Trinity Street Asset Management LL.P. 13F annual report

Trinity Street Asset Management LL.P. is an investment fund managing more than $1.13 trillion ran by Craig Thompson. There are currently 16 companies in Mr. Thompson’s portfolio. The largest investments include HDFC Bank and Icon Plc, together worth $446 billion.

$1.13 trillion Assets Under Management (AUM)

As of 28th June 2024, Trinity Street Asset Management LL.P.’s top holding is 3,527,200 shares of HDFC Bank currently worth over $227 billion and making up 20.0% of the portfolio value. Relative to the number of outstanding shares of HDFC Bank, Trinity Street Asset Management LL.P. owns more than approximately 0.1% of the company. In addition, the fund holds 697,515 shares of Icon Plc worth $219 billion, whose value grew 17.5% in the past six months. The third-largest holding is Ryanair Plc worth $172 billion and the next is Taiwan Semiconductor Mfg Ltd worth $158 billion, with 908,705 shares owned.

Currently, Trinity Street Asset Management LL.P.'s portfolio is worth at least $1.13 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Trinity Street Asset Management LL.P.

The Trinity Street Asset Management LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Craig Thompson serves as the PARTNER at Trinity Street Asset Management LL.P..

Recent trades

In the most recent 13F filing, Trinity Street Asset Management LL.P. revealed that it had opened a new position in Nucor and bought 121,539 shares worth $19.2 billion. This means they effectively own approximately 0.1% of the company. Nucor makes up 100.0% of the fund's Materials sector allocation and has decreased its share price by 2.5% in the past year.

The investment fund also strengthened its position in Alphabet Inc by buying 1,842 additional shares. This makes their stake in Alphabet Inc total 210,499 shares worth $38.3 billion. Alphabet Inc soared 52.8% in the past year.

On the other hand, there are companies that Trinity Street Asset Management LL.P. is getting rid of from its portfolio. Trinity Street Asset Management LL.P. closed its position in Qualcomm on 5th July 2024. It sold the previously owned 149,060 shares for $25.2 billion. Craig Thompson also disclosed a decreased stake in HDFC Bank by approximately 0.1%. This leaves the value of the investment at $227 billion and 3,527,200 shares.

One of the average hedge funds

The two most similar investment funds to Trinity Street Asset Management LL.P. are Confluence Wealth Services and Clear Harbor Asset Management. They manage $1.13 trillion and $1.13 trillion respectively.

Craig Thompson investment strategy

Trinity Street Asset Management LL.P.’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Finance — making up 28.3% of the total portfolio value. The fund focuses on investments in the Ireland as 12.5% of the portfolio companies are based in the Ireland.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 63% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $293 billion.

The complete list of Trinity Street Asset Management LL.P. trades based on 13F SEC filings

These positions were updated on July 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
HDFC Bank Ltd.	1.40% 3,527,200	$226,904,776,000	20.02%
Icon Plc	5.28% 697,515	$218,650,027,000	19.30%
Ryanair Holdings Plc	6.21% 1,476,500	$171,923,660,000	15.17%
Taiwan Semiconductor Mfg Ltd	24.28% 908,705	$157,942,016,000	13.94%
KB Financial Group Inc	24.20% 1,664,811	$94,244,950,000	8.32%
Alphabet Inc	0.88% 210,499	$38,342,392,000	3.38%
Amazon.com Inc.	1.26% 164,697	$31,827,695,000	2.81%
Clean Harbors, Inc.	1.48% 115,238	$26,061,073,000	2.30%
Qualcomm, Inc.	Closed 149,060	$25,235,858,000
Cigna Corp New	1.23% 76,014	$25,127,947,000	2.22%
Microsoft Corporation	1.21% 54,397	$24,312,739,000	2.15%
Airbnb, Inc.	1.24% 156,127	$23,673,537,000	2.09%
Ralph Lauren Corp	14.22% 121,734	$21,310,754,000	1.88%
Hologic, Inc.	Closed 260,491	$20,307,878,000
Lockheed Martin Corp.	Closed 42,624	$19,388,378,000
Nucor Corp.	Opened 121,539	$19,212,885,000	1.70%
Northrop Grumman Corp.	1.01% 43,500	$18,963,825,000	1.67%
Bath Body Works Inc	44.11% 446,746	$17,445,431,000	1.54%
Cnh Indl N V	Opened 1,702,319	$17,244,491,000	1.52%
CIENA Corp.	Closed 182,215	$9,010,531,000
No transactions found
Showing first 500 out of 20 holdings