Liontrust Investment Partners LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 19, 2025), Liontrust Investment Partners LLP reported 198 stock positions worth $7.0 billion. Its top holding was Spotify Technology (SPOT) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Visa Class A (V, 3.4%). Compared with Q1 2025, it opened 37 new positions, sold out of 49, added to 46 and reduced 106. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale an exit from Spotify Technology.
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001544204
- Portfolio Value
- $7.0B (Q2 2025)
- SEC Filing
- 0001544204-25-000003 ↗ filed Aug 19, 2025
Holdings Value
Holdings 198 stocks · $7.0B
| SPOT Spotify Technology SA | 4.34% | 395,226 | $303.3M | New |
| MSFT Microsoft Corp. | 3.67% | 515,470 | $256.4M | Reduce -3.8% |
| V Visa Inc. Class A | 3.38% | 665,745 | $236.4M | Reduce -9.3% |
| CDNS Cadence Design SYS Inc. | 3.10% | 701,810 | $216.3M | Reduce -13.7% |
| GOOGL Alphabet Inc. Class A | 2.96% | 1,173,531 | $206.8M | Reduce -4.3% |
| TMO Thermo Fisher Scientific Inc. | 2.71% | 466,462 | $189.1M | Reduce -4.9% |
| INTU Intuit Inc. | 2.45% | 217,771 | $171.5M | Add +8.3% |
| DB Deutsche Bank AG-Registered | 2.11% | 4,986,080 | $147.3M | New |
| NDAQ Nasdaq Inc. | 2.08% | 1,627,750 | $145.6M | Reduce -21.1% |
| SCHW Schwab (charles) Corp. | 1.97% | 1,508,269 | $137.6M | Reduce -6.0% |
| AMT American Tower Corp. | 1.95% | 615,322 | $136.0M | Reduce -5.5% |
| NVR NVR Inc. | 1.86% | 17,624 | $130.2M | Add +11.0% |
| ECL Ecolab Inc. | 1.83% | 474,080 | $127.7M | Reduce -5.8% |
| ISRG Intuitive Surgical Inc. | 1.82% | 234,532 | $127.4M | Reduce -13.5% |
| ADSK Autodesk Inc. | 1.82% | 411,394 | $127.4M | Reduce -5.5% |
| PCTY Paylocity Holding Corp. | 1.82% | 701,197 | $127.0M | Reduce -5.5% |
| VLTO Veralto Corp. | 1.79% | 1,237,541 | $124.9M | Reduce -5.7% |
| MORN Morningstar Inc. | 1.76% | 391,816 | $123.0M | Add +21.3% |
| BLD Topbuild Corp. | 1.74% | 376,396 | $121.9M | Add +24.8% |
| FERG Ferguson Enterprises Inc. | 1.73% | 554,972 | $121.1M | Add +4999.4% |
| CNM Core & Main Inc. Class A | 1.72% | 1,992,800 | $120.3M | Reduce -5.6% |
| MASI Masimo Corp. | 1.71% | 708,300 | $119.2M | Reduce -5.2% |
| VRSN Verisign Inc. | 1.70% | 412,018 | $119.0M | Reduce -5.6% |
| BKNG Booking Holdings Inc. | 1.70% | 20,479 | $118.6M | Add +368.3% |
| NVDA Nvidia Corp. | 1.69% | 747,747 | $118.1M | Reduce -4.6% |
| PTC PTC Inc. | 1.66% | 674,012 | $116.2M | Reduce -27.4% |
| NOW ServiceNow Inc. | 1.61% | 109,352 | $112.4M | Add +11.4% |
| EW Edwards Lifesciences Corp. | 1.60% | 1,432,509 | $112.0M | Reduce -5.6% |
