Quaero Capital S.A.

CIK 1843510 · View on SEC EDGAR ↗

Portfolio value
$79.8M
#8,494 of 9,443 by 13F value · top 90.0%
Positions
65
As of
June 30, 2025 Data as of Q2 2025

Portfolio value QoQ: +13.7% 13F does not disclose cash

Top 10 holdings weight
30.87%
Top 25 holdings weight
64.05%
Positions above 1%
42
Effective number of positions
46.8

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

Turnover Q2 2025: 18.78% Est. buys $19,079,217 · sells $14,086,037

New positions
20
Increased
9
Decreased
17
Closed
6
On this page

Sector breakdown

Industrials
17.3%
Utilities
10.2%
Technology
4.2%
Materials
2.7%
Energy
2.7%
Financial Services
2.1%
Real Estate
0.6%
Other/Unmapped
60.1%

Full portfolio 65 positions

Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $3,369,265 4.22% 14,876 $574,489 Down ×2
GEV GE Vernova Inc. Common Stock $2,998,164 3.76% 5,666 $1,405,824 Up ×1
Unknown issuer (CUSIP: 465741AN6) $2,695,920 3.38% 2,400,000 $640,320 Up ×2
ETN Eaton Corporation, PLC Ordinary Shares $2,639,584 3.31% 7,394 $302,118 Down ×2
BEPC Brookfield Renewable Corporation Brookfield Renewable Corporation Class A Subordinate Voting Shares $2,376,583 2.98% 72,501 $352,355
LIN Linde plc - Ordinary Shares $2,194,355 2.75% 4,677 $16,557
NEE NextEra Energy, Inc. Common Stock $2,186,591 2.74% 31,498 $-987,863 Down ×2
VRT Vertiv Holdings, LLC Class A Common Stock $2,154,848 2.70% 16,781 $1,053,726 Up ×1
Unknown issuer (CUSIP: 03040WBE4) $2,008,860 2.52% 2,000,000 $471,450 Up ×1
Unknown issuer (CUSIP: 531229AQ5) $2,007,300 2.52% 1,500,000 $786,300 Up ×1
Unknown issuer (CUSIP: 842587DP9) $1,990,548 2.49% 1,800,000 $-26,730
Unknown issuer (CUSIP: 90353TAM2) $1,988,938 2.49% 1,400,000 $288,120
Unknown issuer (CUSIP: 89677QAB3) $1,986,462 2.49% 1,800,000 Up ×1
Unknown issuer (CUSIP: 08265TAB5) $1,977,400 2.48% 2,000,000 $427,000 Up ×1
Unknown issuer (CUSIP: 01609WBG6) $1,900,770 2.38% 1,500,000 Up ×1
Unknown issuer (CUSIP: 902252AB1) $1,843,950 2.31% 1,500,000 $17,550
Unknown issuer (CUSIP: 05464CAB7) $1,808,350 2.27% 500,000 $640,000
Unknown issuer (CUSIP: 958102AT2) $1,794,860 2.25% 1,000,000 $519,670
Unknown issuer (CUSIP: 26210CAC8) $1,695,070 2.12% 1,700,000 $21,182
HASI HA Sustainable Infrastructure Capital, Inc. Common Stock $1,689,709 2.12% 62,908 $-272,529 Down ×1
Unknown issuer (CUSIP: 00971TAL5) $1,649,340 2.07% 1,700,000 $-13,940
Unknown issuer (CUSIP: 92939UAP1) $1,576,960 1.98% 1,400,000 Up ×1
Unknown issuer (CUSIP: 88162GAB9) $1,575,000 1.97% 1,400,000 $337,800 Up ×1
Unknown issuer (CUSIP: 82509LAA5) $1,524,480 1.91% 1,500,000 $17,115
Unknown issuer (CUSIP: 345370CZ1) $1,478,955 1.85% 1,500,000 $11,670
Unknown issuer (CUSIP: 70202LAD4) $1,404,200 1.76% 1,400,000 $0
HUBB Hubbell Inc Common Stock $1,362,047 1.71% 3,335 $-22,811 Down ×2
Unknown issuer (CUSIP: 343412AJ1) $1,318,000 1.65% 1,000,000 $254,280
Unknown issuer (CUSIP: 19260QAF4) $1,306,120 1.64% 1,000,000 Up ×1
Unknown issuer (CUSIP: 387328AF4) $1,247,500 1.56% 1,000,000 Up ×1
NXT Nextpower Inc. - Class A Common Stock $1,226,913 1.54% 22,566 $-259,028 Down ×2
Unknown issuer (CUSIP: 011642AD7) $1,167,840 1.46% 1,200,000 Up ×1
Unknown issuer (CUSIP: 743312AD2) $1,160,000 1.45% 1,000,000 $531,620 Up ×1
Unknown issuer (CUSIP: 596278AB7) $1,132,100 1.42% 1,000,000 $-74,300
Unknown issuer (CUSIP: 753422AH7) $1,064,640 1.33% 1,200,000 $33,396
Unknown issuer (CUSIP: 405024AD2) $994,470 1.25% 1,000,000 Up ×1
Unknown issuer (CUSIP: 55306NAB0) $986,600 1.24% 1,000,000 Up ×1
Unknown issuer (CUSIP: 59001ABF8) $972,990 1.22% 1,000,000 Up ×1
Unknown issuer (CUSIP: 009066AB7) $963,890 1.21% 1,000,000 $9,280
