Cardano Risk Management B.V.
Long book
$10.23B
Q1 2026
Positions
44
Top-10 weight
61%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsCardano Risk Management B.V. is a concentrated fundamental stock-picker, running a $10.23B US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+15.0%
Q2 2024
+1.7%
Q3 2024
+8.5%
Q4 2024
-10.8%
Q1 2025
+14.0%
Q2 2025
+12.5%
Q3 2025
+2.8%
Q4 2025
-8.6%
Q1 2026
+18.3%
Sector allocation
Technology 56%
Consumer discretionary 10%
Industrials 8%
Services media 7%
Financials 7%
Healthcare 6%
Other 2%
Consumer staples 1%
Long book by quarter
What does Cardano Risk own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 8.1M | $1.41B | 13.8% | +3.4% |
| AAPL APPLE INC | Technology | 4.4M | $1.11B | 10.9% | +4.5% |
| MSFT MICROSOFT CORP | Technology | 2.4M | $897.4M | 8.8% | +2.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.9M | $605.5M | 5.9% | +4.3% |
| GOOG ALPHABET INC-CL C | Technology | 1.9M | $530.8M | 5.2% | +4.6% |
| GOOGL ALPHABET INC-CL A | Technology | 1.5M | $443.4M | 4.3% | +6.2% |
| AVGO BROADCOM INC | Technology | 1.3M | $408.5M | 4.0% | +4.0% |
| TSLA TESLA INC | Industrials | 859.5K | $319.5M | 3.1% | +4.8% |
| JPM JPMORGAN CHASE & CO | Financials | 888.1K | $261.2M | 2.6% | +2.4% |
| V VISA INC-CLASS A SHARES | Services media | 799.5K | $241.7M | 2.4% | -2.7% |
| LLY ELI LILLY & CO | Healthcare | 250.8K | $230.7M | 2.3% | +5.6% |
| BKR BAKER HUGHES CO | Industrials | 3.8M | $229.1M | 2.2% | -24.0% |
| MA MASTERCARD INC - A | Services media | 402.7K | $201.2M | 2.0% | -1.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 187.2K | $186.6M | 1.8% | +4.9% |
| NFLX NETFLIX INC | Services media | 1.5M | $142.5M | 1.4% | +9.1% |
| LRCX LAM RESEARCH CORP | Industrials | 652.0K | $139.3M | 1.4% | -3.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 949.8K | $137.2M | 1.3% | -0.2% |
| AMAT APPLIED MATERIALS INC | Technology | 382.3K | $130.7M | 1.3% | New |
| BAC BANK OF AMERICA CORP | Financials | 2.7M | $129.4M | 1.3% | +5.8% |
| ABBV ABBVIE INC | Healthcare | 536.7K | $124.3M | 1.2% | -1.4% |
| MRK MERCK & CO. INC. | Healthcare | 979.7K | $117.8M | 1.2% | +1.8% |
| KO COCA-COLA CO/THE | Consumer staples | 1.5M | $116.9M | 1.1% | +6.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 2.3M | $115.1M | 1.1% | New |
| MU MICRON TECHNOLOGY INC | Technology | 336.9K | $113.8M | 1.1% | New |
| HD HOME DEPOT INC | Consumer discretionary | 345.4K | $113.6M | 1.1% | +5.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 671.6K | $107.3M | 1.0% | New |
| KLAC KLA CORP | Other | 70.7K | $104.1M | 1.0% | New |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 697.6K | $102.0M | 1.0% | +5.9% |
| LIN LINDE PLC | Materials | 204.1K | $101.2M | 1.0% | New |
| GS GOLDMAN SACHS GROUP INC | Financials | 116.0K | $98.1M | 1.0% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 479.6K | $97.6M | 1.0% | +2.6% |
| AMGN AMGEN INC | Healthcare | 274.7K | $96.7M | 0.9% | New |
| MS MORGAN STANLEY | Financials | 554.4K | $91.2M | 0.9% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 20.7K | $87.0M | 0.9% | -5.2% |
| ORCL ORACLE CORP | Technology | 516.0K | $75.9M | 0.7% | +3.4% |
| CRM SALESFORCE INC | Technology | 396.0K | $73.9M | 0.7% | +2.0% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 353.8K | $71.9M | 0.7% | -0.7% |
| SPGI S&P GLOBAL INC | Services media | 166.7K | $70.9M | 0.7% | -5.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 259.1K | $70.1M | 0.7% | +2.7% |
| NOW SERVICENOW INC | Technology | 453.7K | $47.4M | 0.5% | -7.7% |
| FISV FISERV INC | Services media | 219.4K | $12.2M | 0.1% | +1.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 44 | $10.22T | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | May 27, 2026 | 35 | $9.94T | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 35 | $9.94B | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 32 | $9.41T | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 27 | $7.81T | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Jul 24, 2025 | 25 | $6.29T | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 23 | $6.52T | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 19 | $5.65T | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 17 | $5.09B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 13 | $3.22T | $K fixed canonical | SEC ↗ |
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