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Asset manager

Mondrian Investment Partners Ltd

13F for the quarter to June 30, 2026, filed July 30, 2026 · SEC CIK 1317724

Reported value
$6.5bn
77% in companies we cover
Positions we cover
67
Largest YUMC 14.3%
Copy, a year
+15.2%
S&P 500 +13.8%
Copy Sharpe ratio
0.86
S&P 500 0.76

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $64.9k$55.3k
CopyS&P 500 $10,000 copying Mondrian Investment Partners Ltd's filed holdings in companies we cover from August 2, 2013, 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 −30.7% (S&P 500 −31.8%); beta 0.81; alpha +3.4% a year (t = 1.47); last 12 months +18.8% against +12.1%.

Reported value by quarter

Mondrian Investment Partners Ltd: 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 $2B $4B $6B $8B Reported value, 2013-06-30: $6.6B Reported value, 2013-09-30: $6.8B Reported value, 2013-12-31: $7.1B Reported value, 2014-03-31: $6.8B Reported value, 2014-06-30: $7.1B Reported value, 2014-09-30: $7.2B Reported value, 2014-12-31: $6.2B Reported value, 2015-03-31: $6.1B Reported value, 2015-06-30: $5.9B Reported value, 2015-09-30: $4.7B Reported value, 2015-12-31: $4.5B Reported value, 2016-03-31: $4.5B Reported value, 2016-06-30: $4.2B Reported value, 2016-09-30: $4.1B Reported value, 2016-12-31: $3.5B Reported value, 2017-03-31: $3.6B Reported value, 2017-06-30: $3.5B Reported value, 2017-09-30: $3.9B Reported value, 2017-12-31: $4.1B Reported value, 2018-03-31: $3.7B Reported value, 2018-06-30: $3.4B Reported value, 2018-09-30: $3.2B Reported value, 2018-12-31: $2.7B Reported value, 2019-03-31: $3.2B Reported value, 2019-06-30: $3.1B Reported value, 2019-09-30: $3.1B Reported value, 2019-12-31: $3.8B Reported value, 2020-03-31: $2.9B Reported value, 2020-06-30: $2.8B Reported value, 2020-09-30: $2.9B Reported value, 2020-12-31: $4B Reported value, 2021-03-31: $4.7B Reported value, 2021-06-30: $5.2B Reported value, 2021-09-30: $5B Reported value, 2021-12-31: $5.1B Reported value, 2022-03-31: $4.9B Reported value, 2022-06-30: $4.8B Reported value, 2022-09-30: $4.6B Reported value, 2022-12-31: $4.5B Reported value, 2023-03-31: $4.5B Reported value, 2023-06-30: $5B Reported value, 2023-09-30: $4.9B Reported value, 2023-12-31: $6.3B Reported value, 2024-03-31: $7.3B Reported value, 2024-06-30: $6.5B Reported value, 2024-09-30: $6.6B Reported value, 2024-12-31: $6.1B Reported value, 2025-03-31: $5.8B Reported value, 2025-09-30: $6B Reported value, 2025-12-31: $6.1B Reported value, 2026-03-31: $6.7B Reported value, 2026-06-30: $6.5B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $6.5B
View chart data
Period Reported value
2013-06-30 $6.6B
2013-09-30 $6.8B
2013-12-31 $7.1B
2014-03-31 $6.8B
2014-06-30 $7.1B
2014-09-30 $7.2B
2014-12-31 $6.2B
2015-03-31 $6.1B
2015-06-30 $5.9B
2015-09-30 $4.7B
2015-12-31 $4.5B
2016-03-31 $4.5B
2016-06-30 $4.2B
2016-09-30 $4.1B
2016-12-31 $3.5B
2017-03-31 $3.6B
2017-06-30 $3.5B
2017-09-30 $3.9B
2017-12-31 $4.1B
2018-03-31 $3.7B
2018-06-30 $3.4B
2018-09-30 $3.2B
2018-12-31 $2.7B
2019-03-31 $3.2B
2019-06-30 $3.1B
2019-09-30 $3.1B
2019-12-31 $3.8B
2020-03-31 $2.9B
2020-06-30 $2.8B
2020-09-30 $2.9B
2020-12-31 $4B
2021-03-31 $4.7B
2021-06-30 $5.2B
2021-09-30 $5B
2021-12-31 $5.1B
2022-03-31 $4.9B
2022-06-30 $4.8B
2022-09-30 $4.6B
2022-12-31 $4.5B
2023-03-31 $4.5B
2023-06-30 $5B
2023-09-30 $4.9B
2023-12-31 $6.3B
2024-03-31 $7.3B
2024-06-30 $6.5B
2024-09-30 $6.6B
2024-12-31 $6.1B
2025-03-31 $5.8B
2025-09-30 $6B
2025-12-31 $6.1B
2026-03-31 $6.7B
2026-06-30 $6.5B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
YUMCYum China Holdings, Inc.14.34%$929.7m2.91M+23.4% Added
