Parvus Asset Management Jersey Ltd Portfolio Holdings

Q3 2025•1 long positions•$817.1M portfolio value

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Flutter Entertainment FLUT	Gambling, Resorts & Casinos Consumer Cyclical	$817.1M 100.0%	-$1.2B Sold	1.81% 3.2M shares	7.8M → 3.2M −$1.2B	-58.8%	$45.0B Large Cap	Q2 2025 Held for 6 months

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Flutter Entertainment FLUT	Gambling, Resorts & Casinos Consumer Cyclical	$817.1M 100.0%	-$1.2B Sold	1.81% 3.2M shares	7.8M → 3.2M −$1.2B	-58.8%	$45.0B Large Cap	Q2 2025 Held for 6 months

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