LANSDOWNE PARTNERS (UK) LLP Diversified Active

CIK: 0001608485 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,363,749 (100.0% shares, 0.0% debt)

Holdings (24)

New Positions (3)

ETN EATON CORP PLC 2.6%

Value ($000) $35,022 Shares 109,955 Est. Cost $354.39 Unrealized 0.0%

ALC ALCON AG 0.8%

Value ($000) $10,706 Shares 134,099 Est. Cost $77.00 Unrealized 0.0%

MDT MEDTRONIC PLC 0.2%

Value ($000) $3,016 Shares 31,398 Est. Cost $97.14 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON CORP PLC	109,955	$35,022	2.6%	$354.39	0.0%	SHS	G29183103
ALC	ALCON AG	134,099	$10,706	0.8%	$77.00	0.0%	ORD SHS	H01301128
MDT	MEDTRONIC PLC	31,398	$3,016	0.2%	$97.14	0.0%	SHS	G5960L103

Increased Positions (8)

ADI ANALOG DEVICES INC 12.6%

Value ($000) $172,145 (+362.8%) Shares 634,754 (+319.3%) Est. Cost $235.75 Unrealized +6.3%

TECK TECK RESOURCES LTD 6.3%

Value ($000) $86,473 (+172.9%) Shares 1,805,666 (+150.1%) Est. Cost $40.52 Unrealized +6.9%

ARM ARM HOLDINGS PLC 3.8%

Value ($000) $51,603 (+508.1%) Shares 472,076 (+687.1%) Est. Cost $113.40 Unrealized —

DAL DELTA AIR LINES INC DEL 12.3%

Value ($000) $167,560 (+29.3%) Shares 2,414,408 (+5.7%) Est. Cost $51.16 Unrealized +22.1%

UAL UNITED AIRLS HLDGS INC 10.1%

Value ($000) $137,535 (+29.5%) Shares 1,229,971 (+11.8%) Est. Cost $81.03 Unrealized +24.7%

TXN TEXAS INSTRS INC 1.0%

Value ($000) $13,531 (+104.4%) Shares 77,995 (+116.5%) Est. Cost $175.02 Unrealized -2.5%

RAL RALLIANT CORP 0.4%

Value ($000) $5,095 (+562.3%) Shares 100,085 (+468.9%) Est. Cost $47.24 Unrealized -0.8%

ROK ROCKWELL AUTOMATION INC 0.9%

Value ($000) $12,091 (+17.1%) Shares 31,077 (+5.2%) Est. Cost $288.41 Unrealized +30.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADI	ANALOG DEVICES INC	634,754 (+319.3%)	$172,145 (+362.8%)	12.6%	$235.75	+6.3%	COM	032654105
TECK	TECK RESOURCES LTD	1,805,666 (+150.1%)	$86,473 (+172.9%)	6.3%	$40.52	+6.9%	CL B	878742204
ARM	ARM HOLDINGS PLC	472,076 (+687.1%)	$51,603 (+508.1%)	3.8%	$113.40	—	SPONSORED ADS	042068205
DAL	DELTA AIR LINES INC DEL	2,414,408 (+5.7%)	$167,560 (+29.3%)	12.3%	$51.16	+22.1%	COM NEW	247361702
UAL	UNITED AIRLS HLDGS INC	1,229,971 (+11.8%)	$137,535 (+29.5%)	10.1%	$81.03	+24.7%	COM	910047109
TXN	TEXAS INSTRS INC	77,995 (+116.5%)	$13,531 (+104.4%)	1.0%	$175.02	-2.5%	COM	882508104
RAL	RALLIANT CORP	100,085 (+468.9%)	$5,095 (+562.3%)	0.4%	$47.24	-0.8%	COM	750940108
ROK	ROCKWELL AUTOMATION INC	31,077 (+5.2%)	$12,091 (+17.1%)	0.9%	$288.41	+30.1%	COM	773903109

Decreased Positions (7)

