Hosking Partners LLP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Hosking Partners LLP reported 115 stock positions worth $2.4 billion. Its top holding was American International (AIG) at 4.2% of the portfolio, followed by Citigroup (C, 3.7%) and Alphabet Class C (GOOG, 3.5%). Compared with Q4 2024, it opened 6 new positions, sold out of 2, added to 9 and reduced 98. The biggest buy was a new position in Millicom Intl Cellular (TIGO) and the biggest sale Broadcom (AVGO, shares −49%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001650135
Portfolio Value
$2.4B (Q1 2025)
SEC Filing
0001650135-25-000003 ↗ filed May 12, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.6B Q4 2024 Q1 2025: $2.4B $2.4B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $2.9B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 115 stocks · $2.4B
AIG American International Group 4.24% 1,155,515 $100.5M Reduce -0.9%
C Citigroup Inc. 3.66% 1,220,309 $86.6M Reduce -1.6%
GOOG Alphabet Inc. Class C 3.49% 528,452 $82.6M Reduce -0.9%
AMZN Amazon.com Inc. 3.47% 432,089 $82.2M Reduce -1.7%
BRK.B Berkshire Hathaway Inc. Class B 3.27% 145,281 $77.4M Reduce -0.9%
COST Costco Wholesale Corp. 3.21% 80,326 $76.0M Reduce -0.9%
CBRE CBRE Group Inc. Class A 3.11% 563,976 $73.8M Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.89% 1,642,242 $68.5M Reduce -0.9%
AXP American Express Co. 2.85% 251,323 $67.6M Reduce -14.6%
BKNG Booking Holdings Inc. 2.62% 13,468 $62.0M Reduce -11.9%
MU Micron Technology Inc. 2.61% 712,670 $61.9M Reduce -0.8%
FCX Freeport-McMoran Inc. 2.38% 1,490,328 $56.4M Add +14.7%
WFC Wells Fargo & Co. 2.35% 774,258 $55.6M Reduce -0.8%
COF Capital One Financial Corp. 2.16% 284,909 $51.1M Reduce -7.9%
IBKR Interactive Brokers Gro Class A 1.97% 282,250 $46.7M Reduce -0.9%
SYF Synchrony Financial 1.76% 787,244 $41.7M Reduce -0.9%
TSM Taiwan Semiconductor-SP ADR 1.76% 250,911 $41.7M Reduce -0.8%
GSM Ferroglobe PLC 1.67% 10,633,729 $39.5M Add +18.1%
DHT DHT Holdings Inc. 1.62% 3,659,605 $38.4M Reduce -0.9%
JPM JPMorgan Chase & Co. 1.47% 142,332 $34.9M Reduce -16.0%
ELV Elevance Health Inc. 1.42% 77,551 $33.7M Reduce -0.9%
JEF Jefferies Financial Group Inc. 1.41% 623,813 $33.4M Reduce -10.0%
SCHW Schwab (charles) Corp. 1.35% 409,060 $32.0M Reduce -0.9%
COP Conocophillips 1.30% 292,398 $30.7M Reduce -10.0%
RYAAY Ryanair Holdings PLC-SP ADR 1.28% 715,419 $30.3M No change
MPC Marathon Petroleum Corp. 1.26% 204,569 $29.8M Reduce -10.5%
CX Cemex Sab-Spons ADR Part Cer 1.20% 5,081,167 $28.5M Reduce -1.0%
LYB Lyondellbasell Indu Class A 1.19% 401,520 $28.3M Reduce -0.9%
OXY Occidental Petroleum Corp. 1.09% 523,911 $25.9M Reduce -32.5%
INSW International Seaways Inc. 1.05% 748,729 $24.9M Reduce -0.9%
HCC Warrior Met Coal Inc. 1.05% 520,241 $24.8M Reduce -0.9%
LPX Louisiana-Pacific Corp. 1.04% 268,604 $24.7M Reduce -0.9%
NE Noble Corp. PLC 0.98% 980,638 $23.2M Reduce -0.9%
MGM MGM Resorts International 0.95% 761,532 $22.6M Reduce -10.4%
