Trinity Street Asset Management LLP Concentrated Active

CIK: 0001592579 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 22, 2026

Total Value ($000): $1,591,299 (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (2)

COHR COHERENT CORP 1.7%

Value ($000) $26,555 Shares 143,877 Est. Cost $149.58 Unrealized 0.0%

AMD ADVANCED MICRO DEVICES INC 0.5%

Value ($000) $7,619 Shares 35,574 Est. Cost $224.60 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COHR	COHERENT CORP	143,877	$26,555	1.7%	$149.58	0.0%	COM	19247G107
AMD	ADVANCED MICRO DEVICES INC	35,574	$7,619	0.5%	$224.60	0.0%	COM	007903107

Increased Positions (4)

ICLR ICON PLC 12.3%

Value ($000) $195,418 (+28.2%) Shares 1,072,428 (+23.1%) Est. Cost $220.39 Unrealized -19.2%

EFX EQUIFAX INC 1.5%

Value ($000) $23,522 (-12.2%) Shares 108,406 (+3.8%) Est. Cost $250.96 Unrealized -12.9%

DHI D R HORTON INC 1.5%

Value ($000) $23,075 (-8.2%) Shares 160,212 (+8.0%) Est. Cost $156.29 Unrealized -2.7%

CNH CNH INDL N V 1.4%

Value ($000) $22,511 (+9.5%) Shares 2,441,530 (+28.8%) Est. Cost $10.66 Unrealized -6.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PLC	1,072,428 (+23.1%)	$195,418 (+28.2%)	12.3%	$220.39	-19.2%	SHS	G4705A100
EFX	EQUIFAX INC	108,406 (+3.8%)	$23,522 (-12.2%)	1.5%	$250.96	-12.9%	COM	294429105
DHI	D R HORTON INC	160,212 (+8.0%)	$23,075 (-8.2%)	1.5%	$156.29	-2.7%	COM	23331A109
CNH	CNH INDL N V	2,441,530 (+28.8%)	$22,511 (+9.5%)	1.4%	$10.66	-6.3%	SHS	N20944109

Exited Positions (1)

AXTA AXALTA COATING SYS LTD 1.4%

Value ($000) $22,064 Shares 770,919 Est. Cost $33.94 Unrealized -13.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AXTA	AXALTA COATING SYS LTD	770,919	$22,064	1.4%	$33.94	-13.6%	—	G0750C108

Decreased Positions (16)

RYAAY RYANAIR HOLDINGS PLC 16.7%

Value ($000) $265,681 (+18.1%) Shares 3,680,298 (-1.5%) Est. Cost $39.90 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 18.5%

Value ($000) $293,808 (+6.1%) Shares 966,824 (-2.5%) Est. Cost $55.99 Unrealized —

INFY INFOSYS LTD 11.5%

Value ($000) $182,901 (+7.4%) Shares 10,263,804 (-2.0%) Est. Cost $18.53 Unrealized —

HDB HDFC BANK LTD 13.9%

Value ($000) $221,688 (+5.8%) Shares 6,067,000 (-1.1%) Est. Cost $46.05 Unrealized —

UBER UBER TECHNOLOGIES INC 1.5%

Value ($000) $23,620 (-20.2%) Shares 289,072 (-4.3%) Est. Cost $86.27 Unrealized +4.4%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 1.7%

Value ($000) $27,624 (+22.5%) Shares 332,817 (-1.0%) Est. Cost $79.37 Unrealized -5.9%

MSFT MICROSOFT CORP 2.3%

Value ($000) $36,199 (-11.4%) Shares 74,850 (-5.1%) Est. Cost $304.63 Unrealized +64.3%

NUE NUCOR CORP 1.6%

Value ($000) $26,089 (+14.7%) Shares 159,946 (-4.8%) Est. Cost $162.43 Unrealized -7.8%

NOC NORTHROP GRUMMAN CORP 1.7%

Value ($000) $26,307 (-10.4%) Shares 46,136 (-4.3%) Est. Cost $423.93 Unrealized +36.5%

