Liontrust Investment Partners LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Liontrust Investment Partners LLP reported 212 stock positions worth $6.9 billion. Its top holding was Visa Class A (V) at 4.5% of the portfolio, followed by Thermo Fisher Scientific (TMO, 3.7%) and Microsoft (MSFT, 3.4%). Compared with Q3 2024, it opened 43 new positions, sold out of 50, added to 61 and reduced 89. The biggest buy was a new position in Alcon (ALC) and the biggest sale an exit from Iqvia (IQV).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001544204
- Portfolio Value
- $6.9B (Q4 2024)
- SEC Filing
- 0001544204-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 212 stocks · $6.9B
| V Visa Inc. Class A | 4.46% | 972,560 | $307.4M | Reduce -3.6% |
| TMO Thermo Fisher Scientific Inc. | 3.69% | 488,697 | $254.2M | Add +20.1% |
| MSFT Microsoft Corp. | 3.36% | 549,873 | $231.8M | Reduce -17.5% |
| CDNS Cadence Design SYS Inc. | 3.26% | 747,453 | $224.6M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 3.18% | 1,157,615 | $219.1M | Reduce -16.7% |
| PTC PTC Inc. | 2.68% | 1,003,532 | $184.5M | Reduce -0.0% |
| NDAQ Nasdaq Inc. | 2.40% | 2,144,155 | $165.8M | Reduce -6.4% |
| INTU Intuit Inc. | 2.30% | 252,927 | $159.0M | Reduce -1.9% |
| PCTY Paylocity Holding Corp. | 2.27% | 784,068 | $156.4M | Reduce -3.2% |
| SPOT Spotify Technology SA | 2.25% | 346,473 | $155.0M | Reduce -38.2% |
| A Agilent Technologies Inc. | 2.22% | 1,140,540 | $153.2M | Reduce -5.1% |
| ISRG Intuitive Surgical Inc. | 2.19% | 288,914 | $150.8M | Reduce -24.8% |
| ECL Ecolab Inc. | 2.19% | 643,374 | $150.8M | Reduce -3.0% |
| PYPL PayPal Holdings Inc. | 2.15% | 1,734,876 | $148.1M | Add +17.5% |
| ALC Alcon Inc. filed as ALCON AG | 2.10% | 1,706,670 | $144.8M | New |
| VLTO Veralto Corp. | 2.05% | 1,387,332 | $141.3M | Reduce -19.4% |
| NOW ServiceNow Inc. | 2.01% | 130,756 | $138.6M | Reduce -2.5% |
| ADSK Autodesk Inc. | 1.98% | 462,602 | $136.7M | Reduce -4.7% |
| NVR NVR Inc. | 1.96% | 16,505 | $135.0M | Reduce -4.0% |
| MASI Masimo Corp. | 1.90% | 792,935 | $131.1M | Reduce -1.9% |
| AMT American Tower Corp. | 1.87% | 704,932 | $129.3M | Reduce -3.8% |
| SCHW Schwab (charles) Corp. | 1.79% | 1,667,606 | $123.4M | Reduce -3.2% |
| EW Edwards Lifesciences Corp. | 1.73% | 1,610,439 | $119.2M | Add +33.3% |
| MORN Morningstar Inc. | 1.63% | 333,631 | $112.4M | Reduce -17.2% |
| CNM Core & Main Inc. Class A | 1.62% | 2,195,389 | $111.8M | New |
| TREX Trex Company Inc. | 1.58% | 1,576,791 | $108.8M | Add +61.8% |
| FERG Ferguson Enterprises Inc. | 1.52% | 600,866 | $104.6M | New |
| BLD Topbuild Corp. | 1.45% | 320,370 | $99.7M | Reduce -3.5% |
| NVDA Nvidia Corp. | 1.37% | 705,405 | $94.7M | Reduce -26.7% |
| WST West Pharmaceutical Services | 1.37% | 288,784 | $94.6M | Add +48.2% |
