LTS One Management LP Quant / Systematic

CIK: 0001894188 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $258,986 (100.0% shares, 0.0% debt)

Holdings (15)

New Positions (2)

WCN WASTE CONNECTIONS INC 6.8%

Value ($000) $17,492 Shares 99,750 Est. Cost $172.81 Unrealized 0.0%

JCI JOHNSON CTLS INTL PLC 5.6%

Value ($000) $14,430 Shares 120,500 Est. Cost $114.81 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WCN	WASTE CONNECTIONS INC	99,750	$17,492	6.8%	$172.81	0.0%	COM	94106B101
JCI	JOHNSON CTLS INTL PLC	120,500	$14,430	5.6%	$114.81	0.0%	SHS	G51502105

Increased Positions (3)

V VISA INC 9.0%

Value ($000) $23,427 (+14.4%) Shares 66,800 (+11.3%) Est. Cost $345.76 Unrealized -1.6%

BN BROOKFIELD CORP 8.1%

Value ($000) $21,041 (-5.6%) Shares 458,500 (+41.1%) Est. Cost $39.90 Unrealized +14.1%

AON AON PLC 8.8%

Value ($000) $22,831 (+2.4%) Shares 64,700 (+3.5%) Est. Cost $333.78 Unrealized +4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	66,800 (+11.3%)	$23,427 (+14.4%)	9.0%	$345.76	-1.6%	COM CL A	92826C839
BN	BROOKFIELD CORP	458,500 (+41.1%)	$21,041 (-5.6%)	8.1%	$39.90	+14.1%	CL A LTD VT SH	11271J107
AON	AON PLC	64,700 (+3.5%)	$22,831 (+2.4%)	8.8%	$333.78	+4.6%	SHS CL A	G0403H108

Exited Positions (1)

UNP UNION PAC CORP 5.8%

Value ($000) $15,128 Shares 64,000 Est. Cost $223.15 Unrealized +1.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	64,000	$15,128	5.8%	$223.15	+1.9%	—	907818108

Decreased Positions (10)

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.1%

Value ($000) $15,878 (-36.8%) Shares 52,250 (-41.9%) Est. Cost $174.83 Unrealized —

COF CAPITAL ONE FINL CORP 6.5%

Value ($000) $16,723 (-25.1%) Shares 69,000 (-34.3%) Est. Cost $170.68 Unrealized +30.2%

ATI ATI INC 4.5%

Value ($000) $11,763 (-31.1%) Shares 102,500 (-51.2%) Est. Cost $68.45 Unrealized +42.4%

DHR DANAHER CORPORATION 6.7%

Value ($000) $17,226 (-21.0%) Shares 75,250 (-31.6%) Est. Cost $214.21 Unrealized +2.5%

APH AMPHENOL CORP NEW 5.9%

Value ($000) $15,271 (-20.4%) Shares 113,000 (-27.1%) Est. Cost $69.49 Unrealized +92.2%

INTU INTUIT 4.4%

Value ($000) $11,427 (-22.2%) Shares 17,250 (-19.8%) Est. Cost $633.44 Unrealized +4.3%

MSFT MICROSOFT CORP 8.4%

Value ($000) $21,642 (-12.0%) Shares 44,750 (-5.8%) Est. Cost $422.63 Unrealized +18.4%

AMZN AMAZON COM INC 7.9%

Value ($000) $20,543 (-10.9%) Shares 89,000 (-15.2%) Est. Cost $197.89 Unrealized +15.6%

LPLA LPL FINL HLDGS INC 5.7%

Value ($000) $14,787 (-11.1%) Shares 41,400 (-17.2%) Est. Cost $362.48 Unrealized -2.4%

NU NU HLDGS LTD 5.6%

Value ($000) $14,505 (-9.4%) Shares 866,500 (-13.4%) Est. Cost $11.91 Unrealized +35.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	52,250 (-41.9%)	$15,878 (-36.8%)	6.1%	$174.83	—	SPONSORED ADS	874039100
COF	CAPITAL ONE FINL CORP	69,000 (-34.3%)	$16,723 (-25.1%)	6.5%	$170.68	+30.2%	COM	14040H105
ATI	ATI INC	102,500 (-51.2%)	$11,763 (-31.1%)	4.5%	$68.45	+42.4%	COM	01741R102
DHR	DANAHER CORPORATION	75,250 (-31.6%)	$17,226 (-21.0%)	6.7%	$214.21	+2.5%	COM	235851102
APH	AMPHENOL CORP NEW	113,000 (-27.1%)	$15,271 (-20.4%)	5.9%	$69.49	+92.2%	CL A	032095101
INTU	INTUIT	17,250 (-19.8%)	$11,427 (-22.2%)	4.4%	$633.44	+4.3%	COM	461202103
MSFT	MICROSOFT CORP	44,750 (-5.8%)	$21,642 (-12.0%)	8.4%	$422.63	+18.4%	COM	594918104
AMZN	AMAZON COM INC	89,000 (-15.2%)	$20,543 (-10.9%)	7.9%	$197.89	+15.6%	COM	023135106
LPLA	LPL FINL HLDGS INC	41,400 (-17.2%)	$14,787 (-11.1%)	5.7%	$362.48	-2.4%	COM	50212V100
NU	NU HLDGS LTD	866,500 (-13.4%)	$14,505 (-9.4%)	5.6%	$11.91	+35.0%	ORD SHS CL A	G6683N103