Lansdowne Partners (UK) LLP

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 22
Portfolio value:: $1,943,983,000
Filed:: May 14, 2026
CIK:: 1608485

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 14, 266 new37 added17 reduced4 exited
≡	RAL – RALLIANT CORP	Reduce 98.00%	−96,062	3.63
≡	ADI – ANALOG DEVICES INC	Reduce 62.00%	−121,302	−2.68
≡	ADI – ANALOG DEVICES INC	Reduce 56.00%	−110,786	−2.50
≡	ADI – ANALOG DEVICES INC	Reduce 55.00%	−108,665	−2.47
≡	TSM – TAIWAN SEMICONDUCTOR MANUFAC	Reduce 14.00%	−21,817	−1.14
≡	ADI – ANALOG DEVICES INC	Reduce 6.00%	−11,334	−0.88
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 95.00%	−27,130	−0.79
≡	ETN – EATON CORP PLC	Reduce 78.00%	−31,838	−0.79
≡	ETN – EATON CORP PLC	Reduce 76.00%	−30,710	−0.77
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 56.00%	−16,055	−0.58
≡	CRH – CRH PLC	Sell	−63,800	−0.58
≡	ETN – EATON CORP PLC	Reduce 45.00%	−18,494	−0.54
≡	IONQ – IONQ INC	Reduce 71.00%	−129,914	−0.52
≡	IONQ – IONQ INC	Reduce 47.00%	−85,694	−0.46
≡	ETN – EATON CORP PLC	Reduce 34.00%	−13,649	−0.45
≡	IONQ – IONQ INC	Reduce 40.00%	−73,222	−0.44
≡	SOHO HOUSE & CO INC	Sell	−423,569	−0.28
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 15.00%	−12,670	−0.15
≡	AMZN – AMAZON COM INC	Reduce 13.00%	−597	−0.03
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,645	−0.03
≡	FTV – FORTIVE CORP	Sell	−2,021	−0.01
Q4 2025filed Feb 13, 267 new28 added27 reduced1 exited
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 79.00%	−500,210	−11.72
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 75.00%	−476,445	−11.19
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 69.00%	−437,439	−10.32
≡	LIN – LINDE PLC	Reduce 38.00%	−137,085	−7.27
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 35.00%	−223,791	−5.56
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 31.00%	−193,436	−4.89
≡	AMZN – AMAZON COM INC	Reduce 95.00%	−84,359	−1.54
≡	SW – SMURFIT WESTROCK PLC	Reduce 56.00%	−327,585	−1.34
≡	IONQ – IONQ INC	Reduce 97.00%	−1,549,763	−1.32
≡	IONQ – IONQ INC	Reduce 95.00%	−1,526,983	−1.25
≡	IONQ – IONQ INC	Reduce 94.00%	−1,512,130	−1.20
≡	IONQ – IONQ INC	Reduce 89.00%	−1,419,849	−0.89
≡	AMZN – AMAZON COM INC	Reduce 52.00%	−45,860	−0.89
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 92.00%	−27,084	−0.79
≡	IONQ – IONQ INC	Reduce 85.00%	−1,363,782	−0.71
≡	CRH – CRH PLC	Reduce 64.00%	−55,909	−0.58
≡	CRH – CRH PLC	Reduce 58.00%	−50,254	−0.53
≡	TXN – TEXAS INSTRS INC	Reduce 86.00%	−31,062	−0.49
≡	ARM – ARM HOLDINGS PLC	Reduce 15.00%	−9,293	−0.30
≡	CRH – CRH PLC	Reduce 27.00%	−23,205	−0.28
≡	PTCHF – PURETECH HEALTH PLC	Sell	−1,829,069	−0.20
≡	FTV – FORTIVE CORP	Reduce 96.00%	−46,354	−0.19
≡	CRH – CRH PLC	Reduce 9.00%	−7,461	−0.14
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 10.00%	−16,080	−0.10
≡	SOHO HOUSE & CO INC	Reduce 18.00%	−75,104	−0.08
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 8.00%	−12,376	−0.07
≡	RAL – RALLIANT CORP	Reduce 88.00%	−15,439	−0.06
≡	FLUT – FLUTTER ENTMT PLC	Reduce 36.00%	−908	−0.03
Q3 2025filed Nov 14, 2510 new19 added21 reduced3 exited
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 51.00%	−151,954	−5.40
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 41.00%	−122,532	−4.71
≡	DAL – DELTA AIR LINES INC DEL	Reduce 65.00%	−415,550	−3.02
≡	SW – SMURFIT WESTROCK PLC	Reduce 78.00%	−456,552	−2.83
≡	DAL – DELTA AIR LINES INC DEL	Reduce 59.00%	−372,240	−2.82
≡	SW – SMURFIT WESTROCK PLC	Reduce 73.00%	−430,370	−2.74
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 61.00%	−197,699	−2.34
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 53.00%	−172,392	−2.14
≡	ADI – ANALOG DEVICES INC	Reduce 80.00%	−55,968	−1.88
≡	SW – SMURFIT WESTROCK PLC	Reduce 30.00%	−178,983	−1.85
≡	ADI – ANALOG DEVICES INC	Reduce 76.00%	−53,175	−1.82
≡	ADI – ANALOG DEVICES INC	Reduce 38.00%	−26,353	−1.27
