Lingotto Investment Management LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Lingotto Investment Management LLP reported 31 stock positions worth $4.6 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 14.7% of the portfolio, followed by Carvana (CVNA, 13.2%) and Molina Healthcare (MOH, 12.4%). Compared with Q1 2026, it opened 6 new positions, sold out of 9, added to 4 and reduced 12. The biggest buy was a new position in Molina Healthcare (MOH) and the biggest sale an exit from Vaneck Junior Gold Miners (GDXJ).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001732768
- Portfolio Value
- $4.6B (Q2 2026)
- SEC Filing
- 0001172661-26-002907 ↗ filed Jul 29, 2026
Holdings Value
Holdings 31 stocks · $4.6B
| TEVA Teva Pharmaceutical-SP ADR | 14.73% | 20,205,943 | $684.6M | Reduce -27.2% |
| CVNA Carvana Co. | 13.15% | 9,283,819 | $611.1M | Reduce -27.1% |
| MOH Molina Healthcare Inc. | 12.36% | 2,511,490 | $574.4M | New |
| PSKY Paramount Skydance Class B | 9.81% | 46,061,363 | $455.8M | No change |
| RRC Range Resources Corp. | 8.84% | 11,045,066 | $410.8M | Add +53.5% |
| VEON Veon Ltd. | 5.92% | 5,265,123 | $274.9M | Reduce -12.9% |
| SLB SLB Ltd. filed as SLB LIMITED | 4.43% | 4,391,097 | $205.7M | Reduce -18.8% |
| NG Novagold Resources Inc. | 4.05% | 31,531,500 | $188.2M | Reduce -14.4% |
| VAL Valaris Ltd. | 3.77% | 2,411,493 | $175.1M | Reduce -35.0% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 3.49% | 19,075,936 | $162.0M | Reduce -2.5% |
| TSM Taiwan Semiconductor-SP ADR | 3.17% | 308,743 | $147.4M | Add +11.4% |
| NVDA Nvidia Corp. | 2.88% | 667,710 | $133.6M | Add +8.7% |
| AG First Majestic Silver Corp. | 1.95% | 5,334,603 | $90.5M | Reduce -46.7% |
| TEM Tempus AI Inc. Class A | 1.77% | 1,415,766 | $82.0M | No change |
| NET Cloudflare Inc. Class A | 1.58% | 300,023 | $73.6M | No change |
| AUR Aurora Innovation Inc. | 1.43% | 9,722,567 | $66.3M | No change |
| NBIS Nebius Group NV | 1.22% | 205,661 | $56.8M | Add +59.5% |
| MRNA Moderna Inc. | 1.15% | 763,907 | $53.5M | No change |
| MELI MercadoLibre Inc. | 0.88% | 24,040 | $40.8M | No change |
| TSLA Tesla Inc. | 0.63% | 70,039 | $29.5M | No change |
| SSMR Sunshine Silver Mining & Ref | 0.57% | 2,000,000 | $26.4M | New |
| JOBY Joby Aviation Inc. | 0.46% | 2,405,253 | $21.5M | Reduce -35.7% |
| ISRG Intuitive Surgical Inc. | 0.43% | 49,717 | $19.8M | Reduce -62.2% |
| FRVO Fervo Energy Co. Class A | 0.32% | 502,584 | $14.7M | New |
| PONY Pony AI Inc. | 0.27% | 1,817,066 | $12.6M | Reduce -45.3% |
| NG Novagold Resources Inc. | 0.24% | 1,900,000 | $11.3M | New |
| RXRX Recursion Pharmaceuticals-A | 0.17% | 2,206,661 | $8.1M | Reduce -62.5% |
| NVRI Enviri Corp. | 0.10% | 212,657 | $4.7M | New |
| DUOL Duolingo | 0.10% | 40,045 | $4.6M | No change |
| KLAR Klarna Group PLC | 0.08% | 188,675 | $3.8M | New |
| HMY Harmony Gold MNG-Spon ADR | 0.05% | 161,787 | $2.5M | No change |
Options reported separately and not counted above: SLB calls ($19.1M).
Portfolio Sells Q1 2026 → Q2 2026
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −4.74 |
| VAL Valaris Ltd. | Reduce -35.0% | 3.77% | −3.44 |
| CVNA Carvana Co. | Reduce -27.1% | 13.15% | −2.73 |
| NG Novagold Resources Inc. | Reduce -14.4% | 4.05% | −2.51 |
| AG First Majestic Silver Corp. | Reduce -46.7% | 1.95% | −2.32 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -27.2% | 14.73% | −1.85 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Reduce -2.5% | 3.49% | −1.40 |
| SLB SLB Ltd. | Reduce -18.8% | 4.43% | −1.11 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.81 |
| ISRG Intuitive Surgical Inc. | Reduce -62.2% | 0.43% | −0.78 |
| PONY Pony AI Inc. | Reduce -45.3% | 0.27% | −0.35 |
| APG Api Group Corp. | Sold out | 0.00% | −0.25 |
| RXRX Recursion Pharmaceuticals-A | Reduce -62.5% | 0.17% | −0.18 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.18 |
| JOBY Joby Aviation Inc. | Reduce -35.7% | 0.46% | −0.15 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.09 |
| RKT Rocket Cos Inc. Class A | Sold out | 0.00% | −0.05 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.05 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.04 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.04 |
| VEON Veon Ltd. | Reduce -12.9% | 5.92% | +0.37 |
Portfolio Buys Q1 2026 → Q2 2026
| MOH Molina Healthcare Inc. | New | 12.36% | +12.36 |
| RRC Range Resources Corp. | Add +53.5% | 8.84% | +2.40 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.4% | 3.17% | +1.32 |
| NBIS Nebius Group NV | Add +59.5% | 1.22% | +0.96 |
| NVDA Nvidia Corp. | Add +8.7% | 2.88% | +0.75 |
| SSMR Sunshine Silver Mining & Ref | New | 0.57% | +0.57 |
| FRVO Fervo Energy Co. Class A | New | 0.32% | +0.32 |
| NG Novagold Resources Inc. | New | 0.24% | +0.24 |
| NVRI Enviri Corp. | New | 0.10% | +0.10 |
| KLAR Klarna Group PLC | New | 0.08% | +0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 31 | $4.6B | TEVA, CVNA, MOH, PSKY, RRC |
| Q1 2026 | 34 | $5.0B | TEVA, CVNA, PSKY, VAL, NG |
| Q4 2025 | 38 | $5.7B | CVNA, TEVA, PSKY, SBSW, NG |
| Q3 2025Amended | 34 | $5.3B | CVNA, PSKY, TEVA, VEON, SBSW |
| Q2 2025 | 42 | $4.7B | CVNA, PARAA, TEVA, RRC, VEON |
| Q1 2025 | 44 | $3.8B | CVNA, PARAA, TEVA, HMY, RRC |
| Q4 2024 | 53 | $3.7B | CVNA, TEVA, PARAA, RRC, VEON |
| Q3 2024 | 46 | $3.5B | CVNA, TEVA, PARAA, HMY, RRC |
| Q2 2024 | 50 | $3.0B | CVNA, TEVA, PARAA, VAL, RRC |
| Q1 2024 | 47 | $2.4B | TEVA, CVNA, VAL, RRC, HMY |