SEC 13F Intelligence

Managers / Q3 2025

Franchise Capital Ltd

CIK 0001859388 · PO BOX 309, UGLAND HOUSE, GRAND CAYMAN KY1-1104, GRAND CAYMAN, E9, KY1-1104 · 861058291819

Reported Value
$230M
Q3 2025
Positions
30
Filings on Record
20
2019–present window
Filed
Oct 28, 2025
original filing

Summary

Franchise Capital Ltd reported $230M in U.S.-listed holdings across 30 positions for Q3 2025.

The portfolio is heavily concentrated: NVDA alone accounts for 29.6% of reported value.

Compared with Q2 2025, the fund opened 8 new positions and exited 2.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+96.4%
share of reported value
Largest Position
+29.6%
Nvidia Corporation
New / Exited
8 / 2
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. 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
Q1 ’21: $1.0BQ1 ’21Q2 ’21: $1.2BQ3 ’21: $837MQ4 ’21: $591MQ4 ’21Q1 ’22: $364MQ2 ’22: $299MQ3 ’22: $230MQ3 ’22Q1 ’23: $383,548Q2 ’23: $319,449Q3 ’23: $279,407Q3 ’23Q1 ’24: $538MQ2 ’24: $413MQ3 ’24: $277MQ3 ’24Q4 ’24: $216MQ1 ’25: $168MQ2 ’25: $192MQ2 ’25Q3 ’25: $230Mfilingsflow.com

Portfolio Composition

By security type
ADR: 52.4%Common Stock: 45.8%Other: 1.1%REIT: 0.5%ETP: 0.2%
  • ADR · 52.4% · $120M
  • Common Stock · 45.8% · $105M
  • Other · 1.1% · $2M
  • REIT · 0.5% · $1M
  • ETP · 0.2% · $481,691

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOOGALPHABET INCNEW+26.5K26.5K+$6M$6M
AVGOBROADCOM INCNEW+8.3K8.3K+$3M$3M
CREDO TECHNOLOGY GROUP HOLDINEW+16.8K16.8K+$2M$2M
PLTRPALANTIR TECHNOLOGIES INCNEW+4.7K4.7K+$857,374$857,374
SESEA LTDNEW+4.3K4.3K+$762,462$762,462
SHOPSHOPIFY INCNEW+5.1K5.1K+$760,735$760,735
ETHAISHARES ETHEREUM TRNEW+7.0K7.0K+$222,146$222,146
BEKEKE HLDGS INCNEW+4.0K4.0K+$76,000$76,000

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

Holdings — Q3 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM29.65%$68M365.1K
2PDDPDD HOLDINGS INChistory →SPONSORED ADS28.85%$66M501.5K
3TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS14.54%$33M119.6K
4METAMETA PLATFORMS CL A ORDhistory →CL A7.77%$18M24.3K
5LKNCYLUCKIN COFFEE ADR REP 8 ORDhistory →SPON ADR6.97%$16M421.3K
6GOOGALPHABET INChistory →CAK STK CL C2.81%$6M26.5K
7TSLATESLA INChistory →COM2.48%$6M12.8K
8AVGOBROADCOM INChistory →COM1.19%$3M8.3K
9CHACHAGEE HLDGS LTDhistory →SPONSORED ADS1.13%$3M157.5K
10CREDO TECHNOLOGY GROUP HOLDIORDINARY SHARES1.06%$2M16.8K
11RBLXROBLOX CORPCL A0.91%$2M15.1K
12YBYUANBAO INCSPONSORED ADS0.57%$1M66.7K
13PLTRPALANTIR TECHNOLOGIES INCCL A0.37%$857,3744.7K
14SESEA LTDSPONSORD ADS0.33%$762,4624.3K
15SHOPSHOPIFY INCCL A SUB VTG SHS0.33%$760,7355.1K
16IBITISHARES BITCOIN TRUST ETFSHS BEN INT0.11%$259,5454.0K
17ETHAISHARES ETHEREUM TRSHS0.10%$222,1467.0K
18VENVENTAS INCCOM0.10%$222,0083.2K
19FQIDIGITAL RLTY TR INCCOM0.10%$219,2121.3K
20PHMPULTE GROUP INCCOM0.09%$216,6931.6K
21EQIXEQUINIX INCCOM0.09%$209,125267
22HSTHOST HOTELS & RESORTS INCCOM0.08%$193,94311.4K
23AHRAMERICAN HEALTHCARE REIT INCCOM SHS0.08%$183,7944.4K
24DHID R HORTON INCCOM0.08%$182,5191.1K
25CRCLCIRCLE INTERNET GROUP INCCOM CL A0.05%$115,345870
26WELLWELLTOWER INCCOM0.04%$101,362569
27BEKEKE HLDGS INCSPONSORED ADS0.03%$76,0004.0K
28VICIVICI PPTYS INCCOM0.03%$74,8732.3K
29NVRNVR INCCOM0.02%$56,2437
30IRON MTN INC DELCOM0.02%$46,383455

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$230M30Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$192M24Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$168M20Apr 3, 202513F-HRchanges · EDGAR ↗
Q4 2024$216M16Jan 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$277M10Oct 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$413M9Jul 11, 202413F-HRchanges · EDGAR ↗
Q1 2024$538M16May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023REVEALEDUnder review31Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$279,40719Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$319,44913Aug 16, 202313F-HRchanges · EDGAR ↗
Q1 2023$383,54820May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review15Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$230M15Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$299M23Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$364M20May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$591M18Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$837M21Nov 16, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B24Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.0B20May 14, 202113F-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 ↗.