Managers / Q1 2026
Lakehouse Capital Pty Ltd
CIK 0001844830 · SUITE 3, LEVEL 9, 20 HUNTER STREET, SYDNEY NSW, C3, 2000 · 001161282949800
Summary
Lakehouse Capital Pty Ltd reported $148M in U.S.-listed holdings across 13 positions for Q1 2026.
The portfolio is heavily concentrated: MELI alone accounts for 20.1% of reported value.
Compared with Q4 2025, the fund opened 1 new position and exited 1.
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 · 90.7% · $134M
- ADR · 9.3% · $14M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VEEVVEEVA SYS INC | NEW | +16.6K | 16.6K | +$4M | $4M |
| MSFTMICROSOFT CORP | ADDED | +12.9K | 21.8K | +$7M | $12M |
| NOWSERVICENOW INC | ADDED | +69.5K | 124.3K | +$11M | $19M |
| WIXWIX COM LTD | SOLD OUT | −109.8K | 0 | −$11M | $0 |
| GOOGALPHABET INC | ADDED | +11.4K | 24.8K | +$6M | $10M |
| SCHWSCHWAB CHARLES CORP | TRIMMED | −78.9K | 32.9K | −$7M | $5M |
| TWTRADEWEB MKTS INC | TRIMMED | −74.6K | 34.3K | −$6M | $6M |
| PINSPINTEREST INC | TRIMMED | −317.1K | 179.8K | −$8M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MELIMERCADOLIBRE INChistory → | COM | 20.11% | $30M | 11.8K |
| 2 | NOWSERVICENOW INChistory → | COM | 12.80% | $19M | 124.3K |
| 3 | WKWORKIVA INChistory → | COM CL A | 10.81% | $16M | 184.1K |
| 4 | SESEA LTD SPONSORD ADShistory → | SPONSORD ADS | 9.33% | $14M | 114.4K |
| 5 | MSFTMICROSOFT CORPhistory → | COM | 7.94% | $12M | 21.8K |
| 6 | WDAYWORKDAY INChistory → | CL A | 7.12% | $11M | 55.7K |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 7.01% | $10M | 24.8K |
| 8 | VVISA INChistory → | COM CL A | 5.89% | $9M | 19.8K |
| 9 | AMZNAMAZON COM INChistory → | COM | 5.85% | $9M | 28.5K |
| 10 | TWTRADEWEB MKTS INChistory → | CL A | 3.97% | $6M | 34.3K |
| 11 | PINSPINTEREST INChistory → | CL A | 3.25% | $5M | 179.8K |
| 12 | SCHWSCHWAB CHARLES CORPhistory → | COM | 3.04% | $5M | 32.9K |
| 13 | VEEVVEEVA SYS INChistory → | CL A COM | 2.86% | $4M | 16.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $148M | 13 | Apr 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $139M | 13 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $164M | 13 | Nov 19, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2025 | $164M | 13 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $150M | 13 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $148M | 13 | Jan 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $142M | 13 | Oct 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $143M | 14 | Aug 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $129M | 15 | Apr 11, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $125M | 14 | Jan 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $111M | 14 | Oct 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $116M | 13 | Aug 16, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $113M | 13 | May 16, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $101M | 14 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $91M | 14 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $103M | 14 | Aug 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $154M | 14 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $178M | 12 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $177M | 12 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $171M | 12 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $144M | 12 | May 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $133M | 14 | Feb 9, 2021 | 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 ↗.