Trinity Street Asset Management LLP

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
1/22/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$1,591,299
Net value change ($000)
+124,166 (8.5%)
New positions
2
Sold out positions
1
Turnover %
3.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/28/2025 Next filing: 4/24/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
ICLR 42,998 28.2%
RYAAY 40,723 18.1%
COHR 26,555 NEW
TSM 16,818 6.1%
INFY 12,528 7.4%
HDB 12,164 5.8%
AMD 7,619 NEW
CTSH 5,069 22.5%
NUE 3,335 14.7%
CNH INDL N V 1,951 9.5%
Top Reduces (Value $000, Stocks/ETFs)
AXTA -22,064 -100.0%
UBER -5,970 -20.2%
MSFT -4,636 -11.4%
EFX -3,271 -12.2%
NOC -3,067 -10.4%
INTU -2,154 -7.7%
DHI -2,065 -8.2%
CI -1,969 -8.6%
GOOGL -1,167 -2.4%
CLH -530 -1.9%
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