| PYPL PayPal Holdings Inc. | 1.57% | 1,471,961 | $109.4M | Reduce -9.0% |
| BDX Becton Dickinson and Co. | 1.54% | 626,449 | $107.9M | Add +25.9% |
| ALC Alcon Inc. filed as ALCON AG | 1.53% | 1,213,272 | $107.0M | New |
| A Agilent Technologies Inc. | 1.37% | 811,207 | $95.5M | Reduce -5.4% |
| IDXX Idexx Laboratories Inc. | 1.35% | 175,580 | $94.2M | Reduce -6.4% |
| WST West Pharmaceutical Services | 1.32% | 421,601 | $92.2M | Reduce -5.6% |
| PANW Palo Alto Networks Inc. | 1.17% | 399,966 | $81.8M | Reduce -5.6% |
| IR Ingersoll-Rand Inc. | 1.17% | 981,343 | $81.6M | New |
| TREX Trex Company Inc. | 1.09% | 1,405,194 | $76.4M | Reduce -5.5% |
| AVGO Broadcom Inc. | 1.09% | 276,871 | $76.3M | Add +4.1% |
| WMS Advanced Drainage Systems Inc. | 1.09% | 660,830 | $75.9M | Reduce -5.5% |
| BFAM Bright Horizons Family Solut | 1.03% | 582,051 | $71.9M | Reduce -5.5% |
| UBS UBS Group AG-Reg | 1.03% | 2,128,894 | $71.8M | New |
| TMDX Transmedics Group Inc. | 1.00% | 523,748 | $70.2M | Reduce -5.5% |
| STX Seagate Technology Holdings | 0.74% | 356,429 | $51.4M | New |
| META Meta Platforms Inc. Class A | 0.71% | 66,778 | $49.3M | Reduce -6.9% |
| ORCL Oracle Corp. | 0.67% | 213,989 | $46.8M | Add +11.6% |
| LLY Eli Lilly & Co. | 0.61% | 55,060 | $42.9M | Add +74.5% |
| NFLX Netflix Inc. | 0.52% | 27,137 | $36.3M | Add +18.3% |
| MELI MercadoLibre Inc. | 0.51% | 13,523 | $35.3M | Reduce -12.2% |
| CHKP Check Point Software Tech | 0.48% | 150,275 | $33.2M | New |
| EBAY eBay Inc. | 0.48% | 446,311 | $33.2M | New |
| VRSK Verisk Analytics Inc. | 0.46% | 103,370 | $32.2M | Reduce -41.5% |
| SW Smurfit Westrock PLC | 0.45% | 736,253 | $31.7M | New |
| AMAT Applied Materials Inc. | 0.44% | 167,752 | $30.7M | Reduce -32.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 135,251 | $30.6M | Reduce -33.2% |
| SNOW Snowflake Inc. | 0.43% | 134,928 | $30.2M | Add +82.7% |
| SHOP Shopify Inc. Class A | 0.43% | 258,274 | $29.8M | Add +227.7% |
| COIN Coinbase Global Inc. Class A | 0.42% | 83,058 | $29.1M | Add +73.1% |
| ARM Arm Holdings PLC-ADR | 0.41% | 177,909 | $28.8M | Reduce -6.9% |
| UBER Uber Technologies Inc. | 0.41% | 305,106 | $28.5M | Add +7.1% |
| AMZN Amazon.com Inc. | 0.38% | 119,538 | $26.2M | Reduce -15.6% |
| NBIS Nebius Group NV | 0.36% | 450,000 | $24.9M | New |
| BEP Brookfield Renewable Partner | 0.35% | 947,866 | $24.2M | New |
| DHR Danaher Corp. | 0.34% | 121,031 | $23.9M | Add +32.6% |
| NET Cloudflare Inc. Class A | 0.33% | 117,475 | $23.0M | Add +76.1% |
| CEG Constellation Energy | 0.33% | 70,390 | $22.7M | Reduce -24.7% |
| APH Amphenol Corp. Class A | 0.31% | 220,047 | $21.7M | Reduce -60.9% |
| CBOE Cboe Global Markets Inc. | 0.30% | 91,260 | $21.3M | Reduce -16.0% |
