Q2 2026 13F · SEC CIK 1353394
Gladstone Capital Management LLP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $1.0B
- Reported positions
- 40
- Top holdings a year, 3 yrs
- +22.3%
- Assets under management
- $1.6B
Gladstone Capital Management LLP is a hedge fund that reported 40 positions worth $1.0B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Alphabet Inc (GOOGL, 17.8%), Quanta Svcs Inc (PWR, 12.8%), Visa Inc (V, 9.4%). A portfolio copying its top holdings returned 22.3% a year over the last 3 years, against 20.4% for the S&P 500.
Gladstone Capital Management LLP holdings all 40 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Gladstone Capital Management LLP bought and sold in Q2 2026, against Q1 2026.
New positions
- AFL Aflac Inc7.0% of 13F
- FTNT Fortinet Inc6.0% of 13F
- SNDK Sandisk Corp4.5% of 13F
- ALAB Astera Labs Inc0.3% of 13F
- PGR Progressive Corp0.3% of 13F
- AMAT Applied Matls Inc0.3% of 13F
- DY Dycom Inds Inc0.3% of 13F
- QCOM Qualcomm Inc0.1% of 13F
Added to
- SNOW Snowflake Inc+4206.9% shares
- ARM Arm Holdings PLC+110.0% shares
- PM Philip Morris Intl Inc+23.9% shares
- V Visa Inc+21.7% shares
Reduced
- DOCN Digitalocean Hldgs Inc-100.0% shares
- MSFT Microsoft Corp-99.3% shares
- AVGO Broadcom Inc-96.4% shares
- ICE Intercontinental Exchange Inc-88.0% shares
- GE Ge Aerospace-84.0% shares
- LIN Linde PLC-62.4% shares
- APG Api Group Corp-50.0% shares
- GLW Corning Inc-47.2% shares
Sold out
- LHX L3harris Technologies Incwas 1.4%
- LULU Lululemon Athletica Incwas 0.1%
- CBRE Cbre Group Incwas 0.0%
- NKE Nike Incwas 0.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +12.2% /yr
- S&P 500 +20.1%
- 3 years
- +22.3% /yr
- S&P 500 +20.4%
- 5 years
- +4.9% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $1.0B | 40 |
| Q1 2026 | $995.9M | 32 |
| Q4 2025 | $969.3M | 28 |
| Q3 2025 | $915.5M | 23 |
| Q2 2025 | $969.2M | 22 |
| Q1 2025 | $971.2M | 24 |
| Q4 2024 | $1.2B | 28 |
| Q3 2024 | $1.2B | 22 |
| Q2 2024 | $1.1B | 18 |
| Q1 2024 | $1.0B | 19 |
| Q4 2023 | $853.4M | 14 |
| Q3 2023 | $979.3M | 15 |
Questions about Gladstone Capital Management LLP's portfolio
What stocks does Gladstone Capital Management LLP own?
Gladstone Capital Management LLP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 40 positions worth $1.0B. The largest are Alphabet Inc (GOOGL) at 17.8%, Quanta Svcs Inc (PWR) at 12.8%, Visa Inc (V) at 9.4%, Rtx Corporation (RTX) at 9.3% and Philip Morris Intl Inc (PM) at 9.0%.
What did Gladstone Capital Management LLP buy last quarter?
In Q2 2026, Gladstone Capital Management LLP added a new position in Aflac Inc (AFL), a new position in Fortinet Inc (FTNT), a new position in Sandisk Corp (SNDK), a new position in Astera Labs Inc (ALAB), a new position in Progressive Corp (PGR), Snowflake Inc (SNOW) (+4206.9% shares), Arm Holdings PLC (ARM) (+110.0% shares) and Philip Morris Intl Inc (PM) (+23.9% shares), compared with its Q1 2026 filing.
What did Gladstone Capital Management LLP sell last quarter?
In Q2 2026, Gladstone Capital Management LLP sold all of L3harris Technologies Inc (LHX), sold all of Lululemon Athletica Inc (LULU), sold all of Cbre Group Inc (CBRE), sold all of Nike Inc (NKE), Digitalocean Hldgs Inc (DOCN) (-100.0% shares), Microsoft Corp (MSFT) (-99.3% shares) and Broadcom Inc (AVGO) (-96.4% shares), compared with its Q1 2026 filing.
How has Gladstone Capital Management LLP's portfolio performed?
A portfolio copying Gladstone Capital Management LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.2% against +20.1%. Over 5 years: +4.9% a year against +11.6%.
When is Gladstone Capital Management LLP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Gladstone Capital Management LLP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Gladstone Capital Management LLP manage?
Gladstone Capital Management LLP reported $1.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.0B.