| VRSN Verisign Inc. | 1.36% | 453,695 | $93.9M | Reduce -48.5% |
| WMS Advanced Drainage Systems Inc. | 1.24% | 742,030 | $85.8M | Add +15.2% |
| ANSS Ansys Inc. | 1.24% | 253,611 | $85.6M | Reduce -6.1% |
| DB Deutsche Bank AG-Registered | 1.21% | 4,845,135 | $83.5M | Add +2.7% |
| PANW Palo Alto Networks Inc. | 1.16% | 441,031 | $80.3M | Reduce -3.6% |
| UBS UBS Group AG-Reg | 1.16% | 2,615,450 | $80.0M | Add +3.1% |
| BFAM Bright Horizons Family Solut | 1.07% | 666,876 | $73.9M | Reduce -30.6% |
| VRSK Verisk Analytics Inc. | 0.96% | 240,874 | $66.3M | Reduce -19.2% |
| LOGI Logitech International-Reg | 0.91% | 755,544 | $62.6M | Add +54.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.74% | 259,466 | $51.2M | Reduce -30.4% |
| AVGO Broadcom Inc. | 0.72% | 213,121 | $49.4M | Add +610.4% |
| META Meta Platforms Inc. Class A | 0.69% | 80,807 | $47.3M | Reduce -34.0% |
| SW Smurfit Westrock PLC | 0.68% | 866,481 | $46.8M | New |
| AMAT Applied Materials Inc. | 0.63% | 265,713 | $43.2M | Add +66.1% |
| NFLX Netflix Inc. | 0.61% | 47,517 | $42.4M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.60% | 188,099 | $41.3M | Reduce -0.3% |
| TMDX Transmedics Group Inc. | 0.54% | 596,401 | $37.2M | Add +1815.0% |
| MELI MercadoLibre Inc. | 0.47% | 19,249 | $32.7M | Add +31.8% |
| APH Amphenol Corp. Class A | 0.46% | 453,081 | $31.5M | Add +178.0% |
| LLY Eli Lilly & Co. | 0.44% | 39,245 | $30.3M | Add +53.9% |
| COST Costco Wholesale Corp. | 0.39% | 29,476 | $27.0M | Reduce -29.5% |
| BEP Brookfield Renewable Partner | 0.39% | 1,181,278 | $26.9M | Add +96.9% |
| CEG Constellation Energy | 0.39% | 119,629 | $26.8M | Add +10.8% |
| MA Mastercard Inc. Class A | 0.38% | 49,522 | $26.1M | Reduce -3.9% |
| SHOP Shopify Inc. Class A | 0.37% | 239,613 | $25.5M | Add +74.8% |
| DHR Danaher Corp. | 0.37% | 110,625 | $25.4M | Add +268.8% |
| CRM Salesforce Inc. | 0.35% | 72,734 | $24.3M | Reduce -18.7% |
| CBOE Cboe Global Markets Inc. | 0.34% | 120,447 | $23.5M | Add +13.3% |
| EXPE Expedia Group Inc. | 0.33% | 120,614 | $22.5M | New |
| NET Cloudflare Inc. Class A | 0.32% | 203,945 | $22.0M | Add +10.6% |
| ABNB Airbnb Inc. Class A | 0.32% | 166,909 | $21.9M | Add +32.6% |
| LRCX Lam Research Corp. | 0.32% | 303,141 | $21.9M | Reduce -6.7% |
| COIN Coinbase Global Inc. Class A | 0.31% | 87,442 | $21.7M | Add +138.4% |
| ORCL Oracle Corp. | 0.31% | 129,969 | $21.7M | Add +20.3% |
| SNOW Snowflake Inc. | 0.31% | 139,170 | $21.5M | Add +45.3% |
| UBER Uber Technologies Inc. | 0.30% | 337,407 | $20.4M | Add +6.4% |
| BKNG Booking Holdings Inc. | 0.29% | 4,082 | $20.3M | Reduce -1.9% |
| PDD PDD Holdings Inc. | 0.28% | 202,473 | $19.6M | Add +347.0% |
| ANET Arista Networks Inc. | 0.26% | 164,120 | $18.1M | Reduce -10.8% |
| TSLA Tesla Inc. | 0.26% | 43,634 | $17.6M | Reduce -62.4% |
