Managers / Q1 2026
Nutshell Asset Management Ltd
CIK 0002021442 · IVYBRIDGE HOUSE, 1-5 ADAM STREET, LONDON, WC2N 6LE · 442078560520
Summary
Nutshell Asset Management Ltd reported $184M in U.S.-listed holdings across 35 positions for Q1 2026.
Its largest position, NVDA, represents 10.4% of the portfolio.
Compared with Q4 2025, the fund opened 12 new positions and exited 12.
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 · 91.5% · $168M
- ADR · 4.7% · $9M
- ETP · 3.2% · $6M
- Other · 0.6% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ANETARISTA NETWORKS INC | NEW | +82.3K | 82.3K | +$10M | $10M |
| RMERESMED INC | NEW | +36.4K | 36.4K | +$8M | $8M |
| FICOFAIR ISAAC CORP | NEW | +5.2K | 5.2K | +$5M | $5M |
| AVGOBROADCOM INC | NEW | +15.0K | 15.0K | +$5M | $5M |
| QLYSQUALYS INC | NEW | +40.6K | 40.6K | +$4M | $4M |
| IDXXIDEXX LABS INC | NEW | +5.9K | 5.9K | +$3M | $3M |
| AAPLAPPLE INC | NEW | +4.7K | 4.7K | +$1M | $1M |
| DUTMOODYS CORP | NEW | +2.6K | 2.6K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $184M | 35 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $281M | 34 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $210M | 26 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $168M | 24 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $192M | 25 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $158M | 30 | Feb 13, 2025 | 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 ↗.