Funds › Lansdowne Partners (UK) LLP › Q3 2018Lansdowne Partners (UK) LLP 13F holdings, Q3 2018 Lansdowne Partners (UK) LLP disclosed 39 US equity positions worth $8.6bn in its Q3 2018 13F filing. Its largest position is DAL at 17.6% of the reported book, followed by JPM and TSM. Versus Q2 2018 it opened 2 new positions, added to 13, reduced 15 and exited 10.
$8.6bn 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.
17.6% Largest position The largest single position as a share of the reported equity book.
82.0% Top 10 weight The ten largest positions together, as a share of the reported equity book.
12 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 2018: 2 new , 13 added , 15 reduced , 10 exited
39 rows
Stock Sector Weight Value Shares Δ shares Action DAL DELTA AIR LINES INC Industrials 17.6% $1.5bn 26.34m −6.4% reduced JPM JPMORGAN CHASE & CO Financial Services 10.5% $904m 8.01m −38% reduced TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 10.2% $882m 19.98m −6.2% reduced BAC BANK OF AMER CORP Financial Services 9.4% $812m 27.58m −16% reduced AMZN AMAZON COM INC Consumer Cyclical 6.5% $564m 281,642 −33% reduced C CITIGROUP INC Financial Services 6.5% $558m 7.77m −10% reduced GOOGL ALPHABET INC Communication Services 6.4% $551m 456,235 −51% reduced TXN TEXAS INSTRS INC Technology 5.8% $497m 4.63m −1.8% reduced UAL UNITED AIRLINES HLDGS INC Industrials 5.4% $465m 5.22m +45% added GRUBHUB INC no ticker – 3.8% $325m 2.35m +15% added AAL AMERICAN AIRLINES GROUP INC Industrials 3.5% $306m 7.39m +24% added AMAT APPLIED MATLS INC Technology 3.5% $299m 7.74m +53% added BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 3.2% $277m 1.68m +576% added SPOT SPOTIFY TECHNOLOGY S A Communication Services 2.1% $186m 1.03m −12% reduced UTXZ UNITED TECHNOLOGIES CORP – 1.2% $106m 757,156 +9.0% added MANCHESTER UTD PLC NEW no ticker – 0.7% $59.7m 2.65m −46% reduced OCEAN RIG UDW INC no ticker – 0.6% $53.3m 1.54m +28% added IR INGERSOLL-RAND PLC Industrials 0.5% $40.9m 399,821 +432% added ENSCO PLC no ticker – 0.4% $31.0m 3.67m +24% added CYTK CYTOKINETICS INC Healthcare 0.3% $26.1m 2.65m 0.0% held META META PLATFORMS INC Communication Services 0.3% $24.0m 146,129 −96% reduced SDRL SEADRILL LTD – 0.3% $23.3m 941,905 – new HCC WARRIOR MET COAL INC Basic Materials 0.3% $22.1m 818,379 −25% reduced ETN EATON CORP PLC Industrials 0.3% $21.7m 250,347 +31% added RIG TRANSOCEAN LTD Energy 0.2% $20.4m 1.46m – new DHT DHT HOLDINGS INC Energy 0.2% $17.1m 3.64m +41% added BARCLAYS BK PLC no ticker – 0.1% $11.1m 415,771 +152% added CRM SALESFORCE INC Technology 0.07% $6.1m 38,327 −34% reduced UNH UNITEDHEALTH GROUP INC Healthcare 0.07% $5.7m 21,457 0.0% held MSFT MICROSOFT CORP Technology 0.04% $3.7m 32,058 0.0% held SMMT SUMMIT THERAPEUTICS PLC Healthcare 0.04% $3.5m 1.60m 0.0% held BKNG BOOKING HOLDINGS INC Consumer Cyclical 0.04% $3.2m 1,623 0.0% held SWK STANLEY BLACK & DECKER INC Industrials 0.03% $3.0m 20,527 −25% reduced ADBE ADOBE INC Technology 0.03% $2.3m 8,629 0.0% held INTC INTEL CORP Technology 0.03% $2.3m 49,080 0.0% held ZAYOEUR ZAYO GROUP HLDGS INC – 0.02% $2.0m 56,641 0.0% held DBX DROPBOX INC Technology 0.02% $1.3m 49,353 +47% added DISH DISH NETWORK CORPORATION – 0.01% $916k 25,610 0.0% held MSGN MSG NETWORK INC – 0.01% $667k 25,834 −55% reduced
Exited since Q2 2018 Sector mix Industrials 27.3% Financial Services 26.3% Technology 19.6% Consumer Cyclical 9.8% Communication Services 8.8% Unclassified 7.1% Energy 0.4% Healthcare 0.4% Basic Materials 0.3% 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