≡	AMZN – AMAZON COM INC	Reduce 69.00%	−32,955	−1.09
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 57.00%	−93,442	−1.09
≡	FCX – FREEPORT-MCMORAN INC	Sell	−190,604	−1.07
≡	AMZN – AMAZON COM INC	Reduce 63.00%	−30,044	−1.04
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 49.00%	−79,635	−1.00
≡	SOHO HOUSE & CO INC	Reduce 18.00%	−75,104	−0.15
≡	IONQ – IONQ INC	Reduce 18.00%	−14,161	−0.11
≡	FLUT – FLUTTER ENTMT PLC	Reduce 35.00%	−1,372	−0.09
≡	MAR – MARRIOTT INTL INC NEW	Reduce 36.00%	−738	−0.04
≡	SPOTIFY USA INC	Sell	−401	−0.04
≡	AEM – AGNICO EAGLE MINES LTD	Reduce 28.00%	−1,784	−0.03
≡	VMC – VULCAN MATLS CO	Sell	−1,002	−0.03
Q2 2025filed Aug 14, 256 new20 added20 reduced2 exited
≡	LIN – LINDE PLC	Reduce 31.00%	−136,638	−10.56
≡	CRH – CRH PLC	Reduce 84.00%	−330,700	−4.15
≡	CRH – CRH PLC	Reduce 82.00%	−320,552	−4.03
≡	CRH – CRH PLC	Reduce 54.00%	−211,950	−2.74
≡	CRH – CRH PLC	Reduce 45.00%	−177,668	−2.33
≡	ADI – ANALOG DEVICES INC	Reduce 79.00%	−58,068	−1.62
≡	ADI – ANALOG DEVICES INC	Reduce 76.00%	−55,658	−1.55
≡	SW – SMURFIT WESTROCK PLC	Reduce 48.00%	−128,207	−0.93
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 54.00%	−87,919	−0.87
≡	SW – SMURFIT WESTROCK PLC	Reduce 39.00%	−104,760	−0.80
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 47.00%	−75,572	−0.76
≡	ADI – ANALOG DEVICES INC	Reduce 40.00%	−29,043	−0.73
≡	DAL – DELTA AIR LINES INC DEL	Reduce 40.00%	−121,253	−0.71
≡	DAL – DELTA AIR LINES INC DEL	Reduce 31.00%	−91,990	−0.52
≡	SOHO HOUSE & CO INC	Reduce 55.00%	−421,755	−0.34
≡	ABX – BARRICK GOLD CORP	Sell	−100,790	−0.28
≡	SOHO HOUSE & CO INC	Reduce 45.00%	−346,651	−0.27
≡	IONQ – IONQ INC	Reduce 59.00%	−93,578	−0.13
≡	BABA – ALIBABA GROUP HLDG LTD	Sell	−2,955	−0.06
≡	IONQ – IONQ INC	Reduce 50.00%	−79,417	−0.05
≡	FLUT – FLUTTER ENTMT PLC	Reduce 22.00%	−1,084	−0.01
≡	SPOTIFY USA INC	Reduce 8.00%	−33	0.01
Q1 2025filed May 14, 252 new17 added27 reduced7 exited
≡	ZH – ZHIHU INC	Sell	−21,246	−5.18
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 72.00%	−162,975	−1.59
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 18.00%	−40,240	1.29
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 66.00%	−149,359	−1.27
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 24.00%	−54,169	0.97
≡	RYAAY – RYANAIR HOLDINGS PLC	Sell	−291,053	−0.87
≡	ADI – ANALOG DEVICES INC	Reduce 77.00%	−80,771	−0.85
≡	ETN – EATON CORP PLC	Sell	−31,789	−0.73
≡	ADI – ANALOG DEVICES INC	Reduce 72.00%	−75,585	−0.70
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 10.00%	−18,351	0.69
≡	SW – SMURFIT WESTROCK PLC	Reduce 59.00%	−315,426	−0.58
≡	ADI – ANALOG DEVICES INC	Reduce 30.00%	−31,679	0.55
≡	CRH – CRH PLC	Reduce 33.00%	−86,026	0.50
≡	ADI – ANALOG DEVICES INC	Reduce 33.00%	−34,052	0.49
≡	DAL – DELTA AIR LINES INC DEL	Reduce 48.00%	−232,610	−0.47
≡	SW – SMURFIT WESTROCK PLC	Reduce 50.00%	−267,895	−0.28
≡	IONQ – IONQ INC	Reduce 59.00%	−94,317	−0.26
≡	SOHO HOUSE & CO INC	Reduce 6.00%	−52,628	0.25
≡	IONQ – IONQ INC	Reduce 50.00%	−80,156	−0.21
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 59.00%	−106,270	−0.17
≡	DAL – DELTA AIR LINES INC DEL	Reduce 37.00%	−179,022	−0.14
≡	AMZN – AMAZON COM INC	Reduce 20.00%	−4,292	0.14
≡	MAR – MARRIOTT INTL INC NEW	Reduce 80.00%	−8,366	−0.13
≡	CRH – CRH PLC	Reduce 45.00%	−116,573	0.12
≡	SOHO HOUSE & CO INC	Reduce 58.00%	−474,383	−0.12
≡	MRNA – MODERNA INC	Sell	−35,000	−0.10
≡	AEM – AGNICO EAGLE MINES LTD	Reduce 6.00%	−334	0.05
≡	SOHO HOUSE & CO INC	Reduce 49.00%	−399,279	−0.05
≡	FCX – FREEPORT-MCMORAN INC	Reduce 44.00%	−60,446	0.05
≡	BILI – BILIBILI INC	Sell	−33,645	−0.04
≡	FCX – FREEPORT-MCMORAN INC	Reduce 54.00%	−74,287	−0.02
≡	VMC – VULCAN MATLS CO	Sell	−1,155	−0.02
≡	SPOT – SPOTIFY TECHNOLOGY S A	Sell	−527	−0.02
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 50.00%	−90,229	−0.01

