Trinity Street Asset Management LLP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 5, 2024), Trinity Street Asset Management LLP reported 16 stock positions worth $1.1 billion. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 20.0% of the portfolio, followed by Icon (ICLR, 19.3%) and Ryanair Holdings PLC-SP ADR (RYAAY, 15.2%). Compared with Q1 2024, it opened 2 new positions, sold out of 4, added to 8 and reduced 6. The biggest buy was a new position in Nucor (NUE) and the biggest sale Ryanair Holdings PLC-SP ADR (RYAAY, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.1B (Q2 2024)
- SEC Filing
- 0001592579-24-000005 ↗ filed Jul 5, 2024
Holdings Value
Holdings 16 stocks · $1.1B
| HDB HDFC Bank Ltd.-ADR | 20.02% | 3,527,200 | $226.9M | Reduce -1.4% |
| ICLR Icon PLC | 19.30% | 697,515 | $218.7M | Reduce -5.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 15.17% | 1,476,500 | $171.9M | Reduce -6.2% |
| TSM Taiwan Semiconductor-SP ADR | 13.94% | 908,705 | $157.9M | Reduce -24.3% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 8.32% | 1,664,811 | $94.2M | Reduce -24.2% |
| GOOGL Alphabet Inc. Class A | 3.38% | 210,499 | $38.3M | Add +0.9% |
| AMZN Amazon.com Inc. | 2.81% | 164,697 | $31.8M | Add +1.3% |
| CLH Clean Harbors Inc. | 2.30% | 115,238 | $26.1M | Add +1.5% |
| CI The Cigna Group | 2.22% | 76,014 | $25.1M | Add +1.2% |
| MSFT Microsoft Corp. | 2.15% | 54,397 | $24.3M | Add +1.2% |
| ABNB Airbnb Inc. Class A | 2.09% | 156,127 | $23.7M | Add +1.2% |
| RL Ralph Lauren Corp. | 1.88% | 121,734 | $21.3M | Reduce -14.2% |
| NUE Nucor Corp. | 1.70% | 121,539 | $19.2M | New |
| NOC Northrop Grumman Corp. | 1.67% | 43,500 | $19.0M | Add +1.0% |
| BBWI Bath & Body Works Inc. | 1.54% | 446,746 | $17.4M | Add +44.1% |
| CNH CNH Industrial NV | 1.52% | 1,702,319 | $17.2M | New |
Portfolio Sells Q1 2024 → Q2 2024
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -6.2% | 15.17% | −3.16 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −2.02 |
| HOLX Hologic Inc. | Sold out | 0.00% | −1.62 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −1.55 |
| KB KB Financial Group Inc.-ADR | Reduce -24.2% | 8.32% | −0.83 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.72 |
| ICLR Icon PLC | Reduce -5.3% | 19.30% | −0.49 |
| RL Ralph Lauren Corp. | Reduce -14.2% | 1.88% | −0.25 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.3% | 13.94% | +0.88 |
| HDB HDFC Bank Ltd.-ADR | Reduce -1.4% | 20.02% | +4.01 |
Portfolio Buys Q1 2024 → Q2 2024
| NUE Nucor Corp. | New | 1.70% | +1.70 |
| CNH CNH Industrial NV | New | 1.52% | +1.52 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 3.38% | +0.86 |
| CLH Clean Harbors Inc. | Add +1.5% | 2.30% | +0.47 |
| AMZN Amazon.com Inc. | Add +1.3% | 2.81% | +0.46 |
| MSFT Microsoft Corp. | Add +1.2% | 2.15% | +0.34 |
| BBWI Bath & Body Works Inc. | Add +44.1% | 1.54% | +0.30 |
| ABNB Airbnb Inc. Class A | Add +1.2% | 2.09% | +0.05 |
| CI The Cigna Group | Add +1.2% | 2.22% | +0.04 |
| NOC Northrop Grumman Corp. | Add +1.0% | 1.67% | +0.02 |
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 |