KADENSA CAPITAL Ltd

Fundamental concentrated ★Signal CIK 1720980
League rank
#226
in Fundamental concentrated · #396 overall
Long book
$718.5M
Q1 2026
Positions
39
Top-10 weight
53%
concentration
Last quarter
+23.0%
SPY +14.8%
Turnover
45%
of book per quarter

Strategy in plain words

auto-generated from filings

KADENSA CAPITAL Ltd is a concentrated fundamental stock-picker, running a $718.5M US long book across 39 positions.

The portfolio is concentrated: the top 10 names carry 53% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, TAIWAN SEMICONDUCTOR-SP ADR, TESLA INC, GENERAL ELECTRIC, ALIBABA GROUP HOLDING-SP ADR.

Over the last 9 quarters its long book ran on average 2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.4%
Q2 2024
+0.2%
Q3 2024
+5.2%
Q4 2024
-2.5%
Q1 2025
+24.5%
Q2 2025
+13.2%
Q3 2025
-4.1%
Q4 2025
-5.3%
Q1 2026
+23.0%

Sector allocation

Technology
56%
Industrials
36%
Financials
6%
Materials
2%

Long book by quarter

$368.3M
Q1 2024
$424.1M
Q2 2024
$382.0M
Q3 2024
$823.8M
Q4 2024
$806.1M
Q1 2025
$628.1M
Q2 2025
$971.1M
Q3 2025
$963.0M
Q4 2025
$718.5M
Q1 2026

What does KADENSA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology494.4K$86.2M12.0%-5.3%
TSLA TESLA INCIndustrials135.0K$50.2M7.0%+0.1%
GE GENERAL ELECTRICIndustrials152.5K$43.3M6.0%-3.5%
JCI JOHNSON CONTROLS INTERNATIONIndustrials241.6K$31.6M4.4%+10.6%
ORCL ORACLE CORPTechnology140.9K$20.7M2.9%+22.6%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology140.8K$20.6M2.9%+7.5%
HOOD ROBINHOOD MARKETS INC - AFinancials285.0K$19.8M2.7%+48.5%
MSFT MICROSOFT CORPTechnology51.8K$19.2M2.7%+6.8%
AMD ADVANCED MICRO DEVICESTechnology93.1K$18.9M2.6%New
META META PLATFORMS INC-CLASS ATechnology32.8K$18.7M2.6%-1.8%
RBLX ROBLOX CORP -CLASS ATechnology312.0K$17.6M2.5%+14.2%
GLW CORNING INCIndustrials129.5K$17.6M2.5%New
TEM TEMPUS AI INC-CL ATechnology370.9K$16.8M2.3%+1.6%
FLEX FLEX LTDTechnology250.0K$16.4M2.3%-30.1%
GEV GE VERNOVA INCIndustrials18.4K$16.1M2.2%-48.3%
TER TERADYNE INCTechnology54.2K$16.1M2.2%New
PWR QUANTA SERVICES INCIndustrials27.9K$15.3M2.1%-64.6%
UPST UPSTART HOLDINGS INCFinancials589.9K$15.1M2.1%+13.2%
FORM FORMFACTOR INCTechnology147.9K$14.3M2.0%New
ALAB ASTERA LABS INCTechnology116.7K$12.8M1.8%-5.1%
HWM HOWMET AEROSPACE INCIndustrials53.9K$12.4M1.7%-36.5%
APP APPLOVIN CORP-CLASS ATechnology29.8K$11.9M1.7%New
ALB ALBEMARLE CORPMaterials52.8K$9.5M1.3%New
AVAV AEROVIRONMENT INCIndustrials43.9K$8.0M1.1%-28.0%
LITE LUMENTUM HOLDINGS INCTechnology10.9K$7.7M1.1%-51.1%
NET CLOUDFLARE INC - CLASS ATechnology37.0K$7.6M1.1%New
MMYT MAKEMYTRIP LTDIndustrials187.2K$7.0M1.0%+8.0%
TTMI TTM TECHNOLOGIESTechnology69.9K$6.8M0.9%-64.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202639$718.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202643$963.0M canonicalSEC ↗
Q3 202513F-HRNov 14, 202549$971.1M canonicalSEC ↗
Q2 202513F-HRAug 14, 202546$628.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202557$806.1M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202551$823.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202432$382.0M canonicalSEC ↗
Q2 202413F-HRAug 14, 202438$424.1M canonicalSEC ↗
Q1 202413F-HRMay 15, 202438$368.3M canonicalSEC ↗

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