# LANSDOWNE PARTNERS (UK) LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1608485. Source: https://holderbook.com/funds/1608485-lansdowne-partners-uk-llp/

- Reported value: $2.4B
- Positions: 26
- Weight of the ten largest: 92.5%
- Filed: 2026-08-14

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/) | $704.8M | 1,475,803 | 29.0% | 13 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $380.3M | 1,072,493 | 15.6% | 4 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $231.5M | 2,471,261 | 9.5% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $228.2M | 574,537 | 9.4% | 27 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $210.7M | 1,549,179 | 8.7% | 5 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $138.4M | 2,494,112 | 5.7% | 2 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $123.8M | 238,619 | 5.1% | 14 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $119.0M | 2,560,073 | 4.9% | 2 |
| ACUSHNET HLDGS CORP | [GOLF](https://holderbook.com/stocks/GOLF/) | $60.9M | 513,572 | 2.5% | 15 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $51.5M | 966,433 | 2.1% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $31.7M | 132,969 | 1.3% | 12 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $27.6M | 92,578 | 1.1% | 10 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $18.5M | 310,564 | 0.8% | 4 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $16.1M | 347,795 | 0.7% | 8 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $15.1M | 411,335 | 0.6% | 4 |
| RALLIANT CORP | [RAL](https://holderbook.com/stocks/RAL/) | $14.6M | 197,849 | 0.6% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $14.4M | 33,865 | 0.6% | 3 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $12.1M | 71,122 | 0.5% | 1 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $11.8M | 88,569 | 0.5% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $6.9M | 88,839 | 0.3% | 3 |
| SENSATA TECHNOLOGIES HLDG PL | [ST](https://holderbook.com/stocks/ST/) | $6.7M | 140,290 | 0.3% | 1 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $4.5M | 9,146 | 0.2% | 10 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $720.9K | 4,647 | 0.0% | 8 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $469.9K | 1,268 | 0.0% | 10 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $285.1K | 1,828 | 0.0% | 1 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $281.1K | 8,581 | 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 | +34.6% | +14.8% | +19.8% | 100% |
| Q1 2026 | +5.9% | -4.6% | +10.5% | 98% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 107% |
| Q3 2025 | +12.0% | +7.8% | +4.1% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -12.7% | -4.6% | -8.1% | 100% |
| Q4 2024 | +7.3% | +2.1% | +5.2% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.4B | 26 |
| Q1 2026 | $1.9B | 22 |
| Q4 2025 | $1.4B | 24 |
| Q3 2025 | $1.2B | 21 |
| Q2 2025 | $769.9M | 21 |
| Q1 2025 | $706.1M | 20 |
| Q4 2024 | $1.4B | 24 |
| Q3 2024 | $1.3B | 25 |
| Q2 2024 | $1.3B | 26 |
| Q1 2024 | $1.5B | 35 |
| Q4 2023 | $1.4B | 35 |
| Q3 2023 | $1.1B | 36 |