Managers / Q1 2025 · view latest →
Seascape Capital Management
CIK 0001418342 · 99 BOW STREET, STE. 300 EAST, PORTSMOUTH, NH, 03801 · 603 964-4480
Reported Value
$287M
Q1 2025
Positions
100
Filings on Record
27
2020–present window
Filed
Apr 29, 2025
original filing
Summary
Seascape Capital Management reported $287M in U.S.-listed holdings across 100 positions for Q1 2025.
Its largest position, DBND, represents 11.8% of the portfolio.
Compared with Q4 2024, the fund opened 5 new positions and exited 4.
Portfolio Metrics
Turnover
+14.6%
vs prior filed quarter
Top-10 Concentration
+47.0%
share of reported value
Largest Position
+11.8%
Doubleline Etf
New / Exited
5 / 4
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 54.1% · $155M
- ETP · 40.6% · $116M
- ADR · 3.9% · $11M
- Other · 1.2% · $4M
- NY Reg Shrs · 0.1% · $295,000
- Ltd Part · 0.0% · $114,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FTCBFIRST TR EXCHANGE-TRADED FD | NEW | +1.08M | 1.08M | +$23M | $23M |
| RTXRTX CORPORATION | NEW | +25.5K | 25.5K | +$3M | $3M |
| DMXDOUBLELINE ETF TRUST | NEW | +25.0K | 25.0K | +$1M | $1M |
| AIQGLOBAL X FDS | NEW | +6.8K | 6.8K | +$246,000 | $246,000 |
| MCDMCDONALDS CORP | NEW | +733 | 733 | +$229,000 | $229,000 |
| ALLALLSTATE CORP | SOLD OUT | −1.3K | 0 | −$255,000 | $0 |
| VSTVISTRA CORP | SOLD OUT | −1.6K | 0 | −$227,000 | $0 |
| URIUNITED RENTALS INC | SOLD OUT | −319 | 0 | −$225,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
77 positions (from 100 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DBNDDOUBLELINE ETF TRUST | OPPORTUNISTIC CO · COMMERCIAL REAL · MULTI SECTOR INC | 11.83% | $34M | 714.3K |
| 2 | GOVTISHARES TR | US TREAS BD ETF · IBONDS DEC 2031 · NATIONAL MUN ETF · CORE S&P500 ETF · CORE S&P US VLU · CORE US AGGBD ET · USD INV GRDE ETF · CORE S&P US GWT · S&P 500 GRWT ETF · INTL EQTY FACTOR · MSCI ACWI EX US · ISHS 1-5YR INVS · CORE MSCI EAFE · CORE S&P SCP ETF · CORE MSCI TOTAL · GLOBAL TECH ETF | 8.76% | $25M | 846.3K |
| 3 | FTCBFIRST TR EXCHANGE-TRADED FDhistory → | CORE INVESTMENT | 7.92% | $23M | 1.08M |
| 4 | EMXCISHARES INChistory → | MSCI EMRG CHN | 5.40% | $15M | 280.9K |
| 5 | JPIEJ P MORGAN EXCHANGE TRADED F | INCOME ETF · MUNICIPAL ETF | 2.83% | $8M | 175.2K |
| 6 | AAPLAPPLE INChistory → | COM | 2.34% | $7M | 30.2K |
| 7 | NRGNRG ENERGY INChistory → | COM NEW | 2.00% | $6M | 60.1K |
| 8 | ABBVABBVIE INChistory → | COM | 1.98% | $6M | 27.1K |
| 9 | VVISA INChistory → | COM CL A | 1.97% | $6M | 16.1K |
| 10 | JPMJPMORGAN CHASE & CO.history → | COM | 1.93% | $6M | 22.6K |
| 11 | WSMWILLIAMS SONOMA INChistory → | COM | 1.87% | $5M | 33.9K |
| 12 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.81% | $5M | 33.4K |
| 13 | PHMPULTE GROUP INChistory → | COM | 1.76% | $5M | 49.1K |
| 14 | MLPXGLOBAL X FDS | GLB X MLP ENRG I · ARTIFICIAL ETF | 1.75% | $5M | 81.5K |
| 15 | NVDANVIDIA CORPORATIONhistory → | COM | 1.71% | $5M | 45.1K |
| 16 | DISCOVER FINL SVCS | COM | 1.68% | $5M | 28.3K |
| 17 | ORLYOREILLY AUTOMOTIVE INChistory → | COM | 1.66% | $5M | 3.3K |
| 18 | HCAHCA HEALTHCARE INChistory → | COM | 1.64% | $5M | 13.6K |
| 19 | BKNGBOOKING HOLDINGS INChistory → | COM | 1.61% | $5M | 1.0K |
| 20 | CATCATERPILLAR INChistory → | COM | 1.61% | $5M | 14.0K |
| 21 | AONAON PLChistory → | SHS CL A | 1.52% | $4M | 10.9K |
| 22 | RELXRELX PLChistory → | SPONSORED ADR | 1.51% | $4M | 85.8K |
| 23 | APPAPPLOVIN CORPhistory → | COM CL A | 1.42% | $4M | 15.4K |
| 24 | CHDCHURCH & DWIGHT CO INChistory → | COM | 1.41% | $4M | 36.8K |
| 25 | SHWSHERWIN WILLIAMS COhistory → | COM | 1.40% | $4M | 11.5K |
| 26 | FTNTFORTINET INChistory → | COM | 1.32% | $4M | 39.2K |
| 27 | NWGNATWEST GROUP PLChistory → | SPONS ADR | 1.29% | $4M | 310.3K |
| 28 | QCOMQUALCOMM INChistory → | COM | 1.29% | $4M | 24.0K |
| 29 | FLEX LTD | ORD | 1.24% | $4M | 107.6K |
| 30 | RTXRTX CORPORATIONhistory → | COM | 1.18% | $3M | 25.5K |
| 31 | AZNNASTRAZENECA PLChistory → | SPONSORED ADR | 1.10% | $3M | 42.9K |
| 32 | CDWCDW CORPhistory → | COM | 1.08% | $3M | 19.3K |
| 33 | METAMETA PLATFORMS INChistory → | CL A | 1.07% | $3M | 5.3K |
| 34 | AEPAMERICAN ELEC PWR CO INChistory → | COM | 1.04% | $3M | 27.2K |
| 35 | NXPINXP SEMICONDUCTORS N V | COM | 0.99% | $3M | 14.9K |
| 36 | AMGAFFILIATED MANAGERS GROUP IN | COM | 0.98% | $3M | 16.7K |
| 37 | AMEAMETEK INC | COM | 0.95% | $3M | 15.8K |
| 38 | CNCCENTENE CORP DEL | COM | 0.91% | $3M | 43.0K |
