Artemis Investment Management LLP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Artemis Investment Management LLP reported 191 stock positions worth $7.8 billion. Its top holding was Nvidia (NVDA) at 4.7% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Amazon.com (AMZN, 2.7%). Compared with Q1 2025, it opened 35 new positions, sold out of 38, added to 64 and reduced 81. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale International Paper (IP, shares −85%).

Most Recent 13F
Q2 2026
Location
EDINBURGH, X0
CIK
0001535385
Portfolio Value
$7.8B (Q2 2025)
SEC Filing
0001535385-25-000003 ↗ filed Aug 11, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $7.7B Q1 2024 Q2 2024: $7.4B Q2 2024 Q3 2024: $6.5B Q3 2024 Q4 2024: $7.0B Q4 2024 Q1 2025: $6.5B Q1 2025 Q2 2025: $7.8B $7.8B Q2 2025 Q3 2025: $8.0B Q3 2025 Q4 2025: $8.3B Q4 2025 Q1 2026: $9.4B Q1 2026 Q2 2026: $11.2B Q2 2026

Holdings 191 stocks · $7.8B
NVDA Nvidia Corp. 4.69% 2,304,976 $364.2M Add +16.0%
MSFT Microsoft Corp. 4.02% 628,042 $312.4M Add +23.7%
AMZN Amazon.com Inc. 2.69% 952,432 $209.0M Add +2.4%
META Meta Platforms Inc. Class A 2.37% 249,693 $184.3M Add +10.7%
TXN Texas Instruments Inc. 2.32% 868,376 $180.3M New
COF Capital One Financial Corp. 2.25% 820,363 $174.5M Add +84.5%
SPG Simon Property Group Inc. 2.21% 1,070,161 $172.0M Add +130.0%
WFC Wells Fargo & Co. 2.00% 1,935,746 $155.1M Add +11.0%
GOOGL Alphabet Inc. Class A 1.76% 776,344 $136.8M Add +76.2%
FLUT Flutter Entertainment PLC-Di 1.69% 463,125 $131.7M Reduce -7.1%
ABBV Abbvie Inc. 1.62% 678,596 $126.0M Add +19.7%
FIX Comfort Systems USA Inc. 1.55% 225,330 $120.8M Reduce -9.2%
C Citigroup Inc. 1.30% 1,190,980 $101.4M Add +42.5%
CNM Core & Main Inc. Class A 1.29% 1,660,666 $100.2M Reduce -7.3%
KGC Kinross Gold Corp. 1.26% 6,274,740 $98.1M Reduce -8.8%
AVGO Broadcom Inc. 1.20% 336,985 $92.9M Add +56.4%
CR Crane Co. 1.11% 455,756 $86.5M Add +270.7%
HESM Hess Midstream LP Class A 1.06% 2,132,543 $82.1M Add +8.3%
RYAAY Ryanair Holdings PLC-SP ADR 1.05% 1,415,846 $81.7M Add +10.1%
PH Parker Hannifin Corp. 1.01% 112,181 $78.4M Reduce -10.5%
JLL Jones Lang Lasalle Inc. 0.99% 301,727 $77.2M Add +11.3%
ROAD Construction Partners Inc. Class A 0.97% 711,633 $75.6M Add +2.3%
CCL Carnival Corp. 0.96% 2,652,355 $74.6M New
HES Hess Corp. 0.93% 522,277 $72.4M New
PLNT Planet Fitness Inc. Class A 0.92% 653,131 $71.2M Reduce -2.7%
JEF Jefferies Financial Group Inc. 0.91% 1,292,186 $70.7M Add +187.1%
STX Seagate Technology Holdings 0.88% 471,961 $68.1M New
SGI Somnigroup International Inc. 0.87% 998,472 $67.9M Reduce -31.6%
SYK Stryker Corp. 0.87% 171,064 $67.7M Reduce -6.0%
LRCX Lam Research Corp. 0.87% 692,081 $67.4M Add +108.7%
GS Goldman Sachs Group Inc. 0.86% 94,002 $66.5M Add +29.3%
DB Deutsche Bank AG-Registered 0.84% 2,211,023 $65.6M New
TDG Transdigm Group Inc. 0.84% 42,903 $65.2M New
MIR Mirion Technologies Inc. 0.84% 3,028,968 $65.2M Add +1.0%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.79% 4,457,954 $61.2M Add +74.3%
BE Bloom Energy Corp. Class A 0.78% 2,540,928 $60.8M Add +97.5%
KO The Coca-Cola Co. 0.77% 849,235 $60.1M Reduce -47.9%
KFY Korn Ferry 0.77% 818,063 $60.0M Add +31.8%
FCX Freeport-McMoran Inc. 0.77% 1,381,408 $59.9M Add +769.1%
PAGP Plains GP Holdings LP 0.77% 3,066,462 $59.6M New
PNFP Pinnacle Financial Partners 0.75% 527,842 $58.3M Reduce -2.1%
CTVA Corteva Inc. 0.74% 776,731 $57.9M Reduce -29.0%
