Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$948M in Q2 2013 → $9.24B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Astrazeneca PLC | 19.0% | Added 26% | 9,357,390 | $1.75B |
| Carnival Corp Ltd | 12.7% | New | 41,190,606 | $1.18B |
| Deutsche Bank Ag | 10.8% | Added 18% | 29,358,318 | $994M |
| Smurfit Westrock PLC | 7.5% | Trimmed 3.4% | 15,039,041 | $696M |
| Canadian Pacific Kansas City Ltd | 6.3% | Trimmed 24% | 6,711,483 | $582M |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.8% | Added 4.6% | 532,052 | $254M |
| Alaska Air Group Inc | 1.8% | Added 27% | 3,183,163 | $166M |
| Carrier Global Corp | 1.7% | Added 3.6% | 2,178,506 | $160M |
| Live Nation Entertainment Inc | 1.4% | Added 34% | 706,301 | $129M |
| Merck & Co Inc | 1.3% | Added 12% | 954,932 | $123M |
| Meta Platforms Inc | 1.2% | Added 39% | 201,459 | $113M |
| Alphabet Inc | 1.2% | Trimmed 6.2% | 316,217 | $112M |
| Barclays PLC | 1.2% | Trimmed 2.4% | 3,975,718 | $107M |
| Credicorp Ltd | 1.1% | Added 4.2% | 255,436 | $99.5M |
| Sap Se | 1.1% | Added 38% | 629,801 | $97.1M |
| Alibaba Group Holding Ltd | 1.0% | Trimmed 6.9% | 995,040 | $95.5M |
| Axis Capital Holdings Ltd | 1.0% | Added 5.4% | 859,727 | $92.4M |
| Everest Group Ltd | 1.0% | Added 1.1% | 252,702 | $90.3M |
| Ingersoll Rand Inc | 0.9% | Added 65% | 1,033,693 | $84.8M |
| Koninklijke Philips Nv | 0.9% | Added 25% | 3,061,962 | $83.3M |
| NN Novo Nordisk A/s | 0.9% | Added 43% | 1,677,615 | $80.4M |
| Jones Lang Lasalle Inc | 0.8% | Added 33% | 248,252 | $76.9M |
| Citizens Financial Group Inc | 0.8% | Added 2.7% | 1,077,093 | $75.5M |
| Netease Inc | 0.8% | New | 572,412 | $73.3M |
| Diageo PLC | 0.8% | Added 35% | 899,015 | $72.3M |
| Zimmer Biomet Holdings Inc | 0.7% | Trimmed 2.4% | 788,810 | $67.9M |
| BC Boeing Co/the | 0.7% | Trimmed 0.3% | 313,048 | $67.8M |
| Citigroup Inc | 0.7% | Trimmed 28% | 458,858 | $64.2M |
| Natwest Group PLC | 0.7% | Added 17% | 3,487,290 | $61.5M |
| Biogen Inc | 0.7% | Trimmed 0.9% | 278,283 | $60.1M |
| Gold Fields Ltd | 0.6% | Added 4.8% | 1,713,233 | $57.5M |
| Analog Devices Inc | 0.6% | Trimmed 30% | 142,050 | $56.4M |
| Relx PLC | 0.6% | Trimmed 24% | 1,762,329 | $55.8M |
| Anglogold Ashanti PLC | 0.6% | Trimmed 23% | 688,027 | $55.7M |
| Ing Groep Nv | 0.6% | Added 9.9% | 1,690,687 | $53.1M |
| Booz Allen Hamilton Holding Corp | 0.6% | Trimmed 0.9% | 849,966 | $51.6M |
| Texas Instruments Inc | 0.5% | Trimmed 19% | 166,496 | $49.6M |
| National Grid PLC | 0.5% | Added 9.6% | 590,240 | $48.9M |
| Dte Energy Co | 0.5% | Trimmed 0.5% | 320,526 | $48.8M |
| Pfizer Inc | 0.5% | Added 0.1% | 1,916,801 | $46.2M |
| Petroleo Brasileiro Sa - Petrobras | 0.5% | Added 107% | 3,096,624 | $45.3M |
| Prudential PLC | 0.5% | Added 28% | 1,689,218 | $45.3M |
| Smith & Nephew PLC | 0.5% | Added 64% | 1,565,167 | $45.1M |
| Tal Education Group | 0.4% | Added 19% | 4,125,430 | $39.5M |
| IM Ishares Msci India Small-cap ETF | 0.4% | Added 15% | 542,849 | $38.4M |
| Unitedhealth Group Inc | 0.4% | Added 22% | 87,447 | $36.3M |
| WD Walt Disney Co/the | 0.4% | Trimmed 36% | 360,600 | $34.7M |
| Sanofi Sa | 0.4% | Trimmed 24% | 804,056 | $34.3M |
