Ilex Capital Partners (UK) LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ilex Capital Partners (UK) LLP reported 31 stock positions worth $1.6 billion. Its top holding was Kimberly-Clark (KMB) at 8.9% of the portfolio, followed by Conagra Brands (CAG, 8.8%) and Coca-Cola (KO, 7.8%). Compared with Q3 2024, it opened 17 new positions, sold out of 11, added to 6 and reduced 8. The biggest buy was a new position in JM Smucker (SJM) and the biggest sale an exit from Mondelez International Class A (MDLZ).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001985486
- Portfolio Value
- $1.6B (Q4 2024)
- SEC Filing
- 0001172661-25-001087 ↗ filed Feb 14, 2025
Holdings Value
Holdings 31 stocks · $1.6B
| KMB Kimberly-Clark Corp. | 8.88% | 1,059,425 | $138.8M | Add +59.9% |
| CAG Conagra Brands Inc. | 8.85% | 4,982,835 | $138.3M | Add +244.8% |
| KO The Coca-Cola Co. | 7.77% | 1,950,377 | $121.4M | Add +261.5% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 6.76% | 959,208 | $105.6M | New |
| ECL Ecolab Inc. | 4.86% | 323,790 | $75.9M | New |
| BG Bunge Global SA | 4.28% | 860,553 | $66.9M | Add +53.1% |
| APD Air Products & Chemicals Inc. | 4.25% | 228,982 | $66.4M | New |
| CL Colgate-Palmolive Co. | 4.01% | 689,065 | $62.6M | New |
| TMO Thermo Fisher Scientific Inc. | 3.65% | 109,534 | $57.0M | New |
| MAR Marriott International Class A | 3.51% | 196,717 | $54.9M | New |
| ALC Alcon Inc. filed as ALCON AG | 3.26% | 600,936 | $51.0M | Reduce -52.5% |
| TAP Molson Coors Beverage Co. Class B | 3.15% | 857,875 | $49.2M | New |
| SHW The Sherwin-Williams Co. | 2.69% | 123,871 | $42.1M | New |
| GIS General Mills Inc. | 2.67% | 654,051 | $41.7M | New |
| ESI Element Solutions Inc. | 2.65% | 1,625,847 | $41.3M | Reduce -34.2% |
| LULU Lululemon Athletica Inc. | 2.62% | 107,119 | $41.0M | New |
| DD Dupont DE Nemours Inc. | 2.62% | 536,184 | $40.9M | Reduce -34.3% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 2.34% | 431,943 | $36.5M | Reduce -20.5% |
| FMC FMC Corp. | 2.28% | 732,854 | $35.6M | Add +66.4% |
| GEHC GE Healthcare Technology | 2.22% | 443,625 | $34.7M | Reduce -6.6% |
| A Agilent Technologies Inc. | 2.21% | 256,972 | $34.5M | Add +15.3% |
| CCI Crown Castle Inc. | 2.14% | 368,594 | $33.5M | New |
| OLN Olin Corp. | 2.12% | 979,834 | $33.1M | New |
| CLX Clorox Company | 2.02% | 194,330 | $31.6M | Reduce -64.2% |
| MNST Monster Beverage Corp. | 1.92% | 572,083 | $30.1M | New |
| DKNG Draftkings Inc. Class A | 1.85% | 778,795 | $29.0M | New |
| V Visa Inc. Class A | 1.54% | 76,222 | $24.1M | New |
| WLK Westlake Corp. | 1.12% | 152,016 | $17.4M | Reduce -58.9% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.86% | 157,171 | $13.4M | Reduce -72.6% |
| SBAC SBA Communications Corp. | 0.60% | 46,194 | $9.4M | New |
| MOS The Mosaic Co. | 0.30% | 188,007 | $4.6M | New |
Portfolio Sells Q3 2024 → Q4 2024
