Lingohr Asset Management GmbH
DUESSELDORF, 2M
$57m in 94 US stocks at the end of 30 September 2025. The top 10 are 28.3% of the money. It changed about 21.9% of the portfolio this quarter.
Value
$57m
Stocks
94
Top 10 share
28.3%
Turnover
21.9%
What changed this quarter
New
Bought for the first time this quarter.
- Icici BankIBN2.5% of the fund
- MercadoLibreMELI2.0% of the fund
- UnitedHealth GroupUNH1.1% of the fund
- ADTADT1.1% of the fund
- Kraft HeinzKHC1.0% of the fund
- QorvoQRVO0.6% of the fund
- Constellation EnergyCEG0.5% of the fund
- IntuitINTU0.5% of the fund
- TargetTGT0.5% of the fund
- Carrier GlobalCARR0.5% of the fund
- Yum China HoldingsYUMC0.5% of the fund
- FortinetFTNT0.4% of the fund
- Energy RecoveryERII0.4% of the fund
- Green Brick PartnersGRBK0.4% of the fund
- CarGurusCARG0.4% of the fund
- Ci&tCINT0.4% of the fund
- TD SynnexSNX0.4% of the fund
- OppFiOPFI0.4% of the fund
- Boyd GamingBYD0.4% of the fund
- Halozyme TherapeuticsHALO0.4% of the fund
- AESAES0.4% of the fund
- Collegium PharmaceuticalCOLL0.4% of the fund
- BeldenBDC0.4% of the fund
- Affiliated Managers GroupAMG0.4% of the fund
Added
Bought more of a stock they already held.
- Dell TechnologiesDELL2.2% of the fund+26%
- ExelixisEXEL1.6% of the fund+8%
- UBS Group AGUBS1.5% of the fund+8%
- Ishares TRSMIN1.5% of the fund+11%
- Taiwan Semiconductor ManufacturingTSM1.2% of the fund+141%
- Thermo Fisher ScientificTMO1.2% of the fund+52%
- AbbVieABBV1.1% of the fund+19%
- Commvault SystemsCVLT1.1% of the fund+8%
- EMCOR GroupEME0.9% of the fund+23%
- Mueller IndustriesMLI0.9% of the fund+16%
- FluorFLR0.8% of the fund+11%
- GE VernovaGEV0.8% of the fund+90%
- EnerSysENS0.8% of the fund+22%
Cut
Sold some of their stake.
- AngloGold AshantiAU3.4% of the fund-21%
- AlphabetGOOGL3.2% of the fund-3%
- Nu HoldingsNU2.3% of the fund-17%
- TechnipFMCFTI2.2% of the fund-15%
- KTKT2.1% of the fund-42%
- Meta PlatformsMETA2.0% of the fund-2%
- CamecoCCJ1.9% of the fund-4%
- Axis Capital HoldingsAXS1.5% of the fund-12%
- ExxonMobil HoldingsXOM1.5% of the fund-7%
- Lam ResearchLRCX1.5% of the fund-26%
- Advanced Micro DevicesAMD1.5% of the fund-8%
- nVent ElectricNVT1.4% of the fund-19%
- Enel Chile SAENIC1.2% of the fund-28%
- Wells Fargo & CompanyWFC1.2% of the fund-20%
- Altria GroupMO1.2% of the fund-26%
- FlexFLEX0.9% of the fund-31%
- AT&TT0.9% of the fund-13%
- OracleORCL0.9% of the fund-39%
- NetAppNTAP0.9% of the fund-37%
- Suncor EnergySU0.7% of the fund-29%
- Cognizant Technology SolutionsCTSH0.7% of the fund-12%
- AmdocsDOX0.7% of the fund-34%
- Synchrony FinancialSYF0.6% of the fund-35%
- VeonVEON0.4% of the fund-35%
- Perimeter SolutionsPRM0.4% of the fund-35%
Sold out
Sold their entire stake.
