Lancaster Investment Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Lancaster Investment Management reported 8 stock positions worth $312.9 million. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 33.6% of the portfolio, followed by Autoliv (ALV, 32.7%) and Liberty Global Class A (LBTYA, 14.4%). Compared with Q1 2025, it opened 2 new positions and added to 5. The biggest buy was a new position in Flutter Entertainment PLC-Di (FLUT).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001630064
- Portfolio Value
- $312.9M (Q2 2025)
- SEC Filing
- 0001630064-25-000005 ↗ filed Jul 29, 2025
Holdings Value
Holdings 8 stocks · $312.9M
| FLUT Flutter Entertainment PLC-Di | 33.56% | 367,377 | $105.0M | New |
| ALV Autoliv Inc. | 32.66% | 913,060 | $102.2M | Add +1.1% |
| LBTYA Liberty Global Ltd. Class A | 14.42% | 4,506,798 | $45.1M | Add +91.5% |
| NKE Nike Inc. Class B | 7.93% | 349,379 | $24.8M | New |
| HDB HDFC Bank Ltd.-ADR | 5.66% | 231,000 | $17.7M | Add +6.5% |
| MANU Manchester United PLC Class A | 5.07% | 890,351 | $15.9M | Add +1.1% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.51% | 110,000 | $1.6M | No change |
| VFC VF Corp. | 0.20% | 53,229 | $625K | Add +90.1% |
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
| FLUT Flutter Entertainment PLC-Di | New | 33.56% | +33.56 |
| NKE Nike Inc. Class B | New | 7.93% | +7.93 |
| VFC VF Corp. | Add +90.1% | 0.20% | −0.12 |
| MANU Manchester United PLC Class A | Add +1.1% | 5.07% | −3.48 |
| HDB HDFC Bank Ltd.-ADR | Add +6.5% | 5.66% | −5.03 |
| LBTYA Liberty Global Ltd. Class A | Add +91.5% | 14.42% | −5.67 |
| ALV Autoliv Inc. | Add +1.1% | 32.66% | −26.59 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $165.4M | LBTYA, ECHO, FLUT, MANU, GGAL |
| Q1 2026 | 8 | $179.7M | LBTYA, FLUT, ALV, DKS, MANU |
| Q4 2025 | 8 | $195.0M | ALV, LBTYA, FLUT, DKS, HDB |
| Q3 2025 | 8 | $233.3M | ALV, LBTYA, FLUT, DKS, HDB |
| Q2 2025 | 8 | $312.9M | FLUT, ALV, LBTYA, NKE, HDB |
| Q1 2025 | 6 | $134.9M | ALV, LBTYA, HDB, MANU, GLRE |
| Q4 2024 | 5 | $112.9M | ALV, LBTYA, MANU, HDB, GLRE |
| Q3 2024 | 7 | $159.5M | LBTYA, ALV, RYAAY, HDB, VFC |
| Q2 2024 | 6 | $153.1M | ALV, LBTYA, RYAAY, HDB, MRNA |
| Q1 2024 | 5 | $125.3M | ALV, LBTYA, RYAAY, HDB, GLRE |