Hosking Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Hosking Partners LLP reported 115 stock positions worth $2.8 billion. Its top holding was Alphabet Class C (GOOG) at 4.6% of the portfolio, followed by Citigroup (C, 4.4%) and Micron Technology (MU, 3.8%). Compared with Q2 2025, it opened 3 new positions, sold out of 5, added to 33 and reduced 79. The biggest buy was Elevance Health (ELV, shares +85%) and the biggest sale American International (AIG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001650135
- Portfolio Value
- $2.8B (Q3 2025)
- SEC Filing
- 0001650135-25-000010 ↗ filed Oct 23, 2025
Holdings Value
Holdings 115 stocks · $2.8B
| GOOG Alphabet Inc. Class C | 4.55% | 516,567 | $125.8M | Reduce -1.1% |
| C Citigroup Inc. | 4.41% | 1,199,528 | $121.8M | Reduce -1.8% |
| MU Micron Technology Inc. | 3.77% | 621,943 | $104.1M | Reduce -11.0% |
| AMZN Amazon.com Inc. | 3.37% | 423,880 | $93.1M | Reduce -0.1% |
| CBRE CBRE Group Inc. Class A | 3.21% | 563,555 | $88.8M | Add +1.7% |
| AIG American International Group | 3.19% | 1,122,555 | $88.2M | Reduce -1.3% |
| IBKR Interactive Brokers Gro Class A | 2.97% | 1,191,410 | $82.0M | Add +1.9% |
| AXP American Express Co. | 2.91% | 242,103 | $80.4M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.66% | 146,170 | $73.5M | Add +0.1% |
| BKNG Booking Holdings Inc. | 2.58% | 13,227 | $71.4M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 2.39% | 71,391 | $66.1M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.23% | 1,194,574 | $61.6M | Reduce -1.8% |
| FCX Freeport-McMoran Inc. | 2.17% | 1,527,260 | $59.9M | Add +8.7% |
| COF Capital One Financial Corp. | 2.03% | 264,396 | $56.2M | Reduce -2.7% |
| SYF Synchrony Financial | 1.97% | 766,146 | $54.4M | Reduce -1.2% |
| WFC Wells Fargo & Co. | 1.81% | 596,122 | $50.0M | Reduce -10.4% |
| GSM Ferroglobe PLC | 1.79% | 10,874,422 | $49.5M | Add +0.9% |
| ELV Elevance Health Inc. | 1.67% | 142,382 | $46.0M | Add +84.7% |
| CX Cemex Sab-Spons ADR Part Cer | 1.58% | 4,854,808 | $43.6M | Reduce -2.3% |
| DHT DHT Holdings Inc. | 1.56% | 3,605,937 | $43.1M | Reduce -0.4% |
| HCC Warrior Met Coal Inc. | 1.49% | 648,608 | $41.3M | Add +2.1% |
| AVGO Broadcom Inc. | 1.39% | 116,768 | $38.5M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 1.37% | 119,670 | $37.7M | Add +0.3% |
| GLW Corning Inc. | 1.32% | 445,240 | $36.5M | Reduce -1.3% |
| MPC Marathon Petroleum Corp. | 1.18% | 169,869 | $32.7M | Add +0.1% |
| JEF Jefferies Financial Group Inc. | 1.16% | 488,145 | $31.9M | Reduce -0.7% |
| INSW International Seaways Inc. | 1.15% | 689,031 | $31.8M | Add +0.0% |
| TDW Tidewater Inc. | 1.13% | 584,910 | $31.2M | Add +0.7% |
