Kiltearn Partners LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Kiltearn Partners LLP reported 31 stock positions worth $605.2 million. Its top holding was Affiliated Managers (AMG) at 11.6% of the portfolio, followed by Comcast Class A (CMCSA, 7.8%) and Carmax (KMX, 6.5%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 7 and reduced 23. The biggest buy was a new position in Sunrise Communicat Class A (SNREY) and the biggest sale an exit from State Street (STT).
- Most Recent 13F
- Q2 2026
- Location
- Edinburgh, X0
- CIK
- 0001582633
- Portfolio Value
- $605.2M (Q4 2024)
- SEC Filing
- 0000950123-25-001697 ↗ filed Feb 12, 2025
Holdings Value
Holdings 31 stocks · $605.2M
| AMG Affiliated Managers Group | 11.64% | 380,814 | $70.4M | Reduce -18.0% |
| CMCSA Comcast Corp. Class A | 7.81% | 1,258,761 | $47.2M | Reduce -4.5% |
| KMX Carmax Inc. | 6.46% | 478,300 | $39.1M | Reduce -9.9% |
| LUV Southwest Airlines Co. | 6.28% | 1,129,683 | $38.0M | Reduce -9.7% |
| DG Dollar General Corp. | 4.98% | 397,300 | $30.1M | Add +13.5% |
| CVS CVS Health Corp. | 4.81% | 648,368 | $29.1M | Reduce -9.6% |
| CI The Cigna Group | 4.62% | 101,300 | $28.0M | Reduce -1.1% |
| MDT Medtronic PLC | 3.91% | 296,261 | $23.7M | Reduce -9.6% |
| ABEV Ambev SA-ADR | 3.90% | 12,758,300 | $23.6M | Add +4.7% |
| LYB Lyondellbasell Indu Class A | 3.74% | 304,500 | $22.6M | Reduce -9.4% |
| RHI Robert Half Inc. | 3.59% | 308,500 | $21.7M | Reduce -8.8% |
| LBYAV Liberty Global PLC-A-Wi | 2.78% | 1,319,337 | $16.8M | Reduce -8.9% |
| VALE Vale SA-SP ADR | 2.65% | 1,809,700 | $16.1M | Add +7.4% |
| PII Polaris Inc. | 2.61% | 274,200 | $15.8M | Add +77.3% |
| SEE Sealed Air Corp. | 2.56% | 458,400 | $15.5M | Reduce -9.7% |
| HCA HCA Healthcare Inc. | 2.46% | 49,700 | $14.9M | Reduce -9.3% |
| SWK Stanley Black & Decker Inc. | 2.35% | 177,400 | $14.2M | Reduce -9.7% |
| SNREY Sunrise Communicat Class A | 2.35% | 330,247 | $14.2M | New |
| SYY Sysco Corp. | 2.32% | 183,900 | $14.1M | Reduce -9.6% |
| GILD Gilead Sciences Inc. | 2.30% | 150,900 | $13.9M | Add +107.8% |
| EBAY eBay Inc. | 2.23% | 218,094 | $13.5M | Reduce -15.4% |
| TS Tenaris SA-ADR | 1.83% | 292,559 | $11.1M | Reduce -43.1% |
| FDX FedEx Corp. | 1.59% | 34,300 | $9.6M | Reduce -9.3% |
| NOV Nov Inc. | 1.56% | 648,700 | $9.5M | Reduce -9.5% |
| WBA Walgreens Boots Alliance Inc. | 1.56% | 1,010,000 | $9.4M | Add +12.6% |
| HOG Harley-Davidson Inc. | 1.54% | 309,720 | $9.3M | Reduce -9.6% |
| CHKP Check Point Software Tech | 1.38% | 44,700 | $8.3M | Reduce -58.0% |
| XOM Exxon Mobil Corp. | 1.29% | 72,683 | $7.8M | Reduce -9.6% |
| G Genpact Ltd. | 1.24% | 174,650 | $7.5M | Reduce -10.6% |
| MU Micron Technology Inc. | 0.84% | 60,576 | $5.1M | Reduce -10.1% |
| SOLV Solventum Corp. | 0.80% | 73,500 | $4.9M | Add +80.6% |
Portfolio Sells Q3 2024 → Q4 2024
| STT State Street Corp. | Sold out | 0.00% | −1.96 |
| CHKP Check Point Software Tech | Reduce -58.0% | 1.38% | −1.41 |
| LBYAV Liberty Global PLC-A-Wi | Reduce -8.9% | 2.78% | −1.37 |
| CVS CVS Health Corp. | Reduce -9.6% | 4.81% | −1.32 |
| KT KT Corp.-SP ADR | Sold out | 0.00% | −0.70 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −0.66 |
| LYB Lyondellbasell Indu Class A | Reduce -9.4% | 3.74% | −0.65 |
| SWK Stanley Black & Decker Inc. | Reduce -9.7% | 2.35% | −0.59 |
| HCA HCA Healthcare Inc. | Reduce -9.3% | 2.46% | −0.56 |
| TS Tenaris SA-ADR | Reduce -43.1% | 1.83% | −0.40 |
| HOG Harley-Davidson Inc. | Reduce -9.6% | 1.54% | −0.25 |
| CI The Cigna Group | Reduce -1.1% | 4.62% | −0.20 |
| MU Micron Technology Inc. | Reduce -10.1% | 0.84% | −0.11 |
| MDT Medtronic PLC | Reduce -9.6% | 3.91% | −0.10 |
| EBAY eBay Inc. | Reduce -15.4% | 2.23% | −0.05 |
| NOV Nov Inc. | Reduce -9.5% | 1.56% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -9.6% | 1.29% | +0.01 |
| SEE Sealed Air Corp. | Reduce -9.7% | 2.56% | +0.06 |
| SYY Sysco Corp. | Reduce -9.6% | 2.32% | +0.16 |
| FDX FedEx Corp. | Reduce -9.3% | 1.59% | +0.19 |
| G Genpact Ltd. | Reduce -10.6% | 1.24% | +0.20 |
| CMCSA Comcast Corp. Class A | Reduce -4.5% | 7.81% | +0.32 |
| AMG Affiliated Managers Group | Reduce -18.0% | 11.64% | +0.41 |
| RHI Robert Half Inc. | Reduce -8.8% | 3.59% | +0.49 |
| KMX Carmax Inc. | Reduce -9.9% | 6.46% | +0.88 |
| LUV Southwest Airlines Co. | Reduce -9.7% | 6.28% | +1.24 |
Portfolio Buys Q3 2024 → Q4 2024
| SNREY Sunrise Communicat Class A | New | 2.35% | +2.35 |
| GILD Gilead Sciences Inc. | Add +107.8% | 2.30% | +1.48 |
| DG Dollar General Corp. | Add +13.5% | 4.98% | +0.95 |
| PII Polaris Inc. | Add +77.3% | 2.61% | +0.86 |
| WBA Walgreens Boots Alliance Inc. | Add +12.6% | 1.56% | +0.46 |
| SOLV Solventum Corp. | Add +80.6% | 0.80% | +0.42 |
| VALE Vale SA-SP ADR | Add +7.4% | 2.65% | −0.02 |
| ABEV Ambev SA-ADR | Add +4.7% | 3.90% | −0.14 |
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 |