Trinity Street Asset Management LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), Trinity Street Asset Management LLP reported 15 stock positions worth $1.0 billion. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 21.3% of the portfolio, followed by Icon (ICLR, 20.1%) and Ryanair Holdings PLC-SP ADR (RYAAY, 16.9%). Compared with Q2 2024, it sold out of 1, added to 10 and reduced 5. The biggest buy was Ryanair Holdings PLC-SP ADR (RYAAY, shares +154%) and the biggest sale KB Financial Group Inc.-ADR (KB, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.0B (Q3 2024)
- SEC Filing
- 0001592579-24-000009 ↗ filed Oct 25, 2024
Holdings Value
Holdings 15 stocks · $1.0B
| HDB HDFC Bank Ltd.-ADR | 21.34% | 3,421,700 | $214.1M | Reduce -3.0% |
| ICLR Icon PLC | 20.09% | 701,457 | $201.5M | Add +0.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 16.92% | 3,755,750 | $169.7M | Add +154.4% |
| TSM Taiwan Semiconductor-SP ADR | 15.26% | 881,505 | $153.1M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 3.28% | 176,491 | $32.9M | Add +7.2% |
| GOOGL Alphabet Inc. Class A | 2.98% | 180,137 | $29.9M | Reduce -14.4% |
| CLH Clean Harbors Inc. | 2.97% | 123,432 | $29.8M | Add +7.1% |
| CI The Cigna Group | 2.81% | 81,411 | $28.2M | Add +7.1% |
| MSFT Microsoft Corp. | 2.50% | 58,331 | $25.1M | Add +7.2% |
| NOC Northrop Grumman Corp. | 2.45% | 46,581 | $24.6M | Add +7.1% |
| NUE Nucor Corp. | 2.37% | 158,035 | $23.8M | Add +30.0% |
| ABNB Airbnb Inc. Class A | 2.12% | 167,378 | $21.2M | Add +7.2% |
| CNH CNH Industrial NV | 2.02% | 1,824,981 | $20.3M | Add +7.2% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 1.56% | 253,663 | $15.7M | Reduce -84.8% |
| RL Ralph Lauren Corp. | 1.33% | 68,752 | $13.3M | Reduce -43.5% |
Portfolio Sells Q2 2024 → Q3 2024
| KB KB Financial Group Inc.-ADR | Reduce -84.8% | 1.56% | −6.76 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −1.54 |
| RL Ralph Lauren Corp. | Reduce -43.5% | 1.33% | −0.55 |
| GOOGL Alphabet Inc. Class A | Reduce -14.4% | 2.98% | −0.41 |
| HDB HDFC Bank Ltd.-ADR | Reduce -3.0% | 21.34% | +1.32 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.0% | 15.26% | +1.32 |
Portfolio Buys Q2 2024 → Q3 2024
| RYAAY Ryanair Holdings PLC-SP ADR | Add +154.4% | 16.92% | +1.74 |
| ICLR Icon PLC | Add +0.6% | 20.09% | +0.80 |
| NOC Northrop Grumman Corp. | Add +7.1% | 2.45% | +0.78 |
| CLH Clean Harbors Inc. | Add +7.1% | 2.97% | +0.67 |
| NUE Nucor Corp. | Add +30.0% | 2.37% | +0.67 |
| CI The Cigna Group | Add +7.1% | 2.81% | +0.59 |
| CNH CNH Industrial NV | Add +7.2% | 2.02% | +0.50 |
| AMZN Amazon.com Inc. | Add +7.2% | 3.28% | +0.47 |
| MSFT Microsoft Corp. | Add +7.2% | 2.50% | +0.36 |
| ABNB Airbnb Inc. Class A | Add +7.2% | 2.12% | +0.03 |
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 |