Apeiron Capital Ltd
Apeiron Capital Ltd reported 7 US-listed holdings worth $73.7 million in its 13F for the quarter ended 30 September 2026, filed 4 November 2026. Its largest: On Holding AG (38.3%), Qifu Technology Inc. (19.9%) and Western Digital Corp. (15.6%). Against the quarter before, it opened 0 positions, added to 2, trimmed 2 and sold out of 7.
The 7 largest of its 7 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -26.6% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Added to 2
- Western Digital Corp. WDC+5,000 shares · +38%
- Taiwan Semiconductor Manufacturing Company Limited TSM+4,300 shares · +24%
Trimmed 2
- Nektar Therapeutics NKTR-55,031 shares · -52%
- Trip.com Group Limited TCOM-61,064 shares · -87%
Sold out of 7
- Direxion SHS ETF Trust MUU$35.7 million last quarter
- Abivax SA ABVX$17.4 million last quarter
- Summit Therapeutics Inc. SMMT$14.0 million last quarter
- Nokia Corporation NOK$5.0 million last quarter
- Sandisk Corp. SNDK$3.6 million last quarter
- Lumentum Holdings Inc. LITE$3.0 million last quarter
- Poet Technologies Inc. POET$1.5 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| On Holding AG ONON | 795.9K | $28.2 million | 38.27% | no change |
| Qifu Technology Inc. QFIN | 976.2K | $14.6 million | 19.86% | no change |
| Western Digital Corp. WDC | 18.0K | $11.5 million | 15.60% | +5.0K |
| Taiwan Semiconductor Manufacturing Company Limited TSM | 22.2K | $10.6 million | 14.36% | +4.3K |
| Seagate Technology Holdings plc STX | 5.0K | $4.8 million | 6.55% | no change |
| Nektar Therapeutics NKTR | 51.4K | $3.6 million | 4.87% | -55.0K |
| Trip.com Group Limited TCOM | 8.9K | $356,010 | 0.48% | -61.1K |