Liontrust Investment Partners LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Liontrust Investment Partners LLP reported 204 stock positions worth $6.7 billion. Its top holding was Alphabet Class A (GOOGL) at 4.5% of the portfolio, followed by Microsoft (MSFT, 3.4%) and Deutsche Bank AG-Registered (DB, 3.3%). Compared with Q3 2025, it opened 31 new positions, sold out of 16, added to 51 and reduced 111. The biggest buy was Mastercard Class A (MA, shares +1070%) and the biggest sale Spotify Technology (SPOT, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001544204
- Portfolio Value
- $6.7B (Q4 2025)
- SEC Filing
- 0001544204-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 204 stocks · $6.7B
| GOOGL Alphabet Inc. Class A | 4.49% | 966,073 | $302.4M | Reduce -15.2% |
| MSFT Microsoft Corp. | 3.38% | 470,357 | $227.5M | Reduce -5.0% |
| DB Deutsche Bank AG-Registered | 3.29% | 5,702,338 | $221.7M | Add +8.3% |
| TMO Thermo Fisher Scientific Inc. | 3.14% | 364,964 | $211.5M | Reduce -18.8% |
| CDNS Cadence Design SYS Inc. | 2.63% | 566,776 | $177.2M | Reduce -15.5% |
| ISRG Intuitive Surgical Inc. | 2.47% | 294,305 | $166.7M | Add +0.9% |
| V Visa Inc. Class A | 2.45% | 470,364 | $165.0M | Reduce -19.6% |
| MA Mastercard Inc. Class A | 2.13% | 251,103 | $143.3M | Add +1070.4% |
| NDAQ Nasdaq Inc. | 2.04% | 1,417,767 | $137.7M | Reduce -8.6% |
| SPOT Spotify Technology SA | 2.00% | 231,585 | $134.5M | Reduce -40.8% |
| ECL Ecolab Inc. | 1.95% | 501,653 | $131.7M | Add +10.8% |
| SCHW Schwab (charles) Corp. | 1.95% | 1,312,220 | $131.1M | Reduce -8.3% |
| VLTO Veralto Corp. | 1.94% | 1,309,819 | $130.7M | Reduce -8.6% |
| BKNG Booking Holdings Inc. | 1.69% | 21,325 | $114.2M | Add +0.3% |
| ALC Alcon Inc. filed as ALCON AG | 1.67% | 1,411,358 | $112.7M | Add +22.2% |
| INTU Intuit Inc. | 1.62% | 165,096 | $109.4M | Reduce -8.0% |
| BDX Becton Dickinson and Co. | 1.58% | 547,096 | $106.2M | Reduce -8.1% |
| EW Edwards Lifesciences Corp. | 1.57% | 1,244,381 | $106.1M | Reduce -8.5% |
| ADSK Autodesk Inc. | 1.57% | 358,252 | $106.0M | Reduce -8.3% |
| NVDA Nvidia Corp. | 1.55% | 558,796 | $104.2M | Reduce -16.2% |
| UBS UBS Group AG-Reg | 1.55% | 2,233,585 | $104.2M | Reduce -1.1% |
| PTC PTC Inc. | 1.52% | 586,190 | $102.1M | Reduce -8.2% |
| IDXX Idexx Laboratories Inc. | 1.51% | 150,780 | $102.0M | Reduce -9.0% |
| CTAS Cintas Corp. | 1.50% | 536,959 | $101.0M | New |
| WST West Pharmaceutical Services | 1.50% | 366,188 | $100.8M | New |
| A Agilent Technologies Inc. | 1.43% | 705,794 | $96.0M | Reduce -8.2% |
| NVR NVR Inc. | 1.41% | 13,043 | $95.1M | Reduce -8.3% |
| AMT American Tower Corp. | 1.39% | 535,363 | $94.0M | Reduce -8.4% |