GSKGSK plc3.97%$257.4m4.91M−1.5% Reduced
BTIBritish American Tobacco P.l.c.3.51%$227.5m3.68M−0.7% Reduced
PHGKoninklijke Philips NV3.38%$219.4m8.07M+3.5% Added
GOOGLAlphabet Inc. (Class A)2.96%$192.0m537.2K−8.5% Reduced
MSFTMicrosoft Corporation2.96%$191.8m514.2K+23.5% Added
MRKMerck & Co.2.92%$189.4m1.47M−6.8% Reduced
TMOThermo Fisher Scientific2.68%$173.6m346.3K+8.5% Added
SCHWCharles Schwab Corporation2.65%$171.5m1.86M+8.2% Added
UNHUnitedHealth Group2.38%$154.1m370.7K+7.2% Added
TXNTexas Instruments2.37%$153.6m515.3K−32.6% Reduced
PBRPetrobras - Petroleo Brasileiro SA2.24%$145.1m8.98M−19.2% Reduced
PLDPrologis2.16%$140.0m1.03M+9.5% Added
VALEVale S.a.2.15%$139.2m9.25M−7.2% Reduced
DLTRDollar Tree2.14%$138.5m1.14M+12.8% Added
BACBank of America2.12%$137.6m2.41M+12.8% Added
SHELShell plc1.93%$125.4m1.62M+0.4%
METAMeta Platforms1.82%$118.2m209.9K+15.3% Added
CDWCDW Corporation1.64%$106.2m755.1K−3.1% Reduced
DDDuPont1.63%$105.7m779.5KNew
CRMSalesforce1.61%$104.1m664.5K+9.7% Added
WFCWells Fargo1.59%$102.9m1.25M−1.1% Reduced
WDAYWorkday, Inc.1.23%$79.9m652.7K+6.2% Added
HDBHdfc Bank LTD1.21%$78.2m3.03M+29.3% Added
LHXL3Harris1.18%$76.4m262.8K+53.4% Added
SYYSysco1.16%$75.5m903.0K−50.5% Reduced
PEPPepsiCo1.14%$74.0m546.8K−12.9% Reduced
FISVFiserv0.91%$58.8m1.20M+22.3% Added
YMMFull Truck Alliance Co. Ltd.0.85%$55.3m6.81M−8.0% Reduced
NNNNNN Reit, Inc.0.81%$52.3m1.12M−36.4% Reduced
BBarrick Mining Corp0.75%$48.4m1.32M+20.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.65%$42.3m88.6K+37.1% Added
AMZNAmazon0.50%$32.1m134.8K+22.7% Added
EMREmerson Electric0.40%$25.6m178.8KNew
ZTSZoetis0.28%$18.1m251.7K+3534.2% Added
MUMicron Technology0.16%$10.4m9.0K0.0%
QQnity Electronics, Inc.0.09%$6.1m37.4K0.0%
PUKPrudential PLC0.04%$2.8m102.7K+132.0% Added
ESEversource Energy0.03%$2.0m27.1K−7.0% Reduced
WATWaters Corporation0.03%$1.7m4.6K−3.3% Reduced
AMTAmerican Tower0.03%$1.6m10.0K+3.8% Added
KVUEKenvue0.02%$1.4m75.2K−98.7% Reduced
EIXEdison International0.02%$1.4m18.4K−9.8% Reduced
LHLabcorp0.02%$1.2m4.3K−3.3% Reduced
SOLVSolventum0.02%$1.2m15.5K+5.4% Added
MCDMcDonald's0.02%$1.2m4.3K+15.7% Added
CSXCSX Corporation0.01%$995,94421.0K−48.1% Reduced
EOGEOG Resources0.01%$926,4027.1K−20.8% Reduced
QCOMQualcomm0.01%$901,9534.9K−24.3% Reduced
BNYBNY Mellon0.01%$861,8766.0K−8.5% Reduced
HMCHonda Motor Co LTD0.01%$859,59631.8K−99.2% Reduced
ASXASE Technology Holding Co., Ltd.0.01%$571,73112.7K−4.5% Reduced
DGDollar General0.01%$471,3754.1K0.0%
HCAHCA Healthcare0.01%$424,5901.1K−28.9% Reduced
BABAAlibaba Group Holding Ltd0.00%$216,3992.3K−9.3% Reduced
NTESNetease, Inc.0.00%$153,4681.2K−4.0% Reduced
BIDUBaidu, Inc.0.00%$92,858812−6.8% Reduced
SLFSUN Life Financial Inc0.00%$49,217442New
MFCManulife Financial Corp0.00%$47,799831New
ATHMAutohome Inc.0.00%$45,9192.4K0.0%
IMOImperial OIL LTD0.00%$44,752281New
NOMDNomad Foods Ltd0.00%$41,9713.8K0.0%
WPPWPP plc0.00%$36,4582.4K−99.9% Reduced
LAURLaureate Education, Inc.0.00%$31,8168760.0%
VINPVinci Compass Investments Ltd.0.00%$27,3122.8K0.0%
BUDAnheuser-busch Inbev SA0.00%$26,911327New
ABEVAmbev S.a.0.00%$2,584823−98.0% Reduced
CompanyBought (value)Shares
YUMCYum China Holdings, Inc.$176.3m551.5K
DDDuPont$105.7m779.5K
MSFTMicrosoft Corporation$36.5m97.8K
LHXL3Harris$26.6m91.5K
EMREmerson Electric$25.6m178.8K
HDBHdfc Bank LTD$17.7m686.5K
ZTSZoetis$17.6m244.8K
DLTRDollar Tree$15.8m130.3K
METAMeta Platforms$15.7m27.8K
BACBank of America$15.7m274.8K
TMOThermo Fisher Scientific$13.7m27.3K
SCHWCharles Schwab Corporation$13.0m140.8K
PLDPrologis$12.2m90.0K
TSMTaiwan Semiconductor Manufacturing Co LTD$11.4m24.0K
FISVFiserv$10.7m218.5K

