Lancaster Investment Management
CIK 1630064 · View on SEC EDGAR ↗
- Portfolio value
- $165K
- Positions
- 10
- As of
- June 30, 2026
Portfolio value QoQ: -9.0% 13F does not disclose cash
- Top 10 holdings weight
- 100.00%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 8
- Effective number of positions
- 5.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 36.74% Est. buys $63,765 · sells $83,556
Median holding: 2.5 quarters Tracked Q4 2024–Q2 2026 · 62.5% still held
- New positions
- 4
- Increased
- 1
- Decreased
- 4
- Closed
- 3
Put-notional exposure: 0.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Full portfolio 10 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| LBTYA Liberty Global Ltd. - Class A Common Shares | $42,999 | 26.00% | 3,781,791 | $-8,446 | Down ×1 | ||
| SATS EchoStar Corporation - Common stock | $39,890 | 24.12% | 393,009 | Up ×1 | |||
| FLUT Flutter Entertainment plc Ordinary Shares | $33,319 | 20.14% | 326,109 | $-2,974 | Down ×1 | ||
| MANU Manchester United Ltd. Class A Ordinary Shares | $23,758 | 14.36% | 1,036,114 | $7,341 | Up ×3 | ||
| GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying | $10,512 | 6.36% | 210,104 | Up ×1 | |||
| BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) | $10,143 | 6.13% | 109,547 | Up ×1 | |||
| LEVI Levi Strauss & Co Class A Common Stock | $1,843 | 1.11% | 74,244 | Up ×1 | |||
| DKS Dick's Sporting Goods Inc Common Stock | $1,778 | 1.07% | 7,840 | $-16,377 | Down ×3 | ||
| GLRE Greenlight Reinsurance, Ltd. - Class A Ordinary Shares | $1,164 | 0.70% | 71,968 | $-738 | Down ×1 | ||
| Unknown issuer (CUSIP: 11271J957) | $5 | 0.00% | 11,031 | Put option | $-1,980 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| MANU | $23,758 | 14.36% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LBTYA | Trimmed | -473K | -$8K |
| MANU | Bought more | +60K | +$7K |
| FLUT | Trimmed | -30K | -$3K |
| GLRE | Trimmed | -38K | -$738 |
2 positions hidden (data completeness check)
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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ALV | June 30, 2026 | 280,039 | $29,449 | 7.3% |
| NKE | Sept. 30, 2025 | 349,379 | $24,820 | -41.8% |
| BUD | June 30, 2026 | 212,527 | $14,743 | -5.5% |
| HDB | June 30, 2026 | 455,289 | $11,328 | -8.9% |
| TXG | Dec. 31, 2025 | 621,779 | $7,269 | 282.1% |
| NKE | March 31, 2026 | 90,300 | $5,753 | -23.2% |
| VFC | Sept. 30, 2025 | 53,229 | $625 | -1.0% |