Lingohr Asset Management GmbH

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Lingohr Asset Management GmbH reported 92 stock positions worth $399.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 5.2% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Alphabet Class A (GOOGL, 3.1%). Compared with Q4 2024, it opened 34 new positions, sold out of 25, added to 52 and reduced 4. The biggest buy was a new position in Technipfmc (FTI) and the biggest sale an exit from Vipshop Holdings Ltd. - ADR (VIPS).

Most Recent 13F
Q3 2025
Location
DUESSELDORF, 2M
CIK
0001527570
Portfolio Value
$399.1M (Q1 2025)
SEC Filing
0001527570-25-000004 ↗ filed May 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $40.0M Q1 2024 Q2 2024: $40.0M Q2 2024 Q3 2024: $41.3M Q3 2024 Q4 2024: $48.2M Q4 2024 Q1 2025: $399.1M $399.1M Q1 2025 Q2 2025: $55.2M Q2 2025 Q3 2025: $57.3M Q3 2025

Holdings 92 stocks · $399.1M
BRK.B Berkshire Hathaway Inc. Class B 5.23% 39,198 $20.9M Add +731.5%
MSFT Microsoft Corp. 4.33% 46,029 $17.3M Add +1357.1%
GOOGL Alphabet Inc. Class A 3.08% 79,441 $12.3M Add +1746.6%
T AT&T Inc. 2.52% 359,059 $10.0M Add +1236.4%
ORCL Oracle Corp. 1.96% 56,093 $7.8M Add +1856.5%
DELL Dell Technologies -C 1.94% 85,580 $7.8M Add +951.0%
DOX Amdocs Ltd. 1.87% 81,771 $7.5M Add +639.1%
NFLX Netflix Inc. 1.84% 7,887 $7.4M Add +682.4%
META Meta Platforms Inc. Class A 1.84% 12,744 $7.3M Add +1687.4%
CVLT Commvault Systems Inc. 1.82% 45,928 $7.2M Add +1453.2%
MLI Mueller Industries Inc. 1.76% 92,094 $7.0M Add +1642.9%
MO Altria Group Inc. 1.74% 115,521 $6.9M Add +875.6%
JXN Jackson Financial Inc. Class A 1.73% 82,550 $6.9M Add +506.4%
DOCU Docusign Inc. 1.73% 84,661 $6.9M Add +1343.7%
FTI Technipfmc PLC 1.69% 212,295 $6.7M New
AXS Axis Capital Holdings Ltd. 1.65% 65,869 $6.6M Add +511.3%
GEHC GE Healthcare Technology 1.64% 81,008 $6.5M New
JPM JPMorgan Chase & Co. 1.62% 26,560 $6.5M Add +835.2%
ACIW Aci Worldwide Inc. 1.60% 116,861 $6.4M New
SYF Synchrony Financial 1.56% 118,515 $6.2M Add +685.4%
J Jacobs Solutions Inc. 1.51% 50,000 $6.0M New
WFC Wells Fargo & Co. 1.50% 84,016 $6.0M Add +422.5%
AYI Acuity Inc. 1.49% 22,643 $6.0M New
UNM Unum Group 1.49% 73,378 $5.9M Add +592.8%
SE Sea Ltd.-ADR 1.49% 45,470 $5.9M New
ENS Enersys 1.46% 63,721 $5.8M Add +1436.9%
FLEX Flex Ltd. 1.41% 170,545 $5.6M Add +1174.7%
XOM Exxon Mobil Corp. 1.38% 46,344 $5.5M Add +330.7%
GTES Gates Industrial Corp. UK Ltd. 1.36% 295,351 $5.4M New
CNO Cno Financial Group Inc. 1.34% 128,202 $5.3M Add +892.4%
CRM Salesforce Inc. 1.32% 19,717 $5.3M Add +741.9%
CTSH Cognizant Tech Solutions-A 1.31% 68,285 $5.2M New
MDT Medtronic PLC 1.30% 57,575 $5.2M Add +327.7%
ABBV Abbvie Inc. 1.29% 24,855 $5.2M Add +390.0%
STLD Steel Dynamics Inc. 1.28% 40,749 $5.1M Add +1155.8%
GS Goldman Sachs Group Inc. 1.27% 9,310 $5.1M Add +669.4%
QCOM Qualcomm Inc. 1.27% 33,090 $5.1M Add +776.1%
NTAP Netapp Inc. 1.27% 57,903 $5.1M Add +1176.2%
RS Reliance Inc. 1.27% 17,489 $5.0M Add +1128.2%
VRNT Verint Systems Inc. 1.24% 277,121 $4.9M Add +2022.6%
JAZZ Jazz Pharmaceuticals PLC 1.23% 39,683 $4.9M Add +1278.8%
G Genpact Ltd. 1.23% 97,763 $4.9M New
MTG Mgic Investment Corp. 1.23% 198,607 $4.9M Add +1367.5%
AMD Advanced Micro Devices 1.23% 47,642 $4.9M New
GEN Gen Digital Inc. 1.20% 180,264 $4.8M Add +630.9%
BLDR Builders Firstsource Inc. 1.20% 38,283 $4.8M New
ACT Enact Holdings Inc. 1.18% 135,707 $4.7M Add +1167.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.18% 459,680 $4.7M New
TMO Thermo Fisher Scientific Inc. 1.12% 8,968 $4.5M New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 1.12% 101,146 $4.5M New
ALSN Allison Transmission Holding 1.12% 46,589 $4.5M Add +1594.2%
MCK McKesson Corp. 1.06% 6,302 $4.2M Add +1507.7%
EXEL Exelixis Inc. 1.06% 114,461 $4.2M Add +1170.8%
VZ Verizon Communications Inc. 1.03% 91,751 $4.1M Add +348.2%
MPC Marathon Petroleum Corp. 1.00% 27,363 $4.0M Add +1648.4%
BNTX Biontech SE-ADR 0.98% 43,031 $3.9M Add +1257.4%
CI The Cigna Group 0.96% 11,589 $3.8M New
PINS Pinterest Inc. Class A 0.84% 108,010 $3.3M New
TEVA Teva Pharmaceutical-SP ADR 0.83% 215,159 $3.3M New
TEAM Atlassian Corp. Class A 0.74% 14,000 $3.0M New
VLO Valero Energy Corp. 0.74% 22,434 $3.0M Add +523.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.73% 11,756 $2.9M New
NRG NRG Energy Inc. 0.72% 30,170 $2.9M Add +544.0%
GEV GE Vernova Inc. 0.69% 9,070 $2.8M Add +180.9%
KT KT Corp.-SP ADR 0.65% 146,014 $2.6M Add +45.4%
SU Suncor Energy Inc. 0.60% 62,204 $2.4M Add +389.0%
LIN Linde PLC 0.60% 5,159 $2.4M Add +136.7%
INFY Infosys Ltd.-SP ADR 0.45% 98,397 $1.8M New
TUYA Tuya Inc. 0.43% 567,210 $1.7M New
TX Ternium SA-Sponsored ADR 0.25% 33,700 $985K New
SMIN iShares MSCI India Small-Cap 0.19% 11,000 $749K Add +13.4%
ENIC Enel Chile SA-ADR 0.19% 226,566 $741K Reduce -6.8%
CSCO Cisco Systems Inc. 0.15% 9,500 $582K New
TGNA Tegna Inc. 0.14% 31,264 $570K Reduce -13.1%
ABT Abbott Laboratories 0.14% 4,085 $539K Reduce -48.5%
PFE Pfizer Inc. 0.13% 21,100 $525K New
BLK BlackRock Inc. 0.12% 520 $492K New
TXN Texas Instruments Inc. 0.12% 2,725 $486K New
TSM Taiwan Semiconductor-SP ADR 0.11% 2,621 $435K Add +73.7%
CRH CRH PLC 0.10% 4,514 $397K Add +28.2%
VEON Veon Ltd. 0.09% 8,400 $366K New
PTEN Patterson-Uti Energy Inc. 0.09% 43,745 $360K New
CW Curtiss-Wright Corp. 0.08% 957 $304K New
CVX Chevron Corp. 0.07% 1,700 $284K No change
TYL Tyler Technologies Inc. 0.07% 450 $262K New
CCJ Cameco Corp. 0.07% 6,328 $261K Add +26.7%
VIST Vista Energy Sab DE CV 0.07% 5,607 $261K New
VST Vistra Corp. 0.06% 2,183 $256K New
TOL Toll Brothers Inc. 0.06% 2,340 $246K New
FCX Freeport-McMoran Inc. 0.06% 6,230 $235K No change
HG Hamilton Insurance Grou Class B 0.05% 10,041 $208K New
LYB Lyondellbasell Indu Class A 0.05% 2,859 $201K Reduce -61.4%

