Kedalion Capital Management LLP
Long book
$3.35B
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsKedalion Capital Management LLP is a wealth-management firm allocating client money, running a $3.35B US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF.
Over the last 6 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-4.6%
Q1 2025
+10.9%
Q2 2025
+8.3%
Q3 2025
+2.0%
Q4 2025
-4.4%
Q1 2026
+14.9%
Sector allocation
No sector data
Long book by quarter
What does Kedalion Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 3 | $3.48B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 3 | $4.07B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 5 | $2.66B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 3 | $2.57B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 3 | $2.50B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 5 | $2.47B | canonical | SEC ↗ |