Theleme Partners LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Theleme Partners LLP reported 7 stock positions worth $1.8 billion. Its top holding was Moderna (MRNA) at 42.9% of the portfolio, followed by Schwab (charles) (SCHW, 20.2%) and Wells Fargo (WFC, 18.8%). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 1 and reduced 3. The biggest buy was a new position in Transunion (TRU) and the biggest sale an exit from Taiwan Semiconductor-SP ADR (TSM).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001511881
Portfolio Value
$1.8B (Q1 2024)
SEC Filing
0000919574-24-002899 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B $1.8B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 7 stocks · $1.8B
MRNA Moderna Inc. 42.87% 7,321,797 $780.2M Reduce -0.4%
SCHW Schwab (charles) Corp. 20.15% 5,070,545 $366.8M Reduce -9.9%
WFC Wells Fargo & Co. 18.81% 5,906,610 $342.3M Reduce -15.7%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 7.66% 827,891 $139.3M Add +1.2%
TRU Transunion 6.07% 1,385,159 $110.5M New
SKX Skechers USA Inc. Class A 3.79% 1,125,000 $68.9M No change
HDB HDFC Bank Ltd.-ADR 0.65% 211,000 $11.8M New

Options reported separately and not counted above: MRNA calls ($153.4M).

Portfolio Sells Q4 2023 → Q1 2024
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −5.22
TSEM Tower Semiconductor Ltd. Sold out 0.00% −3.57
URI United Rentals Inc. Sold out 0.00% −3.53
IBN Icici Bank Ltd.-Spon ADR Sold out 0.00% −0.42
SCHW Schwab (charles) Corp. Reduce -9.9% 20.15% −0.27
WFC Wells Fargo & Co. Reduce -15.7% 18.81% +0.63
MRNA Moderna Inc. Reduce -0.4% 42.87% +4.33

Portfolio Buys Q4 2023 → Q1 2024
TRU Transunion New 6.07% +6.07
HRI Herc Holdings Inc. Add +1.2% 7.66% +1.24
HDB HDFC Bank Ltd.-ADR New 0.65% +0.65

Options Activity Q4 2023 → Q1 2024
MRNA Moderna Inc. call Reduce -28.5% 1,440,000 $153.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$1.7BMRNA, META, UBER, AMZN, TRU
Q1 2026 9$1.5BMRNA, META, UBER, TRU, AMZN
Q4 2025 9$1.5BMETA, MRNA, FLUT, TRU, WFC
Q3 2025 10$1.6BMETA, WFC, MRNA, TRU, UBER
Q2 2025 10$1.6BMRNA, WFC, META, TRU, FLUT
Q1 2025 12$1.3BMRNA, AMZN, WFC, TRU, EFX
Q4 2024 11$1.5BMRNA, BAC, WFC, AMZN, EFX
Q3 2024 10$1.7BMRNA, SCHW, TRU, EFX, HRI
Q2 2024 8$2.0BMRNA, SCHW, WFC, TRU, HRI
Q1 2024 7$1.8BMRNA, SCHW, WFC, HRI, TRU