Trinity Street Asset Management LLP Concentrated Active

Location: London, United Kingdom

CIK: 0001592579 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 16, 2026

Total Value: $1.868B (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (2)

IBKR INTERACTIVE BROKERS GROUP IN 1.6%

Value $29.94M Shares 350,499 Share Price $85.42 Est. Cost/Share $91.51 Unrealized @ Report Date -6.7%

QCOM QUALCOMM INC 1.1%

Value $20.18M Shares 109,666 Share Price $184.04 Est. Cost/Share $173.01 Unrealized @ Report Date +6.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IBKR	INTERACTIVE BROKERS GROUP IN	350,499	$29.94M	1.6%	$85.42	$91.51	-6.7%	COM CL A	45841N107
QCOM	QUALCOMM INC	109,666	$20.18M	1.1%	$184.04	$173.01	+6.4%	COM	747525103

Increased Positions (6)

RYAAY RYANAIR HOLDINGS PLC 11.0%

Value $205M (-11.1%) Shares 3,731,349 (+4.6%) Share Price $55.01 Est. Cost/Share $40.38 Unrealized @ Report Date +36.2%

SW SMURFIT WESTROCK PLC 13.9%

Value $260M (+6.7%) Shares 5,886,975 (+11.9%) Share Price $44.10 Est. Cost/Share $41.81 Unrealized @ Report Date +5.5%

CNH CNH INDL N V 1.9%

Value $36.23M (+20.7%) Shares 2,819,082 (+5.4%) Share Price $12.85 Est. Cost/Share $10.71 Unrealized @ Report Date +20.0%

COHR COHERENT CORP 1.4%

Value $26.59M (-18.3%) Shares 92,375 (+12.0%) Share Price $287.81 Est. Cost/Share $165.72 Unrealized @ Report Date +73.7%

UBER UBER TECHNOLOGIES INC 1.4%

Value $25.7M (+10.4%) Shares 375,189 (+16.3%) Share Price $68.51 Est. Cost/Share $83.28 Unrealized @ Report Date -17.7%

EFX EQUIFAX INC 1.2%

Value $22.98M (-0.5%) Shares 167,461 (+15.1%) Share Price $137.24 Est. Cost/Share $228.61 Unrealized @ Report Date -40.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RYAAY	RYANAIR HOLDINGS PLC	3,731,349 (+4.6%)	$205M (-11.1%)	11.0%	$55.01	$40.38	+36.2%	SPONSORED ADS	783513203
SW	SMURFIT WESTROCK PLC	5,886,975 (+11.9%)	$260M (+6.7%)	13.9%	$44.10	$41.81	+5.5%	SHS	G8267P108
CNH	CNH INDL N V	2,819,082 (+5.4%)	$36.23M (+20.7%)	1.9%	$12.85	$10.71	+20.0%	SHS	N20944109
COHR	COHERENT CORP	92,375 (+12.0%)	$26.59M (-18.3%)	1.4%	$287.81	$165.72	+73.7%	COM	19247G107
UBER	UBER TECHNOLOGIES INC	375,189 (+16.3%)	$25.7M (+10.4%)	1.4%	$68.51	$83.28	-17.7%	COM	90353T100
EFX	EQUIFAX INC	167,461 (+15.1%)	$22.98M (-0.5%)	1.2%	$137.24	$228.61	-40.0%	COM	294429105

Exited Positions (1)

INTU INTUIT 0.6%

Value $11.49M Shares 44,025 Share Price $261.00 * Est. Cost/Share $612.00 Unrealized @ Report Date -54.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
INTU	INTUIT	44,025	$11.49M	0.6%	$261.00 *	$612.00	-54.9%	—	461202103

Decreased Positions (15)

TSM TAIWAN SEMICONDUCTOR MFG LTD 20.9%

Value $390M (-12.2%) Shares 855,571 (-8.1%) Share Price $456.19 Est. Cost/Share $117.45 Unrealized @ Report Date +288.4%

ICLR ICON PLC 13.5%

Value $253M (-5.2%) Shares 1,487,375 (-3.1%) Share Price $169.99 Est. Cost/Share $193.13 Unrealized @ Report Date -12.0%

MSFT MICROSOFT CORP 2.4%

Value $45.23M (+35.0%) Shares 88,192 (-1.8%) Share Price $512.90 Est. Cost/Share $327.75 Unrealized @ Report Date +56.5%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.0%

Value $864K (-92.8%) Shares 15,050 (-95.2%) Share Price $57.44 Est. Cost/Share $79.37 Unrealized @ Report Date -27.6%

SARO STANDARDAERO INC 1.1%

Value $19.89M (-30.0%) Shares 931,627 (-1.9%) Share Price $21.35 Est. Cost/Share $29.84 Unrealized @ Report Date -28.5%

DHI D R HORTON INC 1.1%

Value $20.14M (-17.6%) Shares 147,417 (-1.8%) Share Price $136.65 Est. Cost/Share $156.29 Unrealized @ Report Date -12.6%