| PCTY Paylocity Holding Corp. | 1.38% | 609,746 | $93.0M | Reduce -8.4% |
| CNM Core & Main Inc. Class A | 1.33% | 1,730,797 | $89.9M | Reduce -8.5% |
| AVGO Broadcom Inc. | 1.31% | 254,358 | $88.0M | Add +3.4% |
| VRSN Verisign Inc. | 1.30% | 359,500 | $87.3M | Reduce -8.1% |
| BLD Topbuild Corp. | 1.28% | 207,446 | $86.5M | Reduce -28.1% |
| WMS Advanced Drainage Systems Inc. | 1.23% | 573,573 | $83.1M | Reduce -8.5% |
| MASI Masimo Corp. | 1.21% | 627,796 | $81.7M | Reduce -7.9% |
| IR Ingersoll-Rand Inc. | 1.20% | 1,023,584 | $81.1M | Reduce -8.6% |
| PGR Progressive Corp. | 1.14% | 337,309 | $76.8M | New |
| FERG Ferguson Enterprises Inc. | 1.13% | 340,330 | $76.0M | Reduce -35.4% |
| TTAN Servicetitan Inc. Class A | 1.01% | 641,923 | $68.4M | Add +114.1% |
| PANW Palo Alto Networks Inc. | 0.95% | 347,216 | $64.0M | Reduce -8.5% |
| ZS Zscaler Inc. | 0.86% | 258,925 | $58.2M | New |
| TTE Totalenergies SE | 0.83% | 861,493 | $56.2M | New |
| CAVA Cava Group Inc. | 0.81% | 935,648 | $54.9M | Add +30.9% |
| MPWR Monolithic Power Systems Inc. | 0.74% | 54,933 | $49.8M | Add +2386.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.73% | 162,064 | $49.2M | Reduce -14.7% |
| APH Amphenol Corp. Class A | 0.71% | 351,909 | $47.6M | Reduce -12.7% |
| ORCL Oracle Corp. | 0.63% | 216,154 | $42.1M | Add +34.8% |
| NBIS Nebius Group NV | 0.58% | 468,424 | $39.2M | Add +4.1% |
| NEM Newmont Corp. | 0.57% | 384,631 | $38.4M | No change |
| VRSK Verisk Analytics Inc. | 0.57% | 171,662 | $38.4M | Add +29.4% |
| META Meta Platforms Inc. Class A | 0.56% | 57,560 | $38.0M | Reduce -14.5% |
| SHOP Shopify Inc. Class A | 0.56% | 232,942 | $37.5M | Reduce -25.6% |
| EBAY eBay Inc. | 0.55% | 425,415 | $37.1M | Reduce -4.5% |
| AAPL Apple Inc. | 0.53% | 132,294 | $36.0M | Add +3.1% |
| QCOM Qualcomm Inc. | 0.52% | 203,228 | $34.8M | New |
| GEV GE Vernova Inc. | 0.48% | 49,489 | $32.3M | Add +39.0% |
| BABA Alibaba Group Holding-SP ADR | 0.45% | 207,431 | $30.4M | Add +13.2% |
| AMZN Amazon.com Inc. | 0.41% | 120,336 | $27.8M | Add +6.0% |
| CEG Constellation Energy | 0.41% | 77,493 | $27.4M | Reduce -5.6% |
| NFLX Netflix Inc. | 0.40% | 288,893 | $27.1M | Reduce -6.6% |
| CHKP Check Point Software Tech | 0.39% | 140,360 | $26.0M | Reduce -4.4% |
| AEM Agnico Eagle Mines Ltd. | 0.38% | 151,869 | $25.7M | No change |
| BX Blackstone Inc. | 0.38% | 166,425 | $25.7M | Add +43.2% |
| SNOW Snowflake Inc. | 0.38% | 116,801 | $25.6M | Reduce -5.2% |
| EXPE Expedia Group Inc. | 0.36% | 86,191 | $24.4M | Reduce -3.5% |
| LLY Eli Lilly & Co. | 0.33% | 20,965 | $22.5M | Reduce -61.1% |
| MELI MercadoLibre Inc. | 0.33% | 10,974 | $22.1M | Reduce -15.5% |
| NET Cloudflare Inc. Class A | 0.33% | 112,029 | $22.1M | Reduce -3.9% |
