Liontrust Investment Partners LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Liontrust Investment Partners LLP reported 210 stock positions worth $6.4 billion. Its top holding was Visa Class A (V) at 4.0% of the portfolio, followed by Thermo Fisher Scientific (TMO, 3.8%) and Spotify Technology (3.5%). Compared with Q4 2024, it opened 65 new positions, sold out of 67, added to 60 and reduced 80. The biggest buy was a new position in Spotify Technology and the biggest sale an exit from Spotify Technology (SPOT).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001544204
- Portfolio Value
- $6.4B (Q1 2025)
- SEC Filing
- 0001544204-25-000002 ↗ filed May 13, 2025
Holdings Value
Holdings 210 stocks · $6.4B
| V Visa Inc. Class A | 4.02% | 733,856 | $257.2M | Reduce -24.5% |
| TMO Thermo Fisher Scientific Inc. | 3.81% | 490,390 | $244.0M | Add +0.3% |
| SPOTIFY TECHNOLOGY SA | 3.55% | 412,838 | $227.1M | New |
| CDNS Cadence Design SYS Inc. | 3.23% | 813,481 | $206.9M | Add +8.8% |
| MSFT Microsoft Corp. | 3.14% | 535,735 | $201.1M | Reduce -2.6% |
| GOOGL Alphabet Inc. Class A | 2.96% | 1,225,801 | $189.6M | Add +5.9% |
| NDAQ Nasdaq Inc. | 2.44% | 2,063,760 | $156.6M | Reduce -3.8% |
| PTC PTC Inc. | 2.25% | 927,920 | $143.8M | Reduce -7.5% |
| AMT American Tower Corp. | 2.21% | 651,384 | $141.7M | Reduce -7.6% |
| PCTY Paylocity Holding Corp. | 2.17% | 742,247 | $139.1M | Reduce -5.3% |
| ISRG Intuitive Surgical Inc. | 2.10% | 271,116 | $134.3M | Reduce -6.2% |
| VLTO Veralto Corp. | 2.00% | 1,312,404 | $127.9M | Reduce -5.4% |
| ECL Ecolab Inc. | 1.99% | 503,537 | $127.7M | Reduce -21.7% |
| SCHW Schwab (charles) Corp. | 1.96% | 1,603,901 | $125.6M | Reduce -3.8% |
| MASI Masimo Corp. | 1.94% | 747,498 | $124.5M | Reduce -5.7% |
| INTU Intuit Inc. | 1.93% | 201,072 | $123.5M | Reduce -20.5% |
| ALCON AG | 1.88% | 1,281,552 | $120.5M | New |
| NVR NVR Inc. | 1.80% | 15,876 | $115.0M | Reduce -3.8% |
| ADSK Autodesk Inc. | 1.78% | 435,405 | $114.0M | Reduce -5.9% |
| BDX Becton Dickinson and Co. | 1.78% | 497,549 | $114.0M | New |
| DEUTSCHE BANK AG | 1.77% | 4,804,129 | $113.2M | New |
| VRSN Verisign Inc. | 1.73% | 436,549 | $110.8M | Reduce -3.8% |
| EW Edwards Lifesciences Corp. | 1.72% | 1,518,152 | $110.0M | Reduce -5.7% |
| PYPL PayPal Holdings Inc. | 1.65% | 1,616,948 | $105.5M | Reduce -6.8% |
| CNM Core & Main Inc. Class A | 1.59% | 2,110,692 | $102.0M | Reduce -3.9% |
| A Agilent Technologies Inc. | 1.56% | 857,791 | $100.1M | Reduce -24.8% |
| WST West Pharmaceutical Services | 1.56% | 446,738 | $100.0M | Add +54.7% |
| MORN Morningstar Inc. | 1.51% | 322,920 | $96.8M | Reduce -3.2% |
| BLD Topbuild Corp. | 1.44% | 301,701 | $92.0M | Reduce -5.8% |
| FERGUSON ENTERPRISES INC | 1.42% | 576,916 | $90.9M | New |
| TREX Trex Company Inc. | 1.35% | 1,486,340 | $86.4M | Reduce -5.7% |
| NVDA Nvidia Corp. | 1.33% | 783,623 | $84.9M | Add +11.1% |
| UBS GROUP AG | 1.30% | 2,744,564 | $83.4M | New |
| IDXX Idexx Laboratories Inc. | 1.23% | 187,629 | $78.8M | Add +3055.0% |
| BFAM Bright Horizons Family Solut | 1.22% | 616,067 | $78.3M | Reduce -7.6% |
| NOW ServiceNow Inc. | 1.22% | 98,170 | $78.2M | Reduce -24.9% |
| WMS Advanced Drainage Systems Inc. | 1.19% | 698,960 | $75.9M | Reduce -5.8% |
