London & Capital Asset Management Ltd Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$9.7B

Holdings

239

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (239 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP
1,214,325$587.0M6.07%
2
GOOGLALPHABET INC
1,781,404$557.0M5.76%
3
AMZNAMAZON COM INC
2,310,067$533.0M5.52%
4
VVISA INC
1,475,081$517.0M5.35%
5
TMOTHERMO FISHER SCIENTIFIC INC
786,216$455.0M4.71%
6
GEGE AEROSPACE
1,387,050$427.0M4.42%
7
CMECME GROUP INC
1,459,178$398.0M4.12%
8
FERGFERGUSON ENTERPRISES INC
1,774,180$394.0M4.08%
9
IBKRINTERACTIVE BROKERS GROUP IN
5,861,042$377.0M3.90%
10
MRSHMARSH & MCLENNAN COS INC
1,900,000$352.0M3.64%
11
COFCAPITAL ONE FINL CORP
1,416,720$343.0M3.55%
12
IBMINTERNATIONAL BUSINESS MACHS
1,151,229$340.0M3.52%
13
ICEINTERCONTINENTAL EXCHANGE IN
2,081,207$337.0M3.49%
14
SNPSSYNOPSYS INC
715,381$336.0M3.48%
15
TSMTAIWAN SEMICONDUCTOR MFG LTD
1,061,011$322.0M3.33%
16
GEVGE VERNOVA INC
479,659$313.0M3.24%
17
UNHUNITEDHEALTH GROUP INC
938,953$310.0M3.21%
18
YUMCYUM CHINA HLDGS INC
6,278,654$299.0M3.09%
19
AMDADVANCED MICRO DEVICES INC
1,238,549$265.0M2.74%
20
URIUNITED RENTALS INC
275,428$222.0M2.30%
21
GQ9SPDR GOLD TR
329,641$130.0M1.35%
22
SHGSHINHAN FINANCIAL GROUP CO L
2,012,715$107.0M1.11%
23
GOOGALPHABET INC
337,972$106.0M1.10%
24
VMCVULCAN MATLS CO
369,126$105.0M1.09%
25
QCOMQUALCOMM INC
589,882$100.0M1.03%
26
GEHCGE HEALTHCARE TECHNOLOGIES I
1,202,195$98.0M1.01%
27
INTUINTUIT
127,866$84.0M0.87%
28
SLBSLB LIMITED
1,809,388$69.0M0.71%
29
HCAHCA HEALTHCARE INC
143,644$67.0M0.69%
30
NEMNEWMONT CORP
675,504$67.0M0.69%
31
MLB1MERCADOLIBRE INC
32,156$64.0M0.66%
32
GDXVANECK ETF TRUST
654,609$56.0M0.58%
33
WECWEC ENERGY GROUP INC
495,308$52.0M0.54%
34
ORLYOREILLY AUTOMOTIVE INC
508,470$46.0M0.48%
35
AXPAMERICAN EXPRESS CO
123,485$45.0M0.47%
36
ELLAUDER ESTEE COS INC
439,152$45.0M0.47%
37
DHID R HORTON INC
301,809$43.0M0.44%
38
CPCANADIAN PACIFIC KANSAS CITY
589,392$43.0M0.44%
39
LNGCHENIERE ENERGY INC
211,306$41.0M0.42%
40
ZTSZOETIS INC
320,453$40.0M0.41%
41
VALVALARIS LTD
768,475$38.0M0.39%
42
BRK/BBERKSHIRE HATHAWAY INC DEL
65,731$33.0M0.34%
43
AAPLAPPLE INC
110,298$29.0M0.30%
44
SGOLETFS GOLD TR
616,575$25.0M0.26%
45
PWRQUANTA SVCS INC
60,914$25.0M0.26%
46
WPMWHEATON PRECIOUS METALS CORP
184,763$21.0M0.22%
47
