Managers / Q1 2019 · view latest →
Lancaster Investment Management
CIK 0001630064 · YALDING HOUSE, 152-156 GREAT PORTLAND STREET, LONDON, X0, W1W 6AJ · 011442078421049
Summary
Lancaster Investment Management reported $331M in U.S.-listed holdings across 11 positions for Q1 2019.
Its largest position, UBS, represents 18.8% of the portfolio.
Compared with Q4 2018, the fund opened 0 new positions and exited 2.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 97.0% · $321M
- Unit · 3.0% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2018 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LINDE PLC | SOLD OUT | −541.8K | 0 | −$85M | $0 |
| PRSPPERSPECTA INC | SOLD OUT | −523.7K | 0 | −$9M | $0 |
| ALVAUTOLIV INC | ADDED | +169.8K | 776.9K | +$14M | $57M |
| OPTUALTICE USA INC | TRIMMED | −243.4K | 1.38M | +$3M | $30M |
| AVAYA HLDGS CORP | ADDED | +320.1K | 2.48M | +$10M | $42M |
| KRPKIMBELL RTY PARTNERS LP | ADDED | +51.6K | 536.4K | +$3M | $10M |
| UBSUBS GROUP AG | ADDED | +463.1K | 5.14M | +$4M | $62M |
| CONSOL ENERGY INC NEW | ADDED | +53.4K | 703.7K | +$3M | $24M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | UBSUBS GROUP AGhistory → | SHS | 18.83% | $62M | 5.14M |
| 2 | ALVAUTOLIV INChistory → | COM | 17.28% | $57M | 776.9K |
| 3 | AVAYA HLDGS CORP | COM | 12.61% | $42M | 2.48M |
| 4 | OPTUALTICE USA INChistory → | CL A | 8.94% | $30M | 1.38M |
| 5 | CMCSACOMCAST CORP NEWhistory → | CL A | 8.40% | $28M | 694.3K |
| 6 | AERAERCAP HOLDINGS NVhistory → | SHS | 7.60% | $25M | 539.6K |
| 7 | CONSOL ENERGY INC NEW | COM | 7.29% | $24M | 703.7K |
| 8 | CHTRCHARTER COMMUNICATIONS INC Nhistory → | CL A | 5.79% | $19M | 55.2K |
| 9 | MEREDITH CORP | COM | 5.71% | $19M | 341.5K |
| 10 | GRAFTECH INTL LTD | COM | 4.59% | $15M | 1.19M |
| 11 | KRPKIMBELL RTY PARTNERS LPhistory → | UNIT | 2.96% | $10M | 536.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $182M | 9 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $195M | 8 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $233M | 8 | Oct 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $313M | 8 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $135M | 6 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $113M | 5 | Feb 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $160M | 7 | Nov 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $153M | 6 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $125M | 5 | May 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | Under review | 8 | Jan 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | Under review | 2 | Oct 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $94M | 3 | Jul 28, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $98M | 4 | Apr 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $71M | 4 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $59M | 4 | Oct 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $77M | 5 | Jul 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $85M | 5 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $77M | 5 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $42M | 5 | Oct 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $2M | 3 | Jul 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $28M | 1 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $43M | 2 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $68M | 14 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $142M | 13 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $239M | 10 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $339M | 12 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $294M | 11 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $331M | 11 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $371M | 13 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
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 ↗.