Trinity Street Asset Management LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Trinity Street Asset Management LLP reported 18 stock positions worth $1.3 billion. Its top holding was Icon (ICLR) at 19.8% of the portfolio, followed by Ryanair Holdings PLC-SP ADR (RYAAY, 18.3%) and HDFC Bank Ltd.-ADR (HDB, 16.0%). Compared with Q4 2023, it opened 1 new position, added to 15 and reduced 2. The biggest buy was a new position in HDFC Bank Ltd.-ADR (HDB) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.3B (Q1 2024)
- SEC Filing
- 0001592579-24-000003 ↗ filed Apr 12, 2024
Holdings Value
Holdings 18 stocks · $1.3B
| ICLR Icon PLC | 19.79% | 736,385 | $247.4M | Add +2.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 18.33% | 1,574,300 | $229.2M | Add +1.9% |
| HDB HDFC Bank Ltd.-ADR | 16.02% | 3,577,400 | $200.2M | New |
| TSM Taiwan Semiconductor-SP ADR | 13.06% | 1,200,103 | $163.3M | Reduce -10.0% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 9.15% | 2,196,201 | $114.4M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 2.52% | 208,657 | $31.5M | Add +2.0% |
| AMZN Amazon.com Inc. | 2.35% | 162,655 | $29.3M | Add +2.0% |
| CI The Cigna Group | 2.18% | 75,087 | $27.3M | Add +2.0% |
| RL Ralph Lauren Corp. | 2.13% | 141,909 | $26.6M | Add +2.0% |
| ABNB Airbnb Inc. Class A | 2.03% | 154,213 | $25.4M | Add +2.0% |
| QCOM Qualcomm Inc. | 2.02% | 149,060 | $25.2M | Add +2.0% |
| CLH Clean Harbors Inc. | 1.83% | 113,560 | $22.9M | Add +2.0% |
| MSFT Microsoft Corp. | 1.81% | 53,748 | $22.6M | Add +8.9% |
| NOC Northrop Grumman Corp. | 1.65% | 43,064 | $20.6M | Add +2.0% |
| HOLX Hologic Inc. | 1.62% | 260,491 | $20.3M | Add +2.0% |
| LMT Lockheed Martin Corp. | 1.55% | 42,624 | $19.4M | Add +2.0% |
| BBWI Bath & Body Works Inc. | 1.24% | 310,001 | $15.5M | Add +2.0% |
| CIEN Ciena Corp. | 0.72% | 182,215 | $9.0M | Reduce -51.2% |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| HDB HDFC Bank Ltd.-ADR | New | 16.02% | +16.02 |
| RL Ralph Lauren Corp. | Add +2.0% | 2.13% | −0.10 |
| BBWI Bath & Body Works Inc. | Add +2.0% | 1.24% | −0.22 |
| ABNB Airbnb Inc. Class A | Add +2.0% | 2.03% | −0.25 |
| MSFT Microsoft Corp. | Add +8.9% | 1.81% | −0.26 |
| CI The Cigna Group | Add +2.0% | 2.18% | −0.27 |
| QCOM Qualcomm Inc. | Add +2.0% | 2.02% | −0.33 |
| CLH Clean Harbors Inc. | Add +2.0% | 1.83% | −0.33 |
| AMZN Amazon.com Inc. | Add +2.0% | 2.35% | −0.35 |
| HOLX Hologic Inc. | Add +2.0% | 1.62% | −0.41 |
| NOC Northrop Grumman Corp. | Add +2.0% | 1.65% | −0.55 |
| LMT Lockheed Martin Corp. | Add +2.0% | 1.55% | −0.56 |
| GOOGL Alphabet Inc. Class A | Add +2.0% | 2.52% | −0.66 |
| KB KB Financial Group Inc.-ADR | Add +2.1% | 9.15% | −0.75 |
| ICLR Icon PLC | Add +2.3% | 19.79% | −2.88 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +1.9% | 18.33% | −4.58 |
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 |