| INDV Indivior Ltd. | 0.25% | 1,326,647 | $17.0M | Reduce -3.1% |
| AAPL Apple Inc. | 0.24% | 66,800 | $16.7M | Reduce -67.5% |
| TRMB Trimble Inc. | 0.24% | 230,213 | $16.3M | New |
| SNPS Synopsys Inc. | 0.24% | 33,464 | $16.2M | Add +23.9% |
| TXN Texas Instruments Inc. | 0.23% | 83,126 | $15.6M | New |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.22% | 292,884 | $15.5M | New |
| DELL Dell Technologies -C | 0.22% | 133,190 | $15.3M | Reduce -31.7% |
| BABA Alibaba Group Holding-SP ADR | 0.22% | 177,294 | $15.0M | Add +77.7% |
| ONTO Onto Innovation Inc. | 0.21% | 88,167 | $14.7M | Add +100.4% |
| ARM Arm Holdings PLC-ADR | 0.21% | 117,230 | $14.5M | Add +149.4% |
| FTDR Frontdoor Inc. | 0.20% | 257,915 | $14.1M | Reduce -62.3% |
| UNH Unitedhealth Group Inc. | 0.20% | 27,821 | $14.1M | New |
| QGEN Qiagen NV | 0.20% | 311,954 | $13.9M | New |
| RS Reliance Inc. | 0.20% | 50,510 | $13.6M | Reduce -2.0% |
| B Barrick Gold Corp. | 0.19% | 825,588 | $12.8M | Add +13332.9% |
| MDB Mongodb Inc. | 0.18% | 54,104 | $12.6M | Add +2.1% |
| BX Blackstone Inc. | 0.18% | 72,873 | $12.6M | Add +42.0% |
| UCTT Ultra Clean Holdings Inc. | 0.18% | 349,459 | $12.6M | Add +275.8% |
| NBIS Nebius Group NV | 0.18% | 450,000 | $12.5M | No change |
| CAMT Camtek Ltd. | 0.18% | 154,286 | $12.5M | Add +191.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 36,069 | $12.3M | Reduce -60.7% |
| GOOG Alphabet Inc. Class C | 0.18% | 63,802 | $12.2M | Add +6.7% |
| BAP Credicorp Ltd. | 0.17% | 63,075 | $11.6M | Add +5.0% |
| ADBE Adobe Inc. | 0.17% | 25,891 | $11.5M | Reduce -1.6% |
| MU Micron Technology Inc. | 0.17% | 136,261 | $11.5M | Add +28.4% |
| MCO Moody's Corp. | 0.16% | 24,020 | $11.4M | New |
| ETN Eaton Corp. PLC | 0.16% | 34,025 | $11.3M | Reduce -31.9% |
| YMM Full Truck Alliance -SPN ADR | 0.16% | 1,040,461 | $11.3M | Add +42.5% |
| CARR Carrier Global Corp. | 0.16% | 157,116 | $10.7M | New |
| TCOM Trip.com Group Ltd.-ADR | 0.15% | 147,412 | $10.1M | Reduce -24.8% |
Portfolio Sells Q3 2024 → Q4 2024
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −2.56 |
| ALCON INC | Sold out | 0.00% | −2.38 |
| FERG Ferguson Jersey Ltd. | Sold out | 0.00% | −1.74 |
| BRO Brown & Brown Inc. | Reduce -99.0% | 0.01% | −1.22 |
| MSFT Microsoft Corp. | Reduce -17.5% | 3.36% | −0.87 |
| VRSN Verisign Inc. | Reduce -48.5% | 1.36% | −0.87 |
| BFAM Bright Horizons Family Solut | Reduce -30.6% | 1.07% | −0.43 |
| ICLR Icon PLC | Reduce -67.2% | 0.12% | −0.41 |
| GOOGL Alphabet Inc. Class A | Reduce -16.7% | 3.18% | −0.39 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.37 |
| AAPL Apple Inc. | Reduce -67.5% | 0.24% | −0.37 |
| BLD Topbuild Corp. | Reduce -3.5% | 1.45% | −0.37 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -60.7% | 0.18% | −0.32 |
