Franchise Capital Ltd

Portfolio Overview

Franchise Capital Ltd disclosed 30 positions worth $229.8M in its Form 13F-HR for Q3 2025, led by $NVDA (NVIDIA CORP) at 29.6% of the equity portfolio, followed by $PDD and $TSM. During the quarter the fund opened 8 new positions and exited 2 — including a new stake in $GOOGL. The portfolio is most concentrated in Technology (57.6% of disclosed assets). All figures are sourced directly from Franchise Capital Ltd’s Form 13F-HR filing with the SEC under CIK 1859388.

• 

  NVIDIA CORP

  $NVDA

  85.9#5

  Quality

  $68.1M365,060 sh
• 

  PDD Holdings Inc.

  $PDD

  —

  Quality

  $66.3M501,460 sh
• 

  TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD

  $TSM

  —

  Quality

  $33.4M119,580 sh
• 

  Meta Platforms, Inc.

  $META

  79.6

  Quality

  $17.8M24,300 sh

• LUCKIN COFFEE ADR REP 8 ORD

  —

  Quality

  $16.0M421,321 sh
• 

  Alphabet Inc.

  $GOOGL

  78.1

  Quality

  $6.5M26,500 sh
• 

  Tesla, Inc.

  $TSLA

  53.6

  Quality

  $5.7M12,815 sh
• 

  Broadcom Inc.

  $AVGO

  84.4

  Quality

  $2.7M8,290 sh
• 

  Chagee Holdings Ltd.

  $CHA

  —

  Quality

  $2.6M157,457 sh

• CREDO TECHNOLOGY GROUP HOLDI

  —

  Quality

  $2.4M16,800 sh

Company	Quality	Value	Shares
NVIDIA CORP$NVDA	85.9#5	$68.1M	365,060
PDD Holdings Inc.$PDD	—	$66.3M	501,460
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM	—	$33.4M	119,580
Meta Platforms, Inc.$META	79.6	$17.8M	24,300
LUCKIN COFFEE ADR REP 8 ORD	—	$16.0M	421,321
Alphabet Inc.$GOOGL	78.1	$6.5M	26,500
Tesla, Inc.$TSLA	53.6	$5.7M	12,815
Broadcom Inc.$AVGO	84.4	$2.7M	8,290
Chagee Holdings Ltd.$CHA	—	$2.6M	157,457
CREDO TECHNOLOGY GROUP HOLDI	—	$2.4M	16,800

Showing top 10 of 30 holdings.

Full Holdings — Franchise Capital Ltd (Q3 2025)

All 30 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$NVDA	NVIDIA CORP	$68.1M	29.6%	+0%	85.9
2	$PDD	PDD Holdings Inc.	$66.3M	28.9%	-0%	—
3	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$33.4M	14.5%	+0%	—
4	$META	Meta Platforms, Inc.	$17.8M	7.8%	-26%	79.6
5	—	LUCKIN COFFEE ADR REP 8 ORD	$16.0M	7.0%	+0%	—
6	$GOOGL	Alphabet Inc.	$6.5M	2.8%	NEW	78.1
7	$TSLA	Tesla, Inc.	$5.7M	2.5%	+0%	53.6
8	$AVGO	Broadcom Inc.	$2.7M	1.2%	NEW	84.4
9	$CHA	Chagee Holdings Ltd.	$2.6M	1.1%	+0%	—
10	—	CREDO TECHNOLOGY GROUP HOLDI	$2.4M	1.1%	NEW	—
11	$RBLX	Roblox Corp	$2.1M	0.9%	-0%	60.2
12	$YB	Yuanbao Inc.	$1.3M	0.6%	+0%	—
13	$PLTR	Palantir Technologies Inc.	$857,374	0.4%	NEW	84.5
14	$SE	Sea Ltd	$762,462	0.3%	NEW	—
15	$SHOP	SHOPIFY INC.	$760,735	0.3%	NEW	64.9
16	$IBIT	iShares Bitcoin Trust ETF	$259,545	0.1%	+53%	—
17	$ETHA	iShares Ethereum Trust ETF	$222,146	0.1%	NEW	—
18	$VTR	Ventas, Inc.	$222,008	0.1%	+0%	62.5
19	$DLR	DIGITAL REALTY TRUST, INC.	$219,212	0.1%	+17%	72.8
20	—	PULTE GROUP INC	$216,693	0.1%	+26%	—
21	$EQIX	EQUINIX INC	$209,125	0.1%	+23%	59
22	$HST	HOST HOTELS & RESORTS, INC.	$193,943	0.1%	+0%	67.3
23	$AHR	American Healthcare REIT, Inc.	$183,794	0.1%	+0%	54
24	—	D R HORTON INC	$182,519	0.1%	+72%	—
25	$CRCL	Circle Internet Group, Inc.	$115,345	0.1%	-91%	67.3
26	$WELL	WELLTOWER INC.	$101,362	0.0%	-26%	59.8
27	$BEKE	KE Holdings Inc.	$76,000	0.0%	NEW	—
28	$VICI	VICI PROPERTIES INC.	$74,873	0.0%	+0%	65.8
29	$NVR	NVR INC	$56,243	0.0%	+0%	56.1
30	$IRM	IRON MOUNTAIN INC	$46,383	0.0%	+0%	62.9