Immersion Capital LLP
Portfolio value QoQ: +26.5% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q1 2026: 0.0% Est. buys $25,211,700 · sells $0
Median holding: 5.0 quarters Tracked Q1 2025–Q1 2026 · 78.6% still held
Put-notional exposure: 28.1% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
Sector breakdown
Full portfolio 11 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 69608A958) | $24,575,040 | 28.12% | 168,000 | Put option | Up ×1 | ||
| BLK | $12,149,282 | 13.90% | 12,633 | $-1,372,323 | |||
| V | $11,083,443 | 12.68% | 36,671 | $-1,777,443 | |||
| HEI-A | $10,251,797 | 11.73% | 48,566 | $-2,007,718 | |||
| RYAAY | $9,013,448 | 10.31% | 155,942 | $-2,244,005 | |||
| ELV | $4,215,600 | 4.82% | 14,400 | $-832,320 | |||
| CNI | $3,970,416 | 4.54% | 38,634 | $151,445 | |||
| UNH | $3,339,081 | 3.82% | 12,340 | $-734,476 | |||
| BP | $3,326,472 | 3.81% | 70,776 | $868,422 | |||
| CNQ | $3,015,120 | 3.45% | 61,874 | $920,685 | |||
| TBBB | $2,465,289 | 2.82% | 69,700 | $739,026 | Up ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 69608A958) | $24,575,040 | 168,000 | 28.12% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RYAAY | Price move only | +0 | -$2.2M |
| HEI-A | Price move only | +0 | -$2.0M |
| V | Price move only | +0 | -$1.8M |
| BLK | Price move only | +0 | -$1.4M |
| CNQ | Price move only | +0 | +$921K |
| BP | Price move only | +0 | +$868K |
| ELV | Price move only | +0 | -$832K |
| TBBB | Bought more | +18K | +$739K |
| UNH | Price move only | +0 | -$734K |
| CNI | Price move only | +0 | +$151K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.