Lansdowne Partners (uk) LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed May 15, 2025), Lansdowne Partners (uk) LLP reported 25 stock positions worth $1.3 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 24.3% of the portfolio, followed by Smurfit Westrock (SW, 19.7%) and CRH (CRH, 14.8%). Compared with Q2 2024, it opened 3 new positions, sold out of 4, added to 12 and reduced 10. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale Amazon.com (AMZN, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001608485
- Portfolio Value
- $1.3B (Q3 2024)
- SEC Filing
- 0000919574-25-003180 ↗ filed May 15, 2025
Holdings Value
Holdings 25 stocks · $1.3B
| TSM Taiwan Semiconductor-SP ADR | 24.26% | 1,786,780 | $310.3M | Reduce -18.1% |
| SW Smurfit Westrock PLC | 19.67% | 5,092,557 | $251.7M | New |
| CRH CRH PLC | 14.78% | 2,038,577 | $189.1M | Reduce -32.2% |
| LIN Linde PLC | 13.25% | 358,300 | $169.5M | Reduce -10.2% |
| DAL Delta Air Lines Inc. | 8.17% | 2,058,246 | $104.5M | Reduce -29.0% |
| FCX Freeport-McMoran Inc. | 6.19% | 1,585,371 | $79.1M | Add +80.1% |
| ADI Analog Devices Inc. | 3.56% | 197,966 | $45.6M | Add +107.2% |
| GOLF Acushnet Holdings Corp. | 2.86% | 573,775 | $36.6M | Reduce -12.7% |
| ETN Eaton Corp. PLC | 2.33% | 89,987 | $29.8M | Add +0.1% |
| SHCO Soho House & Co. Inc. | 1.06% | 2,622,626 | $13.5M | Add +0.1% |
| LLY Eli Lilly & Co. | 1.01% | 14,647 | $13.0M | Reduce -5.5% |
| IONQ Ionq Inc. | 0.91% | 1,315,118 | $11.6M | Reduce -1.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.79% | 224,872 | $10.2M | Reduce -64.1% |
| TXN Texas Instruments Inc. | 0.21% | 12,945 | $2.7M | Add +11.6% |
| AMZN Amazon.com Inc. | 0.18% | 12,517 | $2.3M | Reduce -97.2% |
| MAR Marriott International Class A | 0.17% | 10,842 | $2.2M | Add +70.9% |
| FLUT Flutter Entertainment PLC-Di | 0.11% | 5,984 | $1.4M | Add +11.2% |
| B Barrick Gold Corp. | 0.09% | 60,674 | $1.2M | Add +57.5% |
| JD Jd.com Inc.-ADR | 0.08% | 25,222 | $1.0M | New |
| AEM Agnico Eagle Mines Ltd. | 0.08% | 12,005 | $967K | New |
| BILI Bilibili Inc.-Sponsored ADR | 0.06% | 33,645 | $787K | Add +17.6% |
| SPOT Spotify Technology SA | 0.05% | 1,839 | $678K | Reduce -27.1% |
| FTV Fortive Corp. | 0.05% | 7,953 | $628K | Add +35.0% |
| ROK Rockwell Automation Inc. | 0.03% | 1,578 | $424K | Add +21.9% |
| VMC Vulcan Materials Co. | 0.03% | 1,452 | $364K | Add +25.8% |
Portfolio Sells Q2 2024 → Q3 2024
| AMZN Amazon.com Inc. | Reduce -97.2% | 0.18% | −6.46 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.1% | 24.26% | −5.44 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -64.1% | 0.79% | −4.92 |
| CRH CRH PLC | Reduce -32.2% | 14.78% | −2.89 |
| DAL Delta Air Lines Inc. | Reduce -29.0% | 8.17% | −2.59 |
| IEUR iShares Core MSCI Europe ETF | Sold out | 0.00% | −1.33 |
| LIN Linde PLC | Reduce -10.2% | 13.25% | −0.46 |
| GOLF Acushnet Holdings Corp. | Reduce -12.7% | 2.86% | −0.41 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.19 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -5.5% | 1.01% | −0.08 |
| IQ Iqiyi Inc.-ADR | Sold out | 0.00% | −0.04 |
| SPOT Spotify Technology SA | Reduce -27.1% | 0.05% | −0.01 |
| IONQ Ionq Inc. | Reduce -1.2% | 0.91% | +0.18 |
Portfolio Buys Q2 2024 → Q3 2024
| SW Smurfit Westrock PLC | New | 19.67% | +19.67 |
| FCX Freeport-McMoran Inc. | Add +80.1% | 6.19% | +2.84 |
| ADI Analog Devices Inc. | Add +107.2% | 3.56% | +1.85 |
| ETN Eaton Corp. PLC | Add +0.1% | 2.33% | +0.13 |
| JD Jd.com Inc.-ADR | New | 0.08% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | New | 0.08% | +0.08 |
| MAR Marriott International Class A | Add +70.9% | 0.17% | +0.05 |
| B Barrick Gold Corp. | Add +57.5% | 0.09% | +0.04 |
| FLUT Flutter Entertainment PLC-Di | Add +11.2% | 0.11% | +0.03 |
| TXN Texas Instruments Inc. | Add +11.6% | 0.21% | +0.03 |
| BILI Bilibili Inc.-Sponsored ADR | Add +17.6% | 0.06% | +0.03 |
| FTV Fortive Corp. | Add +35.0% | 0.05% | +0.01 |
| VMC Vulcan Materials Co. | Add +25.8% | 0.03% | +0.01 |
| ROK Rockwell Automation Inc. | Add +21.9% | 0.03% | +0.01 |
| SHCO Soho House & Co. Inc. | Add +0.1% | 1.06% | −0.03 |
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 |