RIVER & MERCANTILE ASSET MANAGEMENT LLP

CIK

1486180

Location

LONDON, X0

Portfolio Value

Small $489,949,018

Diversification

Diversified

Filing Date

Global Rank

#2,448 / 8,041 ▲ 91 · as of Dec 2024

Top Industry

Semiconductors 14.7%

3Y Alpha vs SPY

+2.9%

Period ended 1 year ago

Filed Feb 7, 2025 · 1y

20 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+89.0%

SPY

+76.0%

Annualised alpha

+2.9%

Max drawdown

−21.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

7.3%

−1.1 pts

Top 5

31.1%

+2.4 pts

Top 10

48.8%

+9.1 pts

HHI

310

Diversified+52

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2024

Sector	% Portfolio	Value	Positions
Technology	26.4%	$129,344,050	27
Industrials	14.3%	$70,131,178	12
Communication Services	14.2%	$69,604,380	17
Financial Services	13.3%	$65,140,419	16
Healthcare	10.9%	$53,231,762	15
Consumer Cyclical	10.2%	$50,094,209	26
Consumer Defensive	5.3%	$25,924,098	9
Energy	1.6%	$7,993,460	2
Basic Materials	1.6%	$7,675,181	6
Unclassified	1.3%	$6,354,256	1
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
BLD	QXO Insulation, LLC	+1,580	8,510	$2,649,503
MSFT	Microsoft Corp	+1,331	85,153	$35,891,989
KLAC	Kla Corp	+812	24,504	$1,544,046
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
RMAX	RE/MAX Holdings, Inc.	−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 /De/	−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	$1,399,480
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/Ri	−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/Mn	−26,862	12,253	$860,650
WY	Weyerhaeuser Co	−26,435	28,368	$798,559
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 /New	19,659	$18,012,951
CPRT	Copart Inc	309,441	$17,758,818
HEI	Heico Corp	67,578	$16,065,993
SPGI	S&P Global Inc.	33,059	$15,576,511
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

13 positions

Ticker	Company	Shares	Value
UPLD	Upland Software, Inc.	204,050	$5,080,845
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 /Ut/	12,303	$580,947
AEP	American Electric Power Co Inc	4,834	$495,968
GTM	ZoomInfo Technologies Inc.	43,722	$451,211
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

