Funds › Lansdowne Partners (UK) LLP › Q2 2018Lansdowne Partners (UK) LLP 13F holdings, Q2 2018 Lansdowne Partners (UK) LLP disclosed 47 US equity positions worth $9.7bn in its Q2 2018 13F filing. Its largest position is DAL at 14.4% of the reported book, followed by JPM and GOOGL. Versus Q1 2018 it opened 12 new positions, added to 18, reduced 9 and exited 7.
$9.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
47 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.4% Largest position The largest single position as a share of the reported equity book.
85.0% 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 Q1 2018: 12 new , 18 added , 9 reduced , 7 exited
47 rows
Stock Sector Weight Value Shares Δ shares Action DAL DELTA AIR LINES INC Industrials 14.4% $1.4bn 28.13m +9.6% added JPM JPMORGAN CHASE & CO Financial Services 13.9% $1.3bn 12.87m −4.9% reduced GOOGL ALPHABET INC Communication Services 10.8% $1.0bn 926,582 −2.3% reduced BAC BANK OF AMER CORP Financial Services 9.6% $929m 32.95m +3.0% added TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 8.1% $779m 21.31m −15% reduced AMZN AMAZON COM INC Consumer Cyclical 7.4% $718m 422,330 −40% reduced META META PLATFORMS INC Communication Services 6.8% $658m 3.39m +0.7% added C CITIGROUP INC Financial Services 6.0% $578m 8.64m −17% reduced TXN TEXAS INSTRS INC Technology 5.4% $520m 4.72m −1.8% reduced UAL UNITED AIRLINES HLDGS INC Industrials 2.6% $252m 3.61m – new AMAT APPLIED MATLS INC Technology 2.4% $234m 5.06m +84% added AAL AMERICAN AIRLINES GROUP INC Industrials 2.4% $227m 5.98m +253% added GRUBHUB INC no ticker – 2.2% $213m 2.03m +219% added SPOT SPOTIFY TECHNOLOGY S A Communication Services 2.0% $196m 1.16m – new MANCHESTER UTD PLC NEW no ticker – 1.1% $102m 4.94m 0.0% held UTXZ UNITED TECHNOLOGIES CORP – 0.9% $86.9m 694,903 +201% added BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.5% $46.2m 248,954 +1109% added CVE Cenovus Energy Inc Energy 0.5% $44.7m 4.31m +115% added OCEAN RIG UDW INC no ticker – 0.4% $35.4m 1.20m – new APC3EUR ANADARKO PETE CORP – 0.3% $33.0m 451,116 +111% added BTU PEABODY ENERGY CORP Energy 0.3% $31.4m 690,902 +102% added HCC WARRIOR MET COAL INC Basic Materials 0.3% $30.2m 1.09m +69% added CYTK CYTOKINETICS INC Healthcare 0.2% $22.0m 2.65m 0.0% held ENSCO PLC no ticker – 0.2% $21.4m 2.95m – new FSLR FIRST SOLAR INC Technology 0.2% $17.1m 325,582 +147% added KEP KOREA ELEC PWR CORP Utilities 0.2% $15.7m 1.09m – new ETN EATON CORP PLC Industrials 0.1% $14.3m 191,344 +119% added DHT DHT HOLDINGS INC Energy 0.1% $12.1m 2.58m +185% added CRM SALESFORCE INC Technology 0.08% $7.9m 57,827 −20% reduced EOG EOG Resources Inc Energy 0.07% $6.8m 54,699 – new IR INGERSOLL-RAND PLC Industrials 0.07% $6.7m 75,134 +26% added BARCLAYS BK PLC no ticker – 0.06% $6.1m 164,821 – new UNH UNITEDHEALTH GROUP INC Healthcare 0.05% $5.3m 21,457 0.0% held GSM FERROGLOBE PLC Basic Materials 0.04% $4.3m 502,910 – new SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.04% $3.9m 1.60m 0.0% held SWK STANLEY BLACK & DECKER INC Industrials 0.04% $3.6m 27,471 0.0% held BKNG BOOKING HOLDINGS INC Consumer Cyclical 0.03% $3.3m 1,623 0.0% held MSFT MICROSOFT CORP Technology 0.03% $3.2m 32,058 – new INTC INTEL CORP Technology 0.03% $2.4m 49,080 – new ADBE ADOBE INC Technology 0.02% $2.1m 8,629 −34% reduced ZAYOEUR ZAYO GROUP HLDGS INC – 0.02% $2.1m 56,641 0.0% held OPTU OPTIMUM COMMUNICATIONS INC Communication Services 0.02% $1.7m 100,000 – new MELI MERCADOLIBRE Consumer Cyclical 0.01% $1.4m 4,845 0.0% held MSGN MSG NETWORK INC – 0.01% $1.4m 56,889 −54% reduced DBX DROPBOX INC Technology 0.01% $1.1m 33,600 +68% added DISH DISH NETWORK CORPORATION – 0.01% $861k 25,610 +55% added SPWRQ SUNPOWER CORP – 0.01% $855k 111,415 – new
Exited since Q1 2018 7 rows
Stock Prior weight Prior value MONSANTO CO NEW no ticker 1.0% $95.7m PYPL PAYPAL HLDGS INC 0.5% $44.3m JCI JOHNSON CONTROLS INTERNATION 0.07% $6.7m MU MICRON TECHNOLOGY INC 0.04% $3.7m LPG DORIAN LPG LTD 0.03% $2.4m ADNT ADIENT PLC 0.01% $1.2m AKS1EUR AK STL HLDG CORP 0.01% $1.1m
Sector mix Financial Services 29.5% Communication Services 19.7% Industrials 19.6% Technology 16.2% Consumer Cyclical 8.0% Unclassified 5.2% Energy 1.0% Basic Materials 0.4% Healthcare 0.3% Utilities 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