Managers / Q4 2025 · view latest →
Palliser Capital (UK) Ltd
CIK 0001881490 · PALLISER HOUSE, PALLISER ROAD, LONDON, X0, W14 9EQ · 00442081591101
Summary
Palliser Capital (UK) Ltd reported $147M in U.S.-listed holdings across 5 positions for Q4 2025.
The portfolio is heavily concentrated: RIO alone accounts for 65.8% of reported value.
Compared with Q3 2025, the fund opened 2 new positions and exited 3.
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 · 65.8% · $97M
- Common Stock · 29.6% · $43M
- Other · 4.6% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BBARRICK MNG CORP | NEW | +476.3K | 476.3K | +$21M | $21M |
| GEOPARK LTD | NEW | +914.5K | 914.5K | +$7M | $7M |
| TECK/BTECK RESOURCES LTD | ADDED | +170.5K | 281.3K | +$9M | $13M |
| TRIPTRIPADVISOR INC | SOLD OUT | −1.24M | 0 | −$20M | $0 |
| EMSMART SH GLOBAL LTD | SOLD OUT | −10.08M | 0 | −$14M | $0 |
| KVUEKENVUE INC | SOLD OUT | −589.3K | 0 | −$10M | $0 |
| OGM1COGENT COMMUNICATIONS HLDGS | ADDED | +207.4K | 426.2K | +$799,464 | $9M |
| RIORIO TINTO PLC | HELD | +0 | 1.21M | +$17M | $97M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | RIORIO TINTO PLChistory → | SPONSORED ADR | 65.83% | $97M | 1.21M |
| 2 | BBARRICK MNG CORPhistory → | COM SHS | 14.13% | $21M | 476.3K |
| 3 | TECK/BTECK RESOURCES LTDhistory → | CL B | 9.17% | $13M | 281.3K |
| 4 | OGM1COGENT COMMUNICATIONS HLDGShistory → | COM NEW | 6.26% | $9M | 426.2K |
| 5 | GEOPARK LTD | USD SHS | 4.62% | $7M | 914.5K |
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 ↗.