LP
Local Pensions Partnership Investment Ltd 13F Holdings & Position Changes (Q3 2026)
Local Pensions Partnership Investment LtdCIK: 0001698810
ContrarianSector-focusedQuality / disciplined sizing
Total reported value
$4.8B
Reporting period: 2026-09-30 · Number of holdings: 33
Local Pensions Partnership Investment Ltd disclosed 33 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $4.8B and a quarterly turnover rate of 20.4%.
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Personality snowflake
- Concentration
- 20.73
- Portfolio Stability
- 20.39
- Momentum
- 0
- Sector conviction
- 94.58
- Diversification
- 66
- Sizing Uniformity
- 91.44
Local Pensions Partnership Investment Ltd's disclosed holdings carry a Herfindahl concentration index of 0.052 — mathematically equivalent to about 19 equally-sized positions, well below its 33 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.86), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy NVDA
Trim KLAC
-6.4% -$173.9M
Add MSFT
-1.8% $101.7M
Trim GOOGL
-12.1% -$73.6M
Add TMO
+3.9% $61.2M
Trim APH
+78.3% -$50.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.55% | -1.55% | -12.10% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 8.20% | +2.13% | -1.75% | |
| 3 | V | Visa Inc-class A Shares | Stock-Financials | 8.08% | +0.37% | — | |
| 4 | APH | Amphenol Corp-cl A | Stock-Tech | 6.15% | -1.07% | +78.29% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 6.10% | +0.14% | -2.15% | |
| 6 | HEI-A | Heico Corp-class A | Stock-Other | 6.02% | -0.70% | +1.05% | |
| 7 | KLAC | Kla CORP | Stock-Tech | 5.59% | -3.66% | -6.42% | |
| 8 | TXN | Texas Instruments Inc | Stock-Tech | 4.89% | -0.41% | -1.70% | |
| 9 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 4.48% | +1.28% | +3.91% | |
| 10 | AAPL | Apple Inc | Stock-Tech | 4.29% | +0.56% | — | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 4.00% | +4.00% | NEW | |
| 12 | CDNS | Cadence Design Sys Inc | Stock-Tech | 3.98% | -0.77% | -4.61% | |
| 13 | MCO | Moody's CORP | Stock-Financials | 3.88% | +0.01% | — | |
| 14 | ADP | Automatic Data Processing | Stock-Tech | 3.52% | +0.46% | — | |
| 15 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 3.31% | -0.38% | -1.92% | |
| 16 | AZO | Autozone Inc | Stock-Consumer Disc | 2.99% | -0.39% | — | |
| 17 | TYL | Tyler Technologies Inc | Stock-Tech | 2.99% | +0.24% | — | |
| 18 | ADSK | Autodesk Inc | Stock-Tech | 2.98% | +0.21% | — | |
| 19 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.42% | -0.21% | -5.15% | |
| 20 | WST | West Pharmaceutical Services | Stock-Healthcare | 1.00% | +0.03% | — | |
| 21 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.94% | +0.36% | — | |
| 22 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.77% | -0.45% | -26.23% | |
| 23 | MSCI | Msci Inc | Stock-Financials | 0.62% | -0.12% | -13.41% | |
| 24 | MEDP | Medpace Holdings Inc | Stock-Healthcare | 0.60% | +0.13% | +9.52% | |
| 25 | MANH | Manhattan Associates Inc | Stock-Tech | 0.58% | +0.18% | — | |
| 26 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 0.55% | -0.10% | -14.38% | |
| 27 | WAB | Wabtec CORP | Stock-Industrials | 0.47% | +0.12% | +24.80% | |
| 28 | BRO | Brown & Brown Inc | Stock-Financials | 0.42% | -0.02% | — | |
| 29 | JKHY | Jack Henry & Associates Inc | Stock-Tech | 0.41% | -0.01% | -6.88% | |
| 30 | CDW | Cdw Corp/de | Stock-Tech | 0.37% | -0.10% | -12.56% | |
| 31 | CNM | Core & Main Inc-class A | Stock-Industrials | 0.35% | -0.06% | — | |
| 32 | CW | Curtiss-wright CORP | Stock-Industrials | 0.30% | -0.05% | +18.18% | |
| 33 | ROL | Rollins Inc | Stock-Consumer Disc | 0.20% | -0.16% | -24.77% |
Portfolio Performance
Performance for Q4 2026
+2.6%
Performance Last 4 Quarters
+4.8%
- Stdev
- +15.4%
- Beta
- +1.03
- Alpha
- -6.9%
- Max Drawdown
- -13.1%
- Annualized Perf
- +10.1%
- Batting Avg vs S&P
- +40%
- Sortino
- +1.32
- Stutzer
- +0.21
- Treynor
- +0.1
- Sterling
- +0.44
- Calmar
- +0.77
- Information Ratio
- -0.8
- Tracking Error
- +8%
- Stdev Down
- +8.2%
- Winning Months %
- +60%
- Losing Months %
- +40%
- Best 12 Months
- +17.8%
- Worst 12 Months
- +3.6%
- Efficiency Ratio
- +0.25
- Sharpe
- +0.7
- Stdev Sectors
- +15.7%
- Skewness
- +0.63
- Kurtosis
- +0.7
- Upside Potential
- +3.17
