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LMR Partners Portfolio holdings
AUM
$26.8B
Turnover
48.2%
1-Year Est. Return
68.38%
LMR Partners is a British multi-strategy investment firm named after its three founders, Ben Levine, Andrew Manuel and Stefan Renold, whose surname initials spell LMR. All three had been traders at UBS and Goldman Sachs, and Paloma Partners provided seed money before the firm began trading in 2010. Manuel left in 2015 and launched Ixworth Capital, his own global macro hedge fund. The firm focuses on global macro and event-driven strategies, mixing computer-model trading with trades chosen by its portfolio managers.
This Fund
S&P 500
This Quarter Est. Return
+23.09%
1 Year Est. Return
+68.38%
3 Year Est. Return
+229.41%
5 Year Est. Return
+267.31%
10 Year Est. Return
+749.57%
AUM
$26.8B
AUM Growth
-$18.6B
(-41%)
Cap. Flow
-$260M
Cap. Flow % of AUM
Cap. Flow %
-0.97%
Top 10 Holdings %
Top 10 Hldgs %
22.68%
Holding
1,913
New
500
Increased
307
Reduced
278
Closed
422
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$652M |
| 2 |
SpaceX
SPCX
|
+$182M |
| 3 |
Warner Bros
WBD
|
+$168M |
| 4 |
Amazon
AMZN
|
+$115M |
| 5 |
Norfolk Southern
NSC
|
+$88.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$332M |
| 2 |
Broadcom
AVGO
|
+$149M |
| 3 |
iShares Semiconductor ETF
SOXX
|
+$139M |
| 4 |
Eli Lilly
LLY
|
+$92.1M |
| 5 |
Kenvue
KVUE
|
+$61.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 70.93% |
| 2 | Technology | 9.05% |
| 3 | Industrials | 3.58% |
| 4 | Communication Services | 3.46% |
| 5 | Healthcare | 3.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$870B
| $1.43B | 5.34% |
1,911,286
+894,886
| +88% | +$652M |
2025 Q3
3 quarters
|
|
2
CALL
VanEck Semiconductor ETF
SMH
$62.6B
| $992M | 3.7% |
+1,512,700
| New | +$825M |
2026 Q2
0 quarters
|
|
3
PUT
SPDR Gold Trust
GLD
$135B
| $518M | 1.93% |
1,407,400
-50,596,400
| -97% | -$21B |
2024 Q4
6 quarters
|
|
4
CALL
AngloGold Ashanti
AU
$47.5B
| $504M | 1.88% |
+62,234
| New | +$5.91M |
2026 Q2
0 quarters
|
|
5
PUT
GameStop
GME
$12.8B
| $476M | 1.78% |
21,555,100
+1,122,800
| +5% | +$25.7M |
2023 Q2
12 quarters
|
|
6
PUT
Invesco QQQ Trust
QQQ
$458B
| $446M | 1.66% |
605,000
+505,000
| +505% | +$347M |
2026 Q1
1 quarter
|
|
|
7
CALL
SPDR Gold Trust
GLD
$135B
| $431M | 1.61% |
1,169,400
-607,600
| -34% | -$252M |
2024 Q1
9 quarters
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $415M | 1.55% |
555,734
+97,795
| +21% | +$70.9M |
2024 Q3
7 quarters
|
|
9
PUT
NVIDIA
NVDA
$4.08T
| $357M | 1.33% |
1,785,000
+464,200
| +35% | +$95.4M |
2023 Q2
12 quarters
|
|
|
10
DELISTED
Warner Bros
WBD
| $348M | 1.3% |
13,035,187
+6,225,223
| +91% | +$168M |
2022 Q2
16 quarters
|
|
11
PUT
Novartis
NVS
$308B
| $334M | 1.25% |
2,132,500
+828,700
| +64% | +$124M |
2025 Q1
5 quarters
|
|
12
PUT
Rivian
RIVN
$20B
| $327M | 1.22% |
18,829,400
+2,474,400
| +15% | +$38.6M |
2023 Q1
13 quarters
|
|
13
PUT
iShares Silver Trust
SLV
$25B
| $321M | 1.2% |
6,006,400
-217,200
| -3% | -$14.4M |
2024 Q3
7 quarters
|
|
|
14
PUT
Micron Technology
MU
$820B
| $302M | 1.12% |
261,200
-93,600
| -26% | -$70.2M |
2024 Q4
6 quarters
|
|
15
PUT
Tesla
TSLA
$1.5T
| $297M | 1.11% |
705,500
-322,900
| -31% | -$128M |
2023 Q2
12 quarters
|
|
16
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18B
| $283M | 1.06% |
3,544,300
-741,800
| -17% | -$59.3M |
2025 Q2
4 quarters
|
|
|
17
CALL
iShares Silver Trust
SLV
$25B
| $253M | 0.94% |
4,724,700
-386,200
| -8% | -$25.6M |
2024 Q2
8 quarters
|
|
|
18
CALL
Micron Technology
MU
$820B
| $229M | 0.86% |
198,800
+46,400
| +30% | +$34.8M |
2025 Q1
5 quarters
|
|
|
19
Norfolk Southern
NSC
$73.7B
| $227M | 0.85% |
721,895
+287,118
| +66% | +$88.5M |
2025 Q3
3 quarters
|
|
20
PUT
Nebius Group N.V.
NBIS
$36.4B
| $210M | 0.78% |
760,200
+31,700
| +4% | +$6.28M |
2025 Q3
3 quarters
|
|
21
PUT
Roundhill Memory ETF
DRAM
$19.1B
| $192M | 0.72% |
+2,598,600
| New | +$135M |
2026 Q2
0 quarters
|
|
22
PUT
VanEck Gold Miners ETF
GDX
$26.7B
| $186M | 0.69% |
2,467,400
-309,600
| -11% | -$27.4M |
2024 Q2
8 quarters
|
|
|
23
SpaceX
SPCX
$1.94T
| $183M | 0.68% |
+1,071,081
| New | +$182M |
2026 Q2
0 quarters
|
|
24
CALL
iShares MSCI South Korea ETF
EWY
$20.4B
| $167M | 0.62% |
828,900
+146,500
| +21% | +$25.9M |
2026 Q1
1 quarter
|
|
|
25
NVIDIA
NVDA
$4.08T
| $155M | 0.58% |
772,195
-234,044
| -23% | -$48.1M |
2024 Q2
8 quarters
|
|
Similar funds
LMR Partners's Q2 2026 Portfolio in Review
As of Q2 2026, LMR Partners held 1,913 positions worth $26.8B, down 41% from $45.4B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
LMR Partners's Q2 2026 filing shows 500 new, 307 increased, 278 reduced and 422 closed positions. Its largest new stake was SpaceX: 1,071,081 shares worth $183M. The largest sale was Micron Technology, an estimated $332M.
By sector, the portfolio is most concentrated in Miscellaneous at 71% of assets, down from 86% a quarter earlier, followed by Technology and Industrials.
- LMR Partners's largest Q2 2026 buy was SpaceX: 1,071,081 shares worth $183M.
- LMR Partners added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $652M increase.
- LMR Partners's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $332M.
- LMR Partners fully exited iShares Semiconductor ETF in Q2 2026, selling an estimated $139M.
- LMR Partners's ten largest holdings make up 23% of its $26.8B portfolio in Q2 2026.
- LMR Partners opened 500 new positions and closed 422 in Q2 2026.
- LMR Partners's portfolio value fell 41% quarter-over-quarter to $26.8B.
Based on LMR Partners's 13F filing for Q2 2026, filed 14 Aug 2026.