Funds › Lansdowne Partners (UK) LLP › Q3 2015Lansdowne Partners (UK) LLP 13F holdings, Q3 2015 Lansdowne Partners (UK) LLP disclosed 54 US equity positions worth $11.8bn in its Q3 2015 13F filing. Its largest position is CMCSA at 13.3% of the reported book, followed by DAL and JPM. Versus Q2 2015 it opened 16 new positions, added to 15, reduced 10 and exited 17.
$11.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
54 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.3% Largest position The largest single position as a share of the reported equity book.
90.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
11 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 Q2 2015: 16 new , 15 added , 10 reduced , 17 exited
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Stock Sector Weight Value Shares Δ shares Action CMCSA COMCAST CORP NEW Communication Services 13.3% $1.6bn 27.75m +17% added DAL DELTA AIR LINES INC Industrials 10.1% $1.2bn 26.57m +0.1% held JPM JPMORGAN CHASE & CO Financial Services 9.7% $1.1bn 18.86m −11% reduced GS GOLDMAN SACHS GROUP INC Financial Services 9.4% $1.1bn 6.44m +0.8% added NKE NIKE INC Consumer Cyclical 8.9% $1.0bn 8.53m +2.3% added LBEUR L BRANDS INC – 8.7% $1.0bn 11.45m +40% added V VISA INC Financial Services 8.4% $998m 14.33m +10% added AMZN AMAZON COM INC Consumer Cyclical 8.0% $943m 1.84m +7.2% added DIS DISNEY WALT CO Communication Services 7.5% $887m 8.68m +4.4% added WFC WELLS FARGO & CO Financial Services 6.3% $751m 14.62m −7.8% reduced ACCENTURE PLC IRELAND no ticker – 4.5% $531m 5.40m +7.5% added LINKEDIN CORP no ticker – 1.9% $224m 1.18m +11% added TMUS T-MOBILE US INC Communication Services 1.0% $117m 2.94m 0.0% held MANCHESTER UTD PLC NEW no ticker – 0.6% $67.5m 3.93m 0.0% held XLE SELECT SECTOR SPDR TR – 0.2% $25.8m 422,155 – new CME CME GROUP INC Financial Services 0.2% $20.9m 225,015 +11% added CYTK CYTOKINETICS INC Healthcare 0.1% $15.5m 2.32m 0.0% held AAPL APPLE INC Technology 0.1% $12.6m 114,077 – new GOOGLE INC no ticker – 0.09% $10.2m 16,041 −13% reduced OXFORD IMMUNOTEC GLOBAL PLC no ticker – 0.08% $9.8m 722,354 0.0% held C CITIGROUP INC Financial Services 0.08% $9.7m 196,127 0.0% held SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.08% $9.7m 930,000 0.0% held FITEUR FITBIT INC – 0.07% $8.5m 225,026 +6.6% added KWEUR KENNEDY-WILSON HOLDINGS INC – 0.05% $6.4m 289,078 0.0% held ETRA E TRADE FINANCIAL CORP Healthcare 0.05% $6.3m 237,964 0.0% held SPRINGLEAF HLDGS INC no ticker – 0.05% $5.7m 130,493 −14% reduced MSGN MSG NETWORK INC – 0.04% $5.2m 71,455 – new HDB HDFC BANK LTD Financial Services 0.04% $4.6m 74,696 – new IACIEUR IAC INTERACTIVECORP – 0.03% $4.1m 63,242 0.0% held CCL CARNIVAL CORP Consumer Cyclical 0.03% $4.0m 81,153 +158% added SYY SYSCO CORP Consumer Defensive 0.03% $4.0m 102,545 +93% added SUNEDISON SEMICONDUCTOR LTD no ticker – 0.03% $3.7m 353,814 – new NEE NEXTERA ENERGY INC Utilities 0.03% $3.6m 36,939 −41% reduced BAC BANK OF AMER CORP Financial Services 0.03% $3.4m 216,112 – new UPS UNITED PARCEL SERVICE INC Industrials 0.03% $3.3m 33,371 −24% reduced KKR & CO L P DEL no ticker – 0.03% $3.1m 186,069 – new PEPCO HOLDINGS INC no ticker – 0.02% $2.8m 116,800 – new IR INGERSOLL-RAND PLC Industrials 0.02% $2.8m 54,944 +14% added HAIN HAIN CELESTIAL GROUP INC Consumer Defensive 0.02% $2.6m 50,142 0.0% held ITC HLDGS CORP no ticker – 0.02% $2.6m 76,724 – new XLU SELECT SECTOR SPDR TR – 0.02% $2.3m 52,278 −25% reduced SOLARCITY CORP no ticker – 0.02% $2.1m 49,818 −14% reduced LYV LIVE NATION ENTERTAINMENT IN Communication Services 0.02% $2.1m 87,615 +87% added USO UNITED STATES OIL FUND LP – 0.02% $1.8m 124,455 – new CRM SALESFORCE INC Technology 0.01% $1.6m 22,523 −40% reduced RCL ROYAL CARIBBEAN CRUISES LTD Consumer Cyclical 0.01% $1.5m 16,354 – new MDLZ MONDELEZ INTL INC Consumer Defensive 0.01% $1.4m 34,500 – new FSLR FIRST SOLAR INC Technology 0.01% $1.3m 31,453 −31% reduced BANK AMER CORP no ticker – 0.01% $1.3m 227,136 – new BLUE BUFFALO PET PRODS INC no ticker – 0.01% $1.1m 62,500 – new
Exited since Q2 2015 Sector mix Financial Services 34.2% Communication Services 21.8% Consumer Cyclical 16.9% Unclassified 16.5% Industrials 10.1% Healthcare 0.3% Technology 0.1% Consumer Defensive 0.08% Utilities 0.03% 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