High Ground Investment Management LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), High Ground Investment Management LLP reported 6 stock positions worth $686.8 million. Its top holding was Arch Capital (ACGL) at 25.3% of the portfolio, followed by Aercap (AER, 24.6%) and Humana (HUM, 18.4%). Compared with Q3 2025, it sold out of 2, added to 4 and reduced 2. The biggest buy was Aercap (AER, shares +57%) and the biggest sale an exit from Sumisho Air Lease (AL).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001828180
- Portfolio Value
- $686.8M (Q4 2025)
- SEC Filing
- 0001828180-26-000002 ↗ filed Jan 23, 2026
Holdings Value
Holdings 6 stocks · $686.8M
| ACGL Arch Capital Group Ltd. | 25.31% | 1,812,072 | $173.8M | Add +5.7% |
| AER Aercap Holdings NV | 24.62% | 1,176,170 | $169.1M | Add +57.1% |
| HUM Humana Inc. | 18.42% | 493,963 | $126.5M | Reduce -1.9% |
| ELV Elevance Health Inc. | 16.64% | 326,081 | $114.3M | Add +12.7% |
| REVG Rev Group Inc. | 12.97% | 1,464,784 | $89.1M | Add +12.2% |
| HCC Warrior Met Coal Inc. | 2.03% | 158,344 | $14.0M | Reduce -37.1% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $1.1B | ELV, ACGL, AER, HUM, TMUS |
| Q1 2026 | 5 | $538.6M | ACGL, AER, ELV, HUM, HCC |
| Q4 2025 | 6 | $686.8M | ACGL, AER, HUM, ELV, REVG |
| Q3 2025 | 8 | $601.9M | ACGL, HUM, ELV, AER, REVG |
| Q2 2025 | 6 | $477.1M | ACGL, HUM, ELV, REVG, HCC |
| Q1 2025 | 9 | $428.2M | ACGL, HUM, ELV, REVG, HCC |
| Q4 2024 | 9 | $322.3M | HUM, ACGL, ELV, HCC, CNC |
| Q3 2024 | 8 | $217.1M | HUM, ACGL, ELV, TMUS, HCC |
| Q2 2024 | 10 | $256.5M | HUM, ELV, ACGL, TMUS, DOLE |
| Q1 2024 | 11 | $208.4M | HUM, ACGL, ELV, TMUS, CNC |