Sparta 24 Ltd.
Long book
$87.5M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
-6.7%
SPY +14.8%
Turnover
81%
of book per quarter
Strategy in plain words
auto-generated from filingsSparta 24 Ltd. is an institutional manager, specialised in financials (71% of the long book), running a $87.5M US long book across 10 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: UP FINTECH HOLDING LTD - ADR, ISHARES MSCI UAE ETF, FIVERR INTERNATIONAL LTD, LEMONADE INC, PAYPAL HOLDINGS INC.
Over the last 9 quarters its long book ran on average 4.9pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+11.7%
Q3 2024
+35.0%
Q4 2024
+11.7%
Q1 2025
+13.2%
Q2 2025
+4.1%
Q3 2025
+9.3%
Q4 2025
+3.6%
Q1 2026
-6.7%
Sector allocation
Services media 53%
Financials 32%
Technology 11%
Other 4%
Long book by quarter
What does Sparta 24 own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FVRR FIVERR INTERNATIONAL LTD | Services media | 939.1K | $9.4M | 10.8% | New |
| LMND LEMONADE INC | Financials | 105.7K | $6.6M | 7.6% | -37.6% |
| PYPL PAYPAL HOLDINGS INC | Services media | 120.3K | $5.4M | 6.2% | Held |
| DOCS DOXIMITY INC-CLASS A | Technology | 126.3K | $2.9M | 3.4% | New |
| SKWD SKYWARD SPECIALTY INSURANCE | Financials | 32.0K | $1.4M | 1.6% | New |
| ODD ODDITY TECH LTD-CL A | Other | 80.9K | $1.1M | 1.2% | New |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 14.0K | $939K | 1.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 10 | $87.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 9 | $116.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 5 | $109.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 4 | $116.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 4 | $103.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 4 | $80.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 5 | $109.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 13 | $112.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Aug 7, 2024 | 9 | $112.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 9 | $106.3M | SEC ↗ |