Lancaster Investment Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Lancaster Investment Management disclosed 8 US equity positions worth $195.0m in its Q4 2025 13F filing. The largest position was ALV at 35.8% of the reported book, followed by LBTYB and FLUTTER ENTER-DI. Against the Q3 2025 filing, it opened 1 new position, added to 2 and reduced 4 among the top 8 holdings.
What did Lancaster Investment Management own in Q4 2025? Top 8 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ALV AUTOLIV INC | Consumer Cyclical | 35.8% | $69.8m | 587,831 | -4% | reduced |
| 2 | LBTYB LIBERTY GLOBAL-A | 20.6% | $40.2m | 3,604,640 | -13% | reduced | |
| 3 | FLUTTER ENTER-DI | 14.2% | $27.7m | 128,988 | -19% | reduced | |
| 4 | DKS DICK'S SPORTING | Consumer Cyclical | 9.5% | $18.5m | 93,619 | -34% | reduced |
| 5 | HDB HDFC BANK-ADR | Financial Services | 8.8% | $17.1m | 467,502 | 1% | added |
| 6 | MANCHESTER UNI-A | 7.3% | $14.3m | 899,416 | 1% | added | |
| 7 | NKE NIKE INC -CL B | Consumer Cyclical | 3.0% | $5.8m | 90,300 | – | new |
| 8 | GLRE GREENLIGHT CAP-A | Financial Services | 0.8% | $1.6m | 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.