CDAM (UK) Ltd Concentrated Active

CIK: 0001719387 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $549,902 (100.0% shares, 0.0% debt)

Holdings (11)

Increased Positions (8)

VEEV VEEV US Equity 9.5%

Value ($000) $52,004 (-23.4%) Shares 232,962 (+2.2%) Est. Cost $229.29 Unrealized +15.7%

NOW NOW US Equity 8.1%

Value ($000) $44,398 (+29.8%) Shares 289,820 (+679.7%) Est. Cost $161.89 Unrealized +6.0%

TFII TFII US Equity 7.6%

Value ($000) $41,561 (+21.2%) Shares 402,135 (+3.3%) Est. Cost $102.95 Unrealized -9.6%

QLYS QLYS US Equity 9.3%

Value ($000) $51,386 (+9.8%) Shares 386,650 (+9.3%) Est. Cost $115.61 Unrealized +19.0%

CNM CNM US Equity 12.1%

Value ($000) $66,344 (+6.0%) Shares 1,276,582 (+9.8%) Est. Cost $47.29 Unrealized +8.5%

DAVA DAVA US Equity 3.4%

Value ($000) $18,831 (-11.0%) Shares 2,979,658 (+28.2%) Est. Cost $35.59 Unrealized —

LGIH LGIH US Equity 5.8%

Value ($000) $31,926 (-4.1%) Shares 743,153 (+15.4%) Est. Cost $76.48 Unrealized -38.7%

ZD ZD US Equity 8.6%

Value ($000) $47,559 (-1.6%) Shares 1,353,018 (+6.6%) Est. Cost $83.28 Unrealized -58.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VEEV	VEEV US Equity	232,962 (+2.2%)	$52,004 (-23.4%)	9.5%	$229.29	+15.7%	COM	922475108
NOW	NOW US Equity	289,820 (+679.7%)	$44,398 (+29.8%)	8.1%	$161.89	+6.0%	COM	81762P102
TFII	TFII US Equity	402,135 (+3.3%)	$41,561 (+21.2%)	7.6%	$102.95	-9.6%	COM	87241L109
QLYS	QLYS US Equity	386,650 (+9.3%)	$51,386 (+9.8%)	9.3%	$115.61	+19.0%	COM	74758T303
CNM	CNM US Equity	1,276,582 (+9.8%)	$66,344 (+6.0%)	12.1%	$47.29	+8.5%	COM	21874C102
DAVA	DAVA US Equity	2,979,658 (+28.2%)	$18,831 (-11.0%)	3.4%	$35.59	—	ADS	29260V105
LGIH	LGIH US Equity	743,153 (+15.4%)	$31,926 (-4.1%)	5.8%	$76.48	-38.7%	COM	50187T106
ZD	ZD US Equity	1,353,018 (+6.6%)	$47,559 (-1.6%)	8.6%	$83.28	-58.1%	COM	48123V102

Unchanged Positions (3)

OTEX OTEX US Equity 12.0%

Value ($000) $65,722 Shares 2,017,255 Est. Cost $31.72 Unrealized +11.7%

CIGI CIGI US Equity 11.3%

Value ($000) $61,993 Shares 421,695 Est. Cost $76.62 Unrealized +95.9%

CRH CRH US Equity 12.4%

Value ($000) $68,178 Shares 546,302 Est. Cost $97.65 Unrealized +22.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OTEX	OTEX US Equity	2,017,255	$65,722	12.0%	$31.72	+11.7%	COM	683715106
CIGI	CIGI US Equity	421,695	$61,993	11.3%	$76.62	+95.9%	SUB VTG SHS	194693107
CRH	CRH US Equity	546,302	$68,178	12.4%	$97.65	+22.0%	COM	G25508105