Funds › Lansdowne Partners (UK) LLP › Q4 2017Lansdowne Partners (UK) LLP 13F holdings, Q4 2017 Lansdowne Partners (UK) LLP disclosed 44 US equity positions worth $10.7bn in its Q4 2017 13F filing. Its largest position is JPM at 18.7% of the reported book, followed by DAL and BAC. Versus Q3 2017 it opened 8 new positions, added to 13, reduced 13 and exited 9.
$10.7bn 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.
18.7% Largest position The largest single position as a share of the reported equity book.
91.1% 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 Q3 2017: 8 new , 13 added , 13 reduced , 9 exited
44 rows
Stock Sector Weight Value Shares Δ shares Action JPM JPMORGAN CHASE & CO Financial Services 18.7% $2.0bn 18.67m −6.5% reduced DAL DELTA AIR LINES INC Industrials 13.8% $1.5bn 26.39m −0.1% held BAC BANK OF AMER CORP Financial Services 12.0% $1.3bn 43.64m −7.5% reduced GOOGL ALPHABET INC Communication Services 10.0% $1.1bn 1.02m +7.4% added TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 9.6% $1.0bn 25.99m +0.2% held AMZN AMAZON COM INC Consumer Cyclical 8.3% $885m 756,413 +3.3% added C CITIGROUP INC Financial Services 6.9% $737m 9.90m +43% added META META PLATFORMS INC Communication Services 4.6% $495m 2.81m −47% reduced TXN TEXAS INSTRS INC Technology 3.7% $394m 3.77m +16574% added AMAT APPLIED MATLS INC Technology 3.5% $371m 7.26m – new PYPL PAYPAL HLDGS INC Financial Services 2.7% $287m 3.90m −36% reduced DATA TABLEAU SOFTWARE INC – 1.1% $120m 1.73m −0.3% held LEN LENNAR CORP Consumer Cyclical 0.9% $101m 1.60m – new MANCHESTER UTD PLC NEW no ticker – 0.9% $97.8m 4.94m 0.0% held MONSANTO CO NEW no ticker – 0.7% $76.3m 653,251 – new UTXZ UNITED TECHNOLOGIES CORP – 0.3% $35.0m 273,999 +59% added CYTK CYTOKINETICS INC Healthcare 0.2% $21.6m 2.65m 0.0% held FSLR FIRST SOLAR INC Technology 0.2% $21.2m 314,612 −1.4% reduced JCI JOHNSON CONTROLS INTERNATION Industrials 0.2% $20.0m 523,817 +13% added BTU PEABODY ENERGY CORP Energy 0.2% $18.1m 459,734 +68% added HCC WARRIOR MET COAL INC Basic Materials 0.2% $17.9m 710,908 +22% added SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.2% $17.7m 1.60m 0.0% held CVE Cenovus Energy Inc Energy 0.1% $15.9m 1.74m −19% reduced URI UNITED RENTALS INC Industrials 0.1% $13.9m 80,604 −26% reduced 8POINT3 ENERGY PARTNERS LP no ticker – 0.10% $10.4m 685,838 +65% added CRM SALESFORCE INC Technology 0.10% $10.3m 100,597 −8.9% reduced ADNT ADIENT PLC Consumer Cyclical 0.08% $8.5m 108,437 −59% reduced ETN EATON CORP PLC Industrials 0.07% $7.3m 92,943 −64% reduced UPS UNITED PARCEL SERVICE INC Industrials 0.06% $6.3m 52,559 +91% added UNH UNITEDHEALTH GROUP INC Healthcare 0.06% $5.9m 26,774 −7.7% reduced AAPL APPLE INC Technology 0.05% $5.8m 34,535 – new SWK STANLEY BLACK & DECKER INC Industrials 0.04% $4.7m 27,463 +30% added LIBERTY MEDIA CORP DEL no ticker – 0.04% $4.7m 136,400 – new IR INGERSOLL-RAND PLC Industrials 0.04% $4.3m 48,142 +48% added PRICELINE GRP INC no ticker – 0.03% $3.2m 1,868 −50% reduced LBEUR L BRANDS INC – 0.03% $3.2m 53,793 +19% added ADBE ADOBE INC Technology 0.03% $2.7m 15,661 0.0% held MSGN MSG NETWORK INC – 0.02% $2.5m 123,853 0.0% held MU MICRON TECHNOLOGY INC Technology 0.02% $2.0m 48,800 – new LEN/B LENNAR CORP – 0.02% $1.7m 32,159 – new BARCLAYS BK PLC no ticker – 0.01% $1.3m 45,749 0.0% held WDC WESTERN DIGITAL CORP. Technology 0.01% $1.2m 15,324 −95% reduced GRUBHUB INC no ticker – 0.01% $1.1m 15,659 – new ALLERGAN PLC no ticker – 0.01% $656k 4,010 0.0% held
Exited since Q3 2017 Sector mix Financial Services 40.3% Technology 17.2% Communication Services 14.6% Industrials 14.3% Consumer Cyclical 9.3% Unclassified 3.3% Healthcare 0.4% Energy 0.3% Basic Materials 0.2% 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