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 14, 266 new37 added17 reduced4 exited
≡	RAL – RALLIANT CORP	Reduce 98.00%	−96,062	3.63
≡	ADI – ANALOG DEVICES INC	Reduce 62.00%	−121,302	−2.68
≡	ADI – ANALOG DEVICES INC	Reduce 56.00%	−110,786	−2.50
≡	ADI – ANALOG DEVICES INC	Reduce 55.00%	−108,665	−2.47
≡	TSM – TAIWAN SEMICONDUCTOR MANUFAC	Reduce 14.00%	−21,817	−1.14
≡	ADI – ANALOG DEVICES INC	Reduce 6.00%	−11,334	−0.88
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 95.00%	−27,130	−0.79
≡	ETN – EATON CORP PLC	Reduce 78.00%	−31,838	−0.79
≡	ETN – EATON CORP PLC	Reduce 76.00%	−30,710	−0.77
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 56.00%	−16,055	−0.58
≡	CRH – CRH PLC	Sell	−63,800	−0.58
≡	ETN – EATON CORP PLC	Reduce 45.00%	−18,494	−0.54
≡	IONQ – IONQ INC	Reduce 71.00%	−129,914	−0.52
≡	IONQ – IONQ INC	Reduce 47.00%	−85,694	−0.46
≡	ETN – EATON CORP PLC	Reduce 34.00%	−13,649	−0.45
≡	IONQ – IONQ INC	Reduce 40.00%	−73,222	−0.44
≡	SOHO HOUSE & CO INC	Sell	−423,569	−0.28
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 15.00%	−12,670	−0.15
≡	AMZN – AMAZON COM INC	Reduce 13.00%	−597	−0.03
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,645	−0.03
≡	FTV – FORTIVE CORP	Sell	−2,021	−0.01
Q4 2025filed Feb 13, 267 new28 added27 reduced1 exited
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 79.00%	−500,210	−11.72
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 75.00%	−476,445	−11.19
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 69.00%	−437,439	−10.32
≡	LIN – LINDE PLC	Reduce 38.00%	−137,085	−7.27
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 35.00%	−223,791	−5.56
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 31.00%	−193,436	−4.89
≡	AMZN – AMAZON COM INC	Reduce 95.00%	−84,359	−1.54
≡	SW – SMURFIT WESTROCK PLC	Reduce 56.00%	−327,585	−1.34
≡	IONQ – IONQ INC	Reduce 97.00%	−1,549,763	−1.32
≡	IONQ – IONQ INC	Reduce 95.00%	−1,526,983	−1.25
≡	IONQ – IONQ INC	Reduce 94.00%	−1,512,130	−1.20
≡	IONQ – IONQ INC	Reduce 89.00%	−1,419,849	−0.89
≡	AMZN – AMAZON COM INC	Reduce 52.00%	−45,860	−0.89
≡	ROK – ROCKWELL AUTOMATION INC	Reduce 92.00%	−27,084	−0.79
≡	IONQ – IONQ INC	Reduce 85.00%	−1,363,782	−0.71
≡	CRH – CRH PLC	Reduce 64.00%	−55,909	−0.58
≡	CRH – CRH PLC	Reduce 58.00%	−50,254	−0.53
≡	TXN – TEXAS INSTRS INC	Reduce 86.00%	−31,062	−0.49
≡	ARM – ARM HOLDINGS PLC	Reduce 15.00%	−9,293	−0.30
≡	CRH – CRH PLC	Reduce 27.00%	−23,205	−0.28
≡	PTCHF – PURETECH HEALTH PLC	Sell	−1,829,069	−0.20
