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Livermore
Livermore
ZHEN

Ownership Capital B.V.

SEC CIK
0001656735
Latest filing
Nov 3, 2025

The latest 13F from Ownership Capital B.V. covers Q3 2025 (filed Nov 3, 2025): 21 long positions worth $177.7M. The top 10 holdings make up 64.9% of the portfolio, and the largest is Mastercard Inc (MA) at 8.6%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 2025: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$2.77M
Added
0
Reduced
20
Est. −$1.40B
Sold out
1
Est. −$133.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. MAMastercard Inc
    8.6%$15.3MHistory
  2. EWEdwards Lifesciences Corp
    8.4%$14.9MHistory
  3. PTCPTC Inc.
    7.5%$13.4MHistory
  4. WDAYWorkday, Inc.
    7.0%$12.4MHistory
  5. INTUIntuit Inc.
    6.9%$12.3MHistory

Share of portfolio

Top 5 holdings and the other 16 positions, by share of portfolio value

  1. MA8.6%
  2. EW8.4%
  3. PTC7.5%
  4. WDAY7.0%
  5. INTU6.9%
  6. Other 16 positions61.6%

Biggest buys

New and added positions, by estimated amount bought

  1. SPOTSpotify Technology S.A.
    +$2.77MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SPOTSpotify Technology S.A.
    +1.56 pp0.0% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ANSSAnsys Inc
    −$133.7MSold outHistory
  2. MAMastercard Inc
    −$127.6MReducedHistory
  3. EWEdwards Lifesciences Corp
    −$124.0MReducedHistory
  4. PTCPTC Inc.
    −$111.9MReducedHistory
  5. WDAYWorkday, Inc.
    −$103.7MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ANSSAnsys Inc
    −7.77 pp7.8% → 0.0%History
  2. TWTradeweb Markets Inc.
    −0.95 pp4.4% → 3.5%History
  3. INTUIntuit Inc.
    −0.79 pp7.7% → 6.9%History
  4. TYLTyler Technologies Inc
    −0.30 pp3.5% → 3.2%History
  5. ADBEAdobe Inc.
    −0.27 pp5.0% → 4.7%History

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$177.7M
−$1.54B (−89.7%) vs. prior quarter
Positions
21
0 vs. prior quarter
Top 10 concentration
64.9%
Top 10 as share of value
Turnover
0.3%
Q3 2025, one quarter
Average holding period
15.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $9.24B (Q4 2021)

Q1 2021: $7.69BQ2 2021: $8.60BQ3 2021: $8.83BQ4 2021: $9.24BQ1 2022: $7.57BQ2 2022: $5.82BQ3 2022: $5.17BQ4 2022: $5.10BQ1 2023: $5.68BQ2 2023: $5.71BQ3 2023: $3.99BQ4 2023: $4.48BQ1 2024: $4.37BQ2 2024: $3.70BQ3 2024: $3.13BQ4 2024: $2.72BQ1 2025: $2.18BQ2 2025: $1.72BQ3 2025: $177.7M
Q1 2021Q3 2025
13F filings of Ownership Capital B.V. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Nov 3, 202521$177.7MMAEWPTCvs. Q2 2025SEC
Q2 2025Aug 4, 202521$1.72BMAEWANSSvs. Q1 2025SEC
Q1 2025May 1, 202522$2.18BMAEWANSSvs. Q4 2024SEC
Q4 2024Feb 3, 202522$2.72BMAEWANSSvs. Q3 2024SEC
Q3 2024Nov 4, 202423$3.13BMAINTUANSSvs. Q2 2024SEC
Q2 2024Aug 5, 202422$3.70BINTUMAEWvs. Q1 2024SEC
Q1 2024May 2, 202421$4.37BINTUANSSMAvs. Q4 2023SEC
Q4 2023Feb 5, 202421$4.48BANSSINTUWDAYvs. Q3 2023SEC
Q3 2023Nov 3, 202319$3.99BINTUANSSMAvs. Q2 2023SEC
Q2 2023Aug 2, 202320$5.71BANSSINTUWDAYvs. Q1 2023SEC
Q1 2023May 9, 202320$5.68BANSSINTUMKTXvs. Q4 2022SEC
Q4 2022Feb 7, 202320$5.10BINTUMAANSSvs. Q3 2022SEC
Q3 2022Oct 11, 202223$5.17BINTUEWCSGPvs. Q2 2022SEC
Q2 2022Aug 10, 202223$5.82BINTUMAEWvs. Q1 2022SEC
Q1 2022Apr 25, 202225$7.57BMAEWTWvs. Q4 2021SEC
Q4 2021Feb 1, 202224$9.24BINTUMATWvs. Q3 2021SEC
Q3 2021Nov 8, 202124$8.83BINTUMAEWvs. Q2 2021SEC
Q2 2021Aug 9, 202123$8.60BMAMKTXINTUvs. Q1 2021SEC
Q1 2021May 11, 202121$7.69BMAMKTXANSS–SEC

13D and 13G filings

Companies where Ownership Capital B.V. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Ownership Capital B.V. does not currently report owning 5% or more of any company.

Latest filings

3 filings on file made by Ownership Capital B.V. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Ownership Capital B.V.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TWTradeweb Markets Inc.Feb 13, 202313G/AOld format–––SEC
TWTradeweb Markets Inc.Feb 2, 202213G/AOld format–––SEC
TWTradeweb Markets Inc.Jun 8, 202113GOld format–New–SEC