Ilex Capital Partners (UK) LLP

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Ilex Capital Partners (UK) LLP reported 143 stock positions worth $4.9 billion. Its top holding was Procter & Gamble (PG) at 11.2% of the portfolio, followed by Flutter Entertainment PLC-Di (FLUT, 5.7%) and Mondelez International Class A (MDLZ, 3.6%). Compared with Q1 2026, it opened 113 new positions, sold out of 34, added to 17 and reduced 13. The biggest buy was Procter & Gamble (PG, shares +164%) and the biggest sale an exit from Pepsico (PEP).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001985486
Portfolio Value
$4.9B (Q2 2026)
SEC Filing
0001985486-26-000012 ↗ filed Aug 14, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $975.9M Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.1B Q3 2025 Q4 2025: $3.5B Q4 2025 Q1 2026: $4.1B Q1 2026 Q2 2026: $4.9B $4.9B Q2 2026

Holdings 143 stocks · $4.9B
PG The Procter & Gamble Co. 11.23% 3,734,666 $547.7M Add +164.0%
FLUT Flutter Entertainment PLC-Di 5.72% 2,731,952 $279.1M New
MDLZ Mondelez International Inc. Class A 3.62% 3,049,901 $176.4M New
KDP Keurig Dr Pepper Inc. 3.34% 4,970,216 $162.7M New
YUM Yum! Brands Inc. 3.33% 1,016,155 $162.4M New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 3.22% 1,979,510 $156.8M New
CMG Chipotle Mexican Grill Inc. 3.19% 4,570,374 $155.4M Add +14.4%
TMUS T-Mobile US Inc. 3.18% 925,223 $155.2M Add +479.4%
PM Philip Morris International 2.99% 804,943 $145.6M New
HLT Hilton Worldwide Holdings Inc. 2.69% 396,381 $131.0M Reduce -36.1%
TRU Transunion 2.64% 1,786,081 $128.8M Add +96.4%
SYK Stryker Corp. 2.58% 399,898 $125.9M Add +98.4%
WH Wyndham Hotels & Resorts Inc. 2.54% 1,472,269 $124.0M Add +5.7%
NVST Envista Holdings Corp. 2.36% 4,372,709 $115.2M New
CAG Conagra Brands Inc. 2.23% 8,087,450 $108.9M New
ONON On Holding AG Class A filed as ON HLDG AG 2.20% 3,028,301 $107.3M Reduce -54.0%
ABT Abbott Laboratories 2.01% 1,081,748 $98.2M New
FRPT Freshpet Inc. 1.87% 1,540,220 $91.1M Reduce -2.9%
ACN Accenture PLC Class A 1.82% 714,900 $89.0M Add +363.6%
PFGC Performance Food Group Co. 1.74% 759,162 $84.9M New
ROL Rollins Inc. 1.70% 1,980,744 $82.7M Add +28.5%
TMO Thermo Fisher Scientific Inc. 1.59% 154,736 $77.6M Add +68.2%
HEI Heico Corp. 1.48% 202,555 $72.1M New
IQV Iqvia Holdings Inc. 1.47% 370,977 $71.7M Add +34.2%
RMD Resmed Inc. 1.42% 355,754 $69.3M Reduce -14.0%
ALC Alcon Inc. filed as ALCON AG 1.40% 1,010,855 $68.3M Reduce -19.0%
CRH CRH PLC 1.35% 614,209 $65.7M Add +9.6%
SPOT Spotify Technology SA 1.32% 139,767 $64.2M Add +131.0%
RTX RTX Corp. 1.30% 333,489 $63.3M Add +34.6%
ADSK Autodesk Inc. 1.21% 302,541 $58.8M New
UNH Unitedhealth Group Inc. 1.13% 132,227 $55.0M Reduce -12.6%
CL Colgate-Palmolive Co. 1.11% 591,563 $54.2M New
ILMN Illumina Inc. 1.04% 289,131 $50.8M Reduce -52.2%
MNST Monster Beverage Corp. 1.04% 528,828 $50.8M Reduce -77.8%
GEV GE Vernova Inc. 0.99% 40,906 $48.1M New
ELV Elevance Health Inc. 0.90% 113,556 $43.9M New
