Mondrian Investment Partners LTD
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Mondrian Investment Partners LTD reported 111 stock positions worth $6.5 billion. Its top holding was Yum China (YUMC) at 14.3% of the portfolio, followed by Lloyds Banking Group PLC-ADR (LYG, 4.5%) and Banco Santander SA-Spon ADR (SAN, 4.1%). Compared with Q1 2026, it opened 20 new positions, sold out of 12, added to 33 and reduced 50. The biggest buy was Unitedhealth (UNH, shares +7%) and the biggest sale Honda Motor Co. Ltd.-Spons ADR (HMC, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001317724
- Portfolio Value
- $6.5B (Q2 2026)
- SEC Filing
- 0001317724-26-000011 ↗ filed Jul 30, 2026
Holdings Value
Holdings 111 stocks · $6.5B
| YUMC Yum China Holdings Inc. | 14.34% | 2,909,043 | $929.7M | Add +23.4% |
| LYG Lloyds Banking Group PLC-ADR | 4.49% | 49,945,225 | $291.2M | Reduce -3.7% |
| SAN Banco Santander SA-Spon ADR | 4.13% | 19,385,394 | $267.5M | Reduce -13.2% |
| GSK GSK PLC-Spon ADR | 3.97% | 4,910,830 | $257.4M | Reduce -1.5% |
| SONY Sony Group Corp. - SP ADR | 3.79% | 12,272,937 | $245.5M | Add +2.5% |
| SNY Sanofi-ADR | 3.63% | 5,522,564 | $235.6M | Add +9.6% |
| BTI British American Tob-SP ADR | 3.51% | 3,682,956 | $227.5M | Reduce -0.7% |
| PHG Koninklijke Philips NVR- NY | 3.38% | 8,067,528 | $219.4M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 2.96% | 537,213 | $192.0M | Reduce -8.5% |
| MSFT Microsoft Corp. | 2.96% | 514,232 | $191.8M | Add +23.5% |
| MRK Merck & Co. Inc. | 2.92% | 1,473,945 | $189.4M | Reduce -6.8% |
| TMO Thermo Fisher Scientific Inc. | 2.68% | 346,262 | $173.6M | Add +8.6% |
| SCHW Schwab (charles) Corp. | 2.64% | 1,858,141 | $171.5M | Add +8.2% |
| UNH Unitedhealth Group Inc. | 2.38% | 370,657 | $154.1M | Add +7.2% |
| TXN Texas Instruments Inc. | 2.37% | 515,330 | $153.6M | Reduce -32.6% |
| BP BP PLC-Spons ADR | 2.33% | 4,081,768 | $150.8M | Reduce -11.3% |
| PBR Petroleo Brasileiro-Spon ADR | 2.24% | 8,977,218 | $145.1M | Reduce -19.2% |
| PLD Prologis Inc. | 2.16% | 1,033,598 | $140.0M | Add +9.5% |
| VALE Vale SA-SP ADR | 2.15% | 9,252,093 | $139.2M | Reduce -7.2% |
| DLTR Dollar Tree Inc. | 2.14% | 1,144,955 | $138.5M | Add +12.8% |
| BAC Bank of America Corp. | 2.12% | 2,414,918 | $137.6M | Add +12.8% |
| SHEL Shell PLC-ADR | 1.93% | 1,617,230 | $125.4M | Add +0.4% |
| META Meta Platforms Inc. Class A | 1.82% | 209,858 | $118.2M | Add +15.3% |
| CDW CDW Corp. | 1.64% | 755,141 | $106.2M | Reduce -3.1% |
| DD Dupont DE Nemours Inc. | 1.63% | 779,498 | $105.7M | Reduce -1.0% |
| CRM Salesforce Inc. | 1.61% | 664,545 | $104.1M | Add +9.7% |
| WFC Wells Fargo & Co. | 1.59% | 1,245,361 | $102.9M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 1.31% | 621,038 | $84.9M | Reduce -4.1% |
| WDAY Workday Inc. Class A | 1.23% | 652,660 | $79.9M | Add +6.2% |
