Lansdowne Partners 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Lansdowne Partners disclosed 24 US equity positions worth $1.5bn in its Q4 2025 13F filing. The largest position was TSM at 43.8% of the reported book, followed by UAL and TECK. Against the Q3 2025 filing, it opened 3 new positions, added to 8 and reduced 7 among the top 24 holdings.
What did Lansdowne Partners own in Q4 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 43.8% | $665.3m | 1,325,284 | -7% | reduced |
| 2 | UAL UNITED AIRLS HLDGS INC | Industrials | 13.4% | $204.1m | 1,229,971 | 12% | added |
| 3 | TECK TECK RESOURCES LTD | Basic Materials | 8.2% | $124.6m | 1,805,666 | 150% | added |
| 4 | DAL DELTA AIR LINES INC DEL | Industrials | 7.8% | $118.2m | 2,414,408 | 6% | added |
| 5 | LIN LINDE PLC | Basic Materials | 6.4% | $97.0m | 227,457 | -38% | reduced |
| 6 | ADI ANALOG DEVICES INC | Technology | 5.6% | $85.6m | 634,754 | 319% | added |
| 7 | ARM ARM HOLDINGS PLC | Technology | 2.7% | $41.3m | 472,076 | 687% | added |
| 8 | GOLF ACUSHNET HLDGS CORP | Consumer Cyclical | 1.9% | $29.5m | 529,718 | -0% | held |
| 9 | TXN TEXAS INSTRS INC | Technology | 1.7% | $25.3m | 77,995 | 117% | added |
| 10 | CRH CRH PLC | Basic Materials | 1.5% | $22.9m | 307,987 | -52% | reduced |
| 11 | AMZN AMAZON COM INC | Consumer Cyclical | 1.3% | $19.8m | 47,471 | -72% | reduced |
| 12 | ETN EATON CORP PLC | Industrials | 1.1% | $16.6m | 109,955 | – | new |
| 13 | SOHO HOUSE & CO INC | 0.8% | $12.5m | 2,567,413 | 0% | held | |
| 14 | IONQ IONQ INC | Technology | 0.8% | $12.0m | 642,793 | -67% | reduced |
| 15 | B BARRICK MNG CORP | Basic Materials | 0.8% | $11.6m | 265,824 | 0% | held |
| 16 | ALC ALCON AG | Healthcare | 0.7% | $10.7m | 134,099 | – | new |
| 17 | SW SMURFIT WESTROCK PLC | Consumer Cyclical | 0.7% | $9.9m | 257,224 | -80% | reduced |
| 18 | FTV FORTIVE CORP | Technology | 0.3% | $5.1m | 48,375 | 0% | held |
| 19 | MDT MEDTRONIC PLC | Healthcare | 0.2% | $3.0m | 31,398 | – | new |
| 20 | ROK ROCKWELL AUTOMATION INC | Industrials | 0.1% | $1.9m | 31,077 | 5% | added |
| 21 | AEM AGNICO EAGLE MINES LTD | Basic Materials | 0.1% | $771.9k | 4,553 | 0% | held |
| 22 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.0% | $402.7k | 1,298 | 0% | held |
| 23 | FLUTTER ENTMT PLC | 0.0% | $353.7k | 1,645 | -36% | reduced | |
| 24 | RAL RALLIANT CORP | Technology | 0.0% | $219.4k | 100,085 | 469% | added |
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.