Ilex Capital Partners (UK) LLP

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$4.1B

Reporting period: 2026-03-31 · Number of holdings: 77

Ilex Capital Partners (UK) LLP disclosed 77 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.1B and a quarterly turnover rate of 117.5%.

Personality snowflake

Concentration: 11.66
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 64.37
Diversification: 100
Sizing Uniformity: 88.77

Recent moves

Trim GIS
-62.8%　-$155.3M
Add PEP
+187.9%　$167.5M
Add HLT
+95.8%　$97.7M
Trim CCI
-71.7%　-$63.9M
Add WH
+139.0%　$69.1M
Add MCD
+52.2%　$66.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	PEP	Pepsico INC	Stock-Consumer Staples	6.08%	+3.85%	+187.90%
2	✓	On Hldg AG	Stock-Other	5.52%	+5.52%	NEW
3	PG	Procter & Gamble Co/the	Stock-Consumer Staples	5.03%	+5.03%	NEW
4	HLT	Hilton Worldwide Holdings In	Stock-Consumer Disc	4.65%	+2.08%	+95.83%
5	MCD	Mcdonald's CORP	Stock-Consumer Disc	4.61%	+1.20%	+52.21%
6	MNST	Monster Beverage CORP	Stock-Consumer Staples	4.25%	+4.25%	NEW
7	BSX	Boston Scientific CORP	Stock-Healthcare	3.45%	—	+39.57%
8	A	Agilent Technologies INC	Stock-Healthcare	3.39%	—	+36.70%
9	RACE	Ferrari N.V.	Stock-Consumer Disc	3.34%	+3.34%	NEW
10	CMG	Chipotle Mexican Grill INC	Stock-Consumer Disc	3.15%	+3.15%	NEW
11	ARMK	Aramark	Stock-Industrials	3.08%	+3.08%	NEW
12	WH	Wyndham Hotels & Resorts INC	Stock-Consumer Disc	2.79%	+1.55%	+138.99%
13	KHC	Kraft Heinz Co/the	Stock-Consumer Staples	2.36%	+2.36%	NEW
14	STZ	Constellation Brands Inc-a	Stock-Consumer Staples	2.33%	—	-6.65%
15	FRPT	Freshpet INC	Stock-Consumer Staples	2.30%	+0.73%	+73.34%
16	RMD	Resmed INC	Stock-Healthcare	2.29%	+0.62%	+68.23%
17	ALC	Alcon Inc.	Stock-Healthcare	2.28%	—	+5.95%
18	ROL	Rollins INC	Stock-Consumer Disc	2.03%	+0.51%	+72.35%
19	GEHC	GE Healthcare Technology	Stock-Healthcare	1.93%	+0.75%	+115.16%
20	MO	Altria Group INC	Stock-Consumer Staples	1.85%	+1.85%	NEW
21	ILMN	Illumina INC	Stock-Healthcare	1.84%	+0.74%	+103.87%
22	SYK	Stryker CORP	Stock-Healthcare	1.63%	—	-15.97%
23	GIS	General Mills INC	Stock-Consumer Staples	1.62%	-4.62%	-62.85%
24	NVT	nVent Electric plc	Stock-Industrials	1.58%	—	+7.88%
25	TRU	Transunion	Stock-Financials	1.55%	—	+13.23%
26	WWD	Woodward INC	Stock-Industrials	1.48%	+1.48%	NEW
27	CRH	CRH plc	Stock-Materials	1.45%	+1.45%	NEW
28	MA	Mastercard INC - A	Stock-Financials	1.39%	+1.39%	NEW
29	URI	United Rentals INC	Stock-Industrials	1.36%	+1.36%	NEW
30	LLY	Eli Lilly & Co	Stock-Healthcare	1.35%	+0.82%	+241.86%
31	T	At&t INC	Stock-Comm Services	1.35%	+0.64%	+87.48%
32	RTX	Rtx CORP	Stock-Industrials	1.18%	+1.18%	NEW
33	IQV	Iqvia Holdings INC	Stock-Healthcare	1.16%	+1.16%	NEW
34	CLX	Clorox Company	Stock-Consumer Staples	1.12%	+1.12%	NEW
35	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	1.11%	+1.11%	NEW
36	UNH	Unitedhealth Group INC	Stock-Healthcare	1.01%	—	-17.43%
37	BYD	Boyd Gaming CORP	Stock-Consumer Disc	0.96%	+0.96%	NEW
38	CRL	Charles River Laboratories	Stock-Healthcare	0.84%	+0.84%	NEW
39	TMUS	T-mobile US INC	Stock-Comm Services	0.83%	—	+17.35%
40	ACN	Accenture plc	Stock-Tech	0.75%	-1.16%	-38.78%
41	JKHY	Jack Henry & Associates INC	Stock-Tech	0.73%	—	+13.68%
42	SPOT	Spotify Technology S.A.	Stock-Comm Services	0.72%	+0.72%	NEW
43	XYZ	Block INC	Stock-Financials	0.62%	—	+66.49%
44	SBUX	Starbucks CORP	Stock-Consumer Disc	0.60%	-0.95%	-58.49%
45	CCI	Crown Castle INC	Stock-Real Estate	0.55%	-1.88%	-71.74%
46	AFRM	Affirm Holdings INC	Stock-Financials	0.51%	—	+252.65%
47	GOOS	Canada Goose Holdings INC	Stock-Other	0.51%	—	-25.11%
48	TEM	Tempus Ai Inc-cl A	Stock-Healthcare	0.51%	+0.51%	NEW
49	SHOP	Shopify INC - Class A	Stock-Tech	0.44%	—	+101.90%
50	FPS	Forgent Power Solutions INC	Stock-Other	0.40%	—	—

