Managers / Q4 2025 · view latest →
Seascape Capital Management
CIK 0001418342 · 99 BOW STREET, STE. 300 EAST, PORTSMOUTH, NH, 03801 · 603 964-4480
Reported Value
$352M
Q4 2025
Positions
91
Filings on Record
27
2020–present window
Filed
Jan 21, 2026
original filing
Summary
Seascape Capital Management reported $352M in U.S.-listed holdings across 91 positions for Q4 2025.
Its largest position, DBND, represents 12.9% of the portfolio.
Compared with Q3 2025, the fund opened 4 new positions and exited 9.
Portfolio Metrics
Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+48.6%
share of reported value
Largest Position
+12.9%
Doubleline Etf
New / Exited
4 / 9
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 · 53.2% · $187M
- ETP · 41.3% · $145M
- ADR · 3.7% · $13M
- Other · 1.8% · $6M
- Ltd Part · 0.0% · $93,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FEMBFIRST TR EXCH TRADED FD III | NEW | +228.7K | 228.7K | +$7M | $7M |
| FIXDFIRST TR EXCHNG TRADED FD VI | NEW | +8.6K | 8.6K | +$382,000 | $382,000 |
| MUMICRON TECHNOLOGY INC | NEW | +909 | 909 | +$259,000 | $259,000 |
| URIUNITED RENTALS INC | NEW | +317 | 317 | +$257,000 | $257,000 |
| NFLXNETFLIX INC | ADDED | +5.0K | 5.6K | −$156,000 | $525,000 |
| MSFTMICROSOFT CORP | ADDED | +4.7K | 8.4K | +$2M | $4M |
| IBDWISHARES TR | SOLD OUT | −260.7K | 0 | −$6M | $0 |
| VVISA INC | SOLD OUT | −16.0K | 0 | −$5M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
70 positions (from 91 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DBNDDOUBLELINE ETF TRUST | OPPORTUNISTIC CO · COMMERCIAL REAL · MULTI SECTOR INC | 12.95% | $46M | 950.2K |
| 2 | FTCBFIRST TR EXCHANGE-TRADED FDhistory → | CORE INVESTMENT | 8.63% | $30M | 1.43M |
| 3 | EMXCISHARES INChistory → | MSCI EMRG CHN | 6.64% | $23M | 321.4K |
| 4 | GOVTISHARES TR | US TREAS BD ETF · CORE S&P500 ETF · USD INV GRDE ETF · NATIONAL MUN ETF · S&P 500 GRWT ETF · INTL EQTY FACTOR · CORE US AGGBD ET · MSCI ACWI EX US · ISHS 1-5YR INVS · CORE MSCI EAFE · GLOBAL TECH ETF · CORE S&P US GWT · CORE MSCI TOTAL · ESG AWR MSCI USA · CORE S&P SCP ETF | 5.18% | $18M | 573.6K |
| 5 | FEMBFIRST TR EXCH TRADED FD III | EME MRK BD ETF · MANAGD MUN ETF | 2.87% | $10M | 292.9K |
| 6 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 2.76% | $10M | 31.0K |
| 7 | APPAPPLOVIN CORPhistory → | COM CL A | 2.49% | $9M | 13.0K |
| 8 | JPIEJ P MORGAN EXCHANGE TRADED F | INCOME ETF · MUNICIPAL ETF | 2.48% | $9M | 187.1K |
| 9 | NRGNRG ENERGY INChistory → | COM NEW | 2.32% | $8M | 51.2K |
| 10 | NVDANVIDIA CORPORATIONhistory → | COM | 2.32% | $8M | 43.7K |
| 11 | AAPLAPPLE INChistory → | COM | 2.23% | $8M | 28.9K |
| 12 | CATCATERPILLAR INChistory → | COM | 2.09% | $7M | 12.8K |
| 13 | JPMJPMORGAN CHASE & CO.history → | COM | 1.92% | $7M | 20.9K |
| 14 | COFCAPITAL ONE FINL CORPhistory → | COM | 1.91% | $7M | 27.7K |
| 15 | HCAHCA HEALTHCARE INChistory → | COM | 1.83% | $6M | 13.8K |
| 16 | ABBVABBVIE INChistory → | COM | 1.82% | $6M | 27.9K |
| 17 | FLEX LTD | ORD | 1.78% | $6M | 103.8K |
| 18 | WSMWILLIAMS SONOMA INChistory → | COM | 1.71% | $6M | 33.8K |
| 19 | MLPXGLOBAL X FDShistory → | GLB X MLP ENRG I | 1.55% | $5M | 90.1K |
| 20 | AMGAFFILIATED MANAGERS GROUP INhistory → | COM | 1.52% | $5M | 18.5K |
| 21 | BKNGBOOKING HOLDINGS INChistory → | COM | 1.48% | $5M | 972 |