| 39 | EWEDWARDS LIFESCIENCES CORP | COM | 0.89% | $3M | 35.0K |
| 40 | EHCENCOMPASS HEALTH CORP | COM | 0.85% | $2M | 24.2K |
| 41 | TOPBUILD CORP | COM | 0.85% | $2M | 8.0K |
| 42 | ADBEADOBE INC | COM | 0.78% | $2M | 5.9K |
| 43 | QSRRESTAURANT BRANDS INTL INC | COM | 0.77% | $2M | 32.9K |
| 44 | AVGOBROADCOM INC | COM | 0.76% | $2M | 13.0K |
| 45 | ANETARISTA NETWORKS INC | COM SHS | 0.70% | $2M | 25.7K |
| 46 | VRTVERTIV HOLDINGS CO | COM CL A | 0.69% | $2M | 27.6K |
| 47 | SCHBSCHWAB STRATEGIC TR | US BRD MKT ETF · US LCAP GR ETF · SHT TM US TRES | 0.66% | $2M | 85.3K |
| 48 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.53% | $2M | 2.8K |
| 49 | MSFTMICROSOFT CORP | COM | 0.47% | $1M | 3.6K |
| 50 | FIXDFIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 0.46% | $1M | 30.1K |
| 51 | LLYELI LILLY & CO | COM | 0.44% | $1M | 1.5K |
| 52 | MAMASTERCARD INCORPORATED | CL A | 0.39% | $1M | 2.1K |
| 53 | AMZNAMAZON COM INC | COM | 0.39% | $1M | 5.9K |
| 54 | MCKMCKESSON CORP | COM | 0.38% | $1M | 1.6K |
| 55 | FMBFIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 0.37% | $1M | 21.0K |
| 56 | KRKROGER CO | COM | 0.30% | $860,000 | 12.7K |
| 57 | MRKMERCK & CO INC | COM | 0.29% | $830,000 | 9.2K |
| 58 | AMATAPPLIED MATLS INC | COM | 0.28% | $789,000 | 5.4K |
| 59 | PGPROCTER AND GAMBLE CO | COM | 0.25% | $730,000 | 4.3K |
| 60 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · TOTAL STK MKT | 0.23% | $668,000 | 5.0K |
| 61 | STESTERIS PLC | SHS USD | 0.22% | $636,000 | 2.8K |
| 62 | NSCNORFOLK SOUTHN CORP | COM | 0.22% | $631,000 | 2.7K |
| 63 | ZTSZOETIS INC | CL A | 0.21% | $610,000 | 3.7K |
| 64 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.21% | $605,000 | 1.1K |
| 65 | GLWCORNING INC | COM | 0.20% | $585,000 | 12.8K |
| 66 | NFLXNETFLIX INC | COM | 0.18% | $528,000 | 566 |
| 67 | CTSHCOGNIZANT TECHNOLOGY SOLUTIO | CL A | 0.17% | $478,000 | 6.3K |
| 68 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.15% | $436,000 | 818 |
| 69 | HDHOME DEPOT INC | COM | 0.15% | $423,000 | 1.2K |
| 70 | WMTWALMART INC | COM | 0.15% | $416,000 | 4.7K |
| 71 | COSTCOSTCO WHSL CORP NEW | COM | 0.14% | $401,000 | 424 |
| 72 | ABTABBOTT LABS | COM | 0.12% | $337,000 | 2.5K |
| 73 | MTARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 0.10% | $295,000 | 10.2K |
| 74 | OTISOTIS WORLDWIDE CORP | COM | 0.09% | $246,000 | 2.4K |
| 75 | MCDMCDONALDS CORP | COM | 0.08% | $229,000 | 733 |
| 76 | ACNACCENTURE PLC IRELAND | SHS CLASS A | 0.07% | $207,000 | 663 |
| 77 | ESBAEMPIRE ST RLTY OP L P | UNIT LTD PRTNSP | 0.04% | $114,000 | 14.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $347M | 91 | Apr 28, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $352M | 91 | Jan 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $349M | 96 | Oct 20, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $317M | 96 | Jul 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $287M | 100 | Apr 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $287M | 99 | Jan 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $280M | 97 | Nov 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $268M | 99 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $269M | 104 | Apr 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $237M | 101 | Jan 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $211M | 96 | Nov 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $211M | 96 | Aug 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $196M | 93 | May 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $183M | 96 | Jan 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $146M | 84 | Nov 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $165M | 84 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $193M | 82 | May 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $213M | 87 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $195M | 88 | Nov 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $192M | 92 | Aug 4, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2021 | $180M | 87 | Apr 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $171M | 87 | Jan 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $157M | 68 | Nov 9, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $140M | 69 | Aug 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $110M | 63 | May 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $140M | 70 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.