| NVDA Nvidia Corp. | Reduce -26.7% | 1.37% | −0.32 |
| VRT Vertiv Holdings Co. Class A | Reduce -87.0% | 0.07% | −0.31 |
| VLTO Veralto Corp. | Reduce -19.4% | 2.05% | −0.29 |
| ELV Elevance Health Inc. | Reduce -53.3% | 0.13% | −0.27 |
| SPOT Spotify Technology SA | Reduce -38.2% | 2.25% | −0.25 |
| ISRG Intuitive Surgical Inc. | Reduce -24.8% | 2.19% | −0.24 |
| QGEN Qiagen NV | Sold out | 0.00% | −0.24 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.23 |
| STX Seagate Technology Holdings | Reduce -56.8% | 0.13% | −0.22 |
| EQIX Equinix Inc. | Reduce -95.7% | 0.01% | −0.21 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.21 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.19 |
| META Meta Platforms Inc. Class A | Reduce -34.0% | 0.69% | −0.19 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.18 |
| VRSK Verisk Analytics Inc. | Reduce -19.2% | 0.96% | −0.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -30.4% | 0.74% | −0.18 |
| LRCX Lam Research Corp. | Reduce -6.7% | 0.32% | −0.17 |
| DELL Dell Technologies -C | Reduce -31.7% | 0.22% | −0.16 |
| AMT American Tower Corp. | Reduce -3.8% | 1.87% | −0.15 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.14 |
| ONON On Holding AG Class A | Reduce -70.4% | 0.10% | −0.14 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.14 |
| CDNS Cadence Design SYS Inc. | Reduce -3.5% | 3.26% | −0.13 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.13 |
| FTDR Frontdoor Inc. | Reduce -62.3% | 0.20% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -85.3% | 0.02% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -29.5% | 0.39% | −0.11 |
| INTU Intuit Inc. | Reduce -1.9% | 2.30% | −0.10 |
| DDOG Datadog Inc. Class A | Reduce -58.4% | 0.09% | −0.10 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.09 |
| STVN Stevanato Group SPA | Sold out | 0.00% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -86.1% | 0.06% | −0.09 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.08 |
| INTC Intel Corp. | Sold out | 0.00% | −0.08 |
| DXCM Dexcom Inc. | Reduce -16.8% | 0.11% | −0.08 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.08 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| ALC Alcon Inc. | New | 2.10% | +2.10 |
| CNM Core & Main Inc. Class A | New | 1.62% | +1.62 |
| FERG Ferguson Enterprises Inc. | New | 1.52% | +1.52 |
| PYPL PayPal Holdings Inc. | Add +17.5% | 2.15% | +0.93 |
| SW Smurfit Westrock PLC | New | 0.68% | +0.68 |
| TREX Trex Company Inc. | Add +61.8% | 1.58% | +0.55 |
| TMO Thermo Fisher Scientific Inc. | Add +20.1% | 3.69% | +0.49 |
| TMDX Transmedics Group Inc. | Add +1815.0% | 0.54% | +0.47 |
| WST West Pharmaceutical Services | Add +48.2% | 1.37% | +0.46 |
| EXPE Expedia Group Inc. | New | 0.33% | +0.33 |
| APH Amphenol Corp. Class A | Add +178.0% | 0.46% | +0.30 |