| CRDO Credo Technology Group Holdi | 0.33% | 152,750 | $22.0M | Add +93.1% |
| NOW ServiceNow Inc. | 0.32% | 141,564 | $21.7M | Reduce -39.9% |
| DHR Danaher Corp. | 0.32% | 94,442 | $21.6M | Reduce -20.7% |
| AMAT Applied Materials Inc. | 0.32% | 83,339 | $21.4M | Add +6.5% |
| BEP Brookfield Renewable Partner | 0.31% | 786,251 | $21.2M | Reduce -14.4% |
| STX Seagate Technology Holdings | 0.31% | 75,843 | $20.9M | Reduce -47.2% |
| B Barrick Mining Corp. | 0.31% | 476,177 | $20.7M | No change |
| KLAC KLA Corp. | 0.30% | 16,558 | $20.1M | Add +484.5% |
| OMCL Omnicell Inc. | 0.30% | 440,128 | $19.9M | Add +47.7% |
| MU Micron Technology Inc. | 0.28% | 65,994 | $18.8M | Reduce -16.3% |
| ETN Eaton Corp. PLC | 0.27% | 57,317 | $18.3M | Add +44.8% |
| APO Apollo Global Management Inc. | 0.25% | 115,991 | $16.8M | Reduce -0.8% |
| CIEN Ciena Corp. | 0.25% | 70,652 | $16.5M | New |
| TSLA Tesla Inc. | 0.24% | 35,918 | $16.2M | Reduce -29.3% |
| JPM JPMorgan Chase & Co. | 0.24% | 50,027 | $16.1M | Add +13.9% |
| ARM Arm Holdings PLC-ADR | 0.24% | 144,929 | $15.8M | Reduce -2.6% |
| MRVL Marvell Technology Inc. | 0.23% | 185,171 | $15.7M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 33,511 | $15.7M | Reduce -28.3% |
| CBOE Cboe Global Markets Inc. | 0.22% | 58,740 | $14.7M | Reduce -11.3% |
| BAP Credicorp Ltd. | 0.21% | 50,034 | $14.4M | Reduce -3.1% |
| HOOD Robinhood Markets Inc. Class A | 0.21% | 126,228 | $14.3M | Add +105.5% |
| VRT Vertiv Holdings Co. Class A | 0.21% | 86,323 | $14.0M | Add +320.0% |
| APP AppLovin Corp. Class A | 0.20% | 19,787 | $13.3M | Add +112.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.20% | 793,271 | $13.3M | Add +64.0% |
| GOOG Alphabet Inc. Class C | 0.19% | 41,622 | $13.1M | Reduce -13.3% |
| RS Reliance Inc. | 0.19% | 45,062 | $13.0M | Reduce -6.2% |
| AESI Atlas Energy Solutions Inc. | 0.18% | 1,310,646 | $12.3M | Reduce -0.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.18% | 173,749 | $11.8M | Add +382.3% |
| RACE Ferrari NV | 0.18% | 31,602 | $11.8M | Add +37.3% |
| BSX Boston Scientific Corp. | 0.17% | 120,520 | $11.5M | New |
| MCO Moody's Corp. | 0.17% | 22,230 | $11.4M | Reduce -10.9% |
| SOFI Sofi Technologies Inc. | 0.17% | 428,320 | $11.2M | Add +6.7% |
Portfolio Sells Q3 2025 → Q4 2025
| SPOT Spotify Technology SA | Reduce -40.8% | 2.00% | −1.99 |
| MORN Morningstar Inc. | Reduce -99.9% | 0.00% | −1.26 |
| TREX Trex Company Inc. | Sold out | 0.00% | −1.01 |
| BFAM Bright Horizons Family Solut | Sold out | 0.00% | −0.88 |
| CDNS Cadence Design SYS Inc. | Reduce -15.5% | 2.63% | −0.81 |
| FERG Ferguson Enterprises Inc. | Reduce -35.4% | 1.13% | −0.60 |
