SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Theleme Partners LLP

CIK 0001511881 · 65 CURZON STREET, LONDON, X0, W1J 8PE · 353 607-1800

Reported Value
$2.1B
Q2 2019
Positions
10
Filings on Record
33
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Theleme Partners LLP reported $2.1B in U.S.-listed holdings across 10 positions for Q2 2019.

The portfolio is heavily concentrated: WFC alone accounts for 23.7% of reported value.

Compared with Q1 2019, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+19.8%
vs prior filed quarter
Largest Position
+23.7%
Wells Fargo
New / Exited
3 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.0BQ4 ’18Q1 ’19: $1.7BQ2 ’19: $2.1BQ3 ’19: $2.2BQ4 ’19: $1.8BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $2.1BQ3 ’20: $2.2BQ4 ’20: $3.0BQ4 ’20Q1 ’21: $3.0BQ2 ’21: $3.4BQ3 ’21: $3.5BQ4 ’21: $6.0BQ4 ’21Q1 ’22: $6.0BQ2 ’22: $2.5BQ3 ’22: $2.1BQ4 ’22: $2.7BQ4 ’22Q1 ’23: $2.3BQ2 ’23: $2.2BQ3 ’23: $2.0BQ4 ’23: $2.1BQ4 ’23Q1 ’24: $2.0BQ2 ’24: $2.1BQ3 ’24: $1.7BQ4 ’24: $1.5BQ4 ’24Q1 ’25: $1.3BQ2 ’25: $1.6BQ3 ’25: $1.6BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 97.3%Other: 2.7%
  • Common Stock · 97.3% · $2.0B
  • Other · 2.7% · $56M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
URIUNITED RENTALS INCNEW+1.07M1.07M+$141M$141M
BABOEING CONEW+267.0K267.0K+$97M$97M
MODERNA INCNEW+3.85M3.85M+$56M$56M
KLACKLA-TENCOR CORPADDED+726.2K1.02M+$85M$120M
UTXZUNITED TECHNOLOGIES CORPSOLD OUT−953.0K0−$123M$0
MRNAMODERNA INCSOLD OUT−1.63M0−$33M$0
WFCWELLS FARGO CO NEWADDED+8.15M18.48M+$375M$874M
SCHWTHE CHARLES SCHWAB CORPORATITRIMMED−2.44M4.30M−$116M$173M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

9 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WFCWELLS FARGO CO NEWhistory →COM23.70%$489M10.33M
2BACBANK AMER CORPhistory →COM19.94%$411M14.18M
3SCHWTHE CHARLES SCHWAB CORPORATIhistory →COM8.38%$173M4.30M
4URIUNITED RENTALS INChistory →COM6.86%$141M1.07M
5KLACKLA-TENCOR CORPhistory →COM5.83%$120M1.02M
6AXPAMERICAN EXPRESS COhistory →COM5.44%$112M909.0K
7BABOEING COhistory →COM4.71%$97M267.0K
8MUMICRON TECHNOLOGY INChistory →COM3.67%$76M1.96M
9MODERNA INCCOM2.74%$56M3.85M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.5B10May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B10Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.6B11Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.6B11Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.3B13May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.5B12Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.7B12Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.1B10Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.0B10May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.1B12Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.0B11Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.2B10Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.3B11May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.7B11Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.1B10Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.5B12Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.0B10May 26, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$6.0B11Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.5B8Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.4B10Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.0B14May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.0B17Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.2B17Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.1B17Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B16May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.8B7Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.2B11Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.1B10Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.7B8May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.0B10Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Theleme Master Fund Ltd028-14311

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.