Kiltearn Partners LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Kiltearn Partners LLP reported 29 stock positions worth $524.7 million. Its top holding was Affiliated Managers (AMG) at 10.4% of the portfolio, followed by Comcast Class A (CMCSA, 8.1%) and CVS Health (CVS, 7.1%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 1 and reduced 27. The biggest buy was a new position in United Parcel Service Class B (UPS) and the biggest sale an exit from Sunrise Communicat Class A (SNREY).
- Most Recent 13F
- Q2 2026
- Location
- Edinburgh, X0
- CIK
- 0001582633
- Portfolio Value
- $524.7M (Q1 2025)
- SEC Filing
- 0000950123-25-005081 ↗ filed May 14, 2025
Holdings Value
Holdings 29 stocks · $524.7M
| AMG Affiliated Managers Group | 10.43% | 325,614 | $54.7M | Reduce -14.5% |
| CMCSA Comcast Corp. Class A | 8.06% | 1,146,261 | $42.3M | Reduce -8.9% |
| CVS CVS Health Corp. | 7.14% | 553,168 | $37.5M | Reduce -14.7% |
| DG Dollar General Corp. | 6.25% | 372,700 | $32.8M | Reduce -6.2% |
| LUV Southwest Airlines Co. | 6.18% | 965,383 | $32.4M | Reduce -14.5% |
| CI The Cigna Group | 5.95% | 94,900 | $31.2M | Reduce -6.3% |
| KMX Carmax Inc. | 5.93% | 399,500 | $31.1M | Reduce -16.5% |
| ABEV Ambev SA-ADR | 5.04% | 11,361,500 | $26.5M | Reduce -10.9% |
| MDT Medtronic PLC | 4.31% | 251,561 | $22.6M | Reduce -15.1% |
| LYB Lyondellbasell Indu Class A | 3.63% | 270,900 | $19.1M | Reduce -11.0% |
| GILD Gilead Sciences Inc. | 3.12% | 146,000 | $16.4M | Reduce -3.3% |
| VALE Vale SA-SP ADR | 3.11% | 1,632,836 | $16.3M | Reduce -9.8% |
| HCA HCA Healthcare Inc. | 2.81% | 42,700 | $14.8M | Reduce -14.1% |
| RHI Robert Half Inc. | 2.79% | 268,700 | $14.7M | Reduce -12.9% |
| LBYAV Liberty Global PLC-A-Wi | 2.48% | 1,128,637 | $13.0M | Reduce -14.4% |
| SYY Sysco Corp. | 2.41% | 168,500 | $12.6M | Reduce -8.4% |
| EBAY eBay Inc. | 2.40% | 186,194 | $12.6M | Reduce -14.6% |
| SWK Stanley Black & Decker Inc. | 2.36% | 160,900 | $12.4M | Reduce -9.3% |
| SEE Sealed Air Corp. | 2.16% | 392,300 | $11.3M | Reduce -14.4% |
| PII Polaris Inc. | 1.95% | 249,300 | $10.2M | Reduce -9.1% |
| NOV Nov Inc. | 1.61% | 554,200 | $8.4M | Reduce -14.6% |
| SOLV Solventum Corp. | 1.46% | 100,600 | $7.6M | Add +36.9% |
| G Genpact Ltd. | 1.43% | 148,750 | $7.5M | Reduce -14.8% |
| XOM Exxon Mobil Corp. | 1.41% | 62,283 | $7.4M | Reduce -14.3% |
| FDX FedEx Corp. | 1.38% | 29,600 | $7.2M | Reduce -13.7% |
| TS Tenaris SA-ADR | 1.28% | 171,959 | $6.7M | Reduce -41.2% |
| HOG Harley-Davidson Inc. | 1.28% | 265,820 | $6.7M | Reduce -14.2% |
| UPS United Parcel Service Class B | 1.07% | 51,200 | $5.6M | New |
| WBA Walgreens Boots Alliance Inc. | 0.58% | 272,700 | $3.0M | Reduce -73.0% |
Portfolio Sells Q4 2024 → Q1 2025
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −2.35 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −1.38 |
| AMG Affiliated Managers Group | Reduce -14.5% | 10.43% | −1.21 |
| WBA Walgreens Boots Alliance Inc. | Reduce -73.0% | 0.58% | −0.98 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.84 |
| RHI Robert Half Inc. | Reduce -12.9% | 2.79% | −0.80 |
| PII Polaris Inc. | Reduce -9.1% | 1.95% | −0.67 |
| TS Tenaris SA-ADR | Reduce -41.2% | 1.28% | −0.55 |
| KMX Carmax Inc. | Reduce -16.5% | 5.93% | −0.53 |
| SEE Sealed Air Corp. | Reduce -14.4% | 2.16% | −0.40 |
| LBYAV Liberty Global PLC-A-Wi | Reduce -14.4% | 2.48% | −0.31 |
| HOG Harley-Davidson Inc. | Reduce -14.2% | 1.28% | −0.26 |
| FDX FedEx Corp. | Reduce -13.7% | 1.38% | −0.22 |
| LYB Lyondellbasell Indu Class A | Reduce -11.0% | 3.63% | −0.10 |
| LUV Southwest Airlines Co. | Reduce -14.5% | 6.18% | −0.10 |
| SWK Stanley Black & Decker Inc. | Reduce -9.3% | 2.36% | +0.00 |
| NOV Nov Inc. | Reduce -14.6% | 1.61% | +0.04 |
| SYY Sysco Corp. | Reduce -8.4% | 2.41% | +0.09 |
| XOM Exxon Mobil Corp. | Reduce -14.3% | 1.41% | +0.12 |
| EBAY eBay Inc. | Reduce -14.6% | 2.40% | +0.17 |
| G Genpact Ltd. | Reduce -14.8% | 1.43% | +0.19 |
| CMCSA Comcast Corp. Class A | Reduce -8.9% | 8.06% | +0.26 |
| HCA HCA Healthcare Inc. | Reduce -14.1% | 2.81% | +0.35 |
| MDT Medtronic PLC | Reduce -15.1% | 4.31% | +0.40 |
| VALE Vale SA-SP ADR | Reduce -9.8% | 3.11% | +0.45 |
| GILD Gilead Sciences Inc. | Reduce -3.3% | 3.12% | +0.81 |
| ABEV Ambev SA-ADR | Reduce -10.9% | 5.04% | +1.15 |
| DG Dollar General Corp. | Reduce -6.2% | 6.25% | +1.27 |
| CI The Cigna Group | Reduce -6.3% | 5.95% | +1.33 |
| CVS CVS Health Corp. | Reduce -14.7% | 7.14% | +2.33 |
Portfolio Buys Q4 2024 → Q1 2025
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 |