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Local Pensions Partnership Investment Ltd's most significant position changes for 2026-09-30: New buy: Nvidia CORP (NVDA); Trim: Kla CORP (KLAC) — shares -6.42%; Trim: Microsoft CORP (MSFT) — shares -1.75%; Trim: Alphabet Inc-cl A (GOOGL) — shares -12.10%; Add: Thermo Fisher Scientific Inc (TMO) — shares +3.91%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +4% | NEW | New buy |
| 2 | MSFT | Microsoft CORP | +2.1% | -1.75% | Trim |
| 3 | TMO | Thermo Fisher Scientific Inc | +1.3% | +3.91% | Add |
| 4 | AAPL | Apple Inc | +0.6% | — | Unchanged |
| 5 | ADP | Automatic Data Processing | +0.5% | — | Unchanged |
| 6 | V | Visa Inc-class A Shares | +0.4% | — | Unchanged |
| 7 | VEEV | Veeva Systems Inc-class A | +0.4% | — | Unchanged |
| 8 | TYL | Tyler Technologies Inc | +0.2% | — | Unchanged |
| 9 | ADSK | Autodesk Inc | +0.2% | — | Unchanged |
| 10 | MANH | Manhattan Associates Inc | +0.2% | — | Unchanged |
| 11 | AMZN | Amazon.com Inc | +0.1% | -2.15% | Trim |
| 12 | MEDP | Medpace Holdings Inc | +0.1% | +9.52% | Add |
| 13 | WAB | Wabtec CORP | +0.1% | +24.80% | Add |
| 14 | WST | West Pharmaceutical Services | 0% | — | Unchanged |
| 15 | MCO | Moody's CORP | 0% | — | Unchanged |
| 16 | JKHY | Jack Henry & Associates Inc | 0% | -6.88% | Trim |
| 17 | BRO | Brown & Brown Inc | 0% | — | Unchanged |
| 18 | CW | Curtiss-wright CORP | -0.1% | +18.18% | Add |
| 19 | CNM | Core & Main Inc-class A | -0.1% | — | Unchanged |
| 20 | IDXX | Idexx Laboratories Inc | -0.1% | -14.38% | Trim |
| 21 | CDW | Cdw Corp/de | -0.1% | -12.56% | Trim |
| 22 | MSCI | Msci Inc | -0.1% | -13.41% | Trim |
| 23 | ROL | Rollins Inc | -0.2% | -24.77% | Trim |
| 24 | COST | Costco Wholesale CORP | -0.2% | -5.15% | Trim |
| 25 | BKNG | Booking Holdings Inc | -0.4% | -1.92% | Trim |
| 26 | AZO | Autozone Inc | -0.4% | — | Unchanged |
| 27 | TXN | Texas Instruments Inc | -0.4% | -1.70% | Trim |
| 28 | NKE | Nike Inc -cl B | -0.5% | -26.23% | Trim |
| 29 | HEI-A | Heico Corp-class A | -0.7% | +1.05% | Add |
| 30 | CDNS | Cadence Design Sys Inc | -0.8% | -4.61% | Trim |
| 31 | APH | Amphenol Corp-cl A | -1.1% | +78.29% | Add |
| 32 | GOOGL | Alphabet Inc-cl A | -1.6% | -12.10% | Trim |
| 33 | KLAC | Kla CORP | -3.7% | -6.42% | Trim |
Filing History
FAQ
What is Local Pensions Partnership Investment Ltd and what type of investor is it?
Local Pensions Partnership Investment Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $4.8B, spread across 33 disclosed positions.
What are Local Pensions Partnership Investment Ltd's largest equity positions?
Based on the latest 13F filing, Local Pensions Partnership Investment Ltd's top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $407.9M (8.6%)
2. Microsoft CORP (MSFT) — $391.0M (8.2%)
3. Visa Inc-class A Shares (V) — $385.3M (8.1%)
4. Amphenol Corp-cl A (APH) — $293.5M (6.2%)
5. Amazon.com Inc (AMZN) — $290.9M (6.1%)
What changes did Local Pensions Partnership Investment Ltd make in its most recent portfolio filing?
In the latest reported quarter, Local Pensions Partnership Investment Ltd made 21 notable position adjustments: 1 new positions were initiated, 6 existing holdings were added to, 14 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Nvidia CORP (NVDA); Trim: Kla CORP (KLAC) — shares -6.42%; Trim: Microsoft CORP (MSFT) — shares -1.75%; Trim: Alphabet Inc-cl A (GOOGL) — shares -12.10%; Add: Thermo Fisher Scientific Inc (TMO) — shares +3.91%
What sectors does Local Pensions Partnership Investment Ltd focus on?
Local Pensions Partnership Investment Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 51.0%
• Consumer Discretionary: 14.2%
• Financials: 13.8%
• Communication Services: 9.1%
• Health Care: 8.1%
• Consumer Staples: 2.6%
Investment Profile
Local Pensions Partnership Investment Ltd returned an annualized 10.1% over the trailing 20 months — underperforming the S&P 500 by 6.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.03 (roughly in line with the market) and a 40% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 51.0% of the portfolio concentrated in Information Technology.
It has added to its AMZN position over the past two quarters (+$45.3M, now $290.9M), while trimming GOOGL over the same stretch (-$75.8M, still holding $407.9M).
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