URI United Rentals Inc. 0.84% 36,179 $41.0M Reduce -52.3%
CMCSA Comcast Corp. Class A 0.80% 1,593,269 $39.1M New
MOH Molina Healthcare Inc. 0.80% 170,695 $39.0M New
TXRH Texas Roadhouse Inc. 0.72% 181,968 $35.2M New
SBAC SBA Communications Corp. 0.63% 173,986 $30.7M Add +153.7%
ECHO Echostar Corp. Class A 0.60% 290,360 $29.5M New
AMT American Tower Corp. 0.53% 157,447 $25.8M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.50% 253,353 $24.4M New
CRL Charles River Laboratories 0.38% 81,193 $18.4M Reduce -58.7%
INTU Intuit Inc. 0.35% 65,861 $17.2M New
LBTYA Liberty Global Ltd. Class A 0.34% 1,476,199 $16.8M New
GE General Electric filed as GE AEROSPACE 0.33% 42,663 $15.9M New
WWD Woodward Inc. 0.27% 31,412 $13.4M Reduce -81.3%
CCI Crown Castle Inc. 0.27% 174,852 $13.2M Reduce -36.1%
EVTL Vertical Aerospace Ltd. 0.21% 5,999,999 $10.4M Add +158.3%
CB Chubb Ltd. 0.19% 26,722 $9.1M New
SO The Southern Co. 0.19% 94,864 $9.1M New
DUK Duke Energy Corp. 0.18% 70,612 $8.9M New
WEC WEC Energy Group Inc. 0.18% 75,626 $8.8M New
CNP Centerpoint Energy Inc. 0.18% 199,263 $8.8M New
ED Consolidated Edison Inc. 0.18% 77,727 $8.6M New
PNW Pinnacle West Capital 0.16% 74,669 $8.0M New
IDA Idacorp Inc. 0.16% 50,086 $7.6M New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.15% 101,847 $7.2M New
EOG EOG Resources Inc. 0.15% 54,932 $7.1M New
FE Firstenergy Corp. 0.15% 148,917 $7.1M New
CFR Cullen/Frost Bankers Inc. 0.14% 44,525 $6.9M New
LOGI Logitech International-Reg 0.14% 73,042 $6.8M Add +169.4%
AWK American Water Works Co. Inc. 0.14% 50,919 $6.7M New
XOM Exxon Mobil Corp. 0.13% 48,041 $6.6M New
WM Waste Management Inc. 0.13% 28,865 $6.4M New
PFE Pfizer Inc. 0.13% 253,878 $6.1M New
AMCR Amcor PLC 0.12% 138,139 $6.0M New
UNP Union Pacific Corp. 0.12% 21,933 $6.0M New
JNJ Johnson & Johnson 0.12% 22,637 $5.7M New
RLI Rli Corp. 0.11% 94,201 $5.6M New
AUB Atlantic Union Bankshares Co. 0.11% 128,653 $5.4M New
SON Sonoco Products Co. 0.11% 94,433 $5.3M New
OKE Oneok Inc. 0.11% 61,139 $5.3M New
ALV Autoliv Inc. 0.10% 42,675 $5.0M New
OXY Occidental Petroleum Corp. 0.10% 101,497 $4.9M New
CVX Chevron Corp. 0.10% 29,630 $4.9M New
POST Post Holdings Inc. filed as POST HLDGS INC 0.10% 55,531 $4.9M New
PAG Penske Automotive Group Inc. 0.10% 26,373 $4.7M New
BXSL Blackstone Secured Lending F 0.10% 198,141 $4.7M New
OBDC Blue Owl Capital Corp. 0.09% 423,216 $4.6M New
KNSL Kinsale Capital Group Inc. 0.09% 13,937 $4.6M New
KR Kroger Co. 0.09% 80,313 $4.5M New
LAD Lithia Motors Inc. 0.09% 15,039 $4.4M New
UGI Ugi Corp. 0.09% 126,060 $4.4M New
H Hyatt Hotels Corp. Class A 0.09% 22,268 $4.3M New
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.09% 49,130 $4.3M New
ACI Albertsons Cos Inc. Class A 0.09% 312,675 $4.2M New
VVV Valvoline Inc. 0.09% 105,966 $4.2M New
AM Antero Midstream Corp. 0.08% 181,461 $4.1M New
RVTY Revvity Inc. 0.08% 35,538 $4.0M New
WU Western Union Co. 0.08% 510,444 $3.9M New
CVS CVS Health Corp. 0.08% 37,582 $3.9M New
