WhaleCreep

Lansdowne Partners (UK) LLP 13F holdings, Q4 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-12-31, filed 2020-02-14

Lansdowne Partners (UK) LLP disclosed 24 US equity positions worth $2.8bn in its Q4 2019 13F filing. Its largest position is DAL at 22.8% of the reported book, followed by UAL and AMAT. Versus Q3 2019 it opened 1 new position, added to 5, reduced 17 and exited 5.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
24
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.8%
Largest position
The largest single position as a share of the reported equity book.
87.2%
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 Q3 2019: 1 new, 5 added, 17 reduced, 5 exited

24 rows
DAL DELTA AIR LINES INCIndustrials22.8%$646m11.05m−18%reduced
UAL UNITED AIRLINES HLDGS INCIndustrials15.0%$425m4.82m−13%reduced
AMAT APPLIED MATLS INCTechnology9.0%$253m4.15m+9.4%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology8.0%$228m3.92m−45%reduced
LRCX LAM RESEARCH CORPTechnology8.0%$226m774,193−2.4%reduced
AAL AMERICAN AIRLINES GROUP INCIndustrials6.6%$187m6.51m−11%reduced
MU MICRON TECHNOLOGY INCTechnology5.5%$155m2.89m−15%reduced
TXN TEXAS INSTRS INCTechnology5.0%$141m1.10m−23%reduced
ADI ANALOG DEVICES INCTechnology4.7%$132m1.11m–new
GRUBHUB INC no ticker–2.6%$73.7m1.52m−30%reduced
GE GENERAL ELECTRIC COIndustrials2.5%$70.9m6.36m−0.7%reduced
ETN EATON CORP PLCIndustrials2.0%$57.0m601,252+454%added
UTXZ UNITED TECHNOLOGIES CORP–1.5%$43.4m289,899−52%reduced
FSLR FIRST SOLAR INCTechnology1.3%$37.4m668,019−29%reduced
EGO ELDORADO GOLD CORP NEWBasic Materials1.3%$35.5m4.42m+8.5%added
REGIEUR RENEWABLE ENERGY GROUP INC–1.1%$32.3m1.20m+208%added
CVE Cenovus Energy IncEnergy1.0%$29.0m2.85m−41%reduced
CNQ CANADIAN NAT RES LTD MED TEREnergy0.7%$20.2m624,092−26%reduced
DHT DHT HOLDINGS INCEnergy0.7%$19.2m2.32m−29%reduced
GS GOLDMAN SACHS GROUP INCFinancial Services0.3%$9.8m42,500−5.6%reduced
IR INGERSOLL-RAND PLCIndustrials0.1%$4.2m31,259−58%reduced
SMMT SUMMIT THERAPEUTICS PLCHealthcare0.09%$2.6m1.60m0.0%held
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.04%$1.2m5,500−21%reduced
IQ IQIYI INCCommunication Services0.03%$823k39,000+63%added

Exited since Q3 2019

5 rows
UBER UBER TECHNOLOGIES INC2.0%$62.5m
PSX PHILLIPS 661.0%$31.8m
VRAYQ VIEWRAY INC0.2%$6.9m
MANCHESTER UTD PLC NEW no ticker0.2%$6.1m
BARCLAYS BANK PLC no ticker0.1%$4.0m

Sector mix

  • Industrials49.1%
  • Technology41.5%
  • Unclassified5.3%
  • Energy2.4%
  • Basic Materials1.3%
  • Financial Services0.3%
  • Healthcare0.09%
  • Consumer Cyclical0.04%
  • Communication Services0.03%

Book over time

Every quarter on file (49)
QuarterPositionsEquity book
Q2 202626$2.4bn
Q1 202622$1.9bn
Q4 202524$1.4bn
Q3 202521$1.2bn
Q2 202521$770m
Q1 202520$706m
Q4 202424$1.4bn
Q3 202425$1.3bn
Q2 202426$1.3bn
Q1 202435$1.5bn
Q4 202335$1.4bn
Q3 202336$1.1bn
Q2 202319$902m
Q1 202321$648m
Q4 202215$483m
Q3 202217$465m
Q2 202223$709m
Q1 202225$1.2bn
Q4 202124$1.6bn
Q3 202127$2.0bn
Q2 202130$2.3bn
Q1 202134$2.2bn
Q4 202036$2.3bn
Q3 202038$1.9bn
Q2 202037$2.3bn
Q1 202024$1.7bn
Q4 201924$2.8bn
Q3 201928$3.1bn
Q2 201927$3.6bn
Q1 201935$4.1bn
Q4 201835$5.4bn
Q3 201839$8.6bn
Q2 201847$9.7bn
Q1 201842$9.4bn
Q4 201744$10.7bn
Q3 201745$9.5bn
Q2 201743$11.5bn
Q1 201745$11.5bn
Q4 201645$11.2bn
Q3 201639$11.5bn
Q2 201641$10.7bn
Q1 201649$12.7bn
Q4 201559$14.5bn
Q3 201554$11.8bn
Q2 201555$11.7bn
Q1 201556$11.1bn
Q4 201444$11.1bn
Q3 201443$11.1bn
Q2 201442$10.6bn