| TRMB Trimble Inc. | 0.28% | 262,083 | $19.9M | Add +1.9% |
| NEM Newmont Corp. | 0.28% | 339,006 | $19.8M | Add +8.1% |
| COST Costco Wholesale Corp. | 0.28% | 19,933 | $19.7M | Reduce -29.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.27% | 37,636 | $19.2M | Reduce -29.9% |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 151,451 | $18.0M | Add +146.8% |
| ETN Eaton Corp. PLC | 0.25% | 49,044 | $17.5M | New |
| DELL Dell Technologies -C | 0.24% | 136,496 | $16.7M | New |
| DOCS Doximity Inc. Class A | 0.24% | 272,065 | $16.7M | Add +1189.9% |
| TMUS T-Mobile US Inc. | 0.23% | 67,826 | $16.2M | Add +1727.7% |
| RS Reliance Inc. | 0.23% | 50,335 | $15.8M | Reduce -14.1% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.22% | 276,776 | $15.2M | Reduce -13.7% |
| MCO Moody's Corp. | 0.22% | 30,188 | $15.1M | Reduce -2.7% |
| AESI Atlas Energy Solutions Inc. | 0.21% | 1,075,400 | $14.4M | Add +5408.1% |
| NKE Nike Inc. Class B | 0.20% | 198,521 | $14.1M | Add +42.7% |
| BABA Alibaba Group Holding-SP ADR | 0.20% | 120,593 | $13.7M | Reduce -35.9% |
| TSLA Tesla Inc. | 0.19% | 41,680 | $13.2M | Reduce -35.7% |
| MU Micron Technology Inc. | 0.19% | 105,932 | $13.1M | Reduce -58.1% |
| ZS Zscaler Inc. | 0.19% | 41,425 | $13.0M | Add +6.7% |
| UNH Unitedhealth Group Inc. | 0.19% | 41,472 | $12.9M | Add +7.9% |
| SHW The Sherwin-Williams Co. | 0.18% | 37,610 | $12.9M | Add +17.4% |
| WMT Walmart Inc. | 0.18% | 131,386 | $12.8M | Reduce -25.6% |
| MA Mastercard Inc. Class A | 0.17% | 21,612 | $12.1M | Reduce -56.2% |
| B Barrick Mining Corp. | 0.17% | 579,235 | $12.1M | Reduce -29.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 26,954 | $12.0M | Add +91.9% |
| BAP Credicorp Ltd. | 0.16% | 50,564 | $11.3M | New |
| QGEN Qiagen N.V. | 0.16% | 233,362 | $11.2M | New |
| EXPE Expedia Group Inc. | 0.15% | 63,391 | $10.7M | Reduce -46.4% |
| XYZ Block Inc. | 0.15% | 156,218 | $10.6M | Add +12.0% |
| YMM Full Truck Alliance -SPN ADR | 0.15% | 888,426 | $10.5M | Reduce -5.4% |
| ABNB Airbnb Inc. Class A | 0.15% | 78,459 | $10.4M | Reduce -55.3% |
| APO Apollo Global Management Inc. | 0.14% | 71,008 | $10.1M | Reduce -27.6% |
| MS Morgan Stanley | 0.14% | 70,229 | $9.9M | Reduce -30.9% |
| FICO Fair Isaac Corp. | 0.14% | 5,361 | $9.8M | New |
Portfolio Sells Q1 2025 → Q2 2025
| SPOTIFY TECHNOLOGY SA | Sold out | 0.00% | −3.55 |
| ALCON AG | Sold out | 0.00% | −1.88 |
| DEUTSCHE BANK AG | Sold out | 0.00% | −1.77 |
| FERGUSON ENTERPRISES INC | Sold out | 0.00% | −1.42 |
| UBS GROUP AG | Sold out | 0.00% | −1.30 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.9% | 2.71% | −1.10 |
