MTCO Ltd.

Fundamental diversified ★Signal consumer_discretionary specialist (79%) CIK 2095669
Long book
$269.3M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-9.7%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

MTCO Ltd. is a diversified fundamental manager, specialised in consumer_discretionary (79% of the long book), running a $269.3M US long book across 2 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: QXO INC, PARAMOUNT SKYDANCE CL B.

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
Q3 2025
-2.2%
Q4 2025
-4.2%
Q1 2026
-9.7%

Sector allocation

Consumer discretionary
79%
Communications
21%

Long book by quarter

$235.0M
Q3 2025
$247.2M
Q4 2025
$269.3M
Q1 2026

What does MTCO Ltd. own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
QXO QXO INCConsumer discretionary10.9M$212.5M78.9%Held
PSKY PARAMOUNT SKYDANCE CL BCommunications6.3M$56.8M21.1%+133.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 20, 20262$269.3M canonicalSEC ↗
Q4 202513F-HRJan 21, 20262$247.2M canonicalSEC ↗
Q3 202513F-HRNov 19, 20252$235.0M canonicalSEC ↗

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