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Trinity Street Asset Management LLP

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13F filer, CIK 1592579, LONDON, United Kingdom

Trinity Street Asset Management LLP reported $988,033,134 across 16 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-10. Its ten largest share positions make up 88.83% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001592579-25-000003

Period
2025-03-31
Reported value
$988M
Holdings
16
Top 10 weight
88.83%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CTSHnew+270,486$20.7M
AXTAnew+492,845$16.3M
INTUnew+19,643$12.1M
MSFTadded+25,855$9.71M
KBadded+86,737$4.69M

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
ABNBexited-187,762-$24.7M
HDBreduced-32,300-$2.15M
AMZNreduced-10,485-$1.99M
RYAAYreduced-33,100-$1.4M
TSMreduced-7,800-$1.29M

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, Q1 2025

Share positions as resolved from 13F-HR 0001592579-25-000003, largest first. % of portfolio is the value over $988,033,134, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,421,700 shares; 2024Q4: 3,674,300 shares; 2025Q1: 3,642,000 shares 3,642,000$242M24.49%-32,300Timeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,755,750 shares; 2024Q4: 3,980,848 shares; 2025Q1: 3,947,748 shares 3,947,748$167M16.93%-33,100Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 881,505 shares; 2024Q4: 947,805 shares; 2025Q1: 940,005 shares 940,005$156M15.79%-7,800Timeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 701,457 shares; 2024Q4: 839,765 shares; 2025Q1: 833,819 shares 833,819$146M14.77%-5,946Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,331 shares; 2024Q4: 62,200 shares; 2025Q1: 88,055 shares 88,055$33.1M3.35%+25,855Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180,137 shares; 2024Q4: 187,231 shares; 2025Q1: 186,601 shares 186,601$28.9M2.92%-630Timeline
CITHE CIGNA GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,411 shares; 2024Q4: 86,766 shares; 2025Q1: 86,478 shares 86,478$28.5M2.88%-288Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,491 shares; 2024Q4: 155,788 shares; 2025Q1: 145,303 shares 145,303$27.6M2.8%-10,485Timeline
NOCNORTHROP GRUMMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,581 shares; 2024Q4: 48,367 shares; 2025Q1: 48,206 shares 48,206$24.7M2.5%-161Timeline
CLHCLEAN HARBORS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,432 shares; 2024Q4: 110,040 shares; 2025Q1: 120,465 shares 120,465$23.7M2.4%+10,425Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,824,981 shares; 2024Q4: 1,898,129 shares; 2025Q1: 1,891,690 shares 1,891,690$23.2M2.35%-6,439Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 270,486 shares 270,486$20.7M2.09%newTimeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 158,035 shares; 2024Q4: 168,425 shares; 2025Q1: 167,867 shares 167,867$20.2M2.04%-558Timeline
KBKB FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253,663 shares; 2024Q4: 243,647 shares; 2025Q1: 330,384 shares 330,384$17.9M1.81%+86,737Timeline
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 492,845 shares 492,845$16.3M1.65%newTimeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,643 shares 19,643$12.1M1.22%newTimeline

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
ABNBAIRBNB INC187,762$24.7Mshares

How Q1 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 0001592579-25-000003 base2025-04-10acceptance time not in the bulk data set