Funds › Lansdowne Partners (UK) LLP › Q4 2014Lansdowne Partners (UK) LLP 13F holdings, Q4 2014 Lansdowne Partners (UK) LLP disclosed 44 US equity positions worth $11.1bn in its Q4 2014 13F filing. Its largest position is CMCSA at 12.9% of the reported book, followed by JPM and DAL. Versus Q3 2014 it opened 10 new positions, added to 15, reduced 15 and exited 9.
$11.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.9% Largest position The largest single position as a share of the reported equity book.
83.5% Top 10 weight The ten largest positions together, as a share of the reported equity book.
13 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
49 Quarters on file since Q2 2014 Quarters for which this manager's 13F holdings are on record. Holdings Against Q3 2014: 10 new , 15 added , 15 reduced , 9 exited
44 rows
Stock Sector Weight Value Shares Δ shares Action CMCSA COMCAST CORP NEW Communication Services 12.9% $1.4bn 24.77m −8.1% reduced JPM JPMORGAN CHASE & CO Financial Services 10.7% $1.2bn 18.95m −16% reduced DAL DELTA AIR LINES INC Industrials 10.2% $1.1bn 23.11m −12% reduced GS GOLDMAN SACHS GROUP INC Financial Services 9.7% $1.1bn 5.59m +23% added NKE NIKE INC Consumer Cyclical 8.0% $888m 9.24m +4.6% added AMZN AMAZON COM INC Consumer Cyclical 7.6% $849m 2.73m +10% added DIS DISNEY WALT CO Communication Services 6.9% $764m 8.11m +1.2% added WFC WELLS FARGO & CO Financial Services 6.8% $756m 13.78m −4.3% reduced AXP AMERICAN EXPRESS CO Financial Services 5.5% $608m 6.54m +241% added LBEUR L BRANDS INC – 5.1% $568m 6.56m +31% added VZ VERIZON COMMUNICATIONS INC Communication Services 3.6% $400m 8.54m −4.9% reduced LINKEDIN CORP no ticker – 3.5% $391m 1.70m −17% reduced V VISA INC Financial Services 2.9% $324m 1.24m +651% added NFLX NETFLIX INC. Communication Services 2.0% $223m 652,621 +1.5% added WHOLE FOODS MKT INC no ticker – 0.6% $68.2m 1.35m +2.1% added MANCHESTER UTD PLC NEW no ticker – 0.6% $62.5m 3.93m +5.4% added BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.4% $43.9m 422,438 −76% reduced C CITIGROUP INC Financial Services 0.4% $43.7m 806,748 +8.6% added AAL AMERICAN AIRLINES GROUP INC Industrials 0.4% $40.2m 749,765 – new ETRA E TRADE FINANCIAL CORP Healthcare 0.3% $35.6m 1.47m +8.3% added TWTRUSD TWITTER INC – 0.3% $34.0m 946,990 +2.8% added LAZ LAZARD LTD Financial Services 0.2% $21.9m 437,865 −42% reduced ESNT ESSENT GROUP LTD Financial Services 0.2% $19.9m 774,303 −14% reduced CYTK CYTOKINETICS INC Healthcare 0.2% $18.6m 2.32m 0.0% held MTG MGIC INVT CORP WIS Financial Services 0.2% $18.2m 1.95m −7.2% reduced IBN ICICI BANK LIMITED Financial Services 0.1% $14.8m 1.28m – new KWEUR KENNEDY-WILSON HOLDINGS INC – 0.1% $13.8m 545,709 −15% reduced RL RALPH LAUREN CORP Consumer Cyclical 0.09% $10.2m 55,000 – new CFG CITIZENS FINL GROUP INC Financial Services 0.07% $8.2m 330,506 −59% reduced OSG OCTAVE SPECIALTY GROUP INC Financial Services 0.06% $7.2m 293,089 −68% reduced OXFORD IMMUNOTEC GLOBAL PLC no ticker – 0.06% $7.1m 522,354 0.0% held MADISON SQUARE GARDEN CO no ticker – 0.06% $6.9m 91,612 0.0% held LCEUR LENDINGCLUB CORP – 0.04% $4.5m 176,535 – new GOOGLE INC no ticker – 0.04% $4.3m 8,080 −99% reduced UPS UNITED PARCEL SERVICE INC Industrials 0.03% $3.8m 34,507 +18% added BARCLAYS BK PLC no ticker – 0.01% $1.7m 52,707 – new ACCENTURE PLC IRELAND no ticker – 0.01% $1.2m 13,782 – new RESPONSE GENETICS INC no ticker – 0.01% $1.2m 3.81m 0.0% held TRMB TRIMBLE INC Technology 0.01% $972k 36,627 −77% reduced KING DIGITAL ENTMT PLC no ticker – 0.01% $821k 53,462 +118% added JD JD.COM INC Consumer Cyclical 0.0% $479k 20,700 – new NEWREUR NEW RELIC INC – 0.0% $465k 13,334 – new HDP1 HORTONWORKS INC – 0.0% $450k 16,666 – new TRAVELPORT WORLDWIDE LTD no ticker – 0.0% $283k 15,700 – new
Exited since Q3 2014 Sector mix Financial Services 36.8% Communication Services 25.4% Consumer Cyclical 16.1% Industrials 10.6% Unclassified 10.5% Healthcare 0.5% Technology 0.01% Book over time Every quarter on file (49) Where Lansdowne Partners (UK) LLP was early Concentration and tenure
18.1% Median largest position, all quarters The largest single position as a share of the reported equity book.
90.3% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
2 Median completed holding, quarters