Lingohr Asset Management GmbH
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 8, 2025), Lingohr Asset Management GmbH reported 85 stock positions worth $55.2 million. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by KT Corp.-SP ADR (KT, 4.0%) and Qfin Holdings Inc.-ADR (QFIN, 3.1%). Compared with Q1 2025, it opened 23 new positions, sold out of 30, added to 2 and reduced 56. The biggest buy was a new position in Anglogold Ashanti (AU) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −93%).
- Most Recent 13F
- Q3 2025
- Location
- DUESSELDORF, 2M
- CIK
- 0001527570
- Portfolio Value
- $55.2M (Q2 2025)
- SEC Filing
- 0001527570-25-000005 ↗ filed Jul 8, 2025
Holdings Value
Holdings 85 stocks · $55.2M
| MSFT Microsoft Corp. | 4.22% | 4,680 | $2.3M | Reduce -89.8% |
| KT KT Corp.-SP ADR | 3.96% | 105,128 | $2.2M | Reduce -28.0% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 3.10% | 39,429 | $1.7M | Reduce -61.0% |
| AU Anglogold Ashanti PLC | 2.94% | 35,631 | $1.6M | New |
| IFS Intercorp Financial Services | 2.78% | 40,535 | $1.5M | New |
| TME Tencent Music Entertainm-ADR | 2.65% | 74,834 | $1.5M | New |
| GOOGL Alphabet Inc. Class A | 2.50% | 7,837 | $1.4M | Reduce -90.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.50% | 100,384 | $1.4M | Reduce -78.2% |
| FTI Technipfmc PLC | 2.45% | 37,795 | $1.4M | Reduce -82.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.32% | 2,639 | $1.3M | Reduce -93.3% |
| META Meta Platforms Inc. Class A | 2.16% | 1,617 | $1.2M | Reduce -87.3% |
| AXS Axis Capital Holdings Ltd. | 1.95% | 10,355 | $1.1M | Reduce -84.3% |
| FINV Finvolution Group-ADR | 1.82% | 105,690 | $1.0M | New |
| CCJ Cameco Corp. | 1.81% | 13,425 | $997K | Add +112.2% |
| EXEL Exelixis Inc. | 1.67% | 20,901 | $921K | Reduce -81.7% |
| ENIC Enel Chile SA-ADR | 1.65% | 250,042 | $908K | Add +10.4% |
| NFLX Netflix Inc. | 1.63% | 672 | $900K | Reduce -91.5% |
| XOM Exxon Mobil Corp. | 1.60% | 8,160 | $880K | Reduce -82.4% |
| MDT Medtronic PLC | 1.59% | 10,075 | $878K | Reduce -82.5% |
| DELL Dell Technologies -C | 1.57% | 7,063 | $866K | Reduce -91.8% |
| LRCX Lam Research Corp. | 1.52% | 8,622 | $839K | New |
| WFC Wells Fargo & Co. | 1.48% | 10,179 | $816K | Reduce -87.9% |
| SMIN iShares MSCI India Small-Cap | 1.47% | 10,500 | $810K | Reduce -4.5% |
| AMD Advanced Micro Devices | 1.46% | 5,659 | $803K | Reduce -88.1% |
| MO Altria Group Inc. | 1.45% | 13,611 | $798K | Reduce -88.2% |
| GEN Gen Digital Inc. | 1.43% | 26,770 | $787K | Reduce -85.2% |
| GILD Gilead Sciences Inc. | 1.35% | 6,737 | $747K | New |
| NVT Nvent Electric PLC | 1.33% | 9,983 | $731K | New |
| BNTX Biontech SE-ADR | 1.32% | 6,822 | $726K | Reduce -84.2% |
| NTAP Netapp Inc. | 1.28% | 6,668 | $707K | Reduce -88.5% |
