Managers / Q4 2025 · view latest →
111 Capital
CIK 0002060412 · 9 RUE DE LA PAIX, PARIS, I0, 75002 · 0188467617
Summary
111 Capital reported $458M in U.S.-listed holdings across 322 positions for Q4 2025.
Its largest position, Spdr Djia, represents 7.3% of the portfolio.
Compared with Q3 2025, the fund opened 130 new positions and exited 246.
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 · 73.0% · $334M
- ETP · 20.5% · $94M
- Other · 5.5% · $25M
- REIT · 0.8% · $4M
- ADR · 0.3% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TRUST | NEW | +42.4K | 42.4K | +$29M | $29M |
| SS CONSUMER DISC SELECT SECT | NEW | +87.0K | 87.0K | +$10M | $10M |
| XLUST SR UTL SL SE SPDR ETF-USD | NEW | +164.7K | 164.7K | +$7M | $7M |
| DEUTSCHE BANK AG-REGISTERED | NEW | +104.0K | 104.0K | +$4M | $4M |
| XLBSS MATERIALS SELECT SECTOR | NEW | +64.0K | 64.0K | +$3M | $3M |
| MAGNUM ICE CREAM CO NV/THE | NEW | +156.7K | 156.7K | +$3M | $3M |
| TJXTJX COMPANIES INC | NEW | +14.5K | 14.5K | +$2M | $2M |
| SS REAL ESTATE SELECT SECTOR | NEW | +53.6K | 53.6K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
Filing History
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 ↗.