Ilex Capital Partners (UK) LLP
Long book
$4.06B
Q1 2026
Positions
77
Top-10 weight
43%
concentration
Last quarter
+7.8%
SPY +14.8%
Turnover
68%
of book per quarter
Strategy in plain words
auto-generated from filingsIlex Capital Partners (UK) LLP is a diversified fundamental manager, running a $4.06B US long book across 77 positions.
The portfolio is moderately concentrated (top 10 ≈ 43% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PEPSICO INC, ON HOLDING AG-CLASS A, PROCTER & GAMBLE CO/THE, HILTON WORLDWIDE HOLDINGS IN, MCDONALD'S CORP.
Over the last 9 quarters its long book ran on average 5.4pp per quarter behind the S&P 500, beating the index in 2 of 9 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
Q1 2024
-3.5%
Q2 2024
+10.0%
Q3 2024
-12.3%
Q4 2024
+0.9%
Q1 2025
+1.5%
Q2 2025
-0.9%
Q3 2025
-2.6%
Q4 2025
-8.8%
Q1 2026
+7.8%
Sector allocation
Consumer staples 21%
Healthcare 20%
Services media 16%
Other 14%
Consumer discretionary 12%
Industrials 10%
Communications 3%
Technology 3%
Long book by quarter
What does Ilex Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PEP PEPSICO INC | Consumer staples | 1.6M | $246.6M | 6.1% | +187.9% |
| ONON ON HOLDING AG-CLASS A | Other | 6.6M | $224.1M | 5.5% | New |
| PG PROCTER & GAMBLE CO/THE | Other | 1.4M | $204.3M | 5.0% | New |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 620.8K | $188.8M | 4.7% | +95.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 601.5K | $187.0M | 4.6% | +52.2% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 2.4M | $172.3M | 4.2% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 2.2M | $140.2M | 3.5% | +39.6% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 1.2M | $137.5M | 3.4% | +36.7% |
| RACE FERRARI NV | Industrials | 405.8K | $135.5M | 3.3% | New |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 4.0M | $127.9M | 3.2% | New |
| ARMK ARAMARK | Consumer discretionary | 3.1M | $124.8M | 3.1% | New |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 1.4M | $113.1M | 2.8% | +139.0% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 4.3M | $95.8M | 2.4% | New |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 630.7K | $94.6M | 2.3% | -6.6% |
| FRPT FRESHPET INC | Consumer staples | 1.6M | $93.5M | 2.3% | +73.3% |
| RMD RESMED INC | Healthcare | 413.9K | $92.9M | 2.3% | +68.2% |
| ALC ALCON INC | Healthcare | 1.2M | $92.5M | 2.3% | +6.0% |
| ROL ROLLINS INC | Services media | 1.5M | $82.3M | 2.0% | +72.4% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 1.1M | $78.2M | 1.9% | +115.2% |
| MO ALTRIA GROUP INC | Consumer staples | 1.1M | $75.1M | 1.9% | New |
| ILMN ILLUMINA INC | Healthcare | 605.3K | $74.6M | 1.8% | +103.9% |
| SYK STRYKER CORP | Healthcare | 201.6K | $66.2M | 1.6% | -16.0% |
| GIS GENERAL MILLS INC | Consumer staples | 1.8M | $65.7M | 1.6% | -62.8% |
| NVT NVENT ELECTRIC PLC | Industrials | 542.7K | $64.2M | 1.6% | +7.9% |
| TRU TRANSUNION | Services media | 909.4K | $62.9M | 1.6% | +13.2% |
| WWD WOODWARD INC | Industrials | 167.8K | $60.1M | 1.5% | New |
| CRH CRH PLC | Industrials | 560.6K | $58.9M | 1.5% | New |
| MA MASTERCARD INC - A | Services media | 112.6K | $56.3M | 1.4% | New |
| URI UNITED RENTALS INC | Services media | 75.9K | $55.3M | 1.4% | New |
| LLY ELI LILLY & CO | Healthcare | 59.8K | $55.0M | 1.4% | +241.9% |
| T AT&T INC | Communications | 1.9M | $54.8M | 1.4% | +87.5% |
| RTX RTX CORP | Industrials | 247.8K | $47.8M | 1.2% | New |
| IQV IQVIA HOLDINGS INC | Healthcare | 276.4K | $47.1M | 1.2% | New |
| CLX CLOROX COMPANY | Other | 438.6K | $45.5M | 1.1% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 92.0K | $45.2M | 1.1% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 151.3K | $40.9M | 1.0% | -17.4% |
| BYD BOYD GAMING CORP | Services media | 473.6K | $38.9M | 1.0% | New |
| CRL CHARLES RIVER LABORATORIES | Healthcare | 196.5K | $33.9M | 0.8% | New |
| TMUS T-MOBILE US INC | Communications | 159.7K | $33.5M | 0.8% | +17.4% |
| ACN ACCENTURE PLC-CL A | Services media | 154.2K | $30.6M | 0.8% | -38.8% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 186.5K | $29.5M | 0.7% | +13.7% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 60.5K | $29.3M | 0.7% | New |
| XYZ BLOCK INC | Technology | 420.5K | $25.3M | 0.6% | +66.5% |
| SBUX STARBUCKS CORP | Consumer discretionary | 270.3K | $24.2M | 0.6% | -58.5% |
| AFRM AFFIRM HOLDINGS INC | Financials | 453.8K | $20.8M | 0.5% | +252.6% |
| GOOS CANADA GOOSE HOLDINGS INC | Other | 1.9M | $20.5M | 0.5% | -25.1% |
| TEM TEMPUS AI INC-CL A | Technology | 454.2K | $20.5M | 0.5% | New |
| SHOP SHOPIFY INC - CLASS A | Technology | 148.9K | $17.7M | 0.4% | +101.9% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 549.0K | $16.1M | 0.4% | New |
| CRM SALESFORCE INC | Technology | 82.7K | $15.4M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 77 | $4.06B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 66 | $3.54B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 135 | $3.13B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 156 | $3.02B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 189 | $2.45B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 31 | $1.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 25 | $1.48B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 20 | $975.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 19 | $1.02B | canonical | SEC ↗ |
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