1y return+5.3%S&P 500 +20.9%
3y return−2.8%S&P 500 +68.5%
5y return−30.5%S&P 500 +74.5%
10y return+161.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $262 against $357 in the S&P 500.2
Theleme Partners LLPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MRNAModerna Inc | $564.3M | 33.5% | |
| METAMeta Platforms Inc | $258.8M | 15.4% | +1.9% |
| UBERUber Technologies Inc | $230.7M | 13.7% | |
| AMZNAmazon Com Inc | $196.1M | 11.7% | +11.8% |
| TRUTransunion | $171.0M | 10.2% | +2.3% |
| EQIXEquinix Inc | $110.1M | 6.5% | New |
| EFXEquifax Inc | $91.1M | 5.4% | +6.1% |
| HDBHdfc Bank Ltd | $40.2M | 2.4% | New |
| SIFYSify Technologies Ltd | $21.2M | 1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMZNAmazon Com Inc | September 30, 2024 | +27.9% | $196.1M |
| SIFYSify Technologies Ltd | September 30, 2025 | +21.6% | $21.2M |
| UBERUber Technologies Inc | December 31, 2024 | +19.6% | $230.7M |
| MRNAModerna Inc | June 30, 2020 | +9.1% | $564.3M |
| TRUTransunion | March 31, 2024 | −9.6% | $171.0M |
| METAMeta Platforms Inc | June 30, 2025 | −23.7% | $258.8M |
| EFXEquifax Inc | June 30, 2024 | −34.5% | $91.1M |
Sold off last quarter
- Flutter Entmt PLCCUSIP G3643J108 was $98.5M
- HOODRobinhood Mkts Inc was $79.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +14.0% | +14.8% |
| March 31, 2026 | −5.4% | −4.6% |
| December 31, 2025 | −1.4% | +2.4% |
| September 30, 2025 | −0.9% | +7.8% |
| June 30, 2025 | +11.3% | +10.5% |
| March 31, 2025 | −9.9% | −4.6% |
| December 31, 2024 | −8.7% | +2.1% |
| September 30, 2024 | −15.7% | +5.4% |
| June 30, 2024 | +4.3% | +4.0% |
| March 31, 2024 | +10.7% | +10.0% |
| December 31, 2023 | +14.0% | +11.2% |
| September 30, 2023 | −9.2% | −3.6% |
| June 30, 2023 | −4.8% | +8.3% |
| March 31, 2023 | −8.2% | +7.0% |
| December 31, 2022 | +24.1% | +7.1% |
| September 30, 2022 | −10.4% | −5.3% |
| June 30, 2022 | −22.6% | −16.5% |
| March 31, 2022 | −13.8% | −4.9% |
| December 31, 2021 | −11.3% | +10.7% |
| September 30, 2021 | +24.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Theleme Partners LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1511881&type=13F-HR&dateb=&owner=include&count=40CIK 1511881
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1511881/000091957426005121/Filed August 13, 2026 · accession 0000919574-26-005121