# Mondrian Investment Partners LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1317724. Source: https://holderbook.com/funds/1317724-mondrian-investment-partners-ltd/

- Reported value: $6.5B
- Positions: 111
- Weight of the ten largest: 47.2%
- Filed: 2026-07-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $929.7M | 2,909,043 | 14.3% | 10 |
| LLOYDS BANKING GROUP PLC | [LYG](https://holderbook.com/stocks/LYG/) | $291.2M | 49,945,225 | 4.5% | 30 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $267.5M | 19,385,394 | 4.1% | 30 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $257.4M | 4,910,830 | 4.0% | 15 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $245.5M | 12,272,937 | 3.8% | 24 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $235.6M | 5,522,564 | 3.6% | 30 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $227.5M | 3,682,956 | 3.5% | 8 |
| KONINKLIJKE PHILIPS N V | [PHG](https://holderbook.com/stocks/PHG/) | $219.4M | 8,067,528 | 3.4% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $192.0M | 537,213 | 3.0% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $191.8M | 514,232 | 3.0% | 30 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $189.4M | 1,473,945 | 2.9% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $173.6M | 346,262 | 2.7% | 6 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $171.5M | 1,858,141 | 2.6% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $154.1M | 370,657 | 2.4% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $153.6M | 515,330 | 2.4% | 9 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $150.8M | 4,081,768 | 2.3% | 30 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $145.1M | 8,977,218 | 2.2% | 15 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $140.0M | 1,033,598 | 2.2% | 10 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $139.2M | 9,252,093 | 2.1% | 18 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $138.5M | 1,144,955 | 2.1% | 19 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $137.6M | 2,414,918 | 2.1% | 6 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $125.4M | 1,617,230 | 1.9% | 17 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $118.2M | 209,858 | 1.8% | 18 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $106.2M | 755,141 | 1.6% | 12 |
| DUPONT DE NEMOURS INC | - | $105.7M | 779,498 | 1.6% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $104.1M | 664,545 | 1.6% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $102.9M | 1,245,361 | 1.6% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $84.9M | 621,038 | 1.3% | 30 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $79.9M | 652,660 | 1.2% | 6 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $78.2M | 3,027,118 | 1.2% | 30 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $76.4M | 262,795 | 1.2% | 21 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $75.5M | 903,011 | 1.2% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $74.0M | 546,759 | 1.1% | 2 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $58.8M | 1,198,040 | 0.9% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $58.2M | 560,248 | 0.9% | 10 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $55.3M | 6,807,609 | 0.9% | 3 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $52.3M | 1,123,643 | 0.8% | 9 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $51.0M | 4,863,247 | 0.8% | 30 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $48.4M | 1,318,821 | 0.7% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $42.3M | 88,581 | 0.7% | 30 |
| KT CORP | [KT](https://holderbook.com/stocks/KT/) | $42.2M | 2,442,234 | 0.7% | 12 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $35.4M | 90,935 | 0.5% | 30 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $34.3M | 396,336 | 0.5% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $32.1M | 134,841 | 0.5% | 4 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $25.6M | 178,784 | 0.4% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $18.1M | 251,708 | 0.3% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $10.4M | 8,996 | 0.2% | 24 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $6.1M | 37,378 | 0.1% | 3 |
| PRUDENTIAL PLC | [PUK](https://holderbook.com/stocks/PUK/) | $2.8M | 102,721 | 0.0% | 3 |
