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Lingotto Investment Management LLP

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13F filer, CIK 1732768, London, United Kingdom

Lingotto Investment Management LLP reported $5,411,143,736 across 36 holdings for the quarter ended 2025-09-30, in a 13F-HR/A filed 2025-11-13. Its ten largest share positions make up 84.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001172661-25-004755

A NEW HOLDINGS amendment repeated most of the original and was read as a restatement (H3).

Period
2025-09-30
Reported value
$5.41B
Holdings
36
Top 10 weight
84.32%
New
1
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SKYDnew+47,088,625$891M
AURadded+2,631,579$14.2M
TEVAadded+431,872$8.72M
VEONadded+86,428$4.7M
APGadded+102,400$3.52M

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
PARAMOUNT GLOBALexited-51,040,940-$658M
CVNAreduced-671,715-$253M
HMYreduced-6,874,542-$125M
SRADexited-297,980-$8.37M
KKRexited-37,600-$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/A 0001172661-25-004755, largest first. % of portfolio is the value over $5,344,301,551, 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; 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; 2025Q3: 3,093,536 shares 3,093,536$1.17B21.84%-671,715Timeline
SKYDPARAMOUNT SKYDANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 47,088,625 shares 47,088,625$891M16.67%newTimeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 28,588,790 shares 28,588,790$577M10.81%+431,872Timeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 6,044,094 shares 6,044,094$329M6.16%+86,428Timeline
SBSWSIBANYE STILLWATER LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 28,430,409 shares 28,430,409$320M5.98%0Timeline
NGNOVAGOLD RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 35,111,968 shares 35,111,968$309M5.78%+209,014Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 7,200,474 shares 7,200,474$271M5.07%+38,860Timeline
GDXJVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,582,737 shares 2,582,737$256M4.79%+7,057Timeline
HMYHARMONY GOLD MNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 11,334,733 shares 11,334,733$206M3.85%-6,874,542Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 3,710,929 shares 3,710,929$181M3.39%+55,029Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 4,149,171 shares 4,149,171$143M2.67%+20,526Timeline
AGFIRST MAJESTIC SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 9,750,519 shares; 2025Q2: 9,964,096 shares; 2025Q3: 10,022,690 shares 10,022,690$123M2.3%+58,594Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,660 shares; 2024Q4: 463,660 shares; 2025Q1: 383,660 shares; 2025Q2: 383,660 shares; 2025Q3: 383,660 shares 383,660$71.6M1.34%0Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 933,859 shares; 2024Q4: 783,859 shares; 2025Q1: 783,859 shares; 2025Q2: 783,859 shares; 2025Q3: 783,859 shares 783,859$63.3M1.18%0Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,000 shares; 2024Q4: 185,000 shares; 2025Q1: 185,000 shares; 2025Q2: 205,000 shares; 2025Q3: 205,000 shares 205,000$57.3M1.07%0Timeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,200,000 shares; 2025Q1: 1,529,892 shares; 2025Q2: 2,379,892 shares; 2025Q3: 2,379,892 shares 2,379,892$53.5M1%0Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,104 shares; 2024Q4: 36,104 shares; 2025Q1: 36,104 shares; 2025Q2: 46,104 shares; 2025Q3: 46,104 shares 46,104$42.4M0.79%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,090 shares; 2024Q4: 90,526 shares; 2025Q1: 90,526 shares; 2025Q2: 73,009 shares; 2025Q3: 73,023 shares 73,023$37.8M0.71%+14Timeline
JOBYJOBY AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,338,980 shares 2,338,980$37.8M0.71%0Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,014 shares; 2024Q4: 15,014 shares; 2025Q1: 15,014 shares; 2025Q2: 15,014 shares; 2025Q3: 15,014 shares 15,014$35.1M0.66%0Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,357 shares; 2024Q4: 76,357 shares; 2025Q1: 76,357 shares; 2025Q2: 76,357 shares; 2025Q3: 76,357 shares 76,357$34.1M0.64%0Timeline
AURAURORA INNOVATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,750,000 shares; 2025Q2: 3,450,000 shares; 2025Q3: 6,081,579 shares 6,081,579$32.8M0.61%+2,631,579Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,961 shares; 2024Q4: 88,961 shares; 2025Q1: 88,961 shares; 2025Q2: 43,961 shares; 2025Q3: 43,961 shares 43,961$19.6M0.37%0Timeline
RXRXRECURSION PHARMACEUTICALS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 3,675,077 shares 3,675,077$17.9M0.34%0Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 128,000 shares; 2025Q1: 174,000 shares; 2025Q2: 204,800 shares; 2025Q3: 307,200 shares 307,200$10.6M0.2%+102,400Timeline
MRNAMODERNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,095 shares; 2024Q4: 373,095 shares; 2025Q1: 373,095 shares; 2025Q2: 373,095 shares; 2025Q3: 373,095 shares 373,095$9.64M0.18%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,410 shares; 2024Q4: 42,410 shares; 2025Q1: 42,410 shares; 2025Q2: 42,410 shares; 2025Q3: 42,410 shares 42,410$9.31M0.17%0Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,866 shares; 2024Q4: 35,221 shares; 2025Q1: 62,877 shares; 2025Q2: 62,877 shares; 2025Q3: 62,923 shares 62,923$8.93M0.17%+46Timeline
DUOLDUOLINGO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares 25,000$8.05M0.15%0Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 59,613 shares; 2025Q1: 59,613 shares; 2025Q2: 59,613 shares; 2025Q3: 59,761 shares 59,761$7.17M0.13%+148Timeline
DKNGDRAFTKINGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 75,600 shares; 2025Q1: 130,067 shares; 2025Q2: 160,967 shares; 2025Q3: 160,967 shares 160,967$6.02M0.11%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,113 shares; 2024Q4: 121,113 shares; 2025Q1: 68,013 shares; 2025Q2: 53,700 shares; 2025Q3: 53,700 shares 53,700$5.26M0.1%0Timeline
DNAGINKGO BIOWORKS HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,282 shares; 2024Q4: 250,282 shares; 2025Q1: 250,282 shares; 2025Q2: 250,282 shares; 2025Q3: 250,282 shares 250,282$3.65M0.07%0Timeline
BHVNBIOHAVEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,390 shares; 2025Q2: 24,390 shares; 2025Q3: 24,390 shares 24,390$366K0.01%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 COMcall1,801,770$61.9M+410,000
TLTISHARES TR 20 YR TR BD ETFcall55,000$4.92M0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
PARAMOUNT GLOBALPARAMOUNT GLOBAL51,040,940$658Mshares
SRADSPORTRADAR GROUP AG297,980$8.37Mshares
KKRKKR & CO INC37,600$5Mshares
GOOGLALPHABET INC26,845$4.73Mshares
LTHLIFE TIME GROUP HOLDINGS INC146,300$4.44Mshares
OSCROSCAR HEALTH INC180,000$3.86Mshares
RKTROCKET COS INC242,100$3.43Mshares
COFCAPITAL ONE FINL CORP16,134$3.43Mshares
CBRECBRE GROUP INC16,337$2.29Mshares
GOOGLALPHABET INC12,500$2.2Mcall

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 0001172661-25-004702 superseded2025-11-12acceptance time not in the bulk data set
13F-HR/A 0001172661-25-004755 basenew holdings2025-11-13acceptance time not in the bulk data set