| MS Morgan Stanley | 1.10% | 192,026 | $30.5M | Add +0.1% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.07% | 493,055 | $29.7M | Reduce -2.5% |
| NE Noble Corp. PLC | 1.06% | 1,036,851 | $29.3M | Add +0.6% |
| DAL Delta Air Lines Inc. | 1.06% | 515,811 | $29.3M | Reduce -1.5% |
| LYB Lyondellbasell Indu Class A | 1.06% | 595,587 | $29.2M | Add +33.3% |
| COP Conocophillips | 0.97% | 283,637 | $26.8M | Reduce -1.4% |
| CPNG Coupang Inc. | 0.97% | 833,142 | $26.8M | Reduce -4.6% |
| SCHW Schwab (charles) Corp. | 0.95% | 275,077 | $26.3M | Reduce -1.8% |
| OXY Occidental Petroleum Corp. | 0.94% | 550,338 | $26.0M | Reduce -0.8% |
| STX Seagate Technology Holdings | 0.93% | 109,280 | $25.8M | Reduce -1.8% |
| MGM MGM Resorts International | 0.92% | 733,577 | $25.4M | Reduce -1.8% |
| STLD Steel Dynamics Inc. | 0.83% | 164,027 | $22.9M | Add +0.0% |
| LRCX Lam Research Corp. | 0.78% | 160,155 | $21.4M | Reduce -0.1% |
| BAP Credicorp Ltd. | 0.77% | 79,651 | $21.2M | Reduce -2.8% |
| LPX Louisiana-Pacific Corp. | 0.73% | 226,406 | $20.1M | Reduce -1.9% |
| SDRL Seadrill Limited | 0.68% | 622,975 | $18.8M | Add +0.2% |
| TRUP Trupanion Inc. | 0.68% | 430,930 | $18.7M | Add +4.9% |
| TIGO Millicom Intl Cellular S.A. | 0.66% | 377,181 | $18.3M | Reduce -27.3% |
| AA Alcoa Corp. | 0.64% | 536,903 | $17.7M | Reduce -1.8% |
| KR Kroger Co. | 0.59% | 243,831 | $16.4M | Reduce -1.8% |
| GLNG Golar LNG Ltd. | 0.59% | 405,306 | $16.4M | Reduce -2.8% |
| UNP Union Pacific Corp. | 0.59% | 68,786 | $16.3M | Reduce -1.8% |
| HSHP Himalaya Shipping Ltd. | 0.57% | 1,917,876 | $15.8M | Add +27.6% |
| PM Philip Morris International | 0.56% | 95,050 | $15.4M | Reduce -2.7% |
| CFG Citizens Financial Group | 0.55% | 288,128 | $15.3M | Reduce -1.8% |
| BIO Bio-Rad Laboratories-A | 0.55% | 54,127 | $15.2M | Add +0.1% |
| KWR Quaker Chemical Corporation | 0.55% | 115,165 | $15.2M | Add +97.5% |
| SLG SL Green Realty Corp. | 0.53% | 244,829 | $14.6M | Reduce -1.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.53% | 913,303 | $14.6M | Add +206.5% |
| MCHP Microchip Technology Inc. | 0.52% | 225,670 | $14.5M | Reduce -0.5% |
| AAL American Airlines Group Inc. | 0.51% | 1,265,840 | $14.2M | Reduce -1.8% |
| BLD Topbuild Corp. | 0.51% | 35,892 | $14.0M | Add +0.2% |
| PYPL PayPal Holdings Inc. | 0.49% | 200,385 | $13.4M | Reduce -1.8% |
| AMR Alpha Metallurgical Resource | 0.45% | 75,006 | $12.3M | Add +3.9% |
| VAL Valaris Ltd. | 0.44% | 247,391 | $12.1M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 103,230 | $11.8M | Reduce -1.8% |
| MBI Mbia Inc. | 0.42% | 1,552,022 | $11.6M | Reduce -0.6% |
