High Ground Investment Management LLP
LONDON, X0
$1.1bn in 7 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 22.9% of the portfolio this quarter.
Value
$1.1bn
Stocks
7
Top 10 share
100.0%
Turnover
22.9%
What changed this quarter
New
Bought for the first time this quarter.
- T-Mobile USTMUS13.1% of the fund
- Eagle MaterialsEXP5.4% of the fund
Added
Bought more of a stock they already held.
- Elevance HealthELV23.1% of the fund+98%
- Arch Capital GroupACGL22.3% of the fund+46%
- AerCap HoldingsAER20.4% of the fund+31%
Cut
Sold some of their stake.
- HumanaHUM15.6% of the fund-12%
- Warrior MET CoalHCC<0.1% of the fund-90%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Elevance HealthELV | 23.1% | $263m | 679,904 | +98% |
| Arch Capital GroupACGL | 22.3% | $254m | 2,612,372 | +46% |
| AerCap HoldingsAER | 20.4% | $232m | 1,593,130 | +31% |
| HumanaHUM | 15.6% | $178m | 447,968 | -12% |
| T-Mobile USTMUS | 13.1% | $149m | 890,172 | New |
| Eagle MaterialsEXP | 5.4% | $62m | 274,599 | New |
| Warrior MET CoalHCC | <0.1% | $915,322 | 11,278 | -90% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 138.7% since 30 June 2025.
Where the money is
Health care38.7%
Financial services22.3%
Technology20.4%
Media & telecom13.1%
Materials5.4%
Energy0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.