Hosking Partners LLP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Hosking Partners LLP reported 113 stock positions worth $2.9 billion. Its top holding was Alphabet Class C (GOOG) at 5.6% of the portfolio, followed by Citigroup (C, 4.8%) and Micron Technology (MU, 3.7%). Compared with Q3 2025, it opened 1 new position, sold out of 3, added to 33 and reduced 76. The biggest buy was Alphabet Class C (GOOG, shares +2%) and the biggest sale Costco Wholesale (COST, shares −6%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001650135
Portfolio Value
$2.9B (Q4 2025)
SEC Filing
0001650135-26-000001 ↗ filed Feb 4, 2026

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 Q3 2025 Q4 2025: $2.9B $2.9B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 113 stocks · $2.9B
GOOG Alphabet Inc. Class C 5.60% 525,640 $164.9M Add +1.8%
C Citigroup Inc. 4.85% 1,222,746 $142.7M Add +1.9%
MU Micron Technology Inc. 3.70% 381,561 $108.9M Reduce -38.6%
AMZN Amazon.com Inc. 3.32% 424,002 $97.9M Add +0.0%
CBRE CBRE Group Inc. Class A 3.06% 560,864 $90.2M Reduce -0.5%
AIG American International Group 2.88% 990,228 $84.7M Reduce -11.8%
AXP American Express Co. 2.85% 226,984 $84.0M Reduce -6.2%
IBKR Interactive Brokers Gro Class A 2.76% 1,264,348 $81.3M Add +6.1%
FCX Freeport-McMoran Inc. 2.73% 1,581,426 $80.3M Add +3.5%
BRK.B Berkshire Hathaway Inc. Class B 2.67% 156,081 $78.5M Add +6.8%
BKNG Booking Holdings Inc. 2.40% 13,190 $70.6M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.13% 1,140,892 $62.7M Reduce -4.5%
SYF Synchrony Financial 2.07% 729,462 $60.9M Reduce -4.8%
HCC Warrior Met Coal Inc. 2.00% 667,638 $58.9M Add +2.9%
COF Capital One Financial Corp. 1.98% 240,535 $58.3M Reduce -9.0%
COST Costco Wholesale Corp. 1.97% 67,118 $57.9M Reduce -6.0%
CX Cemex Sab-Spons ADR Part Cer 1.87% 4,791,452 $55.1M Reduce -1.3%
GSM Ferroglobe PLC 1.77% 11,215,616 $52.0M Add +3.1%
ELV Elevance Health Inc. 1.72% 144,548 $50.7M Add +1.5%
WFC Wells Fargo & Co. 1.49% 470,878 $43.9M Reduce -21.0%
DHT DHT Holdings Inc. 1.49% 3,593,075 $43.9M Reduce -0.4%
AVGO Broadcom Inc. 1.44% 122,698 $42.5M Add +5.1%
GLW Corning Inc. 1.34% 450,536 $39.4M Add +1.2%
DAL Delta Air Lines Inc. 1.25% 529,900 $36.8M Add +2.7%
RYAAY Ryanair Holdings PLC-SP ADR 1.19% 484,696 $35.0M Reduce -1.7%
MS Morgan Stanley 1.16% 191,505 $34.0M Reduce -0.3%
JPM JPMorgan Chase & Co. 1.14% 104,146 $33.6M Reduce -13.0%
INSW International Seaways Inc. 1.13% 686,955 $33.4M Reduce -0.3%
TDW Tidewater Inc. 1.12% 650,785 $32.9M Add +11.3%
LYB Lyondellbasell Indu Class A 1.11% 752,903 $32.6M Add +26.4%
NE Noble Corp. PLC 1.09% 1,140,328 $32.2M Add +10.0%
JEF Jefferies Financial Group Inc. 1.02% 486,332 $30.1M Reduce -0.4%
AA Alcoa Corp. 0.96% 534,149 $28.4M Reduce -0.5%
STLD Steel Dynamics Inc. 0.94% 163,557 $27.7M Reduce -0.3%
MPC Marathon Petroleum Corp. 0.94% 169,378 $27.5M Reduce -0.3%
SCHW Schwab (charles) Corp. 0.93% 273,683 $27.3M Reduce -0.5%
STX Seagate Technology Holdings 0.92% 98,152 $27.0M Reduce -10.2%