| QCOM Qualcomm Inc. | 0.41% | 68,185 | $11.3M | Reduce -1.8% |
| LSAK Lesaka Technologies Inc. | 0.41% | 2,729,205 | $11.3M | Reduce -0.1% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.40% | 568,487 | $11.2M | Reduce -2.1% |
| WTW Willis Towers Watson PLC | 0.40% | 32,310 | $11.2M | Add +0.1% |
| STNG Scorpio Tankers Inc. | 0.39% | 190,951 | $10.7M | Reduce -1.8% |
| V Visa Inc. Class A | 0.38% | 31,062 | $10.6M | Reduce -1.8% |
| AMAT Applied Materials Inc. | 0.38% | 51,604 | $10.6M | Reduce -1.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.38% | 320,654 | $10.5M | Reduce -0.0% |
| ARLO Arlo Technologies Inc. | 0.38% | 613,629 | $10.4M | Reduce -0.1% |
| TPL Texas Pacific Land Corp. | 0.37% | 11,051 | $10.3M | Reduce -0.3% |
| BTU Peabody Energy Corp. | 0.37% | 384,051 | $10.2M | Reduce -42.0% |
| MAS Masco Corp. | 0.37% | 144,686 | $10.2M | Add +0.3% |
| CRH CRH PLC | 0.36% | 82,976 | $9.9M | Add +0.2% |
| HEPS D-Market Electronic Serv-ADR | 0.36% | 3,697,569 | $9.9M | Reduce -2.4% |
| FWONK Liberty Media Corp. Class C | 0.35% | 91,534 | $9.6M | Reduce -0.1% |
| L Loews Corp. | 0.33% | 91,618 | $9.2M | Reduce -1.8% |
| FCFS Firstcash Holdings Inc. | 0.32% | 56,226 | $8.9M | Reduce -1.8% |
| CPA Copa Holdings SA Class A | 0.28% | 66,229 | $7.9M | Reduce -2.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 26,715 | $7.5M | Add +51.7% |
| PNC PNC Financial Services Group | 0.27% | 36,895 | $7.4M | Reduce -56.9% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.25% | 82,311 | $6.8M | Reduce -2.8% |
| THO Thor Industries Inc. | 0.24% | 64,969 | $6.7M | Add +0.1% |
| RPRX Royalty Pharma PLC Class A | 0.22% | 170,604 | $6.0M | New |
| CVX Chevron Corp. | 0.22% | 38,595 | $6.0M | Add +0.1% |
| CTVA Corteva Inc. | 0.22% | 88,439 | $6.0M | Reduce -1.8% |
| BN Brookfield Corp. | 0.21% | 83,941 | $5.8M | Reduce -8.4% |
| CRESY Cresud S.A.-Spons ADR | 0.21% | 623,385 | $5.7M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.20% | 49,968 | $5.6M | Add +0.1% |
| PBT Permian Basin Royalty Trust | 0.20% | 307,453 | $5.6M | Reduce -0.4% |
| RLX RLX Technology Inc.-ADR | 0.19% | 1,973,049 | $5.2M | Reduce -2.6% |
| FNKO Funko Inc. Class A | 0.18% | 1,410,762 | $4.9M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.17% | 649,631 | $4.8M | Reduce -2.8% |
| VIST Vista Energy Sab DE CV | 0.14% | 114,600 | $3.9M | Reduce -2.8% |
| CZR Caesars Entertainment Inc. | 0.14% | 139,858 | $3.8M | Add +0.1% |
| RIG Transocean Ltd. | 0.12% | 1,077,922 | $3.4M | Reduce -1.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $41K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 419,638 | $41K | Reduce -1.3% |
Total filed on the 13F, all lines: $2.8B.
