Trinity Street Asset Management LLP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Trinity Street Asset Management LLP reported 22 stock positions worth $1.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 20.9% of the portfolio, followed by Infosys Ltd.-SP ADR (INFY, 13.8%) and Ryanair Holdings PLC-SP ADR (RYAAY, 13.7%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 9 and reduced 11. The biggest buy was Infosys Ltd.-SP ADR (INFY, shares +46%) and the biggest sale Ryanair Holdings PLC-SP ADR (RYAAY, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001592579
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001592579-26-000003 ↗ filed Apr 24, 2026
Holdings Value
Holdings 22 stocks · $1.5B
| TSM Taiwan Semiconductor-SP ADR | 20.86% | 900,011 | $304.2M | Reduce -6.9% |
| INFY Infosys Ltd.-SP ADR | 13.84% | 14,938,546 | $201.8M | Add +45.5% |
| RYAAY Ryanair Holdings PLC-SP ADR | 13.70% | 3,456,749 | $199.8M | Reduce -6.1% |
| HDB HDFC Bank Ltd.-ADR | 13.18% | 7,724,700 | $192.2M | Add +27.3% |
| ICLR Icon PLC | 9.17% | 1,208,148 | $133.7M | Add +12.7% |
| GOOGL Alphabet Inc. Class A | 2.88% | 146,116 | $42.0M | Reduce -1.9% |
| MSFT Microsoft Corp. | 2.39% | 94,039 | $34.8M | Add +25.6% |
| AMZN Amazon.com Inc. | 2.20% | 153,838 | $32.0M | Add +4.1% |
| CLH Clean Harbors Inc. | 2.15% | 109,391 | $31.4M | Reduce -6.6% |
| NOC Northrop Grumman Corp. | 2.12% | 45,237 | $30.9M | Reduce -1.9% |
| COHR Coherent Corp. | 2.00% | 122,455 | $29.2M | Reduce -14.9% |
| NUE Nucor Corp. | 1.82% | 156,826 | $26.5M | Reduce -1.9% |
| CNH CNH Industrial NV | 1.81% | 2,394,337 | $26.3M | Reduce -1.9% |
| SARO Standardaero Inc. | 1.76% | 994,658 | $25.7M | New |
| EFX Equifax Inc. | 1.75% | 141,803 | $25.5M | Add +30.8% |
| UBER Uber Technologies Inc. | 1.67% | 337,572 | $24.3M | Add +16.8% |
| DHI D.R. Horton Inc. | 1.48% | 157,114 | $21.6M | Reduce -1.9% |
| CTSH Cognizant Tech Solutions-A | 1.37% | 326,432 | $20.0M | Reduce -1.9% |
| INTU Intuit Inc. | 1.37% | 46,109 | $19.9M | Add +18.9% |
| CI The Cigna Group | 1.36% | 74,304 | $19.8M | Reduce -1.9% |
| AMD Advanced Micro Devices | 0.71% | 50,963 | $10.4M | Add +43.3% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.42% | 60,763 | $6.1M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -6.1% | 13.70% | −2.99 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −1.80 |
| CTSH Cognizant Tech Solutions-A | Reduce -1.9% | 1.37% | −0.36 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 2.88% | −0.05 |
| DHI D.R. Horton Inc. | Reduce -1.9% | 1.48% | +0.03 |
| CI The Cigna Group | Reduce -1.9% | 1.36% | +0.05 |
| NUE Nucor Corp. | Reduce -1.9% | 1.82% | +0.18 |
| COHR Coherent Corp. | Reduce -14.9% | 2.00% | +0.33 |
| CNH CNH Industrial NV | Reduce -1.9% | 1.81% | +0.39 |
| CLH Clean Harbors Inc. | Reduce -6.6% | 2.15% | +0.42 |
| NOC Northrop Grumman Corp. | Reduce -1.9% | 2.12% | +0.46 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.9% | 20.86% | +2.40 |
Portfolio Buys Q4 2025 → Q1 2026
| INFY Infosys Ltd.-SP ADR | Add +45.5% | 13.84% | +2.35 |
| SARO Standardaero Inc. | New | 1.76% | +1.76 |
| EFX Equifax Inc. | Add +30.8% | 1.75% | +0.27 |
| AMD Advanced Micro Devices | Add +43.3% | 0.71% | +0.23 |
| UBER Uber Technologies Inc. | Add +16.8% | 1.67% | +0.18 |
| MSFT Microsoft Corp. | Add +25.6% | 2.39% | +0.11 |
| AMZN Amazon.com Inc. | Add +4.1% | 2.20% | +0.05 |
| INTU Intuit Inc. | Add +18.9% | 1.37% | −0.25 |
| HDB HDFC Bank Ltd.-ADR | Add +27.3% | 13.18% | −0.75 |
| ICLR Icon PLC | Add +12.7% | 9.17% | −3.11 |
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 |