Oldfield Partners LLP

Fundamental concentrated ★Highest signal CIK 1492815
League rank
#731
in Fundamental concentrated · #5612 overall
Long book
$393.3M
Q1 2026
Positions
18
Top-10 weight
99%
concentration
Last quarter
+9.4%
SPY +14.8%
Turnover
15%
of book per quarter

Strategy in plain words

auto-generated from filings

Oldfield Partners LLP is a concentrated fundamental stock-picker, running a $393.3M US long book across 18 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: NOV INC, LEAR CORP, CHUBB LTD, WALT DISNEY CO/THE, ALLY FINANCIAL INC.

Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 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
-6.7%
Q2 2024
+10.7%
Q3 2024
-1.1%
Q4 2024
+3.5%
Q1 2025
+8.4%
Q2 2025
+0.4%
Q3 2025
+10.1%
Q4 2025
+7.1%
Q1 2026
+9.4%

Sector allocation

Industrials
45%
Financials
28%
Services media
15%
Consumer discretionary
12%
Consumer staples
0%
Energy
0%

Long book by quarter

$742.5M
Q1 2024
$529.2M
Q2 2024
$473.0M
Q3 2024
$344.8M
Q4 2024
$342.2M
Q1 2025
$291.1M
Q2 2025
$320.3M
Q3 2025
$352.7M
Q4 2025
$393.3M
Q1 2026

What does Oldfield Partners own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NOV NOV INCIndustrials5.0M$94.9M24.1%Held
LEA LEAR CORPIndustrials644.9K$78.1M19.9%+0.1%
CB CHUBB LTDFinancials176.6K$57.6M14.6%+0.1%
DIS WALT DISNEY CO/THEServices media504.1K$57.4M14.6%Held
ALLY ALLY FINANCIAL INCFinancials1.3M$49.7M12.6%+4559.6%
ARW ARROW ELECTRONICS INCConsumer discretionary315.3K$45.2M11.5%-14.0%
ALGT ALLEGIANT TRAVEL COIndustrials10.4K$839K0.2%-35.7%
PYPL PAYPAL HOLDINGS INCServices media16.3K$735K0.2%New
OII OCEANEERING INTL INCEnergy28.7K$690K0.2%Held
PM PHILIP MORRIS INTERNATIONALConsumer staples2.7K$433K0.1%Held
TAP MOLSON COORS BEVERAGE CO - BConsumer staples7.2K$310K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 29, 202618$393.3M canonicalSEC ↗
Q4 202513F-HRJan 9, 202619$352.7M canonicalSEC ↗
Q3 202513F-HRNov 10, 202520$320.3M canonicalSEC ↗
Q2 202513F-HRAug 6, 202519$291.1M canonicalSEC ↗
Q1 202513F-HRMay 7, 202525$342.2M canonicalSEC ↗
Q4 202413F-HRJan 23, 202529$344.8M canonicalSEC ↗
Q3 202413F-HROct 21, 202430$473.0M canonicalSEC ↗
Q2 202413F-HRAug 9, 202429$529.2M canonicalSEC ↗
Q1 202413F-HRApr 23, 202430$742.5M canonicalSEC ↗