RIVER & MERCANTILE ASSET MANAGEMENT LLP

Registered fund

CIK

1486180

Location

LONDON, X0

Portfolio Value

Small $508,001,789

Diversification

Diversified

Filing Date

Global Rank

#3,104 / 8,177 ▲ 85 · as of Dec 2024

Top Industry

Semiconductors 14.2%

Period ended 1 year ago

Filed Feb 7, 2025 · 1y

20 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered fund

Schedule 13D, Aug 4, 2026

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 47.2%, 33.4 effective positions, active share 70.3% against the Nasdaq-100 as of 2024-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

46.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 9.8 quarters, but 31.5% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2024-12-31, active share 70.3%; sector active share 12.8% against the combined 13F book's sector weights.

Over time 20 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

137 tracked positions · as of Dec 31, 2024 · Δ vs Sep 30, 2024

Top Position

7.1%

−1.0 pts

Top 5

30.0%

+1.5 pts

Top 10

47.2%

+7.0 pts

HHI

299

Diversified+45

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2024

Sector	% Portfolio	Value	Positions
Technology	28.2%	$143,240,464	27
Communication Services	14.2%	$71,937,446	17
Industrials	13.3%	$67,481,679	12
Financial Services	13.1%	$66,512,914	16
Healthcare	10.5%	$53,231,762	15
Consumer Cyclical	10.5%	$53,194,504	26
Consumer Defensive	5.1%	$25,924,098	9
Energy	1.6%	$7,993,460	2
Basic Materials	1.5%	$7,675,181	6
Unclassified	1.3%	$6,354,256	2
Real Estate	0.9%	$4,456,025	5

Last Quarter's Activity

Export CSV

Dec 31, 2024 vs Sep 30, 2024

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
MXCT	Maxcyte, Inc.	+1,190,630	3,253,192	$13,533,278
IQ	iQIYI, Inc.	+93,561	341,794	$687,005
AVGO	Broadcom Inc.	+7,069	133,066	$30,850,021
—		+1,580	8,510	$0
MSFT	Microsoft Corp	+1,331	85,153	$35,891,989
KLAC	Kla Corp	+812	24,504	$15,440,460
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CX	Cemex Sab De CV	−272,342	296,831	$1,674,126
REAL	TheRealReal, Inc.	−159,511	200,112	$2,187,224
—		−153,556	214,413	$0
—		−87,350	101,563	$1,083,677
TBLA	Taboola.com Ltd.	−81,922	118,687	$433,207
BKR	Baker Hughes Co	−81,604	153,384	$6,291,811
VTRS	Viatris Inc	−68,205	72,320	$900,384
C	Citigroup Inc	−66,403	76,079	$5,355,200
BAC	Bank Of America Corp	−52,005	57,831	$2,541,672
PATH	UiPath, Inc.	−51,547	114,035	$1,449,384
HSIC	Henry Schein Inc	−47,839	92,547	$6,404,252
REZI	Resideo Technologies, Inc.	−47,698	60,715	$1,399,484
STT	State Street Corp	−47,091	22,475	$2,205,921
GOOGL	Alphabet Inc.	−46,645	174,435	$33,020,545
PFE	Pfizer Inc	−43,338	72,436	$1,921,727
AMZN	Amazon Com Inc	−37,413	48,982	$10,746,160
ACA	Arcosa, Inc.	−37,227	43,001	$4,159,916
PINS	Pinterest, Inc.	−33,309	39,963	$1,158,927
CFG	Citizens Financial Group Inc	−32,852	36,091	$1,579,342
MTCH	Match Group, Inc.	−32,846	49,536	$1,620,322
TRIP	TripAdvisor, Inc.	−32,548	40,260	$594,640
CCL	Carnival Corp Ltd.	−30,634	42,273	$1,053,443
BAX	Baxter International Inc	−30,235	43,839	$1,278,345
KD	Kyndryl Holdings, Inc.	−29,724	46,192	$1,598,243
WFC	Wells Fargo & Company	−26,862	12,253	$860,650
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	160,945	$31,785,028
FIX	Comfort Systems USA Inc	49,370	$20,935,842
MA	Mastercard Inc	36,036	$18,975,476
COST	Costco Wholesale Corp	19,659	$18,012,951
CPRT	Copart Inc	309,441	$17,758,818
SPGI	S&P Global Inc.	33,059	$16,464,372
HEI	Heico Corp	67,578	$16,065,993
RMD	Resmed Inc	41,814	$9,562,443
CMG	Chipotle Mexican Grill Inc	156,275	$9,423,382
WLY	John Wiley & Sons, Inc.	164,001	$7,168,483
WING	Wingstop Inc.	21,305	$6,054,881
SSNC	SS&C Technologies Holdings Inc	38,580	$2,923,592
GSM	Ferroglobe PLC	632,879	$2,404,940
CELH	Celsius Holdings, Inc.	44,338	$1,167,862
AVTR	Avantor, Inc.	52,900	$1,114,603
IFF	International Flavors & Fragrances Inc	12,128	$1,025,422
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
HOG	Harley-Davidson, Inc.	38,898	$1,498,739
FLR	Fluor Corp	16,434	$784,066
EMN	Eastman Chemical Co	6,644	$743,795
AVT	Avnet Inc	13,347	$724,875
NOV	NOV Inc.	45,385	$724,798
DOCN	DigitalOcean Holdings, Inc.	16,840	$680,167
ST	Sensata Technologies Holding plc	17,604	$631,279
AMG	Affiliated Managers Group, Inc.	3,529	$627,456
GRMN	Garmin Ltd	3,341	$588,116
ZION	Zions Bancorporation, National Association	12,303	$580,947
UPLD	Upland Software, Inc.	204,050	$508,084
AEP	American Electric Power Co Inc	4,834	$495,968
GTM	ZoomInfo Technologies Inc.	43,722	$451,211
—		16,882	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