| NRG NRG Energy Inc. | 1.26% | 4,340 | $697K | Reduce -85.6% |
| UBS UBS Group AG-Reg | 1.22% | 19,880 | $672K | New |
| FLEX Flex Ltd. | 1.22% | 13,454 | $672K | Reduce -92.1% |
| ORCL Oracle Corp. | 1.21% | 3,051 | $667K | Reduce -94.6% |
| DOX Amdocs Ltd. | 1.21% | 7,304 | $666K | Reduce -91.1% |
| SE Sea Ltd.-ADR | 1.15% | 3,976 | $636K | Reduce -91.3% |
| T AT&T Inc. | 1.14% | 21,760 | $630K | Reduce -93.9% |
| SPOT Spotify Technology SA | 1.11% | 800 | $614K | New |
| CTSH Cognizant Tech Solutions-A | 1.02% | 7,195 | $561K | Reduce -89.5% |
| EQT Eqt Corp. | 1.01% | 9,541 | $556K | New |
| UNM Unum Group | 1.00% | 6,795 | $549K | Reduce -90.7% |
| QCOM Qualcomm Inc. | 0.98% | 3,403 | $542K | Reduce -89.7% |
| SU Suncor Energy Inc. | 0.97% | 14,294 | $535K | Reduce -77.0% |
| CVLT Commvault Systems Inc. | 0.97% | 3,061 | $534K | Reduce -93.3% |
| SYF Synchrony Financial | 0.96% | 7,921 | $529K | Reduce -93.3% |
| TGNA Tegna Inc. | 0.95% | 31,264 | $524K | No change |
| JPM JPMorgan Chase & Co. | 0.93% | 1,776 | $512K | Reduce -93.3% |
| FLR Fluor Corp. | 0.89% | 9,600 | $492K | New |
| CNO Cno Financial Group Inc. | 0.85% | 12,193 | $470K | Reduce -90.5% |
| VLO Valero Energy Corp. | 0.84% | 3,434 | $462K | Reduce -84.7% |
| ABBV Abbvie Inc. | 0.79% | 2,351 | $436K | Reduce -90.5% |
| TEAM Atlassian Corp. Class A | 0.74% | 2,000 | $406K | Reduce -85.7% |
| RS Reliance Inc. | 0.71% | 1,244 | $390K | Reduce -92.9% |
| MTG Mgic Investment Corp. | 0.68% | 13,534 | $377K | Reduce -93.2% |
| STLD Steel Dynamics Inc. | 0.68% | 2,919 | $374K | Reduce -92.8% |
| MAT Mattel Inc. | 0.67% | 18,600 | $367K | New |
| TMO Thermo Fisher Scientific Inc. | 0.66% | 900 | $365K | Reduce -90.0% |
| ACT Enact Holdings Inc. | 0.63% | 9,299 | $345K | Reduce -93.2% |
| EME Emcor Group Inc. | 0.61% | 633 | $339K | New |
| MLI Mueller Industries Inc. | 0.61% | 4,255 | $338K | Reduce -95.4% |
| DOCU Docusign Inc. | 0.56% | 3,955 | $308K | Reduce -95.3% |
| VEON Veon Ltd. | 0.56% | 6,674 | $307K | Reduce -20.6% |
| TEVA Teva Pharmaceutical-SP ADR | 0.55% | 18,000 | $302K | Reduce -91.6% |
| CLS Celestica Inc. | 0.54% | 1,906 | $298K | New |
| CRM Salesforce Inc. | 0.51% | 1,043 | $284K | Reduce -94.7% |
| WCN Waste Connections Inc. | 0.51% | 1,500 | $280K | New |
| AWK American Water Works Co. Inc. | 0.50% | 2,000 | $278K | New |
| ENS Enersys | 0.50% | 3,221 | $276K | Reduce -95.0% |
| FCX Freeport-McMoran Inc. | 0.49% | 6,230 | $270K | No change |
| TYL Tyler Technologies Inc. | 0.48% | 450 | $267K | No change |
| ETN Eaton Corp. PLC | 0.47% | 720 | $257K | New |
| JAZZ Jazz Pharmaceuticals PLC | 0.46% | 2,395 | $254K | Reduce -94.0% |
| LIN Linde PLC | 0.45% | 530 | $249K | Reduce -89.7% |
