Trinity Street Asset Management LLP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Trinity Street Asset Management LLP maintained a portfolio of 23 distinct positions. The most significant new addition to the portfolio was COHERENT CORP, which now represents 1.67% of the total fund value. They heavily accumulated shares in ICON PLC, increasing their position by 23.1%. Conversely, Trinity Street Asset Management LLP completely exited their position in AXALTA COATING SYS L.
PCA Score Concentration Risk
Risk ENB
Total Positions
23
Quarter
2025 Q4
Top Holding
TSM (18.5%)
Top 10 Concentration
83.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-23 of 23
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
TSM
TAIWAN SEMICOND...
Technology 18.46% 18.88% #1
Prev: #1
6.5 -24,940 -2.5%
P
S
966,824 $293,808,145 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RYAAY
RYANAIR HOLDING...
Industrials 16.70% 15.33% #2
Prev: #2
6.0 -55,300 -1.5%
P
S
3,680,298 $265,680,712 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD
Financial Services 13.93% 14.28% #3
Prev: #3
5.5 -66,600 -1.1%
P
S
6,067,000 $221,688,180 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ICLR
ICON PLC
Healthcare 12.28% 10.39% #4 1
Prev: #5
7.0 201,455 23.1%
P
S
1,072,428 $195,417,830 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INFY
INFOSYS LTD
Technology 11.49% 11.61% #5 1
Prev: #4
5.0 -207,796 -2.0%
P
S
10,263,804 $182,900,987 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 2.93% 3.26% #6
Prev: #6
1.2 -47,644 -24.2%
P
S
148,996 $46,635,748 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 2.27% 2.78% #7
Prev: #7
1.4 -3,990 -5.1%
P
S
74,850 $36,198,957 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 2.14% 2.32% #8
Prev: #8
1.4 -7,045 -4.5%
P
S
147,801 $34,115,426 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CACI
CACI INTL INC
Technology 1.80% 1.86% #9 4
Prev: #13
1.2 -868 -1.6%
P
S
53,839 $28,685,957 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CTSH
COGNIZANT TECHN...
Technology 1.74% 1.54% #10 8
Prev: #18
1.2 -3,475 -1.0%
P
S
332,817 $27,623,811 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLH
CLEAN HARBORS I...
Industrials 1.73% 1.91% #11
Prev: #11
1.2 -3,426 -2.8%
P
S
117,177 $27,475,662 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COHR
COHERENT CORP
Technology 1.67% #12
Prev: #—
4.2 143,877 no change
NEW
143,877 $26,555,377 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NOC
NORTHROP GRUMMA...
Industrials 1.65% 2.00% #13 3
Prev: #10
1.2 -2,072 -4.3%
P
S
46,136 $26,307,208 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
Basic Materials 1.64% 1.55% #14 3
Prev: #17
1.2 -8,070 -4.8%
P
S
159,946 $26,088,792 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INTU
INTUIT
Technology 1.61% 1.90% #15 3
Prev: #12
1.1 -1,990 -4.9%
P
S
38,776 $25,685,997 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 1.48% 2.02% #16 7
Prev: #9
1.1 -12,962 -4.3%
P
S
289,072 $23,620,073 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 1.48% 1.83% #17 3
Prev: #14
1.1 3,962 3.8%
P
S
108,406 $23,521,933 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DHI
D R HORTON INC
Consumer Cyclical 1.45% 1.71% #18 3
Prev: #15
2.6 11,869 8.0%
P
S
160,212 $23,075,334 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNH
CNH INDL N V
Industrials 1.41% 1.40% #19 1
Prev: #20
3.1 546,628 28.8%
P
S
2,441,530 $22,510,906 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CI
CIGNA CORP NEW
Healthcare 1.31% 1.56% #20 4
Prev: #16
1.0 -3,408 -4.3%
P
S
75,773 $20,855,002 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.48% #21
Prev: #—
3.7 35,574 no change
NEW
35,574 $7,618,527 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KB
KB FINANCIAL GR...
Financial Services 0.33% 0.37% #22 1
Prev: #21
0.6 -4,902 -7.5%
P
S
60,763 $5,228,048 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AXTA
AXALTA COATING ...
Basic Materials 0.00% 1.50%
Sold All 😨
(Was: #19)
0.0 -770,919 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-23 of 23 holdings

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