≡	FTV – FORTIVE CORP	Reduce 96.00%	−46,354	−0.19
≡	CRH – CRH PLC	Reduce 9.00%	−7,461	−0.14
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 10.00%	−16,080	−0.10
≡	SOHO HOUSE & CO INC	Reduce 18.00%	−75,104	−0.08
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 8.00%	−12,376	−0.07
≡	RAL – RALLIANT CORP	Reduce 88.00%	−15,439	−0.06
≡	FLUT – FLUTTER ENTMT PLC	Reduce 36.00%	−908	−0.03
Q3 2025filed Nov 14, 2510 new19 added21 reduced3 exited
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 51.00%	−151,954	−5.40
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 41.00%	−122,532	−4.71
≡	DAL – DELTA AIR LINES INC DEL	Reduce 65.00%	−415,550	−3.02
≡	SW – SMURFIT WESTROCK PLC	Reduce 78.00%	−456,552	−2.83
≡	DAL – DELTA AIR LINES INC DEL	Reduce 59.00%	−372,240	−2.82
≡	SW – SMURFIT WESTROCK PLC	Reduce 73.00%	−430,370	−2.74
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 61.00%	−197,699	−2.34
≡	UAL – UNITED AIRLS HLDGS INC	Reduce 53.00%	−172,392	−2.14
≡	ADI – ANALOG DEVICES INC	Reduce 80.00%	−55,968	−1.88
≡	SW – SMURFIT WESTROCK PLC	Reduce 30.00%	−178,983	−1.85
≡	ADI – ANALOG DEVICES INC	Reduce 76.00%	−53,175	−1.82
≡	ADI – ANALOG DEVICES INC	Reduce 38.00%	−26,353	−1.27
≡	AMZN – AMAZON COM INC	Reduce 69.00%	−32,955	−1.09
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 57.00%	−93,442	−1.09
≡	FCX – FREEPORT-MCMORAN INC	Sell	−190,604	−1.07
≡	AMZN – AMAZON COM INC	Reduce 63.00%	−30,044	−1.04
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 49.00%	−79,635	−1.00
≡	SOHO HOUSE & CO INC	Reduce 18.00%	−75,104	−0.15
≡	IONQ – IONQ INC	Reduce 18.00%	−14,161	−0.11
≡	FLUT – FLUTTER ENTMT PLC	Reduce 35.00%	−1,372	−0.09
≡	MAR – MARRIOTT INTL INC NEW	Reduce 36.00%	−738	−0.04
≡	SPOTIFY USA INC	Sell	−401	−0.04
≡	AEM – AGNICO EAGLE MINES LTD	Reduce 28.00%	−1,784	−0.03
≡	VMC – VULCAN MATLS CO	Sell	−1,002	−0.03
Q2 2025filed Aug 14, 256 new20 added20 reduced2 exited
≡	LIN – LINDE PLC	Reduce 31.00%	−136,638	−10.56
≡	CRH – CRH PLC	Reduce 84.00%	−330,700	−4.15
≡	CRH – CRH PLC	Reduce 82.00%	−320,552	−4.03
≡	CRH – CRH PLC	Reduce 54.00%	−211,950	−2.74
≡	CRH – CRH PLC	Reduce 45.00%	−177,668	−2.33
≡	ADI – ANALOG DEVICES INC	Reduce 79.00%	−58,068	−1.62
≡	ADI – ANALOG DEVICES INC	Reduce 76.00%	−55,658	−1.55
≡	SW – SMURFIT WESTROCK PLC	Reduce 48.00%	−128,207	−0.93
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 54.00%	−87,919	−0.87
≡	SW – SMURFIT WESTROCK PLC	Reduce 39.00%	−104,760	−0.80
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 47.00%	−75,572	−0.76
