GUARDCAP ASSET MANAGEMENT Ltd
Long book
$1.75B
Q1 2026
Positions
27
Top-10 weight
81%
concentration
Last quarter
+2.2%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsGUARDCAP ASSET MANAGEMENT Ltd is a concentrated fundamental stock-picker, running a $1.75B US long book across 27 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CME GROUP INC, YUM CHINA HOLDINGS INC, BOOKING HOLDINGS INC, COLGATE-PALMOLIVE CO, MASTERCARD INC - A.
Over the last 9 quarters its long book ran on average 4.6pp per quarter behind the S&P 500, beating the index in 2 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
-2.6%
Q2 2024
+11.7%
Q3 2024
+1.8%
Q4 2024
-2.4%
Q1 2025
+1.8%
Q2 2025
-5.2%
Q3 2025
+2.2%
Q4 2025
-10.6%
Q1 2026
+2.2%
Sector allocation
Financials 29%
Technology 21%
Other 13%
Services media 12%
Consumer discretionary 11%
Industrials 8%
Healthcare 7%
Long book by quarter
What does GUARDCAP ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CME CME GROUP INC | Financials | 925.6K | $272.3M | 15.6% | -50.8% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 3.9M | $192.5M | 11.0% | -47.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 32.3K | $137.5M | 7.9% | -45.5% |
| CL COLGATE-PALMOLIVE CO | Other | 1.6M | $135.0M | 7.7% | -46.6% |
| MA MASTERCARD INC - A | Services media | 264.1K | $132.4M | 7.6% | -45.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 465.2K | $126.8M | 7.3% | -43.9% |
| MSFT MICROSOFT CORP | Technology | 306.6K | $114.7M | 6.6% | -44.8% |
| ILMN ILLUMINA INC | Healthcare | 887.5K | $109.7M | 6.3% | -43.7% |
| MKTX MARKETAXESS HOLDINGS INC | Financials | 643.4K | $106.4M | 6.1% | -44.2% |
| NKE NIKE INC -CL B | Other | 1.7M | $91.8M | 5.3% | -44.1% |
| ADBE ADOBE INC | Technology | 367.8K | $90.2M | 5.2% | -44.5% |
| VRSK VERISK ANALYTICS INC | Technology | 472.9K | $90.0M | 5.2% | -5.4% |
| ACN ACCENTURE PLC-CL A | Services media | 338.7K | $68.1M | 3.9% | -44.1% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 307.1K | $63.0M | 3.6% | -44.9% |
| AOS SMITH (A.O.) CORP | Industrials | 60.6K | $4.1M | 0.2% | Held |
| WAT WATERS CORP | Healthcare | 10.2K | $4.0M | 0.2% | -98.1% |
| MELI MERCADOLIBRE INC | Services media | 700 | $1.2M | 0.1% | -64.4% |
| GLOB GLOBANT SA | Technology | 3.2K | $146K | 0.0% | -76.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 27 | $1.75B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 27 | $3.74B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 27 | $4.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 27 | $5.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 27 | $5.16B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 26 | $6.19B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 27 | $7.35B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 28 | $7.00B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 27 | $8.16B | canonical | SEC ↗ |
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