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Asset manager

Lingotto Investment Management LLP

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 1732768

Reported value
$4.6bn
100% in companies we cover
Positions we cover
30
Largest TEVA 14.7%
Copy, a year
+38.5%
S&P 500 +14.2%
Copy Sharpe ratio
0.96
S&P 500 0.60

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k$160k 201820192020202120222023202420252026 $166k$31.4k
CopyS&P 500 $10,000 copying Lingotto Investment Management LLP's filed holdings in companies we cover from March 16, 2018, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −41.3% (S&P 500 −31.8%); beta 1.02; alpha +21.9% a year (t = 2.31); last 12 months +17.1% against +12.1%.

Reported value by quarter

Lingotto Investment Management LLP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2017-12-31: $206.7M Reported value, 2018-03-31: $290.4M Reported value, 2018-06-30: $329.5M Reported value, 2018-09-30: $352.1M Reported value, 2018-12-31: $351.4M Reported value, 2019-03-31: $420.8M Reported value, 2019-06-30: $496.3M Reported value, 2019-09-30: $509.8M Reported value, 2019-12-31: $701.3M Reported value, 2020-03-31: $340.2M Reported value, 2020-06-30: $609.9M Reported value, 2020-09-30: $622.3M Reported value, 2020-12-31: $827.4M Reported value, 2021-03-31: $872.3M Reported value, 2021-06-30: $1.2B Reported value, 2021-09-30: $1.2B Reported value, 2021-12-31: $1.3T Reported value, 2022-03-31: $1.5B Reported value, 2022-06-30: $1B Reported value, 2022-09-30: $1.1B Reported value, 2022-12-31: $1.3T Reported value, 2023-03-31: $1.4B Reported value, 2023-06-30: $1.5B Reported value, 2023-09-30: $1.9B Reported value, 2023-12-31: $2.1B Reported value, 2024-03-31: $2.4B Reported value, 2024-06-30: $3B Reported value, 2024-09-30: $3.5B Reported value, 2024-12-31: $3.7B Reported value, 2025-03-31: $3.8B Reported value, 2025-06-30: $4.7B Reported value, 2025-09-30: $10.8B Reported value, 2025-12-31: $5.7B Reported value, 2026-03-31: $5B Reported value, 2026-06-30: $4.6B 2017-12-31 2019-09-30 2021-06-30 2023-03-31 2024-12-31 2026-06-30 $4.6B
View chart data
Period Reported value
2017-12-31 $206.7M
2018-03-31 $290.4M
2018-06-30 $329.5M
2018-09-30 $352.1M
2018-12-31 $351.4M
2019-03-31 $420.8M
2019-06-30 $496.3M
2019-09-30 $509.8M
2019-12-31 $701.3M
2020-03-31 $340.2M
2020-06-30 $609.9M
2020-09-30 $622.3M
2020-12-31 $827.4M
2021-03-31 $872.3M
2021-06-30 $1.2B
2021-09-30 $1.2B
2021-12-31 $1.3T
2022-03-31 $1.5B
2022-06-30 $1B
2022-09-30 $1.1B
2022-12-31 $1.3T
2023-03-31 $1.4B
2023-06-30 $1.5B
2023-09-30 $1.9B
2023-12-31 $2.1B
2024-03-31 $2.4B
2024-06-30 $3B
2024-09-30 $3.5B
2024-12-31 $3.7B
2025-03-31 $3.8B
2025-06-30 $4.7B
2025-09-30 $10.8B
2025-12-31 $5.7B
2026-03-31 $5B
2026-06-30 $4.6B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
TEVATeva Pharmaceutical Industries LTD14.73%$684.6m20.21M−27.2% Reduced
CVNACarvana13.15%$611.1m9.28M+264.3% Added
MOHMolina Healthcare, Inc.12.36%$574.4m2.51MNew
SKYDSkydance Corporation9.81%$455.8m46.06M0.0%