| British American Tobacco PLC | 0.4% | Added 9.4% | 547,925 | $33.8M |
| Sumitomo Mitsui Financial Group Inc | 0.4% | Added 9.9% | 1,392,610 | $32.8M |
| Vista Energy Sab De Cv | 0.3% | Added 127% | 501,275 | $32M |
| IM Ishares Msci India ETF | 0.3% | Added 37% | 628,500 | $31M |
| Boston Scientific Corp | 0.3% | New | 720,339 | $30.7M |
| Jd.com Inc | 0.3% | New | 1,199,207 | $30.6M |
| VF Vanguard Ftse Developed Markets ETF | 0.3% | Trimmed 42% | 427,314 | $30.4M |
| Gerdau Sa | 0.3% | Added 5.7% | 7,229,538 | $29.2M |
| AI Anheuser-busch Inbev Sa/nv | 0.3% | Trimmed 40% | 347,657 | $28.6M |
| Pagseguro Digital Ltd | 0.3% | Trimmed 23% | 3,130,268 | $28.3M |
| Bxp Inc | 0.3% | Trimmed 0.6% | 378,480 | $25.1M |
| H World Group Ltd | 0.3% | New | 570,437 | $23.8M |
Showing top 60 of 122 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Carnival Corp Ltd | New | +41,190,606 | +$1.18B | 12.7% |
| Carnival Corp | Exited | −37,096,593 | −$960M | — |
| Astrazeneca PLC | Added | +1,935,641 | +$362M | 19.0% |
| Canadian Pacific Kansas City Ltd | Trimmed | −2,080,898 | −$180M | 6.3% |
| Deutsche Bank Ag | Added | +4,396,284 | +$149M | 10.8% |
| Netease Inc | New | +572,412 | +$73.3M | 0.8% |
| Whirlpool Corp | Exited | −1,201,993 | −$64.8M | — |
| Aptiv PLC | Exited | −683,463 | −$47.5M | — |
| Joyy Inc | Trimmed | −641,454 | −$42.3M | 0.1% |
| Cognizant Technology Solutions Corp | Trimmed | −1,009,407 | −$39.1M | 0.2% |
Showing the 10 largest of 125 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Astrazeneca PLC | New | +7,421,749 | +$1.44B | 17.7% |
| Deutsche Bank Ag | Added | +10,767,680 | +$312M | 8.9% |
| Canadian Pacific Kansas City Ltd | Trimmed | −3,804,421 | −$298M | 8.5% |
| Barrick Mining Corp | Trimmed | −6,085,659 | −$248M | — |
| Smurfit Westrock PLC | Trimmed | −3,566,851 | −$142M | 7.6% |
| Astrazeneca PLC | Exited | −1,010,898 | −$92.9M | — |
| Carnival Corp | Added | +3,151,811 | +$81.6M | 11.8% |
| Graphic Packaging Holding Co | Exited | −4,528,554 | −$68.2M | — |
| Dte Energy Co | New | +322,015 | +$47.1M | 0.6% |
| Anglogold Ashanti PLC | Added | +464,556 | +$44.6M | 1.1% |
Showing the 10 largest of 115 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IM Ishares Msci Eafe ETF | Trimmed | −4,876,663 | −$468M | 0.1% |
| Smurfit Westrock PLC | Added | +11,609,896 | +$449M | 10.2% |
| Barrick Mining Corp | Trimmed | −9,600,845 | −$417M | 3.6% |
| Deutsche Bank Ag | Trimmed | −3,424,411 | −$133M | 7.6% |
| Netease Inc | Exited | −638,315 | −$97M | — |
| Alphabet Inc | Trimmed | −262,157 | −$82.3M | 1.6% |
| Alaska Air Group Inc | New | +1,434,517 | +$72.2M | 1.0% |
| Canadian Pacific Kansas City Ltd | Trimmed | −926,071 | −$68.3M | 12.8% |
| Carnival Corp | Added | +2,032,781 | +$62.1M | 14.3% |
| Gsk PLC | Trimmed | −1,143,104 | −$56.1M | — |
Showing the 10 largest of 115 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IM Ishares Msci Eafe ETF | Added | +4,952,603 | +$462M | 6.1% |
| Carrier Global Corp | New | +1,466,481 | +$87.5M | 1.2% |
| Canadian Pacific Kansas City Ltd | Trimmed | −1,157,626 | −$86.2M | 13.3% |
| Carnival Corp | Added | +2,783,927 | +$80.5M | 12.2% |
| Barrick Mining Corp | Trimmed | −1,959,176 | −$64.2M | 6.8% |
