LP
Local Pensions Partnership Investment Ltd 13F Holdings & Position Changes (Q2 2026)
Local Pensions Partnership Investment LtdCIK: 0001698810
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$4.8B
Reporting period: 2026-06-30 · Number of holdings: 32
Local Pensions Partnership Investment Ltd disclosed 32 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.8B and a quarterly turnover rate of 21.5%.
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Personality snowflake
- Concentration
- 22.73
- Portfolio Stability
- 21.47
- Momentum
- 100
- Sector conviction
- 91.51
- Diversification
- 64
- Sizing Uniformity
- 90.81
Local Pensions Partnership Investment Ltd's disclosed holdings carry a Herfindahl concentration index of 0.057 — mathematically equivalent to about 18 equally-sized positions, well below its 32 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 0.92), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd KLAC
+753.7% $188.7M
Sold out INTU
Add APH
0.0% $97.6M
Add TXN
-6.6% $76.4M
Trim MSFT
-14.0% -$44.5M
Add HEI-A
-12.1% $61.5M
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 | 10.10% | -0.35% | -19.84% | |
| 2 | KLAC | Kla CORP | Stock-Tech | 9.25% | +3.81% | +753.72% | |
| 3 | V | Visa Inc-class A Shares | Stock-Financials | 7.71% | +0.10% | -8.09% | |
| 4 | APH | Amphenol Corp-cl A | Stock-Tech | 7.22% | +1.89% | — | |
| 5 | HEI-A | Heico Corp-class A | Stock-Other | 6.72% | +1.13% | -12.15% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 6.07% | -1.14% | -13.96% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.96% | +0.65% | +1.19% | |
| 8 | TXN | Texas Instruments Inc | Stock-Tech | 5.30% | +1.49% | -6.64% | |
| 9 | CDNS | Cadence Design Sys Inc | Stock-Tech | 4.75% | +0.74% | -9.82% | |
| 10 | MCO | Moody's CORP | Stock-Financials | 3.87% | -0.39% | -9.82% | |
| 11 | AAPL | Apple Inc | Stock-Tech | 3.73% | -0.28% | -16.04% | |
| 12 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 3.69% | -0.29% | +2154.40% | |
| 13 | AZO | Autozone Inc | Stock-Consumer Disc | 3.38% | -0.70% | -9.82% | |
| 14 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 3.20% | -0.43% | -10.87% | |
| 15 | ADP | Automatic Data Processing | Stock-Tech | 3.06% | -0.11% | -9.82% | |
| 16 | ADSK | Autodesk Inc | Stock-Tech | 2.77% | -1.13% | -9.82% | |
| 17 | TYL | Tyler Technologies Inc | Stock-Tech | 2.75% | -0.68% | -3.45% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.63% | -0.57% | -9.82% | |
| 19 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 1.22% | -0.89% | -23.56% | |
| 20 | WST | West Pharmaceutical Services | Stock-Healthcare | 0.97% | +0.31% | +6.62% | |
| 21 | MSCI | Msci Inc | Stock-Financials | 0.74% | -0.11% | -13.63% | |
| 22 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 0.65% | -0.06% | +1.72% | |
| 23 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.58% | -0.01% | — | |
| 24 | CDW | Cdw Corp/de | Stock-Tech | 0.47% | -0.18% | -36.12% | |
| 25 | MEDP | Medpace Holdings Inc | Stock-Healthcare | 0.47% | +0.08% | +10.53% | |
| 26 | BRO | Brown & Brown Inc | Stock-Financials | 0.44% | -0.13% | -19.70% | |
| 27 | JKHY | Jack Henry & Associates Inc | Stock-Tech | 0.42% | -0.30% | -31.24% | |
| 28 | CNM | Core & Main Inc-class A | Stock-Industrials | 0.41% | -0.02% | — | |
| 29 | MANH | Manhattan Associates Inc | Stock-Tech | 0.40% | — | — | |
| 30 | ROL | Rollins Inc | Stock-Consumer Disc | 0.36% | -0.12% | — | |
| 31 | WAB | Wabtec CORP | Stock-Industrials | 0.35% | +0.35% | NEW | |
| 32 | CW | Curtiss-wright CORP | Stock-Industrials | 0.35% | +0.35% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.4%
Performance Last 4 Quarters
+9.8%
- Stdev
- +15.9%
- Beta
- +1.05
- Alpha
- -5.8%
- Max Drawdown
- -12.9%
- Annualized Perf
- +13.9%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.75
- Stutzer
- +0.27
- Treynor
- +0.14
- Sterling
- +0.61
- Calmar
- +1.08
- Information Ratio
- -0.64
- Tracking Error
- +7.6%
- Stdev Down
