13F
中
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Hosking Partners LLP

13F equity value
$2.8B
Positions
99
Top 10 concentration
31.1%
Quarters / total new picks
28 / 61
13F equity value over time
$0M$2B$5B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 28 quarters, returned +5.1% per quarter — versus +2.9% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = -0.43, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.2%
t-stat
-0.43
Quarterly win rate
50%
Annualized excess
+3.6%
$1 → follow vs universe
$2.48 vs $1.98
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520210331: universe 1.49820210630: universe 1.61820211231: universe 1.37720220630: universe 1.27620220930: universe 1.37020221231: universe 1.27320230331: universe 1.34120230630: universe 1.29320230930: universe 1.46720240331: universe 1.50020240630: universe 1.63720240930: universe 1.62320241231: universe 1.51420250331: universe 1.65120250630: universe 1.70320250930: universe 1.91520251231: universe 1.981 20180331: follow 0.90520180630: follow 0.98820180930: follow 1.11620181231: follow 1.09220190331: follow 1.37620190630: follow 1.66820190930: follow 1.88620191231: follow 1.57820200331: follow 1.78920200630: follow 1.89920200930: follow 1.64820210331: follow 1.43520210630: follow 1.53420211231: follow 0.78120220630: follow 0.77920220930: follow 0.82920221231: follow 0.76420230331: follow 1.02420230630: follow 0.97120230930: follow 1.03520240331: follow 0.91120240630: follow 1.04320240930: follow 1.06520241231: follow 1.03420250331: follow 1.18620250630: follow 1.21120250930: follow 1.68120251231: follow 2.475 0.70 1.69 2.67 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 99 · 2026 Q1

Ticker Value Weight QoQ
GOOG $137M
4.9%
TRIM
C $128M
4.6%
TRIM
MU $85M
3.0%
TRIM
FCX $85M
3.0%
TRIM
IBKR $80M
2.9%
TRIM
AMZN $79M
2.8%
TRIM
BRK/B $73M
2.6%
HOLD
LYB $70M
2.5%
ADD
CBRE $66M
2.4%
TRIM
AIG $66M
2.4%
TRIM
AXP $66M
2.4%
TRIM
DHT $64M
2.3%
TRIM
HCC $61M
2.2%
HOLD
COST $60M
2.2%
TRIM
TDW $55M
2.0%
HOLD
BKNG $55M
2.0%
HOLD
NE $52M
1.8%
TRIM
MPC $51M
1.8%
ADD
INSW $50M
1.8%
HOLD
SYF $49M
1.8%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

PSXVLOWSO

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.