| COIN Coinbase Global Inc. Class A | Reduce -66.4% | 0.15% | −0.50 |
| V Visa Inc. Class A | Reduce -19.6% | 2.45% | −0.47 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.46 |
| PTC PTC Inc. | Reduce -8.2% | 1.52% | −0.38 |
| MSFT Microsoft Corp. | Reduce -5.0% | 3.38% | −0.37 |
| BLD Topbuild Corp. | Reduce -28.1% | 1.28% | −0.36 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.36 |
| UBER Uber Technologies Inc. | Reduce -65.5% | 0.13% | −0.31 |
| NOW ServiceNow Inc. | Reduce -39.9% | 0.32% | −0.31 |
| VRSN Verisign Inc. | Reduce -8.1% | 1.30% | −0.30 |
| VLTO Veralto Corp. | Reduce -8.6% | 1.94% | −0.29 |
| NVDA Nvidia Corp. | Reduce -16.2% | 1.55% | −0.27 |
| LLY Eli Lilly & Co. | Reduce -61.1% | 0.33% | −0.27 |
| MASI Masimo Corp. | Reduce -7.9% | 1.21% | −0.26 |
| NVR NVR Inc. | Reduce -8.3% | 1.41% | −0.26 |
| AMT American Tower Corp. | Reduce -8.4% | 1.39% | −0.25 |
| ADSK Autodesk Inc. | Reduce -8.3% | 1.57% | −0.24 |
| STX Seagate Technology Holdings | Reduce -47.2% | 0.31% | −0.19 |
| PANW Palo Alto Networks Inc. | Reduce -8.5% | 0.95% | −0.18 |
| PCTY Paylocity Holding Corp. | Reduce -8.4% | 1.38% | −0.17 |
| INTU Intuit Inc. | Reduce -8.0% | 1.62% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -14.5% | 0.56% | −0.16 |
| CNM Core & Main Inc. Class A | Reduce -8.5% | 1.33% | −0.15 |
| IR Ingersoll-Rand Inc. | Reduce -8.6% | 1.20% | −0.15 |
| DOCS Doximity Inc. Class A | Reduce -36.0% | 0.10% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -46.8% | 0.15% | −0.15 |
| NFLX Netflix Inc. | Reduce -6.6% | 0.40% | −0.14 |
| WMT Walmart Inc. | Reduce -69.7% | 0.07% | −0.13 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.13 |
| SHOP Shopify Inc. Class A | Reduce -25.6% | 0.56% | −0.12 |
| MELI MercadoLibre Inc. | Reduce -15.5% | 0.33% | −0.12 |
| PLTR Palantir Technologies Inc. Class A | Reduce -68.7% | 0.05% | −0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -28.3% | 0.23% | −0.10 |
| SAIL Sailpoint Inc. | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Reduce -29.3% | 0.24% | −0.09 |
| PDD PDD Holdings Inc. | Reduce -53.5% | 0.06% | −0.09 |
| YMM Full Truck Alliance -SPN ADR | Reduce -40.6% | 0.09% | −0.09 |
| UPST Upstart Holdings Inc. | Reduce -56.0% | 0.05% | −0.07 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.07 |
| ARM Arm Holdings PLC-ADR | Reduce -2.6% | 0.24% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -50.3% | 0.10% | −0.07 |
| SOUN Soundhound AI Inc. Class A | Sold out | 0.00% | −0.06 |
| CHKP Check Point Software Tech | Reduce -4.4% | 0.39% | −0.06 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -34.1% | 0.09% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| MA Mastercard Inc. Class A | Add +1070.4% | 2.13% | +1.95 |
