WhaleCreep

Lansdowne Partners (UK) LLP 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-11-16

Lansdowne Partners (UK) LLP disclosed 38 US equity positions worth $1.9bn in its Q3 2020 13F filing. Its largest position is FCX at 8.8% of the reported book, followed by AMAT and TSM. Versus Q2 2020 it opened 9 new positions, added to 12, reduced 16 and exited 8.

$1.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
38
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.8%
Largest position
The largest single position as a share of the reported equity book.
62.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
20
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 2020: 9 new, 12 added, 16 reduced, 8 exited

38 rows
FCX FREEPORT MCMORAN INCBasic Materials8.8%$168m10.74m+92%added
AMAT APPLIED MATLS INCTechnology7.9%$152m2.56m−29%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology7.8%$149m1.83m+32%added
DAL DELTA AIR LINES INCIndustrials6.7%$129m4.23m−51%reduced
ADI ANALOG DEVICES INCTechnology5.5%$105m900,584−7.3%reduced
C CITIGROUP INCFinancial Services5.3%$102m2.37m−58%reduced
CARR CARRIER GLOBAL CORPORATIONIndustrials5.2%$99.1m3.25m−5.0%reduced
LRCX LAM RESEARCH CORPTechnology5.2%$98.7m297,635−53%reduced
MU MICRON TECHNOLOGY INCTechnology5.0%$96.6m2.06m−50%reduced
OTIS OTIS WORLDWIDE CORPIndustrials4.6%$87.8m1.41m+74%added
VMC VULCAN MATLS COBasic Materials4.1%$78.2m577,050−26%reduced
ED CONSOLIDATED EDISON INCUtilities4.0%$76.7m985,961−12%reduced
ETN EATON CORP PLCIndustrials3.7%$71.2m697,634+13%added
RYAAY RYANAIR HOLDINGS PLCIndustrials3.3%$62.3m762,452−19%reduced
EGO ELDORADO GOLD CORP NEWBasic Materials3.2%$62.1m5.89m+33%added
FSLR FIRST SOLAR INCTechnology3.1%$59.0m891,286+66%added
NSC NORFOLK SOUTHERN CORPIndustrials2.9%$56.3m263,161−13%reduced
DAR DARLING INGREDIENTS INCConsumer Defensive1.8%$35.3m979,955+34%added
CTRA COTERRA ENERGY INC–1.7%$33.4m1.93m+90%added
UAL UNITED AIRLINES HLDGS INCIndustrials1.5%$28.4m815,934−56%reduced
TMUS T-MOBILE US INCCommunication Services1.4%$27.1m236,872+59%added
IDA IDACORP INCUtilities1.3%$25.0m313,200–new
LUV Southwest Airlines Co.Industrials1.2%$23.6m629,119−76%reduced
BLDP BALLARD PWR SYS INC NEWIndustrials0.7%$14.1m933,498–new
AES AES CORPUtilities0.5%$10.4m577,036−73%reduced
AG FIRST MAJESTIC SILVER CORPBasic Materials0.5%$10.3m1.08m+83%added
BKNG BOOKING HOLDINGS INCConsumer Cyclical0.4%$8.6m5,000+9.9%added
EQT EQT CORPORATIONEnergy0.4%$8.1m626,200–new
REGIEUR RENEWABLE ENERGY GROUP INC–0.4%$7.1m133,827−67%reduced
CDE COEUR MNG INCBasic Materials0.3%$6.5m883,817–new
PAAS PAN AMERN SILVER CORPBasic Materials0.3%$6.5m202,593+84%added
UNVREUR UNIVAR SOLUTIONS INC–0.3%$5.8m340,7750.0%held
LOOP LOOP INDS INC–0.2%$4.2m304,769–new
KENSINGTON CAP ACQUISITION C no ticker–0.2%$3.3m199,075–new
DIAMONDPEAK HLDGS COR no ticker–0.2%$3.0m116,159–new
GDXJ VANECK ETF TRUST–0.06%$1.2m22,435−65%reduced
KENSINGTON CAP ACQUISITION C no ticker–0.03%$653k145,000–new
HL ACQUISITIONS CORP no ticker–0.02%$364k175,600–new

Exited since Q2 2020

8 rows
1LIFE HEALTHCARE INC no ticker1.4%$32.3m
NIKOLA CORP no ticker0.5%$10.6m
GE GENERAL ELECTRIC CO0.3%$8.0m
SMMT SUMMIT THERAPEUTICS PLC0.3%$7.9m
GDX VANECK ETF TRUST0.1%$3.1m
AAL AMERICAN AIRLINES GROUP INC0.1%$3.0m
NKE NIKE INC0.05%$1.1m
SCORPIO BULKERS INC no ticker0.04%$842k

Sector mix

  • Technology34.4%
  • Industrials29.9%
  • Basic Materials17.3%
  • Utilities5.9%
  • Financial Services5.3%
  • Unclassified3.1%
  • Consumer Defensive1.8%
  • Communication Services1.4%
  • Consumer Cyclical0.4%
  • Energy0.4%

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