Unknown issuer (CUSIP: 37940XAU6) $954,900 1.20% 1,000,000 $0
Unknown issuer (CUSIP: 737446AT1) $912,768 1.14% 800,000 $-42,264
Unknown issuer (CUSIP: 40637HAF6) $910,640 1.14% 800,000 $-114,160
ETR Entergy Corporation Common Stock $656,565 0.82% 7,899 $-663,743 Down ×2
WCN Waste Connections, Inc. Common Shares $587,421 0.74% 3,146 $-1,004,158 Down ×2
LNG Cheniere Energy, Inc. Common Stock $582,500 0.73% 2,392 $-637,904 Down ×1
PWR Quanta Services, Inc. Common Stock $558,802 0.70% 1,478 $25,532 Down ×2
TRP TC Energy Corporation Common Stock $555,190 0.70% 11,365 $-812,928 Down ×1
KMI Kinder Morgan, Inc. Common Stock $524,672 0.66% 17,846 $-507,629 Down ×1
CMS CMS Energy Corporation Common Stock $496,114 0.62% 7,161 Up ×1
ITRI Itron, Inc. - Common Stock $490,980 0.62% 3,730 $250,032 Up ×1
SRE DBA Sempra Common Stock $467,425 0.59% 6,169 $-553,451 Down ×1
PEG Public Service Enterprise Group Incorporated Common Stock $460,886 0.58% 5,475 Up ×1
TRGP Targa Resources, Inc. Common Stock $455,393 0.57% 2,616 $-657,817 Down ×1
FER Ferrovial SE - Ordinary Shares $434,208 0.54% 8,143 $-345,956 Down ×2
VST Vistra Corp. Common Stock $423,669 0.53% 2,186 $130,069 Down ×1
XEL Xcel Energy Inc. - Common Stock $400,156 0.50% 5,876 Up ×1
DTE DTE Energy Company Common Stock $392,082 0.49% 2,960 Up ×1
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. Common Stock $331,625 0.42% 1,040 Up ×1
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. - American Depositary Shares each representing 8 Series B shares $329,477 0.41% 3,123 Up ×1
NI NiSource Inc Common Stock $293,151 0.37% 7,267 Up ×1
CLH Clean Harbors, Inc. Common Stock $257,303 0.32% 1,113 $-531,097 Down ×1
SBAC SBA Communications Corporation - Class A Common Stock $230,143 0.29% 980 Up ×1
AMT American Tower Corporation (REIT) Common Stock $228,535 0.29% 1,034 Up ×1
NSC Norfolk Southern Corporation Common Stock $227,301 0.28% 888 Up ×1
CP Canadian Pacific Kansas City Limited Common Shares $222,104 0.28% 2,801 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 89677QAB3) $1,986,462 1,800,000 2.49%
Unknown issuer (CUSIP: 01609WBG6) $1,900,770 1,500,000 2.38%
Unknown issuer (CUSIP: 92939UAP1) $1,576,960 1,400,000 1.98%
Unknown issuer (CUSIP: 19260QAF4) $1,306,120 1,000,000 1.64%
Unknown issuer (CUSIP: 387328AF4) $1,247,500 1,000,000 1.56%
Unknown issuer (CUSIP: 011642AD7) $1,167,840 1,200,000 1.46%
Unknown issuer (CUSIP: 405024AD2) $994,470 1,000,000 1.25%
Unknown issuer (CUSIP: 55306NAB0) $986,600 1,000,000 1.24%
Unknown issuer (CUSIP: 59001ABF8) $972,990 1,000,000 1.22%
CMS $496,114 7,161 0.62%
PEG $460,886 5,475 0.58%
XEL $400,156 5,876 0.50%
DTE $392,082 2,960 0.49%
ASR $331,625 1,040 0.42%
OMAB $329,477 3,123 0.41%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GEV Bought more +450 +$1.4M
VRT Bought more +2K +$1.1M
WCN Trimmed -5K -$1.0M
NEE Trimmed -13K -$988K
TRP Trimmed -18K -$813K
Bought more +500K +$786K
ETR Trimmed -8K -$664K
TRGP Trimmed -3K -$658K
Bought more +400K +$640K
Price move only +0 +$640K

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
FSLR March 31, 2025 8,521 $1,501,741 70.0%
PCG March 31, 2025 68,730 $1,386,971 4.1%
KNTK June 30, 2025 23,835 $1,237,990 25.7%
EQIX June 30, 2025 1,430 $1,165,951 37.8%
ENPH March 31, 2025 16,643 $1,143,041 -37.0%
TSLA March 31, 2025 2,669 $1,077,849 34.6%
GFL June 30, 2025 20,000 $966,200 -18.3%
RSG June 30, 2025 3,302 $799,612 -10.9%
AYI June 30, 2025 1,889 $497,468 15.0%
RUN March 31, 2025 53,673 $496,475 60.8%
HE March 31, 2025 35,010 $340,647 6.7%
WPM June 30, 2025 2,830 $219,693 73.0%