Institutional Manager · CIK 0001927627
M & L Capital Management Ltd
LONDON, X0 · File #028-24856
Latest AUM
$479.6M
Positions
25
Top-10 Concentration
90.2%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ADVANCED MICRO DEVICES INC | AMD | -135,200 | -$29.0M | +$8.4M |
| REDUCE | ARISTA NETWORKS INC | ANET | -154,800 | -$20.3M | -$3.5M |
| NEW | LUMENTUM HLDGS INC | LITE | +39,150 | +$14.4M | $0 |
| ADD | CIENA CORP | CIEN | +31,350 | +$7.3M | +$432,180 |
| EXITED | WORKDAY INC | 98138H101 | -17,600 | -$4.2M | $0 |
| NEW | COHERENT | COHR | +21,700 | +$4.0M | $0 |
| NEW | TKO GROUP HOLDINGS INC | TKO | +14,250 | +$3.0M | $0 |
| EXITED | SALESFORCE INC | 79466L302 | -11,000 | -$2.6M | $0 |
| NEW | VERTIV HOLDINGS CO | VRT | +14,700 | +$2.4M | $0 |
| ADD | KARMAN HLDGS INC | KRMN | +31,929 | +$2.3M | +$14,356 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202525 pos · $479.6M
- 13F HOLDINGS REPORTQ/E Sep 202525 pos · $501.7M
- 13F HOLDINGS REPORTQ/E Jun 202525 pos · $444.1M
- 13F HOLDINGS REPORTQ/E Mar 202521 pos · $334.0M
- 13F HOLDINGS REPORTQ/E Dec 202424 pos · $410.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 1,170,700 | $218.3M | 45.53% |
| 2 | MICROSOFT CORP | MSFT | 150,200 | $72.6M | 15.15% |
| 3 | BROADCOM INC | AVGO | 131,500 | $45.5M | 9.49% |
| 4 | SYNOPSYS INC | SNPS | 44,550 | $20.9M | 4.36% |
| 5 | ROBINHOOD MKTS INC | 770700102 | 135,500 | $15.3M | 3.20% |
| 6 | LUMENTUM HLDGS INC | LITE | 39,150 | $14.4M | 3.01% |
| 7 | EXCHANGE TRADED CONCEPTS TRU | 301505707 | 185,810 | $12.9M | 2.69% |
| 8 | ARISTA NETWORKS INC | ANET | 86,000 | $11.3M | 2.35% |
| 9 | DELL TECHNOLOGIES INC | DELL | 88,300 | $11.1M | 2.32% |
| 10 | LIBERTY MEDIA CORP DEL | FWONB | 103,965 | $10.2M | 2.14% |
| 11 | INTUITIVE SURGICAL INC C | ISRG | 17,700 | $10.0M | 2.09% |
| 12 | CIENA CORP | CIEN | 36,250 | $8.5M | 1.77% |
| 13 | ADVANCED MICRO DEVICES INC | AMD | 25,800 | $5.5M | 1.15% |
| 14 | COHERENT | COHR | 21,700 | $4.0M | 0.84% |
| 15 | KARMAN HLDGS INC | KRMN | 46,729 | $3.4M | 0.71% |
| 16 | TKO GROUP HOLDINGS INC | TKO | 14,250 | $3.0M | 0.62% |
| 17 | CELSIUS HLDGS INC | CELH | 53,400 | $2.4M | 0.51% |
| 18 | VERTIV HOLDINGS CO | VRT | 14,700 | $2.4M | 0.50% |
| 19 | AEROVIRONMENT INC | AVAV | 9,400 | $2.3M | 0.47% |
| 20 | INSULET CORP | PODD | 5,630 | $1.6M | 0.33% |