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Lingotto Investment Management LLP

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13F filer, CIK 1732768, London, United Kingdom

Lingotto Investment Management LLP reported $5,738,292,716 across 39 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-10. Its ten largest share positions make up 82.58% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000570

Period
2025-12-31
Reported value
$5.74B
Holdings
39
Top 10 weight
82.58%
New
7
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NOWadded+239,221$36.6M
NETnew+175,635$34.6M
PONYadded+1,727,620$25.1M
NVDAadded+131,307$24.5M
TEMadded+359,667$21.2M

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
HMYreduced-6,437,447-$128M
CVNAreduced-238,396-$101M
DKNGexited-160,967-$6.02M
UBERexited-53,700-$5.26M
TEVAreduced-166,022-$5.18M

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.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000570, largest first. % of portfolio is the value over $5,669,140,783, 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; 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; 2025Q4: 2,855,140 shares 2,855,140$1.2B21.25%-238,396Timeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 28,422,768 shares 28,422,768$887M15.65%-166,022Timeline
SKYDPARAMOUNT SKYDANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 47,088,625 shares; 2025Q4: 47,193,833 shares 47,193,833$632M11.16%+105,208Timeline
SBSWSIBANYE STILLWATER LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 28,430,409 shares 28,430,409$405M7.15%0Timeline
NGNOVAGOLD RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 35,196,788 shares 35,196,788$328M5.79%+84,820Timeline
VEONVEON LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,060,852 shares 6,060,852$319M5.62%+16,758Timeline
GDXJVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,602,894 shares 2,602,894$296M5.22%+20,157Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,216,694 shares 7,216,694$254M4.49%+16,220Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,719,176 shares 3,719,176$187M3.31%+8,247Timeline
AGFIRST MAJESTIC SILVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,046,918 shares 10,046,918$167M2.95%+24,228Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,158,163 shares 4,158,163$160M2.82%+8,992Timeline
HMYHARMONY GOLD MNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,897,286 shares 4,897,286$97.5M1.72%-6,437,447Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 578,660 shares; 2024Q4: 463,660 shares; 2025Q1: 383,660 shares; 2025Q2: 383,660 shares; 2025Q3: 383,660 shares; 2025Q4: 514,967 shares 514,967$96M1.69%+131,307Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,000 shares; 2024Q4: 185,000 shares; 2025Q1: 185,000 shares; 2025Q2: 205,000 shares; 2025Q3: 205,000 shares; 2025Q4: 274,878 shares 274,878$83.5M1.47%+69,878Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 933,859 shares; 2024Q4: 783,859 shares; 2025Q1: 783,859 shares; 2025Q2: 783,859 shares; 2025Q3: 783,859 shares; 2025Q4: 1,143,526 shares 1,143,526$67.5M1.19%+359,667Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,357 shares; 2024Q4: 76,357 shares; 2025Q1: 76,357 shares; 2025Q2: 76,357 shares; 2025Q3: 76,357 shares; 2025Q4: 107,756 shares 107,756$61M1.08%+31,399Timeline
PONYPONY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,107,512 shares 4,107,512$59.6M1.05%+1,727,620Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,104 shares; 2024Q4: 36,104 shares; 2025Q1: 36,104 shares; 2025Q2: 46,104 shares; 2025Q3: 46,104 shares; 2025Q4: 285,325 shares 285,325$43.7M0.77%+239,221Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,090 shares; 2024Q4: 90,526 shares; 2025Q1: 90,526 shares; 2025Q2: 73,009 shares; 2025Q3: 73,023 shares; 2025Q4: 88,837 shares 88,837$43M0.76%+15,814Timeline
JOBYJOBY AVIATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,138,240 shares 3,138,240$41.4M0.73%+799,260Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,014 shares; 2024Q4: 15,014 shares; 2025Q1: 15,014 shares; 2025Q2: 15,014 shares; 2025Q3: 15,014 shares; 2025Q4: 20,152 shares 20,152$40.6M0.72%+5,138Timeline
NETCLOUDFLARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 175,635 shares 175,635$34.6M0.61%newTimeline
AURAURORA INNOVATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 8,153,945 shares 8,153,945$31.3M0.55%+2,072,366Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,961 shares; 2024Q4: 88,961 shares; 2025Q1: 88,961 shares; 2025Q2: 43,961 shares; 2025Q3: 43,961 shares; 2025Q4: 58,804 shares 58,804$26.4M0.47%+14,843Timeline
RXRXRECURSION PHARMACEUTICALS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,931,057 shares 4,931,057$20.2M0.36%+1,255,980Timeline
MRNAMODERNA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,095 shares; 2024Q4: 373,095 shares; 2025Q1: 373,095 shares; 2025Q2: 373,095 shares; 2025Q3: 373,095 shares; 2025Q4: 498,693 shares 498,693$14.7M0.26%+125,598Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 128,000 shares; 2025Q1: 174,000 shares; 2025Q2: 204,800 shares; 2025Q3: 307,200 shares; 2025Q4: 307,200 shares 307,200$11.8M0.21%0Timeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,866 shares; 2024Q4: 35,221 shares; 2025Q1: 62,877 shares; 2025Q2: 62,877 shares; 2025Q3: 62,923 shares; 2025Q4: 62,923 shares 62,923$10.1M0.18%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,410 shares; 2024Q4: 42,410 shares; 2025Q1: 42,410 shares; 2025Q2: 42,410 shares; 2025Q3: 42,410 shares; 2025Q4: 42,410 shares 42,410$9.79M0.17%0Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 59,613 shares; 2025Q1: 59,613 shares; 2025Q2: 59,613 shares; 2025Q3: 59,761 shares; 2025Q4: 59,761 shares 59,761$7.46M0.13%0Timeline
DUOLDUOLINGO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares; 2025Q4: 33,563 shares 33,563$5.89M0.1%+8,563Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 242,100 shares; 2025Q3: not reported; 2025Q4: 299,900 shares 299,900$5.81M0.1%newTimeline
RUNSUNRUN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 243,500 shares 243,500$4.48M0.08%newTimeline
PRMBPRIMO BRANDS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 179,200 shares 179,200$2.93M0.05%newTimeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,000 shares; 2024Q4: 60,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 16,300 shares 16,300$2.64M0.05%newTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,100 shares 17,100$2.51M0.04%newTimeline
DNAGINKGO BIOWORKS HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,282 shares; 2024Q4: 250,282 shares; 2025Q1: 250,282 shares; 2025Q2: 250,282 shares; 2025Q3: 250,282 shares; 2025Q4: 250,282 shares 250,282$2.08M0.04%0Timeline
UUUUENERGY FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 96,900 shares 96,900$1.41M0.02%newTimeline

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$69.2M0

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
DKNGDRAFTKINGS INC NEW160,967$6.02Mshares
UBERUBER TECHNOLOGIES INC53,700$5.26Mshares
TLTISHARES TR55,000$4.92Mcall
BHVNBIOHAVEN LTD24,390$366Kshares

How Q4 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 0001172661-26-000570 base2026-02-10acceptance time not in the bulk data set