Lansdowne Partners: 13F holdings, Q2 2026
Concentrated value · SEC EDGAR filings (CIK 0001608485) · Explore on the interactive board
Lansdowne Partners disclosed 26 US equity positions worth $2.9bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is TSM at 36.3% of the reported book, followed by ARM, ADI. The top ten holdings are 95.2% of the book, and the portfolio behaves like about 5 equal-weight positions. Versus the prior filing it opened 5 new positions, added to 9, reduced 10 and exited 1.
What does Lansdowne Partners own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 5 new, 9 added, 10 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 36.3% | $1.1bn | 1,475,803 | 10% | added |
| 2 | ARM ARM HOLDINGS PLC | Technology | 22.4% | $656.0m | 1,072,493 | 15% | added |
| 3 | ADI ANALOG DEVICES INC | Technology | 13.5% | $395.4m | 574,537 | -13% | reduced |
| 4 | DAL DELTA AIR LINES INC | Industrials | 5.5% | $159.7m | 2,471,261 | -1% | reduced |
| 5 | UAL UNITED AIRLS HLDGS INC | Industrials | 4.6% | $135.9m | 1,549,179 | 1% | added |
| 6 | LIN LINDE PLC | Basic Materials | 4.2% | $123.8m | 238,619 | -47% | reduced |
| 7 | SLB SLB LIMITED | Energy | 3.1% | $89.6m | 2,560,073 | -13% | reduced |
| 8 | BKR BAKER HUGHES COMPANY | Energy | 2.1% | $61.8m | 2,494,112 | 6087% | added |
| 9 | AMZN AMAZON COM INC | Consumer Cyclical | 2.1% | $61.6m | 132,969 | 71% | added |
| 10 | IONQ IONQ INC | Technology | 1.3% | $39.1m | 966,433 | 21% | added |
| 11 | GOLF ACUSHNET HLDGS CORP | Consumer Cyclical | 1.0% | $30.4m | 513,572 | -2% | reduced |
| 12 | ETN EATON CORP PLC | Industrials | 0.9% | $27.7m | 33,865 | -74% | reduced |
| 13 | SW SMURFIT WESTROCK PLC | Consumer Cyclical | 0.5% | $16.1m | 347,795 | -81% | reduced |
| 14 | B BARRICK MNG CORP | Basic Materials | 0.5% | $15.1m | 411,335 | 20% | added |
| 15 | NVT NVENT ELEC PLC | Industrials | 0.4% | $12.1m | 71,122 | – | new |
| 16 | A AGILENT TECHNOLOGIES INC | Healthcare | 0.4% | $11.8m | 88,569 | – | new |
| 17 | ROK ROCKWELL AUTOMATION INC | Industrials | 0.3% | $7.7m | 9,146 | -35% | reduced |
| 18 | MDT MEDTRONIC PLC | Healthcare | 0.2% | $6.9m | 88,839 | 0% | held |
| 19 | SENSATA TECHNOLOGIES HLDG PL | 0.2% | $6.7m | 140,290 | – | new | |
| 20 | TXN TEXAS INSTRS INC | Technology | 0.1% | $3.4m | 92,578 | 1% | added |
| 21 | TECK TECK RESOURCES LTD | Basic Materials | 0.1% | $1.8m | 310,564 | -85% | reduced |
| 22 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.0% | $720.9k | 4,647 | 0% | held |
| 23 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.0% | $469.9k | 1,268 | -10% | reduced |
| 24 | LAMR LAMAR ADVERTISING CO | Real Estate | 0.0% | $285.1k | 1,828 | – | new |
| 25 | OUT OUTFRONT MEDIA INC | Real Estate | 0.0% | $281.1k | 8,581 | – | new |
| 26 | RAL RALLIANT CORP | Technology | 0.0% | $275.1k | 197,849 | 1% | added |
What did Lansdowne Partners sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| ALC ALCON AG | 100.0% | $10.1m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 73.7% |
| Industrials | 11.7% |
| Energy | 5.2% |
| Basic Materials | 4.8% |
| Consumer Cyclical | 3.7% |
| Healthcare | 0.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 67 | $2.9bn |
| Q1 2026 | 65 | $1.9bn |
| Q4 2025 | 71 | $1.5bn |
| Q3 2025 | 54 | $1.4bn |
| Q2 2025 | 51 | $985.7m |
| Q1 2025 | 47 | $927.9m |
| Q4 2024 | 57 | $2.1bn |
| Q3 2024 | 58 | $2.0bn |
| Q2 2024 | 62 | $1.2bn |
| Q1 2024 | 71 | $1.4bn |
| Q4 2023 | 74 | $1.1bn |
| Q3 2023 | 81 | $1.7bn |
| Q2 2023 | 55 | $1.0bn |
| Q1 2023 | 54 | $826.2m |
| Q4 2022 | 42 | $652.8m |
| Q3 2022 | 47 | $578.6m |
Earliest filing: Q2 2014 · 48 quarters on file
How concentrated is Lansdowne Partners's portfolio?
Across every quarter Lansdowne Partners has filed, its median largest position is 22.2% of the book and its median top-ten weight is 91.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 347 completed holding spells, the median lasted 2.0 quarters; 26 positions are still open and their final length is unknown.