Lansdowne Partners (uk) LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 15, 2025), Lansdowne Partners (uk) LLP reported 24 stock positions worth $1.4 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 23.8% of the portfolio, followed by Smurfit Westrock (SW, 16.3%) and Delta Air Lines (DAL, 15.1%). Compared with Q3 2024, it opened 1 new position, sold out of 2, added to 8 and reduced 14. The biggest buy was Delta Air Lines (DAL, shares +67%) and the biggest sale Freeport-McMoran (FCX, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001608485
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0000919574-25-003183 ↗ filed May 15, 2025
Holdings Value
Holdings 24 stocks · $1.4B
| TSM Taiwan Semiconductor-SP ADR | 23.85% | 1,662,077 | $328.2M | Reduce -7.0% |
| SW Smurfit Westrock PLC | 16.25% | 4,154,231 | $223.7M | Reduce -18.4% |
| DAL Delta Air Lines Inc. | 15.14% | 3,445,447 | $208.4M | Add +67.4% |
| CRH CRH PLC | 13.20% | 1,963,243 | $181.6M | Reduce -3.7% |
| LIN Linde PLC | 12.77% | 419,786 | $175.8M | Add +17.2% |
| ADI Analog Devices Inc. | 4.33% | 280,460 | $59.6M | Add +41.7% |
| IONQ Ionq Inc. | 3.04% | 1,001,513 | $41.8M | Reduce -23.9% |
| GOLF Acushnet Holdings Corp. | 2.91% | 563,196 | $40.0M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 2.47% | 155,282 | $34.1M | Add +1140.6% |
| ETN Eaton Corp. PLC | 1.99% | 82,454 | $27.4M | Reduce -8.4% |
| SHCO Soho House & Co. Inc. | 1.39% | 2,573,790 | $19.2M | Reduce -1.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.92% | 291,053 | $12.7M | Add +29.4% |
| FCX Freeport-McMoran Inc. | 0.77% | 278,962 | $10.6M | Reduce -82.4% |
| TXN Texas Instruments Inc. | 0.22% | 16,469 | $3.1M | Add +27.2% |
| MAR Marriott International Class A | 0.21% | 10,402 | $2.9M | Reduce -4.1% |
| ROK Rockwell Automation Inc. | 0.13% | 6,129 | $1.8M | Add +288.4% |
| MRNA Moderna Inc. | 0.11% | 35,000 | $1.5M | New |
| FTV Fortive Corp. | 0.08% | 14,369 | $1.1M | Add +80.7% |
| FLUT Flutter Entertainment PLC-Di | 0.06% | 3,401 | $879K | Reduce -43.2% |
| BILI Bilibili Inc.-Sponsored ADR | 0.04% | 33,645 | $609K | No change |
| B Barrick Gold Corp. | 0.04% | 36,122 | $560K | Reduce -40.5% |
| AEM Agnico Eagle Mines Ltd. | 0.03% | 5,738 | $449K | Reduce -52.2% |
| VMC Vulcan Materials Co. | 0.02% | 1,155 | $297K | Reduce -20.4% |
| SPOT Spotify Technology SA | 0.02% | 527 | $236K | Reduce -71.3% |
Portfolio Sells Q3 2024 → Q4 2024
| FCX Freeport-McMoran Inc. | Reduce -82.4% | 0.77% | −5.42 |
| SW Smurfit Westrock PLC | Reduce -18.4% | 16.25% | −3.42 |
| CRH CRH PLC | Reduce -3.7% | 13.20% | −1.58 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −1.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.0% | 23.85% | −0.41 |
| ETN Eaton Corp. PLC | Reduce -8.4% | 1.99% | −0.34 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.08 |
| B Barrick Gold Corp. | Reduce -40.5% | 0.04% | −0.05 |
| FLUT Flutter Entertainment PLC-Di | Reduce -43.2% | 0.06% | −0.05 |
| AEM Agnico Eagle Mines Ltd. | Reduce -52.2% | 0.03% | −0.04 |
| SPOT Spotify Technology SA | Reduce -71.3% | 0.02% | −0.04 |
| VMC Vulcan Materials Co. | Reduce -20.4% | 0.02% | −0.01 |
| MAR Marriott International Class A | Reduce -4.1% | 0.21% | +0.04 |
| GOLF Acushnet Holdings Corp. | Reduce -1.8% | 2.91% | +0.05 |
| SHCO Soho House & Co. Inc. | Reduce -1.9% | 1.39% | +0.34 |
| IONQ Ionq Inc. | Reduce -23.9% | 3.04% | +2.13 |
Portfolio Buys Q3 2024 → Q4 2024
| DAL Delta Air Lines Inc. | Add +67.4% | 15.14% | +6.97 |
| AMZN Amazon.com Inc. | Add +1140.6% | 2.47% | +2.29 |
| ADI Analog Devices Inc. | Add +41.7% | 4.33% | +0.77 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +29.4% | 0.92% | +0.13 |
| MRNA Moderna Inc. | New | 0.11% | +0.11 |
| ROK Rockwell Automation Inc. | Add +288.4% | 0.13% | +0.09 |
| FTV Fortive Corp. | Add +80.7% | 0.08% | +0.03 |
| TXN Texas Instruments Inc. | Add +27.2% | 0.22% | +0.02 |
| LIN Linde PLC | Add +17.2% | 12.77% | −0.48 |
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 |