≡	ADI – ANALOG DEVICES INC	Reduce 40.00%	−29,043	−0.73
≡	DAL – DELTA AIR LINES INC DEL	Reduce 40.00%	−121,253	−0.71
≡	DAL – DELTA AIR LINES INC DEL	Reduce 31.00%	−91,990	−0.52
≡	SOHO HOUSE & CO INC	Reduce 55.00%	−421,755	−0.34
≡	ABX – BARRICK GOLD CORP	Sell	−100,790	−0.28
≡	SOHO HOUSE & CO INC	Reduce 45.00%	−346,651	−0.27
≡	IONQ – IONQ INC	Reduce 59.00%	−93,578	−0.13
≡	BABA – ALIBABA GROUP HLDG LTD	Sell	−2,955	−0.06
≡	IONQ – IONQ INC	Reduce 50.00%	−79,417	−0.05
≡	FLUT – FLUTTER ENTMT PLC	Reduce 22.00%	−1,084	−0.01
≡	SPOTIFY USA INC	Reduce 8.00%	−33	0.01
Q1 2025filed May 14, 252 new17 added27 reduced7 exited
≡	ZH – ZHIHU INC	Sell	−21,246	−5.18
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 72.00%	−162,975	−1.59
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 18.00%	−40,240	1.29
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 66.00%	−149,359	−1.27
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 24.00%	−54,169	0.97
≡	RYAAY – RYANAIR HOLDINGS PLC	Sell	−291,053	−0.87
≡	ADI – ANALOG DEVICES INC	Reduce 77.00%	−80,771	−0.85
≡	ETN – EATON CORP PLC	Sell	−31,789	−0.73
≡	ADI – ANALOG DEVICES INC	Reduce 72.00%	−75,585	−0.70
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 10.00%	−18,351	0.69
≡	SW – SMURFIT WESTROCK PLC	Reduce 59.00%	−315,426	−0.58
≡	ADI – ANALOG DEVICES INC	Reduce 30.00%	−31,679	0.55
≡	CRH – CRH PLC	Reduce 33.00%	−86,026	0.50
≡	ADI – ANALOG DEVICES INC	Reduce 33.00%	−34,052	0.49
≡	DAL – DELTA AIR LINES INC DEL	Reduce 48.00%	−232,610	−0.47
≡	SW – SMURFIT WESTROCK PLC	Reduce 50.00%	−267,895	−0.28
≡	IONQ – IONQ INC	Reduce 59.00%	−94,317	−0.26
≡	SOHO HOUSE & CO INC	Reduce 6.00%	−52,628	0.25
≡	IONQ – IONQ INC	Reduce 50.00%	−80,156	−0.21
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 59.00%	−106,270	−0.17
≡	DAL – DELTA AIR LINES INC DEL	Reduce 37.00%	−179,022	−0.14
≡	AMZN – AMAZON COM INC	Reduce 20.00%	−4,292	0.14
≡	MAR – MARRIOTT INTL INC NEW	Reduce 80.00%	−8,366	−0.13
≡	CRH – CRH PLC	Reduce 45.00%	−116,573	0.12
≡	SOHO HOUSE & CO INC	Reduce 58.00%	−474,383	−0.12
≡	MRNA – MODERNA INC	Sell	−35,000	−0.10
≡	AEM – AGNICO EAGLE MINES LTD	Reduce 6.00%	−334	0.05
≡	SOHO HOUSE & CO INC	Reduce 49.00%	−399,279	−0.05
≡	FCX – FREEPORT-MCMORAN INC	Reduce 44.00%	−60,446	0.05
≡	BILI – BILIBILI INC	Sell	−33,645	−0.04
≡	FCX – FREEPORT-MCMORAN INC	Reduce 54.00%	−74,287	−0.02
≡	VMC – VULCAN MATLS CO	Sell	−1,155	−0.02
≡	SPOT – SPOTIFY TECHNOLOGY S A	Sell	−527	−0.02
≡	GOLF – ACUSHNET HLDGS CORP	Reduce 50.00%	−90,229	−0.01

