Trinity Street Asset Management LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 10, 2026), Trinity Street Asset Management LLP reported 23 stock positions worth $1.9 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 22.9% of the portfolio, followed by Icon (ICLR, 13.7%) and Smurfit Westrock (SW, 12.5%). Compared with Q1 2026, it opened 1 new position, added to 6 and reduced 16. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale Infosys Ltd.-SP ADR (INFY, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.9B (Q2 2026)
- SEC Filing
- 0001592579-26-000004 ↗ filed Jul 10, 2026
Holdings Value
Holdings 23 stocks · $1.9B
| TSM Taiwan Semiconductor-SP ADR | 22.89% | 930,851 | $444.5M | Add +3.4% |
| ICLR Icon PLC filed as ICON PUB LTD CO | 13.74% | 1,535,462 | $266.7M | Add +27.1% |
| SW Smurfit Westrock PLC | 12.53% | 5,261,555 | $243.4M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 11.90% | 3,567,449 | $231.0M | Add +3.2% |
| HDB HDFC Bank Ltd.-ADR | 8.64% | 6,493,800 | $167.7M | Reduce -15.9% |
| INFY Infosys Ltd.-SP ADR | 7.07% | 13,079,146 | $137.2M | Reduce -12.4% |
| GOOGL Alphabet Inc. Class A | 2.56% | 139,098 | $49.7M | Reduce -4.8% |
| AMZN Amazon.com Inc. | 1.80% | 146,998 | $35.0M | Reduce -4.5% |
| MSFT Microsoft Corp. | 1.73% | 89,847 | $33.5M | Reduce -4.5% |
| NUE Nucor Corp. | 1.70% | 148,518 | $33.1M | Reduce -5.3% |
| COHR Coherent Corp. | 1.68% | 82,479 | $32.5M | Reduce -32.6% |
| CNH CNH Industrial NV | 1.55% | 2,673,464 | $30.0M | Add +11.7% |
| CLH Clean Harbors Inc. | 1.51% | 97,925 | $29.3M | Reduce -10.5% |
| SARO Standardaero Inc. | 1.46% | 949,492 | $28.4M | Reduce -4.5% |
| AMD Advanced Micro Devices | 1.46% | 48,702 | $28.3M | Reduce -4.4% |
| DHI D.R. Horton Inc. | 1.26% | 150,163 | $24.5M | Reduce -4.4% |
| UBER Uber Technologies Inc. | 1.20% | 322,528 | $23.3M | Reduce -4.5% |
| EFX Equifax Inc. | 1.19% | 145,540 | $23.1M | Add +2.6% |
| NOC Northrop Grumman Corp. | 1.13% | 43,246 | $22.0M | Reduce -4.4% |
| CI The Cigna Group | 1.01% | 71,012 | $19.6M | Reduce -4.4% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.79% | 146,667 | $15.4M | Add +141.4% |
| CTSH Cognizant Tech Solutions-A | 0.62% | 311,959 | $12.1M | Reduce -4.4% |
| INTU Intuit Inc. | 0.59% | 44,025 | $11.5M | Reduce -4.5% |
Portfolio Sells Q1 2026 → Q2 2026
| INFY Infosys Ltd.-SP ADR | Reduce -12.4% | 7.07% | −6.78 |
| HDB HDFC Bank Ltd.-ADR | Reduce -15.9% | 8.64% | −4.54 |
| NOC Northrop Grumman Corp. | Reduce -4.4% | 1.13% | −0.98 |
| INTU Intuit Inc. | Reduce -4.5% | 0.59% | −0.78 |
| CTSH Cognizant Tech Solutions-A | Reduce -4.4% | 0.62% | −0.75 |
| MSFT Microsoft Corp. | Reduce -4.5% | 1.73% | −0.66 |
| CLH Clean Harbors Inc. | Reduce -10.5% | 1.51% | −0.64 |
| UBER Uber Technologies Inc. | Reduce -4.5% | 1.20% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -4.5% | 1.80% | −0.39 |
| CI The Cigna Group | Reduce -4.4% | 1.01% | −0.35 |
| COHR Coherent Corp. | Reduce -32.6% | 1.68% | −0.33 |
| GOOGL Alphabet Inc. Class A | Reduce -4.8% | 2.56% | −0.32 |
| SARO Standardaero Inc. | Reduce -4.5% | 1.46% | −0.30 |
| DHI D.R. Horton Inc. | Reduce -4.4% | 1.26% | −0.22 |
| NUE Nucor Corp. | Reduce -5.3% | 1.70% | −0.12 |
| AMD Advanced Micro Devices | Reduce -4.4% | 1.46% | +0.75 |
Portfolio Buys Q1 2026 → Q2 2026
| SW Smurfit Westrock PLC | New | 12.53% | +12.53 |
| ICLR Icon PLC | Add +27.1% | 13.74% | +4.57 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.4% | 22.89% | +2.03 |
| KB KB Financial Group Inc.-ADR | Add +141.4% | 0.79% | +0.38 |
| CNH CNH Industrial NV | Add +11.7% | 1.55% | −0.26 |
| EFX Equifax Inc. | Add +2.6% | 1.19% | −0.56 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +3.2% | 11.90% | −1.81 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 23 | $1.9B | TSM, ICLR, SW, RYAAY, HDB |
| Q1 2026 | 22 | $1.5B | TSM, INFY, RYAAY, HDB, ICLR |
| Q4 2025 | 22 | $1.6B | TSM, RYAAY, HDB, ICLR, INFY |
| Q3 2025 | 21 | $1.5B | TSM, RYAAY, HDB, INFY, ICLR |
| Q2 2025 | 20 | $1.5B | HDB, TSM, RYAAY, INFY, ICLR |
| Q1 2025 | 16 | $988.0M | HDB, RYAAY, TSM, ICLR, MSFT |
| Q4 2024 | 14 | $1.0B | HDB, TSM, ICLR, RYAAY, GOOGL |
| Q3 2024Amended | 15 | $1.0B | HDB, ICLR, RYAAY, TSM, AMZN |
| Q2 2024 | 16 | $1.1B | HDB, ICLR, RYAAY, TSM, KB |
| Q1 2024 | 18 | $1.3B | ICLR, RYAAY, HDB, TSM, KB |