Ilex Capital Partners (UK) LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ilex Capital Partners (UK) LLP reported 135 stock positions worth $3.1 billion. Its top holding was General Mills (GIS) at 9.5% of the portfolio, followed by Ferrari (RACE, 5.9%) and Procter & Gamble (PG, 5.7%). Compared with Q2 2025, it opened 79 new positions, sold out of 100, added to 20 and reduced 36. The biggest buy was a new position in General Mills (GIS) and the biggest sale an exit from Intl Flavors & Fragrances (IFF).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001985486
- Portfolio Value
- $3.1B (Q3 2025)
- SEC Filing
- 0001172661-25-005016 ↗ filed Nov 14, 2025
Holdings Value
Holdings 135 stocks · $3.1B
| GIS General Mills Inc. | 9.47% | 5,880,323 | $296.5M | New |
| RACE Ferrari NV | 5.87% | 380,050 | $183.8M | Add +92.6% |
| PG The Procter & Gamble Co. | 5.75% | 1,171,262 | $180.0M | Add +68.9% |
| LIN Linde PLC | 4.77% | 314,219 | $149.3M | Add +72.2% |
| RPM RPM International Inc. | 3.90% | 1,035,630 | $122.1M | Add +78.2% |
| TMUS T-Mobile US Inc. | 3.61% | 472,536 | $113.1M | Add +6186.2% |
| DAR Darling Ingredients Inc. | 3.20% | 3,251,180 | $100.4M | New |
| DD Dupont DE Nemours Inc. | 3.10% | 1,246,276 | $97.1M | Reduce -39.0% |
| MDLZ Mondelez International Inc. Class A | 2.86% | 1,433,145 | $89.5M | Reduce -39.0% |
| FLUT Flutter Entertainment PLC-Di | 2.66% | 328,209 | $83.4M | Reduce -51.3% |
| KO The Coca-Cola Co. | 2.64% | 1,248,586 | $82.8M | New |
| APD Air Products & Chemicals Inc. | 2.61% | 300,212 | $81.9M | New |
| A Agilent Technologies Inc. | 2.59% | 632,777 | $81.2M | Reduce -22.8% |
| CRH CRH PLC | 2.49% | 652,455 | $78.0M | New |
| ADM Archer-Daniels-Midland Co. | 2.40% | 1,259,667 | $75.3M | New |
| SYK Stryker Corp. | 2.19% | 185,752 | $68.7M | Add +39.0% |
| ILMN Illumina Inc. | 2.07% | 682,407 | $64.8M | Add +342.8% |
| COO The Cooper Cos Inc. | 1.92% | 875,384 | $60.0M | New |
| ELF Elf Beauty Inc. | 1.82% | 429,130 | $56.9M | New |
| GEHC GE Healthcare Technology | 1.81% | 754,477 | $56.7M | Add +24.9% |
| ECL Ecolab Inc. | 1.76% | 201,150 | $55.1M | New |
| CTVA Corteva Inc. | 1.73% | 802,843 | $54.3M | New |
| LLY Eli Lilly & Co. | 1.72% | 70,717 | $54.0M | New |
| ACN Accenture PLC Class A | 1.59% | 201,730 | $49.7M | Add +49.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.41% | 1,042,808 | $44.2M | New |
| AGCO Agco Corp. | 1.39% | 405,269 | $43.4M | Add +41.0% |
| MO Altria Group Inc. | 1.38% | 654,581 | $43.2M | New |
| BA The Boeing Co. | 1.35% | 196,305 | $42.4M | Add +103.1% |
| TRU Transunion | 1.31% | 488,476 | $40.9M | New |
| FLY Firefly Aerospace Inc. | 1.23% | 1,316,471 | $38.6M | New |
| UNH Unitedhealth Group Inc. | 1.11% | 100,397 | $34.7M | Add +2928.6% |
| WH Wyndham Hotels & Resorts Inc. | 1.07% | 418,246 | $33.4M | Add +177.4% |
| ROL Rollins Inc. | 1.03% | 547,587 | $32.2M | New |
| SRAD Sportradar Group AG-A | 1.00% | 1,167,364 | $31.4M | New |
| DPZ Domino's Pizza Inc. | 0.95% | 69,057 | $29.8M | New |
| BIO Bio-Rad Laboratories-A | 0.90% | 100,558 | $28.2M | Reduce -16.8% |
| CCI Crown Castle Inc. | 0.88% | 285,255 | $27.5M | Reduce -34.7% |
| MAR Marriott International Class A | 0.83% | 99,221 | $25.8M | New |
