Intermede Investment Partners Ltd
Long book
$2.16B
Q1 2026
Positions
28
Top-10 weight
55%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsIntermede Investment Partners Ltd is a concentrated fundamental stock-picker, running a $2.16B US long book across 28 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, APPLE INC, NVIDIA CORP, ALPHABET INC-CL C, LINDE PLC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.7%
Q2 2024
+4.4%
Q3 2024
-0.4%
Q4 2024
-3.8%
Q1 2025
+11.5%
Q2 2025
+7.7%
Q3 2025
+3.5%
Q4 2025
-5.1%
Q1 2026
+12.4%
Sector allocation
Technology 42%
Financials 16%
Services media 16%
Industrials 8%
Materials 6%
Healthcare 6%
Utilities 3%
Consumer discretionary 3%
Long book by quarter
What does Intermede Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 627.0K | $159.1M | 7.4% | -12.3% |
| NVDA NVIDIA CORP | Technology | 884.7K | $154.3M | 7.1% | New |
| GOOG ALPHABET INC-CL C | Technology | 503.7K | $144.5M | 6.7% | -5.1% |
| LIN LINDE PLC | Materials | 221.2K | $109.7M | 5.1% | -21.8% |
| META META PLATFORMS INC-CLASS A | Technology | 163.4K | $93.5M | 4.3% | -5.1% |
| MA MASTERCARD INC - A | Services media | 183.8K | $91.9M | 4.3% | -5.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 957.4K | $90.0M | 4.2% | -5.1% |
| CME CME GROUP INC | Financials | 270.3K | $79.8M | 3.7% | -5.1% |
| AVGO BROADCOM INC | Technology | 251.5K | $77.9M | 3.6% | +13.9% |
| BKR BAKER HUGHES CO | Industrials | 1.2M | $72.5M | 3.4% | -5.1% |
| ABNB AIRBNB INC-CLASS A | Services media | 563.1K | $71.1M | 3.3% | -5.1% |
| TDG TRANSDIGM GROUP INC | Industrials | 61.3K | $71.1M | 3.3% | -5.2% |
| INTU INTUIT INC | Technology | 150.7K | $65.1M | 3.0% | +96.1% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 350.5K | $64.0M | 3.0% | -5.1% |
| UBER UBER TECHNOLOGIES INC | Services media | 875.1K | $62.9M | 2.9% | -5.1% |
| AMAT APPLIED MATERIALS INC | Technology | 182.1K | $62.2M | 2.9% | -28.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 203.6K | $55.1M | 2.6% | +23.4% |
| DXCM DEXCOM INC | Healthcare | 858.5K | $53.9M | 2.5% | -5.6% |
| EFX EQUIFAX INC | Services media | 290.3K | $52.3M | 2.4% | -5.1% |
| WM WASTE MANAGEMENT INC | Utilities | 222.7K | $51.2M | 2.4% | -5.1% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 1.5M | $48.4M | 2.2% | -5.1% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 106.4K | $47.5M | 2.2% | -20.2% |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 1.5M | $5.4M | 0.3% | -20.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 28 | $2.16B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 31 | $2.43B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 31 | $2.43B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 30 | $3.24B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 32 | $3.18B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 33 | $3.75B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 33 | $4.79B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 33 | $4.73B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 32 | $4.90B | $K fixed canonical | SEC ↗ |
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