Parvus Asset Management Jersey Ltd

Key Holdings

The sole holding in the portfolio is Flutter Entertainment PLC (FLUT), valued at $817.13 million. The position consists of 3.22 million shares, accounting for 100.00% of the total portfolio. While Flutter remains the firm's only investment, the data shows that Parvus aggressively reduced its exposure to this specific security during the quarter. Despite this reduction, Flutter's continued presence as the lone holding suggests that Parvus maintains a strong fundamental conviction in the company’s long-term growth trajectory, likely viewing it as a mispriced opportunity despite the recent capital reallocation. The decision to hold a single position typically signals that the firm views this specific stock as offering a superior risk-reward profile compared to any other available opportunities in the market.