Hist

Stock

Activity

Share change

% change to portfolio

Q1 2026filed May 14, 266 new37 added17 reduced4 exited

≡

RAL – RALLIANT CORP

Reduce 98.00%

−96,062

3.63

≡

ADI – ANALOG DEVICES INC

Reduce 62.00%

−121,302

−2.68

≡

ADI – ANALOG DEVICES INC

Reduce 56.00%

−110,786

−2.50

≡

ADI – ANALOG DEVICES INC

Reduce 55.00%

−108,665

−2.47

≡

TSM – TAIWAN SEMICONDUCTOR MANUFAC

Reduce 14.00%

−21,817

−1.14

≡

ADI – ANALOG DEVICES INC

Reduce 6.00%

−11,334

−0.88

≡

ROK – ROCKWELL AUTOMATION INC

Reduce 95.00%

−27,130

−0.79

≡

ETN – EATON CORP PLC

Reduce 78.00%

−31,838

−0.79

≡

ETN – EATON CORP PLC

Reduce 76.00%

−30,710

−0.77

≡

ROK – ROCKWELL AUTOMATION INC

Reduce 56.00%

−16,055

−0.58

≡

CRH – CRH PLC

Sell

−63,800

−0.58

≡

ETN – EATON CORP PLC

Reduce 45.00%

−18,494

−0.54

≡

IONQ – IONQ INC

Reduce 71.00%

−129,914

−0.52

≡

IONQ – IONQ INC

Reduce 47.00%

−85,694

−0.46

≡

ETN – EATON CORP PLC

Reduce 34.00%

−13,649

−0.45

≡

IONQ – IONQ INC

Reduce 40.00%

−73,222

−0.44

≡

SOHO HOUSE & CO INC

Sell

−423,569

−0.28

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 15.00%

−12,670

−0.15

≡

AMZN – AMAZON COM INC

Reduce 13.00%

−597

−0.03

≡

FLUT – FLUTTER ENTMT PLC

Sell

−1,645

−0.03

≡

FTV – FORTIVE CORP

Sell

−2,021

−0.01

Q4 2025filed Feb 13, 267 new28 added27 reduced1 exited

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 79.00%

−500,210

−11.72

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 75.00%

−476,445

−11.19

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 69.00%

−437,439

−10.32

≡

LIN – LINDE PLC

Reduce 38.00%

−137,085

−7.27

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 35.00%

−223,791

−5.56

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 31.00%

−193,436

−4.89

≡

AMZN – AMAZON COM INC

Reduce 95.00%

−84,359

−1.54

≡

SW – SMURFIT WESTROCK PLC

Reduce 56.00%

−327,585

−1.34

≡

IONQ – IONQ INC

Reduce 97.00%

−1,549,763

−1.32

≡

IONQ – IONQ INC

Reduce 95.00%

−1,526,983

−1.25

≡

IONQ – IONQ INC

Reduce 94.00%

−1,512,130

−1.20

≡

IONQ – IONQ INC

Reduce 89.00%

−1,419,849

−0.89

≡

AMZN – AMAZON COM INC

Reduce 52.00%

−45,860

−0.89

≡

ROK – ROCKWELL AUTOMATION INC

Reduce 92.00%

−27,084

−0.79

≡

IONQ – IONQ INC

Reduce 85.00%

−1,363,782

−0.71

≡

CRH – CRH PLC

Reduce 64.00%

−55,909

−0.58

≡

CRH – CRH PLC

Reduce 58.00%

−50,254

−0.53

≡

TXN – TEXAS INSTRS INC

Reduce 86.00%

−31,062

−0.49

≡

ARM – ARM HOLDINGS PLC

Reduce 15.00%

−9,293

−0.30

≡

CRH – CRH PLC

Reduce 27.00%

−23,205

−0.28

≡

PTCHF – PURETECH HEALTH PLC

Sell

−1,829,069

−0.20

≡

FTV – FORTIVE CORP

