Lingotto Investment Management LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Lingotto Investment Management LLP reported 53 stock positions worth $3.7 billion. Its top holding was Carvana (CVNA) at 21.8% of the portfolio, followed by Teva Pharmaceutical-SP ADR (TEVA, 16.1%) and Paramount Global Class B (PARAA, 12.6%). Compared with Q3 2024, it opened 12 new positions, sold out of 5, added to 17 and reduced 5. The biggest buy was Teva Pharmaceutical-SP ADR (TEVA, shares +3%) and the biggest sale Tempus AI Class A (TEM, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001732768
- Portfolio Value
- $3.7B (Q4 2024)
- SEC Filing
- 0001172661-25-000491 ↗ filed Feb 4, 2025
Holdings Value
Holdings 53 stocks · $3.7B
| CVNA Carvana Co. | 21.75% | 3,987,150 | $810.8M | Add +1.5% |
| TEVA Teva Pharmaceutical-SP ADR | 16.08% | 27,192,388 | $599.3M | Add +2.6% |
| PARAA Paramount Global Class B | 12.56% | 44,753,299 | $468.1M | Add +3.7% |
| RRC Range Resources Corp. | 6.63% | 6,864,038 | $247.0M | Add +2.5% |
| VEON Veon Ltd. | 6.18% | 5,740,438 | $230.2M | Add +2.9% |
| HMY Harmony Gold MNG-Spon ADR | 4.60% | 20,892,214 | $171.5M | No change |
| VAL Valaris Ltd. | 4.32% | 3,637,207 | $160.9M | Add +2.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 4.08% | 3,965,064 | $152.0M | Add +5.5% |
| GDXJ Vaneck Junior Gold Miners | 2.83% | 2,468,267 | $105.5M | Add +2.5% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 2.46% | 27,798,014 | $91.7M | Add +1.0% |
| NG Novagold Resources Inc. | 1.87% | 20,902,054 | $69.6M | Add +3.5% |
| NVDA Nvidia Corp. | 1.67% | 463,660 | $62.3M | Reduce -19.9% |
| GATO Gatos Silver Inc. | 1.40% | 3,727,305 | $52.1M | Add +2.8% |
| ISRG Intuitive Surgical Inc. | 1.07% | 76,357 | $39.9M | No change |
| NOW ServiceNow Inc. | 1.03% | 36,104 | $38.3M | No change |
| MSFT Microsoft Corp. | 1.02% | 90,526 | $38.2M | Reduce -13.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.98% | 185,000 | $36.5M | No change |
| TSLA Tesla Inc. | 0.96% | 88,961 | $35.9M | No change |
| TEM Tempus AI Inc. Class A | 0.71% | 783,859 | $26.5M | Reduce -16.1% |
| MELI MercadoLibre Inc. | 0.68% | 15,014 | $25.5M | No change |
| RXRX Recursion Pharmaceuticals-A | 0.67% | 3,675,077 | $24.8M | No change |
| PCOR Procore Technologies Inc. | 0.65% | 325,000 | $24.4M | No change |
| JOBY Joby Aviation Inc. | 0.51% | 2,338,980 | $19.0M | No change |
| PONY Pony AI Inc. | 0.46% | 1,200,000 | $17.2M | New |
| MRNA Moderna Inc. | 0.42% | 373,095 | $15.5M | No change |
| AVGO Broadcom Inc. | 0.31% | 50,000 | $11.6M | No change |
| CP Canadian Pacific Kansas City | 0.27% | 138,479 | $10.0M | Add +5.1% |
| TLT iShares 20+ Year Treasury BD | 0.26% | 110,000 | $9.6M | New |
| KRE SS SPDR S&P Regional Bank | 0.26% | 159,000 | $9.6M | New |
| AMZN Amazon.com Inc. | 0.25% | 42,410 | $9.3M | No change |
| FNF Fidelity National Financial | 0.24% | 157,462 | $8.8M | Add +0.6% |
| WMT Walmart Inc. | 0.22% | 92,000 | $8.3M | New |
| LNTH Lantheus Holdings Inc. | 0.21% | 89,232 | $8.0M | Add +61.4% |
| GDX Vaneck Gold Miners ETF | 0.21% | 234,000 | $7.9M | No change |
| BN Brookfield Corp. | 0.21% | 136,104 | $7.8M | New |
| UBER Uber Technologies Inc. | 0.20% | 121,113 | $7.3M | Add +21.0% |
| GTX Garrett Motion Inc. | 0.19% | 800,000 | $7.2M | No change |
| LNG Cheniere Energy Inc. | 0.19% | 32,443 | $7.0M | Add +41.5% |
