Nutshell Asset Management Ltd

13F filer · CIK 0002021442

Reported Aug 12, 2026

Net buyer this quarter

13F portfolio value$300MU.S. long equity reported on 13F

Positions4215 new · 4 closed

Net flow last quarter+$83.7MBuys minus sells

Top 10 positions weight52.8%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 12, 202642 positions
NVDANvidia Corp	$22.9M	7.65%	0.00%	+4.9%	Q4 2024
ADBEAdobe Inc.	$21.8M	7.28%	0.03%	+101.7%	Q4 2024
TSMTaiwan Semiconductor Manufacturing Co Ltd	$19.8M	6.60%	0.00%	+60.7%	Q4 2024
ZTSZoetis Inc.	$18.1M	6.03%	0.06%	Not reported	Q4 2025
MSFTMicrosoft Corp	$13.4M	4.46%	0.00%	-7.7%	Q4 2024
FTNTFortinet, Inc.	$13.3M	4.44%	0.01%	-39.7%	Q4 2024
IDXXIdexx Laboratories Inc	$13.2M	4.41%	0.03%	+325.9%	Q4 2024
APPAppLovin Corp	$13.2M	4.39%	0.01%	New	Q2 2026
INTUIntuit Inc.	$12M	4.00%	0.02%	+399.6%	Q4 2024
ROLRollins Inc	$10.5M	3.51%	0.05%	+580.7%	Q4 2025
APHAmphenol Corp	$10.3M	3.44%	0.00%	-52.1%	Q1 2025
MAMastercard Inc	$9.73M	3.25%	0.00%	-39.9%	Q4 2024
MSCIMSCI Inc.	$9.53M	3.18%	0.02%	+114.5%	Q4 2024
CBOECboe Global Markets, Inc.	$7.29M	2.43%	0.03%	New	Q2 2026
AVGOBroadcom Inc.	$6.38M	2.13%	0.00%	+12.7%	Q1 2025
TWTradeweb Markets Inc.	$4.93M	1.64%	49491.00%	-28.9%	Q1 2025
NFLXNetflix Inc	$4.38M	1.46%	0.00%	New	Q2 2026
QQQInvesco QQQ Trust, Series 1	$4.08M	1.36%	Not reported	+216.7%	Q1 2026
BROBrown & Brown, Inc.	$3.77M	1.26%	0.02%	Not reported	Q4 2024
ORLYO Reilly Automotive Inc	$3.76M	1.26%	0.01%	+243.1%	Q4 2024
BRK.BBerkshire Hathaway Inc	$3.75M	1.25%	Not reported	+257.1%	Q1 2026
AZOAutozone Inc	$3.69M	1.23%	0.01%	+273.5%	Q4 2024
MCOMoodys Corp	$3.59M	1.20%	0.00%	+201.5%	Q1 2026
VRSKVerisk Analytics, Inc.	$3.59M	1.20%	0.02%	+270.4%	Q1 2026
AAPLApple Inc.	$3.58M	1.19%	0.00%	+164.7%	Q1 2026
ACNAccenture plc	$3.58M	1.19%	0.00%	Not reported	Q3 2025
DECKDeckers Outdoor Corp	$3.57M	1.19%	0.03%	Not reported	Q3 2025
DPZDominos Pizza Inc	$3.09M	1.03%	0.03%	+30.3%	Q4 2025
FICOFair Isaac Corp	$3.06M	1.02%	0.01%	-50.3%	Q1 2026
VRSNVerisign Inc	$2.97M	0.99%	0.01%	+187.8%	Q4 2025
ANETArista Networks, Inc.	$2.89M	0.96%	0.00%	-79.3%	Q4 2024
ADPAutomatic Data Processing Inc	$2.82M	0.94%	0.00%	-23.3%	Q2 2025
METAMeta Platforms, Inc.	$2.7M	0.90%	Not reported	Not reported	Q4 2024
MEDPMedpace Holdings, Inc.	$2.65M	0.88%	0.02%	Not reported	Q2 2025
SNDKSandisk Corp	$2.52M	0.84%	0.00%	New	Q2 2026
GOOGLAlphabet Inc.	$2.48M	0.83%	0.00%	-38.8%	Q4 2024
BKNGBooking Holdings Inc.	$2.46M	0.82%	0.00%	-41.3%	Q3 2025
MUMicron Technology Inc	$2.44M	0.82%	0.00%	New	Q2 2026
LITELumentum Holdings Inc.	$2.44M	0.82%	0.00%	New	Q2 2026
WDCWestern Digital Corp	$2.44M	0.82%	0.00%	New	Q2 2026
