Kiltearn Partners LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Kiltearn Partners LLP reported 30 stock positions worth $1.1 billion. Its top holding was Affiliated Managers (AMG) at 10.4% of the portfolio, followed by Comcast Class A (CMCSA, 6.9%) and CVS Health (CVS, 6.3%). Compared with Q4 2023, it sold out of 3, added to 4 and reduced 26. The biggest buy was Tenaris SA-ADR (TS, shares +50%) and the biggest sale an exit from Mohawk Industries (MHK).
- Most Recent 13F
- Q2 2026
- Location
- Edinburgh, X0
- CIK
- 0001582633
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0000950123-24-005546 ↗ filed May 15, 2024
Holdings Value
Holdings 30 stocks · $1.1B
| AMG Affiliated Managers Group | 10.35% | 675,214 | $112.0M | Reduce -16.0% |
| CMCSA Comcast Corp. Class A | 6.92% | 1,770,861 | $74.9M | Reduce -5.4% |
| CVS CVS Health Corp. | 6.33% | 861,168 | $68.5M | Reduce -12.8% |
| KMX Carmax Inc. | 5.81% | 731,700 | $62.9M | Reduce -16.0% |
| CI The Cigna Group | 5.09% | 151,300 | $55.1M | Reduce -8.6% |
| LUV Southwest Airlines Co. | 4.92% | 1,822,883 | $53.2M | Reduce -26.2% |
| LYB Lyondellbasell Indu Class A | 4.61% | 488,900 | $49.9M | Reduce -15.9% |
| CHKP Check Point Software Tech | 4.56% | 300,300 | $49.3M | Reduce -16.0% |
| HCA HCA Healthcare Inc. | 4.27% | 140,000 | $46.2M | Reduce -18.8% |
| MU Micron Technology Inc. | 3.45% | 300,360 | $37.3M | Reduce -47.1% |
| EBAY eBay Inc. | 3.38% | 699,794 | $36.6M | Reduce -43.8% |
| LBYAV Liberty Global PLC-A-Wi | 3.08% | 2,009,337 | $33.4M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 2.98% | 207,100 | $32.2M | Reduce -16.1% |
| TS Tenaris SA-ADR | 2.72% | 743,959 | $29.4M | Add +49.9% |
| MDT Medtronic PLC | 2.69% | 333,861 | $29.1M | Reduce -15.7% |
| HOG Harley-Davidson Inc. | 2.55% | 633,213 | $27.6M | Reduce -15.9% |
| SWK Stanley Black & Decker Inc. | 2.51% | 284,300 | $27.1M | Add +33.0% |
| STT State Street Corp. | 2.46% | 344,600 | $26.6M | Reduce -15.6% |
| WBA Walgreens Boots Alliance Inc. | 2.32% | 1,285,600 | $25.1M | Reduce -30.4% |
| ABEV Ambev SA-ADR | 2.27% | 10,168,100 | $24.6M | Add +73.3% |
| VALE Vale SA-SP ADR | 2.21% | 1,973,900 | $23.9M | Reduce -0.7% |
| SYY Sysco Corp. | 1.89% | 254,200 | $20.5M | Add +7.8% |
| NOV Nov Inc. | 1.89% | 1,037,700 | $20.4M | Reduce -0.5% |
| WFC Wells Fargo & Co. | 1.84% | 345,499 | $19.9M | Reduce -64.6% |
| XOM Exxon Mobil Corp. | 1.79% | 165,283 | $19.3M | Reduce -27.4% |
| DOW Dow Inc. | 1.67% | 310,400 | $18.1M | Reduce -15.9% |
| KT KT Corp.-SP ADR | 1.63% | 1,275,810 | $17.6M | Reduce -56.7% |
| FDX FedEx Corp. | 1.41% | 54,600 | $15.3M | Reduce -15.1% |
| SEE Sealed Air Corp. | 1.34% | 391,900 | $14.4M | Reduce -15.5% |
| AXP American Express Co. | 1.06% | 50,523 | $11.5M | Reduce -56.1% |
Portfolio Sells Q4 2023 → Q1 2024
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −2.17 |
| WFC Wells Fargo & Co. | Reduce -64.6% | 1.84% | −1.86 |
| KT KT Corp.-SP ADR | Reduce -56.7% | 1.63% | −1.42 |
| WBA Walgreens Boots Alliance Inc. | Reduce -30.4% | 2.32% | −1.39 |
| ALV Autoliv Inc. | Sold out | 0.00% | −1.24 |
| EBAY eBay Inc. | Reduce -43.8% | 3.38% | −0.80 |
| AXP American Express Co. | Reduce -56.1% | 1.06% | −0.60 |
| LUV Southwest Airlines Co. | Reduce -26.2% | 4.92% | −0.57 |
| QVCG QVC Group Inc. | Sold out | 0.00% | −0.34 |
| MU Micron Technology Inc. | Reduce -47.1% | 3.45% | −0.28 |
| VALE Vale SA-SP ADR | Reduce -0.7% | 2.21% | −0.22 |
| STT State Street Corp. | Reduce -15.6% | 2.46% | +0.03 |
| SEE Sealed Air Corp. | Reduce -15.5% | 1.34% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -27.4% | 1.79% | +0.04 |
| DOW Dow Inc. | Reduce -15.9% | 1.67% | +0.11 |
| FDX FedEx Corp. | Reduce -15.1% | 1.41% | +0.16 |
| MDT Medtronic PLC | Reduce -15.7% | 2.69% | +0.17 |
| LBYAV Liberty Global PLC-A-Wi | Reduce -4.0% | 3.08% | +0.22 |
| NOV Nov Inc. | Reduce -0.5% | 1.89% | +0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -16.1% | 2.98% | +0.32 |
| CVS CVS Health Corp. | Reduce -12.8% | 6.33% | +0.33 |
| LYB Lyondellbasell Indu Class A | Reduce -15.9% | 4.61% | +0.36 |
| CHKP Check Point Software Tech | Reduce -16.0% | 4.56% | +0.36 |
| HOG Harley-Davidson Inc. | Reduce -15.9% | 2.55% | +0.41 |
| CMCSA Comcast Corp. Class A | Reduce -5.4% | 6.92% | +0.60 |
| KMX Carmax Inc. | Reduce -16.0% | 5.81% | +0.67 |
| HCA HCA Healthcare Inc. | Reduce -18.8% | 4.27% | +0.68 |
| AMG Affiliated Managers Group | Reduce -16.0% | 10.35% | +0.99 |
| CI The Cigna Group | Reduce -8.6% | 5.09% | +1.28 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $412.1M | AMG, CVS, LUV, DG, ABEV |
| Q1 2026 | 25 | $371.7M | AMG, DG, CVS, CMCSA, ABEV |
| Q4 2025 | 28 | $461.7M | AMG, DG, CVS, LUV, CMCSA |
| Q3 2025 | 28 | $498.9M | AMG, CVS, DG, CMCSA, CI |
| Q2 2025 | 27 | $497.3M | AMG, DG, CMCSA, CVS, CI |
| Q1 2025 | 29 | $524.7M | AMG, CMCSA, CVS, DG, LUV |
| Q4 2024 | 31 | $605.2M | AMG, CMCSA, KMX, LUV, DG |
| Q3 2024 | 33 | $735.7M | AMG, CMCSA, CVS, KMX, LUV |
| Q2 2024 | 33 | $824.8M | AMG, CMCSA, CVS, KMX, LUV |
| Q1 2024 | 30 | $1.1B | AMG, CMCSA, CVS, KMX, CI |