MGM MGM Resorts International 0.90% 729,815 $26.6M Reduce -0.5%
COP Conocophillips 0.90% 282,352 $26.4M Reduce -0.5%
SDRL Seadrill Limited 0.84% 714,150 $24.7M Add +14.6%
OXY Occidental Petroleum Corp. 0.81% 577,368 $23.7M Add +4.9%
LRCX Lam Research Corp. 0.81% 138,487 $23.7M Reduce -13.5%
BAP Credicorp Ltd. 0.77% 78,697 $22.6M Reduce -1.2%
TIGO Millicom Intl Cellular S.A. 0.67% 354,623 $19.7M Reduce -6.0%
AAL American Airlines Group Inc. 0.66% 1,259,297 $19.3M Reduce -0.5%
CPNG Coupang Inc. 0.65% 815,060 $19.2M Reduce -2.2%
TRUP Trupanion Inc. 0.59% 465,950 $17.4M Add +8.1%
HSHP Himalaya Shipping Ltd. 0.59% 1,894,425 $17.2M Reduce -1.2%
CFG Citizens Financial Group 0.57% 286,661 $16.7M Reduce -0.5%
BIO Bio-Rad Laboratories-A 0.56% 53,968 $16.4M Reduce -0.3%
AMR Alpha Metallurgical Resource 0.54% 79,313 $15.9M Add +5.7%
UNP Union Pacific Corp. 0.54% 68,445 $15.8M Reduce -0.5%
KWR Quaker Chemical Corporation 0.54% 114,794 $15.8M Reduce -0.3%
CVE Cenovus Energy Inc. 0.53% 929,155 $15.7M New
MCHP Microchip Technology Inc. 0.52% 240,169 $15.3M Add +6.4%
KR Kroger Co. 0.51% 242,595 $15.2M Reduce -0.5%
VAL Valaris Ltd. 0.51% 299,669 $15.1M Add +21.1%
BLD Topbuild Corp. 0.51% 35,785 $14.9M Reduce -0.3%
GLNG Golar LNG Ltd. 0.51% 400,472 $14.9M Reduce -1.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.51% 889,056 $14.9M Reduce -2.6%
LPX Louisiana-Pacific Corp. 0.50% 181,456 $14.7M Reduce -19.9%
SLG SL Green Realty Corp. 0.45% 290,166 $13.3M Add +18.5%
AMAT Applied Materials Inc. 0.45% 51,357 $13.2M Reduce -0.5%
LSAK Lesaka Technologies Inc. 0.44% 2,733,270 $13.0M Add +0.1%
RPRX Royalty Pharma PLC Class A 0.43% 326,054 $12.6M Add +91.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 102,717 $11.7M Reduce -0.5%
PYPL PayPal Holdings Inc. 0.40% 199,370 $11.6M Reduce -0.5%
QCOM Qualcomm Inc. 0.39% 67,848 $11.6M Reduce -0.5%
MBI Mbia Inc. 0.38% 1,546,452 $11.1M Reduce -0.4%
V Visa Inc. Class A 0.37% 30,919 $10.8M Reduce -0.5%
TPL Texas Pacific Land Corp. 0.37% 37,470 $10.8M Add +13.0%
WTW Willis Towers Watson PLC 0.36% 32,227 $10.6M Reduce -0.3%
CRH CRH PLC 0.35% 82,739 $10.3M Reduce -0.3%
VIPS Vipshop Holdings Ltd. - ADR 0.34% 561,171 $9.9M Reduce -1.3%
L Loews Corp. 0.33% 91,178 $9.6M Reduce -0.5%
STNG Scorpio Tankers Inc. 0.33% 188,293 $9.6M Reduce -1.4%
MAS Masco Corp. 0.31% 144,363 $9.2M Reduce -0.2%
HEPS D-Market Electronic Serv-ADR 0.31% 3,646,033 $9.0M Reduce -1.4%
ARLO Arlo Technologies Inc. 0.31% 643,626 $9.0M Add +4.9%
FWONK Liberty Media Corp. Class C 0.31% 91,319 $9.0M Reduce -0.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.31% 319,686 $9.0M Reduce -0.3%
FCFS Firstcash Holdings Inc. 0.30% 55,971 $8.9M Reduce -0.5%
PM Philip Morris International 0.30% 55,156 $8.8M Reduce -42.0%
LOMA Loma Negra Cia Ind-Spon ADR 0.28% 642,012 $8.3M Reduce -1.2%
CPA Copa Holdings SA Class A 0.27% 65,442 $7.9M Reduce -1.2%
CRESY Cresud S.A.-Spons ADR 0.27% 621,279 $7.8M Reduce -0.3%
KOF Coca-Cola Femsa Sab-SP ADR 0.26% 81,341 $7.7M Reduce -1.2%
TSM Taiwan Semiconductor-SP ADR 0.26% 25,129 $7.6M Reduce -5.9%