| SBAC SBA Communications Corp. | 0.82% | 132,622 | $25.6M | New |
| RMD Resmed Inc. | 0.81% | 92,885 | $25.4M | Reduce -39.0% |
| V Visa Inc. Class A | 0.80% | 73,777 | $25.2M | Add +27.0% |
| CHD Church & Dwight Co. Inc. | 0.78% | 277,617 | $24.3M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.65% | 231,354 | $20.4M | Reduce -53.2% |
| AIRO Airo Group Holdings Inc. | 0.63% | 1,030,288 | $19.8M | Add +32.3% |
| GPN Global Payments Inc. | 0.58% | 218,707 | $18.2M | New |
| ESI Element Solutions Inc. | 0.58% | 718,623 | $18.1M | Reduce -84.6% |
| TOST Toast Inc. Class A | 0.37% | 315,335 | $11.5M | Add +36.3% |
| MOS The Mosaic Co. | 0.35% | 312,084 | $10.8M | Reduce -69.5% |
| GOOS Canada Goose Holdings Inc. | 0.35% | 784,765 | $10.8M | New |
| FIS Fidelity National Info Serv | 0.33% | 154,910 | $10.2M | New |
| WLK Westlake Corp. | 0.27% | 110,691 | $8.5M | Reduce -59.5% |
| LATAU Galata Acquisition Corp. II | 0.19% | 600,600 | $6.0M | New |
| EVEX Eve Holding Inc. filed as EVE HLDG INC | 0.17% | 1,420,649 | $5.4M | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.14% | 47,277 | $4.2M | New |
| BLZRU Trailblazer Acquisition Corp. | 0.09% | 287,871 | $2.9M | New |
| NOV Nov Inc. | 0.07% | 165,475 | $2.2M | Add +45.3% |
| BCSS.U Bain Capital GSS Investment | 0.06% | 200,000 | $2.0M | New |
| CAG Conagra Brands Inc. | 0.06% | 106,050 | $1.9M | New |
| FLO Flowers Foods Inc. | 0.06% | 137,352 | $1.8M | Add +27.6% |
| HAL Halliburton Co. | 0.05% | 69,787 | $1.7M | Reduce -14.3% |
| LYB Lyondellbasell Indu Class A | 0.05% | 32,767 | $1.6M | New |
| AVAV Aerovironment Inc. | 0.05% | 4,853 | $1.5M | New |
| WU Western Union Co. | 0.05% | 188,987 | $1.5M | New |
| MTDR Matador Resources Co. | 0.05% | 31,802 | $1.4M | Reduce -9.8% |
| CNC Centene Corp. | 0.04% | 37,085 | $1.3M | New |
| KLAR Klarna Group PLC | 0.04% | 34,619 | $1.3M | New |
| HUN Huntsman Corp. | 0.04% | 137,195 | $1.2M | New |
| LEN Lennar Corp. Class A | 0.04% | 9,365 | $1.2M | New |
| AESI Atlas Energy Solutions Inc. | 0.04% | 97,125 | $1.1M | Add +38.1% |
| WEN The Wendy's Co. | 0.03% | 116,570 | $1.1M | New |
| CIVI Civitas Resources Inc. | 0.03% | 30,445 | $989K | Add +0.3% |
| APA Apa Corp. | 0.03% | 39,415 | $957K | Reduce -40.3% |
| ALC Alcon Inc. filed as ALCON AG | 0.03% | 12,623 | $940K | Reduce -97.9% |
| ACI Albertsons Cos Inc. Class A | 0.03% | 51,572 | $903K | Reduce -10.8% |
| CNH CNH Industrial NV | 0.03% | 74,857 | $812K | New |
| CHRD Chord Energy Corp. | 0.02% | 7,650 | $760K | New |
| WHR Whirlpool Corp. | 0.02% | 9,540 | $750K | Reduce -0.8% |
| RHI Robert Half Inc. | 0.02% | 20,625 | $701K | Reduce -27.5% |
| MOH Molina Healthcare Inc. | 0.02% | 3,497 | $669K | New |
| STZ Constellation Brands Inc. Class A | 0.02% | 4,955 | $667K | New |
| CLF Cleveland-Cliffs Inc. | 0.02% | 54,637 | $667K | New |
| MAN Manpowergroup Inc. | 0.02% | 17,230 | $653K | New |
| FHB First Hawaiian Inc. | 0.02% | 26,252 | $652K | New |
| CTRA Coterra Energy Inc. | 0.02% | 27,435 | $649K | Reduce -52.3% |
| MTN Vail Resorts Inc. | 0.02% | 4,307 | $644K | New |
| GPK Graphic Packaging Holding Co. | 0.02% | 31,462 | $616K | Reduce -55.2% |
