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

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $7.3B Q1 2024 Q2 2024: $6.5B Q2 2024 Q3 2024: $6.6B Q3 2024 Q4 2024: $6.1B Q4 2024 Q1 2025: $5.8B Q1 2025 Q3 2025: $6.0B Q3 2025 Q4 2025: $6.1B Q4 2025 Q1 2026: $6.7B Q1 2026 Q2 2026: $6.5B $6.5B Q2 2026

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
TDIV FT Nasdaq Tech DVD Index FD 0.00% 69 $8K New
IXJ iShares Global Healthcare Et 0.00% 62 $6K New
DEM Wisdomtree Emerging Markets 0.00% 50 $3K Add +108.3%
ABEV Ambev SA-ADR 0.00% 823 $3K Reduce -98.0%
XSW SS SPDR S&P Soft & Serv ETF 0.00% 10 $2K New
NGG National Grid PLC-SP ADR 0.00% 21 $2K New
JXI iShares Global Utilities ETF 0.00% 20 $2K New
EXI iShares Global Industrials E 0.00% 4 $879 New
IXC iShares Global Energy ETF 0.00% 18 $863 New
EEM iShares MSCI Emerging Market 0.00% 8 $560 Reduce -33.3%
FHLC Fidelity MSCI Health Care 0.00% 2 $152 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 111$6.5BYUMC, LYG, SAN, GSK, SONY
Q1 2026 103$6.7BYUMC, GSK, LYG, SAN, SONY
Q4 2025 102$6.1BLYG, SAN, GSK, SONY, SNY
Q3 2025 96$6.0BLYG, SAN, SONY, GSK, BTI
Q1 2025 98$5.8BSAN, LYG, SONY, TRP, BTI
Q4 2024Amended 100$6.1BTRP, SONY, LYG, SAN, GSK
Q3 2024 100$6.6BTRP, PHG, LYG, SAN, SONY
Q2 2024 96$6.5BTRP, PHG, LYG, SAN, SONY
Q1 2024 98$7.3BTRP, SAN, TSM, GSK, LYG