Mondrian Investment Partners LTD
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Mondrian Investment Partners LTD reported 96 stock positions worth $6.5 billion. Its top holding was TC Energy (TRP) at 6.1% of the portfolio, followed by Koninklijke Philips NVR- NY (PHG, 3.5%) and Lloyds Banking Group PLC-ADR (LYG, 3.5%). Compared with Q1 2024, it opened 4 new positions, sold out of 6, added to 38 and reduced 48. The biggest buy was a new position in McDonald's (MCD) and the biggest sale Colgate-Palmolive (CL, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001317724
- Portfolio Value
- $6.5B (Q2 2024)
- SEC Filing
- 0001317724-24-000006 ↗ filed Aug 12, 2024
Holdings Value
Holdings 96 stocks · $6.5B
| TRP TC Energy Corp. | 6.14% | 6,812,926 | $398.8M | Reduce -24.9% |
| PHG Koninklijke Philips NVR- NY | 3.55% | 8,180,562 | $230.5M | Reduce -14.4% |
| LYG Lloyds Banking Group PLC-ADR | 3.48% | 74,716,427 | $226.4M | Reduce -16.9% |
| SAN Banco Santander SA-Spon ADR | 3.35% | 44,911,698 | $217.8M | Reduce -26.3% |
| SONY Sony Group Corp. - SP ADR | 3.06% | 2,233,340 | $198.8M | Reduce -12.7% |
| GSK GSK PLC-Spon ADR | 2.92% | 4,897,802 | $189.9M | Reduce -11.1% |
| SNY Sanofi-ADR | 2.80% | 3,509,495 | $181.8M | Reduce -11.2% |
| BP BP PLC-Spons ADR | 2.72% | 4,996,258 | $176.8M | Reduce -15.2% |
| TSM Taiwan Semiconductor-SP ADR | 2.64% | 1,034,696 | $171.6M | Reduce -42.1% |
| ABBV Abbvie Inc. | 2.41% | 843,897 | $156.4M | Reduce -7.9% |
| DD Dupont DE Nemours Inc. | 2.23% | 1,734,593 | $145.2M | Reduce -3.6% |
| HCA HCA Healthcare Inc. | 2.22% | 397,624 | $144.4M | Reduce -11.6% |
| PBR Petroleo Brasileiro-Spon ADR | 2.22% | 10,099,766 | $144.1M | Add +23.0% |
| TXN Texas Instruments Inc. | 2.22% | 706,350 | $144.0M | Add +141.7% |
| NVS Novartis AG-Sponsored ADR | 2.18% | 1,272,482 | $141.9M | Reduce -38.4% |
| WFC Wells Fargo & Co. | 2.17% | 2,375,998 | $141.0M | Reduce -12.5% |
| META Meta Platforms Inc. Class A | 2.16% | 295,885 | $140.5M | Reduce -14.5% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 2.16% | 4,376,345 | $140.0M | Reduce -15.5% |
| BAP Credicorp Ltd. | 2.13% | 811,867 | $138.5M | Reduce -28.7% |
| UNH Unitedhealth Group Inc. | 2.05% | 231,500 | $133.4M | Add +8.0% |
| YUMC Yum China Holdings Inc. | 2.05% | 4,394,628 | $133.2M | Add +56.3% |
| WPP WPP PLC-Sponsored ADR | 2.04% | 2,903,201 | $132.8M | Reduce -13.3% |
| SHEL Shell PLC-ADR | 1.92% | 1,707,857 | $125.0M | Reduce -21.9% |
| KVUE Kenvue Inc. | 1.92% | 6,733,023 | $124.5M | Add +20.8% |
| CNC Centene Corp. | 1.89% | 1,595,571 | $122.7M | Add +8.9% |
| MSFT Microsoft Corp. | 1.87% | 290,916 | $121.7M | Reduce -3.9% |
| LH Labcorp Holdings Inc. | 1.86% | 561,755 | $121.0M | Reduce -5.0% |
| VALE Vale SA-SP ADR | 1.83% | 10,950,729 | $118.8M | Add +20.4% |
| ALV Autoliv Inc. | 1.81% | 1,160,076 | $117.3M | Add +21.8% |
| DLTR Dollar Tree Inc. | 1.71% | 1,065,779 | $111.2M | Reduce -3.2% |
| CDW CDW Corp. | 1.71% | 508,529 | $110.9M | Reduce -3.1% |
| B Barrick Gold Corp. | 1.70% | 5,975,918 | $110.6M | Add +1.5% |
| MCD McDonald's Corp. | 1.70% | 415,677 | $110.3M | New |
| TAK Takeda Pharmaceutic-SP ADR | 1.67% | 7,738,748 | $108.3M | Reduce -35.9% |
| SCHW Schwab (charles) Corp. | 1.66% | 1,651,666 | $107.7M | Add +11.2% |
