Managers / Q3 2025 · view latest →
Marcho Partners LLP
CIK 0001782974 · 10 QUEEN STREET PLACE, LONDON, X0, EC4R 1BE · 011442039264800
Summary
Marcho Partners LLP reported $262M in U.S.-listed holdings across 9 positions for Q3 2025.
The portfolio is heavily concentrated: TSM alone accounts for 20.3% of reported value.
The book was largely unchanged from Q2 2025.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 55.1% · $144M
- ADR · 29.6% · $78M
- ETP · 15.4% · $40M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPYSPDR S&P 500 ETF TR | TRIMMED | −25.0K | 20.0K | −$14M | $13M |
| NUNU HLDGS LTD | TRIMMED | −762.9K | 1.80M | −$6M | $29M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | TRIMMED | −63.3K | 190.5K | −$4M | $53M |
| SHOPSHOPIFY INC | TRIMMED | −47.1K | 169.6K | +$204,883 | $25M |
| SESEA LTD | TRIMMED | −21.6K | 136.6K | −$881,320 | $24M |
| IBITISHARES BITCOIN TRUST ETF | ADDED | +47.6K | 414.6K | +$4M | $27M |
| MELIMERCADOLIBRE INC | ADDED | +2.1K | 18.8K | +$274,519 | $44M |
| GRABGRAB HOLDINGS LIMITED | TRIMMED | −472.7K | 4.05M | +$2M | $24M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 20.29% | $53M | 190.5K |
| 2 | MELIMERCADOLIBRE INChistory → | COM | 16.72% | $44M | 18.8K |
| 3 | NUNU HLDGS LTDhistory → | ORD SHS CL A | 11.02% | $29M | 1.80M |
| 4 | IBITISHARES BITCOIN TRUST ETFhistory → | SHS BEN INT | 10.27% | $27M | 414.6K |
| 5 | SHOPSHOPIFY INChistory → | CL A SUB VTG SHS | 9.61% | $25M | 169.6K |
| 6 | SESEA LTDhistory → | SPONSORD ADS | 9.31% | $24M | 136.6K |
| 7 | GRABGRAB HOLDINGS LIMITEDhistory → | CLASS A ORD | 9.30% | $24M | 4.05M |
| 8 | GTLBGITLAB INChistory → | CLASS A COM | 8.41% | $22M | 489.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $124M | 5 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $165M | 7 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $262M | 9 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $282M | 9 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $272M | 9 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $372M | 11 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $375M | 13 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $383M | 12 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $340M | 9 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $292M | 8 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $322M | 10 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $438M | 13 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $423M | 12 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $425M | 13 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $444M | 14 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $417M | 12 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $823M | 12 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $1.4B | 12 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $1.6B | 17 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $1.5B | 19 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $1.2B | 25 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.1B | 23 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $521M | 14 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $166M | 5 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $229M | 10 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $146M | 10 | Feb 12, 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 ↗.