M & L Capital Management Ltd

Concentrated strategySector-focusedMomentum follower

Total reported value

$406.7M

Reporting period: 2026-03-31 · Number of holdings: 19

M & L Capital Management Ltd disclosed 19 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $406.7M and a quarterly turnover rate of 53.6%.

Personality snowflake

Concentration: 100
Portfolio Stability: 53.61
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 38
Sizing Uniformity: 78.39

Recent moves

Add LITE
+32.9%　$22.1M
Add NVDA
0.0%　-$14.1M
Add AVGO
+31.8%　$8.2M
Add CIEN
+53.7%　$13.2M
Add COHR
+73.3%　$5.0M
Add VRT
+83.0%　$4.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	50.22%	+4.69%	—
2	AVGO	Broadcom INC	Stock-Tech	13.20%	+3.71%	+31.79%
3	LITE	Lumentum Holdings INC	Stock-Tech	8.99%	+5.98%	+32.90%
4	CIEN	Ciena CORP	Stock-Tech	5.32%	+3.55%	+53.74%
5	LRCX	Lam Research CORP	Stock-Tech	4.10%	+4.10%	NEW
6	ANET	Arista Networks INC	Stock-Tech	2.60%	+0.25%	—
7	HOOD	Robinhood Markets INC - A	Stock-Financials	2.31%	-0.89%	—
8	COHR	Coherent CORP	Stock-Tech	2.20%	+1.36%	+73.27%
9	FWONK	Liberty Media Corp-formula-c	Stock-Comm Services	2.17%	+0.03%	—
10	ISRG	Intuitive Surgical INC	Stock-Healthcare	2.01%	-0.08%	—
11	VRT	Vertiv Holdings Co-a	Stock-Industrials	1.66%	+1.16%	+82.99%
12	GEV	GE Vernova INC	Stock-Industrials	1.07%	+1.07%	NEW
13	TKO	Tko Group Holdings INC	Stock-Comm Services	1.00%	+0.38%	+42.11%
14	AVAV	Aerovironment INC	Stock-Industrials	0.94%	+0.47%	+122.34%
15	SITM	Sitime CORP	Stock-Tech	0.83%	+0.83%	NEW
16	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.63%	+0.38%	+130.13%
17	CELH	Celsius Holdings INC	Stock-Consumer Staples	0.47%	-0.04%	—
18	BE	Bloom Energy Corp- A	Stock-Industrials	0.27%	+0.27%	NEW
19	AXON	Axon Enterprise INC	Stock-Industrials	0.02%	+0.02%	NEW

Portfolio Performance

Performance for Q3 2026

-5%

Performance Last 4 Quarters

+13.9%

Stdev: +32.6%
Beta: +1.98
Alpha: +1.2%
Max Drawdown: -14.5%
Annualized Perf: +37.4%
Batting Avg vs S&P: +58.8%
Sortino: +2.5
Stutzer: +0.35
Treynor: +0.19
Sterling: +1.53
Calmar: +2.58
Information Ratio: +0.85
Tracking Error: +22.4%
Stdev Down: +14.8%
Winning Months %: +58.8%
Losing Months %: +41.2%
Best 12 Months: +81.3%
Worst 12 Months: +13.9%
Efficiency Ratio: +0.43
Sharpe: +1.14
Stdev Sectors: +31.7%
Skewness: +0.28
Kurtosis: -1.02
Upside Potential: +4.4

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	19	$406.7M	54	1NVDA 2AVGO 3LITE Top holdings2026-03-31 1.NVDA 2.AVGO 3.LITE 4.CIEN 5.LRCX 6.ANET 7.HOOD 8.COHR 9.FWONK 10.ISRG
2025-12-31	25	$479.6M	23	1NVDA 2MSFT 3AVGO Top holdings2025-12-31 1.NVDA 2.MSFT 3.AVGO 4.SNPS 5.HOOD 6.LITE 7.ROBO 8.ANET 9.DELL 10.FWONK
2025-09-30	25	$501.7M	56	1NVDA 2MSFT 3AVGO Top holdings2025-09-30 1.NVDA 2.MSFT 3.AVGO 4.ANET 5.AMD 6.SNPS 7.HOOD 8.DELL 9.ROBO 10.FWONK
2025-06-30	25	$444.1M	0	1NVDA 2MSFT 3AVGO Top holdings2025-06-30 1.NVDA 2.MSFT 3.AVGO 4.ANET 5.AMD 6.SNPS 7.HOOD 8.CDNS 9.MU 10.DELL
2025-03-31	21	$334.0M	0	1NVDA 2MSFT 3AVGO Top holdings2025-03-31 1.NVDA 2.MSFT 3.AVGO 4.AMD 5.SNPS 6.ANET 7.GOOG 8.MU 9.CDNS 10.ISRG
2024-12-31	24	$410.6M	0	1NVDA 2MSFT 3ANET Top holdings2024-12-31 1.NVDA 2.MSFT 3.ANET 4.AVGO 5.AMD 6.SNPS 7.GOOG 8.MU 9.CDNS 10.ISRG

