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Nutshell Asset Management Ltd — 13F Holdings & Portfolio

CIK 2021442 · latest 13F-HR filed 2026-05-14

Backtest portfolio

Nutshell Asset Management Ltd manages $184.1M in 13F-reported U.S. long-equity assets across 35 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (10.36%), MA (8.56%), APH (8.39%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 12 new positions, exited 12, added to 5, and trimmed 15.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM

$184.1M

Long-equity book

Holdings

35

Distinct positions

Period

2026-03-31

Filed 2026-05-14

Q/Q Activity

+12 / −12 / ↑5 / ↓15

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • TRADEWEB MKTS INC$3.0M +57.2%
  • AMPHENOL CORP$1.8M +12.9%
  • INTUIT$1.1M +39.5%
  • MICROSOFT CORP$933.5K +6.9%
  • ADOBE INC$656.4K +5.4%
Show all 5 →

Top Trims

  • SPDR SERIES TRUST-$29.0M -93.5%
  • FORTINET INC-$15.3M -56.6%
  • VISA INC-$10.8M -78.5%
  • ALPHABET INC-$8.6M -72.5%
  • MSCI INC-$7.5M -63.8%
Show all 15 →

New Positions

  • ARISTA NETWORKS INC$10.1M
  • RESMED INC$8.2M
  • FAIR ISAAC CORP$5.5M
  • BROADCOM INC$4.6M
  • QUALYS INC$3.6M
Show all 12 →

Exited Positions

  • PAYPAL HLDGS INC$6.9M
  • ZOETIS INC$6.6M
  • FACTSET RESH SYS INC$3.8M
  • XP INC$3.3M
  • COCA COLA CONS INC$2.9M
Show all 12 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $19.1M 10.36% 109,329 SH
2 MASTERCARD INCORPORATED MA 57636Q104 $15.8M 8.56% 31,543 SH
3 AMPHENOL CORP APH 032095101 $15.4M 8.39% 122,218 SH
4 MICROSOFT CORP MSFT 594918104 $14.4M 7.82% 38,868 SH
5 ADOBE INC ADBE 00724F101 $12.8M 6.97% 52,751 SH
6 FORTINET INC FTNT 34959E109 $11.7M 6.38% 143,781 SH
7 ARISTA NETWORKS INC ANET 040413205 $10.1M 5.49% 82,300 SH
8 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $8.7M 4.73% 25,780 SH
9 TRADEWEB MKTS INC TW 892672106 $8.2M 4.45% 69,619 SH
10 RESMED INC RMD 761152107 $8.2M 4.44% 36,430 SH
11 FAIR ISAAC CORP FICO 303250104 $5.5M 2.99% 5,150 SH
12 BROADCOM INC AVGO 11135F101 $4.6M 2.52% 15,000 SH
13 MSCI INC MSCI 55354G100 $4.3M 2.32% 7,930 SH
14 INTUIT INTU 461202103 $4.0M 2.16% 9,190 SH
15 BOOKING HOLDINGS INC BKNG 09857L108 $4.0M 2.15% 939 SH
16 QUALYS INC QLYS 74758T303 $3.6M 1.94% 40,644 SH
17 AUTOMATIC DATA PROCESSING IN ADP 053015103 $3.3M 1.81% 16,407 SH
18 IDEXX LABS INC IDXX 45168D104 $3.3M 1.80% 5,900 SH
19 ALPHABET INC GOOGL 02079K305 $3.3M 1.77% 11,359 SH
20 VISA INC V 92826C839 $3.0M 1.61% 9,800 SH
21 DOMINOS PIZZA INC DPZ 25754A201 $2.9M 1.56% 8,000 SH
22 ISHARES TR FLOT 46429B655 $2.0M 1.11% 40,026 SH
23 SPDR SERIES TRUST BIL 78468R663 $2.0M 1.10% 22,106 SH
24 ROLLINS INC ROL 775711104 $2.0M 1.07% 37,000 SH
25 INTUIT Call INTU 461202103 $1.5M 0.82% 3,500 SH
26 APPLE INC AAPL 037833100 $1.2M 0.64% 4,676 SH
27 MOODYS CORP MCO 615369105 $1.1M 0.62% 2,630 SH
28 OREILLY AUTOMOTIVE INC ORLY 67103H107 $1.1M 0.60% 11,912 SH
29 AUTOZONE INC AZO 053332102 $1.0M 0.57% 309 SH
30 VERISK ANALYTICS INC VRSK 92345Y106 $1.0M 0.56% 5,400 SH
31 CHECK POINT SOFTWARE TECH LT CHKP M22465104 $1.0M 0.55% 7,144 SH
32 VERISIGN INC VRSN 92343E102 $1.0M 0.55% 4,100 SH
33 INVESCO QQQ TR QQQ 46090E103 $1.0M 0.55% 1,750 SH
34 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.0M 0.55% 2,100 SH
35 VICTORY PORTFOLIOS II VFLO 92647X830 $863.6K 0.47% 21,874 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-14 $184.1M 35 0002021442-26-000004
2025-12-31 2026-02-13 $280.5M 34 0002021442-26-000003
2025-09-30 2025-11-13 $209.6M 26 0002021442-25-000005