FSK FS KKR Capital Corp. 0.08% 368,158 $3.9M New
NE Noble Corp. PLC 0.08% 102,938 $3.8M New
MTN Vail Resorts Inc. 0.08% 28,158 $3.8M New
MAIN Main Street Capital Corp. 0.08% 73,207 $3.8M New
CNA Cna Financial Corp. 0.08% 77,220 $3.8M New
RYAN Ryan Specialty Holdings Inc. 0.07% 96,932 $3.7M New
HASI Ha Sustainable Infrastructur 0.07% 91,161 $3.6M New
NFG National Fuel Gas Co. 0.07% 45,241 $3.5M New
LNG Cheniere Energy Inc. 0.07% 14,426 $3.4M New
MDU Mdu Resources Group Inc. 0.07% 160,583 $3.4M New
CF CF Industries Holdings Inc. 0.07% 30,926 $3.3M New
GBCI Glacier Bancorp Inc. 0.07% 64,672 $3.3M New
ORA Ormat Technologies Inc. 0.06% 28,182 $3.1M New
DDS Dillards Inc. Class A 0.06% 5,678 $3.0M New
LYB Lyondellbasell Indu Class A 0.06% 55,498 $2.9M New
RHI Robert Half Inc. 0.06% 94,866 $2.9M New
GME Gamestop Corp. Class A 0.06% 130,901 $2.9M New
PRMB Primo Brands Corp. 0.06% 111,244 $2.7M New
WLY Wiley (john) & Sons Class A 0.06% 55,411 $2.7M New
NJR New Jersey Resources Corp. 0.05% 47,385 $2.7M New
ATO Atmos Energy Corp. 0.05% 15,218 $2.6M New
AAP Advance Auto Parts Inc. 0.05% 40,889 $2.5M New
BWLP BW LPG Ltd. 0.05% 136,674 $2.4M Add +251.6%
AWR American States Water Co. filed as AMER STATES WTR CO 0.05% 28,118 $2.3M New
HTGC Hercules Capital Inc. 0.05% 145,812 $2.3M New
FLO Flowers Foods Inc. 0.05% 289,690 $2.3M New
CWT California Water Service Grp 0.04% 44,898 $2.2M New
PBF PBF Energy Inc. Class A 0.04% 44,911 $2.0M New
KBH KB Home 0.04% 32,051 $2.0M New
AESI Atlas Energy Solutions Inc. 0.04% 116,693 $1.9M New
MUR Murphy Oil Corp. 0.04% 58,650 $1.9M New
TSLX Sixth Street Specialty Lendi 0.04% 105,198 $1.8M New
NWN Northwest Natural Holding Co. 0.03% 33,564 $1.6M New
CMS CMS Energy Corp. 0.03% 21,421 $1.6M New
GOOS Canada Goose Holdings Inc. 0.03% 166,486 $1.6M Reduce -91.1%
MAN Manpowergroup Inc. 0.03% 46,661 $1.6M New
CCS Century Communities Inc. 0.03% 21,877 $1.6M New
NOG Northern Oil and Gas Inc. 0.03% 85,194 $1.5M New
PSX Phillips 66 0.03% 8,864 $1.5M New
POR Portland General Electric Co. 0.03% 25,971 $1.3M New
MSDL Morgan Stanley Direct Lendin 0.03% 82,946 $1.3M New
AMBQ Ambiq Micro Inc. 0.02% 13,515 $1.2M New
HMN Horace Mann Educators 0.02% 19,833 $1.0M New
PFS Provident Financial Services 0.02% 41,803 $988K New
SR Spire Inc. 0.02% 10,027 $783K New
FDS Factset Research Systems Inc. 0.02% 3,237 $745K New
BLCO Bausch + Lomb Corp. 0.01% 24,409 $404K New
MRSH Marsh & McLennan Cos 0.01% 1,462 $244K New
RIG Transocean Ltd. 0.00% 47,980 $235K New
Other holdings (4): bonds, preferreds, convertibles and warrants · $308K (not counted above)
SecurityClassShares / PrincipalValueChange
RNGTW Range Capital Acquisition Co. *W EXP 09/29/203 349,950$119KNo change
LFACW Leapfrog Acquisition Corp. *W EXP 11/10/203 221,057$76KNo change
LATAW Galata Acquisition Corp. - 30 *W EXP 09/12/203 200,814$71KNo change
BLZRW Trailblazer Acqui Corp. -30 *W EXP 09/30/203 95,956$42KNo change

Total filed on the 13F, all lines: $4.9B.

