13F Insight
DOSSIER · 13F-HR · Q3 2025

Lodbrok Capital LLP

$77M in tracked AUM across 4 positions as of Q3 2025.

LC
CIK 0001778719 · last filed Sep 30, 2025
Total AUM
$77M
as of Q3 2025
Holdings
4
—
positions
Whale Score
57
57
tracked
Activity
—
no data
changes this Q
AI Analysis · Q3 2025

Based on the SEC 13F filing data provided for Lodbrok Capital LLP as of September 30, 2025, here is a comprehensive financial analysis.

1. Portfolio Overview

Lodbrok Capital LLP manages a highly concentrated, high-conviction portfolio characterized by significant capital deployment and minimal diversification. The total portfolio value surged by 134.7%, rising from $32.88M to $77.17M in a single quarter. This rapid expansion indicates substantial capital inflows or the realizati...

The portfolio is extremely narrow, containing only 4 holdings. The strategy deviates significantly from traditional institutional diversification, with the top two positions constituting approximately 94.74% of the total assets under management (AUM). This structure suggests an investment style focused on high-conviction "stock picking" rather than broad market exposure or risk mitigation through diversification.

2. Key Holdings

The portfolio is dominated by two specific companies, which represent the core of the firm's capital allocation:

Quarter at a glance — Q3 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q3 2025.

#HoldingValueSharesWeight
01
OTLY 9.25 09/14/28
OATLY GROUP AB
$47M51.1M60.6%02
FIVN 1 03/15/29
FIVE9 INC
$26M29.7M34.1%03
SKIL
SKILLSOFT CORP
$4M311K5.3%04
L01800108
ALVOTECH
$5K182K0.0%

Filing history

2025Q3Sep 30
$77M▲ 134.7%
4 positionsView →2025Q2Jun 30
$33M▲ 11.9%
3 positionsLocked2025Q1Mar 31
$29M▼ 8.5%
3 positionsLocked2024Q4Dec 31
$32M▼ 89.5%
3 positionsLocked2024Q3Sep 30
$305M▼ 34.2%
5 positionsLocked2024Q2Jun 30
$463M▲ 26.5%
5 positionsLocked2024Q1Mar 31
$366M▲ 7.5%
5 positionsLocked2023Q4Dec 31
$341M▲ 2.3%
5 positionsLocked2023Q3Sep 30
$333M▲ 4.9%
5 positionsLocked2023Q2Jun 30
$318M▼ 12.2%
6 positionsLocked2023Q1Mar 31
$362M▼ 50.2%
7 positionsLocked2022Q4Dec 31
$727M▲ 84.1%
8 positionsLocked
Showing 12 of 28