Lunate Capital Ltd
Long book
$120.4M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+54.5%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsLunate Capital Ltd is a diversified fundamental manager, running a $120.4M US long book across 6 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: REVOLUTION MEDICINES INC, SAILPOINT INC, LINEAGE INC, NEUMORA THERAPEUTICS INC, NAVAN INC-CL A.
Over the last 5 quarters its long book ran on average 14.7pp per quarter ahead of the S&P 500, beating the index in 4 of 5 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 2025
+3.6%
Q2 2025
+10.7%
Q3 2025
+30.8%
Q4 2025
+6.2%
Q1 2026
+54.5%
Sector allocation
Healthcare 58%
Technology 42%
Long book by quarter
What does Lunate Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 6 | $120.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 6 | $264.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 20, 2025 | 6 | $220.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 10 | $1.20B | SEC ↗ | |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 6 | $178.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 4 | $171.2M | canonical | SEC ↗ |
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