Managers / Q3 2025 · view latest →
Palliser Capital (UK) Ltd
CIK 0001881490 · PALLISER HOUSE, PALLISER ROAD, LONDON, X0, W14 9EQ · 00442081591101
Summary
Palliser Capital (UK) Ltd reported $136M in U.S.-listed holdings across 6 positions for Q3 2025.
The portfolio is heavily concentrated: RIO alone accounts for 58.5% of reported value.
Compared with Q2 2025, the fund opened 3 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. 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
- ADR · 68.5% · $93M
- Common Stock · 31.5% · $43M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KVUEKENVUE INC | NEW | +589.3K | 589.3K | +$10M | $10M |
| OGM1COGENT COMMUNICATIONS HLDGS | NEW | +218.8K | 218.8K | +$8M | $8M |
| TECK/BTECK RESOURCES LTD | NEW | +110.8K | 110.8K | +$5M | $5M |
| SKAASKECHERS U S A INC | SOLD OUT | −556.1K | 0 | −$35M | $0 |
| IBITISHARES BITCOIN TRUST ETF | SOLD OUT | −114.8K | 0 | −$7M | $0 |
| EMSMART SH GLOBAL LTD | ADDED | +2.71M | 10.08M | +$5M | $14M |
| RIORIO TINTO PLC | HELD | +233 | 1.21M | +$9M | $80M |
| TRIPTRIPADVISOR INC | HELD | +0 | 1.24M | +$4M | $20M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | RIORIO TINTO PLChistory → | SPONSORED ADR | 58.48% | $80M | 1.21M |
| 2 | TRIPTRIPADVISOR INChistory → | COM | 14.80% | $20M | 1.24M |
| 3 | EMSMART SH GLOBAL LTDhistory → | ADS | 9.98% | $14M | 10.08M |
| 4 | KVUEKENVUE INChistory → | COM | 7.02% | $10M | 589.3K |
| 5 | OGM1COGENT COMMUNICATIONS HLDGShistory → | COM NEW | 6.15% | $8M | 218.8K |
| 6 | TECK/BTECK RESOURCES LTDhistory → | CL B | 3.57% | $5M | 110.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $129M | 5 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $147M | 5 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $136M | 6 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $137M | 5 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $85M | 3 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $125M | 6 | Jan 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $148M | 11 | Oct 28, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $100M | 10 | Jul 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $73M | 10 | Apr 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $65M | 6 | Jan 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $63M | 6 | Oct 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $99M | 7 | Jul 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $88M | 7 | Apr 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $41M | 9 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $62M | 10 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $68M | 9 | Aug 1, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $68M | 8 | Apr 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $118M | 8 | Feb 14, 2022 | 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 ↗.