SEC 13F Intelligence

Managers / Q3 2025

Nekton Capital Ltd.

CIK 0001884716 · 2 PORTMAN STREET, LONDON, X0, W1H 6DU · 44 20 3925 3300

Reported Value
$49M
Q3 2025
Positions
18
Filings on Record
17
2022–present window
Filed
Nov 14, 2025
original filing

Summary

Nekton Capital Ltd. reported $49M in U.S.-listed holdings across 18 positions for Q3 2025.

Its largest position, PLD, represents 11.3% of the portfolio.

Compared with Q2 2025, the fund opened 10 new positions and exited 5.

Portfolio Metrics

Turnover
+49.8%
vs prior filed quarter
Top-10 Concentration
+77.0%
share of reported value
Largest Position
+11.3%
Prologis
New / Exited
10 / 5
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 ’21: $165MQ4 ’21Q1 ’22: $406MQ2 ’22: $310MQ2 ’22Q3 ’22: $367MQ4 ’22: $443MQ4 ’22Q1 ’23: $599MQ2 ’23: $610MQ2 ’23Q3 ’23: $631MQ4 ’23: $435MQ4 ’23Q1 ’24: $429MQ2 ’24: $220MQ2 ’24Q3 ’24: $22MQ4 ’24: $38MQ4 ’24Q1 ’25: $36MQ2 ’25: $49MQ2 ’25Q3 ’25: $49Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 58.4%REIT: 31.6%ADR: 6.6%ETP: 3.3%
  • Common Stock · 58.4% · $29M
  • REIT · 31.6% · $16M
  • ADR · 6.6% · $3M
  • ETP · 3.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MDTMEDTRONIC PLCNEW+54.0K54.0K+$5M$5M
EAELECTRONIC ARTSNEW+16.0K16.0K+$3M$3M
REXRREXFORD INDUSTRINEW+59.3K59.3K+$2M$2M
DHRDANAHER CORPNEW+12.1K12.1K+$2M$2M
HDBHDFC BANK-ADRNEW+69.3K69.3K+$2M$2M
COOCOOPER COS INCNEW+25.0K25.0K+$2M$2M
VNQVANGUARD REAL ESNEW+18.0K18.0K+$2M$2M
IRTINDEPENDENCE REANEW+93.2K93.2K+$2M$2M

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

Holdings — Q3 2025

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PLDPROLOGIS INChistory →COM11.25%$6M48.5K
2MDTMEDTRONIC PLChistory →SHS10.42%$5M54.0K
3UDRUDR INChistory →COM10.00%$5M132.6K
4UNPUNION PAC CORPhistory →COM9.81%$5M20.5K
5ELESTEE LAUDERhistory →CL A8.84%$4M49.5K
6EAELECTRONIC ARTShistory →COM6.52%$3M16.0K
7TECKTECK RESOURCES-Bhistory →CL B5.54%$3M62.3K
8REXRREXFORD INDUSTRIhistory →COM4.94%$2M59.3K
9DHRDANAHER CORPhistory →COM4.87%$2M12.1K
10HDBHDFC BANK-ADRhistory →SPONSORED ADS4.79%$2M69.3K
11ALCALCON INChistory →ORD SHS4.13%$2M27.4K
12COOCOOPER COS INChistory →COM3.47%$2M25.0K
13VNQVANGUARD REAL EShistory →REAL ESTATE ETF3.32%$2M18.0K
14IRTINDEPENDENCE REAhistory →COM3.09%$2M93.2K
15PINSPINTEREST INC -Ahistory →CL A2.75%$1M42.3K
16INVHINVITATION HOMEShistory →COM2.33%$1M39.3K
17SWSMURFIT WESTROCKhistory →SHS2.08%$1M24.1K
18RIORIO TINTO-ADRhistory →SPONSORED ADR1.84%$907,50513.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$49M18Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$49M13Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$36M9May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$38M7Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$22M4Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$220M14Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$429M16May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$435M13Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$631M16Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$610M15Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$599M15May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$443M18Feb 15, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$367M17Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$310M17Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$406M13May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$165M14Feb 10, 202213F-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 ↗.