| HDB HDFC Bank Ltd.-ADR | 1.21% | 3,027,118 | $78.2M | Add +29.3% |
| LHX L3HARRIS Technologies Inc. | 1.18% | 262,795 | $76.4M | Add +53.4% |
| SYY Sysco Corp. | 1.16% | 903,011 | $75.5M | Reduce -50.5% |
| PEP Pepsico Inc. | 1.14% | 546,759 | $74.0M | Reduce -12.9% |
| FISV Fiserv Inc. | 0.91% | 1,198,040 | $58.8M | Add +22.3% |
| EFA iShares MSCI Eafe ETF | 0.90% | 560,248 | $58.2M | Reduce -36.0% |
| YMM Full Truck Alliance -SPN ADR | 0.85% | 6,807,609 | $55.3M | Reduce -8.0% |
| NNN NNN REIT Inc. | 0.81% | 1,123,643 | $52.3M | Reduce -36.4% |
| INFY Infosys Ltd.-SP ADR | 0.79% | 4,863,247 | $51.0M | Add +1.2% |
| B Barrick Mining Corp. | 0.75% | 1,318,821 | $48.4M | Add +20.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.65% | 88,581 | $42.3M | Add +37.1% |
| KT KT Corp.-SP ADR | 0.65% | 2,442,234 | $42.2M | Reduce -8.3% |
| BAP Credicorp Ltd. | 0.55% | 90,935 | $35.4M | Reduce -7.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.53% | 396,336 | $34.3M | Reduce -8.4% |
| AMZN Amazon.com Inc. | 0.50% | 134,841 | $32.1M | Add +22.7% |
| EMR Emerson Electric Co. | 0.39% | 178,784 | $25.6M | New |
| ZTS Zoetis Inc. | 0.28% | 251,708 | $18.1M | Add +3534.3% |
| MU Micron Technology Inc. | 0.16% | 8,996 | $10.4M | No change |
| Q Qnity Electronics Inc. | 0.09% | 37,378 | $6.1M | No change |
| PUK Prudential PLC-ADR | 0.04% | 102,721 | $2.8M | Add +132.0% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.03% | 55,845 | $2.1M | Reduce -50.3% |
| ES Eversource Energy | 0.03% | 27,101 | $2.0M | Reduce -7.0% |
| WAT Waters Corp. | 0.03% | 4,575 | $1.7M | Reduce -3.3% |
| AMT American Tower Corp. | 0.03% | 10,043 | $1.6M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 23,040 | $1.6M | Add +92.2% |
| KVUE Kenvue Inc. | 0.02% | 75,247 | $1.4M | Reduce -98.7% |
| EWY iShares MSCI South Korea ETF | 0.02% | 7,109 | $1.4M | Reduce -3.7% |
| EIX Edison International | 0.02% | 18,360 | $1.4M | Reduce -9.8% |
| LH Labcorp Holdings Inc. | 0.02% | 4,268 | $1.2M | Reduce -3.3% |
| SOLV Solventum Corp. | 0.02% | 15,486 | $1.2M | Add +5.4% |
| MCD McDonald's Corp. | 0.02% | 4,287 | $1.2M | Add +15.7% |
| CSX CSX Corp. | 0.02% | 20,954 | $996K | Reduce -48.1% |
| EOG EOG Resources Inc. | 0.01% | 7,141 | $926K | Reduce -20.8% |
| QCOM Qualcomm Inc. | 0.01% | 4,881 | $902K | Reduce -24.4% |
| BNY Bank of New York Mellon Corp. | 0.01% | 5,960 | $862K | Reduce -8.5% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.01% | 31,837 | $860K | Reduce -99.2% |
| ASX Ase Technology Holding -ADR | 0.01% | 12,671 | $572K | Reduce -4.5% |
| NVS Novartis AG-Sponsored ADR | 0.01% | 3,273 | $513K | Add +39.1% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.01% | 13,385 | $491K | Reduce -4.3% |
| DG Dollar General Corp. | 0.01% | 4,095 | $471K | No change |