THO Thor Industries Inc. 0.23% 64,796 $6.7M Reduce -0.3%
CNR Core Natural Resources Inc. 0.21% 69,689 $6.2M Add +211.5%
XOM Exxon Mobil Corp. 0.20% 49,840 $6.0M Reduce -0.3%
CTVA Corteva Inc. 0.20% 88,024 $5.9M Reduce -0.5%
PBT Permian Basin Royalty Trust 0.20% 346,683 $5.9M Add +12.8%
CVX Chevron Corp. 0.20% 38,498 $5.9M Reduce -0.3%
VIST Vista Energy Sab DE CV 0.19% 113,245 $5.5M Reduce -1.2%
BN Brookfield Corp. 0.17% 111,808 $5.1M Reduce -11.2%
FNKO Funko Inc. Class A 0.16% 1,406,226 $4.8M Reduce -0.3%
RIG Transocean Ltd. 0.16% 1,130,657 $4.7M Add +4.9%
RLX RLX Technology Inc.-ADR 0.15% 1,955,552 $4.6M Reduce -0.9%
EPAM Epam Systems Inc. 0.14% 20,009 $4.1M Reduce -0.4%
BTU Peabody Energy Corp. 0.12% 114,877 $3.4M Reduce -70.1%
CZR Caesars Entertainment Inc. 0.11% 139,475 $3.3M Reduce -0.3%
DSX Diana Shipping Inc. 0.11% 1,928,255 $3.2M Reduce -0.5%
SIRI Sirius XM Holdings Inc. 0.03% 40,777 $815K Reduce -0.2%
LILAK Liberty Latin Americ Class C 0.02% 93,335 $696K Add +0.0%
MNTK Montauk Renewables Inc. 0.02% 396,250 $662K Add +0.1%
VTS Vitesse Energy Inc. 0.02% 34,309 $661K Add +0.0%
LLYVK Liberty Live Holdings Class C 0.02% 7,894 $656K No change
KT KT Corp.-SP ADR 0.02% 33,382 $633K Reduce -3.5%
LILA Liberty Latin Americ Class A 0.02% 69,508 $514K Add +0.0%
LBRDK Liberty Broadband-C 0.02% 9,658 $469K Reduce -0.2%
LLYVA Liberty Live Holdings Class A 0.02% 5,505 $449K No change
FWONA Liberty Media Corp. Class A 0.01% 4,551 $407K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $34K (not counted above)
SecurityClassShares / PrincipalValueChange
DSX.WS Diana Shipping Inc.-28 *W EXP 12/14/202 419,638$34KNo change

Total filed on the 13F, all lines: $2.9B.

Portfolio Sells Q3 2025 → Q4 2025
COST Costco Wholesale Corp. Reduce -6.0% 1.97% −0.43
CPNG Coupang Inc. Reduce -2.2% 0.65% −0.32
WFC Wells Fargo & Co. Reduce -21.0% 1.49% −0.32
AIG American International Group Reduce -11.8% 2.88% −0.31
PNC PNC Financial Services Group Sold out 0.00% −0.27
PM Philip Morris International Reduce -42.0% 0.30% −0.26
BTU Peabody Energy Corp. Reduce -70.1% 0.12% −0.25
MPC Marathon Petroleum Corp. Reduce -0.3% 0.94% −0.25
LPX Louisiana-Pacific Corp. Reduce -19.9% 0.50% −0.23
JPM JPMorgan Chase & Co. Reduce -13.0% 1.14% −0.23
BKNG Booking Holdings Inc. Reduce -0.3% 2.40% −0.18
CBRE CBRE Group Inc. Class A Reduce -0.5% 3.06% −0.15
JEF Jefferies Financial Group Inc. Reduce -0.4% 1.02% −0.13
BAC Bank of America Corp. Reduce -4.5% 2.13% −0.10
PYPL PayPal Holdings Inc. Reduce -0.5% 0.40% −0.09
VECO Veeco Instruments Inc. Sold out 0.00% −0.09
GLNG Golar LNG Ltd. Reduce -1.2% 0.51% −0.09
INDA iShares MSCI India ETF Sold out 0.00% −0.08
KR Kroger Co. Reduce -0.5% 0.51% −0.08
COP Conocophillips Reduce -0.5% 0.90% −0.07
VICI Vici Properties Inc. Reduce -0.3% 0.31% −0.07
DHT DHT Holdings Inc. Reduce -0.4% 1.49% −0.07
VIPS Vipshop Holdings Ltd. - ADR Reduce -1.3% 0.34% −0.07
MU Micron Technology Inc. Reduce -38.6% 3.70% −0.07
STNG Scorpio Tankers Inc. Reduce -1.4% 0.33% −0.06