| OMC Omnicom Group | 0.02% | 7,502 | $612K | New |
| FMC FMC Corp. | 0.02% | 18,077 | $608K | Reduce -98.6% |
| PSKY Paramount Skydance Class B | 0.02% | 31,915 | $604K | New |
| OLN Olin Corp. | 0.02% | 24,087 | $602K | Reduce -99.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.02% | 50,197 | $600K | New |
| VAC Marriott Vacations World | 0.02% | 8,942 | $595K | New |
| PRGO Perrigo Co. PLC | 0.02% | 25,765 | $574K | New |
| ACHC Acadia Healthcare Co. Inc. | 0.02% | 22,922 | $568K | Reduce -25.6% |
| ARE Alexandria Real Estate Equit | 0.02% | 6,732 | $561K | New |
| SIRI Sirius XM Holdings Inc. | 0.02% | 23,367 | $544K | New |
| OZK Bank Ozk | 0.02% | 9,712 | $495K | New |
| BAX Baxter International Inc. | 0.02% | 21,127 | $481K | New |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.02% | 4,122 | $481K | New |
| UGI Ugi Corp. | 0.02% | 14,187 | $472K | Reduce -60.3% |
Portfolio Sells Q2 2025 → Q3 2025
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −7.02 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −6.61 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −4.96 |
| FLUT Flutter Entertainment PLC-Di | Reduce -51.3% | 2.66% | −3.71 |
| ESI Element Solutions Inc. | Reduce -84.6% | 0.58% | −2.91 |
| T AT&T Inc. | Sold out | 0.00% | −2.49 |
| MDLZ Mondelez International Inc. Class A | Reduce -39.0% | 2.86% | −2.38 |
| BG Bunge Global SA | Sold out | 0.00% | −2.37 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −2.06 |
| AXTA Axalta Coating Systems Ltd. | Sold out | 0.00% | −2.00 |
| PM Philip Morris International | Sold out | 0.00% | −1.90 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −1.87 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −1.85 |
| ARMK Aramark | Sold out | 0.00% | −1.73 |
| FMC FMC Corp. | Reduce -98.6% | 0.02% | −1.72 |
| ALC Alcon Inc. | Reduce -97.9% | 0.03% | −1.71 |
| OLN Olin Corp. | Reduce -99.0% | 0.02% | −1.65 |
| DD Dupont DE Nemours Inc. | Reduce -39.0% | 3.10% | −1.54 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −1.41 |
| MOS The Mosaic Co. | Reduce -69.5% | 0.35% | −0.89 |
| EL Estee Lauder Companies Class A | Reduce -53.2% | 0.65% | −0.67 |
| A Agilent Technologies Inc. | Reduce -22.8% | 2.59% | −0.61 |
| CCI Crown Castle Inc. | Reduce -34.7% | 0.88% | −0.61 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.54 |
| XYZ Block Inc. | Sold out | 0.00% | −0.50 |
| RMD Resmed Inc. | Reduce -39.0% | 0.81% | −0.49 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.48 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.47 |
| LBTYK Liberty Global Ltd. Class C | Sold out | 0.00% | −0.46 |
| WLK Westlake Corp. | Reduce -59.5% | 0.27% | −0.42 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.38 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.35 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −0.35 |
| FER Ferrovial NV | Sold out | 0.00% | −0.25 |
| GE General Electric | Sold out | 0.00% | −0.14 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.14 |
| SO The Southern Co. | Sold out | 0.00% | −0.09 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.09 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.07 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.07 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.07 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.07 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.07 |
