Mondrian Investment Partners LTD — 13F Holdings & Portfolio
CIK 1317724 · latest 13F-HR filed 2026-10-23
Mondrian Investment Partners LTD manages $5.39B in 13F-reported U.S. long-equity assets across 136 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are YUMC (16.21%), SONY (5.46%), LYG (4.94%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 35 new positions and exited 10; 27 existing positions rose in reported value and 58 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$5.39B
Long-equity book
Holdings
136
Distinct positions
Period
2026-09-30
Filed 2026-10-23
Q/Q Activity
+35 / −10 / ↑27 / ↓58
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26YUMC16.2% · -7%SONY5.5% · -0%LYG4.9% · -5%SAN4.8% · -3%GSK4.4% · +1%BTI4.4% · +18%SNY4.3% · +2%PHG3.6% · -2%BP3.2% · -3%PBR3.1% · -10%HLN2.9% · newMSFT2.8% · -43%SHEL2.3% · -20%VALE2.1% · -11%TMO2.0% · -54%GOOGL1.9% · -46%SCHW1.8% · -47%META1.6% · -44%MRK1.6% · -60%CRM1.5% · -47%UNH1.5% · -41%TXN1.4% · -48%PLD1.4% · -45%WDAY1.4% · -41%BAC1.3% · -46%DLTR1.2% · -49%HDB1.2% · -8%LHX1.1% · -3%DD1.1% · -44%XOM1.0% · -46%WFC1.0% · -45%CDW0.9% · -47%KT0.9% · +7%B0.9% · -8%INFY0.9% · -8%ZTS0.9% · +173%TSM0.9% · +18%YMM0.8% · -20%PEP0.7% · -48%KSPI0.6% · -8%AMZN0.6% · 0%SYY0.6% · -54%FISV0.5% · -45%BAP0.5% · -21%NVDA0.5% · newEMR0.4% · -15%MU0.2% · 0%Q0.1% · 0%EFA0.1% · -95%KSA0.0% · -0%WAT0.0% · +0%MCD0.0% · +101%NNN0.0% · -96%ES0.0% · -0%AMT0.0% · +4%SOLV0.0% · -0%KVUE0.0% · +1%LH0.0% · -1%EWY0.0% · -2%QCOM0.0% · +27%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 54.5%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Apr 1, 2026.
Assets Under Management
$49.31B
Discretionary
$49.31B
Employees
133
Accounts
118
Address
60 LONDON WALL, FLOOR 10
LONDON EC2M5TQ
United Kingdom
LONDON EC2M5TQ
United Kingdom
Phone
011-44-207-477-7000
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DESMOND, ELIZABETH, ANNE Control | CHAIRMAN since Jul 2025 | Less than 5% | Individual |
| GILLMORE, CLIVE, ASHLEY Control | CHIEF EXECUTIVE OFFICER / GROUP CHIEF INVESTMENT OFFICER / DIRECTOR since Nov 2007 | Less than 5% | Individual |
| KRISHNAN, ORMALA Control | CHIEF INVESTMENT OFFICER, SMALL CAP EQUITIES / DIRECTOR since Mar 2022 | Less than 5% | Individual |
| Lambert, Edward, George Control | CHIEF COMPLIANCE OFFICER since Mar 2018 | Less than 5% | Individual |
| MENEGAKIS, JASON, CHARLES Control | GENERAL COUNSEL/COMPANY SECRETARY since Jun 2017 | Less than 5% | Individual |
| MILLER, ANDREW Control | CHIEF INVESTMENT OFFICER, EMERGING MKTS/DIRECTOR since Mar 2022 | Less than 5% | Individual |
| MIPH LIMITED Control | SHAREHOLDER since Nov 2020 | 75% or more | Foreign Entity |
| SHIRVELL, WARREN, DAVID Control | CHIEF OPERATING OFFICER / DIRECTOR since Feb 2017 | Less than 5% | Individual |
| ATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. Control Indirect owner via MIPH LIMITED | SHAREHOLDER since Jul 2011 | 75% or more | Foreign Entity |
| AVGP LIMITED Control Indirect owner via ATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. | GENERAL PARTNER since Nov 2019 | General partner, trustee or manager | Foreign Entity |
Ownership & leadership changes · 8 filings with changes since Mar 30, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 26, 2026 filing
