Intermede Investment Partners
LONDON, X0files as Intermede Investment Partners Ltd
$2.4bn in 30 US stocks at the end of 30 June 2026. The top 10 are 54.4% of the money. It changed about 12.3% of the portfolio this quarter.
Value
$2.4bn
Stocks
30
Top 10 share
54.4%
Turnover
12.3%
What changed this quarter
New
Bought for the first time this quarter.
- AllegionALLE2.9% of the fund
- AmetekAME2.3% of the fund
- Analog DevicesADI1.9% of the fund
Added
Bought more of a stock they already held.
- BroadcomAVGO4.3% of the fund+3%
- IntuitINTU2.7% of the fund+22%
- HDFC BankHDB2.0% of the fund+11%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM8.9% of the fund-4%
- AppleAAPL6.8% of the fund-16%
- AlphabetGOOG6.4% of the fund-12%
- Amazon.com5.0% of the fund-4%
- Charles SchwabSCHW4.3% of the fund-4%
- MastercardMA3.8% of the fund-14%
- UnitedHealth GroupUNH3.3% of the fund-4%
- Capital One FinancialCOF3.2% of the fund-4%
- DexcomDXCM3.2% of the fund-5%
- Baker HughesBKR3.1% of the fund-4%
- LindeLIN2.9% of the fund-34%
- CME GroupCME2.9% of the fund-4%
- Applied MaterialsAMAT2.8% of the fund-28%
- Meta PlatformsMETA2.8% of the fund-32%
- Uber TechnologiesUBER2.6% of the fund-5%
- TransDigm GroupTDG2.6% of the fund-19%
- Vertex PharmaceuticalsVRTX2.2% of the fund-4%
- EquifaxEFX2.1% of the fund-4%
- Chipotle Mexican GrillCMG2.0% of the fund-4%
- Waste ManagementWM2.0% of the fund-4%
- Trip COM GroupTCOM1.8% of the fund-4%
Sold out
Sold their entire stake.
- AirbnbABNB-100%
Holdings
- Amazon.com
- Share
- 5.0%
- Value
- $119m
- Shares
- 452,551
-4%
- Trip COM GroupTCOM
- Share
- 1.8%
- Value
- $42m
- Shares
- 942,905
-4%
- SeaSE
- Share
- 0.5%
- Value
- $12m
- Shares
- 94,590
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 8.9% | $210m | 494,195 | -4% |
| NvidiaNVDA | 8.5% | $202m | 897,613 | Held |
| AppleAAPL | 6.8% | $160m | 525,232 | -16% |
| AlphabetGOOG | 6.4% | $152m | 443,172 | -12% |
| Amazon.com | 5.0% | $119m | 452,551 | -4% |
| BroadcomAVGO | 4.3% | $102m | 258,548 | +3% |
| Charles SchwabSCHW | 4.3% | $101m | 914,616 | -4% |
| MastercardMA | 3.8% | $89m | 157,526 | -14% |
| UnitedHealth GroupUNH | 3.3% | $78m | 194,489 | -4% |
| Capital One FinancialCOF | 3.2% | $76m | 335,828 | -4% |
| DexcomDXCM | 3.2% | $75m | 818,840 | -5% |
| Baker HughesBKR | 3.1% | $73m | 1,135,690 | -4% |
| LindeLIN | 2.9% | $70m | 145,480 | -34% |
| CME GroupCME | 2.9% | $69m | 258,688 | -4% |
| AllegionALLE | 2.9% | $68m | 413,589 | New |
| Applied MaterialsAMAT | 2.8% | $66m | 131,259 | -28% |
| Meta PlatformsMETA | 2.8% | $66m | 111,729 | -32% |
| IntuitINTU | 2.7% | $64m | 183,254 | +22% |
| Uber TechnologiesUBER | 2.6% | $63m | 833,934 | -5% |
| TransDigm GroupTDG | 2.6% | $62m | 49,681 | -19% |
| AmetekAME | 2.3% | $55m | 215,011 | New |
| Vertex PharmaceuticalsVRTX | 2.2% | $52m | 101,619 | -4% |
| EquifaxEFX | 2.1% | $51m | 277,384 | -4% |
| Chipotle Mexican GrillCMG | 2.0% | $48m | 1,444,660 | -4% |
| HDFC BankHDB | 2.0% | $48m | 2,073,833 | +11% |
| Waste ManagementWM | 2.0% | $48m | 212,930 | -4% |
| Analog DevicesADI | 1.9% | $46m | 119,908 | New |
| Trip COM GroupTCOM | 1.8% | $42m | 942,905 | -4% |
| SeaSE | 0.5% | $12m | 94,590 | Held |
| Grab HoldingsGRAB | 0.2% | $5m | 1,474,355 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 26.7% since 30 June 2025.
Where the money is
Technology36.1%
Financial services16.2%
Industrials14.6%
Media & telecom9.2%
Health care8.6%
Energy3.1%
Materials2.9%
Retail & consumer2.0%
Other7.3%
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.