PSquared Asset Management AG

ZURICH, V8 · CIK 1623624 · 13F filing filed 2026-08-17

Exempt reporting adviser since 2014 · other (specify)

As an employer

$305.4m reported value +6.2% vs Q1 2026

15positions

92.2%in top 10

8 new 3 added 4 reduced 8 sold out vs Q1 2026

Options: 1 call positions ($444.0k notional), 2 put positions ($166.8k notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	2,274,997	$60.7m19.86%	19.86%	Added +611.8k	+611,833 36.8%
2	IHS HOLDING LIMITED ORD SHS IHS	IHS	4,321,436	$35.6m11.66%	11.66%	Reduced -22.4k	-22,351 -0.5%
3	SOLARIS RES INC COM NEW SLSR	SLSR	4,080,050	$34.3m11.24%	11.24%	Reduced -4.3k	-4,265 -0.1%
4	ELECTRONIC ARTS INC COM EA	EA	150,684	$30.9m10.12%	10.12%	New
5	LINDE PLC SHS LIN	LIN	58,580	$30.4m9.95%	9.95%	New
6	NORFOLK SOUTHN CORP COM NSC	NSC	95,704	$30.1m9.86%	9.86%	Reduced -681	-681 -0.7%
7	KIMBERLY-CLARK CORP COM KMB	KMB	150,147	$16.5m5.40%	5.40%	New
8	TXNM ENERGY INC COM TXNM	TXNM	274,400	$15.3m5.03%	5.03%	New
9	REVOLUTION MEDICINES INC COM RVMD	RVMD	80,000	$15.0m4.91%	4.91%	Reduced -58.3k	-58,290 -42.1%
10	ELDORADO GOLD CORP NEW COM EGO	EGO	409,853	$12.8m4.18%	4.18%	New
11	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	3,300,000	$10.4m3.41%	3.41%	New
12	UNIFIRST CORP MASS COM UNF	UNF	22,365	$5.9m1.94%	1.94%	New
13	ABIVAX SA SPONSORED ADS ABVX	ABVX	41,200	$5.5m1.80%	1.80%	Added +25.0k	+25,000 154.3%
14	STRUCTURE THERAPEUTICS INC SPONSORED ADS GPCR	GPCR	37,200	$2.0m0.65%	0.65%	Added +2.2k	+2,200 6.3%
15	QXO INC COM NEW QXO	QXO	48	$8290.00%	0.00%	New

Security	Ticker	Shares held before	Value then
HOLOGIC INC HOLX	HOLX	405,920	$30.7m405.9k shares
CHART INDS INC GTLS	GTLS	117,407	$24.3m117.4k shares
ALLIED GOLD CORP AAUC	AAUC	740,000	$22.9m740.0k shares
AMICUS THERAPEUTICS INC FOLD	FOLD	1,101,228	$15.9m1.1m shares
PENUMBRA INC PEN	PEN	42,785	$14.0m42.8k shares
PROASSURANCE CORP PRA	PRA	368,059	$9.1m368.1k shares
ARCELLX INC ACLX	ACLX	55,251	$6.3m55.3k shares
OLAPLEX HLDGS INC OLPX	OLPX	1,415,716	$2.9m1.4m shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
REVOLUTION MEDICINES INC RVMD · Call	RVMD	Call	600	$444.0k600 shares	New
WARNER BROS DISCOVERY INC WBD · Put	WBD	Put	10,000	$130.0k10.0k shares	New
REVOLUTION MEDICINES INC RVMD · Put	RVMD	Put	700	$36.8k700 shares	New