Kiltearn Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Kiltearn Partners LLP reported 28 stock positions worth $498.9 million. Its top holding was Affiliated Managers (AMG) at 13.6% of the portfolio, followed by CVS Health (CVS, 8.0%) and Dollar General (DG, 7.9%). Compared with Q2 2025, it opened 1 new position, added to 9 and reduced 18. The biggest buy was a new position in LKQ (LKQ) and the biggest sale Carmax (KMX, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Edinburgh, X0
- CIK
- 0001582633
- Portfolio Value
- $498.9M (Q3 2025)
- SEC Filing
- 0000929638-25-004235 ↗ filed Nov 13, 2025
Holdings Value
Holdings 28 stocks · $498.9M
| AMG Affiliated Managers Group | 13.56% | 283,814 | $67.7M | Reduce -5.4% |
| CVS CVS Health Corp. | 8.01% | 530,168 | $40.0M | Add +1.6% |
| DG Dollar General Corp. | 7.87% | 379,800 | $39.3M | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 6.83% | 1,084,861 | $34.1M | Add +2.5% |
| CI The Cigna Group | 5.65% | 97,800 | $28.2M | Add +8.8% |
| LUV Southwest Airlines Co. | 5.47% | 855,383 | $27.3M | Reduce -4.1% |
| ABEV Ambev SA-ADR | 4.94% | 11,045,700 | $24.6M | Add +5.6% |
| MDT Medtronic PLC | 4.13% | 216,561 | $20.6M | Reduce -7.0% |
| HCA HCA Healthcare Inc. | 3.65% | 42,700 | $18.2M | Add +8.1% |
| KMX Carmax Inc. | 3.39% | 376,600 | $16.9M | Reduce -3.8% |
| GILD Gilead Sciences Inc. | 3.24% | 145,800 | $16.2M | Add +8.5% |
| RHI Robert Half Inc. | 3.15% | 462,400 | $15.7M | Add +40.6% |
| VALE Vale SA-SP ADR | 3.04% | 1,394,936 | $15.1M | Reduce -7.2% |
| SWK Stanley Black & Decker Inc. | 2.75% | 184,500 | $13.7M | Reduce -6.8% |
| EBAY eBay Inc. | 2.62% | 143,794 | $13.1M | Reduce -16.4% |
| LYB Lyondellbasell Indu Class A | 2.45% | 249,000 | $12.2M | Reduce -6.5% |
| SYY Sysco Corp. | 2.39% | 144,900 | $11.9M | Reduce -7.2% |
| SEE Sealed Air Corp. | 2.38% | 335,500 | $11.9M | Reduce -7.7% |
| TS Tenaris SA-ADR | 2.14% | 298,459 | $10.7M | Reduce -6.6% |
| LBYAV Liberty Global PLC-A-Wi | 2.05% | 892,837 | $10.2M | Reduce -7.4% |
| FDX FedEx Corp. | 1.52% | 32,200 | $7.6M | Add +4.2% |
| LKQ LKQ Corp. | 1.41% | 230,900 | $7.1M | New |
| SOLV Solventum Corp. | 1.36% | 93,000 | $6.8M | Reduce -6.5% |
| HOG Harley-Davidson Inc. | 1.28% | 228,320 | $6.4M | Reduce -7.9% |
| NOV Nov Inc. | 1.27% | 478,100 | $6.3M | Reduce -7.5% |
| XOM Exxon Mobil Corp. | 1.22% | 53,783 | $6.1M | Reduce -7.6% |
| UPS United Parcel Service Class B | 1.15% | 68,400 | $5.7M | Add +7.5% |
| G Genpact Ltd. | 1.09% | 129,950 | $5.4M | Reduce -6.5% |
Portfolio Sells Q2 2025 → Q3 2025
| KMX Carmax Inc. | Reduce -3.8% | 3.39% | −1.90 |
| DG Dollar General Corp. | Reduce -1.2% | 7.87% | −0.97 |
| LYB Lyondellbasell Indu Class A | Reduce -6.5% | 2.45% | −0.65 |
| LUV Southwest Airlines Co. | Reduce -4.1% | 5.47% | −0.35 |
| TS Tenaris SA-ADR | Reduce -6.6% | 2.14% | −0.26 |
| SOLV Solventum Corp. | Reduce -6.5% | 1.36% | −0.16 |
| G Genpact Ltd. | Reduce -6.5% | 1.09% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -7.6% | 1.22% | −0.05 |
| NOV Nov Inc. | Reduce -7.5% | 1.27% | −0.02 |
| SYY Sysco Corp. | Reduce -7.2% | 2.39% | +0.01 |
| EBAY eBay Inc. | Reduce -16.4% | 2.62% | +0.05 |
| SWK Stanley Black & Decker Inc. | Reduce -6.8% | 2.75% | +0.05 |
| MDT Medtronic PLC | Reduce -7.0% | 4.13% | +0.05 |
| HOG Harley-Davidson Inc. | Reduce -7.9% | 1.28% | +0.10 |
| VALE Vale SA-SP ADR | Reduce -7.2% | 3.04% | +0.10 |
| SEE Sealed Air Corp. | Reduce -7.7% | 2.38% | +0.11 |
| LBYAV Liberty Global PLC-A-Wi | Reduce -7.4% | 2.05% | +0.11 |
| AMG Affiliated Managers Group | Reduce -5.4% | 13.56% | +1.69 |
Portfolio Buys Q2 2025 → Q3 2025
| LKQ LKQ Corp. | New | 1.41% | +1.41 |
| CVS CVS Health Corp. | Add +1.6% | 8.01% | +0.78 |
| HCA HCA Healthcare Inc. | Add +8.1% | 3.65% | +0.60 |
| RHI Robert Half Inc. | Add +40.6% | 3.15% | +0.43 |
| GILD Gilead Sciences Inc. | Add +8.5% | 3.24% | +0.25 |
| FDX FedEx Corp. | Add +4.2% | 1.52% | +0.11 |
| ABEV Ambev SA-ADR | Add +5.6% | 4.94% | −0.13 |
| UPS United Parcel Service Class B | Add +7.5% | 1.15% | −0.15 |
| CI The Cigna Group | Add +8.8% | 5.65% | −0.33 |
| CMCSA Comcast Corp. Class A | Add +2.5% | 6.83% | −0.76 |
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 |