Mondrian Investment Partners LTD
Long book
$6.69B
Q1 2026
Positions
103
Top-10 weight
46%
concentration
Last quarter
+3.2%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsMondrian Investment Partners LTD is a diversified fundamental manager, running a $6.69B US long book across 103 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: YUM CHINA HOLDINGS INC, GSK PLC-SPON ADR, LLOYDS BANKING GROUP PLC-ADR, BANCO SANTANDER SA-SPON ADR, SONY GROUP CORP - SP ADR.
Over the last 8 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 8 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
-0.2%
Q2 2024
+10.8%
Q3 2024
-6.6%
Q4 2024
+7.1%
Q1 2025
+5.4%
Q3 2025
+6.6%
Q4 2025
+1.0%
Q1 2026
+3.2%
Sector allocation
Consumer discretionary 34%
Technology 23%
Financials 13%
Healthcare 11%
Other 7%
Materials 4%
Energy 3%
Consumer staples 3%
Long book by quarter
What does Mondrian Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 2.4M | $908.6M | 13.6% | -70.0% |
| PHG KONINKLIJKE PHILIPS NVR- NY | Healthcare | 7.8M | $213.6M | 3.2% | -1.2% |
| MRK MERCK & CO. INC. | Healthcare | 1.6M | $190.2M | 2.8% | -1.8% |
| GOOGL ALPHABET INC-CL A | Technology | 587.0K | $168.8M | 2.5% | -8.3% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 1.7M | $161.4M | 2.4% | -1.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 319.0K | $156.8M | 2.3% | +7.1% |
| MSFT MICROSOFT CORP | Technology | 416.4K | $154.1M | 2.3% | +48.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 765.1K | $148.5M | 2.2% | -8.8% |
| SYY SYSCO CORP | Consumer discretionary | 1.8M | $130.2M | 1.9% | -1.4% |
| CRM SALESFORCE INC | Technology | 605.6K | $113.1M | 1.7% | +9.1% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 1.0M | $111.1M | 1.7% | -4.0% |
| XOM EXXON MOBIL CORP | Energy | 647.8K | $109.9M | 1.6% | -2.0% |
| DD DUPONT DE NEMOURS INC | Materials | 2.4M | $108.2M | 1.6% | -15.5% |
| BAC BANK OF AMERICA CORP | Financials | 2.1M | $104.3M | 1.6% | -1.6% |
| META META PLATFORMS INC-CLASS A | Technology | 182.0K | $104.1M | 1.6% | -1.9% |
| WFC WELLS FARGO & CO | Financials | 1.3M | $100.2M | 1.5% | -1.8% |
| KVUE KENVUE INC | Other | 5.7M | $98.0M | 1.5% | -1.5% |
| PEP PEPSICO INC | Consumer staples | 627.5K | $97.4M | 1.5% | -1.1% |
| CDW CDW CORP/DE | Consumer discretionary | 779.2K | $94.3M | 1.4% | -1.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 345.8K | $93.6M | 1.4% | +15.1% |
| WDAY WORKDAY INC-CLASS A | Technology | 614.4K | $79.8M | 1.2% | +566.2% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 171.3K | $59.1M | 0.9% | -14.7% |
| FISV FISERV INC | Services media | 979.5K | $54.7M | 0.8% | +26.8% |
| B BARRICK MINING CORP | Materials | 1.1M | $44.6M | 0.7% | +28.7% |
| BAP CREDICORP LTD | Financials | 98.8K | $33.5M | 0.5% | -60.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 109.9K | $22.9M | 0.3% | -3.2% |
| Q QNITY ELECTRONICS INC | Technology | 37.4K | $4.3M | 0.1% | -94.9% |
| MU MICRON TECHNOLOGY INC | Technology | 9.0K | $3.0M | 0.0% | -2.1% |
| ES EVERSOURCE ENERGY | Utilities | 29.2K | $2.0M | 0.0% | +5.7% |
| CSX CSX CORP | Industrials | 40.4K | $1.7M | 0.0% | +2.6% |
| EIX EDISON INTERNATIONAL | Utilities | 20.3K | $1.5M | 0.0% | +9.1% |
| WAT WATERS CORP | Healthcare | 4.7K | $1.4M | 0.0% | +5.8% |
| EOG EOG RESOURCES INC | Energy | 9.0K | $1.3M | 0.0% | +15.3% |
| LH LABCORP HOLDINGS INC | Healthcare | 4.4K | $1.2M | 0.0% | -96.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.7K | $1.2M | 0.0% | +10.0% |
| SOLV SOLVENTUM CORP | Healthcare | 14.7K | $959K | 0.0% | +10.8% |
| QCOM QUALCOMM INC | Technology | 6.5K | $831K | 0.0% | +14.2% |
| ZTS ZOETIS INC | Healthcare | 6.9K | $819K | 0.0% | New |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 6.5K | $773K | 0.0% | -84.3% |
| HCA HCA HEALTHCARE INC | Healthcare | 1.5K | $725K | 0.0% | +10.3% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 4.1K | $486K | 0.0% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 4.7K | $340K | 0.0% | New |
| SOBO SOUTH BOW CORP | Energy | 3.6K | $166K | 0.0% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.1K | $157K | 0.0% | New |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 1.0K | $149K | 0.0% | Held |
| PFE PFIZER INC | Healthcare | 4.4K | $122K | 0.0% | New |
| UNP UNION PACIFIC CORP | Industrials | 455 | $110K | 0.0% | +32.7% |
| NI NISOURCE INC | Utilities | 2.4K | $110K | 0.0% | +45.9% |
| LNG CHENIERE ENERGY INC | Utilities | 276 | $78K | 0.0% | New |
| BNS BANK OF NOVA SCOTIA | Financials | 473 | $46K | 0.0% | +0.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 103 | $6.69B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 103 | $6.06B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 97 | $5.99B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 99 | $5.85B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Feb 13, 2025 | 101 | $6.05B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 101 | $6.05B | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 102 | $6.61B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 98 | $6.50B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 100 | $7.28B | canonical | SEC ↗ |
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