SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Marcho Partners LLP

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

Reported Value
$165M
Q4 2025
Positions
7
Filings on Record
26
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Marcho Partners LLP reported $165M in U.S.-listed holdings across 7 positions for Q4 2025.

The portfolio is heavily concentrated: TSM alone accounts for 22.8% of reported value.

Compared with Q3 2025, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Largest Position
+22.8%
Taiwan Semiconductor Mfg

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. 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
ADR: 34.9%Common Stock: 31.4%Other: 22.0%ETP: 11.7%
  • ADR · 34.9% · $57M
  • Common Stock · 31.4% · $52M
  • Other · 22.0% · $36M
  • ETP · 11.7% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GTLBGITLAB INCSOLD OUT−489.5K0−$22M$0
SPDR S&P 500 ETF TRSOLD OUT−20.0K0−$13M$0
NU HLDGS LTDTRIMMED−702.4K1.10M−$10M$18M
TSMTAIWAN SEMICONDUCTOR MFG LTDTRIMMED−67.1K123.5K−$16M$38M
SHOPSHOPIFY INCTRIMMED−56.8K112.7K−$7M$18M
SESEA LTDADDED+20.0K156.6K−$4M$20M
GRAB HOLDINGS LIMITEDTRIMMED−484.0K3.57M−$7M$18M
MLB1MERCADOLIBRE INCTRIMMED−2.1K16.6K−$10M$34M

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

Holdings — Q4 2025

7 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS22.78%$38M123.5K
2MLB1MERCADOLIBRE INChistory →COM20.34%$34M16.6K
3SESEA LTDhistory →SPONSORD ADS12.13%$20M156.6K
4IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT11.74%$19M389.6K
5NU HLDGS LTDORD SHS CL A11.20%$18M1.10M
6SHOPSHOPIFY INChistory →CL A SUB VTG SHS11.01%$18M112.7K
7GRAB HOLDINGS LIMITEDCLASS A ORD10.80%$18M3.57M

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 ↗.