Palliser Capital (UK) Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Palliser Capital (UK) Ltd reported 5 stock positions worth $146.8 million. Its top holding was Rio Tinto PLC-Spon ADR (RIO) at 65.8% of the portfolio, followed by Barrick Mining (B, 14.1%) and Teck Resources Ltd.-CLS B (TECK, 9.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 3 and added to 2. The biggest buy was a new position in Barrick Mining (B) and the biggest sale an exit from Tripadvisor (TRIP).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001881490
Portfolio Value
$146.8M (Q4 2025)
SEC Filing
0001881490-26-000002 ↗ filed Feb 13, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $73.4M Q1 2024 Q2 2024: $99.7M Q2 2024 Q3 2024: $148.1M Q3 2024 Q4 2024: $125.1M Q4 2024 Q1 2025: $84.6M Q1 2025 Q2 2025: $137.2M Q2 2025 Q3 2025: $136.3M Q3 2025 Q4 2025: $146.8M $146.8M Q4 2025 Q1 2026: $128.8M Q1 2026 Q2 2026: $186.0M Q2 2026

Holdings 5 stocks · $146.8M
RIO Rio Tinto PLC-Spon ADR 65.83% 1,207,750 $96.7M No change
B Barrick Mining Corp. 14.13% 476,310 $20.7M New
TECK Teck Resources Ltd.-CLS B 9.17% 281,293 $13.5M Add +153.8%
CCOI Cogent Communications Holdin 6.26% 426,184 $9.2M Add +94.8%
GPRK Geopark Ltd. 4.62% 914,534 $6.8M New

Portfolio Sells Q3 2025 → Q4 2025
TRIP Tripadvisor Inc. Sold out 0.00% −14.80
EM Smart Share Global Ltd. - ADR Sold out 0.00% −9.98
KVUE Kenvue Inc. Sold out 0.00% −7.02

Portfolio Buys Q3 2025 → Q4 2025
B Barrick Mining Corp. New 14.13% +14.13
TECK Teck Resources Ltd.-CLS B Add +153.8% 9.17% +5.61
GPRK Geopark Ltd. New 4.62% +4.62
CCOI Cogent Communications Holdin Add +94.8% 6.26% +0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$186.0MRIO, HONA, NSC, BIO, WBD
Q1 2026 5$128.8MRIO, B, CCOI, ROP, OWL
Q4 2025 5$146.8MRIO, B, TECK, CCOI, GPRK
Q3 2025 6$136.3MRIO, TRIP, EM, KVUE, CCOI
Q2 2025 5$137.2MRIO, SKX, TRIP, EM, IBIT
Q1 2025 3$84.6MRIO, EM, IBIT
Q4 2024 6$125.1MRIO, EDR, LBRDK, MTCH, X
Q3 2024 11$148.1MLBRDK, EDR, RIO, ACI, X
Q2 2024 10$99.7MRIO, LBRDK, ACI, EDR, MTCH
Q1 2024 10$73.4MACI, LBRDK, MTCH, X, FOX