MS Morgan Stanley 0.95% 193,238 $22.5M Reduce -13.7%
GLW Corning Inc. 0.89% 458,258 $21.0M Reduce -0.9%
STLD Steel Dynamics Inc. 0.87% 165,143 $20.7M Reduce -0.9%
CPNG Coupang Inc. 0.85% 916,947 $20.1M Reduce -1.0%
AVGO Broadcom Inc. 0.83% 117,716 $19.7M Reduce -48.9%
KR Kroger Co. 0.72% 253,111 $17.1M Reduce -0.9%
AA Alcoa Corp. 0.72% 557,386 $17.0M Reduce -0.9%
UNP Union Pacific Corp. 0.71% 71,395 $16.9M Reduce -0.9%
TDW Tidewater Inc. 0.70% 394,257 $16.7M Add +81.0%
GLNG Golar LNG Ltd. 0.69% 427,072 $16.2M Reduce -0.9%
TIGO Millicom Intl Cellular S.A. 0.68% 531,208 $16.1M New
PM Philip Morris International 0.68% 100,938 $16.0M Reduce -1.6%
BAP Credicorp Ltd. 0.66% 83,937 $15.6M Reduce -1.0%
DAL Delta Air Lines Inc. 0.65% 354,474 $15.5M Reduce -0.9%
PNC PNC Financial Services Group 0.63% 84,440 $14.8M Reduce -0.8%
TRUP Trupanion Inc. 0.63% 397,656 $14.8M Add +86.9%
TPL Texas Pacific Land Corp. 0.61% 10,949 $14.5M Reduce -0.8%
SLG SL Green Realty Corp. 0.61% 250,725 $14.5M Reduce -0.9%
SDRL Seadrill Limited 0.60% 566,610 $14.2M Add +8.2%
AAL American Airlines Group Inc. 0.59% 1,314,190 $13.9M Reduce -0.9%
PYPL PayPal Holdings Inc. 0.57% 208,008 $13.6M Reduce -0.9%
LSAK Lesaka Technologies Inc. 0.56% 2,784,169 $13.3M Reduce -0.8%
BIO Bio-Rad Laboratories-A 0.56% 54,491 $13.3M Reduce -0.9%
CFG Citizens Financial Group 0.52% 299,137 $12.3M Reduce -0.9%
LRCX Lam Research Corp. 0.50% 161,616 $11.7M Reduce -0.9%
BTU Peabody Energy Corp. 0.48% 844,063 $11.4M Reduce -1.4%
V Visa Inc. Class A 0.48% 32,234 $11.3M Reduce -0.9%
HEPS D-Market Electronic Serv-ADR 0.47% 3,880,285 $11.1M Reduce -1.1%
MCHP Microchip Technology Inc. 0.47% 227,843 $11.0M Add +187.5%
BLD Topbuild Corp. 0.46% 36,098 $11.0M Reduce -0.9%
WTW Willis Towers Watson PLC 0.46% 32,512 $11.0M Reduce -0.9%
QCOM Qualcomm Inc. 0.46% 70,771 $10.9M Reduce -0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 107,145 $10.6M Reduce -0.9%
MAS Masco Corp. 0.43% 144,994 $10.1M Reduce -0.9%
VAL Valaris Ltd. 0.41% 248,186 $9.7M Reduce -27.4%
STX Seagate Technology Holdings 0.41% 113,425 $9.6M Reduce -0.9%
VIPS Vipshop Holdings Ltd. - ADR 0.39% 593,369 $9.3M Reduce -1.0%
GOLDEN OCEAN GROUP LTD 0.38% 1,132,642 $9.0M Reduce -0.9%
L Loews Corp. 0.37% 95,098 $8.7M Reduce -0.9%
CNR Core Natural Resources Inc. 0.36% 109,963 $8.5M New
FWONK Liberty Media Corp. Class C 0.35% 92,366 $8.3M Reduce -0.9%
KOF Coca-Cola Femsa Sab-SP ADR 0.33% 86,738 $7.9M New
MBI Mbia Inc. 0.33% 1,581,395 $7.9M Reduce -0.9%
AMAT Applied Materials Inc. 0.33% 53,563 $7.8M Reduce -31.3%
LOMA Loma Negra Cia Ind-Spon ADR 0.32% 684,769 $7.5M Reduce -1.0%
AMR Alpha Metallurgical Resource 0.32% 60,014 $7.5M Add +8.7%
STNG Scorpio Tankers Inc. 0.31% 198,336 $7.5M Reduce -0.9%
CRH CRH PLC 0.31% 83,423 $7.3M Reduce -1.0%
CRESY Cresud S.A.-Spons ADR 0.31% 657,034 $7.3M Reduce -1.0%
FCFS Firstcash Holdings Inc. 0.30% 58,353 $7.0M Reduce -0.9%
