Institutional Manager · CIK 0002021442
Nutshell Asset Management Ltd
SEVENOAKS, X0 · File #028-25014
Latest AUM
$280.5M
Positions
34
Top-10 Concentration
62.8%
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 |
|---|---|---|---|---|---|
| NEW | AMPHENOL CORP NEW | 032095101 | +101,242 | +$13.7M | $0 |
| EXITED | MEDPACE HLDGS INC | 58506Q109 | -18,712 | -$9.6M | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +44,330 | +$8.3M | -$6,503 |
| ADD | FORTINET INC | FTNT | +102,828 | +$8.2M | -$1.1M |
| ADD | VISA INC | V | +21,925 | +$7.7M | +$161,875 |
| NEW | PAYPAL HLDGS INC | PYPL | +118,718 | +$6.9M | $0 |
| NEW | ZOETIS INC | ZTS | +52,316 | +$6.6M | $0 |
| ADD | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | +19,795 | +$6.0M | +$457,167 |
| EXITED | META PLATFORMS INC | 30303M102 | -6,945 | -$5.1M | $0 |
| ADD | AUTOZONE INC | AZO | +1,467 | +$5.0M | -$661,473 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202534 pos · $280.5M
- 13F HOLDINGS REPORTQ/E Sep 202526 pos · $209.6M
- 13F HOLDINGS REPORTQ/E Jun 202524 pos · $168.0M
- 13F HOLDINGS REPORTQ/E Mar 202525 pos · $191.8M
- 13F HOLDINGS REPORTQ/E Dec 202430 pos · $158.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | 78468R663 | 340,000 | $31.1M | 11.08% |
| 2 | FORTINET INC | FTNT | 340,705 | $27.1M | 9.65% |
| 3 | NVIDIA CORPORATION | NVDA | 125,613 | $23.4M | 8.35% |
| 4 | MASTERCARD INCORPORATED | MA | 31,363 | $17.9M | 6.38% |
| 5 | VISA INC | V | 39,275 | $13.8M | 4.91% |
| 6 | AMPHENOL CORP NEW | 032095101 | 101,242 | $13.7M | 4.88% |
| 7 | MICROSOFT CORP | MSFT | 27,820 | $13.5M | 4.80% |
| 8 | ADOBE INC | ADBE | 34,762 | $12.2M | 4.34% |
| 9 | ALPHABET INC | GOOG | 37,909 | $11.9M | 4.23% |
| 10 | MSCI INC | MSCI | 20,608 | $11.8M | 4.21% |
| 11 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 38,379 | $11.7M | 4.16% |
| 12 | AUTOZONE INC | AZO | 2,203 | $7.5M | 2.66% |
| 13 | PAYPAL HLDGS INC | PYPL | 118,718 | $6.9M | 2.47% |
| 14 | BOOKING HOLDINGS INC | BKNG | 1,258 | $6.7M | 2.40% |
| 15 | ZOETIS INC | ZTS | 52,316 | $6.6M | 2.35% |
| 16 | AUTOMATIC DATA PROCESSING IN | ADP | 25,307 | $6.5M | 2.32% |
| 17 | OREILLY AUTOMOTIVE INC | 67103H107 | 62,415 | $5.7M | 2.03% |
| 18 | CHECK POINT SOFTWARE TECH LT | M22465104 | 30,633 | $5.7M | 2.03% |
| 19 | TRADEWEB MKTS INC | 892672106 | 48,457 | $5.2M | 1.86% |
| 20 | FACTSET RESH SYS INC | 303075105 | 13,000 | $3.8M | 1.34% |