1–50 of 77

Portfolio Performance

Performance for Q3 2026

-0.1%

Performance Last 4 Quarters

-14.8%

Based on 75% of reported portfolio value with available pricing

Stdev: +12.2%
Beta: +0.44
Alpha: -15.3%
Max Drawdown: -26.4%
Annualized Perf: -7.9%
Batting Avg vs S&P: +27.6%
Sortino: -0.68
Stutzer: -0.19
Treynor: -0.17
Sterling: -0.31
Calmar: -0.3
Information Ratio: -1.95
Tracking Error: +13%
Stdev Down: +10.9%
Winning Months %: +55.2%
Losing Months %: +44.8%
Best 12 Months: -3.3%
Worst 12 Months: -16.4%
Efficiency Ratio: +0.25
Sharpe: -0.61
Stdev Sectors: +10.7%
Skewness: -1.41
Kurtosis: +2.36
Upside Potential: +1.01

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	77	$4.1B	100	1PEP2H5919C3PG Top holdings2026-03-31 1.PEP 2.H5919C 3.PG 4.HLT 5.MCD 6.MNST 7.BSX 8.A 9.RACE 10.CMG
2025-12-31	66	$3.5B	100	1FLUT 2GIS 3MKC Top holdings2025-12-31 1.FLUT 2.GIS 3.MKC 4.KO 5.CL 6.BSX 7.MCD 8.A 9.ELF 10.ALC
2025-09-30	135	$3.1B	100	1GIS 2RACE 3PG Top holdings2025-09-30 1.GIS 2.RACE 3.PG 4.LIN 5.RPM 6.TMUS 7.DAR 8.6D8 9.MDLZ 10.FLUT
2025-06-30	156	$3.0B	0	1IFF 2SJM 3FLUT Top holdings2025-06-30 1.IFF 2.SJM 3.FLUT 4.MDLZ 5.KDP 6.6D8 7.PG 8.ESI 9.A 10.RACE
2025-03-31	189	$2.4B	0	1SJM 2MNST 3KO Top holdings2025-03-31 1.SJM 2.MNST 3.KO 4.APD 5.FLUT 6.MKC 7.RACE 8.SHW 9.RPM 10.NTR
2024-12-31	31	$1.6B	0	1KMB 2CAG 3KO Top holdings2024-12-31 1.KMB 2.CAG 3.KO 4.SJM 5.ECL 6.BG 7.APD 8.CL 9.TMO 10.MAR
2024-09-30	25	$1.5B	0	1MDLZ 2KEL 3ALC Top holdings2024-09-30 1.MDLZ 2.KEL 3.ALC 4.KMB 5.CLX 6.KDP 7.6D8 8.ESI 9.LIN 10.IFF
2024-06-30	20	$975.9M	0	1KO 2KDP 3TMO Top holdings2024-06-30 1.KO 2.KDP 3.TMO 4.STZ 5.IFF 6.6D8 7.COO 8.KEL 9.CPB 10.LYB
2024-03-31	19	$1.0B	0	1PG 2KO 3KHC Top holdings2024-03-31 1.PG 2.KO 3.KHC 4.IFF 5.ALC 6.LYB 7.FLUT 8.TAP 9.SJM 10.QGEN
2023-12-31	16	$715.8M	0	1CL 2KHC 3CLX Top holdings2023-12-31 1.CL 2.KHC 3.CLX 4.ALC 5.QGEN 6.PM 7.KO 8.KDP 9.COO 10.GEHC

Holding changes this quarter

Ilex Capital Partners (UK) LLP's most significant position changes for 2026-03-31: Sold out: Flutter Entertainment plc (FLUT); New buy: On Hldg AG; Sold out: Mccormick & Co-non Vtg Shrs (MKC); New buy: Procter & Gamble Co/the (PG); Sold out: Coca-cola Co/the (KO).

