SEC 13F Intelligence

Managers / Q1 2026

LECAP ASSET MANAGEMENT LTD

CIK 0001990849 · MICHELIN HOUSE, 81 FULHAM ROAD, LONDON, X0, SW3 6RD · 0011442031963166

Reported Value
$266M
Q1 2026
Positions
267
Filings on Record
10
2019–present window
Filed
Apr 30, 2026
original filing

Summary

Lecap Asset Management Ltd reported $266M in U.S.-listed holdings across 267 positions for Q1 2026.

Its largest position, IBKR, represents 1.0% of the portfolio.

Compared with Q4 2025, the fund opened 130 new positions and exited 140.

Portfolio Metrics

Turnover
+57.2%
vs prior filed quarter
Top-10 Concentration
+9.8%
share of reported value
Largest Position
+1.0%
Interactive Brokers Group In
New / Exited
130 / 140
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
Q4 ’23: $275MQ4 ’23Q1 ’24: $480MQ2 ’24: $463MQ2 ’24Q3 ’24: $463MQ4 ’24: $369MQ4 ’24Q1 ’25: $428MQ2 ’25: $283MQ2 ’25Q3 ’25: $288MQ4 ’25: $251MQ4 ’25Q1 ’26: $266Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.5%REIT: 8.1%Other: 3.2%Tracking Stk: 0.2%
  • Common Stock · 88.5% · $235M
  • REIT · 8.1% · $22M
  • Other · 3.2% · $9M
  • Tracking Stk · 0.2% · $524,318

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBKRINTERACTIVE BROKERS GROUP INNEW+40.7K40.7K+$3M$3M
TOLTOLL BROTHERS INCNEW+19.9K19.9K+$3M$3M
SYYSYSCO CORPNEW+37.7K37.7K+$3M$3M
MAMASTERCARD INCORPORATEDNEW+5.3K5.3K+$3M$3M
SSNCSS&C TECH HLDGSNEW+38.5K38.5K+$3M$3M
TPGTPG INCNEW+63.4K63.4K+$3M$3M
AIGAMERICAN INTL GROUP INCNEW+34.0K34.0K+$3M$3M
IEXIDEX CORPNEW+13.1K13.1K+$2M$2M

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

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A1.03%$3M40.7K
2TOLTOLL BROTHERS INChistory →COM1.02%$3M19.9K
3SYYSYSCO CORPhistory →COM1.01%$3M37.7K
4MAMASTERCARD INCORPORATEDhistory →CL A1.00%$3M5.3K
5SSNCSS&C TECH HLDGSCOM0.98%$3M38.5K
6TPGTPG INCCOM CL A0.97%$3M63.4K
7AIGAMERICAN INTL GROUP INCCOM NEW0.96%$3M34.0K
8CPRTCOPART INCCOM0.96%$3M76.6K
9HSTHOST HOTELS & RESORTS INCCOM0.95%$3M131.2K
10BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.94%$2M5.2K
11DOCUDOCUSIGN INCCOM0.94%$2M52.7K
12IEXIDEX CORPCOM0.93%$2M13.1K
13AAPLAPPLE INCCOM0.93%$2M9.8K
14VRSNVERISIGN INCCOM0.90%$2M9.7K
15DECKDECKERS OUTDOOR CORPCOM0.88%$2M23.4K
16A4SAMERIPRISE FINL INCCOM0.84%$2M5.0K
17PODDINSULET CORPCOM0.83%$2M10.5K
18CNCCENTENE CORP DELCOM0.82%$2M66.8K
19TPRTAPESTRY INCCOM0.80%$2M15.0K
20ELLAUDER ESTEE COS INCCL A0.80%$2M29.5K
21NOWSERVICENOW INCCOM0.79%$2M20.0K
22MTDMETTLER TOLEDO INTERNATIONALCOM0.78%$2M1.6K
23ISRGINTUITIVE SURGICAL INCCOM NEW0.77%$2M4.5K
24UNMUNUM GROUPCOM0.76%$2M27.7K
25DYHTARGET CORPCOM0.75%$2M16.6K
26RRXREGAL REXNORD CORPORATIONCOM0.74%$2M10.5K
27BBWIBATH & BODY WORKS INCCOM0.74%$2M104.9K
28UBERUBER TECHNOLOGIES INCCOM0.73%$2M26.9K
29APHAMPHENOL CORPCL A0.72%$2M15.1K
30DGDOLLAR GEN CORPCOM0.72%$2M16.1K
31CHECHEMED CORP NEWCOM0.71%$2M5.0K
32ELVELEVANCE HEALTH INC FORMERLYCOM0.70%$2M6.4K
33VICIVICI PPTYS INCCOM0.70%$2M68.2K
34ARCH CAP GROUP LTDORD0.69%$2M19.2K
35BLDRBUILDERS FIRSTSOURCE INCCOM0.69%$2M22.3K
36SFSTIFEL FINL CORPCOM0.68%$2M24.5K
37FNDFLOOR & DECOR HLDGS INCCL A0.65%$2M34.1K
38PATHUIPATH INCCL A0.65%$2M156.2K
39MSFTMICROSOFT CORPCOM0.63%$2M4.6K
40AFWALIGN TECHNOLOGY INCCOM0.63%$2M9.8K
41FICOFAIR ISAAC CORPCOM0.62%$2M1.6K
42FDXFEDEX CORPCOM0.62%$2M4.6K
43MUMICRON TECHNOLOGY INCCOM0.62%$2M4.8K
44MORNMORNINGSTAR INCCOM0.61%$2M9.6K
45ONON SEMICONDUCTOR CORPCOM0.60%$2M25.8K
46FOXFOX CORPCL B COM0.60%$2M30.0K
47FNFFIDELITY NATL FINL INCCOM SHS0.59%$2M34.1K
48CGNXCOGNEX CORPCOM0.59%$2M31.9K
49AMHAMERICAN HOMES 4 RENTCL A0.58%$2M55.1K
50AMEAMETEK INCCOM0.58%$2M7.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$266M267Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$251M277Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$288M266Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$283M282Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$428M278Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$369M279Jan 28, 202513F-HRchanges · EDGAR ↗
Q3 2024$463M297Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$463M301Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$480M281Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$275M279Jan 29, 202413F-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 ↗.