Lancaster Investment Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Lancaster Investment Management disclosed 8 US equity positions worth $233.3m in its Q3 2025 13F filing. The largest position was ALV at 32.5% of the reported book, followed by LBTYB and FLUTTER ENTER-DI. Against the Q2 2025 filing, it opened 2 new positions, added to 1 and reduced 3 among the top 8 holdings.
What did Lancaster Investment Management own in Q3 2025? Top 8 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ALV AUTOLIV INC | Consumer Cyclical | 32.5% | $75.7m | 613,054 | -33% | reduced |
| 2 | LBTYB LIBERTY GLOBAL-A | 20.4% | $47.6m | 4,153,818 | -8% | reduced | |
| 3 | FLUTTER ENTER-DI | 17.4% | $40.5m | 159,393 | -57% | reduced | |
| 4 | DKS DICK'S SPORTING | Consumer Cyclical | 13.5% | $31.6m | 141,987 | – | new |
| 5 | HDB HDFC BANK-ADR | Financial Services | 6.8% | $15.8m | 462,000 | 100% | added |
| 6 | MANCHESTER UNI-A | 5.8% | $13.5m | 890,351 | 0% | held | |
| 7 | TXG 10X GENOMICS I-A | Healthcare | 3.1% | $7.3m | 621,779 | – | new |
| 8 | GLRE GREENLIGHT CAP-A | Financial Services | 0.6% | $1.4m | 110,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.