KRYGER CAPITAL Ltd

LONDON, X0 · CIK 1911807 · 13F filing filed 2026-02-17

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$1.3bn reported value +49.6% vs Q3 2025

50positions

68.2%in top 10

33 new 16 added 1 reduced 15 sold out vs Q3 2025

This report includes the holdings of 1 other manager that shares the investment decisions:

KrygerCapital LLC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2025

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	NORFOLK SOUTHN CORP COM NSC	NSC	491,015	$141.8m10.95%	10.95%	Added +162.1k	+162,052 49.3%
2	CONFLUENT INC CLASS A COM CFLT	CFLT	3,750,000	$113.4m8.76%	8.76%	New
3	EXACT SCIENCES CORP COM EXAS	EXAS	1,009,312	$102.5m7.92%	7.92%	New
4	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	203,327	$90.7m7.01%	7.01%	Added +1.5k	+1,477 0.7%
5	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	2,187,709	$83.3m6.43%	6.43%	Added +32.7k	+32,742 1.5%
6	DAYFORCE INC COM DAY	DAY	1,125,512	$77.8m6.01%	6.01%	New
7	AVIDITY BIOSCIENCES INC COM RNA	RNA	1,045,320	$75.4m5.82%	5.82%	New
8	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		4,904,449	$75.2m5.81%	5.81%	New
9	ELECTRONIC ARTS INC COM EA	EA	302,787	$61.9m4.78%	4.78%	New
10	CHART INDS INC COM GTLS	GTLS	295,380	$60.9m4.71%	4.71%	Added +54.4k	+54,354 22.6%
11	CLEARWATER ANALYTICS HLDGS I CL A CL A		2,468,400	$59.5m4.60%	4.60%	New
12	AIR LEASE CORP CL A AL	AL	860,598	$55.3m4.27%	4.27%	New
13	HOLOGIC INC COM HOLX	HOLX	727,335	$54.2m4.19%	4.19%	New
14	AMICUS THERAPEUTICS INC COM FOLD	FOLD	2,994,400	$42.6m3.29%	3.29%	New
15	CIDARA THERAPEUTICS INC COM NEW CDTX	CDTX	185,313	$40.9m3.16%	3.16%	New
16	ANYWHERE REAL ESTATE INC COM HOUS	HOUS	1,910,543	$27.1m2.09%	2.09%	Added +1.4m	+1,440,543 306.5%
17	BRIGHTHOUSE FINL INC COM BHF	BHF	302,796	$19.6m1.52%	1.52%	Added +277.8k	+277,796 1111.2%
18	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	645,906	$18.6m1.44%	1.44%	New
19	ASTRIA THERAPEUTICS INC COM CATB	CATB	1,025,278	$13.4m1.04%	1.04%	New
20	ACTIVATE ENERGY ACQUISITION UNIT 11/10/2030 AEAQU	AEAQU	1,250,000	$12.5m0.97%	0.97%	New
21	SAPIENS INTL CORP N V SHS SPNS	SPNS	237,032	$10.3m0.80%	0.80%	Added +3.2k	+3,188 1.4%
22	KENVUE INC COM KVUE	KVUE	508,463	$8.8m0.68%	0.68%	New
23	SILICON VY ACQUISITION CORP UNIT 12/08/2030 SVAQU	SVAQU	600,000	$6.0m0.46%	0.46%	New
24	DAEDALUS SPL ACQUISITION COR UNIT 11/10/2030 DSACU	DSACU	500,000	$5.0m0.39%	0.39%	New
25	GENERAL PURP ACQUISITION COR UNIT 12/03/2030 GPACU	GPACU	500,000	$5.0m0.39%	0.39%	New
26	SAFEGUARD ACQUISITION CORP UNIT 99/99/9999 SAC.U	SAC.U	400,000	$4.0m0.31%	0.31%	New
27	LEAPFROG ACQUISITION CORP UNIT 11/10/2030 LFACU	LFACU	325,000	$3.3m0.25%	0.25%	New
28	DRUGS MADE IN AMER ACQUTN CO UNIT 10/15/2029 DMAAU	DMAAU	303,810	$3.0m0.24%	0.24%	Added +3.8k	+3,810 1.3%
29	AMERICAN DRIVE ACQUISITION C UNIT 12/04/2030 ADACU	ADACU	295,000	$2.9m0.23%	0.23%	New
30	BLUEROCK ACQUISITION CORP UNIT 11/06/2030 BLRKU	BLRKU	275,000	$2.8m0.21%	0.21%	New
31	IRON HORSE ACQUISIT CORP II UNIT 07/11/2030 IRHOU	IRHOU	274,443	$2.7m0.21%	0.21%	New
32	SOCIAL COMM PARTNERS CORP UNIT 11/24/2030 SCPQU	SCPQU	200,000	$2.0m0.15%	0.15%	New
33	LAUNCHPAD CADENZA ACQUISITIO UNIT 12/15/2030 LPCVU	LPCVU	200,000	$2.0m0.15%	0.15%	New
34	RIOT PLATFORMS INC COM RIOT	RIOT	120,777	$1.5m0.12%	0.12%	Reduced -129.2k	-129,223 -51.7%
35	ITHAX ACQUISITION CORP III UNIT 11/17/2030 ITHAU	ITHAU	150,000	$1.5m0.12%	0.12%	New
36	MESHFLOW ACQUISITION CORP UNIT 11/19/2030 MESHU	MESHU	125,000	$1.2m0.10%	0.10%	New
37	METSERA INC CVR from 59267L107 RIGHT RIGHT		246,178	$1.2m0.09%	0.09%	New
38	ROCKET COS INC COM CL A RKT	RKT	53,755	$1.0m0.08%	0.08%	New
39	M3-BRIGADE ACQUISITION VI CO UNIT 08/18/2030 MBVIU	MBVIU	76,978	$779.4k0.06%	0.06%	Added +1.0k	+1,002 1.3%
40	UDEMY INC COM UDMY	UDMY	100,000	$585.0k0.05%	0.05%	New
41	FUTURECREST ACQUISITION CORP UNIT 99/99/9999 FCRS.U	FCRS.U	50,660	$518.8k0.04%	0.04%	Added +660	+660 1.3%
42	CANTOR EQUITY PARTNERS II IN CL A ORD SHS CL A ORD SHS		26,179	$294.8k0.02%	0.02%	Added +621	+621 2.4%
43	CANTOR EQUITY PARTNERS IV IN SHS CL A CEPF	CEPF	25,733	$264.5k0.02%	0.02%	Added +384	+384 1.5%
44	TRAILBLAZER ACQUISITION CORP UNIT 08/21/2030 BLZRU	BLZRU	25,437	$260.7k0.02%	0.02%	Added +437	+437 1.8%
45	FIGX CAP ACQUISITION CORP. UNIT 06/17/2030 FIGXU	FIGXU	25,500	$259.6k0.02%	0.02%	Added +331	+331 1.3%
46	CANTOR EQUITY PARTNERS V INC SHS CL A S CEPV	CEPV	25,232	$258.6k0.02%	0.02%	New
47	1RT ACQUISITION CORP. UNIT 06/26/2030 ONCHU	ONCHU	10,134	$105.4k0.01%	0.01%	New
48	OXLEY BRIDGE ACQ LTD UNIT 06/17/2030 OBAWU	OBAWU	10,223	$104.4k0.01%	0.01%	Added +133	+133 1.3%
49	CANTOR EQUITY PARTNERS III I SHS CL A CAEP	CAEP	10,210	$104.1k0.01%	0.01%	Added +170	+170 1.7%
50	HCM III ACQUISITION CORP UNIT 07/23/2030 HCMAU	HCMAU	3,080	$31.7k0.00%	0.00%	New

