Lansdowne Partners (uk) LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 20, 2025), Lansdowne Partners (uk) LLP reported 35 stock positions worth $1.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 20.1% of the portfolio, followed by CRH (CRH, 17.4%) and Ryanair Holdings PLC-SP ADR (RYAAY, 16.7%). Compared with Q4 2023, it opened 6 new positions, sold out of 6, added to 8 and reduced 21. The biggest buy was Delta Air Lines (DAL, shares +195%) and the biggest sale Linde (LIN, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001608485
- Portfolio Value
- $1.5B (Q1 2024)
- SEC Filing
- 0000919574-25-003305 ↗ filed May 20, 2025
Holdings Value
Holdings 35 stocks · $1.5B
| TSM Taiwan Semiconductor-SP ADR | 20.06% | 2,278,964 | $310.1M | Add +9.8% |
| CRH CRH PLC | 17.39% | 3,115,598 | $268.8M | Reduce -1.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 16.74% | 1,776,552 | $258.6M | Reduce -4.2% |
| LIN Linde PLC | 11.31% | 376,550 | $174.8M | Reduce -28.6% |
| DAL Delta Air Lines Inc. | 9.34% | 3,015,677 | $144.4M | Add +194.9% |
| AMZN Amazon.com Inc. | 7.38% | 632,237 | $114.0M | Add +35.7% |
| GOLF Acushnet Holdings Corp. | 3.82% | 894,467 | $59.0M | Reduce -2.2% |
| FCX Freeport-McMoran Inc. | 3.18% | 1,044,102 | $49.1M | Reduce -26.0% |
| ADI Analog Devices Inc. | 2.43% | 189,913 | $37.6M | Reduce -23.9% |
| ETN Eaton Corp. PLC | 2.29% | 113,384 | $35.5M | Reduce -32.2% |
| LLY Eli Lilly & Co. | 1.52% | 30,289 | $23.6M | Reduce -36.7% |
| IEUR iShares Core MSCI Europe ETF | 1.40% | 624,535 | $21.6M | Reduce -51.7% |
| SHCO Soho House & Co. Inc. | 0.96% | 2,619,625 | $14.9M | Add +0.0% |
| IONQ Ionq Inc. | 0.90% | 1,389,710 | $13.9M | Add +63.3% |
| MRNA Moderna Inc. | 0.25% | 36,000 | $3.8M | Reduce -47.8% |
| MSFT Microsoft Corp. | 0.12% | 4,584 | $1.9M | Reduce -1.7% |
| EH Ehang Holdings Ltd.-SPS ADR | 0.12% | 92,214 | $1.9M | Reduce -61.9% |
| MAR Marriott International Class A | 0.09% | 5,287 | $1.3M | New |
| DADA Dada Nexus Ltd.-ADR | 0.08% | 617,766 | $1.3M | Reduce -27.9% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.08% | 60,951 | $1.2M | Reduce -61.7% |
| SPOT Spotify Technology SA | 0.08% | 4,629 | $1.2M | Add +36.6% |
| BIDU Baidu Inc. - Spon ADR | 0.06% | 8,752 | $921K | Reduce -79.8% |
| LI Li Auto Inc. - ADR | 0.06% | 29,125 | $882K | Reduce -62.3% |
| HSAI Hesai Group | 0.05% | 149,262 | $755K | Add +69.2% |
| AEM Agnico Eagle Mines Ltd. | 0.05% | 12,386 | $739K | Add +3.2% |
| EPAM Epam Systems Inc. | 0.04% | 2,371 | $655K | Reduce -18.8% |
| IQ Iqiyi Inc.-ADR | 0.04% | 139,192 | $589K | Reduce -35.6% |
| TXN Texas Instruments Inc. | 0.03% | 2,279 | $397K | New |
| SIMO Silicon Motion Technol-ADR | 0.02% | 4,694 | $361K | New |
| B Barrick Gold Corp. | 0.02% | 20,144 | $335K | Reduce -95.6% |
| FTV Fortive Corp. | 0.02% | 3,745 | $322K | New |
| VMC Vulcan Materials Co. | 0.02% | 1,159 | $316K | Reduce -44.1% |
| ROK Rockwell Automation Inc. | 0.02% | 920 | $268K | New |
| RBLX Roblox Corp. Class A | 0.02% | 6,769 | $258K | Reduce -33.3% |
| BILI Bilibili Inc.-Sponsored ADR | 0.02% | 23,000 | $258K | New |
