Lansdowne Partners (uk) LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Lansdowne Partners (uk) LLP reported 24 stock positions worth $1.4 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 29.5% of the portfolio, followed by Analog Devices (ADI, 12.6%) and Delta Air Lines (DAL, 12.3%). Compared with Q3 2025, it opened 3 new positions, added to 8 and reduced 8. The biggest buy was Analog Devices (ADI, shares +319%) and the biggest sale Linde (LIN, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001608485
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0000919574-26-000880 ↗ filed Feb 13, 2026
Holdings Value
Holdings 24 stocks · $1.4B
| TSM Taiwan Semiconductor-SP ADR | 29.53% | 1,325,284 | $402.7M | Reduce -6.6% |
| ADI Analog Devices Inc. | 12.62% | 634,754 | $172.1M | Add +319.3% |
| DAL Delta Air Lines Inc. | 12.29% | 2,414,408 | $167.6M | Add +5.7% |
| UAL United Airlines Holdings Inc. | 10.09% | 1,229,971 | $137.5M | Add +11.8% |
| LIN Linde PLC | 7.11% | 227,457 | $97.0M | Reduce -37.6% |
| TECK Teck Resources Ltd.-CLS B | 6.34% | 1,805,666 | $86.5M | Add +150.1% |
| ARM Arm Holdings PLC-ADR | 3.78% | 472,076 | $51.6M | Add +687.1% |
| GOLF Acushnet Holdings Corp. | 3.10% | 529,718 | $42.3M | Reduce -0.1% |
| CRH CRH PLC | 2.82% | 307,987 | $38.4M | Reduce -52.5% |
| ETN Eaton Corp. PLC | 2.57% | 109,955 | $35.0M | New |
| IONQ Ionq Inc. | 2.11% | 642,793 | $28.8M | Reduce -66.8% |
| SHCO Soho House & Co. Inc. | 1.69% | 2,567,413 | $23.0M | No change |
| TXN Texas Instruments Inc. | 0.99% | 77,995 | $13.5M | Add +116.5% |
| ROK Rockwell Automation Inc. | 0.89% | 31,077 | $12.1M | Add +5.2% |
| B Barrick Mining Corp. | 0.85% | 265,824 | $11.6M | No change |
| AMZN Amazon.com Inc. | 0.80% | 47,471 | $11.0M | Reduce -71.6% |
| ALC Alcon Inc. filed as ALCON AG | 0.79% | 134,099 | $10.7M | New |
| SW Smurfit Westrock PLC | 0.73% | 257,224 | $9.9M | Reduce -80.0% |
| RAL Ralliant Corp. | 0.37% | 100,085 | $5.1M | Add +468.9% |
| MDT Medtronic PLC | 0.22% | 31,398 | $3.0M | New |
| FTV Fortive Corp. | 0.20% | 48,375 | $2.7M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.06% | 4,553 | $772K | No change |
| MAR Marriott International Class A | 0.03% | 1,298 | $403K | No change |
| FLUT Flutter Entertainment PLC-Di | 0.03% | 1,645 | $354K | Reduce -35.6% |
Portfolio Sells Q3 2025 → Q4 2025
| LIN Linde PLC | Reduce -37.6% | 7.11% | −7.50 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.6% | 29.53% | −3.91 |
| SW Smurfit Westrock PLC | Reduce -80.0% | 0.73% | −3.89 |
| CRH CRH PLC | Reduce -52.5% | 2.82% | −3.74 |
| AMZN Amazon.com Inc. | Reduce -71.6% | 0.80% | −2.29 |
| IONQ Ionq Inc. | Reduce -66.8% | 2.11% | −1.14 |
| GOLF Acushnet Holdings Corp. | Reduce -0.1% | 3.10% | −0.41 |
| FLUT Flutter Entertainment PLC-Di | Reduce -35.6% | 0.03% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| ADI Analog Devices Inc. | Add +319.3% | 12.62% | +9.48 |
| TECK Teck Resources Ltd.-CLS B | Add +150.1% | 6.34% | +3.67 |
| ARM Arm Holdings PLC-ADR | Add +687.1% | 3.78% | +3.07 |
| ETN Eaton Corp. PLC | New | 2.57% | +2.57 |
| DAL Delta Air Lines Inc. | Add +5.7% | 12.29% | +1.35 |
| UAL United Airlines Holdings Inc. | Add +11.8% | 10.09% | +1.13 |
| ALC Alcon Inc. | New | 0.79% | +0.79 |
| TXN Texas Instruments Inc. | Add +116.5% | 0.99% | +0.43 |
| RAL Ralliant Corp. | Add +468.9% | 0.37% | +0.31 |
| MDT Medtronic PLC | New | 0.22% | +0.22 |
| ROK Rockwell Automation Inc. | Add +5.2% | 0.89% | +0.02 |
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 |