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Immersion Capital LLP

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13F filer, CIK 1636441, LONDON, United Kingdom

Immersion Capital LLP reported $97,181,318 across 11 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 98.01% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001874761-25-000015

Period
2025-09-30
Reported value
$97.2M
Holdings
11
Top 10 weight
98.01%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ELVnew+10,100$3.26M
UNHnew+9,400$3.25M
HDBadded+83,205$2.84M
TBBBadded+43,800$1.18M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
RYAAYreduced-93,500-$5.63M
IWMexited-25,500-$5.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001874761-25-000015, largest first. % of portfolio is the value over $97,181,318, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: 29,281 shares; 2025Q1: 29,281 shares; 2025Q2: 17,543 shares; 2025Q3: 17,543 shares 17,543$20.5M21.05%0Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 50,900 shares; 2024Q3: 89,200 shares; 2024Q4: 65,200 shares; 2025Q1: 65,200 shares; 2025Q2: 50,911 shares; 2025Q3: 50,911 shares 50,911$17.4M17.88%0Timeline
HEI-AHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,882 shares; 2025Q2: 67,406 shares; 2025Q3: 67,406 shares 67,406$17.1M17.62%0Timeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 309,601 shares; 2024Q3: 879,752 shares; 2024Q4: 642,252 shares; 2025Q1: 642,252 shares; 2025Q2: 374,242 shares; 2025Q3: 280,742 shares 280,742$16.9M17.4%-93,500Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 297,305 shares; 2025Q2: 83,205 shares; 2025Q3: 166,410 shares 166,410$5.68M5.85%+83,205Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 108,034 shares; 2024Q3: 122,234 shares; 2024Q4: 89,234 shares; 2025Q1: 89,234 shares; 2025Q2: 53,634 shares; 2025Q3: 53,634 shares 53,634$5.06M5.2%0Timeline
BPBP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 224,076 shares; 2024Q3: 224,076 shares; 2024Q4: 163,576 shares; 2025Q1: 163,576 shares; 2025Q2: 98,176 shares; 2025Q3: 98,176 shares 98,176$3.38M3.48%0Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,100 shares 10,100$3.26M3.36%newTimeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,400 shares 9,400$3.25M3.34%newTimeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 195,774 shares; 2024Q3: 195,774 shares; 2024Q4: 142,974 shares; 2025Q1: 142,974 shares; 2025Q2: 85,874 shares; 2025Q3: 85,874 shares 85,874$2.74M2.82%0Timeline
TBBBBBB FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,500 shares; 2025Q2: 28,000 shares; 2025Q3: 71,800 shares 71,800$1.94M1.99%+43,800Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR25,500$5.5Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001874761-25-000015 base2025-11-14acceptance time not in the bulk data set