Lancaster Investment Management
CIK
1630064
Location
LONDON, X0
Portfolio Value
Small
$179,731,172
Diversification
Moderately concentrated
Filing Date
Global Rank
#4,110
/ 8,232
▲ 39
Top Industry
Telecom Services
28.6%
3Y Alpha vs SPY
-14.8%
Period ended 2 months ago
Filed Apr 20, 2026 · 54d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+19.2%
SPY
+76.5%
Annualised alpha
-14.8%
Max drawdown
−29.6%
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
8 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
28.6%
−7.2 pts
Top 5
84.4%
−4.4 pts
Top 10
100.0%
0.0 pts
HHI
1,789
Moderately concentrated−349
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 46.7% | $83,896,306 |
| Communication Services | 37.8% | $67,862,379 |
| Consumer Defensive | 8.2% | $14,742,997 |
| Financial Services | 7.4% | $13,229,490 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
3 positions
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BUD | Anheuser-Busch InBev SA/NV | 212,527 | $14,742,997 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| NKE | NIKE, Inc. | 90,300 | $5,753,013 | |
| No positions match the current search. | ||||
8 positions ·
$179,731,172 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LBTYA |
Liberty Global Ltd.
Communication Services
|
Added | 4,255,189 | $51,445,235 | 28.62% | |
| FLUT |
Flutter Entertainment plc
Consumer Cyclical
|
Added | 355,984 | $36,292,568 | 20.19% | |
| ALV |
Autoliv Inc
Consumer Cyclical
|
Reduced | 280,039 | $29,448,901 | 16.38% | |
| DKS |
Dick's Sporting Goods, Inc.
Consumer Cyclical
|
Reduced | 91,557 | $18,154,837 | 10.10% | |
| MANU |
Manchester United plc
Communication Services
|
Added | 976,049 | $16,417,144 | 9.13% | |
| BUD |
Anheuser-Busch InBev SA/NV
Consumer Defensive
|
NEW | 212,527 | $14,742,997 | 8.20% | |
| HDB |
Hdfc Bank Ltd
Financial Services
|
Reduced | 455,289 | $11,327,590 | 6.30% | |
| GLRE |
Greenlight Capital Re, Ltd.
Financial Services
|
Held | 110,000 | $1,901,900 | 1.06% |