| ADC Agree Realty Corp. | Sold out | 0.00% | −0.07 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.07 |
| BIO Bio-Rad Laboratories-A | Reduce -16.8% | 0.90% | −0.07 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.06 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.06 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| GIS General Mills Inc. | New | 9.47% | +9.47 |
| TMUS T-Mobile US Inc. | Add +6186.2% | 3.61% | +3.55 |
| DAR Darling Ingredients Inc. | New | 3.20% | +3.20 |
| RACE Ferrari NV | Add +92.6% | 5.87% | +2.68 |
| KO The Coca-Cola Co. | New | 2.64% | +2.64 |
| APD Air Products & Chemicals Inc. | New | 2.61% | +2.61 |
| CRH CRH PLC | New | 2.49% | +2.49 |
| ADM Archer-Daniels-Midland Co. | New | 2.40% | +2.40 |
| PG The Procter & Gamble Co. | Add +68.9% | 5.75% | +2.09 |
| LIN Linde PLC | Add +72.2% | 4.77% | +1.93 |
| COO The Cooper Cos Inc. | New | 1.92% | +1.92 |
| ELF Elf Beauty Inc. | New | 1.82% | +1.82 |
| RPM RPM International Inc. | Add +78.2% | 3.90% | +1.78 |
| ECL Ecolab Inc. | New | 1.76% | +1.76 |
| CTVA Corteva Inc. | New | 1.73% | +1.73 |
| LLY Eli Lilly & Co. | New | 1.72% | +1.72 |
| ILMN Illumina Inc. | Add +342.8% | 2.07% | +1.58 |
| ONON On Holding AG Class A | New | 1.41% | +1.41 |
| MO Altria Group Inc. | New | 1.38% | +1.38 |
| TRU Transunion | New | 1.31% | +1.31 |
| FLY Firefly Aerospace Inc. | New | 1.23% | +1.23 |
| UNH Unitedhealth Group Inc. | Add +2928.6% | 1.11% | +1.07 |
| ROL Rollins Inc. | New | 1.03% | +1.03 |
| SRAD Sportradar Group AG-A | New | 1.00% | +1.00 |
| DPZ Domino's Pizza Inc. | New | 0.95% | +0.95 |
| MAR Marriott International Class A | New | 0.83% | +0.83 |
| SBAC SBA Communications Corp. | New | 0.82% | +0.82 |
| CHD Church & Dwight Co. Inc. | New | 0.78% | +0.78 |
| BA The Boeing Co. | Add +103.1% | 1.35% | +0.68 |
| WH Wyndham Hotels & Resorts Inc. | Add +177.4% | 1.07% | +0.66 |
| GPN Global Payments Inc. | New | 0.58% | +0.58 |
| SYK Stryker Corp. | Add +39.0% | 2.19% | +0.44 |
| AGCO Agco Corp. | Add +41.0% | 1.39% | +0.40 |
| GOOS Canada Goose Holdings Inc. | New | 0.35% | +0.35 |
| GEHC GE Healthcare Technology | Add +24.9% | 1.81% | +0.33 |
| FIS Fidelity National Info Serv | New | 0.33% | +0.33 |
| ACN Accenture PLC Class A | Add +49.9% | 1.59% | +0.26 |
| LATAU Galata Acquisition Corp. II | New | 0.19% | +0.19 |
| EVEX Eve Holding Inc. | New | 0.17% | +0.17 |
| CF CF Industries Holdings Inc. | New | 0.14% | +0.14 |
| V Visa Inc. Class A | Add +27.0% | 0.80% | +0.12 |
| BLZRU Trailblazer Acquisition Corp. | New | 0.09% | +0.09 |
| BCSS.U Bain Capital GSS Investment | New | 0.06% | +0.06 |
| CAG Conagra Brands Inc. | New | 0.06% | +0.06 |
| LYB Lyondellbasell Indu Class A | New | 0.05% | +0.05 |
| AVAV Aerovironment Inc. | New | 0.05% | +0.05 |
| WU Western Union Co. | New | 0.05% | +0.05 |
| CNC Centene Corp. | New | 0.04% | +0.04 |
| KLAR Klarna Group PLC | New | 0.04% | +0.04 |
| HUN Huntsman Corp. | New | 0.04% | +0.04 |
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 |