Lingotto Investment Management LLP In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Lingotto Investment Management LLP reported 34 stock positions worth $5.0 billion . Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 16.6% of the portfolio, followed by Carvana (CVNA, 15.9% ) and Paramount Skydance Class B (PSKY, 8.3% ). Compared with Q4 2025, it opened 3 new positions, sold out of 7, added to 15 and reduced 13. The biggest buy was SLB (SLB, shares +30% ) and the biggest sale Carvana (CVNA, shares −11% ).
Location London, X0
CIK 0001732768
Portfolio Value $5.0B (Q1 2026) Holdings 34 stocks · $5.0B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 TEVA Teva Pharmaceutical-SP ADR 27,770,857 $836.5M Reduce -2.3% CVNA Carvana Co. 2,548,077 $801.1M Reduce -10.8% PSKY Paramount Skydance Class B 46,061,363 $417.1M Reduce -2.4% VAL Valaris Ltd. 3,706,866 $363.4M Reduce -0.3% NG Novagold Resources Inc. 36,842,013 $330.8M Add +4.7% RRC Range Resources Corp. 7,193,719 $325.0M Reduce -0.3% VEON Veon Ltd. 6,042,061 $279.7M Reduce -0.3% SLB SLB Ltd. filed as SLB LIMITED 5,406,567 $279.1M Add +30.0% SBSW Sibanye-Stillwater Ltd.-ADR 19,575,936 $246.2M Reduce -31.1% GDXJ Vaneck Junior Gold Miners 1,990,572 $238.9M Reduce -23.5% AG First Majestic Silver Corp. 10,016,055 $215.1M Reduce -0.3% NVDA Nvidia Corp. 614,357 $107.1M Add +19.3% TSM Taiwan Semiconductor-SP ADR 277,227 $93.7M Add +0.8% TEM Tempus AI Inc. Class A 1,415,766 $64.0M Add +23.8% NET Cloudflare Inc. Class A 300,023 $61.9M Add +70.8% ISRG Intuitive Surgical Inc. 131,522 $60.6M Add +22.1% MELI MercadoLibre Inc. 24,040 $41.6M Add +19.3% NOW ServiceNow Inc. 389,886 $40.8M Add +36.6% AUR Aurora Innovation Inc. 9,722,567 $40.1M Add +19.2% MRNA Moderna Inc. 763,907 $38.8M Add +53.2% PONY Pony AI Inc. 3,324,068 $31.4M Reduce -19.1% JOBY Joby Aviation Inc. 3,743,218 $30.9M Add +19.3% TSLA Tesla Inc. 70,039 $26.0M Add +19.1% RXRX Recursion Pharmaceuticals-A 5,881,738 $18.1M Add +19.3% NBIS Nebius Group NV 128,945 $13.4M New APG Api Group Corp. 307,200 $12.4M No change AMZN Amazon.com Inc. 42,410 $8.8M No change MSFT Microsoft Corp. 12,517 $4.6M Reduce -85.9% DUOL Duolingo 40,045 $3.9M Add +19.3% RKT Rocket Cos Inc. Class A 178,219 $2.5M Reduce -40.6% HMY Harmony Gold MNG-Spon ADR 161,787 $2.5M Reduce -96.7% KKR KKR & Co. Inc. 26,624 $2.5M New OWL Blue Owl Capital Inc. 239,234 $2.2M New BABA Alibaba Group Holding-SP ADR 17,100 $2.1M No change
Options reported separately and not counted above: SLB calls ($21.1M).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ CVNA Carvana Co. Reduce -10.8% 15.88% −5.37 PSKY Paramount Skydance Class B Reduce -2.4% 8.27% −2.88 SBSW Sibanye-Stillwater Ltd.-ADR Reduce -31.1% 4.88% −2.26 HMY Harmony Gold MNG-Spon ADR Reduce -96.7% 0.05% −1.67 MSFT Microsoft Corp. Reduce -85.9% 0.09% −0.67 GDXJ Vaneck Junior Gold Miners Reduce -23.5% 4.74% −0.49 PONY Pony AI Inc. Reduce -19.1% 0.62% −0.43 H Hyatt Hotels Corp. Class A Sold out 0.00% −0.18 CRH CRH PLC Sold out 0.00% −0.13 RUN Sunrun Inc. Sold out 0.00% −0.08 VEON Veon Ltd. Reduce -0.3% 5.55% −0.07 RKT Rocket Cos Inc. Class A Reduce -40.6% 0.05% −0.05 PRMB Primo Brands Corp. Sold out 0.00% −0.05 VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.05 DNA Ginkgo Bioworks Holdings Inc. Sold out 0.00% −0.04 UUUU Energy Fuels Inc. Sold out 0.00% −0.02 TEVA Teva Pharmaceutical-SP ADR Reduce -2.3% 16.59% +0.94 AG First Majestic Silver Corp. Reduce -0.3% 4.27% +1.31 RRC Range Resources Corp. Reduce -0.3% 6.44% +1.96 VAL Valaris Ltd. Reduce -0.3% 7.21% +3.90
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ SLB SLB Ltd. Add +30.0% 5.53% +2.72 NG Novagold Resources Inc. Add +4.7% 6.56% +0.77 NET Cloudflare Inc. Class A Add +70.8% 1.23% +0.62 MRNA Moderna Inc. Add +53.2% 0.77% +0.51 NVDA Nvidia Corp. Add +19.3% 2.12% +0.43 TSM Taiwan Semiconductor-SP ADR Add +0.8% 1.86% +0.38 NBIS Nebius Group NV New 0.27% +0.27 AUR Aurora Innovation Inc. Add +19.2% 0.79% +0.24 ISRG Intuitive Surgical Inc. Add +22.1% 1.20% +0.13 MELI MercadoLibre Inc. Add +19.3% 0.82% +0.11 TEM Tempus AI Inc. Class A Add +23.8% 1.27% +0.08 TSLA Tesla Inc. Add +19.1% 0.52% +0.05 KKR KKR & Co. Inc. New 0.05% +0.05 OWL Blue Owl Capital Inc. New 0.04% +0.04 NOW ServiceNow Inc. Add +36.6% 0.81% +0.04 RXRX Recursion Pharmaceuticals-A Add +19.3% 0.36% +0.00 DUOL Duolingo Add +19.3% 0.08% −0.03 JOBY Joby Aviation Inc. Add +19.3% 0.61% −0.12
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SLB SLB Ltd. call Reduce -77.2% 410,000 $21.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 2025 Amended 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