Kiltearn Partners
Kiltearn teamEdinburgh, X0files as Kiltearn Partners LLP
$412m in 29 US stocks at the end of 30 June 2026. The top 10 are 66.7% of the money. It changed about 11.1% of the portfolio this quarter.
Value
$412m
Stocks
29
Top 10 share
66.7%
Turnover
11.1%
What changed this quarter
New
Bought for the first time this quarter.
- NikeNKE1.1% of the fund
- Restaurant Brands InternationalQSR0.9% of the fund
- Booking HoldingsBKNG0.8% of the fund
- FedEx Freight Holding CompanyFDXF0.4% of the fund
Added
Bought more of a stock they already held.
- Southwest AirlinesLUV7.7% of the fund+5%
- CarMaxKMX5.2% of the fund+3%
- HCA HealthcareHCA3.5% of the fund+24%
- LKQLKQ3.3% of the fund+6%
- GenpactG2.5% of the fund+317%
- Versant Media GroupVSNT1.3% of the fund+303%
- PVHPVH0.9% of the fund+10%
Cut
Sold some of their stake.
- Affiliated Managers GroupAMG15.2% of the fund-5%
- CVS HealthCVS8.7% of the fund-5%
- Ambev SAABEV5.8% of the fund-3%
- Vale S AVALE3.3% of the fund-5%
- Gilead SciencesGILD2.9% of the fund-6%
- Stanley Black & DeckerSWK2.8% of the fund-5%
- MedtronicMDT2.7% of the fund-5%
- LyondellBasell IndustriesLYB2.4% of the fund-4%
- Tenaris S ATS2.3% of the fund-15%
- Robert HalfRHI2.3% of the fund-5%
- SolventumSOLV1.8% of the fund-5%
- FedExFDX1.6% of the fund-5%
- United Parcel ServiceUPS1.2% of the fund-5%
- NOVNOV1.1% of the fund-23%
- ExxonMobil HoldingsXOM1.0% of the fund-23%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Ambev SAABEV
- Share
- 5.8%
- Value
- $24m
- Shares
- 7,567,886
-3%
- Vale S AVALE
- Share
- 3.3%
- Value
- $14m
- Shares
- 909,672
-5%
- Tenaris S ATS
- Share
- 2.3%
- Value
- $10m
- Shares
- 173,766
-15%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Affiliated Managers GroupAMG | 15.2% | $62m | 184,586 | -5% |
| CVS HealthCVS | 8.7% | $36m | 345,471 | -5% |
| Southwest AirlinesLUV | 7.7% | $32m | 619,627 | +5% |
| Dollar GeneralDG | 7.7% | $32m | 274,047 | Held |
| Ambev SAABEV | 5.8% | $24m | 7,567,886 | -3% |
| CarMaxKMX | 5.2% | $21m | 406,479 | +3% |
| Cigna GroupCI | 4.9% | $20m | 73,833 | Held |
| ComcastCMCSA | 4.7% | $19m | 784,026 | Held |
| HCA HealthcareHCA | 3.5% | $15m | 37,314 | +24% |
| Vale S AVALE | 3.3% | $14m | 909,672 | -5% |
| LKQLKQ | 3.3% | $13m | 510,520 | +6% |
| Gilead SciencesGILD | 2.9% | $12m | 94,871 | -6% |
| Stanley Black & DeckerSWK | 2.8% | $11m | 121,847 | -5% |
| MedtronicMDT | 2.7% | $11m | 142,788 | -5% |
| GenpactG | 2.5% | $10m | 378,005 | +317% |
| LyondellBasell IndustriesLYB | 2.4% | $10m | 186,982 | -4% |
| Tenaris S ATS | 2.3% | $10m | 173,766 | -15% |
| Robert HalfRHI | 2.3% | $9m | 304,068 | -5% |
| SolventumSOLV | 1.8% | $8m | 97,403 | -5% |
| FedExFDX | 1.6% | $7m | 21,559 | -5% |
| Versant Media GroupVSNT | 1.3% | $5m | 146,131 | +303% |
| United Parcel ServiceUPS | 1.2% | $5m | 45,341 | -5% |
| NOVNOV | 1.1% | $5m | 251,641 | -23% |
| NikeNKE | 1.1% | $5m | 111,171 | New |
| ExxonMobil HoldingsXOM | 1.0% | $4m | 28,892 | -23% |
| PVHPVH | 0.9% | $4m | 49,402 | +10% |
| Restaurant Brands InternationalQSR | 0.9% | $4m | 50,394 | New |
| Booking HoldingsBKNG | 0.8% | $4m | 19,653 | New |
| FedEx Freight Holding CompanyFDXF | 0.4% | $2m | 11,439 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 17.1% since 30 June 2025.
Where the money is
Health care24.6%
Industrials19.5%
Financial services15.2%
Retail & consumer9.0%
Everyday goods7.7%
Media & telecom5.9%
Materials2.4%
Technology2.3%
Energy2.1%
Other11.4%
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.