INTCIntel Corp	$2.44M	0.81%	0.00%	New	Q2 2026
EXLSExlService Holdings, Inc.	$2.35M	0.78%	0.06%	New	Q2 2026
Q1 2026Reported May 14, 202631 positions
NVDANvidia Corp	$19.1M	10.36%	0.00%	-13.0%	Q4 2024
MAMastercard Inc	$15.8M	8.56%	0.00%	+0.6%	Q4 2024
APHAmphenol Corp	$15.4M	8.39%	0.01%	+20.7%	Q1 2025
MSFTMicrosoft Corp	$14.4M	7.82%	0.00%	+39.7%	Q4 2024
ADBEAdobe Inc.	$12.8M	6.97%	0.01%	+51.8%	Q4 2024
FTNTFortinet, Inc.	$11.7M	6.38%	0.02%	-57.8%	Q4 2024
ANETArista Networks, Inc.	$10.1M	5.49%	0.01%	Not reported	Q4 2024
TSMTaiwan Semiconductor Manufacturing Co Ltd	$8.71M	4.73%	0.00%	-32.8%	Q4 2024
TWTradeweb Markets Inc.	$8.19M	4.45%	69619.00%	+43.7%	Q1 2025
RMDResmed Inc	$8.18M	4.44%	0.03%	Not reported	Q4 2024
FICOFair Isaac Corp	$5.5M	2.99%	0.02%	New	Q1 2026
AVGOBroadcom Inc.	$4.64M	2.52%	0.00%	Not reported	Q1 2025
MSCIMSCI Inc.	$4.27M	2.32%	0.01%	-61.5%	Q4 2024
INTUIntuit Inc.	$3.97M	2.16%	0.00%	+113.7%	Q4 2024
BKNGBooking Holdings Inc.	$3.95M	2.15%	0.00%	-25.4%	Q3 2025
QLYSQualys, Inc.	$3.57M	1.94%	0.11%	Not reported	Q4 2024
ADPAutomatic Data Processing Inc	$3.33M	1.81%	0.00%	-35.2%	Q2 2025
IDXXIdexx Laboratories Inc	$3.32M	1.80%	0.01%	Not reported	Q4 2024
GOOGLAlphabet Inc.	$3.27M	1.77%	0.00%	-70.0%	Q4 2024
VVisa Inc.	$2.96M	1.61%	0.00%	-75.1%	Q1 2025
DPZDominos Pizza Inc	$2.87M	1.56%	0.02%	+17.7%	Q4 2025
ROLRollins Inc	$1.98M	1.07%	0.01%	-21.3%	Q4 2025
AAPLApple Inc.	$1.19M	0.64%	0.00%	New	Q1 2026
MCOMoodys Corp	$1.15M	0.62%	0.00%	New	Q1 2026
ORLYO Reilly Automotive Inc	$1.1M	0.60%	0.00%	-80.9%	Q4 2024
AZOAutozone Inc	$1.04M	0.57%	0.00%	-86.0%	Q4 2024
VRSKVerisk Analytics, Inc.	$1.02M	0.56%	0.00%	New	Q1 2026
CHKPCheck Point Software Technologies Ltd	$1.02M	0.55%	0.01%	-76.7%	Q3 2025
VRSNVerisign Inc	$1.02M	0.55%	0.00%	-65.8%	Q4 2025
QQQInvesco QQQ Trust, Series 1	$1.01M	0.55%	Not reported	New	Q1 2026
BRK.BBerkshire Hathaway Inc	$1.01M	0.55%	Not reported	New	Q1 2026
Q4 2025Reported Feb 13, 202632 positions
FTNTFortinet, Inc.	$27.1M	9.65%	0.05%	+43.2%	Q4 2024
NVDANvidia Corp	$23.4M	8.35%	0.00%	+54.5%	Q4 2024
MAMastercard Inc	$17.9M	6.38%	0.00%	-1.8%	Q4 2024
VVisa Inc.	$13.8M	4.91%	0.00%	+126.4%	Q1 2025
APHAmphenol Corp	$13.7M	4.88%	0.01%	Not reported	Q1 2025
MSFTMicrosoft Corp	$13.5M	4.80%	0.00%	+40.7%	Q4 2024
ADBEAdobe Inc.	$12.2M	4.34%	0.01%	-12.6%	Q4 2024
GOOGLAlphabet Inc.	$11.9M	4.23%	0.00%	-23.3%	Q4 2024
MSCIMSCI Inc.	$11.8M	4.21%	0.03%	+32.5%	Q4 2024
TSMTaiwan Semiconductor Manufacturing Co Ltd	$11.7M	4.16%	0.00%	+106.5%	Q4 2024
AZOAutozone Inc	$7.47M	2.66%	0.01%	+199.3%	Q4 2024
PYPLPayPal Holdings, Inc.	$6.93M	2.47%	0.01%	Not reported	Q1 2025
