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Nutshell Asset Management Ltd

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13F filer, CIK 2021442, LONDON, United Kingdom

Nutshell Asset Management Ltd reported $280,510,397 across 34 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 62.82% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002021442-26-000003

Period
2025-12-31
Reported value
$281M
Holdings
34
Top 10 weight
62.82%
New
15
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
APHnew+101,242$13.7M
NVDAadded+44,330$8.27M
FTNTadded+102,828$8.17M
Vadded+21,925$7.69M
PYPLnew+118,718$6.93M

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
MEDPexited-18,712-$9.62M
METAexited-6,945-$5.1M
TWreduced-41,500-$4.46M
CPRTexited-90,275-$4.06M
GOOGLreduced-11,500-$3.6M

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, Q4 2025

Share positions as resolved from 13F-HR 0002021442-26-000003, largest first. % of portfolio is the value over $280,510,397, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 340,000 shares; 2025Q3: 340,000 shares; 2025Q4: 340,000 shares 340,000$31.1M11.08%0Timeline
FTNTFORTINET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 102,934 shares; 2025Q1: 149,769 shares; 2025Q2: 130,254 shares; 2025Q3: 237,877 shares; 2025Q4: 340,705 shares 340,705$27.1M9.65%+102,828Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 50,713 shares; 2025Q1: 77,713 shares; 2025Q2: 56,255 shares; 2025Q3: 81,283 shares; 2025Q4: 125,613 shares 125,613$23.4M8.35%+44,330Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 16,264 shares; 2025Q1: 17,364 shares; 2025Q2: 15,366 shares; 2025Q3: 31,945 shares; 2025Q4: 31,363 shares 31,363$17.9M6.38%-582Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 4,800 shares; 2025Q2: 6,500 shares; 2025Q3: 17,350 shares; 2025Q4: 39,275 shares 39,275$13.8M4.91%+21,925Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 19,000 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 101,242 shares 101,242$13.7M4.88%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 35,870 shares; 2025Q1: 49,020 shares; 2025Q2: 12,220 shares; 2025Q3: 19,770 shares; 2025Q4: 27,820 shares 27,820$13.5M4.8%+8,050Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 30,293 shares; 2025Q1: 53,343 shares; 2025Q2: 34,065 shares; 2025Q3: 39,765 shares; 2025Q4: 34,762 shares 34,762$12.2M4.34%-5,003Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 58,950 shares; 2025Q1: 87,450 shares; 2025Q2: 65,214 shares; 2025Q3: 49,409 shares; 2025Q4: 37,909 shares 37,909$11.9M4.23%-11,500Timeline
MSCIMSCI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 16,016 shares; 2025Q1: 18,233 shares; 2025Q2: 15,356 shares; 2025Q3: 15,553 shares; 2025Q4: 20,608 shares 20,608$11.8M4.21%+5,055Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 9,750 shares; 2025Q1: 26,734 shares; 2025Q2: 40,165 shares; 2025Q3: 18,584 shares; 2025Q4: 38,379 shares 38,379$11.7M4.16%+19,795Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,739 shares; 2025Q1: 1,834 shares; 2025Q2: 2,072 shares; 2025Q3: 736 shares; 2025Q4: 2,203 shares 2,203$7.47M2.66%+1,467Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 57,500 shares; 2025Q2: 48,100 shares; 2025Q3: not reported; 2025Q4: 118,718 shares 118,718$6.93M2.47%newTimeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 613 shares; 2025Q4: 1,258 shares 1,258$6.74M2.4%+645Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 52,316 shares 52,316$6.58M2.35%newTimeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,500 shares; 2025Q3: 38,791 shares; 2025Q4: 25,307 shares 25,307$6.51M2.32%-13,484Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 6,750 shares; 2025Q1: not reported; 2025Q2: 21,000 shares; 2025Q3: 20,200 shares; 2025Q4: 62,415 shares 62,415$5.69M2.03%+42,215Timeline
CHKPCHECK POINT SOFTWARE TECH LTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,000 shares; 2025Q4: 30,633 shares 30,633$5.68M2.03%+21,633Timeline
TWTRADEWEB MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 17,000 shares; 2025Q2: 23,655 shares; 2025Q3: 89,957 shares; 2025Q4: 48,457 shares 48,457$5.21M1.86%-41,500Timeline
FDSFACTSET RESH SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,000 shares 13,000$3.77M1.34%newTimeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 200,000 shares 200,000$3.27M1.17%newTimeline
VRSNVERISIGN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 12,000 shares 12,000$2.92M1.04%newTimeline
COKECOCA COLA CONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,000 shares 19,000$2.91M1.04%newTimeline
MANHMANHATTAN ASSOCIATES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 16,500 shares 16,500$2.86M1.02%newTimeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,450 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,300 shares 4,300$2.85M1.02%newTimeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 16,400 shares 16,400$2.85M1.01%newTimeline
PAYXPAYCHEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,300 shares 25,300$2.84M1.01%newTimeline
DPZDOMINOS PIZZA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 6,800 shares 6,800$2.83M1.01%newTimeline
CALMCAL MAINE FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 36,300 shares; 2025Q4: 35,484 shares 35,484$2.82M1.01%-816Timeline
ROLROLLINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 47,000 shares 47,000$2.82M1.01%newTimeline
KLACKLA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 4,300 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,300 shares 2,300$2.79M1%newTimeline
MTDMETTLER TOLEDO INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 2,620 shares; 2025Q1: 3,820 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,000 shares 2,000$2.79M0.99%newTimeline
FLOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 175,711 shares; 2025Q1: 234,552 shares; 2025Q2: 23,026 shares; 2025Q3: 40,026 shares; 2025Q4: 40,026 shares 40,026$2.04M0.73%0Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,400 shares; 2025Q4: 3,900 shares 3,900$1.44M0.51%+1,500Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
MEDPMEDPACE HLDGS INC18,712$9.62Mshares
METAMETA PLATFORMS INC6,945$5.1Mshares
CPRTCOPART INC90,275$4.06Mshares
ACNACCENTURE PLC IRELAND14,250$3.51Mshares
FISVFISERV INC26,500$3.42Mshares
JKHYHENRY JACK & ASSOC INC19,800$2.95Mshares
DECKDECKERS OUTDOOR CORP20,500$2.08Mshares

How Q4 2025 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 0002021442-26-000003 base2026-02-13acceptance time not in the bulk data set