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
VERONA PHARMA PLC VRNA	VRNA	962,341	$102.7m962.3k shares
MERUS N V MRUS	MRUS	1,053,500	$99.2m1.1m shares
MR COOPER GROUP INC WMIH	WMIH	406,873	$85.8m406.9k shares
MAC COPPER LIMITED MTAL	MTAL	3,660,486	$44.7m3.7m shares
INFORMATICA INC INFA	INFA	1,627,159	$40.4m1.6m shares
89BIO INC ETNB	ETNB	2,350,000	$34.5m2.4m shares
INTEGRAL AD SCIENCE HLDNG CO IAS	IAS	3,000,000	$30.5m3.0m shares
SKECHERS U S A INC SKX	SKX	272,806	$17.2m272.8k shares
STAAR SURGICAL CO STAA	STAA	623,937	$16.8m623.9k shares
OMNICOM GROUP INC OMC	OMC	173,056	$14.1m173.1k shares
HANESBRANDS INC HBI	HBI	1,524,345	$10.0m1.5m shares
KELLANOVA K	K	100,560	$8.2m100.6k shares
AVIDXCHANGE HOLDINGS INC AVDX	AVDX	755,250	$7.5m755.2k shares
CHURCHILL CAP CORP X INFQ	INFQ	103,823	$1.3m103.8k shares
TRIPADVISOR INC TRIP	TRIP	50,000	$813.0k50.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ACTIVATE ENERGY ACQUISITION AEAQU · 13G · filed 2026-02-17	AEAQU	6.0%≈ $12.7m	new	13G	2026-02-17