AIGAMERICAN INTL GROUP INC
241,022$20.0M0.21%
48
LMBSFIRST TR EXCHANGE-TRADED FD
362,799$18.0M0.19%
49
DGROISHARES TR
260,961$18.0M0.19%
50
CCOCAMECO CORP
185,553$16.0M0.17%
51
HTHTH WORLD GROUP LTD
337,618$15.0M0.16%
52
VOOVANGUARD INDEX FDS
19,269$12.0M0.12%
53
MCHIISHARES TR
188,081$11.0M0.11%
54
PCARPACCAR INC
87,997$9.0M0.09%
55
FPAFIRST TR EXCH TRD ALPHDX FD
226,315$8.0M0.08%
56
ALAIR LEASE CORP
130,591$8.0M0.08%
57
KOCOCA COLA CO
115,104$8.0M0.08%
58
SILJAMPLIFY ETF TR
300,000$8.0M0.08%
59
SPYSPDR S&P 500 ETF TR
9,334$6.0M0.06%
60
TPLTEXAS PACIFIC LAND CORPORATI
21,966$6.0M0.06%
61
MAMASTERCARD INCORPORATED
11,436$6.0M0.06%
62
FTGCFIRST TR EXCHANGE TRAD FD VI
225,945$5.0M0.05%
63
TSLATESLA INC
12,016$5.0M0.05%
64
NVDANVIDIA CORPORATION
30,609$5.0M0.05%
65
FXIISHARES TR
120,818$4.0M0.04%
66
JPMJPMORGAN CHASE & CO.
13,793$4.0M0.04%
67
GRABGRAB HOLDINGS LIMITED
948,000$4.0M0.04%
68
VTVANGUARD INTL EQUITY INDEX F
28,463$4.0M0.04%
69
BKNGBOOKING HOLDINGS INC
912$4.0M0.04%
70
CDNSCADENCE DESIGN SYSTEM INC
10,864$3.0M0.03%
71
UBERUBER TECHNOLOGIES INC
38,978$3.0M0.03%
72
VIGVANGUARD SPECIALIZED FUNDS
14,265$3.0M0.03%
73
VTIVANGUARD INDEX FDS
10,417$3.0M0.03%
74
BABAALIBABA GROUP HLDG LTD
20,515$3.0M0.03%
75
HYGISHARES TR
46,362$3.0M0.03%
76
IVVISHARES TR
5,567$3.0M0.03%
77
VEUVANGUARD INTL EQUITY INDEX F
48,601$3.0M0.03%
78
ISRGINTUITIVE SURGICAL INC
5,704$3.0M0.03%
79
WMWASTE MGMT INC DEL
13,670$3.0M0.03%
80
BACBANK AMERICA CORP
61,198$3.0M0.03%
81
SPGIS&P GLOBAL INC
4,327$2.0M0.02%
82
XOMEXXON MOBIL CORP
24,353$2.0M0.02%
83
NDQINVESCO QQQ TR
3,892$2.0M0.02%
84
METAMETA PLATFORMS INC
4,327$2.0M0.02%
85
CVXCHEVRON CORP NEW
14,134$2.0M0.02%
86
LLYELI LILLY & CO
1,873$2.0M0.02%
87
VVVANGUARD INDEX FDS
7,678$2.0M0.02%
88
VCITVANGUARD SCOTTSDALE FDS
27,568$2.0M0.02%
89
GDXJVANECK ETF TRUST
20,000$2.0M0.02%
90
VUGVANGUARD INDEX FDS
3,424$1.0M0.01%
91
AVGOBROADCOM INC
4,780$1.0M0.01%
92
ALVAUTOLIV INC
14,428$1.0M0.01%
93
DGSWISDOMTREE TR
18,870$1.0M0.01%
94
TMUST-MOBILE US INC
5,892$1.0M0.01%
95
PEPPEPSICO INC
7,760$1.0M0.01%
96
ACWIISHARES TR
9,477$1.0M0.01%
97
WFCWELLS FARGO CO NEW
16,296$1.0M0.01%
98
SHELSHELL PLC
14,776$1.0M0.01%
99
CIFRCIPHER MINING INC
75,000$1.0M0.01%
100
AKOBEMBOTELLADORA ANDINA S A
42,000$1.0M0.01%
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