Vault-13

Lodbrok Capital LLP

LONDON, X0 · CIK 1778719 · 13F filing filed 2025-11-14

Exempt reporting adviser since 2017 · limited liability partnership

As an employer

In the UK

CompanyTownStaffPay gap reportFCA register
LODBROK CAPITAL LLP Limited Liability PartnershipFCA: Authorised · manages investments, manages AIFs, advises, deals London Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$77.2m reported value +134.7% vs Q2 2025
4positions
100.0%in top 10
1 new 2 added 0 reduced 0 sold out vs Q2 2025

Holdings, Q3 2025

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

#SecurityTickerShares Value% of portfolioChangeShares change
1 OATLY GROUP AB NOTE 9.250% 9/1 · principal OTLY 9.25 09.14.28 · principal OTLY 9.25 09.14.28 51,102,774 $46.8m60.62% 60.62% AddedPrincipal held: Q4 2024 35.9m, Q1 2025 35.9m, Q2 2025 37.6m, Q3 2025 51.1m +13.5m +13,499,998 35.9%
2 FIVE9 INC NOTE 1.000% 3/1 · principal FIVN 1 03.15.29 · principal FIVN 1 03.15.29 29,654,000 $26.3m34.12% 34.12% NewPrincipal held: Q4 2024 0, Q1 2025 0, Q2 2025 0, Q3 2025 29.7m
3 SKILLSOFT CORP CL A SKIL SKIL 311,436 $4.1m5.25% 5.25% AddedShares held: Q4 2024 311.3k, Q1 2025 277.2k, Q2 2025 311.3k, Q3 2025 311.4k +91 +91 0.0%
4 ALVOTECH ORDINARY SHARES ALVO ALVO 181,587 $4.9k0.01% 0.01% UnchangedShares held: Q4 2024 181.6k, Q1 2025 156.5k, Q2 2025 181.6k, Q3 2025 181.6k