LANSDOWNE PARTNERS (UK) LLP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, LANSDOWNE PARTNERS (UK) LLP initiated 2 new positions, increased allocation to 10 existing positions, trimmed 2 positions, and exited 4 positions entirely. The fund's 13F equity book grew from $1.36B to $1.87B (+36.9% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $1.36BPrior quarter
- $1.87BCurrent quarter
- + $0.50BNet delta
- +36.9%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SCHLUMBERGER LTD | SLB | 8.14% | History → |
| BAKER HUGHES COMPANY | BKR | 0.13% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY | SW | +3.26% | +627.08% | History → |
| MEDTRONIC PLC | MDT | +0.19% | +182.94% | Holders → |
| ARM HOLDINGS PLC | ARM | +3.80% | +98.17% | History → |
| LINDE PLC | LIN | +4.82% | +97.49% | History → |
| RALLIANT CORP | RAL | +0.06% | +94.91% | Holders → |
| AMAZON COM INC | AMZN | +0.07% | +64.11% | Holders → |
| BARRICK MNG CORP | B | +-0.10% | +29.18% | Holders → |
| UNITED AIRLINES HOLDINGS INC | UAL | +-2.53% | +24.46% | History → |
| IONQ INC | IONQ | +-0.89% | +23.77% | Holders → |
| TEXAS INSTRS INC | TXN | +-0.04% | +17.95% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ROCKWELL AUTOMATION INC | ROK | -0.62% | -54.77% | Holders → |
| ACUSHNET HLDGS CORP | GOLF | -0.48% | -1.28% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CRH PLC (CRH) | CRH | 2.82% |
| SOHO HOUSE & CO INC | SYN_586001109 | 1.69% |
| FORTIVE CORP | FTV | 0.20% |
| FLUTTER ENTMT PLC | FLUT | 0.03% |
Methodology & FAQ
How LANSDOWNE PARTNERS (UK) LLP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for LANSDOWNE PARTNERS (UK) LLP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did LANSDOWNE PARTNERS (UK) LLP initiate in Q1 2026?
LANSDOWNE PARTNERS (UK) LLP established 2 new positions in Q1 2026: SCHLUMBERGER LTD (SLB, 8.14%), BAKER HUGHES COMPANY (BKR, 0.13%).
Which existing positions saw the largest allocation increases for LANSDOWNE PARTNERS (UK) LLP in Q1 2026?
The largest portfolio-weight increases in existing positions were: SMURFIT WESTROCK PUBLIC LIMITED COMPANY (SW, +3.26% weight, +627.08% shares), MEDTRONIC PLC (MDT, +0.19% weight, +182.94% shares), ARM HOLDINGS PLC (ARM, +3.80% weight, +98.17% shares), LINDE PLC (LIN, +4.82% weight, +97.49% shares), RALLIANT CORP (RAL, +0.06% weight, +94.91% shares), AMAZON COM INC (AMZN, +0.07% weight, +64.11% shares), BARRICK MNG CORP (B, +-0.10% weight, +29.18% shares), UNITED AIRLINES HOLDINGS INC (UAL, +-2.53% weight, +24.46% shares), IONQ INC (IONQ, +-0.89% weight, +23.77% shares), TEXAS INSTRS INC (TXN, +-0.04% weight, +17.95% shares).
Which positions did LANSDOWNE PARTNERS (UK) LLP fully exit in Q1 2026?
LANSDOWNE PARTNERS (UK) LLP fully exited 4 positions in Q1 2026: CRH PLC (CRH) (CRH, last-reported weight 2.82%), SOHO HOUSE & CO INC (SYN_586001109, last-reported weight 1.69%), FORTIVE CORP (FTV, last-reported weight 0.20%), FLUTTER ENTMT PLC (FLUT, last-reported weight 0.03%).
Which existing positions saw the largest allocation reductions for LANSDOWNE PARTNERS (UK) LLP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: ROCKWELL AUTOMATION INC (ROK, -0.62% weight, -54.77% shares), ACUSHNET HLDGS CORP (GOLF, -0.48% weight, -1.28% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.