Metropolis Capital Ltd

Metropolis Capital's $2.96B Q1 2026 13F is a concentrated, low-turnover book that still runs through a small cluster of platform businesses and financial infrastructure names. Microsoft leads at 14.7%, followed by Sunbelt Rentals' parent at 10.4%, Mastercard at 9.8%, State Street at 9.6%, Ryanair at 7.7%, Texas Instruments at 7.7%, News Corp A at 7.4%, Comcast at 7.4%, and TD SYNNEX at 7.3%. The quarter's clearest signal is selective recycling: the manager cut Texas Instruments, HCA, Crown, Taiwan Semiconductor, and State Street, exited Berkshire Hathaway entirely, then redeployed into a new $308M Sunbelt position and a smaller Disney entry. This is not a style change so much as a reshuffle inside the same quality-and-cash-flow mandate. The whaleScore of 74 reflects the scale of that concentrated core, not broad diversification.