# Trinity Street Asset Management LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1592579. Source: https://holderbook.com/funds/1592579-trinity-street-asset-management-llp/

- Reported value: $1.9B
- Positions: 23
- Weight of the ten largest: 84.6%
- Filed: 2026-07-10

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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $444.5M | 930,851 | 22.9% | 14 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $266.7M | 1,535,462 | 13.7% | 21 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $243.4M | 5,261,555 | 12.5% | 1 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $231.0M | 3,567,449 | 11.9% | 14 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $167.7M | 6,493,800 | 8.6% | 10 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $137.2M | 13,079,146 | 7.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $49.7M | 139,098 | 2.6% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $35.0M | 146,998 | 1.8% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $33.5M | 89,847 | 1.7% | 25 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $33.1M | 148,518 | 1.7% | 9 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $32.5M | 82,479 | 1.7% | 3 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $30.0M | 2,673,464 | 1.5% | 9 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $29.3M | 97,925 | 1.5% | 12 |
| STANDARDAERO INC | [SARO](https://holderbook.com/stocks/SARO/) | $28.4M | 949,492 | 1.5% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $28.3M | 48,702 | 1.5% | 3 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $24.5M | 150,163 | 1.3% | 4 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $23.3M | 322,528 | 1.2% | 5 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $23.1M | 145,540 | 1.2% | 5 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $22.0M | 43,246 | 1.1% | 18 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $19.6M | 71,012 | 1.0% | 28 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $15.4M | 146,667 | 0.8% | 31 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $12.1M | 311,959 | 0.6% | 6 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $11.5M | 44,025 | 0.6% | 6 |

## 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 | +16.1% | +14.8% | +1.3% | 100% |
| Q1 2026 | -14.2% | -4.6% | -9.6% | 100% |
| Q4 2025 | +7.8% | +2.4% | +5.4% | 100% |
| Q3 2025 | +3.1% | +7.8% | -4.7% | 100% |
| Q2 2025 | +16.9% | +10.5% | +6.4% | 100% |
| Q1 2025 | -6.5% | -4.6% | -1.9% | 100% |
| Q4 2024 | -3.8% | +2.1% | -5.9% | 100% |
| Q3 2024 | -2.1% | +5.4% | -7.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 23 |
| Q1 2026 | $1.5B | 22 |
| Q4 2025 | $1.6B | 22 |
| Q3 2025 | $1.5B | 21 |
| Q2 2025 | $1.5B | 20 |
| Q1 2025 | $988.0M | 16 |
| Q4 2024 | $1.0B | 14 |
| Q3 2024 | $1.0B | 15 |
| Q2 2024 | $1.1B | 16 |
| Q1 2024 | $1.3B | 18 |
| Q4 2023 | $898.8M | 17 |
| Q3 2023 | $778.3M | 22 |