137 tracked positions · $508,001,789 total · filing declares 138 positions · $515,016,368 · as of Dec 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 137 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MSFT	Microsoft Corp Technology	Added	85,153	+1,331	$35,891,989	−0.5%	20+	before history	7.07%
GOOGL	Alphabet Inc. Communication Services	Reduced	174,435	-46,645	$33,020,545	−9.9%	20+	before history	6.50%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	160,945	NEW	$31,785,028	NEW	1	$193.53	6.26%
AVGO	Broadcom Inc. Technology	Added	133,066	+7,069	$30,850,021	+41.9%	2	unpriced	6.07%
FIX	Comfort Systems USA Inc Industrials	NEW	49,370	NEW	$20,935,842	NEW	1	$439.06	4.12%
MA	Mastercard Inc Financial Services	NEW	36,036	NEW	$18,975,476	NEW	1	$517.70	3.74%
COST	Costco Wholesale Corp Consumer Defensive	NEW	19,659	NEW	$18,012,951	NEW	1	$927.88	3.55%
CPRT	Copart Inc Industrials	NEW	309,441	NEW	$17,758,818	NEW	1	$56.95	3.50%
SPGI	S&P Global Inc. Financial Services	NEW	33,059	NEW	$16,464,372	NEW	1	unpriced	3.24%
HEI	Heico Corp Industrials	NEW	67,578	NEW	$16,065,993	NEW	1	$259.07	3.16%
KLAC	Kla Corp Technology	Added	24,504	+812	$15,440,460	−15.8%	11	$717.81	3.04%
MXCT	Maxcyte, Inc. Healthcare	Added	3,253,192	+1,190,630	$13,533,278	+68.7%	14	$8.47	2.66%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	48,982	-37,413	$10,746,160	−33.2%	20+	before history	2.12%
RMD	Resmed Inc Healthcare	NEW	41,814	NEW	$9,562,443	NEW	1	$240.78	1.88%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	NEW	156,275	NEW	$9,423,382	NEW	1	$60.27	1.85%
META	Meta Platforms, Inc. Communication Services	Reduced	14,408	-10,585	$8,436,028	−41.0%	20+	before history	1.66%
WAT	Waters Corp Healthcare	Reduced	21,674	-5,866	$8,040,620	−18.9%	12	$319.69	1.58%
WLY	John Wiley & Sons, Inc. Communication Services	NEW	164,001	NEW	$7,168,483	NEW	1	$49.07	1.41%
DIS	Walt Disney Co Communication Services	Reduced	63,337	-16,855	$7,052,574	−8.6%	20+	before history	1.39%
HSIC	Henry Schein Inc Healthcare	Reduced	92,547	-47,839	$6,404,252	−37.4%	13	$75.00	1.26%
FISV	Fiserv Inc	Reduced	30,933	-23,178	$6,354,256	−34.6%	19	$108.72	1.25%
BKR	Baker Hughes Co Energy	Reduced	153,384	-81,604	$6,291,811	−25.9%	20+	before history	1.24%
WING	Wingstop Inc. Consumer Cyclical	NEW	21,305	NEW	$6,054,881	NEW	1	$339.95	1.19%
C	Citigroup Inc Financial Services	Reduced	76,079	-66,403	$5,355,200	−40.0%	20+	before history	1.05%
WTW	Willis Towers Watson PLC Financial Services	Reduced	13,912	-5,016	$4,357,794	−21.8%	14	$232.95	0.86%