Position changes disclosed by Ilex Capital Partners (UK) LLP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	PEP	Pepsico INC	+3.9%	+187.90%	Add
2	HLT	Hilton Worldwide Holdings In	+2.1%	+95.83%	Add
3	WH	Wyndham Hotels & Resorts INC	+1.6%	+138.99%	Add
4	MCD	Mcdonald's CORP	+1.2%	+52.21%	Add
5	LLY	Eli Lilly & Co	+0.8%	+241.86%	Add
6	GEHC	GE Healthcare Technology	+0.8%	+115.16%	Add
7	ILMN	Illumina INC	+0.7%	+103.87%	Add
8	FRPT	Freshpet INC	+0.7%	+73.34%	Add
9	T	At&t INC	+0.6%	+87.48%	Add
10	RMD	Resmed INC	+0.6%	+68.23%	Add
11	ROL	Rollins INC	+0.5%	+72.35%	Add
12	SBUX	Starbucks CORP	-1%	-58.49%	Trim
13	ACN	Accenture plc	-1.2%	-38.78%	Trim
14	CCI	Crown Castle INC	-1.9%	-71.74%	Trim
15	GIS	General Mills INC	-4.6%	-62.85%	Trim
16	FLUT	Flutter Entertainment plc	—	EXIT	Sold out
17	✓	On Hldg AG	—	NEW	New buy
18	MKC	Mccormick & Co-non Vtg Shrs	—	EXIT	Sold out
19	PG	Procter & Gamble Co/the	—	NEW	New buy
20	KO	Coca-cola Co/the	—	EXIT	Sold out
21	MNST	Monster Beverage CORP	—	NEW	New buy
22	CL	Colgate-palmolive Co	—	EXIT	Sold out
23	RACE	Ferrari N.V.	—	NEW	New buy
24	CMG	Chipotle Mexican Grill INC	—	NEW	New buy
25	ARMK	Aramark	—	NEW	New buy
26	KHC	Kraft Heinz Co/the	—	NEW	New buy
27	ELF	Elf Beauty INC	—	EXIT	Sold out
28	CHD	Church & Dwight Co INC	—	EXIT	Sold out
29	DHR	Danaher CORP	—	EXIT	Sold out
30	GE	General Electric	—	EXIT	Sold out
31	MO	Altria Group INC	—	NEW	New buy
32	DPZ	Domino's Pizza INC	—	EXIT	Sold out
33	SRAD	Sportradar Group AG	—	EXIT	Sold out
34	WWD	Woodward INC	—	NEW	New buy
35	CRH	CRH plc	—	NEW	New buy
36	MA	Mastercard INC - A	—	NEW	New buy
37	URI	United Rentals INC	—	NEW	New buy
38	RTX	Rtx CORP	—	NEW	New buy
39	IQV	Iqvia Holdings INC	—	NEW	New buy
40	QGEN	Qiagen N.V.	—	EXIT	Sold out
41	CLX	Clorox Company	—	NEW	New buy
42	TMO	Thermo Fisher Scientific INC	—	NEW	New buy
43	BYD	Boyd Gaming CORP	—	NEW	New buy
44	ICLR	ICON Public Limited Company	—	EXIT	Sold out
45	OTIS	Otis Worldwide CORP	—	EXIT	Sold out
46	CRL	Charles River Laboratories	—	NEW	New buy
47	EL	Estee Lauder Companies-cl A	—	EXIT	Sold out
48	SPOT	Spotify Technology S.A.	—	NEW	New buy
49	NTRA	Natera INC	—	EXIT	Sold out
50	TEM	Tempus Ai Inc-cl A	—	NEW	New buy

FAQ

What is Ilex Capital Partners (UK) LLP and what type of investor is it?

Ilex Capital Partners (UK) LLP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $4.1B, spread across 77 disclosed positions.

What are Ilex Capital Partners (UK) LLP's largest equity positions?

Based on the latest 13F filing, Ilex Capital Partners (UK) LLP's top holdings by market value are: 1. Pepsico INC (PEP) — $246.6M (6.1%) 2. On Hldg AG — $224.1M (5.5%) 3. Procter & Gamble Co/the (PG) — $204.3M (5.0%) 4. Hilton Worldwide Holdings In (HLT) — $188.8M (4.7%) 5. Mcdonald's CORP (MCD) — $187.0M (4.6%)

What changes did Ilex Capital Partners (UK) LLP make in its most recent portfolio filing?

In the latest reported quarter, Ilex Capital Partners (UK) LLP made 50 notable position adjustments: 20 new positions were initiated, 11 existing holdings were added to, 4 positions were partially reduced, and 15 were completely exited. The largest of these moves: Sold out: Flutter Entertainment plc (FLUT); New buy: On Hldg AG; Sold out: Mccormick & Co-non Vtg Shrs (MKC); New buy: Procter & Gamble Co/the (PG); Sold out: Coca-cola Co/the (KO)

What sectors does Ilex Capital Partners (UK) LLP focus on?

Ilex Capital Partners (UK) LLP is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Staples: 29.0% • Health Care: 24.6% • Consumer Discretionary: 23.8% • Industrials: 9.3% • Financials: 4.7% • Communication Services: 3.1%