Liontrust Investment Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 24, 2025), Liontrust Investment Partners LLP reported 189 stock positions worth $6.8 billion. Its top holding was Alphabet Class A (GOOGL) at 4.0% of the portfolio, followed by Spotify Technology (SPOT, 4.0%) and Microsoft (MSFT, 3.7%). Compared with Q2 2025, it opened 18 new positions, sold out of 27, added to 66 and reduced 88. The biggest buy was a new position in Cava (CAVA) and the biggest sale PayPal (PYPL, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001544204
- Portfolio Value
- $6.8B (Q3 2025)
- SEC Filing
- 0001544204-25-000011 ↗ filed Nov 24, 2025
Holdings Value
Holdings 189 stocks · $6.8B
| GOOGL Alphabet Inc. Class A | 4.05% | 1,139,746 | $277.1M | Reduce -2.9% |
| SPOT Spotify Technology SA | 3.99% | 391,100 | $273.0M | Reduce -1.0% |
| MSFT Microsoft Corp. | 3.75% | 494,984 | $256.4M | Reduce -4.0% |
| CDNS Cadence Design SYS Inc. | 3.44% | 670,687 | $235.6M | Reduce -4.4% |
| TMO Thermo Fisher Scientific Inc. | 3.18% | 449,271 | $217.9M | Reduce -3.7% |
| V Visa Inc. Class A | 2.92% | 585,195 | $199.8M | Reduce -12.1% |
| DB Deutsche Bank AG-Registered | 2.71% | 5,263,259 | $185.2M | Add +5.6% |
| VLTO Veralto Corp. | 2.23% | 1,432,689 | $152.7M | Add +15.8% |
| NDAQ Nasdaq Inc. | 2.01% | 1,551,725 | $137.3M | Reduce -4.7% |
| SCHW Schwab (charles) Corp. | 2.00% | 1,430,746 | $136.6M | Reduce -5.1% |
| ISRG Intuitive Surgical Inc. | 1.91% | 291,661 | $130.4M | Add +24.4% |
| PTC PTC Inc. | 1.90% | 638,716 | $129.7M | Reduce -5.2% |
| NVDA Nvidia Corp. | 1.82% | 666,900 | $124.4M | Reduce -10.8% |
| ADSK Autodesk Inc. | 1.81% | 390,905 | $124.2M | Reduce -5.0% |
| ECL Ecolab Inc. | 1.81% | 452,836 | $124.0M | Reduce -4.5% |
| INTU Intuit Inc. | 1.79% | 179,454 | $122.6M | Reduce -17.6% |
| FERG Ferguson Enterprises Inc. | 1.72% | 526,445 | $117.9M | Reduce -5.1% |
| BKNG Booking Holdings Inc. | 1.68% | 21,255 | $114.8M | Add +3.8% |
| NVR NVR Inc. | 1.67% | 14,224 | $114.3M | Reduce -19.3% |
| BLD Topbuild Corp. | 1.65% | 288,442 | $112.7M | Reduce -23.4% |
| AMT American Tower Corp. | 1.64% | 584,539 | $112.4M | Reduce -5.0% |
| BDX Becton Dickinson and Co. | 1.63% | 595,037 | $111.4M | Reduce -5.0% |
| VRSN Verisign Inc. | 1.60% | 391,253 | $109.4M | Reduce -5.0% |
| PCTY Paylocity Holding Corp. | 1.55% | 665,745 | $106.0M | Reduce -5.1% |
| IDXX Idexx Laboratories Inc. | 1.55% | 165,692 | $105.9M | Reduce -5.6% |
| EW Edwards Lifesciences Corp. | 1.55% | 1,360,161 | $105.8M | Reduce -5.0% |
| CNM Core & Main Inc. Class A | 1.49% | 1,890,756 | $101.8M | Reduce -5.1% |
| MASI Masimo Corp. | 1.47% | 681,895 | $100.6M | Reduce -3.7% |
| A Agilent Technologies Inc. | 1.44% | 768,744 | $98.7M | Reduce -5.2% |
| IR Ingersoll-Rand Inc. | 1.35% | 1,119,396 | $92.5M | Add +14.1% |
| UBS UBS Group AG-Reg | 1.35% | 2,259,318 | $92.3M | Add +6.1% |
| WMS Advanced Drainage Systems Inc. | 1.27% | 626,997 | $87.0M | Reduce -5.1% |
| MORN Morningstar Inc. | 1.26% | 371,158 | $86.1M | Reduce -5.3% |
| ALC Alcon Inc. filed as ALCON AG | 1.26% | 1,155,375 | $86.1M | Reduce -4.8% |
| AVGO Broadcom Inc. | 1.19% | 245,894 | $81.1M | Reduce -11.2% |
| PANW Palo Alto Networks Inc. | 1.13% | 379,568 | $77.3M | Reduce -5.1% |
| TREX Trex Company Inc. | 1.01% | 1,332,051 | $68.8M | Reduce -5.2% |
| BFAM Bright Horizons Family Solut | 0.88% | 552,873 | $60.0M | Reduce -5.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.78% | 189,891 | $53.0M | Add +40.4% |