RRCRange Resources Corp8.84%$410.8m11.05M+53.5% Added
VEONVeon Ltd.5.92%$274.9m5.27M−12.9% Reduced
SLBSchlumberger4.43%$205.7m4.39M−18.8% Reduced
NGNovagold Resources Inc4.05%$188.2m31.53M−14.4% Reduced
VALValaris Ltd3.77%$175.1m2.41M−34.9% Reduced
SBSWSibanye Stillwater Ltd3.49%$162.0m19.08M−2.6% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD3.17%$147.4m308.7K+11.4% Added
NVDANVIDIA Corporation2.88%$133.6m667.7K+8.7% Added
AGFirst Majestic Silver Corp1.95%$90.5m5.33M−46.7% Reduced
TEMTempus AI, Inc.1.76%$82.0m1.42M0.0%
NETCloudflare, Inc.1.58%$73.6m300.0K0.0%
AURAurora Innovation, Inc.1.43%$66.3m9.72M0.0%
NBISNebius Group N.V.1.22%$56.8m205.7K+59.5% Added
MRNAModerna1.15%$53.5m763.9K0.0%
MELIMercadolibre Inc0.88%$40.8m24.0K0.0%
TSLATesla, Inc.0.63%$29.5m70.0K0.0%
SSMRSunshine Silver Mining & Refining Co0.57%$26.4m2.00MNew
JOBYJoby Aviation, Inc.0.46%$21.5m2.41M−35.7% Reduced
ISRGIntuitive Surgical0.43%$19.8m49.7K−62.2% Reduced
FRVOFervo Energy Co0.32%$14.7m502.6KNew
PONYPony AI Inc.0.27%$12.6m1.82M−45.3% Reduced
RXRXRecursion Pharmaceuticals, Inc.0.17%$8.1m2.21M−62.5% Reduced
NVRIEnviri Corp0.10%$4.7m212.7KNew
DUOLDuolingo, Inc.0.10%$4.6m40.0K0.0%
KLARKlarna Group plc0.08%$3.8m188.7KNew
HMYHarmony Gold Mining Co LTD0.05%$2.5m161.8K0.0%
CompanyBought (value)Shares
MOHMolina Healthcare, Inc.$574.4m2.51M
CVNACarvana$443.3m6.74M
RRCRange Resources Corp$143.2m3.85M
SSMRSunshine Silver Mining & Refining Co$26.4m2.00M
NBISNebius Group N.V.$21.2m76.7K
TSMTaiwan Semiconductor Manufacturing Co LTD$15.1m31.5K
FRVOFervo Energy Co$14.7m502.6K
NVDANVIDIA Corporation$10.7m53.4K
NVRIEnviri Corp$4.7m212.7K
KLARKlarna Group plc$3.8m188.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
TEVATeva Pharmaceutical Industries LTD−$256.3m−7.56M
VALValaris Ltd−$94.0m−1.30M
AGFirst Majestic Silver Corp−$79.4m−4.68M
SLBSchlumberger−$47.6m−1.02M
NOWServiceNow−$40.8m−389.9K
VEONVeon Ltd.−$40.6m−776.9K
ISRGIntuitive Surgical−$32.5m−81.8K
NGNovagold Resources Inc−$31.7m−5.31M
RXRXRecursion Pharmaceuticals, Inc.−$13.5m−3.68M
APGApi Group Corp−$12.4m−307.2K
JOBYJoby Aviation, Inc.−$11.9m−1.34M
PONYPony AI Inc.−$10.5m−1.51M
AMZNAmazon−$8.8m−42.4K
MSFTMicrosoft Corporation−$4.6m−12.5K
SBSWSibanye Stillwater Ltd−$4.2m−500.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
NOWServiceNow$40.8m389.9K
APGApi Group Corp$12.4m307.2K
AMZNAmazon$8.8m42.4K
MSFTMicrosoft Corporation$4.6m12.5K
RKTRocket Companies, Inc.$2.5m178.2K
KKRKKR & Co.$2.5m26.6K
OWLBlue OWL Capital Inc.$2.2m239.2K
BABAAlibaba Group Holding Ltd$2.1m17.1K
  • Health Care30.7%
  • Energy17.1%
  • Communication Services15.8%
  • Consumer Discretionary13.8%
  • Technology10.7%
  • Materials10.1%
  • Industrials1.4%
  • Utilities0.3%
  • Financials0.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestMarch 16, 2018 to November 2, 2026+38.5%+14.2%0.960.60−41.3%1.02
Last three yearsNovember 3, 2023 to November 2, 2026+40.8%+21.8%1.231.16−24.9%1.34
Last yearNovember 7, 2025 to November 2, 2026+17.0%+14.2%0.530.84−22.9%1.62

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.