GOOGL ALPHABET INC 2.5%

Value $46.98M (-5.5%) Shares 136,539 (-1.8%) Share Price $344.08 Est. Cost/Share $108.20 Unrealized @ Report Date +218.0%

KB KB FINANCIAL GROUP INC 1.0%

Value $17.79M (+15.5%) Shares 144,483 (-1.5%) Share Price $123.10 Est. Cost/Share $81.59 Unrealized @ Report Date +50.9%

AMD ADVANCED MICRO DEVICES INC 1.4%

Value $26.37M (-6.8%) Shares 43,100 (-11.5%) Share Price $611.76 Est. Cost/Share $221.25 Unrealized @ Report Date +176.5%

NOC NORTHROP GRUMMAN CORP 1.1%

Value $20.53M (-6.8%) Shares 42,457 (-1.8%) Share Price $483.48 Est. Cost/Share $423.93 Unrealized @ Report Date +14.0%

NUE NUCOR CORP 1.8%

Value $34.08M (+3.0%) Shares 145,790 (-1.8%) Share Price $233.75 Est. Cost/Share $162.43 Unrealized @ Report Date +43.9%

AMZN AMAZON COM INC 1.9%

Value $35.95M (+2.6%) Shares 144,296 (-1.8%) Share Price $249.15 Est. Cost/Share $133.24 Unrealized @ Report Date +87.0%

CI CIGNA CORP NEW 1.0%

Value $18.95M (-3.2%) Shares 69,711 (-1.8%) Share Price $271.83 Est. Cost/Share $227.35 Unrealized @ Report Date +19.6%

CLH CLEAN HARBORS INC 1.5%

Value $28.8M (-1.6%) Shares 92,837 (-5.2%) Share Price $310.23 Est. Cost/Share $177.11 Unrealized @ Report Date +75.2%

INFY INFOSYS LTD 7.4%

Value $138M (+0.2%) Shares 12,781,846 (-2.3%) Share Price $10.76 Est. Cost/Share $17.17 Unrealized @ Report Date -37.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	855,571 (-8.1%)	$390M (-12.2%)	20.9%	$456.19	$117.45	+288.4%	SPONSORED ADS	874039100
ICLR	ICON PLC	1,487,375 (-3.1%)	$253M (-5.2%)	13.5%	$169.99	$193.13	-12.0%	SHS	G4705A100
MSFT	MICROSOFT CORP	88,192 (-1.8%)	$45.23M (+35.0%)	2.4%	$512.90	$327.75	+56.5%	COM	594918104
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	15,050 (-95.2%)	$864K (-92.8%)	0.0%	$57.44	$79.37	-27.6%	CL A	192446102
SARO	STANDARDAERO INC	931,627 (-1.9%)	$19.89M (-30.0%)	1.1%	$21.35	$29.84	-28.5%	COM	85423L103
DHI	D R HORTON INC	147,417 (-1.8%)	$20.14M (-17.6%)	1.1%	$136.65	$156.29	-12.6%	COM	23331A109
GOOGL	ALPHABET INC	136,539 (-1.8%)	$46.98M (-5.5%)	2.5%	$344.08	$108.20	+218.0%	CAP STK CL A	02079K305
KB	KB FINANCIAL GROUP INC	144,483 (-1.5%)	$17.79M (+15.5%)	1.0%	$123.10	$81.59	+50.9%	SPONSORED ADR	48241A105
AMD	ADVANCED MICRO DEVICES INC	43,100 (-11.5%)	$26.37M (-6.8%)	1.4%	$611.76	$221.25	+176.5%	COM	007903107
NOC	NORTHROP GRUMMAN CORP	42,457 (-1.8%)	$20.53M (-6.8%)	1.1%	$483.48	$423.93	+14.0%	COM	666807102
NUE	NUCOR CORP	145,790 (-1.8%)	$34.08M (+3.0%)	1.8%	$233.75	$162.43	+43.9%	COM	670346105
AMZN	AMAZON COM INC	144,296 (-1.8%)	$35.95M (+2.6%)	1.9%	$249.15	$133.24	+87.0%	COM	023135106
CI	CIGNA CORP NEW	69,711 (-1.8%)	$18.95M (-3.2%)	1.0%	$271.83	$227.35	+19.6%	COM	125523100
CLH	CLEAN HARBORS INC	92,837 (-5.2%)	$28.8M (-1.6%)	1.5%	$310.23	$177.11	+75.2%	COM	184496107
INFY	INFOSYS LTD	12,781,846 (-2.3%)	$138M (+0.2%)	7.4%	$10.76	$17.17	-37.3%	SPONSORED ADR	456788108

Unchanged Positions (1)

HDB HDFC BANK LTD 7.8%

Value $145M Shares 6,500,900 Share Price $22.34 Est. Cost/Share $29.14 Unrealized @ Report Date -23.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HDB	HDFC BANK LTD	6,500,900	$145M	7.8%	$22.34	$29.14	-23.3%	SPONSORED ADS	40415F101