Where Lansdowne Partners (UK) LLP was early

29 rows
BABA ALIBABA GROUP HLDG LTDQ3 201427 of 3771.4%3.2%18Exited by Q2 2025+49%
AES AES CORPQ1 20156 of 1690.02%1.4%10Exited by Q2 2021+109%
ETN EATON CORP PLCQ1 20159 of 1670.03%11.6%41Held at last filing, Q2 2026+527%
FSLR FIRST SOLAR INCQ1 201517 of 2140.0%4.4%20Exited by Q4 2021+60%
GOOGL ALPHABET INCQ4 201520 of 3757.4%10.8%14Exited by Q2 2019+51%
HAS HASBRO INCQ4 20165 of 1351.0%2.3%4Exited by Q4 2017+26%
TSM TAIWAN SEMICONDUCTOR MANUFACQ1 20177 of 3290.01%33.4%36Held at last filing, Q2 2026+1354%
CVE CENOVUS ENERGY INCQ3 20177 of 1340.2%1.5%8Exited by Q1 2020+1.3%
TXN TEXAS INSTRS INCQ3 201711 of 2020.02%6.0%20Held at last filing, Q2 2026+233%
SPOT SPOTIFY TECHNOLOGY S AQ2 201818 of 2812.0%2.1%11Exited by Q1 2025+166%
EGO ELDORADO GOLD CORP NEWQ2 20191 of 720.9%3.2%13Exited by Q3 2022+9.8%
PSX PHILLIPS 66Q2 201917 of 1610.6%1.0%3Exited by Q1 2021−25%
UBER UBER TECHNOLOGIES INCQ2 201918 of 3662.7%2.7%2Exited by Q4 2019−34%
LRCX LAM RESEARCH CORPQ2 201923 of 2364.2%12.7%9Exited by Q3 2021+246%
ADI ANALOG DEVICES INCQ4 201912 of 2024.7%13.3%27Held at last filing, Q2 2026+234%
DAR DARLING INGREDIENTS INCQ1 202012 of 1690.9%1.8%5Exited by Q2 2021+284%
CARR CARRIER GLOBAL CORPORATIONQ2 20203 of 1653.3%7.8%6Exited by Q4 2021+133%
ED CONSOLIDATED EDISON INCQ2 20203 of 943.5%4.0%4Exited by Q2 2021+4.0%
OTIS OTIS WORLDWIDE CORPQ2 20205 of 1472.0%4.6%6Exited by Q4 2021+45%
FCX FREEPORT-MCMORAN INCQ2 202022 of 2232.8%21.7%21Exited by Q3 2025+275%
IEUR ISHARES TRQ1 20211 of 222.2%5.9%7Exited by Q3 2024+5.5%
RBLX ROBLOX CORPQ1 202120 of 2190.09%3.8%10Exited by Q2 2024−41%
WMG WARNER MUSIC GROUP CORPQ2 20218 of 1251.9%1.9%3Exited by Q1 2022+20%
NVT NVENT ELEC PLCQ2 202111 of 1570.5%3.5%3Held at last filing, Q2 2026+443%
IONQ IONQ INCQ4 20211 of 1022.7%3.3%19Held at last filing, Q2 2026+219%
75Z SOHO HOUSE & CO INCQ4 20214 of 652.0%3.1%17Exited by Q1 2026−30%
RGTI RIGETTI COMPUTING INCQ1 20221 of 861.1%1.1%7Exited by Q4 2023−79%
CRH CRH PLCQ3 20233 of 18613.3%17.7%10Exited by Q1 2026+128%
SW SMURFIT WESTROCK PLCQ3 20242 of 9819.7%19.7%8Held at last filing, Q2 2026−6.4%

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