MIC Capital Management UK LLP
Long book
$352.5M
Q1 2026
Positions
14
Top-10 weight
97%
concentration
Last quarter
+34.6%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsMIC Capital Management UK LLP is a concentrated fundamental stock-picker, running a $352.5M US long book across 14 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: HAYWARD HOLDINGS INC, REVOLUTION MEDICINES INC, KLARNA GROUP PLC, RECURSION PHARMACEUTICALS-A, RESTAURANT BRANDS INTERN.
Over the last 9 quarters its long book ran on average 3.8pp per quarter behind the S&P 500, beating the index in 3 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
-10.8%
Q2 2024
+11.0%
Q3 2024
-2.2%
Q4 2024
-15.0%
Q1 2025
+6.6%
Q2 2025
+8.2%
Q3 2025
-6.9%
Q4 2025
-19.3%
Q1 2026
+34.6%
Sector allocation
Healthcare 33%
Industrials 27%
Consumer discretionary 16%
Financials 10%
Technology 9%
Services media 5%
Long book by quarter
What does MIC Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HAYW HAYWARD HOLDINGS INC | Industrials | 6.6M | $87.9M | 24.9% | -21.0% |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 795.7K | $77.4M | 22.0% | +56.5% |
| KLAR KLARNA GROUP PLC | Financials | 2.7M | $35.5M | 10.1% | Held |
| RXRX RECURSION PHARMACEUTICALS-A | Healthcare | 9.6M | $29.6M | 8.4% | Held |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 386.2K | $28.5M | 8.1% | Held |
| CPNG COUPANG INC | Consumer discretionary | 1.4M | $26.7M | 7.6% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 33.3K | $19.1M | 5.4% | Held |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 5.0M | $18.3M | 5.2% | Held |
| NMRA NEUMORA THERAPEUTICS INC | Healthcare | 4.5M | $8.7M | 2.5% | Held |
| INSG INSEEGO CORP | Technology | 767.2K | $8.5M | 2.4% | New |
| MNDY MONDAY.COM LTD | Technology | 66.0K | $4.6M | 1.3% | Held |
| ACHR ARCHER AVIATION INC-A | Industrials | 700.0K | $3.6M | 1.0% | Held |
| RKLB ROCKET LAB CORP | Industrials | 35.6K | $2.3M | 0.6% | New |
| LYEL LYELL IMMUNOPHARMA INC | Healthcare | 87.0K | $1.7M | 0.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 18 | $352.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $441.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 13 | $500.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $509.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 17 | $490.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 18 | $706.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 15 | $720.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $460.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 19 | $526.5M | canonical | SEC ↗ |
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