# High Ground Investment Management LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1828180. Source: https://holderbook.com/funds/1828180-high-ground-investment-management-llp/

- Reported value: $1.1B
- Positions: 7
- Weight of the ten largest: 100.0%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $262.9M | 679,904 | 23.1% | 15 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $253.6M | 2,612,372 | 22.3% | 11 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $232.2M | 1,593,130 | 20.4% | 4 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $177.9M | 447,968 | 15.6% | 15 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $149.3M | 890,172 | 13.1% | 1 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $61.8M | 274,599 | 5.4% | 1 |
| WARRIOR MET COAL INC | [HCC](https://holderbook.com/stocks/HCC/) | $915.3K | 11,278 | 0.1% | 10 |

## 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 | +29.3% | +14.8% | +14.4% | 100% |
| Q1 2026 | -11.1% | -4.6% | -6.5% | 87% |
| Q4 2025 | +7.1% | +2.4% | +4.7% | 100% |
| Q3 2025 | +2.9% | +7.8% | -4.9% | 100% |
| Q2 2025 | +0.7% | +10.5% | -9.8% | 100% |
| Q1 2025 | +7.1% | -4.6% | +11.7% | 100% |
| Q4 2024 | -18.3% | +2.1% | -20.5% | 100% |
| Q3 2024 | -1.8% | +5.4% | -7.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.1B | 7 |
| Q1 2026 | $538.6M | 5 |
| Q4 2025 | $686.8M | 6 |
| Q3 2025 | $601.9M | 8 |
| Q2 2025 | $477.1M | 6 |
| Q1 2025 | $428.2M | 9 |
| Q4 2024 | $322.3M | 9 |
| Q3 2024 | $217.1M | 8 |
| Q2 2024 | $256.5M | 10 |
| Q1 2024 | $208.4M | 11 |
| Q4 2023 | $202.9M | 9 |
| Q3 2023 | $150.1M | 7 |