Ranmore Fund Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Ranmore Fund Management Ltd reported 14 stock positions worth $369.2 million. Its top holding was Sally Beauty (SBH) at 9.7% of the portfolio, followed by Mattel (MAT, 9.6%) and Petroleo Brasil-SP Pref ADR (PBR.A, 9.0%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 7 and reduced 2. The biggest buy was a new position in Universal Health Services-B (UHS) and the biggest sale an exit from Shinhan Financial Group-ADR (SHG).
- Most Recent 13F
- Q2 2026
- Location
- COBHAM, X0
- CIK
- 0002055400
- Portfolio Value
- $369.2M (Q3 2025)
- SEC Filing
- 0002055400-25-000005 ↗ filed Nov 12, 2025
Holdings Value
Holdings 14 stocks · $369.2M
| SBH Sally Beauty Holdings Inc. | 9.70% | 2,200,000 | $35.8M | Add +0.2% |
| MAT Mattel Inc. | 9.57% | 2,100,000 | $35.3M | Add +80.2% |
| PBR.A Petroleo Brasil-SP Pref ADR | 8.96% | 2,800,000 | $33.1M | Add +38.3% |
| EXPE Expedia Group Inc. | 8.92% | 154,000 | $32.9M | Add +35.1% |
| UHS Universal Health Services-B | 8.53% | 154,000 | $31.5M | New |
| ELV Elevance Health Inc. | 8.23% | 94,000 | $30.4M | Add +88.0% |
| QCOM Qualcomm Inc. | 8.11% | 180,000 | $29.9M | New |
| TAP Molson Coors Beverage Co. Class B | 8.09% | 660,000 | $29.9M | Add +58.9% |
| TNL Travel + Leisure Co. | 8.02% | 498,000 | $29.6M | Add +15.0% |
| CNC Centene Corp. | 7.87% | 814,000 | $29.0M | New |
| WU Western Union Co. | 6.93% | 3,200,000 | $25.6M | New |
| UNH Unitedhealth Group Inc. | 3.27% | 35,000 | $12.1M | Reduce -20.4% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 2.25% | 100,000 | $8.3M | Reduce -60.9% |
| GRVY Gravity Co. Ltd.-Sponsored ADR | 1.56% | 89,744 | $5.7M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SHG Shinhan Financial Group-ADR | Sold out | 0.00% | −9.53 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −8.85 |
| KB KB Financial Group Inc.-ADR | Reduce -60.9% | 2.25% | −6.17 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −3.93 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −2.65 |
| UNH Unitedhealth Group Inc. | Reduce -20.4% | 3.27% | −2.20 |
Portfolio Buys Q2 2025 → Q3 2025
| UHS Universal Health Services-B | New | 8.53% | +8.53 |
| QCOM Qualcomm Inc. | New | 8.11% | +8.11 |
| CNC Centene Corp. | New | 7.87% | +7.87 |
| WU Western Union Co. | New | 6.93% | +6.93 |
| SBH Sally Beauty Holdings Inc. | Add +0.2% | 9.70% | +1.59 |
| EXPE Expedia Group Inc. | Add +35.1% | 8.92% | +1.25 |
| ELV Elevance Health Inc. | Add +88.0% | 8.23% | +0.47 |
| MAT Mattel Inc. | Add +80.2% | 9.57% | +0.41 |
| TAP Molson Coors Beverage Co. Class B | Add +58.9% | 8.09% | +0.13 |
| PBR.A Petroleo Brasil-SP Pref ADR | Add +38.3% | 8.96% | −0.35 |
| TNL Travel + Leisure Co. | Add +15.0% | 8.02% | −0.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 23 | $903.0M | CMCSA, EXPE, GDDY, UHS, CI |
| Q1 2026 | 20 | $757.0M | VSNT, CMCSA, CI, UHS, KSPI |
| Q4 2025 | 18 | $582.7M | CMCSA, PBR.A, UHS, MAT, TNL |
| Q3 2025 | 14 | $369.2M | SBH, MAT, PBR.A, EXPE, UHS |
| Q2 2025 | 14 | $250.8M | SHG, PBR.A, MAT, TNL, GOOGL |
| Q1 2025 | 15 | $167.3M | PBR.A, MAT, SHG, GOOGL, SBH |
| Q4 2024 | 14 | $107.9M | PBR.A, MAT, SKX, KR, TAP |