INTU INTUIT 1.6%

Value ($000) $25,686 (-7.7%) Shares 38,776 (-4.9%) Est. Cost $637.53 Unrealized +3.6%

CI CIGNA CORP NEW 1.3%

Value ($000) $20,855 (-8.6%) Shares 75,773 (-4.3%) Est. Cost $227.35 Unrealized +22.8%

CACI CACI INTL INC 1.8%

Value ($000) $28,686 (+5.1%) Shares 53,839 (-1.6%) Est. Cost $443.01 Unrealized +27.6%

GOOGL ALPHABET INC 2.9%

Value ($000) $46,636 (-2.4%) Shares 148,996 (-24.2%) Est. Cost $108.20 Unrealized +163.9%

CLH CLEAN HARBORS INC 1.7%

Value ($000) $27,476 (-1.9%) Shares 117,177 (-2.8%) Est. Cost $177.11 Unrealized +29.0%

KB KB FINANCIAL GROUP INC 0.3%

Value ($000) $5,228 (-4.0%) Shares 60,763 (-7.5%) Est. Cost $44.59 Unrealized —

AMZN AMAZON COM INC 2.1%

Value ($000) $34,115 (+0.3%) Shares 147,801 (-4.5%) Est. Cost $129.69 Unrealized +76.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RYAAY	RYANAIR HOLDINGS PLC	3,680,298 (-1.5%)	$265,681 (+18.1%)	16.7%	$39.90	—	SPONSORED ADS	783513203
TSM	TAIWAN SEMICONDUCTOR MFG LTD	966,824 (-2.5%)	$293,808 (+6.1%)	18.5%	$55.99	—	SPONSORED ADS	874039100
INFY	INFOSYS LTD	10,263,804 (-2.0%)	$182,901 (+7.4%)	11.5%	$18.53	—	SPONSORED ADR	456788108
HDB	HDFC BANK LTD	6,067,000 (-1.1%)	$221,688 (+5.8%)	13.9%	$46.05	—	SPONSORED ADS	40415F101
UBER	UBER TECHNOLOGIES INC	289,072 (-4.3%)	$23,620 (-20.2%)	1.5%	$86.27	+4.4%	COM	90353T100
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	332,817 (-1.0%)	$27,624 (+22.5%)	1.7%	$79.37	-5.9%	CL A	192446102
MSFT	MICROSOFT CORP	74,850 (-5.1%)	$36,199 (-11.4%)	2.3%	$304.63	+64.3%	COM	594918104
NUE	NUCOR CORP	159,946 (-4.8%)	$26,089 (+14.7%)	1.6%	$162.43	-7.8%	COM	670346105
NOC	NORTHROP GRUMMAN CORP	46,136 (-4.3%)	$26,307 (-10.4%)	1.7%	$423.93	+36.5%	COM	666807102
INTU	INTUIT	38,776 (-4.9%)	$25,686 (-7.7%)	1.6%	$637.53	+3.6%	COM	461202103
CI	CIGNA CORP NEW	75,773 (-4.3%)	$20,855 (-8.6%)	1.3%	$227.35	+22.8%	COM	125523100
CACI	CACI INTL INC	53,839 (-1.6%)	$28,686 (+5.1%)	1.8%	$443.01	+27.6%	CL A	127190304
GOOGL	ALPHABET INC	148,996 (-24.2%)	$46,636 (-2.4%)	2.9%	$108.20	+163.9%	CAP STK CL A	02079K305
CLH	CLEAN HARBORS INC	117,177 (-2.8%)	$27,476 (-1.9%)	1.7%	$177.11	+29.0%	COM	184496107
KB	KB FINANCIAL GROUP INC	60,763 (-7.5%)	$5,228 (-4.0%)	0.3%	$44.59	—	SPONSORED ADR	48241A105
AMZN	AMAZON COM INC	147,801 (-4.5%)	$34,115 (+0.3%)	2.1%	$129.69	+76.4%	COM	023135106