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Lingotto Investment Management LLP

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13F filer, CIK 1732768, London, United Kingdom

Lingotto Investment Management LLP reported $4,704,514,584 across 45 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 83.76% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-003216

Period
2025-06-30
Reported value
$4.7B
Holdings
45
Top 10 weight
83.76%
New
6
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PARAMOUNT GLOBALadded+5,207,778$67.2M
NGadded+13,180,065$53.9M
PONYadded+850,000$11.2M
NOWadded+10,000$10.3M
DUOLnew+25,000$10.3M

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
CVNAreduced-280,045-$94.4M
HMYreduced-2,943,939-$41.1M
PCORexited-325,000-$21.5M
TSLAreduced-45,000-$14.3M
MSFTreduced-17,517-$8.71M

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, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-003216, largest first. % of portfolio is the value over $4,650,416,133, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,929,935 shares; 2024Q4: 3,987,150 shares; 2025Q1: 4,045,296 shares; 2025Q2: 3,765,251 shares 3,765,251$1.27B27.28%-280,045Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,159,720 shares; 2024Q4: 44,753,299 shares; 2025Q1: 45,833,162 shares; 2025Q2: 51,040,940 shares 51,040,940$658M14.16%+5,207,778
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,503,526 shares; 2024Q4: 27,192,388 shares; 2025Q1: 27,853,943 shares; 2025Q2: 28,156,918 shares 28,156,918$472M10.15%+302,975Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,698,796 shares; 2024Q4: 6,864,038 shares; 2025Q1: 7,022,737 shares; 2025Q2: 7,161,614 shares 7,161,614$291M6.26%+138,877Timeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,580,724 shares; 2024Q4: 5,740,438 shares; 2025Q1: 5,887,007 shares; 2025Q2: 5,957,666 shares 5,957,666$274M5.9%+70,659Timeline
HMYHARMONY GOLD MNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,892,214 shares; 2024Q4: 20,892,214 shares; 2025Q1: 21,153,214 shares; 2025Q2: 18,209,275 shares 18,209,275$254M5.47%-2,943,939Timeline
SBSWSIBANYE STILLWATER LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,511,819 shares; 2024Q4: 27,798,014 shares; 2025Q1: 28,166,809 shares; 2025Q2: 28,430,409 shares 28,430,409$205M4.41%+263,600Timeline
GDXJVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,408,678 shares; 2024Q4: 2,468,267 shares; 2025Q1: 2,525,495 shares; 2025Q2: 2,575,680 shares 2,575,680$174M3.74%+50,185Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,549,787 shares; 2024Q4: 3,637,207 shares; 2025Q1: 3,617,321 shares; 2025Q2: 3,655,900 shares 3,655,900$154M3.31%+38,579Timeline
NGNOVAGOLD RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,199,418 shares; 2024Q4: 20,902,054 shares; 2025Q1: 21,722,889 shares; 2025Q2: 34,902,954 shares 34,902,954$143M3.07%+13,180,065Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,759,808 shares; 2024Q4: 3,965,064 shares; 2025Q1: 4,052,344 shares; 2025Q2: 4,128,645 shares 4,128,645$140M3%+76,301Timeline
AGFIRST MAJESTIC SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 9,750,519 shares; 2025Q2: 9,964,096 shares 9,964,096$82.4M1.77%+213,577Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,660 shares; 2024Q4: 463,660 shares; 2025Q1: 383,660 shares; 2025Q2: 383,660 shares 383,660$60.6M1.3%0Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 933,859 shares; 2024Q4: 783,859 shares; 2025Q1: 783,859 shares; 2025Q2: 783,859 shares 783,859$49.8M1.07%0Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,104 shares; 2024Q4: 36,104 shares; 2025Q1: 36,104 shares; 2025Q2: 46,104 shares 46,104$47.4M1.02%+10,000Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,000 shares; 2024Q4: 185,000 shares; 2025Q1: 185,000 shares; 2025Q2: 205,000 shares 205,000$46.4M1%+20,000Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,357 shares; 2024Q4: 76,357 shares; 2025Q1: 76,357 shares; 2025Q2: 76,357 shares 76,357$41.5M0.89%0Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,014 shares; 2024Q4: 15,014 shares; 2025Q1: 15,014 shares; 2025Q2: 15,014 shares 15,014$39.2M0.84%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,090 shares; 2024Q4: 90,526 shares; 2025Q1: 90,526 shares; 2025Q2: 73,009 shares 73,009$36.3M0.78%-17,517Timeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,200,000 shares; 2025Q1: 1,529,892 shares; 2025Q2: 2,379,892 shares 2,379,892$31.4M0.68%+850,000Timeline
