SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Marcho Partners LLP

CIK 0001782974 · 10 QUEEN STREET PLACE, LONDON, X0, EC4R 1BE · 011442039264800

Reported Value
$423M
Q1 2023
Positions
12
Filings on Record
26
2019–present window
Filed
May 15, 2023
original filing

Summary

Marcho Partners LLP reported $423M in U.S.-listed holdings across 12 positions for Q1 2023.

Its largest position, U, represents 14.5% of the portfolio.

Compared with Q4 2022, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+18.0%
vs prior filed quarter
Top-10 Concentration
+99.6%
share of reported value
Largest Position
+14.5%
Unity Software
New / Exited
2 / 3
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
Q4 ’19: $146MQ4 ’19Q1 ’20: $229MQ2 ’20: $166MQ3 ’20: $521MQ4 ’20: $1.1BQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.5BQ3 ’21: $1.6BQ4 ’21: $1.4BQ4 ’21Q1 ’22: $823MQ2 ’22: $417MQ3 ’22: $444MQ4 ’22: $425MQ4 ’22Q1 ’23: $423MQ2 ’23: $438MQ3 ’23: $322MQ4 ’23: $292MQ4 ’23Q1 ’24: $340MQ2 ’24: $383MQ3 ’24: $375MQ4 ’24: $372MQ4 ’24Q1 ’25: $272MQ2 ’25: $282MQ3 ’25: $262MQ4 ’25: $165MQ4 ’25Q1 ’26: $124Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.9%US DOMESTIC: 11.8%ADR: 5.9%Other: 0.4%
  • Common Stock · 81.9% · $346M
  • US DOMESTIC · 11.8% · $50M
  • ADR · 5.9% · $25M
  • Other · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLOBAL E ONLINE LTDNEW+854.0K854.0K+$28M$28M
CAZOO GROUP LTDNEW+697.5K697.5K+$2M$2M
COINBASE GLOBAL INCSOLD OUT−47.00M0−$27M$0
BLOCK INCSOLD OUT−25.00M0−$24M$0
CAZOO GROUP LTDSOLD OUT−19.68M0−$3M$0
SPOTSPOTIFY TECHNOLOGY S ATRIMMED−238.3K335.1K−$494,353$45M
GRABGRAB HOLDINGS LIMITEDADDED+1.91M7.01M+$5M$21M
SHOPSHOPIFY INCTRIMMED−465.2K971.2K−$3M$47M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1UUNITY SOFTWARE INChistory →COM14.50%$61M1.89M
2MELIMERCADOLIBRE INChistory →COM13.49%$57M43.3K
3SHOPSHOPIFY INChistory →CL A11.01%$47M971.2K
4SPOTSPOTIFY TECHNOLOGY S Ahistory →SHS10.59%$45M335.1K
5ESTCELASTIC N Vhistory →ORD SHS10.59%$45M773.0K
6SESEA LTDSPONSORD ADS · NOTE 2.375%12/010.26%$43M15.29M
7GTLBGITLAB INChistory →CLASS A COM10.19%$43M1.26M
8FARFETCH LTDNOTE 3.750% 5/07.44%$31M40.00M
9GLOBAL E ONLINE LTDSHS6.51%$28M854.0K
10GRABGRAB HOLDINGS LIMITEDhistory →CLASS A ORD4.99%$21M7.01M
11CAZOO GROUP LTDCL A0.41%$2M697.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$124M5May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$165M7Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$262M9Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$282M9Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$272M9May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$372M11Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$375M13Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$383M12Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$340M9May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$292M8Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$322M10Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$438M13Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$423M12May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$425M13Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$444M14Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$417M12Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$823M12May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.4B12Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.6B17Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.5B19Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B25May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B23Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$521M14Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$166M5Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$229M10May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$146M10Feb 12, 202013F-HRchanges · 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 ↗.