Funds › Lansdowne Partners (UK) LLP › Q3 2017Lansdowne Partners (UK) LLP 13F holdings, Q3 2017 Lansdowne Partners (UK) LLP disclosed 45 US equity positions worth $9.5bn in its Q3 2017 13F filing. Its largest position is JPM at 20.1% of the reported book, followed by DAL and BAC. Versus Q2 2017 it opened 8 new positions, added to 13, reduced 17 and exited 6.
$9.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.1% Largest position The largest single position as a share of the reported equity book.
94.2% Top 10 weight The ten largest positions together, as a share of the reported equity book.
9 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 2017: 8 new , 13 added , 17 reduced , 6 exited
45 rows
Stock Sector Weight Value Shares Δ shares Action JPM JPMORGAN CHASE & CO Financial Services 20.1% $1.9bn 19.96m −12% reduced DAL DELTA AIR LINES INC Industrials 13.4% $1.3bn 26.42m −7.5% reduced BAC BANK OF AMER CORP Financial Services 12.6% $1.2bn 47.19m −12% reduced TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 10.3% $974m 25.94m +38% added GOOGL ALPHABET INC Communication Services 9.7% $921m 946,153 −13% reduced META META PLATFORMS INC Communication Services 9.5% $905m 5.29m +8.9% added AMZN AMAZON COM INC Consumer Cyclical 7.4% $704m 732,212 −48% reduced C CITIGROUP INC Financial Services 5.3% $502m 6.90m +3.9% added PYPL PAYPAL HLDGS INC Financial Services 4.1% $388m 6.06m +84% added HAS HASBRO INC Consumer Cyclical 1.7% $158m 1.62m −33% reduced DATA TABLEAU SOFTWARE INC – 1.4% $130m 1.74m – new MANCHESTER UTD PLC NEW no ticker – 0.9% $88.9m 4.94m 0.0% held CYTK CYTOKINETICS INC Healthcare 0.4% $38.4m 2.65m 0.0% held WDC WESTERN DIGITAL CORP. Technology 0.3% $24.4m 282,698 +34% added ADNT ADIENT PLC Consumer Cyclical 0.2% $22.5m 267,424 +25% added CVE Cenovus Energy Inc Energy 0.2% $21.6m 2.16m – new SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.2% $20.0m 1.60m +72% added UTXZ UNITED TECHNOLOGIES CORP – 0.2% $20.0m 172,389 +134% added ETN EATON CORP PLC Industrials 0.2% $19.7m 256,343 +563% added JCI JOHNSON CONTROLS INTERNATION Industrials 0.2% $18.6m 462,577 −40% reduced BKR BAKER HUGHES COMPANY Energy 0.2% $15.2m 416,358 – new URI UNITED RENTALS INC Industrials 0.2% $15.0m 108,313 – new FSLR FIRST SOLAR INC Technology 0.2% $14.6m 319,033 −13% reduced HCC WARRIOR MET COAL INC Basic Materials 0.1% $13.7m 582,335 −21% reduced CRM SALESFORCE INC Technology 0.1% $10.3m 110,377 −6.6% reduced BTU PEABODY ENERGY CORP Energy 0.08% $7.9m 273,681 +2.9% added ACCENTURE PLC IRELAND no ticker – 0.08% $7.9m 58,572 0.0% held PRICELINE GRP INC no ticker – 0.07% $6.8m 3,735 +19% added BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.07% $6.6m 37,944 −24% reduced SPY SPDR S&P 500 ETF Trust – 0.07% $6.3m 25,000 – new 8POINT3 ENERGY PARTNERS LP no ticker – 0.07% $6.2m 415,412 −3.8% reduced UNH UNITEDHEALTH GROUP INC Healthcare 0.06% $5.7m 28,996 0.0% held UPS UNITED PARCEL SERVICE INC Industrials 0.03% $3.3m 27,492 0.0% held SWK STANLEY BLACK & DECKER INC Industrials 0.03% $3.2m 21,165 +67% added CMCSA COMCAST CORP NEW Communication Services 0.03% $3.2m 82,323 −100% reduced IR INGERSOLL-RAND PLC Industrials 0.03% $2.9m 32,530 +61% added MSGN MSG NETWORK INC – 0.03% $2.6m 123,853 −23% reduced HONGBP HONEYWELL INTL INC – 0.03% $2.5m 17,431 −17% reduced ADBE ADOBE INC Technology 0.02% $2.3m 15,661 0.0% held TXN TEXAS INSTRS INC Technology 0.02% $2.0m 22,635 – new SYY SYSCO CORP Consumer Defensive 0.02% $2.0m 37,461 −34% reduced LBEUR L BRANDS INC – 0.02% $1.9m 45,385 −98% reduced BARCLAYS BK PLC no ticker – 0.02% $1.8m 45,749 – new ALLERGAN PLC no ticker – 0.01% $822k 4,010 0.0% held AES AES CORP Utilities 0.0% $148k 13,464 – new
Exited since Q2 2017 6 rows
Stock Prior weight Prior value NKE NIKE INC 0.9% $104m DIS DISNEY WALT CO 0.8% $91.1m CNQ CANADIAN NAT RES LTD MED TER 0.1% $15.5m BARCLAYS BK PLC no ticker 0.06% $6.9m ENIC ENEL CHILE S.A. 0.01% $1.4m WBA WALGREENS BOOTS ALLIANCE INC 0.01% $1.2m
Sector mix Financial Services 42.1% Communication Services 19.3% Industrials 14.1% Technology 10.8% Consumer Cyclical 9.4% Unclassified 2.9% Healthcare 0.7% Energy 0.5% Basic Materials 0.1% Consumer Defensive 0.02% Utilities 0.0% 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