Theleme Partners LLP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Theleme Partners LLP reported 8 stock positions worth $2.0 billion. Its top holding was Moderna (MRNA) at 42.7% of the portfolio, followed by Schwab (charles) (SCHW, 16.9%) and Wells Fargo (WFC, 13.7%). Compared with Q1 2024, it opened 1 new position, added to 4 and reduced 3. The biggest buy was a new position in Equifax (EFX) and the biggest sale Wells Fargo (WFC, shares −21%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001511881
Portfolio Value
$2.0B (Q2 2024)
SEC Filing
0000919574-24-004526 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B Q1 2024 Q2 2024: $2.0B $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 8 stocks · $2.0B
MRNA Moderna Inc. 42.68% 7,226,861 $858.2M Reduce -1.3%
SCHW Schwab (charles) Corp. 16.88% 4,605,545 $339.4M Reduce -9.2%
WFC Wells Fargo & Co. 13.74% 4,651,610 $276.3M Reduce -21.3%
TRU Transunion 8.41% 2,281,159 $169.2M Add +64.7%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 7.26% 1,095,474 $146.0M Add +32.3%
SKX Skechers USA Inc. Class A 5.35% 1,555,000 $107.5M Add +38.2%
EFX Equifax Inc. 4.72% 391,088 $94.8M New
HDB HDFC Bank Ltd.-ADR 0.96% 301,000 $19.4M Add +42.6%

Options reported separately and not counted above: MRNA calls ($73.7M).

Portfolio Sells Q1 2024 → Q2 2024
WFC Wells Fargo & Co. Reduce -21.3% 13.74% −5.07
SCHW Schwab (charles) Corp. Reduce -9.2% 16.88% −3.28
MRNA Moderna Inc. Reduce -1.3% 42.68% −0.19

Portfolio Buys Q1 2024 → Q2 2024
EFX Equifax Inc. New 4.72% +4.72
TRU Transunion Add +64.7% 8.41% +2.34
SKX Skechers USA Inc. Class A Add +38.2% 5.35% +1.56
HDB HDFC Bank Ltd.-ADR Add +42.6% 0.96% +0.31
HRI Herc Holdings Inc. Add +32.3% 7.26% −0.39

Options Activity Q1 2024 → Q2 2024
MRNA Moderna Inc. call Reduce -99.6% 6,204 $73.7M

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