Gladstone Capital Management LLP Diversified Active

Location: London, United Kingdom

CIK: 0001353394 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $969M (100.0% shares, 0.0% debt)

Holdings (28)

GOOGL Alphabet Inc 19.2%

Value $187M Shares 595,957 Est. Cost $209.20 Unrealized +36.5%

RTX RTX Corp 12.3%

Value $119M Shares 650,965 Est. Cost $147.48 Unrealized +17.5%

MSFT Microsoft Corp 11.9%

Value $115M Shares 238,707 Est. Cost $302.64 Unrealized +65.4%

APG Api Group Corp 8.6%

Value $83.47M Shares 2,181,558 Est. Cost $35.12 Unrealized +5.3%

PWR Quanta Services Inc 7.9%

Value $76.38M Shares 180,981 Est. Cost $439.27 Unrealized 0.0%

AVGO Broadcom Inc 7.6%

Value $73.74M Shares 213,066 Est. Cost $305.48 Unrealized +16.9%

ACGL Arch Capital Group Ltd 7.4%

Value $71.99M Shares 750,533 Est. Cost $76.16 Unrealized +20.1%

PM Philip Morris International Inc 6.7%

Value $65.39M Shares 407,642 Est. Cost $115.74 Unrealized +32.7%

META Meta Platforms Inc 4.5%

Value $43.31M Shares 58,974 Est. Cost $606.84 Unrealized +10.0%

SNOW Snowflake Inc 3.8%

Value $37.07M Shares 169,002 Est. Cost $241.03 Unrealized +1.3%

XYZ Block Inc 3.5%

Value $33.52M Shares 514,928 Est. Cost $79.30 Unrealized -13.0%

ABNB Airbnb Inc 2.9%

Value $28.38M Shares 209,100 Est. Cost $124.53 Unrealized 0.0%

CBRE Capital One Finance Corp 2.0%

Value $18.93M Shares 78,097 Est. Cost $146.87 Unrealized +7.1%

DASH DoorDash Inc 0.7%

Value $7.111M Shares 31,397 Est. Cost $250.83 Unrealized -6.5%

TSM Taiwan Semiconductor Manufacturing Co Ltd 0.6%

Value $5.427M Shares 17,860 Est. Cost $303.89 Unrealized —

AMZN Amazon.com Inc 0.1%

Value $691K Shares 3,000 Est. Cost $227.95 Unrealized +0.4%

LULU Lululemon Atheletic Inc 0.1%

Value $686K Shares 3,300 Est. Cost $181.15 Unrealized 0.0%

FIG Figma Inc 0.1%

Value $638K Shares 17,081 Est. Cost $68.00 Unrealized -33.5%

GE General Electric Co 0.0%

Value $477K Shares 1,548 Est. Cost $155.75 Unrealized +93.1%

NVDA NVIDIA Corp 0.0%

Value $187K Shares 1,000 Est. Cost $96.88 Unrealized +92.1%

TEAM Atlassian Corp 0.0%

Value $162K Shares 1,000 Est. Cost $178.53 Unrealized -12.1%

BABA Alibaba Group Holding Ltd 0.0%

Value $132K Shares 900 Est. Cost $146.58 Unrealized —

ARM Arm Holdings PLC 0.0%

Value $109K Shares 1,000 Est. Cost $106.79 Unrealized —

TSLA Tesla Inc 0.0%

Value $44,972 Shares 100 Est. Cost $228.05 Unrealized +94.4%

WING Wingstop Inc 0.0%

Value $23,849 Shares 100 Est. Cost $247.68 Unrealized 0.0%

ICE Intercontinental Exchanges Inc 0.0%

Value $16,196 Shares 100 Est. Cost $159.73 Unrealized -2.2%

KEY KeyCorp 0.0%

Value $14,407 Shares 698 Est. Cost $14.86 Unrealized +24.4%

NKE Nike Inc 0.0%

Value $255 Shares 4 Est. Cost $64.91 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc	595,957	$187M	19.2%	$209.20	+36.5%	COM	02079K305
RTX	RTX Corp	650,965	$119M	12.3%	$147.48	+17.5%	COM	75513E101
MSFT	Microsoft Corp	238,707	$115M	11.9%	$302.64	+65.4%	COM	594918104
APG	Api Group Corp	2,181,558	$83.47M	8.6%	$35.12	+5.3%	COM	00187Y100
PWR	Quanta Services Inc	180,981	$76.38M	7.9%	$439.27	0.0%	COM	74762E102
AVGO	Broadcom Inc	213,066	$73.74M	7.6%	$305.48	+16.9%	COM	11135F101
ACGL	Arch Capital Group Ltd	750,533	$71.99M	7.4%	$76.16	+20.1%	COM	G0450A105
PM	Philip Morris International Inc	407,642	$65.39M	6.7%	$115.74	+32.7%	COM	718172109
META	Meta Platforms Inc	58,974	$43.31M	4.5%	$606.84	+10.0%	COM	30303M102
SNOW	Snowflake Inc	169,002	$37.07M	3.8%	$241.03	+1.3%	COM	833445109
XYZ	Block Inc	514,928	$33.52M	3.5%	$79.30	-13.0%	COM	852234103
ABNB	Airbnb Inc	209,100	$28.38M	2.9%	$124.53	0.0%	COM	009066101
CBRE	Capital One Finance Corp	78,097	$18.93M	2.0%	$146.87	+7.1%	COM	12504L109
DASH	DoorDash Inc	31,397	$7.111M	0.7%	$250.83	-6.5%	COM	25809K105
TSM	Taiwan Semiconductor Manufacturing Co Ltd	17,860	$5.427M	0.6%	$303.89	—	ADR	874039100
AMZN	Amazon.com Inc	3,000	$691K	0.1%	$227.95	+0.4%	COM	023135106
LULU	Lululemon Atheletic Inc	3,300	$686K	0.1%	$181.15	0.0%	COM	550021109
FIG	Figma Inc	17,081	$638K	0.1%	$68.00	-33.5%	COM	316841105
GE	General Electric Co	1,548	$477K	0.0%	$155.75	+93.1%	COM	369604301
NVDA	NVIDIA Corp	1,000	$187K	0.0%	$96.88	+92.1%	COM	67066G104
TEAM	Atlassian Corp	1,000	$162K	0.0%	$178.53	-12.1%	COM	049468101
BABA	Alibaba Group Holding Ltd	900	$132K	0.0%	$146.58	—	ADR	01609W102
ARM	Arm Holdings PLC	1,000	$109K	0.0%	$106.79	—	ADR	042068205
TSLA	Tesla Inc	100	$44,972	0.0%	$228.05	+94.4%	COM	88160R101
WING	Wingstop Inc	100	$23,849	0.0%	$247.68	0.0%	COM	974155103
ICE	Intercontinental Exchanges Inc	100	$16,196	0.0%	$159.73	-2.2%	COM	45866F104
KEY	KeyCorp	698	$14,407	0.0%	$14.86	+24.4%	COM	493267108
NKE	Nike Inc	4	$255	0.0%	$64.91	0.0%	COM	654106103