Funds › Lansdowne Partners (UK) LLP › Q1 2015Lansdowne Partners (UK) LLP 13F holdings, Q1 2015 Lansdowne Partners (UK) LLP disclosed 56 US equity positions worth $11.1bn in its Q1 2015 13F filing. Its largest position is JPM at 11.3% of the reported book, followed by CMCSA and GS. Versus Q4 2014 it opened 25 new positions, added to 14, reduced 14 and exited 13.
$11.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.3% Largest position The largest single position as a share of the reported equity book.
88.2% Top 10 weight The ten largest positions together, as a share of the reported equity book.
12 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 Q4 2014: 25 new , 14 added , 14 reduced , 13 exited
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Stock Sector Weight Value Shares Δ shares Action JPM JPMORGAN CHASE & CO Financial Services 11.3% $1.3bn 20.68m +9.2% added CMCSA COMCAST CORP NEW Communication Services 11.0% $1.2bn 21.71m −12% reduced GS GOLDMAN SACHS GROUP INC Financial Services 10.7% $1.2bn 6.31m +13% added DAL DELTA AIR LINES INC Industrials 10.0% $1.1bn 24.76m +7.1% added WFC WELLS FARGO & CO Financial Services 9.8% $1.1bn 20.09m +46% added DIS DISNEY WALT CO Communication Services 7.9% $881m 8.40m +3.5% added NKE NIKE INC Consumer Cyclical 7.9% $880m 8.77m −5.0% reduced V VISA INC Financial Services 7.4% $828m 12.66m +923% added LBEUR L BRANDS INC – 6.5% $720m 7.64m +16% added AMZN AMAZON COM INC Consumer Cyclical 5.7% $632m 1.70m −38% reduced LINKEDIN CORP no ticker – 2.4% $261m 1.05m −39% reduced NFLX NETFLIX INC. Communication Services 2.2% $242m 580,136 −11% reduced ACCENTURE PLC IRELAND no ticker – 2.1% $233m 2.49m +17955% added AXP AMERICAN EXPRESS CO Financial Services 1.8% $205m 2.63m −60% reduced SYY SYSCO CORP Consumer Defensive 0.7% $80.7m 2.14m – new MANCHESTER UTD PLC NEW no ticker – 0.6% $62.5m 3.93m 0.0% held AAPL APPLE INC Technology 0.5% $54.7m 439,970 – new CME CME GROUP INC Financial Services 0.2% $17.3m 183,063 – new CYTK CYTOKINETICS INC Healthcare 0.1% $15.7m 2.32m 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.1% $12.1m 249,152 −97% reduced SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.1% $11.5m 930,000 – new C CITIGROUP INC Financial Services 0.10% $11.0m 213,209 −74% reduced KWEUR KENNEDY-WILSON HOLDINGS INC – 0.10% $10.7m 407,848 −25% reduced OXFORD IMMUNOTEC GLOBAL PLC no ticker – 0.09% $10.2m 722,354 +38% added MADISON SQUARE GARDEN CO no ticker – 0.07% $8.3m 98,353 +7.4% added ETRA E TRADE FINANCIAL CORP Healthcare 0.07% $7.8m 271,783 −82% reduced MTG MGIC INVT CORP WIS Financial Services 0.07% $7.4m 768,238 −61% reduced SPRINGLEAF HLDGS INC no ticker – 0.06% $7.0m 135,071 – new GOOGLE INC no ticker – 0.06% $6.4m 11,476 +42% added UPS UNITED PARCEL SERVICE INC Industrials 0.04% $4.8m 49,039 +42% added NEE NEXTERA ENERGY INC Utilities 0.03% $3.6m 35,057 – new OSG OCTAVE SPECIALTY GROUP INC Financial Services 0.03% $3.5m 146,396 −50% reduced ETN EATON CORP PLC Industrials 0.03% $3.1m 45,367 – new SOLARCITY CORP no ticker – 0.02% $2.7m 53,064 – new ITC HLDGS CORP no ticker – 0.02% $2.7m 72,073 – new AES AES CORP Utilities 0.02% $2.5m 195,958 – new D DOMINION ENERGY INC Utilities 0.02% $2.2m 30,471 – new PH PARKER-HANNIFIN CORP Industrials 0.02% $2.0m 16,694 – new RESPONSE GENETICS INC no ticker – 0.02% $1.7m 3.81m 0.0% held EXC EXELON CORP Utilities 0.01% $1.6m 48,079 – new IACIEUR IAC INTERACTIVECORP – 0.01% $1.5m 22,055 – new CRM SALESFORCE INC Technology 0.01% $1.4m 21,470 – new JD JD.COM INC Consumer Cyclical 0.01% $1.2m 40,709 +97% added EIX EDISON INTL Utilities 0.01% $1.1m 18,402 – new KING DIGITAL ENTMT PLC no ticker – 0.01% $1.1m 65,922 +23% added TWTRUSD TWITTER INC – 0.01% $992k 19,802 −98% reduced REGIEUR RENEWABLE ENERGY GROUP INC – 0.01% $924k 100,242 – new UTXZ UNITED TECHNOLOGIES CORP – 0.01% $796k 6,793 – new SPWRQ SUNPOWER CORP – 0.01% $762k 24,344 – new TRMB TRIMBLE INC Technology 0.0% $447k 17,745 −52% reduced
Exited since Q4 2014 Sector mix Financial Services 41.4% Communication Services 21.2% Consumer Cyclical 13.6% Unclassified 12.0% Industrials 10.1% Consumer Defensive 0.7% Technology 0.5% Healthcare 0.3% Utilities 0.10% 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