ALL Allstate Corp. 0.74% 286,895 $57.8M Reduce -49.4%
LLY Eli Lilly & Co. 0.72% 72,097 $56.2M Reduce -4.0%
ETN Eaton Corp. PLC 0.72% 157,110 $56.1M Reduce -40.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.72% 519,811 $56.1M Reduce -11.1%
FLR Fluor Corp. 0.71% 1,076,940 $55.2M Reduce -9.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.71% 602,164 $54.9M New
WDC Western Digital Corp. 0.70% 855,948 $54.8M Add +2.5%
AXON Axon Enterprise Inc. 0.70% 65,683 $54.4M Reduce -56.3%
MA Mastercard Inc. Class A 0.69% 95,844 $53.9M Add +103.2%
BURL Burlington Stores Inc. 0.68% 228,207 $53.1M Reduce -55.7%
PRIM Primoris Services Corp. 0.66% 656,090 $51.1M New
CEG Constellation Energy 0.65% 156,308 $50.4M Add +7.1%
FR First Industrial Realty TR 0.65% 1,044,938 $50.3M Add +39.9%
PLMR Palomar Holdings Inc. 0.64% 321,185 $49.5M Reduce -39.7%
AAPL Apple Inc. 0.62% 235,564 $48.3M Add +3.3%
AFRM Affirm Holdings Inc. 0.62% 696,472 $48.2M New
BOOT Boot Barn Holdings Inc. 0.61% 309,809 $47.1M Reduce -57.8%
NVT Nvent Electric PLC 0.59% 621,279 $45.5M Reduce -41.7%
LYV Live Nation Entertainment Inc. 0.58% 299,750 $45.3M New
EMBJ Embraer SA-Spon ADR 0.58% 795,607 $45.3M Add +35.2%
TLN Talen Energy Corp. 0.57% 151,228 $44.0M New
HLT Hilton Worldwide Holdings Inc. 0.56% 162,162 $43.2M Reduce -0.7%
AEM Agnico Eagle Mines Ltd. 0.55% 356,475 $42.5M New
GM General Motors Co. 0.54% 850,924 $41.9M Reduce -60.3%
GMED Globus Medical Inc. Class A 0.54% 705,097 $41.6M Reduce -2.1%
FWONK Liberty Media Corp. Class C 0.52% 387,745 $40.5M Reduce -17.3%
ALGN Align Technology Inc. 0.52% 213,660 $40.5M New
NI Nisource Inc. 0.52% 1,001,162 $40.4M Reduce -31.0%
CBZ Cbiz Inc. 0.52% 561,381 $40.3M Reduce -11.2%
DGX Quest Diagnostics Inc. 0.52% 223,448 $40.1M New
CNP Centerpoint Energy Inc. 0.51% 1,069,255 $39.3M Reduce -17.2%
MTB M & T Bank Corp. filed as M & T BK CORP 0.50% 201,704 $39.1M New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 0.50% 892,063 $38.7M Add +49.1%
DHR Danaher Corp. 0.48% 190,198 $37.6M Add +194.8%
LPLA LPL Financial Holdings Inc. 0.48% 99,125 $37.2M Reduce -13.6%
BAP Credicorp Ltd. 0.47% 163,401 $36.5M Add +66.6%
EBAY eBay Inc. 0.47% 488,804 $36.4M New
USFD US Foods Holding Corp. 0.45% 454,435 $35.0M Reduce -2.5%
FISV Fiserv Inc. 0.44% 200,410 $34.6M Reduce -37.0%
PGR Progressive Corp. 0.42% 123,344 $32.9M Reduce -19.0%
CRH CRH PLC 0.41% 347,019 $31.9M Add +576.4%
RGEN Repligen Corp. 0.41% 254,871 $31.7M Reduce -21.1%
KEX Kirby Corp. 0.41% 279,291 $31.7M Reduce -27.5%
PBR Petroleo Brasileiro-Spon ADR 0.41% 2,518,451 $31.5M Reduce -35.6%
FOUR SHIFT4 Payments Inc. Class A 0.40% 315,683 $31.3M Add +49.9%
EXAS Exact Sciences Corp. 0.38% 549,614 $29.2M Add +104.6%
CMG Chipotle Mexican Grill Inc. 0.36% 502,746 $28.2M Reduce -18.1%
DT Dynatrace Inc. 0.35% 494,648 $27.3M Add +37.4%
TTEK Tetra Tech Inc. 0.35% 746,543 $26.8M Add +613.0%
CPRT Copart Inc. 0.34% 546,118 $26.8M Reduce -10.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.34% 214,278 $26.6M Add +105.2%
AIG American International Group 0.33% 301,517 $25.8M Add +6.3%
MU Micron Technology Inc. 0.33% 207,055 $25.5M Add +2.2%
ALLY Ally Financial Inc. 0.32% 645,732 $25.2M New
CORZ Core Scientific Inc. 0.32% 1,465,909 $25.0M New
WMT Walmart Inc. 0.32% 254,589 $24.9M Reduce -69.1%
SNOW Snowflake Inc. 0.32% 110,663 $24.8M Add +77.9%
MCO Moody's Corp. 0.32% 49,035 $24.6M Reduce -9.8%