| Everest Group Ltd | New | +175,686 | +$61.5M | 0.8% |
| Jd.com Inc | Exited | −1,854,381 | −$60.5M | — |
| Deutsche Bank Ag | Trimmed | −1,696,378 | −$59.7M | 8.2% |
| International Flavors & Fragrances Inc | Exited | −622,703 | −$45.8M | — |
| IM Ishares Msci India ETF | Added | +836,765 | +$43.6M | 0.7% |
Showing the 10 largest of 106 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Deutsche Bank Ag | Added | +17,801,643 | +$526M | 9.0% |
| Barrick Mining Corp | New | +17,653,416 | +$367M | 5.8% |
| BG Barrick Gold Corp | Exited | −11,838,827 | −$230M | — |
| Canadian Pacific Kansas City Ltd | Trimmed | −2,528,289 | −$200M | 18.4% |
| Smurfit Westrock PLC | Added | +4,321,850 | +$186M | 4.8% |
| Carnival Corp | Added | +2,563,008 | +$72.1M | 13.0% |
| Netease Inc | New | +441,494 | +$59.4M | 0.9% |
| Oracle Corp | Trimmed | −214,547 | −$46.9M | 1.0% |
| Xp Inc | New | +2,280,437 | +$46.1M | 0.7% |
| International Flavors & Fragrances Inc | New | +622,703 | +$45.8M | 0.7% |
Showing the 10 largest of 103 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Carnival Corp | New | +26,565,066 | +$519M | 10.8% |
| Check Point Software Technologies Ltd | Exited | −1,929,604 | −$360M | — |
| Canadian Pacific Kansas City Ltd | Added | +1,778,984 | +$125M | 25.2% |
| Banco Bradesco Sa | Trimmed | −32,714,894 | −$73M | 0.2% |
| BC Boeing Co/the | Exited | −302,750 | −$53.6M | — |
| Alibaba Group Holding Ltd | Added | +404,842 | +$53.5M | 3.7% |
| Aptiv PLC | New | +860,744 | +$51.2M | 1.1% |
| Td Synnex Corp | Trimmed | −465,423 | −$48.4M | 0.3% |
| VF Vanguard Ftse Developed Markets ETF | Trimmed | −860,458 | −$43.7M | 0.4% |
| Pdd Holdings Inc | Trimmed | −340,346 | −$40.3M | 0.3% |
Showing the 10 largest of 114 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd | Added | +6,687,770 | +$484M | 25.4% |
| BG Barrick Gold Corp | New | +11,112,293 | +$172M | 3.9% |
| IM Ishares Msci Eafe ETF | Trimmed | −1,246,009 | −$94.2M | 0.1% |
| Check Point Software Technologies Ltd | Added | +487,823 | +$91.1M | 8.2% |
| Smurfit Westrock PLC | Trimmed | −1,534,615 | −$82.7M | 3.3% |
| Merck & Co Inc | New | +584,473 | +$58.1M | 1.3% |
| Fiserv Inc | Exited | −292,231 | −$52.5M | — |
| BC Boeing Co/the | Added | +265,173 | +$46.9M | 1.2% |
| Biogen Inc | New | +281,702 | +$43.1M | 1.0% |
| Bristol-myers Squibb Co | Exited | −750,455 | −$38.8M | — |
Showing the 10 largest of 116 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Check Point Software Technologies Ltd | Added | +1,226,772 | +$237M | 6.8% |
| Smurfit Westrock PLC | New | +4,197,579 | +$207M | 5.1% |
| IM Ishares Msci Eafe ETF | Added | +1,289,551 | +$108M | 2.7% |
| Ryanair Holdings PLC | Trimmed | −2,187,110 | −$98.8M | — |
| Canadian Pacific Kansas City Ltd | Added | +723,783 | +$62M | 18.4% |
| Live Nation Entertainment Inc | New | +469,127 | +$51.4M | 1.3% |
| PB Petroleo Brasileiro Sa | Trimmed | −3,751,360 | −$49.5M | — |
| Zebra Technologies Corp | Exited | −149,552 | −$46.2M | — |
| Tencent Music Entertainment Group | Exited | −3,076,879 | −$43.2M | — |
| Berry Global Group Inc | Exited | −670,935 | −$39.5M | — |
Showing the 10 largest of 102 changes.
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