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

CompanySold (value)Shares
HMCHonda Motor Co LTD−$112.6m−4.17M
KVUEKenvue−$107.2m−5.61M
SYYSysco−$77.1m−922.5K
TXNTexas Instruments−$74.4m−249.8K
WPPWPP plc−$52.7m−3.40M
PBRPetrobras - Petroleo Brasileiro SA−$34.4m−2.13M
NNNNNN Reit, Inc.−$29.9m−642.6K
GOOGLAlphabet Inc. (Class A)−$17.8m−49.8K
MRKMerck & Co.−$13.8m−107.6K
PEPPepsiCo−$10.9m−80.7K
VALEVale S.a.−$10.8m−716.3K
YMMFull Truck Alliance Co. Ltd.−$4.8m−589.6K
GSKGSK plc−$4.0m−76.6K
CDWCDW Corporation−$3.4m−24.0K
BTIBritish American Tobacco P.l.c.−$1.6m−26.0K

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

CompanyValue last quarterShares
UBERUber$339,8694.7K
SOBOSouth Bow Corp$166,4693.6K
PGProcter & Gamble$157,2951.1K
PFEPfizer$122,4294.4K
ULUnilever PLC$117,1872.1K
UNPUnion Pacific Corporation$110,392455
NINiSource$109,8842.4K
LNGCheniere Energy, Inc.$78,318276
BNSBank Of Nova Scotia$45,630473
BTGB2gold Corp$39,9046.3K
OTEXOpen Text Corp$18,197587
  • Health Care20.4%
  • Consumer Discretionary19.4%
  • Technology15.1%
  • Financials11.1%
  • Consumer Staples10.4%
  • Communication Services6.2%
  • Energy5.5%
  • Industrials4.2%
  • Real Estate3.9%
  • Materials3.8%
  • Utilities0.1%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 2, 2013 to November 2, 2026+15.2%+13.8%0.860.76−30.7%0.81
2018 onwardsJanuary 5, 2018 to November 2, 2026+14.6%+13.9%0.720.66−30.7%0.80
Last three yearsNovember 3, 2023 to November 2, 2026+19.8%+21.8%1.191.16−10.6%0.62
Last yearNovember 7, 2025 to November 2, 2026+17.7%+14.2%1.090.84−8.2%0.50

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.