| AMT American Tower Corp. | 1.66% | 488,272 | $107.6M | Reduce -3.1% |
| WMT Walmart Inc. | 1.45% | 1,371,580 | $94.1M | Reduce -31.1% |
| AMZN Amazon.com Inc. | 1.44% | 501,778 | $93.8M | Reduce -10.7% |
| LHX L3HARRIS Technologies Inc. | 1.38% | 396,398 | $89.9M | Reduce -5.8% |
| INFY Infosys Ltd.-SP ADR | 1.37% | 4,026,447 | $89.1M | Reduce -15.3% |
| ATHM Autohome Inc.-ADR | 1.37% | 3,557,009 | $88.7M | Reduce -24.2% |
| XOM Exxon Mobil Corp. | 1.36% | 747,215 | $88.6M | Reduce -3.6% |
| NNN NNN REIT Inc. | 1.29% | 1,863,274 | $83.6M | Reduce -2.8% |
| HDB HDFC Bank Ltd.-ADR | 1.14% | 1,232,670 | $74.0M | Add +74.9% |
| PLD Prologis Inc. | 0.91% | 466,751 | $58.8M | Add +205.5% |
| BIDU Baidu Inc. - Spon ADR | 0.86% | 634,187 | $56.2M | Reduce -13.9% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.70% | 1,189,372 | $45.3M | Reduce -13.3% |
| KT KT Corp.-SP ADR | 0.49% | 2,207,403 | $32.2M | Reduce -19.7% |
| MU Micron Technology Inc. | 0.48% | 282,032 | $31.0M | Reduce -63.4% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.46% | 4,917,679 | $29.6M | Reduce -10.3% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.39% | 595,693 | $25.1M | Add +67.0% |
| BTI British American Tob-SP ADR | 0.29% | 534,000 | $19.0M | New |
| VEA Vanguard Ftse Developed ETF | 0.18% | 233,379 | $11.7M | Reduce -54.0% |
| RDY Dr. Reddy's Laboratories-ADR | 0.18% | 142,218 | $11.6M | Reduce -13.6% |
| CHT Chunghwa Telecom LT-Spon ADR | 0.07% | 117,498 | $4.4M | No change |
| EFA iShares MSCI Eafe ETF | 0.05% | 39,557 | $3.2M | Reduce -88.9% |
| WAT Waters Corp. | 0.04% | 7,036 | $2.4M | Add +54.4% |
| ES Eversource Energy | 0.04% | 35,654 | $2.3M | Add +10.6% |
| EIX Edison International | 0.03% | 20,531 | $1.6M | Add +3.8% |
| LAUR Laureate Education Inc. | 0.03% | 105,353 | $1.6M | New |
| VEU Vanguard Ftse All-World Ex-U | 0.02% | 1,033 | $1.6M | Reduce -59.6% |
| PAX Patria Investments Ltd. Class A | 0.02% | 114,150 | $1.5M | Reduce -28.7% |
| FIS Fidelity National Info Serv | 0.02% | 18,905 | $1.5M | Add +4.5% |
| SRCL Stericycle Inc. | 0.02% | 21,894 | $1.3M | Reduce -97.7% |
| GILD Gilead Sciences Inc. | 0.01% | 12,173 | $926K | Add +4.9% |
| LW Lamb Weston Holdings Inc. | 0.01% | 14,975 | $899K | Add +24.0% |
| EOG EOG Resources Inc. | 0.01% | 6,898 | $875K | Add +6.1% |
| SWK Stanley Black & Decker Inc. | 0.01% | 7,855 | $830K | Add +5.9% |
| EA Electronic Arts Inc. | 0.01% | 4,532 | $684K | Add +28.0% |
| GOOGL Alphabet Inc. Class A | 0.01% | 3,973 | $682K | Add +0.1% |
| DG Dollar General Corp. | 0.01% | 4,203 | $506K | Add +28.0% |
| HAFN Hafnia Ltd. | 0.01% | 5,076 | $439K | New |
| EWY iShares MSCI South Korea ETF | 0.01% | 5,922 | $394K | Add +16.0% |
| CL Colgate-Palmolive Co. | 0.00% | 2,400 | $238K | Reduce -99.8% |
| BABA Alibaba Group Holding-SP ADR | 0.00% | 2,368 | $187K | Add +3.3% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.00% | 7,043 | $169K | Add +3.5% |
| SHG Shinhan Financial Group-ADR | 0.00% | 3,784 | $164K | Add +20.1% |
| ENIC Enel Chile SA-ADR | 0.00% | 48,847 | $138K | Reduce -4.6% |
| BTG B2GOLD Corp. | 0.00% | 32,258 | $134K | Reduce -13.1% |
| PAC Grupo Aeroportuario Pac-ADR | 0.00% | 768 | $123K | Add +5.3% |
