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Gladstone Capital Management LLP

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13F filer, CIK 1353394, LONDON, United Kingdom

Gladstone Capital Management LLP reported $995,944,527 across 32 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 89.86% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001353394-26-000004

Period
2026-03-31
Reported value
$996M
Holdings
32
Top 10 weight
89.86%
New
7
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Vnew+228,010$68.9M
TSMadded+197,803$66.8M
GLWnew+356,933$48.5M
DOCNnew+496,702$42.6M
PWRadded+47,296$26M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AVGOreduced-147,241-$45.6M
METAexited-58,974-$43.3M
ABNBreduced-205,543-$26M
ACGLreduced-268,311-$25.8M
SNOWreduced-167,494-$25.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001353394-26-000004, largest first. % of portfolio is the value over $995,944,527, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 872,849 shares; 2024Q4: 6,438 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 634,200 shares; 2025Q4: 595,957 shares; 2026Q1: 624,783 shares 624,783$180M18.04%+28,826Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 180,981 shares; 2026Q1: 228,277 shares 228,277$125M12.58%+47,296Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 231,829 shares; 2025Q3: 609,068 shares; 2025Q4: 650,965 shares; 2026Q1: 602,463 shares 602,463$116M11.67%-48,502Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 331,345 shares; 2024Q4: 244,635 shares; 2025Q1: 186,191 shares; 2025Q2: 184,434 shares; 2025Q3: 260,496 shares; 2025Q4: 238,707 shares; 2026Q1: 257,826 shares 257,826$95.4M9.58%+19,119Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,957,666 shares; 2025Q4: 2,181,558 shares; 2026Q1: 1,846,147 shares 1,846,147$74.8M7.51%-335,411Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,860 shares; 2026Q1: 215,663 shares 215,663$72.9M7.32%+197,803Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 228,010 shares 228,010$68.9M6.92%newTimeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 921,359 shares; 2024Q4: 883,473 shares; 2025Q1: 745,329 shares; 2025Q2: 727,159 shares; 2025Q3: 814,173 shares; 2025Q4: 407,642 shares; 2026Q1: 404,274 shares 404,274$66.8M6.71%-3,368Timeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 356,933 shares 356,933$48.5M4.87%newTimeline
ACGLARCH CAP GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,247,310 shares; 2024Q4: 1,338,272 shares; 2025Q1: 1,263,448 shares; 2025Q2: 1,165,926 shares; 2025Q3: 654,979 shares; 2025Q4: 750,533 shares; 2026Q1: 482,222 shares 482,222$46.3M4.65%-268,311Timeline
DOCNDIGITALOCEAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 496,702 shares 496,702$42.6M4.28%newTimeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 59,200 shares; 2025Q1: 610 shares; 2025Q2: 610 shares; 2025Q3: 289,912 shares; 2025Q4: 213,066 shares; 2026Q1: 65,825 shares 65,825$20.4M2.05%-147,241Timeline
LHXL3HARRIS TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 39,755 shares 39,755$13.7M1.38%newTimeline
XYZBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 289,871 shares; 2024Q4: 987,806 shares; 2025Q1: 844,746 shares; 2025Q2: 774,305 shares; 2025Q3: 704,811 shares; 2025Q4: 514,928 shares; 2026Q1: 192,507 shares 192,507$11.6M1.16%-322,421Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 605,371 shares; 2024Q4: 445,442 shares; 2025Q1: 314,811 shares; 2025Q2: 232,471 shares; 2025Q3: 6,176 shares; 2025Q4: 1,548 shares; 2026Q1: 16,303 shares 16,303$4.63M0.46%+14,755Timeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 8,600 shares 8,600$4.26M0.43%newTimeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 290,116 shares; 2025Q1: 584,336 shares; 2025Q2: 613,854 shares; 2025Q3: 157,889 shares; 2025Q4: 100 shares; 2026Q1: 8,300 shares 8,300$1.31M0.13%+8,200Timeline
LULULULULEMON ATHLETICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,100 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,300 shares; 2026Q1: 3,300 shares 3,300$686K0.07%0Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares; 2025Q3: not reported; 2025Q4: 209,100 shares; 2026Q1: 3,557 shares 3,557$449K0.05%-205,543Timeline
FIGFIGMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 16,600 shares; 2025Q4: 17,081 shares; 2026Q1: 17,081 shares 17,081$361K0.04%0Timeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 416,311 shares; 2025Q2: 381,307 shares; 2025Q3: 6,948 shares; 2025Q4: 169,002 shares; 2026Q1: 1,508 shares 1,508$227K0.02%-167,494Timeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 335,045 shares; 2025Q1: 206,791 shares; 2025Q2: 46,249 shares; 2025Q3: 140,456 shares; 2025Q4: 78,097 shares; 2026Q1: 1,000 shares 1,000$182K0.02%-77,097Timeline
ARMARM HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,815 shares; 2025Q2: 1,000 shares; 2025Q3: 1,000 shares; 2025Q4: 1,000 shares; 2026Q1: 1,000 shares 1,000$151K0.02%0Timeline
DASHDOORDASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 52,636 shares; 2025Q4: 31,397 shares; 2026Q1: 1,000 shares 1,000$150K0.02%-30,397Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 488,231 shares; 2024Q4: 1,000 shares; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares; 2025Q3: 1,000 shares; 2025Q4: 1,000 shares; 2026Q1: 729 shares 729$127K0.01%-271Timeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 100 shares 100$70.3K0.01%newTimeline
MDLZMONDELEZ INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,000 shares 1,000$57.6K0.01%newTimeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 193,102 shares; 2024Q4: 814 shares; 2025Q1: 100 shares; 2025Q2: 100 shares; 2025Q3: 100 shares; 2025Q4: 100 shares; 2026Q1: 100 shares 100$37.2K<0.01%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 666 shares; 2024Q4: 390,046 shares; 2025Q1: 390,046 shares; 2025Q2: 458,333 shares; 2025Q3: 100 shares; 2025Q4: 3,000 shares; 2026Q1: 100 shares 100$20.8K<0.01%-2,900Timeline
WINGWINGSTOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 100 shares; 2026Q1: 100 shares 100$15.5K<0.01%0Timeline
KEYKEYCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 698 shares; 2024Q4: 698 shares; 2025Q1: 698 shares; 2025Q2: 698 shares; 2025Q3: 698 shares; 2025Q4: 698 shares; 2026Q1: 698 shares 698$14K<0.01%0Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 61,200 shares; 2024Q4: not reported; 2025Q1: 1,000 shares; 2025Q2: 1,000 shares; 2025Q3: not reported; 2025Q4: 4 shares; 2026Q1: 4 shares 4$211<0.01%0Timeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
METAMETA PLATFORMS INC58,974$43.3Mshares
TEAMATLASSIAN CORPORATION1,000$162Kshares
BABAALIBABA GROUP HLDG LTD900$132Kshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001353394-26-000004 base2026-05-15acceptance time not in the bulk data set