- No longer listedATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · SHAREHOLDER · 75% or more · indirect via MONDRIAN INVESTMENT PARTNERS HOLDINGS LIMITED · control person · listed since Jul 2011
- No longer listedMONDRIAN INVESTMENT PARTNERS HOLDINGS LIMITED · SHAREHOLDER · 75% or more · control person · listed since Nov 2020
- AddedATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · SHAREHOLDER · 75% or more · indirect via MIPH LIMITED · control person
- AddedMIPH LIMITED · SHAREHOLDER · 75% or more · control person
- ChangedDESMOND, ELIZABETH, ANNE · title CHIEF INVESTMENT OFFICER INTERNATIONAL EQUITIES / DIRECTOR / DEPUTY CHIEF EXECUTIVE OFFICER → CHAIRMAN
Mar 31, 2023 filing
- No longer listedTILLES, DAVID, GEORGE · EXECUTIVE CHAIRMAN · Less than 5% · control person · listed since Nov 2007
- AddedKRISHNAN, ORMALA · CHIEF INVESTMENT OFFICER, SMALL CAP EQUITIES / DIRECTOR · Less than 5% · control person
- AddedMILLER, ANDREW · CHIEF INVESTMENT OFFICER, EMERGING MKTS/DIRECTOR · Less than 5% · control person
Mar 29, 2022 filing
- No longer listedPARKER, HAMISH, OWEN · DIRECTOR · Less than 5% · control person · listed since Dec 1990
Mar 29, 2021 filing
- No longer listedATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · SHAREHOLDER · 75% or more · indirect via MIPL HOLDINGS LIMITED · control person · listed since Jul 2011
- No longer listedMIPL GROUP LIMITED · SHAREHOLDER · 75% or more · control person · listed since Jul 2011
- No longer listedMIPL HOLDINGS LIMITED · SHAREHOLDER · 75% or more · indirect via MIPL GROUP LIMITED · listed since Jul 2011
- AddedATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · SHAREHOLDER · 75% or more · indirect via MONDRIAN INVESTMENT PARTNERS HOLDINGS LIMITED · control person
- AddedMONDRIAN INVESTMENT PARTNERS HOLDINGS LIMITED · SHAREHOLDER · 75% or more · control person
Mar 27, 2020 filing
- No longer listedATLANTIC VALUE GENERAL PARTNER LIMITED · GENERAL PARTNER · General partner, trustee or manager · indirect via ATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · control person · listed since Sep 2004
- AddedAVGP LIMITED · GENERAL PARTNER · General partner, trustee or manager · indirect via ATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · control person
- ChangedDESMOND, ELIZABETH, ANNE · title CHIEF INVESTMENT OFFICER INTERNATIONAL EQUITIES / DIRECTOR → CHIEF INVESTMENT OFFICER INTERNATIONAL EQUITIES / DIRECTOR / DEPUTY CHIEF EXECUTIVE OFFICER
- ChangedGILLMORE, CLIVE, ASHLEY · title CHIEF EXECUTIVE OFFICER / CHIEF INVESTMENT OFFICER GLOBAL EQUITIES / DIRECTOR → CHIEF EXECUTIVE OFFICER / GROUP CHIEF INVESTMENT OFFICER / DIRECTOR
- ChangedPARKER, HAMISH, OWEN · title DIRECTOR/SENIOR PORTFOLIO MANAGER → DIRECTOR
Mar 28, 2018 filing
- No longer listedBARRETT, JOHN, LLOYD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2001
- No longer listedGOSS, JANE, SCOTT · GENERAL COUNSEL / COMPANY SECRETARY · Less than 5% · control person · listed since Sep 2004
- No longer listedMAY, NIGEL, GRENVILLE · DEPUTY CHIEF EXECUTIVE OFFICER / DIRECTOR · Less than 5% · control person · listed since Jul 2009
- AddedLambert, Edward, George · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedMENEGAKIS, JASON, CHARLES · GENERAL COUNSEL/COMPANY SECRETARY · Less than 5% · control person
Mar 28, 2017 filing
- No longer listedEMBERSON, JOHN · CHIEF OPERATING OFFICER / DIRECTOR · Less than 5% · control person · listed since Apr 1991