Reduce 96.00%

−46,354

−0.19

≡

CRH – CRH PLC

Reduce 9.00%

−7,461

−0.14

≡

UAL – UNITED AIRLS HLDGS INC

Reduce 10.00%

−16,080

−0.10

≡

SOHO HOUSE & CO INC

Reduce 18.00%

−75,104

−0.08

≡

UAL – UNITED AIRLS HLDGS INC

Reduce 8.00%

−12,376

−0.07

≡

RAL – RALLIANT CORP

Reduce 88.00%

−15,439

−0.06

≡

FLUT – FLUTTER ENTMT PLC

Reduce 36.00%

−908

−0.03

Q3 2025filed Nov 14, 2510 new19 added21 reduced3 exited

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 51.00%

−151,954

−5.40

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 41.00%

−122,532

−4.71

≡

DAL – DELTA AIR LINES INC DEL

Reduce 65.00%

−415,550

−3.02

≡

SW – SMURFIT WESTROCK PLC

Reduce 78.00%

−456,552

−2.83

≡

DAL – DELTA AIR LINES INC DEL

Reduce 59.00%

−372,240

−2.82

≡

SW – SMURFIT WESTROCK PLC

Reduce 73.00%

−430,370

−2.74

≡

UAL – UNITED AIRLS HLDGS INC

Reduce 61.00%

−197,699

−2.34

≡

UAL – UNITED AIRLS HLDGS INC

Reduce 53.00%

−172,392

−2.14

≡

ADI – ANALOG DEVICES INC

Reduce 80.00%

−55,968

−1.88

≡

SW – SMURFIT WESTROCK PLC

Reduce 30.00%

−178,983

−1.85

≡

ADI – ANALOG DEVICES INC

Reduce 76.00%

−53,175

−1.82

≡

ADI – ANALOG DEVICES INC

Reduce 38.00%

−26,353

−1.27

≡

AMZN – AMAZON COM INC

Reduce 69.00%

−32,955

−1.09

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 57.00%

−93,442

−1.09

≡

FCX – FREEPORT-MCMORAN INC

Sell

−190,604

−1.07

≡

AMZN – AMAZON COM INC

Reduce 63.00%

−30,044

−1.04

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 49.00%

−79,635

−1.00

≡

SOHO HOUSE & CO INC

Reduce 18.00%

−75,104

−0.15

≡

IONQ – IONQ INC

Reduce 18.00%

−14,161

−0.11

≡

FLUT – FLUTTER ENTMT PLC

Reduce 35.00%

−1,372

−0.09

≡

MAR – MARRIOTT INTL INC NEW

Reduce 36.00%

−738

−0.04

≡

SPOTIFY USA INC

Sell

−401

−0.04

≡

AEM – AGNICO EAGLE MINES LTD

Reduce 28.00%

−1,784

−0.03

≡

VMC – VULCAN MATLS CO

Sell

−1,002

−0.03

Q2 2025filed Aug 14, 256 new20 added20 reduced2 exited

≡

LIN – LINDE PLC

Reduce 31.00%

−136,638

−10.56

≡

CRH – CRH PLC

Reduce 84.00%

−330,700

−4.15

≡

CRH – CRH PLC

Reduce 82.00%

−320,552

−4.03

≡

CRH – CRH PLC

Reduce 54.00%

−211,950

−2.74

≡

CRH – CRH PLC

Reduce 45.00%

−177,668

−2.33

≡

ADI – ANALOG DEVICES INC

Reduce 79.00%

−58,068

−1.62

≡

ADI – ANALOG DEVICES INC

Reduce 76.00%

−55,658

−1.55

≡

SW – SMURFIT WESTROCK PLC

Reduce 48.00%

−128,207

−0.93

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 54.00%

−87,919

−0.87

≡

SW – SMURFIT WESTROCK PLC

Reduce 39.00%

−104,760

−0.80

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 47.00%

−75,572

−0.76

≡

ADI – ANALOG DEVICES INC