Portfolio Sells Q4 2024 → Q1 2025
VIPS Vipshop Holdings Ltd. - ADR Sold out 0.00% −3.65
ABT Abbott Laboratories Reduce -48.5% 0.14% −1.71
GILD Gilead Sciences Inc. Sold out 0.00% −1.65
APP AppLovin Corp. Class A Sold out 0.00% −1.48
ENIC Enel Chile SA-ADR Reduce -6.8% 0.19% −1.23
TGNA Tegna Inc. Reduce -13.1% 0.14% −1.22
MRK Merck & Co. Inc. Sold out 0.00% −1.11
LYB Lyondellbasell Indu Class A Reduce -61.4% 0.05% −1.07
CVE Cenovus Energy Inc. Sold out 0.00% −1.06
PVH PVH Corp. Sold out 0.00% −0.99
AU Anglogold Ashanti PLC Sold out 0.00% −0.88
TAP Molson Coors Beverage Co. Class B Sold out 0.00% −0.85
BTG B2GOLD Corp. Sold out 0.00% −0.79
ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.75
MMS Maximus Inc. Sold out 0.00% −0.74
ADBE Adobe Inc. Sold out 0.00% −0.70
AES AES Corp. Sold out 0.00% −0.67
TEX Terex Corp. Sold out 0.00% −0.58
ETN Eaton Corp. PLC Sold out 0.00% −0.55
EG Everest Group Ltd. Sold out 0.00% −0.54
EXPE Expedia Group Inc. Sold out 0.00% −0.54
WCN Waste Connections Inc. Sold out 0.00% −0.50
HOLX Hologic Inc. Sold out 0.00% −0.49
FSK FS KKR Capital Corp. Sold out 0.00% −0.44
AWK American Water Works Co. Inc. Sold out 0.00% −0.44
YOU Clear Secure Inc. Class A Sold out 0.00% −0.44
AMG Affiliated Managers Group Sold out 0.00% −0.42
PRM Perimeter Solutions Inc. Sold out 0.00% −0.42
CPRX Catalyst Pharmaceuticals Inc. Sold out 0.00% −0.42