RIG Transocean Ltd. 0.29% 2,150,664 $6.8M Add +26.1%
CVX Chevron Corp. 0.27% 38,843 $6.5M Reduce -0.9%
CPA Copa Holdings SA Class A 0.27% 69,821 $6.5M Reduce -1.0%
ARLO Arlo Technologies Inc. 0.26% 619,827 $6.1M New
XOM Exxon Mobil Corp. 0.25% 50,267 $6.0M Reduce -0.9%
CTVA Corteva Inc. 0.24% 91,790 $5.8M Reduce -0.9%
KWR Quaker Chemical Corporation 0.22% 42,899 $5.3M New
BN Brookfield Corp. 0.22% 100,081 $5.2M Reduce -1.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.21% 154,743 $5.0M Reduce -0.9%
THO Thor Industries Inc. 0.21% 65,375 $5.0M Reduce -0.9%
CNC Centene Corp. 0.17% 67,605 $4.1M Reduce -0.9%
RLX RLX Technology Inc.-ADR 0.17% 2,093,781 $3.9M Add +113.3%
EPAM Epam Systems Inc. 0.15% 20,844 $3.5M Reduce -0.9%
CZR Caesars Entertainment Inc. 0.15% 140,704 $3.5M Reduce -0.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.14% 314,942 $3.2M New
DSX Diana Shipping Inc. 0.13% 2,010,173 $3.1M Reduce -0.9%
PBT Permian Basin Royalty Trust 0.13% 304,966 $3.0M Reduce -0.8%
CWK Cushman & Wakefield UK Holdc 0.11% 248,150 $2.5M Reduce -0.9%
HSHP Himalaya Shipping Ltd. 0.10% 446,243 $2.4M Reduce -1.0%
INDA iShares MSCI India ETF 0.10% 44,741 $2.3M No change
VECO Veeco Instruments Inc. 0.07% 79,786 $1.6M Reduce -1.0%
MNTK Montauk Renewables Inc. 0.07% 761,336 $1.6M Reduce -1.0%
WY Weyerhaeuser Co. 0.06% 48,548 $1.4M Reduce -0.8%
SIRI Sirius XM Holdings Inc. 0.04% 42,284 $953K Reduce -1.0%
VTS Vitesse Energy Inc. 0.04% 35,435 $871K Reduce -1.0%
LBRDK Liberty Broadband-C 0.04% 10,029 $853K Reduce -1.0%
LILAK Liberty Latin Americ Class C 0.03% 96,293 $598K Reduce -1.0%
LLYVK Liberty Media Corp.-Liberty-C 0.02% 8,161 $556K Reduce -1.0%
LILA Liberty Latin Americ Class A 0.02% 71,694 $454K Reduce -1.0%
LLYVA Liberty Media Corp.-Liberty-A 0.02% 5,686 $382K Reduce -1.1%
FWONA Liberty Media Corp. Class A 0.02% 4,690 $382K Reduce -1.1%
Other holdings (1): bonds, preferreds, convertibles and warrants · $46K (not counted above)
SecurityClassShares / PrincipalValueChange
DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 425,104$46KNo change

Total filed on the 13F, all lines: $2.4B.

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -48.9% 0.83% −1.26
JEF Jefferies Financial Group Inc. Reduce -10.0% 1.41% −0.71
NVDA Nvidia Corp. Sold out 0.00% −0.69
AXP American Express Co. Reduce -14.6% 2.85% −0.56
GOOG Alphabet Inc. Class C Reduce -0.9% 3.49% −0.49
ARCH Arch Resources Inc. Sold out 0.00% −0.42
OXY Occidental Petroleum Corp. Reduce -32.5% 1.09% −0.41
BKNG Booking Holdings Inc. Reduce -11.9% 2.62% −0.35
AAL American Airlines Group Inc. Reduce -0.9% 0.59% −0.32
AMZN Amazon.com Inc. Reduce -1.7% 3.47% −0.30
SYF Synchrony Financial Reduce -0.9% 1.76% −0.26
NE Noble Corp. PLC Reduce -0.9% 0.98% −0.23
BTU Peabody Energy Corp. Reduce -1.4% 0.48% −0.22
MGM MGM Resorts International Reduce -10.4% 0.95% −0.20
TSM Taiwan Semiconductor-SP ADR Reduce -0.8% 1.76% −0.20
DAL Delta Air Lines Inc. Reduce -0.9% 0.65% −0.19
