RIT CAPITAL PARTNERS PLC

Fundamental concentrated ★Signal CIK 939334
League rank
#907
in Fundamental concentrated · #7187 overall
Long book
$374.1M
Q1 2026
Positions
12
Top-10 weight
90%
concentration
Last quarter
+3.3%
SPY +14.8%
Turnover
29%
of book per quarter

Strategy in plain words

auto-generated from filings

RIT CAPITAL PARTNERS PLC is a concentrated fundamental stock-picker, running a $374.1M US long book across 12 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANECK GOLD MINERS ETF, BOOKING HOLDINGS INC, MASTERCARD INC - A, S&P GLOBAL INC, TRAVELERS COS INC/THE.

Over the last 9 quarters its long book ran on average 3.3pp per quarter behind the S&P 500, beating the index in 3 of 9 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
+2.0%
Q2 2024
+11.1%
Q3 2024
+1.2%
Q4 2024
-2.0%
Q1 2025
+6.7%
Q2 2025
+3.5%
Q3 2025
-12.0%
Q4 2025
-3.0%
Q1 2026
+3.3%

Sector allocation

Services media
31%
Financials
19%
Consumer discretionary
16%
Technology
13%
Industrials
13%
Other
8%

Long book by quarter

$432.4M
Q1 2024
$311.3M
Q2 2024
$468.7M
Q3 2024
$409.0M
Q4 2024
$513.7M
Q1 2025
$714.4M
Q2 2025
$630.4M
Q3 2025
$447.2M
Q4 2025
$374.1M
Q1 2026

What does RIT CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BKNG BOOKING HOLDINGS INCIndustrials8.7K$36.6M9.8%-9.4%
MA MASTERCARD INC - AServices media68.0K$34.0M9.1%+2.6%
SPGI S&P GLOBAL INCServices media76.0K$32.3M8.6%-10.1%
TRV TRAVELERS COS INC/THEFinancials100.2K$29.2M7.8%-26.3%
ICE INTERCONTINENTAL EXCHANGE INFinancials165.7K$26.1M7.0%-26.5%
AMZN AMAZON.COM INCConsumer discretionary123.4K$25.7M6.9%-25.9%
ALLE ALLEGION PLCServices media150.0K$21.8M5.8%New
TT TRANE TECHNOLOGIES PLCTechnology52.1K$21.7M5.8%New
PG PROCTER & GAMBLE CO/THEOther149.8K$21.6M5.8%-30.0%
MCD MCDONALD'S CORPConsumer discretionary67.5K$21.0M5.6%-21.1%
TXN TEXAS INSTRUMENTS INCTechnology81.5K$15.8M4.2%-58.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 202612$374.1M canonicalSEC ↗
Q4 202513F-HRFeb 9, 202612$447.2M canonicalSEC ↗
Q3 202513F-HRNov 4, 202514$708.2M canonicalSEC ↗
Q2 202513F-HRAug 11, 202520$797.7M canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSAug 11, 20251$19.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 202521$683.8M canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSAug 11, 20251$20.1M canonicalSEC ↗
Q4 202413F-HRFeb 12, 202516$837.5M canonicalSEC ↗
Q3 202413F-HRNov 12, 202415$800.2M canonicalSEC ↗
Q2 202413F-HRAug 13, 202411$425.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202414$562.1M canonicalSEC ↗