Funds › Lansdowne Partners (UK) LLP › Q4 2020Lansdowne Partners (UK) LLP 13F holdings, Q4 2020 Lansdowne Partners (UK) LLP disclosed 36 US equity positions worth $2.3bn in its Q4 2020 13F filing. Its largest position is TSM at 10.3% of the reported book, followed by AMAT and FCX. Versus Q3 2020 it opened 10 new positions, added to 6, reduced 18 and exited 12.
$2.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
36 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.3% Largest position The largest single position as a share of the reported equity book.
64.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
18 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 2020: 10 new , 6 added , 18 reduced , 12 exited
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Stock Sector Weight Value Shares Δ shares Action TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 10.3% $239m 2.19m +20% added AMAT APPLIED MATLS INC Technology 9.9% $229m 2.65m +3.8% added FCX FREEPORT MCMORAN INC Basic Materials 8.8% $205m 7.87m −27% reduced ADI ANALOG DEVICES INC Technology 6.8% $157m 1.06m +18% added DAL DELTA AIR LINES INC Industrials 6.6% $154m 3.84m −9.1% reduced LRCX LAM RESEARCH CORP Technology 4.9% $115m 243,100 −18% reduced MU MICRON TECHNOLOGY INC Technology 4.9% $113m 1.50m −27% reduced CARR CARRIER GLOBAL CORPORATION Industrials 4.6% $108m 2.85m −12% reduced OTIS OTIS WORLDWIDE CORP Industrials 4.1% $94.7m 1.40m −0.4% held VMC VULCAN MATLS CO Basic Materials 3.5% $81.4m 548,914 −4.9% reduced ETN EATON CORP PLC Industrials 3.3% $76.8m 639,562 −8.3% reduced RYAAY RYANAIR HOLDINGS PLC Industrials 3.2% $74.6m 677,941 −11% reduced EGO ELDORADO GOLD CORP NEW Basic Materials 3.2% $74.1m 5.58m −5.2% reduced C CITIGROUP INC Financial Services 3.2% $73.5m 1.19m −50% reduced UNP UNION PACIFIC CORP Industrials 3.0% $68.6m 329,430 – new GE GENERAL ELECTRIC CO Industrials 2.8% $64.8m 6.00m – new ED CONSOLIDATED EDISON INC Utilities 2.3% $52.4m 724,641 −27% reduced NSC NORFOLK SOUTHERN CORP Industrials 2.3% $52.3m 220,276 −16% reduced DAR DARLING INGREDIENTS INC Consumer Defensive 1.5% $34.4m 596,788 −39% reduced TMUS T-MOBILE US INC Communication Services 1.4% $32.0m 237,672 +0.3% held AES AES CORP Utilities 1.4% $31.8m 1.35m +134% added BLDP BALLARD PWR SYS INC NEW Industrials 1.3% $30.7m 1.31m +40% added UAL UNITED AIRLINES HLDGS INC Industrials 1.2% $27.8m 642,705 −21% reduced ENEL AMERICAS S A no ticker – 1.1% $25.4m 3.09m – new PSX PHILLIPS 66 Energy 0.8% $19.2m 274,704 – new LUV Southwest Airlines Co. Industrials 0.8% $17.7m 379,348 −40% reduced IDA IDACORP INC Utilities 0.7% $17.2m 179,108 −43% reduced AG FIRST MAJESTIC SILVER CORP Basic Materials 0.7% $15.4m 1.14m +6.2% added QUANTUMSCAPE CORP no ticker – 0.5% $10.9m 285,839 – new BKNG BOOKING HOLDINGS INC Consumer Cyclical 0.3% $7.1m 3,200 −36% reduced REGIEUR RENEWABLE ENERGY GROUP INC – 0.3% $6.7m 94,392 −29% reduced HTOO FUSION FUEL GREEN PLC – 0.2% $4.3m 235,500 – new EEM ISHARES TR – 0.2% $4.1m 78,759 – new BARCLAYS BANK PLC no ticker – 0.2% $4.0m 238,514 – new GLD SPDR GOLD TRUST – 0.04% $1.0m 5,717 – new PROSHARES TR II no ticker – 0.04% $981k 92,083 – new
Exited since Q3 2020 Sector mix Technology 36.7% Industrials 33.1% Basic Materials 16.2% Utilities 4.4% Financial Services 3.2% Unclassified 2.5% Consumer Defensive 1.5% Communication Services 1.4% Energy 0.8% Consumer Cyclical 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