| HCA HCA Healthcare Inc. | 0.01% | 1,089 | $425K | Reduce -28.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.01% | 4,664 | $391K | Add +193.7% |
| SHG Shinhan Financial Group-ADR | 0.01% | 5,298 | $335K | Reduce -3.7% |
| ENIC Enel Chile SA-ADR | 0.00% | 55,120 | $248K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.00% | 2,255 | $216K | Reduce -9.3% |
| RSPS Invesco S&P 500 Equal Weight | 0.00% | 7,085 | $212K | New |
| VWO Vanguard Ftse Emerging Marke | 0.00% | 3,014 | $180K | Reduce -5.6% |
| FMX Fomento Economico Mex-SP ADR | 0.00% | 1,368 | $175K | Reduce -3.8% |
| PAC Grupo Aeroportuario Pac-ADR | 0.00% | 678 | $172K | Reduce -1.7% |
| IHF iShares U.S. Healthcare Prov | 0.00% | 2,973 | $164K | New |
| UAE iShares MSCI Uae ETF | 0.00% | 8,428 | $160K | Reduce -2.6% |
| IBN Icici Bank Ltd.-Spon ADR | 0.00% | 5,409 | $157K | Add +0.4% |
| NTES Netease Inc.-ADR | 0.00% | 1,198 | $153K | Reduce -4.0% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.00% | 17,872 | $146K | Reduce -4.3% |
| TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND | 0.00% | 7,125 | $96K | Reduce -5.8% |
| BIDU Baidu Inc. - Spon ADR | 0.00% | 812 | $93K | Reduce -6.8% |
| IGV iShares Expanded Tech-Softwa | 0.00% | 826 | $75K | New |
| SLF Sun Life Financial Inc. | 0.00% | 442 | $49K | New |
| MFC Manulife Financial Corp. | 0.00% | 831 | $48K | New |
| ATHM Autohome Inc.-ADR | 0.00% | 2,413 | $46K | No change |
| IMO Imperial Oil Ltd. | 0.00% | 281 | $45K | New |
| NOMD Nomad Foods Ltd. | 0.00% | 3,833 | $42K | No change |
| WPP WPP PLC-Sponsored ADR | 0.00% | 2,354 | $36K | Reduce -99.9% |
| LAUR Laureate Education Inc. | 0.00% | 876 | $32K | No change |
| VINP Vinci Compass Investments LT | 0.00% | 2,807 | $27K | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.00% | 327 | $27K | New |
| RXI iShares Global Consumer Disc | 0.00% | 95 | $18K | New |
| VFH Vanguard Financials ETF | 0.00% | 111 | $15K | New |
| E Eni SPA-Sponsored ADR | 0.00% | 308 | $14K | Add +36.9% |
| RSPF Invesco S&P 500 Equal Weight | 0.00% | 177 | $14K | New |
| WOOD iShares Global Timber & Fore | 0.00% | 195 | $13K | New |
Portfolio Sells Q1 2026 → Q2 2026
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -99.2% | 0.01% | −1.49 |
| KVUE Kenvue Inc. | Reduce -98.7% | 0.02% | −1.44 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -19.2% | 2.24% | −1.21 |
| BP BP PLC-Spons ADR | Reduce -11.3% | 2.33% | −0.91 |
| WPP WPP PLC-Sponsored ADR | Reduce -99.9% | 0.00% | −0.79 |
| SYY Sysco Corp. | Reduce -50.5% | 1.16% | −0.78 |
| EFA iShares MSCI Eafe ETF | Reduce -36.0% | 0.90% | −0.37 |
| XOM Exxon Mobil Corp. | Reduce -4.1% | 1.31% | −0.33 |
| PEP Pepsico Inc. | Reduce -12.9% | 1.14% | −0.32 |
| NNN NNN REIT Inc. | Reduce -36.4% | 0.81% | −0.30 |
| VALE Vale SA-SP ADR | Reduce -7.2% | 2.15% | −0.23 |
| KT KT Corp.-SP ADR | Reduce -8.3% | 0.65% | −0.20 |
