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

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 Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.8B $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 · $2.8B
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%
DSX Diana Shipping Inc. 0.12% 1,937,625 $3.3M Reduce -1.7%
EPAM Epam Systems Inc. 0.11% 20,097 $3.0M Reduce -1.7%
VECO Veeco Instruments Inc. 0.09% 79,233 $2.4M Add +0.1%
INDA iShares MSCI India ETF 0.08% 42,795 $2.2M Reduce -1.5%
CNR Core Natural Resources Inc. 0.07% 22,374 $1.9M Reduce -2.6%
SIRI Sirius XM Holdings Inc. 0.03% 40,859 $951K Reduce -1.7%
VTS Vitesse Energy Inc. 0.03% 34,296 $797K Reduce -1.5%
MNTK Montauk Renewables Inc. 0.03% 395,948 $796K Add +0.1%
LILAK Liberty Latin Americ Class C 0.03% 93,299 $787K Reduce -1.6%
LLYVK Liberty Media Corp.-Liberty-C 0.03% 7,895 $766K Reduce -1.5%
KT KT Corp.-SP ADR 0.02% 34,611 $675K New
LBRDK Liberty Broadband-C 0.02% 9,676 $615K Reduce -1.8%
LILA Liberty Latin Americ Class A 0.02% 69,484 $576K Reduce -1.5%
LLYVA Liberty Media Corp.-Liberty-A 0.02% 5,506 $519K Reduce -1.4%
FWONA Liberty Media Corp. Class A 0.02% 4,551 $433K Reduce -1.3%
Other holdings (1): bonds, preferreds, convertibles and warrants · $41K (not counted above)
SecurityClassShares / PrincipalValueChange
DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 419,638$41KReduce -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

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