- Qfin HoldingsQFIN-100%
- SeaSE-100%
- Unum GroupUNM-100%
- QualcommQCOM-100%
- TegnaTGNA-100%
- CNO Financial GroupCNO-100%
- AtlassianTEAM-100%
- SalesforceCRM-100%
- Waste ConnectionsWCN-100%
- American Water Works CompanyAWK-100%
- Tyler TechnologiesTYL-100%
- Jazz PharmaceuticalsJAZZ-100%
- Amentum HoldingsAMTM-100%
- PinterestPINS-100%
- Sterling InfrastructureSTRL-100%
Holdings
- Tencent Music Entmt GroupTME
- Share
- 3.1%
- Value
- $2m
- Shares
- 74,834
Held
- CamecoCCJ
- Share
- 1.9%
- Value
- $1m
- Shares
- 12,846
-4%
- Ishares TRSMIN
- Share
- 1.5%
- Value
- $839,000
- Shares
- 11,700
+11%
- Finvolution GroupFINV
- Share
- 1.4%
- Value
- $779,000
- Shares
- 105,690
Held
- Enel Chile SAENIC
- Share
- 1.2%
- Value
- $703,000
- Shares
- 180,657
-28%
- Biontech SEBNTX
- Share
- 1.2%
- Value
- $673,000
- Shares
- 6,822
Held
- Suncor EnergySU
- Share
- 0.7%
- Value
- $425,000
- Shares
- 10,170
-29%
- VeonVEON
- Share
- 0.4%
- Value
- $235,000
- Shares
- 4,312
-35%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 4.2% | $2m | 4,687 | Held |
| AngloGold AshantiAU | 3.4% | $2m | 27,989 | -21% |
| AlphabetGOOGL | 3.2% | $2m | 7,564 | -3% |
| Tencent Music Entmt GroupTME | 3.1% | $2m | 74,834 | Held |
| Intercorp Financial ServicesIFS | 2.8% | $2m | 40,535 | Held |
| Icici BankIBN | 2.5% | $1m | 48,000 | New |
| Nu HoldingsNU | 2.3% | $1m | 83,514 | -17% |
| Berkshire HathawayBRK-B | 2.3% | $1m | 2,590 | Held |
| TechnipFMCFTI | 2.2% | $1m | 32,295 | -15% |
| Dell TechnologiesDELL | 2.2% | $1m | 8,898 | +26% |
| KTKT | 2.1% | $1m | 60,521 | -42% |
| Meta PlatformsMETA | 2.0% | $1m | 1,580 | -2% |
| MercadoLibreMELI | 2.0% | $1m | 494 | New |
| CamecoCCJ | 1.9% | $1m | 12,846 | -4% |
| MedtronicMDT | 1.7% | $960,000 | 10,075 | Held |
| ExelixisEXEL | 1.6% | $930,000 | 22,522 | +8% |
| UBS Group AGUBS | 1.5% | $880,000 | 21,509 | +8% |
| Axis Capital HoldingsAXS | 1.5% | $875,000 | 9,132 | -12% |
| ExxonMobil HoldingsXOM | 1.5% | $858,000 | 7,613 | -7% |
| Lam ResearchLRCX | 1.5% | $851,000 | 6,355 | -26% |
| Advanced Micro DevicesAMD | 1.5% | $844,000 | 5,214 | -8% |
| Ishares TRSMIN | 1.5% | $839,000 | 11,700 | +11% |
| NetflixNFLX | 1.4% | $806,000 | 672 | Held |
| nVent ElectricNVT | 1.4% | $800,000 | 8,127 | -19% |
| Finvolution GroupFINV | 1.4% | $779,000 | 105,690 | Held |
| Gen DigitalGEN | 1.3% | $760,000 | 26,770 | Held |
| Gilead SciencesGILD | 1.3% | $748,000 | 6,737 | Held |
| Enel Chile SAENIC | 1.2% | $703,000 | 180,657 | -28% |
| NRG EnergyNRG | 1.2% | $701,000 | 4,340 | Held |
| Wells Fargo & CompanyWFC | 1.2% | $686,000 | 8,185 | -20% |
| Biontech SEBNTX | 1.2% | $673,000 | 6,822 | Held |
| Taiwan Semiconductor ManufacturingTSM | 1.2% | $669,000 | 2,396 | +141% |
| Altria GroupMO | 1.2% | $664,000 | 10,044 | -26% |
| Thermo Fisher ScientificTMO | 1.2% | $662,000 | 1,364 | +52% |
| UnitedHealth GroupUNH | 1.1% | $656,000 | 1,900 | New |
| ADTADT | 1.1% | $644,000 | 73,940 | New |
| AbbVieABBV | 1.1% | $644,000 | 2,800 | +19% |
| Commvault SystemsCVLT | 1.1% | $623,000 | 3,301 | +8% |
| Valero EnergyVLO | 1.0% | $585,000 | 3,434 | Held |
| Kraft HeinzKHC | 1.0% | $564,000 | 21,652 | New |
