Funds › Lansdowne Partners (UK) LLP › Q3 2016Lansdowne Partners (UK) LLP 13F holdings, Q3 2016 Lansdowne Partners (UK) LLP disclosed 39 US equity positions worth $11.5bn in its Q3 2016 13F filing. Its largest position is JPM at 13.9% of the reported book, followed by CMCSA and AMZN. Versus Q2 2016 it opened 11 new positions, added to 10, reduced 9 and exited 13.
$11.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.9% Largest position The largest single position as a share of the reported equity book.
94.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
10 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 2016: 11 new , 10 added , 9 reduced , 13 exited
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Stock Sector Weight Value Shares Δ shares Action JPM JPMORGAN CHASE & CO Financial Services 13.9% $1.6bn 23.96m +1.8% added CMCSA COMCAST CORP NEW Communication Services 13.8% $1.6bn 23.89m −2.4% reduced AMZN AMAZON COM INC Consumer Cyclical 13.1% $1.5bn 1.80m −14% reduced NKE NIKE INC Consumer Cyclical 9.5% $1.1bn 20.71m +12% added GOOGL ALPHABET INC Communication Services 9.3% $1.1bn 1.33m −0.6% reduced DAL DELTA AIR LINES INC Industrials 9.1% $1.1bn 26.76m +1.1% added DIS DISNEY WALT CO Communication Services 7.7% $890m 9.59m +1.3% added LBEUR L BRANDS INC – 6.9% $791m 11.18m +1.0% added META META PLATFORMS INC Communication Services 6.0% $692m 5.40m −3.3% reduced V VISA INC Financial Services 5.4% $622m 7.52m +1.7% added C CITIGROUP INC Financial Services 3.2% $373m 7.89m – new MANCHESTER UTD PLC NEW no ticker – 0.7% $83.4m 4.94m 0.0% held CYTK CYTOKINETICS INC Healthcare 0.2% $21.3m 2.32m 0.0% held UTXZ UNITED TECHNOLOGIES CORP – 0.1% $15.0m 147,597 −19% reduced JCI JOHNSON CONTROLS INTERNATION Industrials 0.1% $14.2m 305,434 – new IR INGERSOLL-RAND PLC Industrials 0.1% $13.5m 198,253 +63% added ETN EATON CORP PLC Industrials 0.08% $9.5m 145,252 – new SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.07% $8.4m 930,000 0.0% held CNQ CANADIAN NAT RES LTD MED TER Energy 0.07% $8.0m 250,882 – new CRM SALESFORCE INC Technology 0.07% $7.8m 109,087 +23% added PRICELINE GRP INC no ticker – 0.06% $6.5m 4,418 – new UPS UNITED PARCEL SERVICE INC Industrials 0.05% $6.1m 55,592 0.0% held LINKEDIN CORP no ticker – 0.05% $5.9m 30,866 0.0% held ACCENTURE PLC IRELAND no ticker – 0.05% $5.4m 43,907 0.0% held AES AES CORP Utilities 0.05% $5.3m 409,151 – new SYY SYSCO CORP Consumer Defensive 0.05% $5.3m 107,145 0.0% held UNH UNITEDHEALTH GROUP INC Healthcare 0.04% $4.1m 28,996 −44% reduced MSGN MSG NETWORK INC – 0.03% $3.0m 160,256 +75% added BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.03% $2.9m 27,421 −29% reduced BWA BORGWARNER INC Consumer Cyclical 0.02% $2.8m 80,825 – new FITEUR FITBIT INC – 0.02% $2.5m 165,069 0.0% held MTCH MATCH GROUP INC Communication Services 0.02% $2.3m 130,549 0.0% held REYNOLDS AMERICAN INC no ticker – 0.02% $2.0m 43,248 −31% reduced BAC BANK OF AMER CORP Financial Services 0.01% $1.3m 80,000 – new KO COCA COLA CO Consumer Defensive 0.01% $1.2m 27,630 −50% reduced AMD ADVANCED MICRO DEVICES INC Technology 0.01% $760k 110,000 – new JUNO THERAPEUTICS INC no ticker – 0.01% $604k 20,125 – new SPWRQ SUNPOWER CORP – 0.0% $443k 49,685 +26% added ZELTIQ AESTHETICS INC no ticker – 0.0% $292k 7,455 – new
Exited since Q2 2016 Sector mix Communication Services 36.8% Consumer Cyclical 22.6% Financial Services 22.5% Industrials 9.5% Unclassified 8.0% Healthcare 0.3% Technology 0.07% Energy 0.07% Consumer Defensive 0.06% Utilities 0.05% 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