Lansdowne Partners 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Lansdowne Partners disclosed 21 US equity positions worth $1.4bn in its Q3 2025 13F filing. The largest position was TSM at 35.9% of the reported book, followed by LIN and UAL. Against the Q2 2025 filing, it opened 3 new positions, added to 11 and reduced 6 among the top 21 holdings.
What did Lansdowne Partners own in Q3 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 35.9% | $514.7m | 1,419,315 | 92% | added |
| 2 | LIN LINDE PLC | Basic Materials | 12.1% | $173.2m | 364,542 | 18% | added |
| 3 | UAL UNITED AIRLS HLDGS INC | Industrials | 11.4% | $163.0m | 1,100,211 | 29% | added |
| 4 | CRH CRH PLC | Basic Materials | 8.8% | $126.5m | 648,129 | 23% | added |
| 5 | ADI ANALOG DEVICES INC | Technology | 5.3% | $75.3m | 151,401 | 3% | added |
| 6 | SW SMURFIT WESTROCK PLC | Consumer Cyclical | 4.9% | $69.8m | 1,286,111 | -1% | reduced |
| 7 | GOLF ACUSHNET HLDGS CORP | Consumer Cyclical | 4.7% | $67.9m | 530,089 | -2% | reduced |
| 8 | DAL DELTA AIR LINES INC DEL | Industrials | 4.2% | $59.6m | 2,284,257 | 47% | added |
| 9 | TECK TECK RESOURCES LTD | Basic Materials | 3.7% | $53.1m | 722,054 | – | new |
| 10 | IONQ IONQ INC | Technology | 3.3% | $47.1m | 1,937,031 | 286% | added |
| 11 | SOHO HOUSE & CO INC | 1.9% | $27.3m | 2,567,413 | 0% | held | |
| 12 | AMZN AMAZON COM INC | Consumer Cyclical | 1.1% | $15.5m | 167,028 | 250% | added |
| 13 | ROK ROCKWELL AUTOMATION INC | Industrials | 0.7% | $10.3m | 29,540 | 10% | added |
| 14 | B BARRICK MNG CORP | Basic Materials | 0.6% | $8.7m | 265,824 | – | new |
| 15 | ARM ARM HOLDINGS PLC | Technology | 0.6% | $8.5m | 59,975 | – | new |
| 16 | TXN TEXAS INSTRS INC | Technology | 0.5% | $6.6m | 36,024 | 23% | added |
| 17 | FTV FORTIVE CORP | Technology | 0.2% | $2.4m | 48,375 | -4% | reduced |
| 18 | RAL RALLIANT CORP | Technology | 0.1% | $769.4k | 17,594 | 5% | added |
| 19 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.1% | $767.5k | 4,553 | -28% | reduced |
| 20 | FLUTTER ENTMT PLC | 0.0% | $648.5k | 2,553 | -35% | reduced | |
| 21 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.0% | $338.1k | 1,298 | -36% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.