| LOGITECH INTERNATIONAL SA | Sold out | 0.00% | −1.02 |
| V Visa Inc. Class A | Reduce -9.3% | 3.38% | −0.63 |
| PTC PTC Inc. | Reduce -27.4% | 1.66% | −0.58 |
| SMURFIT WESTROCK PLC | Sold out | 0.00% | −0.54 |
| BROOKFIELD RENEWABLE PARTNERS NON | Sold out | 0.00% | −0.44 |
| AAPL Apple Inc. | Reduce -73.3% | 0.12% | −0.39 |
| NDAQ Nasdaq Inc. | Reduce -21.1% | 2.08% | −0.36 |
| VRSK Verisk Analytics Inc. | Reduce -41.5% | 0.46% | −0.36 |
| PCTY Paylocity Holding Corp. | Reduce -5.5% | 1.82% | −0.35 |
| ISRG Intuitive Surgical Inc. | Reduce -13.5% | 1.82% | −0.27 |
| AMT American Tower Corp. | Reduce -5.5% | 1.95% | −0.27 |
| APH Amphenol Corp. Class A | Reduce -60.9% | 0.31% | −0.27 |
| TREX Trex Company Inc. | Reduce -5.5% | 1.09% | −0.26 |
| EATON PLC | Sold out | 0.00% | −0.25 |
| MA Mastercard Inc. Class A | Reduce -56.2% | 0.17% | −0.25 |
| WST West Pharmaceutical Services | Reduce -5.6% | 1.32% | −0.24 |
| MASI Masimo Corp. | Reduce -5.2% | 1.71% | −0.24 |
| BX Blackstone Inc. | Reduce -77.6% | 0.07% | −0.23 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.21 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.21 |
| VLTO Veralto Corp. | Reduce -5.7% | 1.79% | −0.21 |
| A Agilent Technologies Inc. | Reduce -5.4% | 1.37% | −0.20 |
| INDIVIOR PLC | Sold out | 0.00% | −0.19 |
| BABA Alibaba Group Holding-SP ADR | Reduce -35.9% | 0.20% | −0.19 |
| ANET Arista Networks Inc. | Reduce -75.1% | 0.08% | −0.19 |
| BFAM Bright Horizons Family Solut | Reduce -5.5% | 1.03% | −0.19 |
| ABNB Airbnb Inc. Class A | Reduce -55.3% | 0.15% | −0.18 |
| SHOPIFY SUBORDINATE VOTING INC CLA | Sold out | 0.00% | −0.17 |
| ECL Ecolab Inc. | Reduce -5.8% | 1.83% | −0.17 |
| QIAGEN NV | Sold out | 0.00% | −0.16 |
| PDD PDD Holdings Inc. | Reduce -44.2% | 0.13% | −0.16 |
| EXPE Expedia Group Inc. | Reduce -46.4% | 0.15% | −0.16 |
| MU Micron Technology Inc. | Reduce -58.1% | 0.19% | −0.16 |
| ADBE Adobe Inc. | Reduce -91.2% | 0.01% | −0.15 |
| CREDICORP LTD | Sold out | 0.00% | −0.15 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.15 |
| NEBIUS NV CLASS A | Sold out | 0.00% | −0.15 |
| SEAGATE TECHNOLOGY HOLDINGS PLC | Sold out | 0.00% | −0.14 |
| LRCX Lam Research Corp. | Reduce -68.8% | 0.09% | −0.14 |
| CDNS Cadence Design SYS Inc. | Reduce -13.7% | 3.10% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -29.1% | 0.28% | −0.13 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.13 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −0.13 |
| AMAT Applied Materials Inc. | Reduce -32.6% | 0.44% | −0.12 |
Portfolio Buys Q1 2025 → Q2 2025
| SPOT Spotify Technology SA | New | 4.34% | +4.34 |
| DB Deutsche Bank AG-Registered | New | 2.11% | +2.11 |
