Metropolis Capital Ltd
Long book
$2.96B
Q1 2026
Positions
16
Top-10 weight
87%
concentration
Last quarter
+15.8%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsMetropolis Capital Ltd is a concentrated fundamental stock-picker, running a $2.96B US long book across 16 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, SUNBELT RENTALS HOLDINGS INC, MASTERCARD INC - A, STATE STREET CORP, RYANAIR HOLDINGS PLC-SP ADR.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 6 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
+2.0%
Q2 2024
+6.5%
Q3 2024
+3.2%
Q4 2024
-0.8%
Q1 2025
+18.2%
Q2 2025
+3.3%
Q3 2025
+2.8%
Q4 2025
-5.2%
Q1 2026
+15.8%
Sector allocation
Services media 28%
Technology 25%
Financials 11%
Other 10%
Communications 8%
Consumer discretionary 8%
Healthcare 6%
Industrials 4%
Long book by quarter
What does Metropolis Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 1.2M | $435.8M | 14.7% | +40.4% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 4.9M | $308.2M | 10.4% | New |
| MA MASTERCARD INC - A | Services media | 582.0K | $290.8M | 9.8% | +23.7% |
| STT STATE STREET CORP | Financials | 2.3M | $285.1M | 9.6% | -9.5% |
| TXN TEXAS INSTRUMENTS INC | Technology | 1.2M | $226.8M | 7.7% | -43.9% |
| NWSA NEWS CORP - CLASS A | Other | 8.8M | $220.3M | 7.4% | +26.4% |
| CMCSA COMCAST CORP-CLASS A | Communications | 7.6M | $217.9M | 7.4% | -5.2% |
| SNX TD SYNNEX CORP | Consumer discretionary | 1.3M | $216.2M | 7.3% | +9.5% |
| HCA HCA HEALTHCARE INC | Healthcare | 308.3K | $145.9M | 4.9% | -35.9% |
| V VISA INC-CLASS A SHARES | Services media | 368.7K | $111.4M | 3.8% | +13.0% |
| CCK CROWN HOLDINGS INC | Industrials | 836.0K | $83.8M | 2.8% | -35.7% |
| DIS WALT DISNEY CO/THE | Services media | 317.7K | $30.6M | 1.0% | New |
| NWS NEWS CORP - CLASS B | Other | 1.0M | $29.5M | 1.0% | +18.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 83.2K | $14.0M | 0.5% | +82.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 16 | $2.96B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 15 | $3.13B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 16 | $3.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 17 | $3.15B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 15 | $2.69B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 14 | $2.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 16 | $2.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 17 | $2.73B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 16 | $2.79B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP