Trinity Street Asset Management LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Trinity Street Asset Management LLP reported 14 stock positions worth $1.0 billion. Its top holding was HDFC Bank Ltd.-ADR (HDB) at 23.0% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 18.4%) and Icon (ICLR, 17.3%). Compared with Q3 2024, it sold out of 1, added to 11 and reduced 3. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +8%) and the biggest sale an exit from Ralph Lauren (RL).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.0B (Q4 2024)
- SEC Filing
- 0001592579-25-000001 ↗ filed Jan 15, 2025
Holdings Value
Holdings 14 stocks · $1.0B
| HDB HDFC Bank Ltd.-ADR | 23.03% | 3,674,300 | $234.6M | Add +7.4% |
| TSM Taiwan Semiconductor-SP ADR | 18.37% | 947,805 | $187.2M | Add +7.5% |
| ICLR Icon PLC | 17.28% | 839,765 | $176.1M | Add +19.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 17.03% | 3,980,848 | $173.5M | Add +6.0% |
| GOOGL Alphabet Inc. Class A | 3.48% | 187,231 | $35.4M | Add +3.9% |
| AMZN Amazon.com Inc. | 3.35% | 155,788 | $34.2M | Reduce -11.7% |
| MSFT Microsoft Corp. | 2.57% | 62,200 | $26.2M | Add +6.6% |
| CLH Clean Harbors Inc. | 2.49% | 110,040 | $25.3M | Reduce -10.8% |
| ABNB Airbnb Inc. Class A | 2.42% | 187,762 | $24.7M | Add +12.2% |
| CI The Cigna Group | 2.35% | 86,766 | $24.0M | Add +6.6% |
| NOC Northrop Grumman Corp. | 2.23% | 48,367 | $22.7M | Add +3.8% |
| CNH CNH Industrial NV | 2.11% | 1,898,129 | $21.5M | Add +4.0% |
| NUE Nucor Corp. | 1.93% | 168,425 | $19.7M | Add +6.6% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 1.36% | 243,647 | $13.9M | Reduce -4.0% |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| TSM Taiwan Semiconductor-SP ADR | Add +7.5% | 18.37% | +3.11 |
| HDB HDFC Bank Ltd.-ADR | Add +7.4% | 23.03% | +1.69 |
| GOOGL Alphabet Inc. Class A | Add +3.9% | 3.48% | +0.50 |
| ABNB Airbnb Inc. Class A | Add +12.2% | 2.42% | +0.31 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +6.0% | 17.03% | +0.11 |
| CNH CNH Industrial NV | Add +4.0% | 2.11% | +0.09 |
| MSFT Microsoft Corp. | Add +6.6% | 2.57% | +0.07 |
| NOC Northrop Grumman Corp. | Add +3.8% | 2.23% | −0.22 |
| NUE Nucor Corp. | Add +6.6% | 1.93% | −0.44 |
| CI The Cigna Group | Add +6.6% | 2.35% | −0.46 |
| ICLR Icon PLC | Add +19.7% | 17.28% | −2.81 |
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 |