Quaero Capital S.A.
Reported holdings as of Q2 2025, from 19 quarterly filings.
This filer last reported in Q2 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $3.4M | 14,876 | +0.24pp | 9q | -11.6%-$443.9K | |
| GE VERNOVA INC | GEV | $3.0M | 5,666 | +1.49pp | 4q | +8.6%+$238.1K | |
| ITRON INC | $2.7M | 2,400,000 | +0.45pp | 6q | DEBT | ||
| EATON CORP PLC | ETN | $2.6M | 7,394 | -0.02pp | 6q | -14.0%-$430.2K | |
| BROOKFIELD RENEWABLE CORP | BEPC | $2.4M | 72,501 | +0.09pp | 2q | HELD | |
| LINDE PLC | LIN | $2.2M | 4,677 | -0.35pp | 10q | HELD | |
| NEXTERA ENERGY INC | NEE | $2.2M | 31,498 | -1.78pp | 5q | -29.7%-$922.0K | |
| VERTIV HOLDINGS CO | VRT | $2.2M | 16,781 | +1.13pp | 5q | +10.0%+$196.5K | |
| AMERICAN WTR CAP CORP | $2.0M | 2,000,000 | +0.33pp | 4q | DEBT | ||
| LIBERTY MEDIA CORP DEL | $2.0M | 1,500,000 | +0.78pp | 7q | DEBT | ||
| SOUTHERN CO | $2.0M | 1,800,000 | -0.38pp | 6q | DEBT | ||
| UBER TECHNOLOGIES INC | $2.0M | 1,400,000 | +0.07pp | 3q | DEBT | ||
| TRIP COM GROUP LTD | $2.0M | 1,800,000 | - | new | DEBT | ||
| BENTLEY SYS INC | $2.0M | 2,000,000 | +0.27pp | 14q | DEBT | ||
| ALIBABA GROUP HLDG LTD | $1.9M | 1,500,000 | - | new | DEBT | ||
| TYLER TEX INDPT SCH DIST | $1.8M | 1,500,000 | -0.29pp | 14q | DEBT | ||
| AXON ENTERPRISE INC | $1.8M | 500,000 | +0.60pp | 7q | DEBT | ||
| WESTERN DIGITAL CORP | $1.8M | 1,000,000 | +0.43pp | 3q | DEBT | ||
| DROPBOX INC | $1.7M | 1,700,000 | -0.26pp | 2q | DEBT | ||
| HA SUSTAINABLE INFRA CAP INC | HASI | $1.7M | 62,908 | -0.68pp | 19q | -6.3%-$112.8K | |
| AKAMAI TECHNOLOGIES INC | $1.6M | 1,700,000 | -0.30pp | 19q | DEBT | ||
| WEC ENERGY GROUP INC | $1.6M | 1,400,000 | - | new | DEBT | ||
| TETRA TECH INC NEW | $1.6M | 1,400,000 | +0.21pp | 4q | DEBT | ||
| SHOPIFY INC | $1.5M | 1,500,000 | -0.24pp | 7q | DEBT | ||
| FORD MTR CO DEL | $1.5M | 1,500,000 | -0.24pp | 14q | DEBT | ||
| PARSONS CORP DEL | $1.4M | 1,400,000 | -0.24pp | 2q | DEBT | ||
| HUBBELL INC | HUBB | $1.4M | 3,335 | -0.27pp | 5q | -20.3%-$347.1K | |
| FLUOR CORP | $1.3M | 1,000,000 | +0.14pp | 4q | DEBT | ||
| COINBASE GLOBAL INC | $1.3M | 1,000,000 | - | new | DEBT | ||
| GRANITE CONSTR INC | $1.2M | 1,000,000 | - | new | DEBT | ||
| NEXTPOWER INC | NXT | $1.2M | 22,566 | -0.58pp | 6q | -36.0%-$690.3K | |
| ALARM COM HLDGS INC | $1.2M | 1,200,000 | - | new | DEBT | ||
| PROGRESS SOFTWARE CORP | $1.2M | 1,000,000 | +0.56pp | 2q | DEBT | ||
| MIDDLEBY CORP | $1.1M | 1,000,000 | -0.30pp | 15q | DEBT | ||
| RAPID7 INC | $1.1M | 1,200,000 | -0.13pp | 2q | DEBT | ||
| HAEMONETICS CORP MASS | $994.5K | 1,000,000 | - | new | DEBT | ||
| MKS INC. | $986.6K | 1,000,000 | - | new | DEBT | ||
| MERITAGE HOMES CORP | $973.0K | 1,000,000 | - | new | DEBT | ||
| AIRBNB INC | $963.9K | 1,000,000 | -0.15pp | 6q | DEBT | ||
| GLOBAL PMTS INC | $954.9K | 1,000,000 | -0.16pp | 2q | DEBT | ||
| POST HLDGS INC | $912.8K | 800,000 | -0.22pp | 6q | DEBT | ||
| HALOZYME THERAPEUTICS INC | $910.6K | 800,000 | -0.32pp | 3q | DEBT | ||
| ENTERGY CORP NEW | ETR | $656.6K | 7,899 | -1.06pp | 4q | -48.9%-$627.1K | |
