Rovida Investment Management Ltd
Long book
$797.3M
Q1 2026
Positions
17
Top-10 weight
93%
concentration
Last quarter
+30.6%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsRovida Investment Management Ltd is a concentrated fundamental stock-picker, running a $797.3M US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NEBIUS GROUP NV, KRATOS DEFENSE & SECURITY, BOEING CO/THE, BANK OF N.T. BUTTERFIELD&SON, NVIDIA CORP.
Over the last 6 quarters its long book ran on average 8.9pp per quarter ahead of the S&P 500, beating the index in 5 of 6 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
Q4 2024
+1.2%
Q1 2025
+23.1%
Q2 2025
+39.9%
Q3 2025
-13.9%
Q4 2025
+0.0%
Q1 2026
+30.6%
Sector allocation
Technology 35%
Industrials 33%
Financials 20%
Materials 7%
Services media 3%
Other 2%
Long book by quarter
What does Rovida Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NBIS NEBIUS GROUP NV | Technology | 1.9M | $196.3M | 24.6% | +3.6% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 1.8M | $125.0M | 15.7% | Held |
| BA BOEING CO/THE | Industrials | 617.0K | $122.8M | 15.4% | Held |
| NTB BANK OF N.T. BUTTERFIELD&SON | Financials | 1.8M | $94.1M | 11.8% | Held |
| NVDA NVIDIA CORP | Technology | 378.9K | $66.0M | 8.3% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 870.0K | $51.1M | 6.4% | New |
| GLXY GALAXY DIGITAL INC-A | Financials | 1.7M | $31.6M | 4.0% | -5.5% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 300.0K | $20.1M | 2.5% | Held |
| ASPI ASP ISOTOPES INC | Other | 4.1M | $18.1M | 2.3% | Held |
| V VISA INC-CLASS A SHARES | Services media | 50.0K | $15.1M | 1.9% | +233.3% |
| AMTM AMENTUM HOLDINGS INC | Services media | 315.0K | $8.2M | 1.0% | New |
| BLSH BULLISH | Financials | 200.0K | $7.2M | 0.9% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 19, 2026 | 17 | $797.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 17 | $734.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 16 | $882.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 17 | $540.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 17 | $333.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 18 | $319.8M | canonical | SEC ↗ |
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