Holding changes this quarter

M & L Capital Management Ltd's most significant position changes for 2026-03-31: Sold out: Microsoft CORP (MSFT); Sold out: Synopsys INC (SNPS); New buy: Lam Research CORP (LRCX); Sold out: Robo Global Robotics And Aut (ROBO); Sold out: Dell Technologies -c (DELL).

Position changes disclosed by M & L Capital Management Ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	LITE	Lumentum Holdings INC	+6%	+32.90%	Add
2	NVDA	Nvidia CORP	+4.7%	—	Unchanged
3	AVGO	Broadcom INC	+3.7%	+31.79%	Add
4	CIEN	Ciena CORP	+3.6%	+53.74%	Add
5	COHR	Coherent CORP	+1.4%	+73.27%	Add
6	VRT	Vertiv Holdings Co-a	+1.2%	+82.99%	Add
7	AVAV	Aerovironment INC	+0.5%	+122.34%	Add
8	GOOG	Alphabet Inc-cl C	+0.4%	+130.13%	Add
9	TKO	Tko Group Holdings INC	+0.4%	+42.11%	Add
10	ANET	Arista Networks INC	+0.3%	—	Unchanged
11	FWONK	Liberty Media Corp-formula-c	0%	—	Unchanged
12	CELH	Celsius Holdings INC	0%	—	Unchanged
13	ISRG	Intuitive Surgical INC	-0.1%	—	Unchanged
14	HOOD	Robinhood Markets INC - A	-0.9%	—	Unchanged
15	MSFT	Microsoft CORP	—	EXIT	Sold out
16	SNPS	Synopsys INC	—	EXIT	Sold out
17	LRCX	Lam Research CORP	—	NEW	New buy
18	ROBO	Robo Global Robotics And Aut	—	EXIT	Sold out
19	DELL	Dell Technologies -c	—	EXIT	Sold out
20	AMD	Advanced Micro Devices	—	EXIT	Sold out
21	GEV	GE Vernova INC	—	NEW	New buy
22	KRMN	Karman Holdings INC	—	EXIT	Sold out
23	SITM	Sitime CORP	—	NEW	New buy
24	PODD	Insulet CORP	—	EXIT	Sold out
25	XOVR	Ershares Private-public Cros	—	EXIT	Sold out
26	BE	Bloom Energy Corp- A	—	NEW	New buy
27	ICLN	Ishares Global Clean Energy	—	EXIT	Sold out
28	ARKX	Ark Space & Defense Innovati	—	EXIT	Sold out
29	GRND	Grindr INC	—	EXIT	Sold out
30	AXON	Axon Enterprise INC	—	NEW	New buy

FAQ

What is M & L Capital Management Ltd and what type of investor is it?

M & L Capital Management Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $406.7M, spread across 19 disclosed positions.

What are M & L Capital Management Ltd's largest equity positions?

Based on the latest 13F filing, M & L Capital Management Ltd's top holdings by market value are: 1. Nvidia CORP (NVDA) — $204.2M (50.2%) 2. Broadcom INC (AVGO) — $53.7M (13.2%) 3. Lumentum Holdings INC (LITE) — $36.6M (9.0%) 4. Ciena CORP (CIEN) — $21.6M (5.3%) 5. Lam Research CORP (LRCX) — $16.7M (4.1%)

What changes did M & L Capital Management Ltd make in its most recent portfolio filing?

In the latest reported quarter, M & L Capital Management Ltd made 24 notable position adjustments: 5 new positions were initiated, 8 existing holdings were added to, 0 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Microsoft CORP (MSFT); Sold out: Synopsys INC (SNPS); New buy: Lam Research CORP (LRCX); Sold out: Robo Global Robotics And Aut (ROBO); Sold out: Dell Technologies -c (DELL)

What sectors does M & L Capital Management Ltd focus on?

M & L Capital Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 87.5% • Industrials: 4.0% • Communication Services: 3.8% • Financials: 2.3% • Health Care: 2.0% • Consumer Staples: 0.5%