Theleme Partners Portfolio holdings
Theleme Partners is a London hedge fund firm founded in 2009 by Patrick Degorce, who earlier co-founded the hedge fund The Children's Investment Fund Management with Chris Hohn. It builds concentrated stock portfolios based on fundamental research and long-term valuation. It buys shares in businesses it rates as good when they trade below their intrinsic value, and sells short those it rates as bad when they trade above it. The firm is owned entirely by its partners and manages money for institutional investors.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinix
EQIX
|
+$113M |
| 2 |
HDFC Bank
HDB
|
+$39M |
| 3 |
Amazon
AMZN
|
+$21.8M |
| 4 |
Equifax
EFX
|
+$5.65M |
| 5 |
Meta Platforms (Facebook)
META
|
+$5.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Flutter Entertainment
FLUT
|
+$98.5M |
| 2 |
Robinhood
HOOD
|
+$79.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 33.52% |
| 2 | Communication Services | 16.64% |
| 3 | Technology | 13.7% |
| 4 | Financials | 12.54% |
| 5 | Consumer Discretionary | 11.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Moderna
MRNA
$85.5B
| $564M | 33.52% |
8,057,571
+9,326
| +0.1% | +$483K |
2018 Q4
30 quarters
|
|
|
2
Meta Platforms (Facebook)
META
$1.59T
| $259M | 15.37% |
459,450
+8,375
| +2% | +$5.12M |
2025 Q2
4 quarters
|
|
3
Uber
UBER
$133B
| $231M | 13.7% |
3,196,550
+13,300
| +0.4% | +$975K |
2024 Q4
6 quarters
|
|
|
4
Amazon
AMZN
$2.75T
| $196M | 11.65% |
822,979
+87,000
| +12% | +$21.8M |
2024 Q3
7 quarters
|
|
5
TransUnion
TRU
$14.2B
| $171M | 10.16% |
2,369,757
+52,875
| +2% | +$3.71M |
2024 Q1
9 quarters
|
|
|
6
Equinix
EQIX
$98.6B
| $110M | 6.54% |
+105,603
| New | +$113M |
2026 Q2
0 quarters
|
|
|
7
Equifax
EFX
$20.7B
| $91.1M | 5.41% |
574,213
+33,125
| +6% | +$5.65M |
2024 Q2
8 quarters
|
|
|
8
HDFC Bank
HDB
$111B
| $40.2M | 2.39% |
+1,554,554
| New | +$39M |
2026 Q2
0 quarters
|
|
9
Sify Technologies
SIFY
$911M
| $21.2M | 1.26% |
1,278,683
| – | – |
2025 Q3
3 quarters
|
|
|
10
Robinhood
HOOD
$82.3B
| – | – |
-1,145,000
| Closed | -$79.3M | – |
|
|
11
Flutter Entertainment
FLUT
$13.6B
| – | – |
-966,041
| Closed | -$98.5M | – |
|
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Theleme Partners's Q2 2026 Portfolio in Review
As of Q2 2026, Theleme Partners held 11 positions worth $1.68B, up 12% from $1.5B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Theleme Partners's Q2 2026 filing shows 2 new, 6 increased and 2 closed positions. Its largest new stake was Equinix: 105,603 shares worth $110M. The largest sale was Flutter Entertainment, an estimated $98.5M.
By sector, the portfolio is most concentrated in Healthcare at 34% of assets, up from 27% a quarter earlier, followed by Communication Services and Technology.
- Theleme Partners's largest Q2 2026 buy was Equinix: 105,603 shares worth $110M.
- Theleme Partners added most to Amazon in Q2 2026, an estimated $21.8M increase.
- Theleme Partners fully exited Flutter Entertainment in Q2 2026, selling an estimated $98.5M.
- Theleme Partners's ten largest holdings make up 100% of its $1.68B portfolio in Q2 2026.
- Theleme Partners opened 2 new positions and closed 2 in Q2 2026.
- Theleme Partners's portfolio value rose 12% quarter-over-quarter to $1.68B.
Based on Theleme Partners's 13F filing for Q2 2026, filed 13 Aug 2026.