE Price move only +0 +$8.1M
COHR Bought more +5K +$8.0M
HOOD Trimmed -116K -$7.5M
VRT Bought more +10K +$5.7M
ANET Price move only +0 +$4.1M
BE Price move only +0 +$1.4M

1 position 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.

SecurityQuarter Shares before Value before Price since exit
NVDA June 30, 2026 1,170,700 $204,222,762 8.4%
MSFT March 31, 2026 150,200 $72,639,724 30.2%
SNPS March 31, 2026 44,550 $20,926,026 0.4%
LRCX June 30, 2026 78,050 $16,676,163 -27.5%
ROBO March 31, 2026 185,810 $12,878,491 No longer tracked
CDNS Sept. 30, 2025 38,500 $11,863,775 -10.6%
DELL March 31, 2026 88,300 $11,115,204 167.6%
MU Sept. 30, 2025 88,500 $10,907,625 488.5%
FWONK June 30, 2026 103,965 $8,839,104 9.8%
ISRG June 30, 2026 17,700 $8,159,523 -6.1%
SGOV June 30, 2025 74,700 $7,520,049 -0.1%
AMD March 31, 2026 25,800 $5,525,328 131.4%
GEV June 30, 2026 5,000 $4,364,500 -17.4%
WDAY Dec. 31, 2025 17,600 $4,236,848 -9.0%
TKO June 30, 2026 20,250 $4,083,412 -4.0%
AVAV June 30, 2026 20,900 $3,825,745 -2.5%
KRMN March 31, 2026 46,729 $3,419,161 -30.9%
SITM June 30, 2026 9,800 $3,384,430 -15.6%
CRM Dec. 31, 2025 11,000 $2,607,000 -22.4%
CELH June 30, 2026 53,400 $1,895,700 10.4%
PODD March 31, 2026 5,630 $1,600,271 -30.4%
S Dec. 31, 2025 76,000 $1,338,360 36.5%
XOVR March 31, 2026 56,973 $1,147,436
AMAT June 30, 2025 6,800 $986,816 169.9%
ICLN March 31, 2026 58,500 $961,155
META Sept. 30, 2025 1,140 $841,423 -25.3%
KVYO Dec. 31, 2025 25,700 $711,633 -44.8%
ARKX March 31, 2026 10,200 $295,596 No longer tracked
DKNG Sept. 30, 2025 6,000 $257,340 -33.2%
EQIX Dec. 31, 2025 315 $246,720 43.0%
WDC March 31, 2025 3,700 $220,631 1063.7%
GRND March 31, 2026 10,400 $140,816 28.0%
MSI Dec. 31, 2025 275 $125,754 24.5%
AXON June 30, 2026 180 $76,444 8.6%
IBM March 31, 2025 220 $48,363 -6.1%