Show all 191 holdings

Options reported separately and not counted above: HON calls ($34.7M).

Portfolio Sells Q1 2025 → Q2 2025
IP International Paper Co. Reduce -85.0% 0.24% −1.94
BURL Burlington Stores Inc. Reduce -55.7% 0.68% −1.20
PCG P G & E Corp. Sold out 0.00% −1.15
ALL Allstate Corp. Reduce -49.4% 0.74% −1.06
KO The Coca-Cola Co. Reduce -47.9% 0.77% −1.02
GM General Motors Co. Reduce -60.3% 0.54% −1.01
BRBR Bellring Brands Inc. Sold out 0.00% −0.96
WMT Walmart Inc. Reduce -69.1% 0.32% −0.79
ZTS Zoetis Inc. Reduce -68.5% 0.26% −0.78
AVTR Avantor Inc. Sold out 0.00% −0.74
CRBG Corebridge Financial Inc. Sold out 0.00% −0.64
FISV Fiserv Inc. Reduce -37.0% 0.44% −0.63
VMC Vulcan Materials Co. Reduce -66.5% 0.29% −0.63
SAIA Saia Inc. Reduce -91.8% 0.03% −0.61
BOOT Boot Barn Holdings Inc. Reduce -57.8% 0.61% −0.60
ZION Zions Bancorp NA Sold out 0.00% −0.59
EQH Equitable Holdings Inc. Reduce -93.6% 0.04% −0.58
RYAN Ryan Specialty Holdings Inc. Reduce -55.5% 0.30% −0.57
AXON Axon Enterprise Inc. Reduce -56.3% 0.70% −0.51
PLMR Palomar Holdings Inc. Reduce -39.7% 0.64% −0.48
TMO Thermo Fisher Scientific Inc. Reduce -55.9% 0.20% −0.47
SGI Somnigroup International Inc. Reduce -31.6% 0.87% −0.46
EXP Eagle Materials Inc. Reduce -93.5% 0.02% −0.46
PBR Petroleo Brasileiro-Spon ADR Reduce -35.6% 0.41% −0.45
IT Gartner Inc. Sold out 0.00% −0.45
BLDR Builders Firstsource Inc. Sold out 0.00% −0.44
RPC Ridgepost Capital Inc. Class A Sold out 0.00% −0.41
ENOV Enovis Corp. Sold out 0.00% −0.41
TAP Molson Coors Beverage Co. Class B Sold out 0.00% −0.38
ETN Eaton Corp. PLC Reduce -40.5% 0.72% −0.38
NI Nisource Inc. Reduce -31.0% 0.52% −0.37
CHDN Churchill Downs Inc. Sold out 0.00% −0.37
PPL PPL Corp. Sold out 0.00% −0.36
SPGI S&P Global Inc. Sold out 0.00% −0.35
ISRG Intuitive Surgical Inc. Reduce -53.4% 0.26% −0.34
KNSL Kinsale Capital Group Inc. Reduce -47.3% 0.27% −0.34
CTVA Corteva Inc. Reduce -29.0% 0.74% −0.31
MKSI MKS Inc. Sold out 0.00% −0.31
BJ Bj's Wholesale Club Holdings Reduce -11.1% 0.72% −0.30
BWXT BWX Technologies Inc. Sold out 0.00% −0.30
BKR Baker Hughes Co. Sold out 0.00% −0.28
GMED Globus Medical Inc. Class A Reduce -2.1% 0.54% −0.27
NVT Nvent Electric PLC Reduce -41.7% 0.59% −0.27
HLNE Hamilton Lane Inc. Class A Sold out 0.00% −0.27
AZEK The Azek Co. Inc. Sold out 0.00% −0.26
SNDK Sandisk Corp. Sold out 0.00% −0.25
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.24
PGR Progressive Corp. Reduce -19.0% 0.42% −0.24
SW Smurfit Westrock PLC Reduce -55.3% 0.13% −0.23
LLY Eli Lilly & Co. Reduce -4.0% 0.72% −0.23