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −14.75 |
| K Kellanova | Sold out | 0.00% | −8.83 |
| ALC Alcon Inc. | Reduce -52.5% | 3.26% | −5.25 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −5.05 |
| LIN Linde PLC | Sold out | 0.00% | −4.03 |
| CLX Clorox Company | Reduce -64.2% | 2.02% | −3.93 |
| WLK Westlake Corp. | Reduce -58.9% | 1.12% | −2.63 |
| CF CF Industries Holdings Inc. | Reduce -72.6% | 0.86% | −2.46 |
| DD Dupont DE Nemours Inc. | Reduce -34.3% | 2.62% | −2.28 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −1.91 |
| ESI Element Solutions Inc. | Reduce -34.2% | 2.65% | −1.87 |
| RPM RPM International Inc. | Sold out | 0.00% | −1.79 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −1.76 |
| PM Philip Morris International | Sold out | 0.00% | −1.57 |
| IFF Intl Flavors & Fragrances | Reduce -20.5% | 2.34% | −1.50 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −1.34 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.96 |
| GEHC GE Healthcare Technology | Reduce -6.6% | 2.22% | −0.78 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.26 |
Portfolio Buys Q3 2024 → Q4 2024
| SJM The JM Smucker Co. | New | 6.76% | +6.76 |
| CAG Conagra Brands Inc. | Add +244.8% | 8.85% | +5.68 |
| KO The Coca-Cola Co. | Add +261.5% | 7.77% | +5.16 |
| ECL Ecolab Inc. | New | 4.86% | +4.86 |
| APD Air Products & Chemicals Inc. | New | 4.25% | +4.25 |
| CL Colgate-Palmolive Co. | New | 4.01% | +4.01 |
| TMO Thermo Fisher Scientific Inc. | New | 3.65% | +3.65 |
| MAR Marriott International Class A | New | 3.51% | +3.51 |
| TAP Molson Coors Beverage Co. Class B | New | 3.15% | +3.15 |
| SHW The Sherwin-Williams Co. | New | 2.69% | +2.69 |
| GIS General Mills Inc. | New | 2.67% | +2.67 |
| LULU Lululemon Athletica Inc. | New | 2.62% | +2.62 |
| KMB Kimberly-Clark Corp. | Add +59.9% | 8.88% | +2.54 |
| CCI Crown Castle Inc. | New | 2.14% | +2.14 |
| OLN Olin Corp. | New | 2.12% | +2.12 |
| MNST Monster Beverage Corp. | New | 1.92% | +1.92 |
| DKNG Draftkings Inc. Class A | New | 1.85% | +1.85 |
| V Visa Inc. Class A | New | 1.54% | +1.54 |
| BG Bunge Global SA | Add +53.1% | 4.28% | +0.62 |
| SBAC SBA Communications Corp. | New | 0.60% | +0.60 |
| FMC FMC Corp. | Add +66.4% | 2.28% | +0.32 |
| MOS The Mosaic Co. | New | 0.30% | +0.30 |
| A Agilent Technologies Inc. | Add +15.3% | 2.21% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 143 | $4.9B | PG, FLUT, MDLZ, KDP, YUM |
| Q1 2026 | 64 | $4.1B | PEP, ONON, PG, HLT, MCD |
| Q4 2025 | 62 | $3.5B | FLUT, GIS, MKC, KO, CL |
| Q3 2025 | 135 | $3.1B | GIS, RACE, PG, LIN, RPM |
| Q2 2025 | 156 | $3.0B | IFF, SJM, FLUT, MDLZ, KDP |
| Q1 2025 | 189 | $2.4B | SJM, MNST, KO, APD, FLUT |
| Q4 2024 | 31 | $1.6B | KMB, CAG, KO, SJM, ECL |
| Q3 2024 | 25 | $1.5B | MDLZ, K, ALC, KMB, CLX |
| Q2 2024 | 20 | $975.9M | KO, KDP, TMO, STZ, IFF |
| Q1 2024 | 19 | $1.0B | PG, KO, KHC, IFF, ALC |