| ENB Enbridge Inc. | 0.00% | 2,074 | $107K | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.00% | 3,089 | $90K | Add +3.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.00% | 1,391 | $90K | Add +2.5% |
| UL Unilever PLC | 0.00% | 1,363 | $84K | Add +3.6% |
| CSX CSX Corp. | 0.00% | 2,312 | $81K | Add +10.3% |
| TTE Totalenergies SE -Spon ADR | 0.00% | 1,160 | $79K | Add +38.3% |
| NSC Norfolk Southern Corp. | 0.00% | 283 | $71K | No change |
| ASX Ase Technology Holding -ADR | 0.00% | 6,113 | $61K | Add +3.1% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.00% | 3,212 | $57K | Add +41.5% |
| UAE iShares MSCI Uae ETF | 0.00% | 3,348 | $49K | Add +2.6% |
| E Eni SPA-Sponsored ADR | 0.00% | 732 | $23K | Reduce -58.9% |
| DQ Daqo New Energy Corp.-ADR | 0.00% | 1,319 | $23K | No change |
| MOMO Hello Group Inc. -SPN ADR | 0.00% | 3,037 | $20K | Add +38.0% |
| OTEX Open Text Corp. | 0.00% | 471 | $20K | No change |
| JOYY Joyy Inc.-ADR | 0.00% | 395 | $13K | No change |
| QCOM Qualcomm Inc. | 0.00% | 33 | $6K | Reduce -91.4% |
Portfolio Sells Q1 2024 → Q2 2024
| CL Colgate-Palmolive Co. | Reduce -99.8% | 0.00% | −1.39 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.39 |
| MU Micron Technology Inc. | Reduce -63.4% | 0.48% | −0.77 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -42.1% | 2.64% | −0.70 |
| SAN Banco Santander SA-Spon ADR | Reduce -26.3% | 3.35% | −0.70 |
| SRCL Stericycle Inc. | Reduce -97.7% | 0.02% | −0.66 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -35.9% | 1.67% | −0.66 |
| TRP TC Energy Corp. | Reduce -24.9% | 6.14% | −0.64 |
| NVS Novartis AG-Sponsored ADR | Reduce -38.4% | 2.18% | −0.56 |
| BAP Credicorp Ltd. | Reduce -28.7% | 2.13% | −0.52 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -15.5% | 2.16% | −0.48 |
| EFA iShares MSCI Eafe ETF | Reduce -88.9% | 0.05% | −0.34 |
| BP BP PLC-Spons ADR | Reduce -15.2% | 2.72% | −0.33 |
| ATHM Autohome Inc.-ADR | Reduce -24.2% | 1.37% | −0.33 |
| GSK GSK PLC-Spon ADR | Reduce -11.1% | 2.92% | −0.32 |
| DLTR Dollar Tree Inc. | Reduce -3.2% | 1.71% | −0.30 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -13.3% | 0.70% | −0.23 |
| BIDU Baidu Inc. - Spon ADR | Reduce -13.9% | 0.86% | −0.20 |
| WMT Walmart Inc. | Reduce -31.1% | 1.45% | −0.20 |
| VEA Vanguard Ftse Developed ETF | Reduce -54.0% | 0.18% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -14.5% | 2.16% | −0.14 |
| WPP WPP PLC-Sponsored ADR | Reduce -13.3% | 2.04% | −0.14 |
| CDW CDW Corp. | Reduce -3.1% | 1.71% | −0.14 |
| SHEL Shell PLC-ADR | Reduce -21.9% | 1.92% | −0.09 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -10.3% | 0.46% | −0.07 |
| KT KT Corp.-SP ADR | Reduce -19.7% | 0.49% | −0.03 |
| CINT Ci&t Inc./United States-A | Sold out | 0.00% | −0.02 |
| PAX Patria Investments Ltd. Class A | Reduce -28.7% | 0.02% | −0.01 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -91.4% | 0.00% | −0.00 |
| SUZ Suzano SA - Spon ADR | Sold out | 0.00% | −0.00 |
| E Eni SPA-Sponsored ADR | Reduce -58.9% | 0.00% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.00 |
| ENIC Enel Chile SA-ADR | Reduce -4.6% | 0.00% | 0.00 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | 0.00 |
| BTG B2GOLD Corp. | Reduce -13.1% | 0.00% | +0.00 |