| GSK GSK PLC-Spon ADR | Reduce -1.5% | 3.97% | −0.15 |
| YMM Full Truck Alliance -SPN ADR | Reduce -8.0% | 0.85% | −0.07 |
| KSA Ishrs MSCI Saudi Arabia ETF | Reduce -50.3% | 0.03% | −0.03 |
| CSX CSX Corp. | Reduce -48.1% | 0.02% | −0.01 |
| EOG EOG Resources Inc. | Reduce -20.8% | 0.01% | −0.01 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -28.9% | 0.01% | −0.00 |
| SOBO South Bow Corp. | Sold out | 0.00% | −0.00 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.00 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.00 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.00 |
| UL Unilever PLC-Sponsored ADR | Sold out | 0.00% | −0.00 |
| ABEV Ambev SA-ADR | Reduce -98.0% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.00 |
| NI Nisource Inc. | Sold out | 0.00% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -9.3% | 0.00% | −0.00 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.00 |
| EIX Edison International | Reduce -9.8% | 0.02% | −0.00 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −0.00 |
| BTG B2GOLD Corp. | Sold out | 0.00% | −0.00 |
| TLK Telkom Indonesia Persero-ADR | Reduce -5.8% | 0.00% | −0.00 |
| OTEX Open Text Corp. | Sold out | 0.00% | −0.00 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -4.3% | 0.00% | −0.00 |
| BIDU Baidu Inc. - Spon ADR | Reduce -6.8% | 0.00% | 0.00 |
| ES Eversource Energy | Reduce -7.0% | 0.03% | 0.00 |
| EEM iShares MSCI Emerging Market | Reduce -33.3% | 0.00% | 0.00 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -1.7% | 0.00% | +0.00 |
| UAE iShares MSCI Uae ETF | Reduce -2.6% | 0.00% | +0.00 |
| SHG Shinhan Financial Group-ADR | Reduce -3.7% | 0.01% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.6% | 0.00% | +0.00 |
| FMX Fomento Economico Mex-SP ADR | Reduce -3.8% | 0.00% | +0.00 |
| NTES Netease Inc.-ADR | Reduce -4.0% | 0.00% | +0.00 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -4.3% | 0.01% | +0.00 |
| LH Labcorp Holdings Inc. | Reduce -3.3% | 0.02% | +0.00 |
| QCOM Qualcomm Inc. | Reduce -24.4% | 0.01% | +0.00 |
| BNY Bank of New York Mellon Corp. | Reduce -8.5% | 0.01% | +0.00 |
| ASX Ase Technology Holding -ADR | Reduce -4.5% | 0.01% | +0.00 |
| WAT Waters Corp. | Reduce -3.3% | 0.03% | +0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| UNH Unitedhealth Group Inc. | Add +7.2% | 2.38% | +0.98 |
| YUMC Yum China Holdings Inc. | Add +23.4% | 14.34% | +0.75 |
| MSFT Microsoft Corp. | Add +23.5% | 2.96% | +0.65 |
| BAC Bank of America Corp. | Add +12.8% | 2.12% | +0.56 |
| DLTR Dollar Tree Inc. | Add +12.8% | 2.14% | +0.47 |
| EMR Emerson Electric Co. | New | 0.39% | +0.39 |
| HDB HDFC Bank Ltd.-ADR | Add +29.3% | 1.21% | +0.34 |
| TMO Thermo Fisher Scientific Inc. | Add +8.6% | 2.68% | +0.33 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.1% | 0.65% | +0.33 |
| PLD Prologis Inc. | Add +9.5% | 2.16% | +0.29 |