| CVX Chevron Corp. | 0.44% | 1,700 | $243K | No change |
| AMTM Amentum Holdings Inc. | 0.43% | 10,000 | $236K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 800 | $236K | Reduce -93.2% |
| PINS Pinterest Inc. Class A | 0.41% | 6,313 | $226K | Reduce -94.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.41% | 996 | $226K | Reduce -62.0% |
| CW Curtiss-Wright Corp. | 0.40% | 457 | $223K | Reduce -52.3% |
| PRM Perimeter Solutions Inc. | 0.40% | 15,859 | $221K | New |
| PENG Penguin Solutions Inc. | 0.40% | 11,000 | $218K | New |
| STRL Sterling Infrastructure Inc. | 0.39% | 921 | $213K | New |
| TPC Tutor Perini Corp. | 0.37% | 4,404 | $206K | New |
| GEV GE Vernova Inc. | 0.37% | 385 | $204K | Reduce -95.8% |
| IMO Imperial Oil Ltd. | 0.37% | 2,568 | $204K | New |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -93.3% | 2.32% | −2.91 |
| JXN Jackson Financial Inc. Class A | Sold out | 0.00% | −1.73 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −1.64 |
| ACIW Aci Worldwide Inc. | Sold out | 0.00% | −1.60 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −1.51 |
| AYI Acuity Inc. | Sold out | 0.00% | −1.49 |
| T AT&T Inc. | Reduce -93.9% | 1.14% | −1.38 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −1.36 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −1.27 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −1.24 |
| G Genpact Ltd. | Sold out | 0.00% | −1.23 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −1.20 |
| DOCU Docusign Inc. | Reduce -95.3% | 0.56% | −1.17 |
| MLI Mueller Industries Inc. | Reduce -95.4% | 0.61% | −1.14 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −1.12 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.06 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −1.03 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −1.00 |
| ENS Enersys | Reduce -95.0% | 0.50% | −0.96 |
| CI The Cigna Group | Sold out | 0.00% | −0.96 |
| CVLT Commvault Systems Inc. | Reduce -93.3% | 0.97% | −0.85 |
| CRM Salesforce Inc. | Reduce -94.7% | 0.51% | −0.81 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -94.0% | 0.46% | −0.77 |
| ORCL Oracle Corp. | Reduce -94.6% | 1.21% | −0.75 |
| JPM JPMorgan Chase & Co. | Reduce -93.3% | 0.93% | −0.69 |
| DOX Amdocs Ltd. | Reduce -91.1% | 1.21% | −0.67 |
| SYF Synchrony Financial | Reduce -93.3% | 0.96% | −0.60 |
| STLD Steel Dynamics Inc. | Reduce -92.8% | 0.68% | −0.60 |
| GOOGL Alphabet Inc. Class A | Reduce -90.1% | 2.50% | −0.57 |
| RS Reliance Inc. | Reduce -92.9% | 0.71% | −0.56 |
| ACT Enact Holdings Inc. | Reduce -93.2% | 0.63% | −0.56 |
| MTG Mgic Investment Corp. | Reduce -93.2% | 0.68% | −0.54 |
| ABBV Abbvie Inc. | Reduce -90.5% | 0.79% | −0.50 |