| PANW Palo Alto Networks Inc. | 1.13% | 423,877 | $72.3M | Reduce -3.9% |
| LOGITECH INTERNATIONAL SA | 1.02% | 785,336 | $65.6M | New |
| VRSK Verisk Analytics Inc. | 0.82% | 176,618 | $52.6M | Reduce -26.7% |
| AVGO Broadcom Inc. | 0.70% | 265,923 | $44.5M | Add +24.8% |
| META Meta Platforms Inc. Class A | 0.65% | 71,742 | $41.3M | Reduce -11.2% |
| TMDX Transmedics Group Inc. | 0.58% | 554,357 | $37.3M | Reduce -7.0% |
| APH Amphenol Corp. Class A | 0.58% | 563,382 | $37.0M | Add +24.3% |
| AMAT Applied Materials Inc. | 0.56% | 249,035 | $36.1M | Reduce -6.3% |
| SMURFIT WESTROCK PLC | 0.54% | 774,911 | $34.6M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.52% | 202,481 | $33.6M | Reduce -22.0% |
| AAPL Apple Inc. | 0.51% | 146,590 | $32.6M | Add +119.5% |
| MELI MercadoLibre Inc. | 0.47% | 15,405 | $30.1M | Reduce -20.0% |
| BROOKFIELD RENEWABLE PARTNERS NON | 0.44% | 1,266,997 | $28.1M | New |
| MA Mastercard Inc. Class A | 0.42% | 49,313 | $27.0M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.42% | 141,675 | $27.0M | Reduce -24.7% |
| ORCL Oracle Corp. | 0.42% | 191,752 | $26.8M | Add +47.5% |
| COST Costco Wholesale Corp. | 0.42% | 28,116 | $26.6M | Reduce -4.6% |
| LLY Eli Lilly & Co. | 0.41% | 31,559 | $26.1M | Reduce -19.6% |
| BABA Alibaba Group Holding-SP ADR | 0.39% | 188,172 | $24.9M | Add +6.1% |
| CBOE Cboe Global Markets Inc. | 0.38% | 108,638 | $24.6M | Reduce -9.8% |
| MU Micron Technology Inc. | 0.34% | 253,036 | $22.0M | Add +85.7% |
| NFLX Netflix Inc. | 0.33% | 22,939 | $21.4M | Reduce -51.7% |
| ABNB Airbnb Inc. Class A | 0.33% | 175,614 | $21.0M | Add +5.2% |
| UBER Uber Technologies Inc. | 0.32% | 284,770 | $20.7M | Reduce -15.6% |
| ARM Arm Holdings PLC-ADR | 0.32% | 191,182 | $20.4M | Add +63.1% |
| BKNG Booking Holdings Inc. | 0.31% | 4,373 | $20.1M | Add +7.1% |
| UNH Unitedhealth Group Inc. | 0.31% | 38,438 | $20.1M | Add +38.2% |
| EXPE Expedia Group Inc. | 0.31% | 118,291 | $19.9M | Reduce -1.9% |
| BX Blackstone Inc. | 0.30% | 135,474 | $18.9M | Add +85.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.30% | 53,682 | $18.9M | Add +48.8% |
| CEG Constellation Energy | 0.29% | 93,524 | $18.9M | Reduce -21.8% |
| DHR Danaher Corp. | 0.29% | 91,240 | $18.7M | Reduce -17.5% |
| PDD PDD Holdings Inc. | 0.29% | 156,541 | $18.5M | Reduce -22.7% |
| ANET Arista Networks Inc. | 0.28% | 228,262 | $17.7M | Add +39.1% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.28% | 320,767 | $17.6M | Add +9.5% |
| RS Reliance Inc. | 0.26% | 58,587 | $16.9M | Add +16.0% |
| TRMB Trimble Inc. | 0.26% | 257,327 | $16.9M | Add +11.8% |
| TSLA Tesla Inc. | 0.26% | 64,850 | $16.8M | Add +48.6% |
| EATON PLC | 0.25% | 58,646 | $15.9M | New |
| B Barrick Gold Corp. | 0.25% | 816,214 | $15.9M | Reduce -1.1% |
| WMT Walmart Inc. | 0.24% | 176,638 | $15.5M | New |
| NEM Newmont Corp. | 0.24% | 313,496 | $15.1M | Add +24.8% |
| LRCX Lam Research Corp. | 0.23% | 199,729 | $14.5M | Reduce -34.1% |
| MCO Moody's Corp. | 0.23% | 31,024 | $14.4M | Add +29.2% |
| SBUX Starbucks Corp. | 0.22% | 143,866 | $14.1M | New |
| HD Home Depot Inc. | 0.21% | 37,129 | $13.6M | Add +54.6% |
| SNPS Synopsys Inc. | 0.21% | 31,421 | $13.5M | Reduce -6.1% |
| APO Apollo Global Management Inc. | 0.21% | 98,076 | $13.4M | New |