JOBYJOBY AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,338,980 shares; 2024Q4: 2,338,980 shares; 2025Q1: 2,338,980 shares; 2025Q2: 2,338,980 shares 2,338,980$24.7M0.53%0Timeline
RXRXRECURSION PHARMACEUTICALS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,675,077 shares; 2024Q4: 3,675,077 shares; 2025Q1: 3,675,077 shares; 2025Q2: 3,675,077 shares 3,675,077$18.6M0.4%0Timeline
AURAURORA INNOVATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,750,000 shares; 2025Q2: 3,450,000 shares 3,450,000$18.1M0.39%+700,000Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,961 shares; 2024Q4: 88,961 shares; 2025Q1: 88,961 shares; 2025Q2: 43,961 shares 43,961$14M0.3%-45,000Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 128,000 shares; 2025Q1: 174,000 shares; 2025Q2: 204,800 shares 204,800$10.5M0.22%+30,800Timeline
MRNAMODERNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,095 shares; 2024Q4: 373,095 shares; 2025Q1: 373,095 shares; 2025Q2: 373,095 shares 373,095$10.3M0.22%0Timeline
DUOLDUOLINGO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares 25,000$10.3M0.22%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,410 shares; 2024Q4: 42,410 shares; 2025Q1: 42,410 shares; 2025Q2: 42,410 shares 42,410$9.3M0.2%0Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,866 shares; 2024Q4: 35,221 shares; 2025Q1: 62,877 shares; 2025Q2: 62,877 shares 62,877$8.78M0.19%0Timeline
SRADSPORTRADAR GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 151,669 shares; 2025Q1: 297,980 shares; 2025Q2: 297,980 shares 297,980$8.37M0.18%0Timeline
DKNGDRAFTKINGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,600 shares; 2025Q1: 130,067 shares; 2025Q2: 160,967 shares 160,967$6.9M0.15%+30,900Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 59,613 shares; 2025Q1: 59,613 shares; 2025Q2: 59,613 shares 59,613$5.47M0.12%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,113 shares; 2024Q4: 121,113 shares; 2025Q1: 68,013 shares; 2025Q2: 53,700 shares 53,700$5.01M0.11%-14,313Timeline
KKRKKR & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 37,600 shares 37,600$5M0.11%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,919 shares; 2024Q4: not reported; 2025Q1: 26,823 shares; 2025Q2: 26,845 shares 26,845$4.73M0.1%+22Timeline
LTHLIFE TIME GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 146,300 shares 146,300$4.44M0.1%newTimeline
OSCROSCAR HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 189,200 shares; 2025Q1: 379,116 shares; 2025Q2: 180,000 shares 180,000$3.86M0.08%-199,116Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 242,100 shares 242,100$3.43M0.07%newTimeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 11,100 shares; 2025Q1: 16,134 shares; 2025Q2: 16,134 shares 16,134$3.43M0.07%0Timeline
DNAGINKGO BIOWORKS HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,282 shares; 2024Q4: 250,282 shares; 2025Q1: 250,282 shares; 2025Q2: 250,282 shares 250,282$2.82M0.06%0Timeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,017 shares; 2024Q4: 52,212 shares; 2025Q1: 16,337 shares; 2025Q2: 16,337 shares 16,337$2.29M0.05%0Timeline
BHVNBIOHAVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,390 shares; 2025Q2: 24,390 shares 24,390$344K0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SLBSLB LIMITED COMcall1,391,770$47Mnew
TLTISHARES TR 20 YR TR BD ETFcall55,000$4.85Mnew
GOOGLALPHABET INC COMcall12,500$2.2M0

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
PCORPROCORE TECHNOLOGIES INC325,000$21.5Mshares
BNBROOKFIELD CORP145,645$7.63Mshares
TTDTHE TRADE DESK INC84,300$4.61Mshares
CPCANADIAN PACIFIC KANSAS CITY63,049$4.43Mshares
LNGCHENIERE ENERGY INC12,097$2.8Mshares
WSCWILLSCOT HLDGS CORP84,806$2.36Mshares

How Q2 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 0001172661-25-003216 base2025-08-13acceptance time not in the bulk data set