- +8.1%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +19.9%
- Worst 12 Months
- +6.1%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.9
- Stdev Sectors
- +15.2%
- Skewness
- +0.54
- Kurtosis
- +0.55
- Upside Potential
- +3.52
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 2026-06-30: Sold out: Intuit Inc (INTU); New buy: Wabtec CORP (WAB); New buy: Curtiss-wright CORP (CW); Sold out: Sps Commerce Inc (SPSC); Add: Kla CORP (KLAC) — shares +753.72%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KLAC | Kla CORP | +3.8% | +753.72% | Add |
| 2 | APH | Amphenol Corp-cl A | +1.9% | — | Unchanged |
| 3 | TXN | Texas Instruments Inc | +1.5% | -6.64% | Trim |
| 4 | HEI-A | Heico Corp-class A | +1.1% | -12.15% | Trim |
| 5 | CDNS | Cadence Design Sys Inc | +0.7% | -9.82% | Trim |
| 6 | AMZN | Amazon.com Inc | +0.7% | +1.19% | Add |
| 7 | WAB | Wabtec CORP | +0.4% | NEW | New buy |
| 8 | CW | Curtiss-wright CORP | +0.4% | NEW | New buy |
| 9 | WST | West Pharmaceutical Services | +0.3% | +6.62% | Add |
| 10 | V | Visa Inc-class A Shares | +0.1% | -8.09% | Trim |
| 11 | MEDP | Medpace Holdings Inc | +0.1% | +10.53% | Add |
| 12 | MANH | Manhattan Associates Inc | — | — | Unchanged |
| 13 | VEEV | Veeva Systems Inc-class A | 0% | — | Unchanged |
| 14 | CNM | Core & Main Inc-class A | 0% | — | Unchanged |
| 15 | IDXX | Idexx Laboratories Inc | -0.1% | +1.72% | Add |
| 16 | MSCI | Msci Inc | -0.1% | -13.63% | Trim |
| 17 | ADP | Automatic Data Processing | -0.1% | -9.82% | Trim |
| 18 | ROL | Rollins Inc | -0.1% | — | Unchanged |
| 19 | BRO | Brown & Brown Inc | -0.1% | -19.70% | Trim |
| 20 | CDW | Cdw Corp/de | -0.2% | -36.12% | Trim |
| 21 | SPSC | Sps Commerce Inc | -0.2% | EXIT | Sold out |
| 22 | AAPL | Apple Inc | -0.3% | -16.04% | Trim |
| 23 | BKNG | Booking Holdings Inc | -0.3% | +2154.40% | Add |
| 24 | JKHY | Jack Henry & Associates Inc | -0.3% | -31.24% | Trim |
| 25 | GOOGL | Alphabet Inc-cl A | -0.4% | -19.84% | Trim |
| 26 | MCO | Moody's CORP | -0.4% | -9.82% | Trim |
| 27 | TMO | Thermo Fisher Scientific Inc | -0.4% | -10.87% | Trim |
| 28 | COST | Costco Wholesale CORP | -0.6% | -9.82% | Trim |
| 29 | TYL | Tyler Technologies Inc | -0.7% | -3.45% | Trim |
| 30 | AZO | Autozone Inc | -0.7% | -9.82% | Trim |
| 31 | NKE | Nike Inc -cl B | -0.9% | -23.56% | Trim |
| 32 | ADSK | Autodesk Inc | -1.1% | -9.82% | Trim |
| 33 | MSFT | Microsoft CORP | -1.1% | -13.96% | Trim |
| 34 | INTU | Intuit Inc | -2.8% | EXIT | Sold out |
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.8B, spread across 32 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) — $481.5M (10.1%)
2. Kla CORP (KLAC) — $440.6M (9.3%)
3. Visa Inc-class A Shares (V) — $367.3M (7.7%)
4. Amphenol Corp-cl A (APH) — $344.2M (7.2%)
5. Heico Corp-class A (HEI-A) — $320.4M (6.7%)
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 29 notable position adjustments: 2 new positions were initiated, 6 existing holdings were added to, 19 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Intuit Inc (INTU); New buy: Wabtec CORP (WAB); New buy: Curtiss-wright CORP (CW); Sold out: Sps Commerce Inc (SPSC); Add: Kla CORP (KLAC) — shares +753.72%
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: 49.5%
• Consumer Discretionary: 15.7%
• Financials: 13.7%
• Communication Services: 10.8%
• Health Care: 6.3%
• Consumer Staples: 2.8%
Investment Profile
Local Pensions Partnership Investment Ltd returned an annualized 13.9% over the trailing 18 months — underperforming the S&P 500 by 5.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.05 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 49.5% of the portfolio concentrated in Information Technology.
It has added to its TXN position over the past two quarters (+$79.1M, now $252.6M), while trimming MSFT over the same stretch (-$188.4M, still holding $289.3M).
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Developer Access
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