AXP American Express Co. Reduce -6.2% 2.85% −0.06
MAS Masco Corp. Reduce -0.2% 0.31% −0.06
COF Capital One Financial Corp. Reduce -9.0% 1.98% −0.05
HEPS D-Market Electronic Serv-ADR Reduce -1.4% 0.31% −0.05
UNP Union Pacific Corp. Reduce -0.5% 0.54% −0.05
WTW Willis Towers Watson PLC Reduce -0.3% 0.36% −0.04
MBI Mbia Inc. Reduce -0.4% 0.38% −0.04
FWONK Liberty Media Corp. Class C Reduce -0.2% 0.31% −0.04
BN Brookfield Corp. Reduce -11.2% 0.17% −0.03
RLX RLX Technology Inc.-ADR Reduce -0.9% 0.15% −0.03
DIS The Walt Disney Co. Reduce -0.5% 0.40% −0.03
CZR Caesars Entertainment Inc. Reduce -0.3% 0.11% −0.03
NU Nu Holdings Ltd./Cayman Isl-A Reduce -2.6% 0.51% −0.02
SCHW Schwab (charles) Corp. Reduce -0.5% 0.93% −0.02
FCFS Firstcash Holdings Inc. Reduce -0.5% 0.30% −0.02
THO Thor Industries Inc. Reduce -0.3% 0.23% −0.02
CVX Chevron Corp. Reduce -0.3% 0.20% −0.02
CPA Copa Holdings SA Class A Reduce -1.2% 0.27% −0.02
QCOM Qualcomm Inc. Reduce -0.5% 0.39% −0.02
INSW International Seaways Inc. Reduce -0.3% 1.13% −0.02
CTVA Corteva Inc. Reduce -0.5% 0.20% −0.02
MGM MGM Resorts International Reduce -0.5% 0.90% −0.02
V Visa Inc. Class A Reduce -0.5% 0.37% −0.02
STX Seagate Technology Holdings Reduce -10.2% 0.92% −0.02
KWR Quaker Chemical Corporation Reduce -0.3% 0.54% −0.01

Portfolio Buys Q3 2025 → Q4 2025
GOOG Alphabet Inc. Class C Add +1.8% 5.60% +1.05
FCX Freeport-McMoran Inc. Add +3.5% 2.73% +0.56
CVE Cenovus Energy Inc. New 0.53% +0.53
HCC Warrior Met Coal Inc. Add +2.9% 2.00% +0.51
C Citigroup Inc. Add +1.9% 4.85% +0.44
RPRX Royalty Pharma PLC Class A Add +91.1% 0.43% +0.21
DAL Delta Air Lines Inc. Add +2.7% 1.25% +0.19
SDRL Seadrill Limited Add +14.6% 0.84% +0.16
CNR Core Natural Resources Inc. Add +211.5% 0.21% +0.14
AMR Alpha Metallurgical Resource Add +5.7% 0.54% +0.09
VAL Valaris Ltd. Add +21.1% 0.51% +0.08
ELV Elevance Health Inc. Add +1.5% 1.72% +0.06
LYB Lyondellbasell Indu Class A Add +26.4% 1.11% +0.05
AVGO Broadcom Inc. Add +5.1% 1.44% +0.05
RIG Transocean Ltd. Add +4.9% 0.16% +0.04
LSAK Lesaka Technologies Inc. Add +0.1% 0.44% +0.03
NE Noble Corp. PLC Add +10.0% 1.09% +0.03
GLW Corning Inc. Add +1.2% 1.34% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +6.8% 2.67% +0.01
PBT Permian Basin Royalty Trust Add +12.8% 0.20% −0.00
LILA Liberty Latin Americ Class A Add +0.0% 0.02% −0.00
MCHP Microchip Technology Inc. Add +6.4% 0.52% −0.00
LILAK Liberty Latin Americ Class C Add +0.0% 0.02% −0.00
MNTK Montauk Renewables Inc. Add +0.1% 0.02% −0.01
VTS Vitesse Energy Inc. Add +0.0% 0.02% −0.01
TPL Texas Pacific Land Corp. Add +13.0% 0.37% −0.01
TDW Tidewater Inc. Add +11.3% 1.12% −0.01
GSM Ferroglobe PLC Add +3.1% 1.77% −0.02
AMZN Amazon.com Inc. Add +0.0% 3.32% −0.04
ARLO Arlo Technologies Inc. Add +4.9% 0.31% −0.07
SLG SL Green Realty Corp. Add +18.5% 0.45% −0.08
TRUP Trupanion Inc. Add +8.1% 0.59% −0.08
OXY Occidental Petroleum Corp. Add +4.9% 0.81% −0.13
IBKR Interactive Brokers Gro Class A Add +6.1% 2.76% −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