Portfolio Sells Q2 2025 → Q3 2025
| AIG American International Group | Reduce -1.3% | 3.19% | −0.69 |
| BKNG Booking Holdings Inc. | Reduce -0.6% | 2.58% | −0.49 |
| COST Costco Wholesale Corp. | Reduce -1.6% | 2.39% | −0.47 |
| PNC PNC Financial Services Group | Reduce -56.9% | 0.27% | −0.37 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 3.37% | −0.34 |
| WFC Wells Fargo & Co. | Reduce -10.4% | 1.81% | −0.32 |
| COF Capital One Financial Corp. | Reduce -2.7% | 2.03% | −0.27 |
| AXP American Express Co. | Reduce -1.8% | 2.91% | −0.22 |
| PM Philip Morris International | Reduce -2.7% | 0.56% | −0.15 |
| CNC Centene Corp. | Sold out | 0.00% | −0.15 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -2.8% | 0.17% | −0.12 |
| PYPL PayPal Holdings Inc. | Reduce -1.8% | 0.49% | −0.12 |
| KR Kroger Co. | Reduce -1.8% | 0.59% | −0.11 |
| TIGO Millicom Intl Cellular S.A. | Reduce -27.3% | 0.66% | −0.11 |
| MCHP Microchip Technology Inc. | Reduce -0.5% | 0.52% | −0.11 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.11 |
| MGM MGM Resorts International | Reduce -1.8% | 0.92% | −0.10 |
| GOLDEN OCEAN GROUP LTD | Sold out | 0.00% | −0.10 |
| TPL Texas Pacific Land Corp. | Reduce -0.3% | 0.37% | −0.09 |
| SYF Synchrony Financial | Reduce -1.2% | 1.97% | −0.09 |
| GLNG Golar LNG Ltd. | Reduce -2.8% | 0.59% | −0.09 |
| DIS The Walt Disney Co. | Reduce -1.8% | 0.43% | −0.09 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -2.5% | 1.07% | −0.09 |
| VIST Vista Energy Sab DE CV | Reduce -2.8% | 0.14% | −0.08 |
| SLG SL Green Realty Corp. | Reduce -1.0% | 0.53% | −0.08 |
| LSAK Lesaka Technologies Inc. | Reduce -0.1% | 0.41% | −0.08 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -2.8% | 0.25% | −0.08 |
| CPNG Coupang Inc. | Reduce -4.6% | 0.97% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -1.8% | 0.95% | −0.07 |
| CRESY Cresud S.A.-Spons ADR | Reduce -2.8% | 0.21% | −0.07 |
| V Visa Inc. Class A | Reduce -1.8% | 0.38% | −0.06 |
| BAC Bank of America Corp. | Reduce -1.8% | 2.23% | −0.06 |
| LPX Louisiana-Pacific Corp. | Reduce -1.9% | 0.73% | −0.06 |
| AAL American Airlines Group Inc. | Reduce -1.8% | 0.51% | −0.06 |
| COP Conocophillips | Reduce -1.4% | 0.97% | −0.06 |
| UNP Union Pacific Corp. | Reduce -1.8% | 0.59% | −0.05 |
| CTVA Corteva Inc. | Reduce -1.8% | 0.22% | −0.05 |
| HEPS D-Market Electronic Serv-ADR | Reduce -2.4% | 0.36% | −0.05 |
| ARLO Arlo Technologies Inc. | Reduce -0.1% | 0.38% | −0.04 |
| VICI Vici Properties Inc. | Reduce -0.0% | 0.38% | −0.04 |
| FWONK Liberty Media Corp. Class C | Reduce -0.1% | 0.35% | −0.04 |
| EPAM Epam Systems Inc. | Reduce -1.7% | 0.11% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.8% | 0.41% | −0.03 |
| SHG Shinhan Financial Group-ADR | Sold out | 0.00% | −0.02 |
| BN Brookfield Corp. | Reduce -8.4% | 0.21% | −0.02 |
| LBRDK Liberty Broadband-C | Reduce -1.8% | 0.02% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -1.5% | 0.08% | −0.02 |
