Managers / Q1 2026
PBCay One RSC Ltd
CIK 0002013737 · LEVEL 43, ICD BROOKFIELD PLACE, DIFC, PO BOX 116020, DUBAI · 97144559500
Summary
Pbcay One Rsc Ltd reported $1.3B in U.S.-listed holdings across 18 positions for Q1 2026.
Its largest position, MSFT, represents 7.8% of the portfolio.
Compared with Q4 2025, the fund opened 8 new positions 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. 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 · 56.9% · $766M
- ETP · 36.4% · $490M
- ADR · 6.0% · $81M
- Other · 0.6% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | NEW | +630.0K | 630.0K | +$410M | $410M |
| Ishares China Large-Cap Etf | NEW | +1.84M | 1.84M | +$66M | $66M |
| METAMeta Platforms Inc | NEW | +93.1K | 93.1K | +$53M | $53M |
| DHRDanaher Corp | NEW | +279.1K | 279.1K | +$53M | $53M |
| LLYEli Lilly and Co | NEW | +37.7K | 37.7K | +$35M | $35M |
| TMOThermo Fisher Scientific Inc | NEW | +60.6K | 60.6K | +$30M | $30M |
| UNHUnitedHealth Group Inc | NEW | +53.0K | 53.0K | +$14M | $14M |
| GEVGE Vernova Inc | NEW | +4.3K | 4.3K | +$4M | $4M |
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 | MSFTMicrosoft Corphistory → | COM | 7.78% | $105M | 282.5K |
| 2 | NVDANVIDIA Corphistory → | COM | 7.37% | $99M | 568.4K |
| 3 | AMZNAmazon.com Inchistory → | COM | 7.31% | $98M | 471.7K |
| 4 | TSMTaiwan Semiconductor Manufacturing Co Ltdhistory → | SPONSORED ADS | 6.05% | $81M | 240.5K |
| 5 | SPGIS&P Global Inchistory → | COM | 5.55% | $75M | 175.6K |
| 6 | SHWSherwin-Williams Cohistory → | COM | 4.99% | $67M | 209.5K |
| 7 | MLB1MercadoLibre Inchistory → | COM | 4.98% | $67M | 38.7K |
| 8 | Ishares China Large-Cap Etf | CHINA LG-CAP ETF | 4.93% | $66M | 1.84M |
| 9 | GOOGLAlphabet Inchistory → | CAP STK CL A | 4.92% | $66M | 230.1K |
| 10 | METAMeta Platforms Inchistory → | CL A | 3.96% | $53M | 93.1K |
| 11 | DHRDanaher Corphistory → | COM | 3.94% | $53M | 279.1K |
| 12 | LLYEli Lilly and Cohistory → | COM | 2.58% | $35M | 37.7K |
| 13 | TMOThermo Fisher Scientific Inchistory → | COM | 2.22% | $30M | 60.6K |
| 14 | UNHUnitedHealth Group Inchistory → | COM | 1.07% | $14M | 53.0K |
| 15 | IBITiShares Bitcoin Trust ETFhistory → | SHS BEN INT | 1.04% | $14M | 365.6K |
| 16 | Nu Holdings Ltd | ORD SHS CL A | 0.58% | $8M | 539.1K |
| 17 | GEVGE Vernova Inc | COM | 0.28% | $4M | 4.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.3B | 18 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $567M | 11 | Feb 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $0 | 1 | May 1, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2024 | $0 | 1 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $31M | 1 | Oct 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $184M | 4 | Jul 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $585M | 8 | Apr 30, 2024 | 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 ↗.