Lansdowne Partners (Uk) L

Paul Ruddock & Steven Heinz

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

26

Market Value

$2.4B

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$TSM

Taiwan Semiconductor Manufacturing Company Limited

29.0%

% of Portfolio

2

$ARM

Arm Holdings plc

15.6%

% of Portfolio

3

$DAL

Delta Air Lines, Inc.

9.5%

% of Portfolio

4

$ADI

Analog Devices, Inc.

9.4%

% of Portfolio

5

$UAL

United Airlines Holdings, Inc.

8.7%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
TSM29.0%24.2%29.5%32.9%
ARM15.6%7.6%3.8%-
DAL9.5%8.8%12.3%10.8%
ADI9.4%11.3%12.6%3.1%
UAL8.7%7.5%10.1%8.8%
BKR5.7%---
LIN5.1%11.9%7.1%14.4%
SLB4.9%8.1%--
GOLF2.5%2.6%3.1%3.5%
IONQ2.1%--3.2%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

BKR+13.12%
SLB+15.19%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

ARM-29.29%
TSM-12.89%
UAL-17.85%
GOLF-24.70%
IONQ-22.02%

Sector Analysis

Energy10.6%
Materials6.5%
Healthcare0.8%
Technology57.6%
Industrials20.1%
Real Estate0.0%
Consumer Discretionary4.5%

Trading Summary

1

$NVT

0.5%

2

$A

0.5%

3

$ST

0.3%

4

$LAMR

0.0%

5

$OUT

0.0%

All Holdings

1

$TSM

29.0%

2

$ARM

15.6%

3

$DAL

9.5%

4

$ADI

9.4%

5

$UAL

8.7%

6

$BKR

5.7%

7

$LIN

5.1%

8

$SLB

4.9%

9

$GOLF

2.5%

10

$IONQ

2.1%

11

$AMZN

1.3%

12

$TXN

1.1%

13

$TECK

0.8%

14

$SW

0.7%

15

$B

0.6%

16

$RAL

0.6%

17

$ETN

0.6%

18

$NVT

0.5%

19

$A

0.5%

20

$MDT

0.3%

21

$ST

0.3%

22

$ROK

0.2%

23

$AEM

0.0%

24

$MAR

0.0%

25

$LAMR

0.0%

26

$OUT

0.0%