Lancaster Investment Management

Matthew Wood

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

9

Market Value

$165.4M

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
LBTYA26.0%28.3%20.6%20.4%
SATS24.1%---
FLUT20.1%20.0%14.2%17.4%
MANU14.4%9.0%7.3%5.8%
GGAL6.4%---
BMA6.1%---
LEVI1.1%---
DKS1.1%10.0%9.5%13.5%
GLRE0.7%1.1%0.8%0.6%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

ALV+14.09%
FLUT-2.54%
GGAL-18.05%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

SATS-11.33%
LBTYA-6.42%
MANU+4.75%
BMA-21.30%

Sector Analysis

Financials13.2%
Consumer Staples0.0%
Communication Services64.5%
Consumer Discretionary22.3%

Trading Summary