| CBRE CBRE Group Inc. Class A | 0.18% | 52,212 | $6.9M | Reduce -17.1% |
| VRT Vertiv Holdings Co. Class A | 0.18% | 60,000 | $6.8M | Reduce -35.5% |
| H Hyatt Hotels Corp. Class A | 0.15% | 35,221 | $5.5M | Add +10.5% |
| CRH CRH PLC | 0.15% | 59,613 | $5.5M | New |
| APG Api Group Corp. | 0.12% | 128,000 | $4.6M | New |
| UNH Unitedhealth Group Inc. | 0.10% | 7,110 | $3.6M | New |
| KWEB Kranesh Csi China Internet | 0.08% | 100,000 | $2.9M | No change |
| DKNG Draftkings Inc. Class A | 0.08% | 75,600 | $2.8M | New |
| SRAD Sportradar Group AG-A | 0.07% | 151,669 | $2.6M | New |
| OSCR Oscar Health Inc. Class A | 0.07% | 189,200 | $2.5M | New |
| DNA Ginkgo Bioworks Holdings Inc. | 0.07% | 250,282 | $2.5M | No change |
| FSLR First Solar Inc. | 0.06% | 13,700 | $2.4M | No change |
| COF Capital One Financial Corp. | 0.05% | 11,100 | $2.0M | New |
| SKIL Skillsoft Corp. | 0.04% | 57,768 | $1.4M | No change |
| DM Desktop Metal Inc. Class A | 0.01% | 82,817 | $194K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| TEM Tempus AI Inc. Class A | Reduce -16.1% | 0.71% | −0.81 |
| NVDA Nvidia Corp. | Reduce -19.9% | 1.67% | −0.36 |
| MSFT Microsoft Corp. | Reduce -13.9% | 1.02% | −0.28 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.26 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.15 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.14 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.13 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.11 |
| VRT Vertiv Holdings Co. Class A | Reduce -35.5% | 0.18% | −0.08 |
| CBRE CBRE Group Inc. Class A | Reduce -17.1% | 0.18% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| TEVA Teva Pharmaceutical-SP ADR | Add +2.6% | 16.08% | +2.31 |
| CVNA Carvana Co. | Add +1.5% | 21.75% | +2.02 |
| VEON Veon Ltd. | Add +2.9% | 6.18% | +1.28 |
| RRC Range Resources Corp. | Add +2.5% | 6.63% | +0.68 |
| PONY Pony AI Inc. | New | 0.46% | +0.46 |
| TLT iShares 20+ Year Treasury BD | New | 0.26% | +0.26 |
| KRE SS SPDR S&P Regional Bank | New | 0.26% | +0.26 |
| WMT Walmart Inc. | New | 0.22% | +0.22 |
| BN Brookfield Corp. | New | 0.21% | +0.21 |
| CRH CRH PLC | New | 0.15% | +0.15 |
| APG Api Group Corp. | New | 0.12% | +0.12 |
| UNH Unitedhealth Group Inc. | New | 0.10% | +0.10 |
| DKNG Draftkings Inc. Class A | New | 0.08% | +0.08 |
| SRAD Sportradar Group AG-A | New | 0.07% | +0.07 |
| OSCR Oscar Health Inc. Class A | New | 0.07% | +0.07 |
| LNG Cheniere Energy Inc. | Add +41.5% | 0.19% | +0.07 |
| COF Capital One Financial Corp. | New | 0.05% | +0.05 |
| LNTH Lantheus Holdings Inc. | Add +61.4% | 0.21% | +0.04 |
| H Hyatt Hotels Corp. Class A | Add +10.5% | 0.15% | +0.01 |
| UBER Uber Technologies Inc. | Add +21.0% | 0.20% | −0.02 |
| FNF Fidelity National Financial | Add +0.6% | 0.24% | −0.04 |
| CP Canadian Pacific Kansas City | Add +5.1% | 0.27% | −0.06 |
| GATO Gatos Silver Inc. | Add +2.8% | 1.40% | −0.18 |
| SLB SLB Ltd. | Add +5.5% | 4.08% | −0.47 |
| NG Novagold Resources Inc. | Add +3.5% | 1.87% | −0.52 |
| GDXJ Vaneck Junior Gold Miners | Add +2.5% | 2.83% | −0.56 |
| PARAA Paramount Global Class B | Add +3.7% | 12.56% | −0.66 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +1.0% | 2.46% | −0.80 |
| VAL Valaris Ltd. | Add +2.5% | 4.32% | −1.39 |
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 |