| UNM Unum Group | Reduce -90.7% | 1.00% | −0.49 |
| CNO Cno Financial Group Inc. | Reduce -90.5% | 0.85% | −0.49 |
| TMO Thermo Fisher Scientific Inc. | Reduce -90.0% | 0.66% | −0.46 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.45 |
| TUYA Tuya Inc. | Sold out | 0.00% | −0.43 |
| PINS Pinterest Inc. Class A | Reduce -94.2% | 0.41% | −0.43 |
| DELL Dell Technologies -C | Reduce -91.8% | 1.57% | −0.37 |
| SE Sea Ltd.-ADR | Reduce -91.3% | 1.15% | −0.33 |
| GEV GE Vernova Inc. | Reduce -95.8% | 0.37% | −0.32 |
| IBM Intl Business Machines Corp. | Reduce -93.2% | 0.43% | −0.30 |
| CTSH Cognizant Tech Solutions-A | Reduce -89.5% | 1.02% | −0.29 |
| QCOM Qualcomm Inc. | Reduce -89.7% | 0.98% | −0.29 |
| MO Altria Group Inc. | Reduce -88.2% | 1.45% | −0.29 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -91.6% | 0.55% | −0.28 |
| TX Ternium SA-Sponsored ADR | Sold out | 0.00% | −0.25 |
| NFLX Netflix Inc. | Reduce -91.5% | 1.63% | −0.21 |
| FLEX Flex Ltd. | Reduce -92.1% | 1.22% | −0.20 |
Portfolio Buys Q1 2025 → Q2 2025
| AU Anglogold Ashanti PLC | New | 2.94% | +2.94 |
| IFS Intercorp Financial Services | New | 2.78% | +2.78 |
| TME Tencent Music Entertainm-ADR | New | 2.65% | +2.65 |
| FINV Finvolution Group-ADR | New | 1.82% | +1.82 |
| CCJ Cameco Corp. | Add +112.2% | 1.81% | +1.74 |
| LRCX Lam Research Corp. | New | 1.52% | +1.52 |
| ENIC Enel Chile SA-ADR | Add +10.4% | 1.65% | +1.46 |
| GILD Gilead Sciences Inc. | New | 1.35% | +1.35 |
| NVT Nvent Electric PLC | New | 1.33% | +1.33 |
| UBS UBS Group AG-Reg | New | 1.22% | +1.22 |
| SPOT Spotify Technology SA | New | 1.11% | +1.11 |
| EQT Eqt Corp. | New | 1.01% | +1.01 |
| FLR Fluor Corp. | New | 0.89% | +0.89 |
| MAT Mattel Inc. | New | 0.67% | +0.67 |
| EME Emcor Group Inc. | New | 0.61% | +0.61 |
| CLS Celestica Inc. | New | 0.54% | +0.54 |
| WCN Waste Connections Inc. | New | 0.51% | +0.51 |
| AWK American Water Works Co. Inc. | New | 0.50% | +0.50 |
| ETN Eaton Corp. PLC | New | 0.47% | +0.47 |
| AMTM Amentum Holdings Inc. | New | 0.43% | +0.43 |
| PRM Perimeter Solutions Inc. | New | 0.40% | +0.40 |
| PENG Penguin Solutions Inc. | New | 0.40% | +0.40 |
| STRL Sterling Infrastructure Inc. | New | 0.39% | +0.39 |
| TPC Tutor Perini Corp. | New | 0.37% | +0.37 |
| IMO Imperial Oil Ltd. | New | 0.37% | +0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025Amended | 94 | $57.3M | MSFT, AU, GOOGL, TME, IFS |
| Q2 2025 | 85 | $55.2M | MSFT, KT, QFIN, AU, IFS |
| Q1 2025 | 92 | $399.1M | BRK.B, MSFT, GOOGL, T, ORCL |
| Q4 2024 | 83 | $48.2M | BRK.B, VIPS, KT, MSFT, JXN |
| Q3 2024 | 51 | $41.3M | APP, AYI, ACIW, GEV, META |
| Q2 2024 | 55 | $40.0M | GOOGL, STLA, META, APP, ACIW |
| Q1 2024 | 54 | $40.0M | GTES, JXN, GOOGL, STLA, STLD |