Gladstone Capital Management LLP portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Gladstone Capital Management LLP reported a $1.0 bn portfolio of 40 positions to the SEC as of the end of Q2 2026. Its largest positions are GOOGL, PWR, V. During the quarter it opened Aflac and Fortinet.
Sections with a free account
What changed this quarter
35 positions with a change (12 new, 4 added to, 15 trimmed, 4 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Microsoft−99%fewer sharesReduced9.6% → 0.1%
- Aflac+7.0 ppof portfolioNew— → 7.0%
- Fortinet+6.0 ppof portfolioNew— → 6.0%
- Sandisk+4.5 ppof portfolioNew— → 4.5%
- Alphabet−19%fewer sharesReduced18.0% → 17.8%
- Corning−47%fewer sharesReduced4.9% → 4.8%
- DigitalOcean Holdings−99.9%fewer sharesReduced4.3% → under 0.1%
- APi Group−50%fewer sharesReduced7.5% → 3.9%
- Quanta Services−21%fewer sharesReduced12.6% → 12.8%
- Taiwan Semiconductor Manufacturing−21%fewer sharesReduced7.3% → 8.0%
- Broadcom−96%fewer sharesReduced2.0% → 0.1%
- RTX−18%fewer sharesReduced11.7% → 9.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- AlphabetGOOGL17.8%
- Quanta ServicesPWR12.8%
- VisaV9.4%
- RTXRTX9.3%
- Philip Morris InternationalPM9.0%
- Taiwan Semiconductor ManufacturingTSM8.0%
- AflacAFL7.0%
- FortinetFTNT6.0%
- CorningGLW4.8%
- SandiskSNDK4.5%
- APi GroupAPG3.9%
- Arch Capital GroupACGL2.9%
- SnowflakeSNOW1.6%
- BlockXYZ0.8%
- Astera LabsALAB0.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 27%
- ● Information Technology 26%
- ● Financials 21%
- ● Communication Services 18%
- ● Consumer Staples 9%
How its portfolio changed (8 quarters)
Q2 2026: 40
Q2 2026: 89%
Q2 2026: 32.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Aug 14, 2026 (high confidence).
The data, as reported: GLADSTONE MANAGEMENT (CRD 167646): 7.B private funds: 1 hedge (gross assets $1.1 bn); 5.D assets by client type: pooled vehicles 72%, pension plans 28% (of $1.6 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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