| WASTE CONNECTIONS INC | WCN | $587.4K | 3,146 | -1.53pp | 5q | -61.4%-$935.1K | |
| CHENIERE ENERGY INC | LNG | $582.5K | 2,392 | -1.01pp | 3q | -54.6%-$701.8K | |
| QUANTA SVCS INC | PWR | $558.8K | 1,478 | -0.06pp | 4q | -29.6%-$234.4K | |
| TC ENERGY CORP | TRP | $555.2K | 11,365 | -1.25pp | 3q | -60.8%-$859.8K | |
| KINDER MORGAN INC DEL | KMI | $524.7K | 17,846 | -0.81pp | 2q | -50.7%-$539.1K | |
| CMS ENERGY CORP | CMS | $496.1K | 7,161 | - | new | NEW | |
| ITRON INC | ITRI | $491.0K | 3,730 | +0.27pp | 2q | +62.2%+$188.2K | |
| SEMPRA | SRE | $467.4K | 6,169 | -0.87pp | 12q | -56.9%-$616.5K | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $460.9K | 5,475 | - | new | NEW | |
| TARGA RES CORP | TRGP | $455.4K | 2,616 | -1.01pp | 8q | -52.9%-$511.3K | |
| FERROVIAL NV | FER | $434.2K | 8,143 | -0.57pp | 5q | -53.5%-$499.3K | |
| VISTRA CORP | VST | $423.7K | 2,186 | +0.11pp | 2q | -12.6%-$60.9K | |
| XCEL ENERGY INC | XEL | $400.2K | 5,876 | - | new | NEW | |
| DTE ENERGY CO | DTE | $392.1K | 2,960 | - | new | NEW | |
| GRUPO AEROPORTUARIO DEL SURE | ASR | $331.6K | 1,040 | - | new | NEW | |
| GRUPO AEROPORTUARIO DEL CENT | OMAB | $329.5K | 3,123 | - | new | NEW | |
| NISOURCE INC | NI | $293.2K | 7,267 | - | new | NEW | |
| CLEAN HARBORS INC | CLH | $257.3K | 1,113 | -0.80pp | 5q | -72.2%-$667.4K | |
| SBA COMMUNICATIONS CORP | SBAC | $230.1K | 980 | - | new | NEW | |
| AMERICAN TOWER CORP | AMT | $228.5K | 1,034 | - | new | NEW | |
| NORFOLK SOUTHN CORP | NSC | $227.3K | 888 | - | new | NEW | |
| CANADIAN PACIFIC KANSAS CITY | CP | $222.1K | 2,801 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $11.1M | 13.9% |
| Utilities | $9.0M | 11.3% |
| Industrials | $2.6M | 3.3% |
| Chemicals | $2.2M | 2.7% |
| Energy | $2.1M | 2.7% |
| Holding & Investment | $1.7M | 2.1% |
| Other sectors | $3.1M | 3.8% |
| Not classified | $48.0M | 60.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2025 | $79.8M | 65 | 20 | 9 | 17 | 10 | 30.9% | 37 |
| Q1 2025 | $70.2M | 55 | 11 | 7 | 17 | 10 | 31.4% | 24 |
| Q4 2024 | $78.3M | 54 | 8 | 8 | 18 | 4 | 33.5% | 30 |
| Q3 2024 | $83.2M | 50 | 9 | 10 | 8 | 8 | 39.4% | 15 |
| Q2 2024 | $73.5M | 49 | 7 | 9 | 9 | 5 | 39.2% | 36 |
| Q1 2024 | $64.3M | 47 | 10 | 4 | 14 | 22 | 43.1% | 19 |
| Q4 2023 | $96.5M | 59 | 10 | 9 | 18 | 25 | 39.1% | 26 |
| Q3 2023 | $105.2M | 74 | 10 | 27 | 24 | 17 | 33.6% | 30 |
| Q2 2023 | $130.0M | 81 | 8 | 11 | 21 | 11 | 39.1% | 35 |
| Q1 2023 | $136.9M | 84 | 15 | 20 | 15 | 22 | 42.4% | 25 |
| Q4 2022 | $144.7M | 91 | 27 | 20 | 15 | 10 | 40.6% | 20 |
| Q3 2022 | $127.8M | 74 | 8 | 12 | 7 | 10 | 45.8% | 34 |
| Q2 2022 | $124.6M | 76 | 7 | 0 | 44 | 13 | 43.5% | 35 |
| Q1 2022 | $288.9M | 82 | 31 | 16 | 23 | 15 | 43.7% | 11 |
| Q4 2021 | $288.1M | 66 | 20 | 45 | 0 | 14 | 44.4% | 38 |
| Q3 2021 | $145.8M | 60 | 12 | 20 | 6 | 2 | 44.0% | 20 |
| Q2 2021 | $151.1M | 50 | 9 | 16 | 4 | 11 | 49.7% | 23 |
| Q1 2021 | $143.8M | 52 | 14 | 23 | 8 | 13 | 49.5% | 29 |
| Q4 2020 | $134.1M | 51 | 0 | 0 | 0 | 0 | 50.3% | 42 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.