VAL Valaris Ltd. Reduce -27.4% 0.41% −0.18
AMAT Applied Materials Inc. Reduce -31.3% 0.33% −0.17
MS Morgan Stanley Reduce -13.7% 0.95% −0.15
BIO Bio-Rad Laboratories-A Reduce -0.9% 0.56% −0.15
PYPL PayPal Holdings Inc. Reduce -0.9% 0.57% −0.13
JPM JPMorgan Chase & Co. Reduce -16.0% 1.47% −0.12
AA Alcoa Corp. Reduce -0.9% 0.72% −0.11
STNG Scorpio Tankers Inc. Reduce -0.9% 0.31% −0.07
MBI Mbia Inc. Reduce -0.9% 0.33% −0.07
HCC Warrior Met Coal Inc. Reduce -0.9% 1.05% −0.07
SLG SL Green Realty Corp. Reduce -0.9% 0.61% −0.06
LPX Louisiana-Pacific Corp. Reduce -0.9% 1.04% −0.05
MNTK Montauk Renewables Inc. Reduce -1.0% 0.07% −0.05
EPAM Epam Systems Inc. Reduce -0.9% 0.15% −0.04
LSAK Lesaka Technologies Inc. Reduce -0.8% 0.56% −0.04
THO Thor Industries Inc. Reduce -0.9% 0.21% −0.04
CZR Caesars Entertainment Inc. Reduce -0.9% 0.15% −0.04
GLNG Golar LNG Ltd. Reduce -0.9% 0.69% −0.03
DIS The Walt Disney Co. Reduce -0.9% 0.45% −0.02
DSX Diana Shipping Inc. Reduce -0.9% 0.13% −0.02
CRESY Cresud S.A.-Spons ADR Reduce -1.0% 0.31% −0.02
CWK Cushman & Wakefield UK Holdc Reduce -0.9% 0.11% −0.02
GOLDEN OCEAN GROUP LTD Reduce -0.9% 0.38% −0.02
VECO Veeco Instruments Inc. Reduce -1.0% 0.07% −0.02
PNC PNC Financial Services Group Reduce -0.8% 0.63% −0.02
INSW International Seaways Inc. Reduce -0.9% 1.05% −0.01
BN Brookfield Corp. Reduce -1.8% 0.22% −0.01
PBT Permian Basin Royalty Trust Reduce -0.8% 0.13% −0.01
LOMA Loma Negra Cia Ind-Spon ADR Reduce -1.0% 0.32% −0.01
COF Capital One Financial Corp. Reduce -7.9% 2.16% −0.00
CFG Citizens Financial Group Reduce -0.9% 0.52% +0.00
FWONA Liberty Media Corp. Class A Reduce -1.1% 0.02% +0.00
LILA Liberty Latin Americ Class A Reduce -1.0% 0.02% +0.00
LILAK Liberty Latin Americ Class C Reduce -1.0% 0.03% +0.00

Portfolio Buys Q4 2024 → Q1 2025
TIGO Millicom Intl Cellular S.A. New 0.68% +0.68
FCX Freeport-McMoran Inc. Add +14.7% 2.38% +0.45
CNR Core Natural Resources Inc. New 0.36% +0.36
KOF Coca-Cola Femsa Sab-SP ADR New 0.33% +0.33
GSM Ferroglobe PLC Add +18.1% 1.67% +0.33
MCHP Microchip Technology Inc. Add +187.5% 0.47% +0.29
ARLO Arlo Technologies Inc. New 0.26% +0.26
TDW Tidewater Inc. Add +81.0% 0.70% +0.24
TRUP Trupanion Inc. Add +86.9% 0.63% +0.22
KWR Quaker Chemical Corporation New 0.22% +0.22
NU Nu Holdings Ltd./Cayman Isl-A New 0.14% +0.14
RLX RLX Technology Inc.-ADR Add +113.3% 0.17% +0.08
RIG Transocean Ltd. Add +26.1% 0.29% +0.04
AMR Alpha Metallurgical Resource Add +8.7% 0.32% −0.11
SDRL Seadrill Limited Add +8.2% 0.60% −0.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 98$3.0BMU, GOOG, C, IBKR, FCX
Q1 2026 98$2.8BGOOG, C, MU, FCX, IBKR
Q4 2025 113$2.9BGOOG, C, MU, AMZN, CBRE
Q3 2025 115$2.8BGOOG, C, MU, AMZN, CBRE
Q2 2025 117$2.5BC, AIG, AMZN, GOOG, MU
Q1 2025 115$2.4BAIG, C, GOOG, AMZN, BRK.B
Q4 2024 111$2.6BGOOG, AMZN, AXP, C, AIG
Q3 2024 114$2.6BGOOG, AIG, AMZN, AXP, C
Q2 2024 119$2.7BGOOG, MU, AMZN, AIG, COST
Q1 2024 115$2.7BGOOG, AIG, BAC, C, COST