| FERG Ferguson Enterprises Inc. | Add +4999.4% | 1.73% | +1.71 |
| ALC Alcon Inc. | New | 1.53% | +1.53 |
| BKNG Booking Holdings Inc. | Add +368.3% | 1.70% | +1.38 |
| IR Ingersoll-Rand Inc. | New | 1.17% | +1.17 |
| UBS UBS Group AG-Reg | New | 1.03% | +1.03 |
| STX Seagate Technology Holdings | New | 0.74% | +0.74 |
| INTU Intuit Inc. | Add +8.3% | 2.45% | +0.53 |
| CHKP Check Point Software Tech | New | 0.48% | +0.48 |
| EBAY eBay Inc. | New | 0.48% | +0.48 |
| SW Smurfit Westrock PLC | New | 0.45% | +0.45 |
| AVGO Broadcom Inc. | Add +4.1% | 1.09% | +0.40 |
| NOW ServiceNow Inc. | Add +11.4% | 1.61% | +0.39 |
| NBIS Nebius Group NV | New | 0.36% | +0.36 |
| BEP Brookfield Renewable Partner | New | 0.35% | +0.35 |
| SHOP Shopify Inc. Class A | Add +227.7% | 0.43% | +0.31 |
| BLD Topbuild Corp. | Add +24.8% | 1.74% | +0.31 |
| COIN Coinbase Global Inc. Class A | Add +73.1% | 0.42% | +0.29 |
| SNOW Snowflake Inc. | Add +82.7% | 0.43% | +0.26 |
| ORCL Oracle Corp. | Add +11.6% | 0.67% | +0.25 |
| ETN Eaton Corp. PLC | New | 0.25% | +0.25 |
| MORN Morningstar Inc. | Add +21.3% | 1.76% | +0.25 |
| DELL Dell Technologies -C | New | 0.24% | +0.24 |
| DOCS Doximity Inc. Class A | Add +1189.9% | 0.24% | +0.22 |
| TMUS T-Mobile US Inc. | Add +1727.7% | 0.23% | +0.22 |
| NET Cloudflare Inc. Class A | Add +76.1% | 0.33% | +0.21 |
| LLY Eli Lilly & Co. | Add +74.5% | 0.61% | +0.21 |
| AESI Atlas Energy Solutions Inc. | Add +5408.1% | 0.21% | +0.20 |
| NFLX Netflix Inc. | Add +18.3% | 0.52% | +0.19 |
| BAP Credicorp Ltd. | New | 0.16% | +0.16 |
| QGEN Qiagen N.V. | New | 0.16% | +0.16 |
| AEM Agnico Eagle Mines Ltd. | Add +146.8% | 0.26% | +0.15 |
| FICO Fair Isaac Corp. | New | 0.14% | +0.14 |
| TEAM Atlassian Corp. Class A | New | 0.14% | +0.14 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.13% | +0.13 |
| ICLR Icon PLC | New | 0.12% | +0.12 |
| UBER Uber Technologies Inc. | Add +7.1% | 0.41% | +0.08 |
| AMD Advanced Micro Devices | New | 0.08% | +0.08 |
| CRWV Coreweave Inc. Class A | New | 0.08% | +0.08 |
| CRDO Credo Technology Group Holdi | New | 0.08% | +0.08 |
| SAIL Sailpoint Inc. | New | 0.07% | +0.07 |
| NVR NVR Inc. | Add +11.0% | 1.86% | +0.07 |
| ZS Zscaler Inc. | Add +6.7% | 0.19% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Add +91.9% | 0.17% | +0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.06% | +0.06 |
| NKE Nike Inc. Class B | Add +42.7% | 0.20% | +0.06 |
| HOOD Robinhood Markets Inc. Class A | New | 0.06% | +0.06 |
| WIX Wix.com Ltd. | New | 0.05% | +0.05 |
| DHR Danaher Corp. | Add +32.6% | 0.34% | +0.05 |
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 |