LMR Partners LLP
Long book
$8.60B
Q1 2026
Positions
1018
Top-10 weight
25%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
47%
of book per quarter
Strategy in plain words
auto-generated from filingsLMR Partners LLP is a quantitative fund whose holdings reflect models, not opinions, running a $8.60B US long book across 1018 positions.
The portfolio is broadly diversified across 1018 positions (top 10 only 25%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, WARNER BROS DISCOVERY INC, NVIDIA CORP, BP PLC-SPONS ADR.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+4.8%
Q3 2024
+4.8%
Q4 2024
-5.5%
Q1 2025
+12.3%
Q2 2025
+11.2%
Q3 2025
+3.5%
Q4 2025
+2.1%
Q1 2026
+15.1%
Sector allocation
Technology 33%
Financials 15%
Other 10%
Healthcare 10%
Industrials 10%
Communications 7%
Services media 4%
Utilities 4%
Long book by quarter
What does LMR Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WBD WARNER BROS DISCOVERY INC | Communications | 6.8M | $187.0M | 2.2% | +52.3% |
| NVDA NVIDIA CORP | Technology | 1.0M | $175.5M | 2.0% | -43.8% |
| MU MICRON TECHNOLOGY INC | Technology | 483.0K | $163.2M | 1.9% | +47.7% |
| ECHO ECHOSTAR CORP-A | Communications | 1.2M | $137.1M | 1.6% | -3.8% |
| AVGO BROADCOM INC | Technology | 420.6K | $130.2M | 1.5% | -10.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 434.8K | $124.8M | 1.5% | +41.1% |
| PEN PENUMBRA INC | Healthcare | 295.7K | $97.1M | 1.1% | New |
| GTLS CHART INDUSTRIES INC | Industrials | 435.2K | $90.0M | 1.0% | +58.6% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 200.0K | $86.8M | 1.0% | New |
| KVUE KENVUE INC | Other | 5.0M | $86.4M | 1.0% | +19.7% |
| LLY ELI LILLY & CO | Healthcare | 93.5K | $86.0M | 1.0% | +747.9% |
| TSLA TESLA INC | Industrials | 204.2K | $75.9M | 0.9% | +3064.3% |
| AAUC ALLIED GOLD CORP | — | 2.4M | $74.6M | 0.9% | New |
| CLS CELESTICA INC | Technology | 240.0K | $67.6M | 0.8% | +3.2% |
| AAPL APPLE INC | Technology | 237.9K | $60.4M | 0.7% | +239.8% |
| NFLX NETFLIX INC | Services media | 614.1K | $59.0M | 0.7% | +259.0% |
| EA ELECTRONIC ARTS INC | Technology | 278.3K | $56.7M | 0.7% | +4988.4% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 137.0K | $53.7M | 0.6% | +881.5% |
| AES AES CORP | Utilities | 3.8M | $53.1M | 0.6% | +3667.5% |
| SLAB SILICON LABORATORIES INC | Technology | 238.2K | $49.6M | 0.6% | +693.9% |
| AXTA AXALTA COATING SYSTEMS LTD | Other | 1.8M | $48.9M | 0.6% | +8.6% |
| ZM ZOOM COMMUNICATIONS INC | Technology | 600.0K | $48.2M | 0.6% | +25.2% |
| HO1 HOLOGIC INC | — | 598.7K | $45.3M | 0.5% | +36.1% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 244.3K | $42.9M | 0.5% | +5.9% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 796.0K | $41.2M | 0.5% | +3.4% |
| TXNM TXNM ENERGY INC | Utilities | 698.5K | $40.8M | 0.5% | +3.9% |
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 430.0K | $39.9M | 0.5% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 145.5K | $39.4M | 0.5% | +939.1% |
| ILMN ILLUMINA INC | Healthcare | 311.0K | $38.3M | 0.4% | New |
| LUNR INTUITIVE MACHINES INC | Technology | 2.0M | $36.8M | 0.4% | New |
| WBS WEBSTER FINANCIAL CORP | Financials | 519.5K | $36.1M | 0.4% | New |
| MSTR STRATEGY INC | Financials | 278.0K | $34.7M | 0.4% | -33.0% |
| COHR COHERENT CORP | Other | 140.0K | $33.3M | 0.4% | -0.8% |
| DOCN DIGITALOCEAN HOLDINGS INC | Technology | 356.0K | $30.5M | 0.4% | -42.6% |
| QRVO QORVO INC | Technology | 393.7K | $30.5M | 0.4% | +35.7% |
| SNDK SANDISK CORP | Technology | 47.2K | $30.0M | 0.3% | -76.5% |
| RGEN REPLIGEN CORP | Healthcare | 253.1K | $29.8M | 0.3% | New |
| UNIT UNITI GROUP INC | Communications | 3.1M | $29.3M | 0.3% | +26.5% |
| LITE LUMENTUM HOLDINGS INC | Technology | 41.2K | $28.9M | 0.3% | -62.3% |
| INTC INTEL CORP | Technology | 640.0K | $28.2M | 0.3% | -18.7% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 292.8K | $27.9M | 0.3% | New |
| ELAN ELANCO ANIMAL HEALTH INC | Healthcare | 1.2M | $27.9M | 0.3% | New |
| AMAT APPLIED MATERIALS INC | Technology | 78.5K | $26.8M | 0.3% | +124.4% |
| SMTC SEMTECH CORP | Technology | 329.1K | $25.3M | 0.3% | -14.9% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 74.7K | $24.7M | 0.3% | +26.5% |
| ACLXGBX ARCELLX INC | — | 212.5K | $24.4M | 0.3% | New |
| MSFT MICROSOFT CORP | Technology | 64.8K | $24.0M | 0.3% | +144.5% |
| WTRG ESSENTIAL UTILITIES INC | Utilities | 541.1K | $21.8M | 0.3% | -3.3% |
| JBL JABIL INC | Technology | 81.0K | $21.5M | 0.3% | -56.3% |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 233.6K | $21.4M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 1744 | $45.43B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 1907 | $53.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1772 | $22.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1700 | $13.97B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1654 | $10.69B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1445 | $11.89B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 1462 | $12.56B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1084 | $11.84B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1139 | $9.83B | canonical | SEC ↗ |
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