Portfolio Sells Q1 2026 → Q2 2026
PEP Pepsico Inc. Sold out 0.00% −6.08
MCD McDonald's Corp. Sold out 0.00% −4.61
BSX Boston Scientific Corp. Sold out 0.00% −3.46
A Agilent Technologies Inc. Sold out 0.00% −3.39
RACE Ferrari NV Sold out 0.00% −3.34
ONON On Holding AG Class A Reduce -54.0% 2.20% −3.32
MNST Monster Beverage Corp. Reduce -77.8% 1.04% −3.20
ARMK Aramark Sold out 0.00% −3.08
KHC The Kraft Heinz Co. Sold out 0.00% −2.36
STZ Constellation Brands Inc. Class A Sold out 0.00% −2.33
HLT Hilton Worldwide Holdings Inc. Reduce -36.1% 2.69% −1.97
GEHC GE Healthcare Technology Sold out 0.00% −1.93
MO Altria Group Inc. Sold out 0.00% −1.85
GIS General Mills Inc. Sold out 0.00% −1.62
NVT Nvent Electric PLC Sold out 0.00% −1.58
MA Mastercard Inc. Class A Sold out 0.00% −1.39
LLY Eli Lilly & Co. Sold out 0.00% −1.35
T AT&T Inc. Sold out 0.00% −1.35
WWD Woodward Inc. Reduce -81.3% 0.27% −1.21
CLX Clorox Company Sold out 0.00% −1.12
BYD Boyd Gaming Corp. Sold out 0.00% −0.96
ALC Alcon Inc. Reduce -19.0% 1.40% −0.88
RMD Resmed Inc. Reduce -14.0% 1.42% −0.87
ILMN Illumina Inc. Reduce -52.2% 1.04% −0.80
JKHY Jack Henry & Associates Inc. Sold out 0.00% −0.73
XYZ Block Inc. Sold out 0.00% −0.62
SBUX Starbucks Corp. Sold out 0.00% −0.60
URI United Rentals Inc. Reduce -52.3% 0.84% −0.52
AFRM Affirm Holdings Inc. Sold out 0.00% −0.51
TEM Tempus AI Inc. Class A Sold out 0.00% −0.51
GOOS Canada Goose Holdings Inc. Reduce -91.1% 0.03% −0.47
CRL Charles River Laboratories Reduce -58.7% 0.38% −0.46
FRPT Freshpet Inc. Reduce -2.9% 1.87% −0.44
SHOP Shopify Inc. Class A Sold out 0.00% −0.44
FPS Forgent Power Solutions Class A Sold out 0.00% −0.40
CRM Salesforce Inc. Sold out 0.00% −0.38
FIS Fidelity National Info Serv Sold out 0.00% −0.35
DB Deutsche Bank AG-Registered Sold out 0.00% −0.29
CCI Crown Castle Inc. Reduce -36.1% 0.27% −0.28
WMG Warner Music Group Corp. Class A Sold out 0.00% −0.24
CEPV Cantor Equity Partners Class A Sold out 0.00% −0.11
SAC Safeguard Acquisition C Class A Sold out 0.00% −0.10
IRHO Iron Horse Acquisitions Corp. Sold out 0.00% −0.10
CCXI Churchill Capital Corp. Class A Sold out 0.00% −0.03
CEPS Cantor Equity Partners Vi -A Sold out 0.00% −0.02
APC Arko Petroleum Corp. Sold out 0.00% −0.02
UNH Unitedhealth Group Inc. Reduce -12.6% 1.13% +0.12

Portfolio Buys Q1 2026 → Q2 2026
PG The Procter & Gamble Co. Add +164.0% 11.23% +6.19
FLUT Flutter Entertainment PLC-Di New 5.72% +5.72
MDLZ Mondelez International Inc. Class A New 3.62% +3.62
KDP Keurig Dr Pepper Inc. New 3.34% +3.34
YUM Yum! Brands Inc. New 3.33% +3.33
IFF Intl Flavors & Fragrances New 3.22% +3.22
PM Philip Morris International New 2.99% +2.99
NVST Envista Holdings Corp. New 2.36% +2.36
TMUS T-Mobile US Inc. Add +479.4% 3.18% +2.36
CAG Conagra Brands Inc. New 2.23% +2.23
ABT Abbott Laboratories New 2.01% +2.01
