Lakehouse Capital Pty Ltd
Long book
$148.2M
Q1 2026
Positions
13
Top-10 weight
91%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsLakehouse Capital Pty Ltd is a concentrated fundamental stock-picker, running a $148.2M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MERCADOLIBRE INC, SERVICENOW INC, WORKIVA INC, SEA LTD-ADR, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 5 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
+5.8%
Q2 2024
+7.1%
Q3 2024
+9.4%
Q4 2024
-0.5%
Q1 2025
+16.9%
Q2 2025
+1.8%
Q3 2025
-10.7%
Q4 2025
-18.6%
Q1 2026
+6.7%
Sector allocation
Technology 57%
Services media 29%
Financials 8%
Consumer discretionary 6%
Long book by quarter
What does Lakehouse Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MELI MERCADOLIBRE INC | Services media | 11.8K | $29.8M | 20.1% | Held |
| NOW SERVICENOW INC | Technology | 124.3K | $19.0M | 12.8% | +126.6% |
| WK WORKIVA INC | Technology | 184.1K | $16.0M | 10.8% | +21.1% |
| MSFT MICROSOFT CORP | Technology | 21.8K | $11.8M | 7.9% | +144.4% |
| WDAY WORKDAY INC-CLASS A | Technology | 55.7K | $10.6M | 7.1% | +13.7% |
| GOOG ALPHABET INC-CL C | Technology | 24.8K | $10.4M | 7.0% | +84.5% |
| V VISA INC-CLASS A SHARES | Services media | 19.8K | $8.7M | 5.9% | +50.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 28.5K | $8.7M | 5.9% | -46.7% |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 34.3K | $5.9M | 4.0% | -68.5% |
| PINS PINTEREST INC- CLASS A | Technology | 179.8K | $4.8M | 3.2% | -63.8% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 32.9K | $4.5M | 3.0% | -70.6% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 16.6K | $4.2M | 2.9% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 9, 2026 | 13 | $148.2M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 13 | $138.7M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 19, 2025 | 13 | $247K | SEC ↗ | |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 19, 2025 | 13 | $163.6M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 13 | $163.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 13 | $150.4M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 13 | $148.3M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 13 | $142.1M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 14 | $142.8M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 15 | $128.6M | $K fixed canonical | SEC ↗ |
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