Funds › Lansdowne Partners (UK) LLP › Q1 2018Lansdowne Partners (UK) LLP 13F holdings, Q1 2018 Lansdowne Partners (UK) LLP disclosed 42 US equity positions worth $9.4bn in its Q1 2018 13F filing. Its largest position is JPM at 15.8% of the reported book, followed by DAL and TSM. Versus Q4 2017 it opened 11 new positions, added to 8, reduced 18 and exited 13.
$9.4bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
42 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.8% Largest position The largest single position as a share of the reported equity book.
93.7% 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 Q4 2017: 11 new , 8 added , 18 reduced , 13 exited
42 rows
Stock Sector Weight Value Shares Δ shares Action JPM JPMORGAN CHASE & CO Financial Services 15.8% $1.5bn 13.52m −28% reduced DAL DELTA AIR LINES INC Industrials 14.9% $1.4bn 25.67m −2.8% reduced TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 11.6% $1.1bn 25.00m −3.8% reduced AMZN AMAZON COM INC Consumer Cyclical 10.8% $1.0bn 701,847 −7.2% reduced GOOGL ALPHABET INC Communication Services 10.4% $984m 948,490 −6.7% reduced BAC BANK OF AMER CORP Financial Services 10.2% $960m 32.00m −27% reduced C CITIGROUP INC Financial Services 7.5% $706m 10.45m +5.5% added META META PLATFORMS INC Communication Services 5.7% $538m 3.36m +20% added TXN TEXAS INSTRS INC Technology 5.3% $499m 4.81m +27% added AMAT APPLIED MATLS INC Technology 1.6% $153m 2.74m −62% reduced MONSANTO CO NEW no ticker – 1.0% $95.7m 820,000 +26% added MANCHESTER UTD PLC NEW no ticker – 1.0% $94.9m 4.94m 0.0% held AAL AMERICAN AIRLINES GROUP INC Industrials 0.9% $88.1m 1.70m – new GRUBHUB INC no ticker – 0.7% $64.8m 638,190 +3976% added PYPL PAYPAL HLDGS INC Financial Services 0.5% $44.3m 583,512 −85% reduced UTXZ UNITED TECHNOLOGIES CORP – 0.3% $29.1m 230,970 −16% reduced SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.2% $20.6m 1.60m 0.0% held CYTK CYTOKINETICS INC Healthcare 0.2% $19.1m 2.65m 0.0% held HCC WARRIOR MET COAL INC Basic Materials 0.2% $18.1m 647,619 −8.9% reduced CVE Cenovus Energy Inc Energy 0.2% $17.1m 2.00m +15% added APC3EUR ANADARKO PETE CORP – 0.1% $12.9m 214,009 – new BTU PEABODY ENERGY CORP Energy 0.1% $12.5m 342,687 −25% reduced FSLR FIRST SOLAR INC Technology 0.10% $9.3m 131,549 −58% reduced CRM SALESFORCE INC Technology 0.09% $8.4m 72,531 −28% reduced ETN EATON CORP PLC Industrials 0.07% $7.0m 87,255 −6.1% reduced JCI JOHNSON CONTROLS INTERNATION Industrials 0.07% $6.7m 191,340 −63% reduced IR INGERSOLL-RAND PLC Industrials 0.05% $5.1m 59,443 +23% added UNH UNITEDHEALTH GROUP INC Healthcare 0.05% $4.6m 21,457 −20% reduced SWK STANLEY BLACK & DECKER INC Industrials 0.04% $4.2m 27,463 0.0% held BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.04% $3.8m 20,595 – new MU MICRON TECHNOLOGY INC Technology 0.04% $3.7m 71,340 +46% added BKNG BOOKING HOLDINGS INC Consumer Cyclical 0.04% $3.4m 1,623 – new DHT DHT HOLDINGS INC Energy 0.03% $3.1m 904,544 – new ADBE ADOBE INC Technology 0.03% $2.8m 13,129 −16% reduced MSGN MSG NETWORK INC – 0.03% $2.8m 123,853 0.0% held LPG DORIAN LPG LTD Energy 0.03% $2.4m 321,600 – new ZAYOEUR ZAYO GROUP HLDGS INC – 0.02% $1.9m 56,641 – new MELI MERCADOLIBRE Consumer Cyclical 0.02% $1.7m 4,845 – new ADNT ADIENT PLC Consumer Cyclical 0.01% $1.2m 19,254 −82% reduced AKS1EUR AK STL HLDG CORP – 0.01% $1.1m 250,000 – new DISH DISH NETWORK CORPORATION – 0.01% $628k 16,571 – new DBX DROPBOX INC Technology 0.01% $625k 20,000 – new
Exited since Q4 2017 Sector mix Financial Services 33.9% Technology 18.8% Communication Services 16.1% Industrials 16.1% Consumer Cyclical 10.9% Unclassified 3.2% Healthcare 0.5% Energy 0.4% 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