Theleme Partners LLP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Theleme Partners LLP reported 11 stock positions worth $1.5 billion. Its top holding was Moderna (MRNA) at 20.4% of the portfolio, followed by Bank of America (BAC, 17.7%) and Wells Fargo (WFC, 12.5%). Compared with Q3 2024, it opened 4 new positions, sold out of 3, added to 3 and reduced 2. The biggest buy was a new position in Bank of America (BAC) and the biggest sale an exit from Schwab (charles) (SCHW).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001511881
Portfolio Value
$1.5B (Q4 2024)
SEC Filing
0000919574-25-001195 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.5B $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 11 stocks · $1.5B
MRNA Moderna Inc. 20.36% 7,306,861 $303.8M Add +1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 17.66% 5,994,300 $263.4M New
WFC Wells Fargo & Co. 12.54% 2,663,000 $187.0M New
AMZN Amazon.com Inc. 12.50% 850,000 $186.5M Add +28.8%
EFX Equifax Inc. 12.18% 713,088 $181.7M Add +19.2%
TRU Transunion 9.20% 1,480,357 $137.2M Reduce -32.9%
SKX Skechers USA Inc. Class A 7.01% 1,555,000 $104.6M No change
UBER Uber Technologies Inc. 5.07% 1,253,750 $75.6M New
HDB HDFC Bank Ltd.-ADR 2.14% 500,800 $32.0M Reduce -2.5%
SONY Sony Group Corp. - SP ADR 1.31% 925,000 $19.6M No change
SARO Standardaero Inc. 0.03% 20,000 $495K New

Portfolio Sells Q3 2024 → Q4 2024
SCHW Schwab (charles) Corp. Sold out 0.00% −16.06
HRI Herc Holdings Inc. Sold out 0.00% −9.95
SHW The Sherwin-Williams Co. Sold out 0.00% −5.21
TRU Transunion Reduce -32.9% 9.20% −4.41
HDB HDFC Bank Ltd.-ADR Reduce -2.5% 2.14% +0.25

Portfolio Buys Q3 2024 → Q4 2024
BAC Bank of America Corp. New 17.66% +17.66
WFC Wells Fargo & Co. New 12.54% +12.54
AMZN Amazon.com Inc. Add +28.8% 12.50% +5.25
UBER Uber Technologies Inc. New 5.07% +5.07
EFX Equifax Inc. Add +19.2% 12.18% +1.82
SARO Standardaero Inc. New 0.03% +0.03
MRNA Moderna Inc. Add +1.1% 20.36% −8.11

Options Activity Q3 2024 → Q4 2024
MRNA Moderna Inc. call Sold out 7,972 $53.3Mbefore exit

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