Portfolio Buys Q4 2024 → Q1 2025
FTI Technipfmc PLC New 1.69% +1.69
GEHC GE Healthcare Technology New 1.64% +1.64
ACIW Aci Worldwide Inc. New 1.60% +1.60
MSFT Microsoft Corp. Add +1357.1% 4.33% +1.55
J Jacobs Solutions Inc. New 1.51% +1.51
AYI Acuity Inc. New 1.49% +1.49
SE Sea Ltd.-ADR New 1.49% +1.49
GOOGL Alphabet Inc. Class A Add +1746.6% 3.08% +1.37
GTES Gates Industrial Corp. UK Ltd. New 1.36% +1.36
CTSH Cognizant Tech Solutions-A New 1.31% +1.31
T AT&T Inc. Add +1236.4% 2.52% +1.27
G Genpact Ltd. New 1.23% +1.23
AMD Advanced Micro Devices New 1.23% +1.23
BLDR Builders Firstsource Inc. New 1.20% +1.20
NU Nu Holdings Ltd./Cayman Isl-A New 1.18% +1.18
TMO Thermo Fisher Scientific Inc. New 1.12% +1.12
QFIN Qfin Holdings Inc.-ADR New 1.12% +1.12
ORCL Oracle Corp. Add +1856.5% 1.96% +0.97
META Meta Platforms Inc. Class A Add +1687.4% 1.84% +0.97
CI The Cigna Group New 0.96% +0.96
CVLT Commvault Systems Inc. Add +1453.2% 1.82% +0.89
MLI Mueller Industries Inc. Add +1642.9% 1.76% +0.88
PINS Pinterest Inc. Class A New 0.84% +0.84
TEVA Teva Pharmaceutical-SP ADR New 0.83% +0.83
BRK.B Berkshire Hathaway Inc. Class B Add +731.5% 5.23% +0.81
TEAM Atlassian Corp. Class A New 0.74% +0.74
IBM Intl Business Machines Corp. New 0.73% +0.73
ENS Enersys Add +1436.9% 1.46% +0.66
DOCU Docusign Inc. Add +1343.7% 1.73% +0.61
MCK McKesson Corp. Add +1507.7% 1.06% +0.60
MTG Mgic Investment Corp. Add +1367.5% 1.23% +0.56
MPC Marathon Petroleum Corp. Add +1648.4% 1.00% +0.56
STLD Steel Dynamics Inc. Add +1155.8% 1.28% +0.51
ALSN Allison Transmission Holding Add +1594.2% 1.12% +0.50
JAZZ Jazz Pharmaceuticals PLC Add +1278.8% 1.23% +0.50
VRNT Verint Systems Inc. Add +2022.6% 1.24% +0.50
RS Reliance Inc. Add +1128.2% 1.27% +0.48
ACT Enact Holdings Inc. Add +1167.5% 1.18% +0.46
MO Altria Group Inc. Add +875.6% 1.74% +0.46
INFY Infosys Ltd.-SP ADR New 0.45% +0.45
TUYA Tuya Inc. New 0.43% +0.43
EXEL Exelixis Inc. Add +1170.8% 1.06% +0.43
CNO Cno Financial Group Inc. Add +892.4% 1.34% +0.34
FLEX Flex Ltd. Add +1174.7% 1.41% +0.34
TX Ternium SA-Sponsored ADR New 0.25% +0.25
BNTX Biontech SE-ADR Add +1257.4% 0.98% +0.24
JPM JPMorgan Chase & Co. Add +835.2% 1.62% +0.22
NTAP Netapp Inc. Add +1176.2% 1.27% +0.18
CSCO Cisco Systems Inc. New 0.15% +0.15
PFE Pfizer Inc. New 0.13% +0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025Amended 94$57.3MMSFT, AU, GOOGL, TME, IFS
Q2 2025 85$55.2MMSFT, KT, QFIN, AU, IFS
Q1 2025 92$399.1MBRK.B, MSFT, GOOGL, T, ORCL
Q4 2024 83$48.2MBRK.B, VIPS, KT, MSFT, JXN
Q3 2024 51$41.3MAPP, AYI, ACIW, GEV, META
Q2 2024 55$40.0MGOOGL, STLA, META, APP, ACIW
Q1 2024 54$40.0MGTES, JXN, GOOGL, STLA, STLD