| LHX L3HARRIS Technologies Inc. | Add +53.4% | 1.18% | +0.29 |
| ZTS Zoetis Inc. | Add +3534.3% | 0.28% | +0.27 |
| META Meta Platforms Inc. Class A | Add +15.3% | 1.82% | +0.27 |
| SCHW Schwab (charles) Corp. | Add +8.2% | 2.64% | +0.23 |
| PHG Koninklijke Philips NVR- NY | Add +3.5% | 3.38% | +0.19 |
| AMZN Amazon.com Inc. | Add +22.7% | 0.50% | +0.15 |
| FISV Fiserv Inc. | Add +22.3% | 0.91% | +0.09 |
| B Barrick Mining Corp. | Add +20.7% | 0.75% | +0.08 |
| WDAY Workday Inc. Class A | Add +6.2% | 1.23% | +0.04 |
| SONY Sony Group Corp. - SP ADR | Add +2.5% | 3.79% | +0.02 |
| PUK Prudential PLC-ADR | Add +132.0% | 0.04% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +92.2% | 0.03% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +193.7% | 0.01% | +0.00 |
| SOLV Solventum Corp. | Add +5.4% | 0.02% | +0.00 |
| RSPS Invesco S&P 500 Equal Weight | New | 0.00% | +0.00 |
| IHF iShares U.S. Healthcare Prov | New | 0.00% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +39.1% | 0.01% | +0.00 |
| SNY Sanofi-ADR | Add +9.6% | 3.63% | +0.00 |
| IGV iShares Expanded Tech-Softwa | New | 0.00% | +0.00 |
| SLF Sun Life Financial Inc. | New | 0.00% | +0.00 |
| IMO Imperial Oil Ltd. | New | 0.00% | +0.00 |
| MFC Manulife Financial Corp. | New | 0.00% | +0.00 |
| MCD McDonald's Corp. | Add +15.7% | 0.02% | +0.00 |
| AMT American Tower Corp. | Add +3.8% | 0.03% | +0.00 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.00% | +0.00 |
| IBN Icici Bank Ltd.-Spon ADR | Add +0.4% | 0.00% | +0.00 |
| RXI iShares Global Consumer Disc | New | 0.00% | +0.00 |
| RSPF Invesco S&P 500 Equal Weight | New | 0.00% | +0.00 |
| WOOD iShares Global Timber & Fore | New | 0.00% | +0.00 |
| VFH Vanguard Financials ETF | New | 0.00% | +0.00 |
| TDIV FT Nasdaq Tech DVD Index FD | New | 0.00% | +0.00 |
| IXJ iShares Global Healthcare Et | New | 0.00% | +0.00 |
| E Eni SPA-Sponsored ADR | Add +36.9% | 0.00% | 0.00 |
| FHLC Fidelity MSCI Health Care | New | 0.00% | 0.00 |
| IXC iShares Global Energy ETF | New | 0.00% | 0.00 |
| JXI iShares Global Utilities ETF | New | 0.00% | 0.00 |
| EXI iShares Global Industrials E | New | 0.00% | 0.00 |
| NGG National Grid PLC-SP ADR | New | 0.00% | 0.00 |
| XSW SS SPDR S&P Soft & Serv ETF | New | 0.00% | 0.00 |
| DEM Wisdomtree Emerging Markets | Add +108.3% | 0.00% | 0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 111 | $6.5B | YUMC, LYG, SAN, GSK, SONY |
| Q1 2026 | 103 | $6.7B | YUMC, GSK, LYG, SAN, SONY |
| Q4 2025 | 102 | $6.1B | LYG, SAN, GSK, SONY, SNY |
| Q3 2025 | 96 | $6.0B | LYG, SAN, SONY, GSK, BTI |
| Q1 2025 | 98 | $5.8B | SAN, LYG, SONY, TRP, BTI |
| Q4 2024Amended | 100 | $6.1B | TRP, SONY, LYG, SAN, GSK |
| Q3 2024 | 100 | $6.6B | TRP, PHG, LYG, SAN, SONY |
| Q2 2024 | 96 | $6.5B | TRP, PHG, LYG, SAN, SONY |
| Q1 2024 | 98 | $7.3B | TRP, SAN, TSM, GSK, LYG |