| DHR Danaher Corp. | Add +268.8% | 0.37% | +0.26 |
| SHOP Shopify Inc. Class A | Add +74.8% | 0.37% | +0.24 |
| TRMB Trimble Inc. | New | 0.24% | +0.24 |
| LOGI Logitech International-Reg | Add +54.0% | 0.91% | +0.23 |
| TXN Texas Instruments Inc. | New | 0.23% | +0.23 |
| HRB H&R Block Inc. | New | 0.22% | +0.22 |
| UNH Unitedhealth Group Inc. | New | 0.20% | +0.20 |
| QGEN Qiagen NV | New | 0.20% | +0.20 |
| PDD PDD Holdings Inc. | Add +347.0% | 0.28% | +0.20 |
| COIN Coinbase Global Inc. Class A | Add +138.4% | 0.31% | +0.20 |
| B Barrick Gold Corp. | Add +13332.9% | 0.19% | +0.18 |
| BEP Brookfield Renewable Partner | Add +96.9% | 0.39% | +0.18 |
| MCO Moody's Corp. | New | 0.16% | +0.16 |
| CARR Carrier Global Corp. | New | 0.16% | +0.16 |
| EW Edwards Lifesciences Corp. | Add +33.3% | 1.73% | +0.14 |
| DB Deutsche Bank AG-Registered | Add +2.7% | 1.21% | +0.14 |
| NEM Newmont Corp. | New | 0.14% | +0.14 |
| HD Home Depot Inc. | New | 0.14% | +0.14 |
| MELI MercadoLibre Inc. | Add +31.8% | 0.47% | +0.13 |
| SNOW Snowflake Inc. | Add +45.3% | 0.31% | +0.13 |
| IOT Samsara Inc. Class A | New | 0.12% | +0.12 |
| UCTT Ultra Clean Holdings Inc. | Add +275.8% | 0.18% | +0.12 |
| BABA Alibaba Group Holding-SP ADR | Add +77.7% | 0.22% | +0.12 |
| LLY Eli Lilly & Co. | Add +53.9% | 0.44% | +0.11 |
| NET Cloudflare Inc. Class A | Add +10.6% | 0.32% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +149.4% | 0.21% | +0.10 |
| UBS UBS Group AG-Reg | Add +3.1% | 1.16% | +0.10 |
| ORCL Oracle Corp. | Add +20.3% | 0.31% | +0.10 |
| BX Blackstone Inc. | Add +42.0% | 0.18% | +0.09 |
| AMAT Applied Materials Inc. | Add +66.1% | 0.63% | +0.09 |
| CAMT Camtek Ltd. | Add +191.1% | 0.18% | +0.09 |
| NUE Nucor Corp. | New | 0.08% | +0.08 |
| CBOE Cboe Global Markets Inc. | Add +13.3% | 0.34% | +0.08 |
| CEG Constellation Energy | Add +10.8% | 0.39% | +0.08 |
| P Everpure Inc. Class A | New | 0.08% | +0.08 |
| YMM Full Truck Alliance -SPN ADR | Add +42.5% | 0.16% | +0.08 |
| ONTO Onto Innovation Inc. | Add +100.4% | 0.21% | +0.08 |
| MRNA Moderna Inc. | Add +1055.7% | 0.09% | +0.07 |
| FN Fabrinet | Add +421.2% | 0.08% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 194 | $6.8B | AZN, TSM, GOOGL, AVGO, DB |
| Q1 2026Amended | 196 | $5.9B | ASTRAZENECA PLC, AVGO, GOOGL, DEUTSCHE BANK AG, TSM |
| Q4 2025 | 204 | $6.7B | GOOGL, MSFT, DB, TMO, CDNS |
| Q3 2025Amended | 189 | $6.8B | GOOGL, SPOT, MSFT, CDNS, TMO |
| Q2 2025 | 198 | $7.0B | SPOT, MSFT, V, CDNS, GOOGL |
| Q1 2025 | 210 | $6.4B | V, TMO, SPOTIFY TECHNOLOGY SA, CDNS, MSFT |
| Q4 2024 | 212 | $6.9B | V, TMO, MSFT, CDNS, GOOGL |
| Q3 2024 | 219 | $7.0B | MSFT, V, GOOGL, CDNS, TMO |
| Q2 2024 | 219 | $7.0B | MSFT, V, GOOGL, CDNS, TMO |
| Q1 2024 | 194 | $7.2B | V, CDNS, TMO, GOOGL, IQV |