Immersion Capital LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Immersion Capital LLP reported 10 stock positions worth $145.8 million. Its top holding was BlackRock (BLK) at 19.0% of the portfolio, followed by Ryanair Holdings PLC-SP ADR (RYAAY, 18.7%) and Visa Class A (V, 15.7%). Compared with Q4 2024, it opened 3 new positions. The biggest buy was a new position in HDFC Bank Ltd.-ADR (HDB).
- Most Recent 13F
- Q1 2026
- Location
- LONDON, X0
- CIK
- 0001636441
- Portfolio Value
- $145.8M (Q1 2025)
- SEC Filing
- 0001636441-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 10 stocks · $145.8M
| BLK BlackRock Inc. | 19.01% | 29,281 | $27.7M | No change |
| RYAAY Ryanair Holdings PLC-SP ADR | 18.66% | 642,252 | $27.2M | No change |
| V Visa Inc. Class A | 15.67% | 65,200 | $22.8M | No change |
| HDB HDFC Bank Ltd.-ADR | 13.55% | 297,305 | $19.8M | New |
| GOOGL Alphabet Inc. Class A | 12.67% | 119,510 | $18.5M | No change |
| HEI.A Heico Corp. Class A | 7.36% | 50,882 | $10.7M | New |
| CNI Canadian Natl Railway Co. | 5.96% | 89,234 | $8.7M | No change |
| BP BP PLC-Spons ADR | 3.79% | 163,576 | $5.5M | No change |
| CNQ Canadian Natural Resources | 3.02% | 142,974 | $4.4M | No change |
| TBBB BBB Foods Inc. Class A | 0.30% | 16,500 | $440K | New |
Portfolio Sells Q4 2024 → Q1 2025
| None this quarter. | |||
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 10 | $62.8M | BLK, V, HEI.A, RYAAY, ELV |
| Q4 2025 | 10 | $69.1M | BLK, V, HEI.A, RYAAY, ELV |
| Q3 2025 | 11 | $97.2M | BLK, V, HEI.A, RYAAY, HDB |
| Q2 2025 | 10 | $99.4M | RYAAY, BLK, V, HEI.A, HDB |
| Q1 2025 | 10 | $145.8M | BLK, RYAAY, V, HDB, GOOGL |
| Q4 2024 | 7 | $119.5M | BLK, RYAAY, GOOGL, V, CNI |
| Q3 2024 | 9 | $183.4M | RYAAY, BLK, GOOGL, V, CRM |
| Q2 2024 | 9 | $178.6M | GOOGL, RYAAY, BLK, CRM, V |
| Q1 2024 | 9 | $252.4M | RYAAY, BLK, GOOGL, CRM, KMX |