- AddedSHIRVELL, WARREN, DAVID · CHIEF OPERATING OFFICER / DIRECTOR · Less than 5% · control person
Mar 24, 2016 filing
- No longer listedKIRK, JOHN · DEPUTY CHIEF EXECUTIVE OFFICER / DIRECTOR · Less than 5% · control person · listed since Jul 2009
- No longer listedMOTH, CHRISTOPHER, ANTHONY · CHIEF INVESTMENT OFFICER FIXED INCOME / DIRECTOR · Less than 5% · control person · listed since Aug 2001
Mar 30, 2012 filing (earliest on record)
- ListedATLANTIC VALUE GENERAL PARTNER LIMITED · GENERAL PARTNER · General partner, trustee or manager · indirect via ATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · control person
- ListedATLANTIC VALUE INVESTMENT PARTNERSHIP L.P. · SHAREHOLDER · 75% or more · indirect via MIPL HOLDINGS LIMITED · control person
- ListedBARRETT, JOHN, LLOYD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedDESMOND, ELIZABETH, ANNE · CHIEF INVESTMENT OFFICER INTERNATIONAL EQUITIES / DIRECTOR · Less than 5% · control person
- ListedEMBERSON, JOHN · CHIEF OPERATING OFFICER / DIRECTOR · Less than 5% · control person
- ListedGILLMORE, CLIVE, ASHLEY · CHIEF EXECUTIVE OFFICER / CHIEF INVESTMENT OFFICER GLOBAL EQUITIES / DIRECTOR · Less than 5% · control person
- ListedGOSS, JANE, SCOTT · GENERAL COUNSEL / COMPANY SECRETARY · Less than 5% · control person
- ListedKIRK, JOHN · DEPUTY CHIEF EXECUTIVE OFFICER / DIRECTOR · Less than 5% · control person
- ListedMAY, NIGEL, GRENVILLE · DEPUTY CHIEF EXECUTIVE OFFICER / DIRECTOR · Less than 5% · control person
- ListedMIPL GROUP LIMITED · SHAREHOLDER · 75% or more · control person
- ListedMIPL HOLDINGS LIMITED · SHAREHOLDER · 75% or more · indirect via MIPL GROUP LIMITED
- ListedMOTH, CHRISTOPHER, ANTHONY · CHIEF INVESTMENT OFFICER FIXED INCOME / DIRECTOR · Less than 5% · control person
- ListedPARKER, HAMISH, OWEN · DIRECTOR/SENIOR PORTFOLIO MANAGER · Less than 5% · control person
- ListedTILLES, DAVID, GEORGE · EXECUTIVE CHAIRMAN · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- Sony ADR$49.0M +20.0%
- Zoetis$29.9M +165.1%
- BP Plc ADR$24.1M +16.0%
- Petrobras ADR$23.4M +16.1%
- KT Corp ADR$7.4M +17.7%
Top Trims
- Merck-$104.5M -55.2%
- Alphabet CL A-$91.4M -47.6%
- Texas Instrum-$78.3M -51.0%
- Charles Schwab-$75.5M -44.0%
- UnitedHealth-$74.0M -48.0%
New Positions
- Haleon ADR$158.7M
- ExxonMobil$54.6M
- Nvidia$25.0M
- Ishares Global Con Stap Etf$310.0K
- Ishares Msci Euro Financial$248.7K
Exited Positions
- z-Exxon Mobil$84.9M
- CSX Corp$995.9K
- BONY$861.9K
- Ishares N American Tech Soft$74.8K
- Nomad Foods$42.0K
Mondrian Investment Partners LTD Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Yum China HK | YUMC | 98850P109 | $874.0M | 16.21% | 2,707,507 | SH |
| 2 | Sony ADR | SONY | 835699307 | $294.5M | 5.46% | 12,270,191 | SH |
| 3 | Lloyds Bank ADR | LYG | 539439109 | $266.4M | 4.94% | 47,314,255 | SH |
| 4 | BSCH ADR | SAN | 05964H105 | $259.3M | 4.81% | 18,752,657 | SH |
| 5 | GSK PLC ADR | GSK | 37733W204 | $239.2M | 4.44% | 4,965,946 | SH |
| 6 | BATS ADR | BTI | 110448107 | $237.1M | 4.40% | 4,357,616 | SH |
| 7 | Sanofi ADR | SNY | 80105N105 | $233.0M | 4.32% | 5,652,139 | SH |
| 8 | Philips ADR | PHG | 500472303 | $192.6M | 3.57% | 7,885,781 | SH |
| 9 | BP Plc ADR | BP | 055622104 | $174.9M | 3.24% | 3,976,233 | SH |
| 10 | Petrobras ADR | PBR | 71654V408 | $168.5M | 3.13% | 8,072,839 | SH |