LIN LINDE PLC 7.1%

Value ($000) $96,985 (-44.0%) Shares 227,457 (-37.6%) Est. Cost $380.70 Unrealized +12.2%

SW SMURFIT WESTROCK PLC 0.7%

Value ($000) $9,947 (-81.8%) Shares 257,224 (-80.0%) Est. Cost $43.84 Unrealized -13.0%

CRH CRH PLC 2.8%

Value ($000) $38,437 (-50.5%) Shares 307,987 (-52.5%) Est. Cost $64.57 Unrealized +84.5%

AMZN AMAZON COM INC 0.8%

Value ($000) $10,957 (-70.1%) Shares 47,471 (-71.6%) Est. Cost $218.40 Unrealized +4.8%

IONQ IONQ INC 2.1%

Value ($000) $28,842 (-25.2%) Shares 642,793 (-66.8%) Est. Cost $38.54 Unrealized +45.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 29.5%

Value ($000) $402,741 (+1.6%) Shares 1,325,284 (-6.6%) Est. Cost $208.54 Unrealized —

FLUT FLUTTER ENTMT PLC 0.0%

Value ($000) $354 (-45.4%) Shares 1,645 (-35.6%) Est. Cost $214.82 Unrealized +4.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIN	LINDE PLC	227,457 (-37.6%)	$96,985 (-44.0%)	7.1%	$380.70	+12.2%	SHS	G54950103
SW	SMURFIT WESTROCK PLC	257,224 (-80.0%)	$9,947 (-81.8%)	0.7%	$43.84	-13.0%	SHS	G8267P108
CRH	CRH PLC	307,987 (-52.5%)	$38,437 (-50.5%)	2.8%	$64.57	+84.5%	ORD	G25508105
AMZN	AMAZON COM INC	47,471 (-71.6%)	$10,957 (-70.1%)	0.8%	$218.40	+4.8%	COM	023135106
IONQ	IONQ INC	642,793 (-66.8%)	$28,842 (-25.2%)	2.1%	$38.54	+45.4%	COM	46222L108
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,325,284 (-6.6%)	$402,741 (+1.6%)	29.5%	$208.54	—	SPONSORED ADS	874039100
FLUT	FLUTTER ENTMT PLC	1,645 (-35.6%)	$354 (-45.4%)	0.0%	$214.82	+4.7%	SHS	G3643J108

Unchanged Positions (6)

B BARRICK MNG CORP 0.8%

Value ($000) $11,577 Shares 265,824 Est. Cost $25.15 Unrealized +48.8%

GOLF ACUSHNET HLDGS CORP 3.1%

Value ($000) $42,282 Shares 529,718 Est. Cost $48.45 Unrealized +67.5%

FTV FORTIVE CORP 0.2%

Value ($000) $2,671 Shares 48,375 Est. Cost $55.40 Unrealized -6.4%

— SOHO HOUSE & CO INC 1.7%

Value ($000) $23,004 Shares 2,567,413 Est. Cost $11.94 Unrealized —

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $403 Shares 1,298 Est. Cost $234.26 Unrealized +21.8%

AEM AGNICO EAGLE MINES LTD 0.1%

Value ($000) $772 Shares 4,553 Est. Cost $81.65 Unrealized +105.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
B	BARRICK MNG CORP	265,824	$11,577	0.8%	$25.15	+48.8%	COM SHS	06849F108
GOLF	ACUSHNET HLDGS CORP	529,718	$42,282	3.1%	$48.45	+67.5%	COM	005098108
FTV	FORTIVE CORP	48,375	$2,671	0.2%	$55.40	-6.4%	COM	34959J108
—	SOHO HOUSE & CO INC	2,567,413	$23,004	1.7%	$11.94	—	COM CL A	586001109
MAR	MARRIOTT INTL INC NEW	1,298	$403	0.0%	$234.26	+21.8%	CL A	571903202
AEM	AGNICO EAGLE MINES LTD	4,553	$772	0.1%	$81.65	+105.6%	COM	008474108