| ELV Elevance Health Inc. | 0.20% | 29,782 | $13.0M | Add +24.8% |
| INDIVIOR PLC | 0.19% | 1,326,647 | $12.4M | New |
| YMM Full Truck Alliance -SPN ADR | 0.19% | 939,437 | $12.0M | Reduce -9.7% |
| MS Morgan Stanley | 0.19% | 101,580 | $11.9M | Add +37.2% |
| SHW The Sherwin-Williams Co. | 0.17% | 32,025 | $11.2M | New |
| SHOPIFY SUBORDINATE VOTING INC CLA | 0.17% | 115,082 | $10.9M | New |
| SNOW Snowflake Inc. | 0.17% | 73,835 | $10.8M | Reduce -47.0% |
| ADBE Adobe Inc. | 0.17% | 27,998 | $10.7M | Add +8.1% |
| QIAGEN NV | 0.16% | 257,569 | $10.2M | New |
| CREDICORP LTD | 0.15% | 52,827 | $9.8M | New |
| ONTO Onto Innovation Inc. | 0.15% | 79,621 | $9.7M | Reduce -9.7% |
| PLTR Palantir Technologies Inc. Class A | 0.15% | 114,208 | $9.6M | Add +100.5% |
| NEBIUS NV CLASS A | 0.15% | 450,000 | $9.5M | New |
| GOOG Alphabet Inc. Class C | 0.15% | 59,567 | $9.3M | Reduce -6.6% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 0.14% | 105,743 | $9.0M | New |
Portfolio Sells Q4 2024 → Q1 2025
| SPOT Spotify Technology SA | Sold out | 0.00% | −2.25 |
| ALC Alcon Inc. | Sold out | 0.00% | −2.10 |
| FERG Ferguson Enterprises Inc. | Reduce -98.2% | 0.03% | −1.49 |
| ANSS Ansys Inc. | Sold out | 0.00% | −1.24 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −1.21 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −1.16 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.91 |
| NOW ServiceNow Inc. | Reduce -24.9% | 1.22% | −0.79 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.68 |
| A Agilent Technologies Inc. | Reduce -24.8% | 1.56% | −0.66 |
| PYPL PayPal Holdings Inc. | Reduce -6.8% | 1.65% | −0.50 |
| V Visa Inc. Class A | Reduce -24.5% | 4.02% | −0.44 |
| PTC PTC Inc. | Reduce -7.5% | 2.25% | −0.43 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.39 |
| INTU Intuit Inc. | Reduce -20.5% | 1.93% | −0.38 |
| NFLX Netflix Inc. | Reduce -51.7% | 0.33% | −0.28 |
| SHOP Shopify Inc. Class A | Reduce -67.1% | 0.12% | −0.25 |
| INDV Indivior Ltd. | Sold out | 0.00% | −0.25 |
| TREX Trex Company Inc. | Reduce -5.7% | 1.35% | −0.23 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.23 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.22 |
| CRM Salesforce Inc. | Reduce -57.2% | 0.13% | −0.22 |
| MSFT Microsoft Corp. | Reduce -2.6% | 3.14% | −0.22 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.0% | 0.52% | −0.22 |
| ADSK Autodesk Inc. | Reduce -5.9% | 1.78% | −0.20 |
| QGEN Qiagen NV | Sold out | 0.00% | −0.20 |
| NET Cloudflare Inc. Class A | Reduce -67.3% | 0.12% | −0.20 |
| ECL Ecolab Inc. | Reduce -21.7% | 1.99% | −0.19 |
| COIN Coinbase Global Inc. Class A | Reduce -45.1% | 0.13% | −0.19 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.18 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.18 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -24.7% | 0.42% | −0.18 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.17 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.16 |
| NVR NVR Inc. | Reduce -3.8% | 1.80% | −0.16 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.16 |
| SNOW Snowflake Inc. | Reduce -47.0% | 0.17% | −0.14 |
| VRSK Verisk Analytics Inc. | Reduce -26.7% | 0.82% | −0.14 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.13 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.12 |
