Nutshell Asset Management Ltd
•CIK: 2021442•Filing: Q4 2025
**Nutshell Asset Management Ltd.** manages $281M across a concentrated portfolio of 34 positions. The strategy exhibits significant conviction in technology and financial infrastructure, evidenced by top holdings including BIL ($31.1M) and FTNT ($27.1M). Further allocations are notable in semiconductor and software leaders, with NVDA ($23.4M), MA ($17.9M), and MSFT ($13.5M) anchoring the core equity exposure. This structure suggests a focused, high-conviction approach targeting established market leaders.
Total AUM
$280.5M
QoQ Performance
+33.8%
Positions
34
Top 10 Concentration
62.8%
Latest Filing
Q4 2025
Top Holdings Allocation
BIL
FTNT
NVDA
MA
BIL11.1%
FTNT9.6%
NVDA8.4%
MA6.4%
V4.9%
APH4.9%
MSFT4.8%
ADBE4.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other61.0%
Technology23.7%
Financial11.8%
Consumer3.4%
🚪 Exited Positionssold since Q3 2025
+2 more exited positions
Changes from Q3 2025
NEW15 new positions
↑11 increased
↓6 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024