Portfolio Buys Q1 2025 → Q2 2025
TXN Texas Instruments Inc. New 2.32% +2.32
NVDA Nvidia Corp. Add +16.0% 4.69% +1.39
MSFT Microsoft Corp. Add +23.7% 4.02% +1.10
SPG Simon Property Group Inc. Add +130.0% 2.21% +1.03
COF Capital One Financial Corp. Add +84.5% 2.25% +1.02
CCL Carnival Corp. New 0.96% +0.96
HES Hess Corp. New 0.93% +0.93
STX Seagate Technology Holdings New 0.88% +0.88
DB Deutsche Bank AG-Registered New 0.84% +0.84
TDG Transdigm Group Inc. New 0.84% +0.84
CR Crane Co. Add +270.7% 1.11% +0.82
PAGP Plains GP Holdings LP New 0.77% +0.77
GOOGL Alphabet Inc. Class A Add +76.2% 1.76% +0.72
BNY Bank of New York Mellon Corp. New 0.71% +0.71
FCX Freeport-McMoran Inc. Add +769.1% 0.77% +0.68
PRIM Primoris Services Corp. New 0.66% +0.66
AVGO Broadcom Inc. Add +56.4% 1.20% +0.64
AFRM Affirm Holdings Inc. New 0.62% +0.62
LYV Live Nation Entertainment Inc. New 0.58% +0.58
TLN Talen Energy Corp. New 0.57% +0.57
AEM Agnico Eagle Mines Ltd. New 0.55% +0.55
JEF Jefferies Financial Group Inc. Add +187.1% 0.91% +0.54
ALGN Align Technology Inc. New 0.52% +0.52
DGX Quest Diagnostics Inc. New 0.52% +0.52
MTB M & T Bank Corp. New 0.50% +0.50
LRCX Lam Research Corp. Add +108.7% 0.87% +0.50
EBAY eBay Inc. New 0.47% +0.47
C Citigroup Inc. Add +42.5% 1.30% +0.40
BE Bloom Energy Corp. Class A Add +97.5% 0.78% +0.39
META Meta Platforms Inc. Class A Add +10.7% 2.37% +0.38
CRH CRH PLC Add +576.4% 0.41% +0.34
ALLY Ally Financial Inc. New 0.32% +0.32
CORZ Core Scientific Inc. New 0.32% +0.32
TTEK Tetra Tech Inc. Add +613.0% 0.35% +0.30
MA Mastercard Inc. Class A Add +103.2% 0.69% +0.30
AU Anglogold Ashanti PLC New 0.28% +0.28
DHR Danaher Corp. Add +194.8% 0.48% +0.28
GEV GE Vernova Inc. New 0.28% +0.28
CPA Copa Holdings SA Class A New 0.25% +0.25
MUFG Mitsubishi Ufj Finl-Spon ADR Add +74.3% 0.79% +0.25
OGE Oge Energy Corp. New 0.25% +0.25
GS Goldman Sachs Group Inc. Add +29.3% 0.86% +0.25
PAGS Pagseguro Digital Ltd. Class A Add +630.7% 0.27% +0.23
RYAAY Ryanair Holdings PLC-SP ADR Add +10.1% 1.05% +0.22
AON Aon PLC Class A Add +349.9% 0.29% +0.21
ROAD Construction Partners Inc. Class A Add +2.3% 0.97% +0.21
POST Post Holdings Inc. New 0.21% +0.21
CHKP Check Point Software Tech New 0.21% +0.21
CEG Constellation Energy Add +7.1% 0.65% +0.20
EXAS Exact Sciences Corp. Add +104.6% 0.38% +0.20

Options Activity Q1 2025 → Q2 2025
HON Honeywell International Inc. call New 149,000 $34.7M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 213$11.2BCSCO, LRCX, NVDA, GOOGL, AZN
Q1 2026 203$9.4BAZN, NVDA, ABBV, CSCO, PFE
Q4 2025 184$8.3BNVDA, GOOGL, MSFT, AMZN, ABBV
Q3 2025 183$8.0BNVDA, MSFT, GOOGL, KGC, ABBV
Q2 2025 191$7.8BNVDA, MSFT, AMZN, META, TXN
Q1 2025 194$6.5BNVDA, MSFT, AMZN, IP, META
Q4 2024 201$7.0BNVDA, MSFT, AMZN, FLUT, META
Q3 2024 195$6.5BMSFT, NVDA, AMZN, META, AAPL
Q2 2024 200$7.4BMSFT, NVDA, AMZN, AAPL, GOOGL
Q1 2024 203$7.7BMSFT, AMZN, NVDA, META, AVTR