| WFC Wells Fargo & Co. | Reduce -12.5% | 2.17% | +0.01 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -13.6% | 0.18% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -59.6% | 0.02% | +0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -12.7% | 3.06% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -10.7% | 1.44% | +0.05 |
| LH Labcorp Holdings Inc. | Reduce -5.0% | 1.86% | +0.09 |
| ABBV Abbvie Inc. | Reduce -7.9% | 2.41% | +0.12 |
| MSFT Microsoft Corp. | Reduce -3.9% | 1.87% | +0.12 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 1.36% | +0.13 |
| LHX L3HARRIS Technologies Inc. | Reduce -5.8% | 1.38% | +0.15 |
| HCA HCA Healthcare Inc. | Reduce -11.6% | 2.22% | +0.16 |
| SNY Sanofi-ADR | Reduce -11.2% | 2.80% | +0.16 |
| NNN NNN REIT Inc. | Reduce -2.8% | 1.29% | +0.16 |
| INFY Infosys Ltd.-SP ADR | Reduce -15.3% | 1.37% | +0.20 |
Portfolio Buys Q1 2024 → Q2 2024
| MCD McDonald's Corp. | New | 1.70% | +1.70 |
| TXN Texas Instruments Inc. | Add +141.7% | 2.22% | +1.52 |
| PLD Prologis Inc. | Add +205.5% | 0.91% | +0.63 |
| HDB HDFC Bank Ltd.-ADR | Add +74.9% | 1.14% | +0.60 |
| UNH Unitedhealth Group Inc. | Add +8.0% | 2.05% | +0.60 |
| YUMC Yum China Holdings Inc. | Add +56.3% | 2.05% | +0.51 |
| PBR Petroleo Brasileiro-Spon ADR | Add +23.0% | 2.22% | +0.50 |
| B Barrick Gold Corp. | Add +1.5% | 1.70% | +0.36 |
| CNC Centene Corp. | Add +8.9% | 1.89% | +0.31 |
| VALE Vale SA-SP ADR | Add +20.4% | 1.83% | +0.31 |
| BTI British American Tob-SP ADR | New | 0.29% | +0.29 |
| KVUE Kenvue Inc. | Add +20.8% | 1.92% | +0.27 |
| ALV Autoliv Inc. | Add +21.8% | 1.81% | +0.23 |
| SCHW Schwab (charles) Corp. | Add +11.2% | 1.66% | +0.18 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +67.0% | 0.39% | +0.17 |
| LAUR Laureate Education Inc. | New | 0.03% | +0.03 |
| WAT Waters Corp. | Add +54.4% | 0.04% | +0.01 |
| ES Eversource Energy | Add +10.6% | 0.04% | +0.01 |
| HAFN Hafnia Ltd. | New | 0.01% | +0.01 |
| EIX Edison International | Add +3.8% | 0.03% | +0.01 |
| EA Electronic Arts Inc. | Add +28.0% | 0.01% | +0.00 |
| FIS Fidelity National Info Serv | Add +4.5% | 0.02% | +0.00 |
| SWK Stanley Black & Decker Inc. | Add +5.9% | 0.01% | +0.00 |
| GILD Gilead Sciences Inc. | Add +4.9% | 0.01% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.01% | +0.00 |
| EOG EOG Resources Inc. | Add +6.1% | 0.01% | +0.00 |
| EWY iShares MSCI South Korea ETF | Add +16.0% | 0.01% | +0.00 |
| SHG Shinhan Financial Group-ADR | Add +20.1% | 0.00% | +0.00 |
| DG Dollar General Corp. | Add +28.0% | 0.01% | +0.00 |
| BABA Alibaba Group Holding-SP ADR | Add +3.3% | 0.00% | +0.00 |
| TTE Totalenergies SE -Spon ADR | Add +38.3% | 0.00% | +0.00 |
| UL Unilever PLC | Add +3.6% | 0.00% | +0.00 |
| ASHR Xtrackers Harvest Csi 300 CH | Add +3.5% | 0.00% | +0.00 |
| PAC Grupo Aeroportuario Pac-ADR | Add +5.3% | 0.00% | +0.00 |
| IBN Icici Bank Ltd.-Spon ADR | Add +3.2% | 0.00% | +0.00 |
| CSX CSX Corp. | Add +10.3% | 0.00% | +0.00 |
| TLK Telkom Indonesia Persero-ADR | Add +41.5% | 0.00% | +0.00 |
| BNS Bank of Nova Scotia | Add +2.5% | 0.00% | +0.00 |
| MOMO Hello Group Inc. -SPN ADR | Add +38.0% | 0.00% | +0.00 |
| UAE iShares MSCI Uae ETF | Add +2.6% | 0.00% | +0.00 |
| ASX Ase Technology Holding -ADR | Add +3.1% | 0.00% | 0.00 |
| LW Lamb Weston Holdings Inc. | Add +24.0% | 0.01% | −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 |