KPS Global Asset Management UK Ltd

Fundamental diversified ★Signal consumer_discretionary specialist (76%) CIK 1799162
Long book
$618.8M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

KPS Global Asset Management UK Ltd is a diversified fundamental manager, specialised in consumer_discretionary (76% of the long book), running a $618.8M US long book across 4 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: CARVANA CO, SERVICENOW INC, SPOTIFY TECHNOLOGY SA, CARDLYTICS INC.

Over the last 9 quarters its long book ran on average 7.6pp 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
+23.7%
Q2 2024
+24.6%
Q3 2024
+17.9%
Q4 2024
+0.6%
Q1 2025
+51.5%
Q2 2025
+5.0%
Q3 2025
+3.6%
Q4 2025
-25.2%
Q1 2026
+7.0%

Sector allocation

Consumer discretionary
76%
Technology
12%
Communications
12%

Long book by quarter

$269.3M
Q1 2024
$336.3M
Q2 2024
$418.8M
Q3 2024
$493.9M
Q4 2024
$497.1M
Q1 2025
$752.9M
Q2 2025
$789.0M
Q3 2025
$817.3M
Q4 2025
$618.8M
Q1 2026

What does KPS Global own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CVNA CARVANA COConsumer discretionary1.5M$471.6M76.2%Held
NOW SERVICENOW INCTechnology700.0K$73.2M11.8%+12.0%
SPOT SPOTIFY TECHNOLOGY SACommunications150.0K$72.7M11.8%Held
CDLX CARDLYTICS INCTechnology1.2M$1.3M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 20264$618.8M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20264$817.3M canonicalSEC ↗
Q3 202513F-HROct 20, 20254$789.0M canonicalSEC ↗
Q2 202513F-HRAug 12, 20254$752.9M canonicalSEC ↗
Q1 202513F-HRMay 13, 20254$497.1M canonicalSEC ↗
Q4 202413F-HRFeb 13, 20254$493.9M canonicalSEC ↗
Q3 202413F-HRNov 13, 20244$418.8M canonicalSEC ↗
Q2 202413F-HRAug 13, 20244$336.3M canonicalSEC ↗
Q1 202413F-HRMay 15, 20244$269.3M canonicalSEC ↗