ACA	Arcosa, Inc. Industrials	Reduced	43,001	-37,227	$4,159,916	−45.3%	4	$83.31	0.82%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	27,404	-12,776	$4,083,470	−36.7%	8	$122.81	0.80%
MCK	Mckesson Corp Healthcare	Reduced	6,770	-3,014	$3,858,290	−20.2%	20+	before history	0.76%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	650	-686	$3,229,473	−42.6%	20+	before history	0.64%
SSNC	SS&C Technologies Holdings Inc Technology	NEW	38,580	NEW	$2,923,592	NEW	1	$74.81	0.58%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	33,854	-25,245	$2,889,438	−37.3%	20+	before history	0.57%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	11,619	-8,981	$2,785,190	−35.9%	20+	before history	0.55%
MRVL	Marvell Technology, Inc. Technology	Reduced	24,636	-14,664	$2,721,046	−4.0%	10	$44.37	0.54%
SPOT	Spotify Technology S.A. Communication Services	Reduced	5,721	-4,429	$2,559,460	−31.6%	20+	before history	0.50%
BAC	Bank Of America Corp Financial Services	Reduced	57,831	-52,005	$2,541,672	−41.7%	20+	before history	0.50%
NFLX	Netflix Inc Communication Services	Reduced	2,797	-2,221	$2,493,022	−30.0%	14	$317.46	0.49%
GSM	Ferroglobe PLC Basic Materials	NEW	632,879	NEW	$2,404,940	NEW	1	$4.29	0.47%
GMED	Globus Medical Inc Healthcare	Reduced	28,547	-18,520	$2,361,122	−29.9%	5	$51.83	0.46%
STT	State Street Corp Financial Services	Reduced	22,475	-47,091	$2,205,921	−64.2%	20+	before history	0.43%
REAL	TheRealReal, Inc. Consumer Cyclical	Reduced	200,112	-159,511	$2,187,224	+93.7%	14	$5.43	0.43%
PFE	Pfizer Inc Healthcare	Reduced	72,436	-43,338	$1,921,727	−42.6%	20+	before history	0.38%
AMD	Advanced Micro Devices Inc Technology	Reduced	15,020	-8,893	$1,814,265	−53.8%	11	$93.70	0.36%
JCI	Johnson Controls International plc Industrials	Reduced	21,698	-19,493	$1,712,623	−46.4%	20+	before history	0.34%
XOM	ExxonMobil Holdings Corp Energy	Reduced	15,819	-22,680	$1,701,649	−62.3%	7	$107.30	0.33%
SE	Sea Ltd Consumer Cyclical	Reduced	16,020	-12,563	$1,699,722	−36.9%	11	$68.00	0.33%
CX	Cemex Sab De CV Basic Materials	Reduced	296,831	-272,342	$1,674,126	−51.8%	20+	before history	0.33%
ZG	Zillow Group, Inc. Communication Services	Reduced	23,524	-16,695	$1,666,675	−33.1%	10	$38.88	0.33%
MTCH	Match Group, Inc. Communication Services	Reduced	49,536	-32,846	$1,620,322	−48.0%	8	$39.13	0.32%
KD	Kyndryl Holdings, Inc. Technology	Reduced	46,192	-29,724	$1,598,243	−8.4%	13	$21.68	0.31%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	8,674	-6,544	$1,596,709	−31.7%	20+	before history	0.31%

Showing the top 50 of 137 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.