Reduce 40.00%

−29,043

−0.73

≡

DAL – DELTA AIR LINES INC DEL

Reduce 40.00%

−121,253

−0.71

≡

DAL – DELTA AIR LINES INC DEL

Reduce 31.00%

−91,990

−0.52

≡

SOHO HOUSE & CO INC

Reduce 55.00%

−421,755

−0.34

≡

ABX – BARRICK GOLD CORP

Sell

−100,790

−0.28

≡

SOHO HOUSE & CO INC

Reduce 45.00%

−346,651

−0.27

≡

IONQ – IONQ INC

Reduce 59.00%

−93,578

−0.13

≡

BABA – ALIBABA GROUP HLDG LTD

Sell

−2,955

−0.06

≡

IONQ – IONQ INC

Reduce 50.00%

−79,417

−0.05

≡

FLUT – FLUTTER ENTMT PLC

Reduce 22.00%

−1,084

−0.01

≡

SPOTIFY USA INC

Reduce 8.00%

−33

0.01

Q1 2025filed May 14, 252 new17 added27 reduced7 exited

≡

ZH – ZHIHU INC

Sell

−21,246

−5.18

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 72.00%

−162,975

−1.59

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 18.00%

−40,240

1.29

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 66.00%

−149,359

−1.27

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 24.00%

−54,169

0.97

≡

RYAAY – RYANAIR HOLDINGS PLC

Sell

−291,053

−0.87

≡

ADI – ANALOG DEVICES INC

Reduce 77.00%

−80,771

−0.85

≡

ETN – EATON CORP PLC

Sell

−31,789

−0.73

≡

ADI – ANALOG DEVICES INC

Reduce 72.00%

−75,585

−0.70

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 10.00%

−18,351

0.69

≡

SW – SMURFIT WESTROCK PLC

Reduce 59.00%

−315,426

−0.58

≡

ADI – ANALOG DEVICES INC

Reduce 30.00%

−31,679

0.55

≡

CRH – CRH PLC

Reduce 33.00%

−86,026

0.50

≡

ADI – ANALOG DEVICES INC

Reduce 33.00%

−34,052

0.49

≡

DAL – DELTA AIR LINES INC DEL

Reduce 48.00%

−232,610

−0.47

≡

SW – SMURFIT WESTROCK PLC

Reduce 50.00%

−267,895

−0.28

≡

IONQ – IONQ INC

Reduce 59.00%

−94,317

−0.26

≡

SOHO HOUSE & CO INC

Reduce 6.00%

−52,628

0.25

≡

IONQ – IONQ INC

Reduce 50.00%

−80,156

−0.21

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 59.00%

−106,270

−0.17

≡

DAL – DELTA AIR LINES INC DEL

Reduce 37.00%

−179,022

−0.14

≡

AMZN – AMAZON COM INC

Reduce 20.00%

−4,292

0.14

≡

MAR – MARRIOTT INTL INC NEW

Reduce 80.00%

−8,366

−0.13

≡

CRH – CRH PLC

Reduce 45.00%

−116,573

0.12

≡

SOHO HOUSE & CO INC

Reduce 58.00%

−474,383

−0.12

≡

MRNA – MODERNA INC

Sell

−35,000

−0.10

≡

AEM – AGNICO EAGLE MINES LTD

Reduce 6.00%

−334

0.05

≡

SOHO HOUSE & CO INC

Reduce 49.00%

−399,279

−0.05

≡

FCX – FREEPORT-MCMORAN INC

Reduce 44.00%

−60,446

0.05

≡

BILI – BILIBILI INC

Sell

−33,645

−0.04

≡

FCX – FREEPORT-MCMORAN INC

Reduce 54.00%

−74,287

−0.02

≡

VMC – VULCAN MATLS CO

Sell

−1,155

−0.02

≡

SPOT – SPOTIFY TECHNOLOGY S A

Sell

−527

−0.02

≡

GOLF – ACUSHNET HLDGS CORP

Reduce 50.00%

−90,229

−0.01