Nekton Capital
LONDON, X0files as Nekton Capital Ltd.
$49m in 18 US stocks at the end of 30 September 2025. The top 10 are 77.0% of the money. It changed about 49.9% of the portfolio this quarter.
Value
$49m
Stocks
18
Top 10 share
77.0%
Turnover
49.9%
What changed this quarter
New
Bought for the first time this quarter.
- MedtronicMDT10.4% of the fund
- Electronic ArtsEA6.5% of the fund
- Rexford Industrial RealtyREXR4.9% of the fund
- DanaherDHR4.9% of the fund
- HDFC BankHDB4.8% of the fund
- Cooper CompaniesCOO3.5% of the fund
- Vanguard Index FDSVNQ3.3% of the fund
- Independence Realty TrustIRT3.1% of the fund
- Invitation HomesINVH2.3% of the fund
- Rio TintoRIO1.8% of the fund
Added
Bought more of a stock they already held.
- PrologisPLD11.3% of the fund+9%
- UDRUDR10.0% of the fund+46%
Cut
Sold some of their stake.
- Union PacificUNP9.8% of the fund-16%
- Estee Lauder CompaniesEL8.8% of the fund-26%
- Teck ResourcesTECK5.5% of the fund-58%
- AlconALC4.1% of the fund-25%
- PinterestPINS2.8% of the fund-14%
Sold out
Sold their entire stake.
- Hess-100%
- Vanguard Scottsdale FDSVGLT-100%
- UBS Group AGUBS-100%
- Toll BrothersTOL-100%
- Meritage HomesMTH-100%
Holdings
- Electronic ArtsEA
- Share
- 6.5%
- Value
- $3m
- Shares
- 15,954
New
- Teck ResourcesTECK
- Share
- 5.5%
- Value
- $3m
- Shares
- 62,315
-58%
- Vanguard Index FDSVNQ
- Share
- 3.3%
- Value
- $2m
- Shares
- 17,957
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| PrologisPLD | 11.3% | $6m | 48,517 | +9% |
| MedtronicMDT | 10.4% | $5m | 54,000 | New |
| UDRUDR | 10.0% | $5m | 132,565 | +46% |
| Union PacificUNP | 9.8% | $5m | 20,482 | -16% |
| Estee Lauder CompaniesEL | 8.8% | $4m | 49,507 | -26% |
| Electronic ArtsEA | 6.5% | $3m | 15,954 | New |
| Teck ResourcesTECK | 5.5% | $3m | 62,315 | -58% |
| Rexford Industrial RealtyREXR | 4.9% | $2m | 59,333 | New |
| DanaherDHR | 4.9% | $2m | 12,127 | New |
| HDFC BankHDB | 4.8% | $2m | 69,263 | New |
| AlconALC | 4.1% | $2m | 27,352 | -25% |
| Cooper CompaniesCOO | 3.5% | $2m | 25,000 | New |
| Vanguard Index FDSVNQ | 3.3% | $2m | 17,957 | New |
| Independence Realty TrustIRT | 3.1% | $2m | 93,225 | New |
| PinterestPINS | 2.8% | $1m | 42,273 | -14% |
| Invitation HomesINVH | 2.3% | $1m | 39,285 | New |
| Smurfit WestrockSW | 2.1% | $1m | 24,146 | Held |
| Rio TintoRIO | 1.8% | $907,505 | 13,748 | New |
Over time and by industry
Value over time
Sep '25
Value is up 0.1% since 30 June 2025.
Where the money is
Real estate31.6%
Health care22.9%
Industrials9.8%
Materials9.5%
Everyday goods8.8%
Technology6.5%
Financial services4.8%
Media & telecom2.8%
Other3.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.