Trinity Street Asset Management LLP

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
10/28/2025
Form type
13F-HR
Num holdings
21
Total value ($000)
$1,467,133
Net value change ($000)
+9,651 (0.7%)
New positions
1
Sold out positions
0
Turnover %
1.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/23/2025 Next filing: 1/22/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TSM 38,268 16.0%
ICLR 30,036 24.5%
DHI 25,140 NEW
GOOGL 12,443 35.2%
UBER 11,348 62.2%
EFX 7,981 42.4%
NOC 5,174 21.4%
CACI 1,095 4.2%
NUE 900 4.1%
CLH 9 0.0%
Top Reduces (Value $000, Stocks/ETFs)
HDB -40,666 -16.3%
INFY -36,813 -17.8%
KB -21,691 -79.9%
RYAAY -4,842 -2.1%
INTU -4,400 -13.6%
CNH INDL N V -4,090 -16.6%
CTSH -3,792 -14.4%
MSFT -3,164 -7.2%
CI -2,262 -9.0%
AXTA -918 -4.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type