| ICLR Icon PLC | Sold out | 0.00% | −0.12 |
| MORN Morningstar Inc. | Reduce -3.2% | 1.51% | −0.12 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.10 |
| PCTY Paylocity Holding Corp. | Reduce -5.3% | 2.17% | −0.10 |
| CEG Constellation Energy | Reduce -21.8% | 0.29% | −0.09 |
| LRCX Lam Research Corp. | Reduce -34.1% | 0.23% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -6.2% | 2.10% | −0.09 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.09 |
| FN Fabrinet | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| SPOTIFY TECHNOLOGY SA | New | 3.55% | +3.55 |
| ALCON AG | New | 1.88% | +1.88 |
| BDX Becton Dickinson and Co. | New | 1.78% | +1.78 |
| DEUTSCHE BANK AG | New | 1.77% | +1.77 |
| FERGUSON ENTERPRISES INC | New | 1.42% | +1.42 |
| UBS GROUP AG | New | 1.30% | +1.30 |
| IDXX Idexx Laboratories Inc. | Add +3055.0% | 1.23% | +1.19 |
| LOGITECH INTERNATIONAL SA | New | 1.02% | +1.02 |
| SMURFIT WESTROCK PLC | New | 0.54% | +0.54 |
| BROOKFIELD RENEWABLE PARTNERS NON | New | 0.44% | +0.44 |
| AAPL Apple Inc. | Add +119.5% | 0.51% | +0.27 |
| EATON PLC | New | 0.25% | +0.25 |
| WMT Walmart Inc. | New | 0.24% | +0.24 |
| SBUX Starbucks Corp. | New | 0.22% | +0.22 |
| APO Apollo Global Management Inc. | New | 0.21% | +0.21 |
| INDIVIOR PLC | New | 0.19% | +0.19 |
| WST West Pharmaceutical Services | Add +54.7% | 1.56% | +0.19 |
| MU Micron Technology Inc. | Add +85.7% | 0.34% | +0.18 |
| SHW The Sherwin-Williams Co. | New | 0.17% | +0.17 |
| SHOPIFY SUBORDINATE VOTING INC CLA | New | 0.17% | +0.17 |
| BABA Alibaba Group Holding-SP ADR | Add +6.1% | 0.39% | +0.17 |
| QIAGEN NV | New | 0.16% | +0.16 |
| CREDICORP LTD | New | 0.15% | +0.15 |
| NEBIUS NV CLASS A | New | 0.15% | +0.15 |
| SEAGATE TECHNOLOGY HOLDINGS PLC | New | 0.14% | +0.14 |
| NKE Nike Inc. Class B | New | 0.14% | +0.14 |
| BLK BlackRock Inc. | New | 0.13% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +0.3% | 3.81% | +0.13 |
| APH Amphenol Corp. Class A | Add +24.3% | 0.58% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +48.8% | 0.30% | +0.12 |
| BX Blackstone Inc. | Add +85.9% | 0.30% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +38.2% | 0.31% | +0.11 |
| ARM Arm Holdings PLC-ADR | Add +63.1% | 0.32% | +0.11 |
| ORCL Oracle Corp. | Add +47.5% | 0.42% | +0.10 |
| AEM Agnico Eagle Mines Ltd. | New | 0.10% | +0.10 |
| EPAM Epam Systems Inc. | New | 0.10% | +0.10 |
| NEM Newmont Corp. | Add +24.8% | 0.24% | +0.10 |
| ICON PLC | New | 0.10% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +100.5% | 0.15% | +0.09 |
| HD Home Depot Inc. | Add +54.6% | 0.21% | +0.08 |
| ON HOLDING AG CLASS A | New | 0.08% | +0.08 |
| ELV Elevance Health Inc. | Add +24.8% | 0.20% | +0.07 |
| VZ Verizon Communications Inc. | New | 0.07% | +0.07 |
| XYZ Block Inc. | Add +286.9% | 0.12% | +0.07 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.07% | +0.07 |
| RS Reliance Inc. | Add +16.0% | 0.26% | +0.07 |
| GEV GE Vernova Inc. | Add +96.3% | 0.13% | +0.07 |
| EXC Exelon Corp. | New | 0.06% | +0.06 |
| MCO Moody's Corp. | Add +29.2% | 0.23% | +0.06 |
| UPST Upstart Holdings Inc. | Add +153.9% | 0.12% | +0.06 |
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 |