| 22 | RTXRTX CORPORATIONhistory → | COM | 1.44% | $5M | 27.6K |
| 23 | PHMPULTE GROUP INChistory → | COM | 1.42% | $5M | 42.7K |
| 24 | MNSTMONSTER BEVERAGE CORP NEWhistory → | COM | 1.42% | $5M | 65.1K |
| 25 | ORLYOREILLY AUTOMOTIVE INChistory → | COM | 1.38% | $5M | 53.2K |
| 26 | VRTVERTIV HOLDINGS COhistory → | COM CL A | 1.36% | $5M | 29.6K |
| 27 | NWGNATWEST GROUP PLChistory → | SPONS ADR | 1.35% | $5M | 272.0K |
| 28 | AZNNASTRAZENECA PLChistory → | SPONSORED ADR | 1.26% | $4M | 48.3K |
| 29 | QCOMQUALCOMM INChistory → | COM | 1.23% | $4M | 25.4K |
| 30 | TOPBUILD CORP | COM | 1.18% | $4M | 10.0K |
| 31 | METAMETA PLATFORMS INChistory → | CL A | 1.17% | $4M | 6.2K |
| 32 | MSFTMICROSOFT CORPhistory → | COM | 1.15% | $4M | 8.4K |
| 33 | AEPAMERICAN ELEC PWR CO INChistory → | COM | 1.14% | $4M | 34.7K |
| 34 | ANETARISTA NETWORKS INChistory → | COM SHS | 1.13% | $4M | 30.4K |
| 35 | AONAON PLChistory → | SHS CL A | 1.11% | $4M | 11.0K |
| 36 | EWEDWARDS LIFESCIENCES CORPhistory → | COM | 1.07% | $4M | 44.2K |
| 37 | FTNTFORTINET INChistory → | COM | 1.06% | $4M | 47.0K |
| 38 | AMEAMETEK INChistory → | COM | 1.04% | $4M | 17.9K |
| 39 | RELXRELX PLChistory → | SPONSORED ADR | 1.04% | $4M | 90.1K |
| 40 | APHAMPHENOL CORP NEW | CL A | 0.96% | $3M | 25.0K |
| 41 | NXPINXP SEMICONDUCTORS N V | COM | 0.92% | $3M | 15.0K |
| 42 | SHWSHERWIN WILLIAMS CO | COM | 0.91% | $3M | 9.8K |
| 43 | EHCENCOMPASS HEALTH CORP | COM | 0.89% | $3M | 29.4K |
| 44 | AVGOBROADCOM INC | COM | 0.88% | $3M | 9.0K |
| 45 | CDWCDW CORP | COM | 0.87% | $3M | 22.3K |
| 46 | SCHBSCHWAB STRATEGIC TR | US BRD MKT ETF · US LCAP GR ETF | 0.50% | $2M | 63.6K |
| 47 | LLYELI LILLY & CO | COM | 0.42% | $1M | 1.4K |
| 48 | AMZNAMAZON COM INC | COM | 0.37% | $1M | 5.7K |
| 49 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.28% | $984,000 | 2.0K |
| 50 | AMATAPPLIED MATLS INC | COM | 0.25% | $884,000 | 3.4K |
| 51 | MAMASTERCARD INCORPORATED | CL A | 0.24% | $836,000 | 1.5K |
| 52 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · TOTAL STK MKT | 0.18% | $648,000 | 4.8K |
| 53 | MCKMCKESSON CORP | COM | 0.17% | $596,000 | 726 |
| 54 | PGPROCTER AND GAMBLE CO | COM | 0.16% | $565,000 | 3.9K |
| 55 | NFLXNETFLIX INC | COM | 0.15% | $525,000 | 5.6K |
| 56 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.14% | $506,000 | 742 |
| 57 | MRKMERCK & CO INC | COM | 0.14% | $482,000 | 4.6K |
| 58 | WMTWALMART INC | COM | 0.13% | $457,000 | 4.1K |
| 59 | FIXDFIRST TR EXCHNG TRADED FD VI | SMITH OPPORT FXD | 0.11% | $382,000 | 8.6K |
| 60 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.10% | $362,000 | 600 |
| 61 | COSTCOSTCO WHSL CORP NEW | COM | 0.10% | $362,000 | 420 |
| 62 | HDHOME DEPOT INC | COM | 0.10% | $355,000 | 1.0K |
| 63 | GLWCORNING INC | COM | 0.10% | $341,000 | 3.9K |
| 64 | ABTABBOTT LABS | COM | 0.09% | $330,000 | 2.6K |
| 65 | KRKROGER CO | COM | 0.08% | $279,000 | 4.5K |
| 66 | NSCNORFOLK SOUTHN CORP | COM | 0.08% | $276,000 | 955 |
| 67 | MUMICRON TECHNOLOGY INC | COM | 0.07% | $259,000 | 909 |
| 68 | URIUNITED RENTALS INC | COM | 0.07% | $257,000 | 317 |
| 69 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.07% | $238,000 | 1.3K |
| 70 | ESBAEMPIRE ST RLTY OP L P | UNIT LTD PRTNSP | 0.03% | $93,000 | 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 ↗.