| Spotify TechnologySPOT | 1.0% | $558,000 | 800 | Held |
| FlexFLEX | 0.9% | $538,000 | 9,283 | -31% |
| AT&TT | 0.9% | $532,000 | 19,038 | -13% |
| OracleORCL | 0.9% | $521,000 | 1,855 | -39% |
| EQTEQT | 0.9% | $519,000 | 9,541 | Held |
| EMCOR GroupEME | 0.9% | $506,000 | 779 | +23% |
| Mueller IndustriesMLI | 0.9% | $501,000 | 4,954 | +16% |
| NetAppNTAP | 0.9% | $492,000 | 4,175 | -37% |
| FluorFLR | 0.8% | $449,000 | 10,669 | +11% |
| GE VernovaGEV | 0.8% | $449,000 | 730 | +90% |
| EnerSysENS | 0.8% | $443,000 | 3,920 | +22% |
| Suncor EnergySU | 0.7% | $425,000 | 10,170 | -29% |
| Cognizant Technology SolutionsCTSH | 0.7% | $424,000 | 6,329 | -12% |
| Steel DynamicsSTLD | 0.7% | $407,000 | 2,919 | Held |
| AmdocsDOX | 0.7% | $395,000 | 4,813 | -34% |
| Mgic InvestmentMTG | 0.7% | $384,000 | 13,534 | Held |
| Synchrony FinancialSYF | 0.6% | $365,000 | 5,140 | -35% |
| Enact HoldingsACT | 0.6% | $357,000 | 9,299 | Held |
| RelianceRS | 0.6% | $349,000 | 1,244 | Held |
| QorvoQRVO | 0.6% | $328,000 | 3,600 | New |
| MattelMAT | 0.5% | $313,000 | 18,600 | Held |
| Constellation EnergyCEG | 0.5% | $296,000 | 900 | New |
| DocusignDOCU | 0.5% | $285,000 | 3,955 | Held |
| IntuitINTU | 0.5% | $273,000 | 400 | New |
| EatonETN | 0.5% | $269,000 | 720 | Held |
| TargetTGT | 0.5% | $265,000 | 2,952 | New |
| ChevronCVX | 0.5% | $264,000 | 1,700 | Held |
| Carrier GlobalCARR | 0.5% | $262,000 | 4,400 | New |
| Yum China HoldingsYUMC | 0.5% | $258,000 | 6,000 | New |
| LindeLIN | 0.4% | $252,000 | 530 | Held |
| Curtiss WrightCW | 0.4% | $248,000 | 457 | Held |
| FortinetFTNT | 0.4% | $244,000 | 2,900 | New |
| Freeport-McMoRanFCX | 0.4% | $243,000 | 6,230 | Held |
| Energy RecoveryERII | 0.4% | $241,000 | 15,603 | New |
| Green Brick PartnersGRBK | 0.4% | $237,000 | 3,213 | New |
| CarGurusCARG | 0.4% | $236,000 | 6,352 | New |
| VeonVEON | 0.4% | $235,000 | 4,312 | -35% |
| Ci&tCINT | 0.4% | $235,000 | 45,727 | New |
| Imperial OilIMO | 0.4% | $233,000 | 2,568 | Held |
| Perimeter SolutionsPRM | 0.4% | $231,000 | 10,306 | -35% |
| TD SynnexSNX | 0.4% | $229,000 | 1,400 | New |
| OppFiOPFI | 0.4% | $228,000 | 20,152 | New |
| International Business MachinesIBM | 0.4% | $226,000 | 800 | Held |
| Penguin SolutionsPENG | 0.4% | $223,000 | 8,492 | -23% |
| JPMorgan ChaseJPM | 0.4% | $220,000 | 700 | -61% |
| Boyd GamingBYD | 0.4% | $215,000 | 2,485 | New |
| CelesticaCLS | 0.4% | $213,000 | 864 | -55% |
| Halozyme TherapeuticsHALO | 0.4% | $211,000 | 2,883 | New |
| Tutor PeriniTPC | 0.4% | $209,000 | 3,192 | -28% |
| AESAES | 0.4% | $208,000 | 16,027 | New |
| Collegium PharmaceuticalCOLL | 0.4% | $205,000 | 5,871 | New |
| BeldenBDC | 0.4% | $202,000 | 1,679 | New |
| Teva Pharmaceutical IndustriesTEVA | 0.4% | $202,000 | 10,000 | -44% |
| Affiliated Managers GroupAMG | 0.4% | $201,000 | 843 | New |
Over time and by industry
Value over time
Sep '25
Value is up 3.8% since 30 June 2025.
Where the money is
Technology25.0%
Financial services17.3%
Media & telecom10.6%
Health care9.1%
Materials7.9%
Industrials7.6%
Energy7.3%
Everyday goods2.6%
Utilities2.1%
Retail & consumer1.8%
Other8.7%
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.