BKNGBooking Holdings Inc.	$6.74M	2.40%	0.00%	+105.2%	Q3 2025
ZTSZoetis Inc.	$6.58M	2.35%	0.01%	New	Q4 2025
ADPAutomatic Data Processing Inc	$6.51M	2.32%	0.01%	-34.8%	Q2 2025
ORLYO Reilly Automotive Inc	$5.69M	2.03%	0.01%	+209.0%	Q4 2024
CHKPCheck Point Software Technologies Ltd	$5.68M	2.03%	0.03%	+240.4%	Q3 2025
TWTradeweb Markets Inc.	$5.21M	1.86%	48457.00%	-46.1%	Q1 2025
FDSFactset Research Systems Inc	$3.77M	1.34%	0.04%	New	Q4 2025
XPXP Inc.	$3.27M	1.17%	Not reported	New	Q4 2025
VRSNVerisign Inc	$2.92M	1.04%	0.01%	New	Q4 2025
COKECoca-Cola Consolidated, Inc.	$2.91M	1.04%	0.03%	New	Q4 2025
MANHManhattan Associates Inc	$2.86M	1.02%	0.03%	New	Q4 2025
INTUIntuit Inc.	$2.85M	1.02%	0.00%	Not reported	Q4 2024
TXNTexas Instruments Inc	$2.85M	1.01%	0.00%	New	Q4 2025
PAYXPaychex Inc	$2.84M	1.01%	0.01%	New	Q4 2025
DPZDominos Pizza Inc	$2.83M	1.01%	0.02%	New	Q4 2025
CALMCal-Maine Foods Inc	$2.82M	1.01%	0.07%	-2.3%	Q3 2025
ROLRollins Inc	$2.82M	1.01%	0.01%	New	Q4 2025
KLACKla Corp	$2.79M	1.00%	0.00%	Not reported	Q4 2024
MTDMettler Toledo International Inc/	$2.79M	0.99%	0.01%	Not reported	Q4 2024
AXPAmerican Express Co	$1.44M	0.51%	0.00%	+62.5%	Q3 2025
Q3 2025Reported Nov 13, 202524 positions
FTNTFortinet, Inc.	$20M	9.54%	0.03%	+82.6%	Q4 2024
MAMastercard Inc	$18.2M	8.67%	0.00%	+107.9%	Q4 2024
NVDANvidia Corp	$15.2M	7.23%	0.00%	+44.5%	Q4 2024
ADBEAdobe Inc.	$14M	6.69%	0.01%	+16.7%	Q4 2024
GOOGLAlphabet Inc.	$12M	5.73%	0.00%	-24.2%	Q4 2024
ADPAutomatic Data Processing Inc	$11.4M	5.43%	0.01%	+417.2%	Q2 2025
MSFTMicrosoft Corp	$10.2M	4.88%	0.00%	+61.8%	Q4 2024
TWTradeweb Markets Inc.	$9.98M	4.76%	89957.00%	+280.3%	Q1 2025
MEDPMedpace Holdings, Inc.	$9.62M	4.59%	0.07%	-54.3%	Q2 2025
MSCIMSCI Inc.	$8.82M	4.21%	0.02%	+1.3%	Q4 2024
VVisa Inc.	$5.92M	2.83%	0.00%	+166.9%	Q1 2025
TSMTaiwan Semiconductor Manufacturing Co Ltd	$5.19M	2.48%	0.00%	-53.7%	Q4 2024
METAMeta Platforms, Inc.	$5.1M	2.43%	Not reported	+98.4%	Q4 2024
CPRTCopart Inc	$4.06M	1.94%	0.01%	+41.1%	Q2 2025
ACNAccenture plc	$3.51M	1.68%	0.00%	New	Q3 2025
FISVFiserv Inc	$3.42M	1.63%	0.00%	+43.2%	Q2 2025
CALMCal-Maine Foods Inc	$3.42M	1.63%	0.07%	New	Q3 2025
BKNGBooking Holdings Inc.	$3.31M	1.58%	0.00%	New	Q3 2025
AZOAutozone Inc	$3.16M	1.51%	0.00%	-64.5%	Q4 2024
JKHYJack Henry & Associates Inc	$2.95M	1.41%	0.03%	New	Q3 2025
ORLYO Reilly Automotive Inc	$2.18M	1.04%	0.00%	-3.8%	Q4 2024
DECKDeckers Outdoor Corp	$2.08M	0.99%	0.01%	New	Q3 2025
CHKPCheck Point Software Technologies Ltd	$1.86M	0.89%	0.01%	New	Q3 2025
AXPAmerican Express Co	$797K	0.38%	0.00%	New	Q3 2025

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