| CPA Copa Holdings SA Class A | Reduce -2.8% | 0.28% | −0.01 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.01 |
| L Loews Corp. | Reduce -1.8% | 0.33% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| ELV Elevance Health Inc. | Add +84.7% | 1.67% | +0.47 |
| IBKR Interactive Brokers Gro Class A | Add +1.9% | 2.97% | +0.39 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +206.5% | 0.53% | +0.37 |
| HCC Warrior Met Coal Inc. | Add +2.1% | 1.49% | +0.33 |
| KWR Quaker Chemical Corporation | Add +97.5% | 0.55% | +0.29 |
| HSHP Himalaya Shipping Ltd. | Add +27.6% | 0.57% | +0.23 |
| RPRX Royalty Pharma PLC Class A | New | 0.22% | +0.22 |
| GSM Ferroglobe PLC | Add +0.9% | 1.79% | +0.21 |
| FNKO Funko Inc. Class A | New | 0.18% | +0.18 |
| INSW International Seaways Inc. | Add +0.0% | 1.15% | +0.15 |
| AMR Alpha Metallurgical Resource | Add +3.9% | 0.45% | +0.12 |
| CBRE CBRE Group Inc. Class A | Add +1.7% | 3.21% | +0.12 |
| TSM Taiwan Semiconductor-SP ADR | Add +51.7% | 0.27% | +0.11 |
| TDW Tidewater Inc. | Add +0.7% | 1.13% | +0.06 |
| MPC Marathon Petroleum Corp. | Add +0.1% | 1.18% | +0.06 |
| CRH CRH PLC | Add +0.2% | 0.36% | +0.06 |
| BLD Topbuild Corp. | Add +0.2% | 0.51% | +0.05 |
| SDRL Seadrill Limited | Add +0.2% | 0.68% | +0.03 |
| BIO Bio-Rad Laboratories-A | Add +0.1% | 0.55% | +0.03 |
| MS Morgan Stanley | Add +0.1% | 1.10% | +0.03 |
| LYB Lyondellbasell Indu Class A | Add +33.3% | 1.06% | +0.03 |
| KT KT Corp.-SP ADR | New | 0.02% | +0.02 |
| VECO Veeco Instruments Inc. | Add +0.1% | 0.09% | +0.02 |
| THO Thor Industries Inc. | Add +0.1% | 0.24% | +0.01 |
| WTW Willis Towers Watson PLC | Add +0.1% | 0.40% | +0.01 |
| MAS Masco Corp. | Add +0.3% | 0.37% | −0.00 |
| CVX Chevron Corp. | Add +0.1% | 0.22% | −0.00 |
| MNTK Montauk Renewables Inc. | Add +0.1% | 0.03% | −0.01 |
| STLD Steel Dynamics Inc. | Add +0.0% | 0.83% | −0.01 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.20% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 1.37% | −0.01 |
| CZR Caesars Entertainment Inc. | Add +0.1% | 0.14% | −0.02 |
| NE Noble Corp. PLC | Add +0.6% | 1.06% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 2.66% | −0.17 |
| TRUP Trupanion Inc. | Add +4.9% | 0.68% | −0.23 |
| FCX Freeport-McMoran Inc. | Add +8.7% | 2.17% | −0.26 |
Notes & Other Activity Q2 2025 → Q3 2025
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | Reduce -1.3% | 419,638 | $41K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 98 | $3.0B | MU, GOOG, C, IBKR, FCX |
| Q1 2026 | 98 | $2.8B | GOOG, C, MU, FCX, IBKR |
| Q4 2025 | 113 | $2.9B | GOOG, C, MU, AMZN, CBRE |
| Q3 2025 | 115 | $2.8B | GOOG, C, MU, AMZN, CBRE |
| Q2 2025 | 117 | $2.5B | C, AIG, AMZN, GOOG, MU |
| Q1 2025 | 115 | $2.4B | AIG, C, GOOG, AMZN, BRK.B |
| Q4 2024 | 111 | $2.6B | GOOG, AMZN, AXP, C, AIG |
| Q3 2024 | 114 | $2.6B | GOOG, AIG, AMZN, AXP, C |
| Q2 2024 | 119 | $2.7B | GOOG, MU, AMZN, AIG, COST |
| Q1 2024 | 115 | $2.7B | GOOG, AIG, BAC, C, COST |