Lancaster Investment Management

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
10/8/2025
Form type
13F-HR
Num holdings
8
Total value ($000)
$233,281
Net value change ($000)
-79,579 (-25.4%)
New positions
2
Sold out positions
2
Turnover %
27.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2025 Next filing: 1/12/2026 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)
DKS 31,552 NEW
TXG 7,269 NEW
LBTYA 2,490 5.5%
Top Reduces (Value $000, Stocks/ETFs)
FLUT -64,496 -61.4%
ALV -26,459 -25.9%
NKE -24,820 -100.0%
MANU -2,377 -15.0%
HDB -1,929 -10.9%
VFC -625 -100.0%
GLRE -184 -11.6%
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