Lancaster Investment Management

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Lancaster Investment Management maintained a portfolio of 10 distinct positions. The most significant new addition to the portfolio was ANHEUSER-SPN ADR, which now represents 8.11% of the total fund value. They heavily accumulated shares in LIBERTY GLOBAL-A, increasing their position by 18.0%. Conversely, Lancaster Investment Management completely exited their position in NIKE INC -CL B.
PCA Score Concentration Risk
Risk ENB
Total Positions
10
Quarter
2026 Q1
Top Holding
LBTYA (28.3%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-10 of 10
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
LBTYA
LIBERTY GLOBAL-...
Communication Services 28.31% 20.60% #1 1
Prev: #2
8.0 650,549 18.0%
P
S
4,255,189 $51,445 2023 Q4 13F Filing 2026-03-31 2026-04-20
FLUT
FLUTTER ENTER-D...
Consumer Cyclical 19.97% 14.23% #2 1
Prev: #3
8.5 226,996 176.0%
P
S
355,984 $36,293 2025 Q2 13F Filing 2026-03-31 2026-04-20
ALV
AUTOLIV INC
Consumer Cyclical 16.21% 35.79% #3 2
Prev: #1
5.0 -307,792 -52.4%
P
S
280,039 $29,449 2018 Q4 13F Filing 2026-03-31 2026-04-20
DKS
DICK'S SPORTING
Consumer Cyclical 9.99% 9.51% #4
Prev: #4
5.0 -2,062 -2.2%
P
S
91,557 $18,155 2025 Q3 13F Filing 2026-03-31 2026-04-20
MANU
MANCHESTER UNI-...
Communication Services 9.03% 7.34% #5 1
Prev: #6
6.1 76,633 8.5%
P
S
976,049 $16,417 2024 Q3 13F Filing 2026-03-31 2026-04-20
BUD
ANHEUSER-SPN AD...
Consumer Defensive 8.11% #6
Prev: #—
6.7 212,527 no change
NEW
212,527 $14,743 2026 Q1 13F Filing 2026-03-31 2026-04-20
HDB
HDFC BANK-ADR
Financial Services 6.23% 8.76% #7 2
Prev: #5
3.0 -12,213 -2.6%
P
S
455,289 $11,328 2024 Q1 13F Filing 2026-03-31 2026-04-20
N/A
BROOKFIELD CORP...
PUT
PUT Option 1.09% #8
Prev: #—
3.9 11,031 no change
NEW
11,031 $1,985 13F Filing 2026-03-31 2026-04-20
GLRE
GREENLIGHT CAP-...
Financial Services 1.05% 0.82% #9 1
Prev: #8
1.4 no change no change
P
S
110,000 $1,902 2023 Q4 13F Filing 2026-03-31 2026-04-20
NKE
NIKE INC -CL B
Consumer Cyclical 0.00% 2.95%
Sold All 😨
(Was: #7)
0.0 -90,300 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2026-03-31 2026-04-20
Showing 1-10 of 10 holdings

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