Trinity Street Asset Management LLP
LONDON, X0
$1.9bn in 23 US stocks at the end of 30 June 2026. The top 10 are 84.6% of the money. It changed about 20.3% of the portfolio this quarter.
Value
$1.9bn
Stocks
23
Top 10 share
84.6%
Turnover
20.3%
What changed this quarter
New
Bought for the first time this quarter.
- Smurfit WestrockSW12.5% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM22.9% of the fund+3%
- IconICLR13.7% of the fund+27%
- Ryanair HoldingsRYAAY11.9% of the fund+3%
- CNH IndustrialCNH1.5% of the fund+12%
- EquifaxEFX1.2% of the fund+3%
- KB Financial GroupKB0.8% of the fund+141%
Cut
Sold some of their stake.
- HDFC BankHDB8.6% of the fund-16%
- InfosysINFY7.1% of the fund-12%
- AlphabetGOOGL2.6% of the fund-5%
- Amazon.comAMZN1.8% of the fund-4%
- MicrosoftMSFT1.7% of the fund-4%
- NucorNUE1.7% of the fund-5%
- CoherentCOHR1.7% of the fund-33%
- Clean HarborsCLH1.5% of the fund-10%
- StandardAeroSARO1.5% of the fund-5%
- Advanced Micro DevicesAMD1.5% of the fund-4%
- Horton D RDHI1.3% of the fund-4%
- Uber TechnologiesUBER1.2% of the fund-4%
- Northrop GrummanNOC1.1% of the fund-4%
- Cigna GroupCI1.0% of the fund-4%
- Cognizant Technology SolutionsCTSH0.6% of the fund-4%
- IntuitINTU0.6% of the fund-5%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Ryanair HoldingsRYAAY
- Share
- 11.9%
- Value
- $231m
- Shares
- 3,567,449
+3%
- InfosysINFY
- Share
- 7.1%
- Value
- $137m
- Shares
- 13,079,146
-12%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 22.9% | $445m | 930,851 | +3% |
| IconICLR | 13.7% | $267m | 1,535,462 | +27% |
| Smurfit WestrockSW | 12.5% | $243m | 5,261,555 | New |
| Ryanair HoldingsRYAAY | 11.9% | $231m | 3,567,449 | +3% |
| HDFC BankHDB | 8.6% | $168m | 6,493,800 | -16% |
| InfosysINFY | 7.1% | $137m | 13,079,146 | -12% |
| AlphabetGOOGL | 2.6% | $50m | 139,098 | -5% |
| Amazon.comAMZN | 1.8% | $35m | 146,998 | -4% |
| MicrosoftMSFT | 1.7% | $34m | 89,847 | -4% |
| NucorNUE | 1.7% | $33m | 148,518 | -5% |
| CoherentCOHR | 1.7% | $33m | 82,479 | -33% |
| CNH IndustrialCNH | 1.5% | $30m | 2,673,464 | +12% |
| Clean HarborsCLH | 1.5% | $29m | 97,925 | -10% |
| StandardAeroSARO | 1.5% | $28m | 949,492 | -5% |
| Advanced Micro DevicesAMD | 1.5% | $28m | 48,702 | -4% |
| Horton D RDHI | 1.3% | $24m | 150,163 | -4% |
| Uber TechnologiesUBER | 1.2% | $23m | 322,528 | -4% |
| EquifaxEFX | 1.2% | $23m | 145,540 | +3% |
| Northrop GrummanNOC | 1.1% | $22m | 43,246 | -4% |
| Cigna GroupCI | 1.0% | $20m | 71,012 | -4% |
| KB Financial GroupKB | 0.8% | $15m | 146,667 | +141% |
| Cognizant Technology SolutionsCTSH | 0.6% | $12m | 311,959 | -4% |
| IntuitINTU | 0.6% | $11m | 44,025 | -5% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 33.2% since 30 June 2025.
Where the money is
Technology29.0%
Industrials19.9%
Health care14.7%
Materials14.2%
Financial services9.4%
Retail & consumer3.1%
Media & telecom2.6%
Other7.1%
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.