Trinity Street Asset Management LLP
CIK 1592579 · View on SEC EDGAR ↗
- Portfolio value
- $1.5B
- Positions
- 22
- As of
- March 31, 2026 Data as of Q1 2026
Portfolio value QoQ: -8.4% 13F does not disclose cash
- Top 10 holdings weight
- 82.49%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 20
- Effective number of positions
- 8.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q1 2026: 4.93% Est. buys $169,274,279 · sells $75,218,861
Median holding: 6.0 quarters Tracked Q4 2024–Q1 2026 · 88.0% still held
- New positions
- 1
- Increased
- 9
- Decreased
- 11
- Closed
- 1
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- 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.
Performance vs S&P 500
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: 100.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 22 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $304,158,717 | 20.86% | 900,011 | $10,350,572 | Down ×3 | ||
| INFY Infosys Limited American Depositary Shares | $201,819,756 | 13.84% | 14,938,546 | $18,918,769 | Up ×1 | ||
| RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares | $199,800,092 | 13.70% | 3,456,749 | $-65,880,620 | Down ×3 | ||
| HDB HDFC Bank Limited Common Stock | $192,190,536 | 13.18% | 7,724,700 | $-29,497,644 | Up ×1 | ||
| ICLR ICON plc - Ordinary Shares | $133,693,657 | 9.17% | 1,208,148 | $-61,724,173 | Up ×4 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $42,017,116 | 2.88% | 146,116 | $-4,618,632 | Down ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $34,810,416 | 2.39% | 94,039 | $-1,388,541 | Up ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $32,039,840 | 2.20% | 153,838 | $-2,075,586 | Up ×1 | ||
| CLH Clean Harbors, Inc. Common Stock | $31,365,681 | 2.15% | 109,391 | $3,890,019 | Down ×3 | ||
| NOC Northrop Grumman Corporation Common Stock | $30,862,490 | 2.12% | 45,237 | $4,555,282 | Down ×3 | ||
| COHR Coherent Corp. Common Stock | $29,170,005 | 2.00% | 122,455 | $2,614,628 | Down ×1 | ||
| NUE Nucor Corporation Common Stock | $26,519,276 | 1.82% | 156,826 | $430,484 | Down ×3 | ||
| CNH CNH Industrial N.V. Common Shares | $26,337,707 | 1.81% | 2,394,337 | $3,826,801 | Down ×1 | ||
| SARO StandardAero, Inc. Common Stock | $25,692,016 | 1.76% | 994,658 | Up ×1 | |||
| EFX Equifax, Inc. Common Stock | $25,534,466 | 1.75% | 141,803 | $2,012,533 | Up ×3 | ||
| UBER Uber Technologies, Inc. Common Stock | $24,281,553 | 1.67% | 337,572 | $661,480 | Up ×1 | ||
| DHI D.R. Horton, Inc. Common Stock | $21,559,183 | 1.48% | 157,114 | $-1,516,151 | Down ×1 | ||
| CTSH Cognizant Technology Solutions Corporation - Class A Common Stock | $20,026,603 | 1.37% | 326,432 | $-7,597,208 | Down ×3 | ||
| INTU Intuit Inc. - Common Stock | $19,936,609 | 1.37% | 46,109 | $-5,749,388 | Up ×1 | ||
| CI The Cigna Group Common Stock | $19,820,592 | 1.36% | 74,304 | $-1,034,410 | Down ×2 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $10,367,403 | 0.71% | 50,963 | $2,748,876 | Up ×1 | ||
| KB KB Financial Group Inc | $6,059,893 | 0.42% | 60,763 | $831,845 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SARO | $25,692,016 | 994,658 | 1.76% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| RYAAY | Trimmed | -224K | -$65.9M |
| ICLR | Bought more | +136K | -$61.7M |
| HDB | Bought more | +1.7M | -$29.5M |
| INFY | Bought more | +4.7M | +$18.9M |
| TSM | Trimmed | -67K | +$10.4M |
| CTSH | Trimmed | -6K | -$7.6M |
| INTU | Bought more | +7K | -$5.7M |
| GOOGL | Trimmed | -3K | -$4.6M |
| NOC | Trimmed | -899 | +$4.6M |
| CLH | Trimmed | -8K | +$3.9M |
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.