| NBIS Nebius Group NV | 0.74% | 450,000 | $50.5M | No change |
| APH Amphenol Corp. Class A | 0.73% | 402,888 | $49.9M | Add +83.1% |
| META Meta Platforms Inc. Class A | 0.72% | 67,343 | $49.5M | Add +0.8% |
| SHOP Shopify Inc. Class A | 0.68% | 313,211 | $46.5M | Add +21.3% |
| ORCL Oracle Corp. | 0.66% | 160,389 | $45.1M | Reduce -25.1% |
| COIN Coinbase Global Inc. Class A | 0.64% | 130,138 | $43.9M | Add +56.7% |
| NOW ServiceNow Inc. | 0.63% | 47,074 | $43.3M | Reduce -57.0% |
| CAVA Cava Group Inc. | 0.63% | 714,934 | $43.2M | New |
| LLY Eli Lilly & Co. | 0.60% | 53,856 | $41.1M | Reduce -2.2% |
| EBAY eBay Inc. | 0.59% | 445,379 | $40.5M | Reduce -0.2% |
| NFLX Netflix Inc. | 0.54% | 30,927 | $37.1M | Add +14.0% |
| STX Seagate Technology Holdings | 0.50% | 143,564 | $33.9M | Reduce -59.7% |
| VRSK Verisk Analytics Inc. | 0.49% | 132,700 | $33.4M | Add +28.4% |
| BABA Alibaba Group Holding-SP ADR | 0.48% | 183,228 | $32.7M | Add +51.9% |
| AAPL Apple Inc. | 0.48% | 128,352 | $32.7M | Add +227.7% |
| NEM Newmont Corp. | 0.47% | 384,631 | $32.4M | Add +13.5% |
| SW Smurfit Westrock PLC | 0.46% | 742,735 | $31.2M | Add +0.9% |
| CHKP Check Point Software Tech | 0.44% | 146,764 | $30.4M | Reduce -2.3% |
| MELI MercadoLibre Inc. | 0.44% | 12,993 | $30.4M | Reduce -3.9% |
| TTAN Servicetitan Inc. Class A | 0.44% | 299,852 | $30.2M | Add +995.0% |
| UBER Uber Technologies Inc. | 0.44% | 308,497 | $30.2M | Add +1.1% |
| SNOW Snowflake Inc. | 0.41% | 123,175 | $27.8M | Reduce -8.7% |
| CEG Constellation Energy | 0.40% | 82,129 | $27.0M | Add +16.7% |
| AEM Agnico Eagle Mines Ltd. | 0.37% | 151,869 | $25.6M | Add +0.3% |
| NET Cloudflare Inc. Class A | 0.37% | 116,599 | $25.0M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 0.36% | 113,496 | $24.9M | Reduce -5.0% |
| DELL Dell Technologies -C | 0.36% | 175,111 | $24.8M | Add +28.3% |
| BEP Brookfield Renewable Partner | 0.35% | 919,102 | $23.7M | Reduce -3.0% |
| DHR Danaher Corp. | 0.34% | 119,045 | $23.6M | Reduce -1.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.33% | 46,732 | $22.9M | Add +24.2% |
| TSLA Tesla Inc. | 0.33% | 50,771 | $22.6M | Add +21.8% |
| GEV GE Vernova Inc. | 0.32% | 35,605 | $21.9M | Add +153.7% |
| ARM Arm Holdings PLC-ADR | 0.31% | 148,748 | $21.0M | Reduce -16.4% |
| COST Costco Wholesale Corp. | 0.30% | 21,916 | $20.3M | Add +9.9% |
| BX Blackstone Inc. | 0.29% | 116,185 | $19.9M | Add +282.1% |
| EXPE Expedia Group Inc. | 0.28% | 89,356 | $19.1M | Add +41.0% |
| DOCS Doximity Inc. Class A | 0.24% | 228,272 | $16.7M | Reduce -16.1% |
| CBOE Cboe Global Markets Inc. | 0.24% | 66,213 | $16.2M | Reduce -27.4% |
| AMAT Applied Materials Inc. | 0.23% | 78,288 | $16.0M | Reduce -53.3% |
| B Barrick Mining Corp. | 0.23% | 476,177 | $15.6M | Reduce -17.8% |
| APO Apollo Global Management Inc. | 0.23% | 116,956 | $15.6M | Add +64.7% |
| AESI Atlas Energy Solutions Inc. | 0.22% | 1,312,507 | $14.9M | Add +22.1% |
| ETN Eaton Corp. PLC | 0.22% | 39,598 | $14.8M | Reduce -19.3% |
| CRWV Coreweave Inc. Class A | 0.20% | 101,720 | $13.9M | Add +191.4% |
| JPM JPMorgan Chase & Co. | 0.20% | 43,922 | $13.9M | New |
| WMT Walmart Inc. | 0.20% | 134,241 | $13.8M | Add +2.2% |
| BAP Credicorp Ltd. | 0.20% | 51,634 | $13.7M | Add +2.1% |
| RS Reliance Inc. | 0.20% | 48,013 | $13.5M | Reduce -4.6% |