PFGC Performance Food Group Co. New 1.74% +1.74
HEI Heico Corp. New 1.48% +1.48
ADSK Autodesk Inc. New 1.21% +1.21
CL Colgate-Palmolive Co. New 1.11% +1.11
TRU Transunion Add +96.4% 2.64% +1.09
ACN Accenture PLC Class A Add +363.6% 1.82% +1.07
GEV GE Vernova Inc. New 0.99% +0.99
SYK Stryker Corp. Add +98.4% 2.58% +0.95
ELV Elevance Health Inc. New 0.90% +0.90
CMCSA Comcast Corp. Class A New 0.80% +0.80
MOH Molina Healthcare Inc. New 0.80% +0.80
TXRH Texas Roadhouse Inc. New 0.72% +0.72
ECHO Echostar Corp. Class A New 0.60% +0.60
SPOT Spotify Technology SA Add +131.0% 1.32% +0.59
AMT American Tower Corp. New 0.53% +0.53
DIS The Walt Disney Co. New 0.50% +0.50
TMO Thermo Fisher Scientific Inc. Add +68.2% 1.59% +0.48
INTU Intuit Inc. New 0.35% +0.35
LBTYA Liberty Global Ltd. Class A New 0.34% +0.34
SBAC SBA Communications Corp. Add +153.7% 0.63% +0.34
GE General Electric New 0.33% +0.33
IQV Iqvia Holdings Inc. Add +34.2% 1.47% +0.31
CB Chubb Ltd. New 0.19% +0.19
SO The Southern Co. New 0.19% +0.19
DUK Duke Energy Corp. New 0.18% +0.18
WEC WEC Energy Group Inc. New 0.18% +0.18
CNP Centerpoint Energy Inc. New 0.18% +0.18
ED Consolidated Edison Inc. New 0.18% +0.18
PNW Pinnacle West Capital New 0.16% +0.16
IDA Idacorp Inc. New 0.16% +0.16
WRB WR Berkley Corp. New 0.15% +0.15
EOG EOG Resources Inc. New 0.15% +0.15
FE Firstenergy Corp. New 0.15% +0.15
CFR Cullen/Frost Bankers Inc. New 0.14% +0.14
AWK American Water Works Co. Inc. New 0.14% +0.14
XOM Exxon Mobil Corp. New 0.13% +0.13
WM Waste Management Inc. New 0.13% +0.13
PFE Pfizer Inc. New 0.13% +0.13
AMCR Amcor PLC New 0.12% +0.12

Notes & Other Activity Q1 2026 → Q2 2026
AEAQW Activate Energy Acquisition *W EXP 11/10/203 Sold out 336,753 $103Kbefore exit
SAC.WS Safeguard Acquisition Corp. *W EXP 99/99/999 Sold out 235,050 $86Kbefore exit
MESHW Meshflow Acquisition Corp. *W EXP 11/20/203 Sold out 239,686 $72Kbefore exit
GPACW General Purpose Acquisition *W EXP 12/03/203 Sold out 299,850 $72Kbefore exit
DSACW Daedalus Spec Acq -30 *W EXP 11/24/203 Sold out 162,500 $67Kbefore exit
IRHOR Iron Horse Acquisiti- Rights RIGHT 07/11/2030 Sold out 400,000 $57Kbefore exit
BLRKW Bluerock Acquisition Corp. *W EXP 12/12/203 Sold out 133,333 $39Kbefore exit
BCSS.WS Bain Capital GSS Investment *W EXP 01/01/202 Sold out 40,000 $25Kbefore exit
CCXIW Churchill Capital Corp. Xi *W EXP 12/10/203 Sold out 10,000 $8Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 143$4.9BPG, FLUT, MDLZ, KDP, YUM
Q1 2026 64$4.1BPEP, ONON, PG, HLT, MCD
Q4 2025 62$3.5BFLUT, GIS, MKC, KO, CL
Q3 2025 135$3.1BGIS, RACE, PG, LIN, RPM
Q2 2025 156$3.0BIFF, SJM, FLUT, MDLZ, KDP
Q1 2025 189$2.4BSJM, MNST, KO, APD, FLUT
Q4 2024 31$1.6BKMB, CAG, KO, SJM, ECL
Q3 2024 25$1.5BMDLZ, K, ALC, KMB, CLX
Q2 2024 20$975.9MKO, KDP, TMO, STZ, IFF
Q1 2024 19$1.0BPG, KO, KHC, IFF, ALC