| 11 | Haleon ADR | HLN | 405552100 | $158.7M | 2.94% | 17,637,434 | SH |
| 12 | Microsoft Corp | MSFT | 594918104 | $149.6M | 2.78% | 291,748 | SH |
| 13 | Shell ADR | SHEL | 780259305 | $123.4M | 2.29% | 1,298,081 | SH |
| 14 | Vale SA ADR | VALE | 91912E105 | $110.8M | 2.06% | 8,263,228 | SH |
| 15 | Thermo Fisher | TMO | 883556102 | $106.3M | 1.97% | 157,456 | SH |
| 16 | Alphabet CL A | GOOGL | 02079K305 | $100.6M | 1.87% | 292,349 | SH |
| 17 | Charles Schwab | SCHW | 808513105 | $96.0M | 1.78% | 981,824 | SH |
| 18 | Meta Platforms | META | 30303M102 | $85.8M | 1.59% | 118,378 | SH |
| 19 | Merck | MRK | 58933Y105 | $84.9M | 1.57% | 584,046 | SH |
| 20 | Salesforce | CRM | 79466L302 | $81.5M | 1.51% | 354,837 | SH |
| 21 | UnitedHealth | UNH | 91324P102 | $80.1M | 1.48% | 218,096 | SH |
| 22 | Texas Instrum | TXN | 882508104 | $75.3M | 1.40% | 268,741 | SH |
| 23 | Prologis | PLD | 74340W103 | $73.9M | 1.37% | 568,860 | SH |
| 24 | Workday | WDAY | 98138H101 | $73.0M | 1.35% | 383,051 | SH |
| 25 | Bank Of America | BAC | 060505104 | $70.5M | 1.31% | 1,296,153 | SH |
| 26 | Dollar Tree | DLTR | 256746108 | $66.2M | 1.23% | 580,590 | SH |
| 27 | HDFC Bank ADR | HDB | 40415F101 | $62.1M | 1.15% | 2,778,743 | SH |
| 28 | L3Harris Tech | LHX | 502431109 | $60.6M | 1.12% | 255,870 | SH |
| 29 | DuPont | DD | 26614N201 | $56.7M | 1.05% | 436,336 | SH |
| 30 | ExxonMobil | XOM | 30233Q108 | $54.6M | 1.01% | 335,547 | SH |
| 31 | Wells Fargo | WFC | 949746101 | $54.5M | 1.01% | 680,366 | SH |
| 32 | CDW Corp | CDW | 12514G108 | $51.0M | 0.95% | 398,302 | SH |
| 33 | KT Corp ADR | KT | 48268K101 | $49.7M | 0.92% | 2,620,126 | SH |
| 34 | Barrick Mining | B | 06849F108 | $49.3M | 0.91% | 1,212,272 | SH |
| 35 | Infosys ADR | INFY | 456788108 | $48.4M | 0.90% | 4,499,689 | SH |
| 36 | Zoetis | ZTS | 98978V103 | $48.0M | 0.89% | 686,672 | SH |
| 37 | TaiwanSMC ADR | TSM | 874039100 | $47.8M | 0.89% | 104,753 | SH |
| 38 | Full Truck ADR | YMM | 35969L108 | $45.1M | 0.84% | 5,458,222 | SH |
| 39 | PepsiCo | PEP | 713448108 | $36.3M | 0.67% | 286,077 | SH |
| 40 | Kaspi ADR | KSPI | 48581R205 | $34.1M | 0.63% | 362,896 | SH |
| 41 | Amazon | AMZN | 023135106 | $33.6M | 0.62% | 134,841 | SH |
| 42 | Sysco | SYY | 871829107 | $32.1M | 0.60% | 412,184 | SH |
| 43 | Fiserv | FISV | 337738108 | $29.6M | 0.55% | 655,260 | SH |
| 44 | Credicorp Ltd | BAP | G2519Y108 | $27.1M | 0.50% | 71,451 | SH |
| 45 | Nvidia | NVDA | 67066G104 | $25.0M | 0.46% | 109,384 | SH |
| 46 | Emerson Elec | EMR | 291011104 | $23.5M | 0.44% | 151,504 | SH |
| 47 | Micron Tech | MU | 595112103 | $9.6M | 0.18% | 8,996 | SH |
| 48 | Qnity | Q | 74743L100 | $4.7M | 0.09% | 37,378 | SH |
| 49 | iShs MSCI EAFE | EFA | 464287465 | $3.1M | 0.06% | 29,654 | SH |
| 50 | Ishs MSCI Saudi | KSA | 46434V423 | $2.0M | 0.04% | 55,756 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-23 | $5.39B | 136 | 0001317724-26-000013 |
| 2026-06-30 | 2026-07-30 | $6.48B | 111 | 0001317724-26-000011 |
| 2026-03-31 | 2026-04-29 | $6.69B | 103 | 0001317724-26-000007 |
| 2025-12-31 | 2026-02-09 | $6.06B | 103 | 0001317724-26-000003 |
Filer Information
Address
SIXTY LONDON WALLFLOOR 10
LONDON, X0 EC2M 5TQ
Phone
44 20 7477 7000
Filing Manager
Mondrian Investment Partners LTD
LONDON, X0
Signatory
Ed Lambert
Chief Compliance Officer