| CTAS Cintas Corp. | New | 1.50% | +1.50 |
| WST West Pharmaceutical Services | New | 1.50% | +1.50 |
| PGR Progressive Corp. | New | 1.14% | +1.14 |
| ZS Zscaler Inc. | New | 0.86% | +0.86 |
| TTE Totalenergies SE | New | 0.83% | +0.83 |
| MPWR Monolithic Power Systems Inc. | Add +2386.8% | 0.74% | +0.71 |
| DB Deutsche Bank AG-Registered | Add +8.3% | 3.29% | +0.58 |
| TTAN Servicetitan Inc. Class A | Add +114.1% | 1.01% | +0.57 |
| ISRG Intuitive Surgical Inc. | Add +0.9% | 2.47% | +0.57 |
| QCOM Qualcomm Inc. | New | 0.52% | +0.52 |
| ALC Alcon Inc. | Add +22.2% | 1.67% | +0.42 |
| KLAC KLA Corp. | Add +484.5% | 0.30% | +0.25 |
| CIEN Ciena Corp. | New | 0.25% | +0.25 |
| MRVL Marvell Technology Inc. | New | 0.23% | +0.23 |
| CAVA Cava Group Inc. | Add +30.9% | 0.81% | +0.18 |
| BSX Boston Scientific Corp. | New | 0.17% | +0.17 |
| OMCL Omnicell Inc. | Add +47.7% | 0.30% | +0.16 |
| VRT Vertiv Holdings Co. Class A | Add +320.0% | 0.21% | +0.16 |
| GEV GE Vernova Inc. | Add +39.0% | 0.48% | +0.16 |
| CRDO Credo Technology Group Holdi | Add +93.1% | 0.33% | +0.16 |
| IQV Iqvia Holdings Inc. | New | 0.16% | +0.16 |
| FCX Freeport-McMoran Inc. | New | 0.14% | +0.14 |
| ECL Ecolab Inc. | Add +10.8% | 1.95% | +0.14 |
| MKC McCormick & Co.-Non VTG SHRS | Add +382.3% | 0.18% | +0.14 |
| OXY Occidental Petroleum Corp. | New | 0.13% | +0.13 |
| AVGO Broadcom Inc. | Add +3.4% | 1.31% | +0.12 |
| MICC The Magnum Ice Cream Co. NV | New | 0.10% | +0.10 |
| APP AppLovin Corp. Class A | Add +112.5% | 0.20% | +0.10 |
| LITE Lumentum Holdings Inc. | New | 0.09% | +0.09 |
| BX Blackstone Inc. | Add +43.2% | 0.38% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +64.0% | 0.20% | +0.08 |
| AMAT Applied Materials Inc. | Add +6.5% | 0.32% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +105.5% | 0.21% | +0.08 |
| VRSK Verisk Analytics Inc. | Add +29.4% | 0.57% | +0.08 |
| FN Fabrinet | New | 0.08% | +0.08 |
| BEAM Beam Therapeutics Inc. | New | 0.07% | +0.07 |
| LIN Linde PLC | New | 0.06% | +0.06 |
| XP XP Inc. Class A | New | 0.06% | +0.06 |
| AAPL Apple Inc. | Add +3.1% | 0.53% | +0.06 |
| ETN Eaton Corp. PLC | Add +44.8% | 0.27% | +0.05 |
| KVYO Klaviyo Inc. Class A | Add +90.1% | 0.09% | +0.05 |
| TEAM Atlassian Corp. Class A | Add +42.2% | 0.16% | +0.05 |
| AMZN Amazon.com Inc. | Add +6.0% | 0.41% | +0.05 |
| COHR Coherent Corp. | New | 0.05% | +0.05 |
| ALAB Astera Labs Inc. | Add +81.3% | 0.13% | +0.05 |
| SANM Sanmina Corp. | New | 0.05% | +0.05 |
| HSAI Hesai Group | New | 0.05% | +0.05 |
| LMND Lemonade Inc. | Add +29.4% | 0.10% | +0.04 |
| ZTS Zoetis Inc. | New | 0.04% | +0.04 |
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 |