| PYPL PayPal Holdings Inc. | 0.20% | 199,605 | $13.4M | Reduce -86.4% |
| UNH Unitedhealth Group Inc. | 0.19% | 38,396 | $13.3M | Reduce -7.4% |
| MU Micron Technology Inc. | 0.19% | 78,884 | $13.2M | Reduce -25.5% |
| MA Mastercard Inc. Class A | 0.18% | 21,454 | $12.2M | Reduce -0.7% |
| YMM Full Truck Alliance -SPN ADR | 0.17% | 918,835 | $11.9M | Add +3.4% |
| MCO Moody's Corp. | 0.17% | 24,939 | $11.9M | Reduce -17.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 30,300 | $11.9M | Add +12.4% |
| GOOG Alphabet Inc. Class C | 0.17% | 47,998 | $11.7M | Reduce -9.9% |
| CRDO Credo Technology Group Holdi | 0.17% | 79,090 | $11.5M | Add +32.7% |
| RACE Ferrari NV | 0.16% | 23,022 | $11.1M | New |
| SOFI Sofi Technologies Inc. | 0.15% | 401,504 | $10.6M | New |
| TRMB Trimble Inc. | 0.15% | 128,497 | $10.5M | Reduce -51.0% |
| PDD PDD Holdings Inc. | 0.15% | 78,287 | $10.3M | Reduce -10.4% |
Portfolio Sells Q2 2025 → Q3 2025
| PYPL PayPal Holdings Inc. | Reduce -86.4% | 0.20% | −1.37 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −1.32 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −1.00 |
| NOW ServiceNow Inc. | Reduce -57.0% | 0.63% | −0.98 |
| INTU Intuit Inc. | Reduce -17.6% | 1.79% | −0.66 |
| MORN Morningstar Inc. | Reduce -5.3% | 1.26% | −0.50 |
| V Visa Inc. Class A | Reduce -12.1% | 2.92% | −0.46 |
| SPOT Spotify Technology SA | Reduce -1.0% | 3.99% | −0.35 |
| AMT American Tower Corp. | Reduce -5.0% | 1.64% | −0.30 |
| ALC Alcon Inc. | Reduce -4.8% | 1.26% | −0.27 |
| PCTY Paylocity Holding Corp. | Reduce -5.1% | 1.55% | −0.27 |
| STX Seagate Technology Holdings | Reduce -59.7% | 0.50% | −0.24 |
| MASI Masimo Corp. | Reduce -3.7% | 1.47% | −0.23 |
| CNM Core & Main Inc. Class A | Reduce -5.1% | 1.49% | −0.23 |
| HRB H&R Block Inc. | Sold out | 0.00% | −0.22 |
| AMAT Applied Materials Inc. | Reduce -53.3% | 0.23% | −0.21 |
| NVR NVR Inc. | Reduce -19.3% | 1.67% | −0.19 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.19 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.18 |
| BFAM Bright Horizons Family Solut | Reduce -5.0% | 0.88% | −0.15 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.14 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.14 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.13 |
| TRMB Trimble Inc. | Reduce -51.0% | 0.15% | −0.13 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.13 |
| VRSN Verisign Inc. | Reduce -5.0% | 1.60% | −0.10 |
| ARM Arm Holdings PLC-ADR | Reduce -16.4% | 0.31% | −0.10 |
| BLD Topbuild Corp. | Reduce -23.4% | 1.65% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -41.8% | 0.14% | −0.09 |
| TREX Trex Company Inc. | Reduce -5.2% | 1.01% | −0.09 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| NDAQ Nasdaq Inc. | Reduce -4.7% | 2.01% | −0.08 |
| CBOE Cboe Global Markets Inc. | Reduce -27.4% | 0.24% | −0.07 |
| NKE Nike Inc. Class B | Reduce -32.8% | 0.14% | −0.07 |
| MELI MercadoLibre Inc. | Reduce -3.9% | 0.44% | −0.06 |
| EW Edwards Lifesciences Corp. | Reduce -5.0% | 1.55% | −0.06 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.05 |
| RXRX Recursion Pharmaceuticals-A | Sold out | 0.00% | −0.05 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.05 |
| MCO Moody's Corp. | Reduce -17.4% | 0.17% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -5.1% | 1.13% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -19.3% | 0.22% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| CHKP Check Point Software Tech | Reduce -2.3% | 0.44% | −0.03 |
