Theleme Partners LLP 13F: Quarter-over-Quarter Portfolio Changes
Theleme Partners LLP reported a disclosed portfolio value of approximately $1.5 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 2.3% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 6 holdings, trimmed 1 holding, and exited 1 position.
Theleme Partners LLP's top buy was a new stake in Robinhood Mkts INC (HOOD) , equal to 5.3% of the disclosed portfolio. Its top sell was Wells Fargo (WFC) . The fund exited the position completely after it had accounted for 12.0% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ROBINHOOD MKTS INC | HOOD | 5.3% | History → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC | UBER | +4.7% | +61.0% | History → |
| FLUTTER ENTMT PLC | FLUT | +-6.0% | +7.8% | History → |
| AMAZON.COM | AMZN | +-0.1% | +7.6% | History → |
| EQUIFAX INC | EFX | +-0.7% | +6.9% | History → |
| META PLATFORMS INC | META | +-1.3% | +4.6% | History → |
| TRANSUNION | TRU | +-1.8% | +3.9% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| MODERNA INC | MRNA | 11.7% | 0.4% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| WELLS FARGO | WFC | 12.0% |
Net Portfolio Value ChangeQ1 2026
- $1.5BPrior quarter
- $1.5BCurrent quarter
- $-0.0BNet delta
- -2.3%% change
Methodology & FAQ
How Theleme Partners LLP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Theleme Partners LLP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Theleme Partners LLP buy in Q1 2026?
In Q1 2026, Theleme Partners LLP initiated 1 new position (ROBINHOOD MKTS INC (HOOD)); bought more shares of UBER TECHNOLOGIES INC (UBER), FLUTTER ENTMT PLC (FLUT), AMAZON.COM (AMZN), EQUIFAX INC (EFX), META PLATFORMS INC (META) — the largest 5 of 6 adds.
What stocks did Theleme Partners LLP sell in Q1 2026?
In Q1 2026, Theleme Partners LLP fully sold 1 position (WELLS FARGO (WFC)); reduced holdings in MODERNA INC (MRNA).
Which positions did Theleme Partners LLP initiate in Q1 2026?
Theleme Partners LLP established 1 new position in Q1 2026: ROBINHOOD MKTS INC (HOOD, 5.3%).
Which existing positions saw the largest allocation increases for Theleme Partners LLP in Q1 2026?
Of 6 existing positions with share-count increases in Q1 2026, the largest were: UBER TECHNOLOGIES INC (UBER, +4.7% weight, +61.0% shares), FLUTTER ENTMT PLC (FLUT, +-6.0% weight, +7.8% shares), AMAZON.COM (AMZN, +-0.1% weight, +7.6% shares), EQUIFAX INC (EFX, +-0.7% weight, +6.9% shares), META PLATFORMS INC (META, +-1.3% weight, +4.6% shares), TRANSUNION (TRU, +-1.8% weight, +3.9% shares).
Which positions did Theleme Partners LLP fully exit in Q1 2026?
Theleme Partners LLP fully exited 1 position in Q1 2026: WELLS FARGO (WFC, last-reported weight 12.0%).
Which existing positions saw the largest allocation reductions for Theleme Partners LLP in Q1 2026?
Of 1 existing position with share-count reductions in Q1 2026, the largest were: MODERNA INC (MRNA, 11.7% weight, -0.4% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.