| ISHARES TR | [KSA](https://holderbook.com/stocks/KSA/) | $2.1M | 55,845 | 0.0% | 11 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $2.0M | 27,101 | 0.0% | 19 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $1.7M | 4,575 | 0.0% | 10 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.6M | 10,043 | 0.0% | 22 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.6M | 23,040 | 0.0% | 10 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $1.4M | 75,247 | 0.0% | 11 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $1.4M | 7,109 | 0.0% | 27 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $1.4M | 18,360 | 0.0% | 30 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $1.2M | 4,268 | 0.0% | 8 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $1.2M | 15,486 | 0.0% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.2M | 4,287 | 0.0% | 8 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $995.9K | 20,954 | 0.0% | 14 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $926.4K | 7,141 | 0.0% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $902.0K | 4,881 | 0.0% | 6 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $861.9K | 5,960 | 0.0% | 6 |
| HONDA MOTOR CO LTD | [HMC](https://holderbook.com/stocks/HMC/) | $859.6K | 31,837 | 0.0% | 30 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $571.7K | 12,671 | 0.0% | 30 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $513.0K | 3,273 | 0.0% | 30 |
| DBX ETF TR | [ASHR](https://holderbook.com/stocks/ASHR/) | $490.7K | 13,385 | 0.0% | 27 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $471.4K | 4,095 | 0.0% | 10 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $424.6K | 1,089 | 0.0% | 23 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $390.6K | 4,664 | 0.0% | 10 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $335.1K | 5,298 | 0.0% | 18 |
| ENEL CHILE S.A. | [ENIC](https://holderbook.com/stocks/ENIC/) | $248.0K | 55,120 | 0.0% | 19 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $216.4K | 2,255 | 0.0% | 30 |
| INVESCO EXCHANGE TRADED FD T | [RSPS](https://holderbook.com/stocks/RSPS/) | $212.4K | 7,085 | 0.0% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $179.9K | 3,014 | 0.0% | 5 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $175.0K | 1,368 | 0.0% | 4 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $171.5K | 678 | 0.0% | 12 |
| ISHARES TR | [IHF](https://holderbook.com/stocks/IHF/) | $164.5K | 2,973 | 0.0% | 1 |
| ISHARES TR | [UAE](https://holderbook.com/stocks/UAE/) | $160.2K | 8,428 | 0.0% | 10 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $157.0K | 5,409 | 0.0% | 30 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $153.5K | 1,198 | 0.0% | 2 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $146.0K | 17,872 | 0.0% | 30 |
| TELEKOMUNIKASI IND | [TLK](https://holderbook.com/stocks/TLK/) | $95.7K | 7,125 | 0.0% | 11 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $92.9K | 812 | 0.0% | 24 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $74.8K | 826 | 0.0% | 1 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $49.2K | 442 | 0.0% | 1 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $47.8K | 831 | 0.0% | 1 |
| AUTOHOME INC | [ATHM](https://holderbook.com/stocks/ATHM/) | $45.9K | 2,413 | 0.0% | 21 |
| IMPERIAL OIL LTD | [IMO](https://holderbook.com/stocks/IMO/) | $44.8K | 281 | 0.0% | 1 |
| NOMAD FOODS LTD | [NOMD](https://holderbook.com/stocks/NOMD/) | $42.0K | 3,833 | 0.0% | 4 |
| WPP PLC NEW | [WPP](https://holderbook.com/stocks/WPP/) | $36.5K | 2,354 | 0.0% | 30 |
| LAUREATE ED INC | [LAUR](https://holderbook.com/stocks/LAUR/) | $31.8K | 876 | 0.0% | 8 |
| VINCI COMPASS INVESTMENTS LT | [VINP](https://holderbook.com/stocks/VINP/) | $27.3K | 2,807 | 0.0% | 3 |
| ANHEUSER BUSCH INBEV SA/NV | [BUD](https://holderbook.com/stocks/BUD/) | $26.9K | 327 | 0.0% | 1 |
| ISHARES TR | [RXI](https://holderbook.com/stocks/RXI/) | $18.4K | 95 | 0.0% | 1 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $14.6K | 111 | 0.0% | 1 |
| ENI S P A | [E](https://holderbook.com/stocks/E/) | $14.5K | 308 | 0.0% | 4 |
| INVESCO EXCHANGE TRADED FD T | [RSPF](https://holderbook.com/stocks/RSPF/) | $13.7K | 177 | 0.0% | 1 |
| ISHARES TR | [WOOD](https://holderbook.com/stocks/WOOD/) | $12.9K | 195 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.9% | +14.8% | -8.9% | 88% |
| Q1 2026 | +0.7% | -4.6% | +5.3% | 103% |
| Q4 2025 | +4.3% | +2.4% | +2.0% | 100% |
| Q2 2025 | +4.8% | +10.5% | -5.7% | 99% |
| Q1 2025 | +6.4% | -4.6% | +11.0% | 94% |
| Q4 2024 | -7.4% | +2.1% | -9.5% | 98% |
| Q3 2024 | +9.3% | +5.4% | +3.8% | 95% |
| Q2 2024 | -0.9% | +4.0% | -4.9% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.5B | 111 |
| Q1 2026 | $6.7B | 103 |
| Q4 2025 | $6.1B | 101 |
| Q3 2025 | $6.0B | 96 |
| Q1 2025 | $5.8B | 98 |
| Q4 2024 | $6.1B | 100 |
| Q3 2024 | $6.6B | 100 |
| Q2 2024 | $6.5B | 96 |
| Q1 2024 | $7.3B | 98 |
| Q4 2023 | $6.3B | 98 |
| Q3 2023 | $4.9B | 91 |
| Q2 2023 | $5.0B | 88 |