Glencore plc
Long book
$5.92B
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-18.6%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsGlencore plc is a diversified fundamental manager, specialised in consumer_staples (71% of the long book), running a $5.92B US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BUNGE GLOBAL SA, CENTURY ALUMINUM COMPANY.
Over the last 6 quarters its long book ran on average 13.1pp per quarter ahead of the S&P 500, beating the index in 4 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
+1.9%
Q1 2025
-2.9%
Q2 2025
+62.9%
Q3 2025
+17.5%
Q4 2025
+45.6%
Q1 2026
-18.6%
Sector allocation
Consumer staples 71%
Industrials 29%
Long book by quarter
What does Glencore plc own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 3 | $5.92B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Feb 2, 2026 | 3 | $4.33B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 22, 2026 | 4 | $4.33B | SEC ↗ | |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 3 | $3.96B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 2 | $842.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 2 | $838.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 3 | $835.6M | canonical | SEC ↗ |