Theleme Partners LLP

CIK 1511881 · View on SEC EDGAR ↗

Portfolio value
$1.2B
#2,120 of 9,443 by 13F value · top 22.5%
Positions
9
As of
June 30, 2026

Portfolio value QoQ: -14.4% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
9
Effective number of positions
6.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 13.96% Est. buys $185,718,505 · sells $541,149,708

Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 56.2% still held

New positions
2
Increased
5
Decreased
1
Closed
2
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+10.8%
S&P 500 total return (same window)
+28.1%
Excess return
-17.2%

Annualized: +7.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.9% · Options excluded: 0.0%

Sector breakdown

Industrials
40.2%
Communication Services
21.1%
Retail
16.0%
Real Estate
9.0%
Healthcare
8.8%
Financials
3.3%
Telecommunication
1.7%

Full portfolio 9 positions

Type Streak 8Q trend
META Meta Platforms, Inc. - Class A Common Stock $258,803,591 21.09% 459,450 $730,051 Up ×4
UBER Uber Technologies, Inc. Common Stock $230,663,048 18.80% 3,196,550 $1,691,875 Up ×3
AMZN Amazon.com, Inc. - Common Stock $196,148,815 15.98% 822,979 $42,866,469 Up ×3
TRU TransUnion Common Stock $170,954,270 13.93% 2,369,757 $10,649,204 Up ×2
EQIX Equinix, Inc. - Common Stock $110,079,511 8.97% 105,603 Up ×1
MRNA Moderna, Inc. - Common Stock $107,960,979 8.80% 1,541,639 $-233,903,006 Down ×2
EFX Equifax, Inc. Common Stock $91,139,087 7.43% 574,213 $-6,294,629 Up ×2
HDB HDFC Bank Limited Common Stock $40,154,130 3.27% 1,554,554
SIFY Sify Technologies Limited - American Depository Shares $21,238,925 1.73% 1,278,683 $4,884,569

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
META $258,803,591 21.09% up ×4
UBER $230,663,048 18.80% up ×3
AMZN $196,148,815 15.98% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
EQIX $110,079,511 105,603 8.97%
HDB $40,154,130 1,554,554 3.27%

Top movers (QoQ)

Security Action Shares Δ Value Δ
MRNA Trimmed -5.2M -$233.9M
AMZN Bought more +87K +$42.9M
TRU Bought more +53K +$10.6M
EFX Bought more +33K -$6.3M
SIFY Price move only +0 +$4.9M
UBER Bought more +13K +$1.7M
META Bought more +8K +$730K

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.

SecurityQuarter Shares before Value before Price since exit
WFC March 31, 2026 1,978,840 $184,427,888 6.3%
BAC Dec. 31, 2025 2,192,660 $113,119,329 13.5%
FLUT June 30, 2026 966,041 $98,487,880 -2.3%
HOOD June 30, 2026 1,145,000 $79,348,500 6.0%
SKX June 30, 2025 1,245,000 $70,691,100 No longer tracked
HDB Sept. 30, 2025 175,800 $13,478,586 -31.1%
SONY June 30, 2025 525,000 $13,329,750 -8.6%
SARO June 30, 2025 20,000 $532,800 -19.3%