| MRNA Moderna Inc. | Reduce -59.1% | 0.02% | −0.03 |
| RS Reliance Inc. | Reduce -4.6% | 0.20% | −0.03 |
| TEAM Atlassian Corp. Class A | Reduce -0.0% | 0.11% | −0.03 |
| SNOW Snowflake Inc. | Reduce -8.7% | 0.41% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -10.8% | 0.12% | −0.02 |
| WINA Winmark Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| CAVA Cava Group Inc. | New | 0.63% | +0.63 |
| DB Deutsche Bank AG-Registered | Add +5.6% | 2.71% | +0.60 |
| VLTO Veralto Corp. | Add +15.8% | 2.23% | +0.44 |
| APH Amphenol Corp. Class A | Add +83.1% | 0.73% | +0.42 |
| TTAN Servicetitan Inc. Class A | Add +995.0% | 0.44% | +0.40 |
| AAPL Apple Inc. | Add +227.7% | 0.48% | +0.36 |
| TSM Taiwan Semiconductor-SP ADR | Add +40.4% | 0.78% | +0.34 |
| UBS UBS Group AG-Reg | Add +6.1% | 1.35% | +0.32 |
| BABA Alibaba Group Holding-SP ADR | Add +51.9% | 0.48% | +0.28 |
| SHOP Shopify Inc. Class A | Add +21.3% | 0.68% | +0.25 |
| COIN Coinbase Global Inc. Class A | Add +56.7% | 0.64% | +0.23 |
| BX Blackstone Inc. | Add +282.1% | 0.29% | +0.23 |
| GEV GE Vernova Inc. | Add +153.7% | 0.32% | +0.21 |
| JPM JPMorgan Chase & Co. | New | 0.20% | +0.20 |
| NEM Newmont Corp. | Add +13.5% | 0.47% | +0.19 |
| IR Ingersoll-Rand Inc. | Add +14.1% | 1.35% | +0.18 |
| RACE Ferrari NV | New | 0.16% | +0.16 |
| SOFI Sofi Technologies Inc. | New | 0.15% | +0.15 |
| TSLA Tesla Inc. | Add +21.8% | 0.33% | +0.14 |
| CART Maplebear Inc. | New | 0.13% | +0.13 |
| EXPE Expedia Group Inc. | Add +41.0% | 0.28% | +0.13 |
| DELL Dell Technologies -C | Add +28.3% | 0.36% | +0.12 |
| CRWV Coreweave Inc. Class A | Add +191.4% | 0.20% | +0.12 |
| AEM Agnico Eagle Mines Ltd. | Add +0.3% | 0.37% | +0.12 |
| CRDO Credo Technology Group Holdi | Add +32.7% | 0.17% | +0.09 |
| APO Apollo Global Management Inc. | Add +64.7% | 0.23% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +24.4% | 1.91% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +48.8% | 0.13% | +0.07 |
| CEG Constellation Energy | Add +16.7% | 0.40% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +23.3% | 0.15% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +24.2% | 0.33% | +0.06 |
| LRCX Lam Research Corp. | Add +18.7% | 0.14% | +0.06 |
| AUR Aurora Innovation Inc. | New | 0.05% | +0.05 |
| ANET Arista Networks Inc. | Add +10.1% | 0.13% | +0.05 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +47.8% | 0.11% | +0.05 |
| MNTN MNTN Inc. Class A | Add +127.9% | 0.09% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| BAP Credicorp Ltd. | Add +2.1% | 0.20% | +0.04 |
| P Everpure Inc. Class A | Add +2.5% | 0.11% | +0.04 |
| EXC Exelon Corp. | Add +79.1% | 0.08% | +0.04 |
| UPST Upstart Holdings Inc. | Add +77.6% | 0.12% | +0.04 |
| PCOR Procore Technologies Inc. | Add +57.8% | 0.09% | +0.04 |
| TCOM Trip.com Group Ltd.-ADR | Add +0.9% | 0.15% | +0.04 |
| UBER Uber Technologies Inc. | Add +1.1% | 0.44% | +0.03 |
| SOUN Soundhound AI Inc. Class A | Add +41.4% | 0.06% | +0.03 |
| HIFS Hingham Institution for SVGS | New | 0.03% | +0.03 |
| VRSK Verisk Analytics Inc. | Add +28.4% | 0.49% | +0.03 |
| FLY Firefly Aerospace Inc. | New | 0.03% | +0.03 |
| SAIL Sailpoint Inc. | Add +39.1% | 0.09% | +0.03 |
| ELV Elevance Health Inc. | Add +40.7% | 0.15% | +0.02 |
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 |