Portfolio Sells Q4 2023 → Q1 2024
| LIN Linde PLC | Reduce -28.6% | 11.31% | −4.57 |
| IEUR iShares Core MSCI Europe ETF | Reduce -51.7% | 1.40% | −1.74 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -4.2% | 16.74% | −1.41 |
| FCX Freeport-McMoran Inc. | Reduce -26.0% | 3.18% | −1.23 |
| ADI Analog Devices Inc. | Reduce -23.9% | 2.43% | −1.20 |
| ETN Eaton Corp. PLC | Reduce -32.2% | 2.29% | −0.66 |
| B Barrick Gold Corp. | Reduce -95.6% | 0.02% | −0.58 |
| LLY Eli Lilly & Co. | Reduce -36.7% | 1.52% | −0.52 |
| GOLF Acushnet Holdings Corp. | Reduce -2.2% | 3.82% | −0.42 |
| BIDU Baidu Inc. - Spon ADR | Reduce -79.8% | 0.06% | −0.32 |
| MRNA Moderna Inc. | Reduce -47.8% | 0.25% | −0.26 |
| EH Ehang Holdings Ltd.-SPS ADR | Reduce -61.9% | 0.12% | −0.18 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -61.7% | 0.08% | −0.16 |
| LI Li Auto Inc. - ADR | Reduce -62.3% | 0.06% | −0.15 |
| DADA Dada Nexus Ltd.-ADR | Reduce -27.9% | 0.08% | −0.13 |
| HUYA Huya Inc.-ADR | Sold out | 0.00% | −0.08 |
| RERE Atrenew Inc. | Sold out | 0.00% | −0.07 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −0.07 |
| LU Lufax Holding Ltd.-ADR | Sold out | 0.00% | −0.06 |
| IQ Iqiyi Inc.-ADR | Reduce -35.6% | 0.04% | −0.04 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.03 |
| EPAM Epam Systems Inc. | Reduce -18.8% | 0.04% | −0.02 |
| RBLX Roblox Corp. Class A | Reduce -33.3% | 0.02% | −0.02 |
| VMC Vulcan Materials Co. | Reduce -44.1% | 0.02% | −0.01 |
| MSFT Microsoft Corp. | Reduce -1.7% | 0.12% | −0.00 |
| YATSEN HLDG LTD | Sold out | 0.00% | −0.00 |
| CRH CRH PLC | Reduce -1.9% | 17.39% | +1.28 |
Portfolio Buys Q4 2023 → Q1 2024
| DAL Delta Air Lines Inc. | Add +194.9% | 9.34% | +6.32 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.8% | 20.06% | +4.22 |
| AMZN Amazon.com Inc. | Add +35.7% | 7.38% | +2.19 |
| IONQ Ionq Inc. | Add +63.3% | 0.90% | +0.12 |
| MAR Marriott International Class A | New | 0.09% | +0.09 |
| SPOT Spotify Technology SA | Add +36.6% | 0.08% | +0.03 |
| TXN Texas Instruments Inc. | New | 0.03% | +0.03 |
| SIMO Silicon Motion Technol-ADR | New | 0.02% | +0.02 |
| FTV Fortive Corp. | New | 0.02% | +0.02 |
| ROK Rockwell Automation Inc. | New | 0.02% | +0.02 |
| BILI Bilibili Inc.-Sponsored ADR | New | 0.02% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +3.2% | 0.05% | −0.00 |
| HSAI Hesai Group | Add +69.2% | 0.05% | −0.01 |
| SHCO Soho House & Co. Inc. | Add +0.0% | 0.96% | −0.41 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $2.4B | TSM, ARM, DAL, ADI, UAL |
| Q1 2026 | 22 | $1.9B | TSM, LIN, ADI, DAL, SLB |
| Q4 2025 | 24 | $1.4B | TSM, ADI, DAL, UAL, LIN |
| Q3 2025Amended | 21 | $1.2B | TSM, LIN, DAL, UAL, CRH |
| Q2 2025 | 21 | $769.9M | TSM, LIN, DAL, UAL, FCX |
| Q1 2025 | 20 | $706.1M | LIN, CRH, DAL, SW, TSM |
| Q4 2024Amended | 24 | $1.4B | TSM, SW, DAL, CRH, LIN |
| Q3 2024Amended | 25 | $1.3B | TSM, SW, CRH, LIN, DAL |
| Q2 2024Amended | 26 | $1.3B | TSM, CRH, LIN, DAL, AMZN |
| Q1 2024Amended | 35 | $1.5B | TSM, CRH, RYAAY, LIN, DAL |