136 positions · $489,949,018 total · 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 136 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	85,153	+1,331	$35,891,989	−0.5%	7.33%
GOOGL	Alphabet Inc. Communication Services	Reduced	174,435	-46,645	$33,020,545	−9.9%	6.74%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	160,945	NEW	$31,785,028	NEW	6.49%
AVGO	Broadcom Inc. Technology	Added	133,066	+7,069	$30,850,021	+41.9%	6.30%
FIX	Comfort Systems USA Inc Industrials	NEW	49,370	NEW	$20,935,842	NEW	4.27%
MA	Mastercard Inc Financial Services	NEW	36,036	NEW	$18,975,476	NEW	3.87%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	19,659	NEW	$18,012,951	NEW	3.68%
CPRT	Copart Inc Industrials	NEW	309,441	NEW	$17,758,818	NEW	3.62%
HEI	Heico Corp Industrials	NEW	67,578	NEW	$16,065,993	NEW	3.28%
SPGI	S&P Global Inc. Financial Services	NEW	33,059	NEW	$15,576,511	NEW	3.18%
MXCT	Maxcyte, Inc. Healthcare	Added	3,253,192	+1,190,630	$13,533,278	+68.7%	2.76%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	48,982	-37,413	$10,746,160	−33.2%	2.19%
RMD	Resmed Inc Healthcare	NEW	41,814	NEW	$9,562,443	NEW	1.95%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	NEW	156,275	NEW	$9,423,382	NEW	1.92%
META	Meta Platforms, Inc. Communication Services	Reduced	14,408	-10,585	$8,436,028	−41.0%	1.72%
WAT	Waters Corp /De/ Healthcare	Reduced	21,674	-5,866	$8,040,620	−18.9%	1.64%
WLY	John Wiley & Sons, Inc. Communication Services	NEW	164,001	NEW	$7,168,483	NEW	1.46%
DIS	Walt Disney Co Communication Services	Reduced	63,337	-16,855	$7,052,574	−8.6%	1.44%
HSIC	Henry Schein Inc Healthcare	Reduced	92,547	-47,839	$6,404,252	−37.4%	1.31%
FISV	Fiserv Inc	Reduced	30,933	-23,178	$6,354,256	−34.6%	1.30%
BKR	Baker Hughes Co Energy	Reduced	153,384	-81,604	$6,291,811	−25.9%	1.28%
WING	Wingstop Inc. Consumer Cyclical	NEW	21,305	NEW	$6,054,881	NEW	1.24%
C	Citigroup Inc Financial Services	Reduced	76,079	-66,403	$5,355,200	−40.0%	1.09%
WTW	Willis Towers Watson PLC Financial Services	Reduced	13,912	-5,016	$4,357,794	−21.8%	0.89%
ACA	Arcosa, Inc. Industrials	Reduced	43,001	-37,227	$4,159,916	−45.3%	0.85%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	27,404	-12,776	$4,083,470	−36.7%	0.83%
MCK	Mckesson Corp Healthcare	Reduced	6,770	-3,014	$3,858,290	−20.2%	0.79%
SSNC	SS&C Technologies Holdings Inc Technology	NEW	38,580	NEW	$2,923,592	NEW	0.60%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	33,854	-25,245	$2,889,438	−37.3%	0.59%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	11,619	-8,981	$2,785,190	−35.9%	0.57%
MRVL	Marvell Technology, Inc. Technology	Reduced	24,636	-14,664	$2,721,046	−4.0%	0.56%
BLD	QXO Insulation, LLC Industrials	Added	8,510	+1,580	$2,649,503	−6.0%	0.54%
SPOT	Spotify Technology S.A. Communication Services	Reduced	5,721	-4,429	$2,559,460	−31.6%	0.52%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	57,831	-52,005	$2,541,672	−41.7%	0.52%
GSM	Ferroglobe PLC Basic Materials	NEW	632,879	NEW	$2,404,940	NEW	0.49%
GMED	Globus Medical Inc Healthcare	Reduced	28,547	-18,520	$2,361,122	−29.9%	0.48%
STT	State Street Corp Financial Services	Reduced	22,475	-47,091	$2,205,921	−64.2%	0.45%
REAL	TheRealReal, Inc. Consumer Cyclical	Reduced	200,112	-159,511	$2,187,224	+93.7%	0.45%
PFE	Pfizer Inc Healthcare	Reduced	72,436	-43,338	$1,921,727	−42.6%	0.39%
AMD	Advanced Micro Devices Inc Technology	Reduced	15,020	-8,893	$1,814,265	−53.8%	0.37%
JCI	Johnson Controls International plc Industrials	Reduced	21,698	-19,493	$1,712,623	−46.4%	0.35%
XOM	ExxonMobil Holdings Corp Energy	Reduced	15,819	-22,680	$1,701,649	−62.3%	0.35%
SE	Sea Ltd Consumer Cyclical	Reduced	16,020	-12,563	$1,699,722	−36.9%	0.35%
CX	Cemex Sab De CV Basic Materials	Reduced	296,831	-272,342	$1,674,126	−51.8%	0.34%
ZG	Zillow Group, Inc. Communication Services	Reduced	23,524	-16,695	$1,666,675	−33.1%	0.34%
MTCH	Match Group, Inc. Communication Services	Reduced	49,536	-32,846	$1,620,322	−48.0%	0.33%
KD	Kyndryl Holdings, Inc. Technology	Reduced	46,192	-29,724	$1,598,243	−8.4%	0.33%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	8,674	-6,544	$1,596,709	−31.7%	0.33%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	13,325	-10,991	$1,587,407	−59.4%	0.32%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	36,091	-32,852	$1,579,342	−44.2%	0.32%