DOSSIER · 13F-HR · Q2 2026

Mondrian Investment Partners LTD

$6.5B in tracked AUM across 111 positions as of Q2 2026.

MI
CIK 0001317724 · last filed Jun 30, 2026
Total AUM
$6.5B
as of Q2 2026
Holdings
111
positions
Whale Score
67
67
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of Mondrian Investment Partners LTD (SEC 13F)
1. Portfolio Overview

Mondrian Investment Partners LTD manages a concentrated portfolio valued at approximately $2.81 billion as of the report date September 30, 2025. The portfolio experienced a growth of +5.0% from the previous quarter ($2.68B). The fund employs a focused strategy, holding only 44 positions, which indicates a high-conviction approach rather than broad indexing.

The portfolio is top-heavy, w...

2. Key Holdings

The portfolio is anchored by a mix of global pharmaceutical giants and US technology leaders, with a notable overweight in specific emerging market ADRs.

  • BSCH ADR (10.06%): This is the portfolio's largest holding at $282.85M. Despite a reduction of 29.2% during the quarter, it remains the dominant position, likely representing a major Spanish bank (Banco Santander). This indicates a strategic bet on the European or specific Latin American banking exposure this ADR provides.
  • Healthcare Dominance: The next two largest positions are GSK ($251.94M) and Sanofi ($171.74M). Combined with DuPont, Merck, HCA, and UnitedHealth, the fund shows a heavy bias toward healthcare, likely targeting value and dividends often found in large-cap pharma.
  • Technology & Communication: Alphabet (GOOGL) and Meta Platforms represent the core tech exposure. While GOOGL saw a reduction of 4.2%, it remains the third-largest holding at 6.95% of the portfolio.
  • Yum China (YUMC): A standout position in the top 5, YUMC comprises 5.67% of the portfolio. The manager aggressively increased this stake by 57.6% (adding $158.58M), signaling a high-conviction play on the Chinese consumer recovery.
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
YUMC
Yum China HK
$930M2.9M14.3%
02
LYG
Lloyds Bank ADR
$291M49.9M4.5%
03
SAN
BSCH ADR
$268M19.4M4.1%
04
GSK
GSK PLC ADR
$257M4.9M4.0%
05
SONY
Sony ADR
$245M12.3M3.8%
06
SNY
Sanofi ADR
$236M5.5M3.6%
07
BTI
BATS ADR
$227M3.7M3.5%
08
PHG
Philips ADR
$219M8.1M3.4%
09
GOOGL
Alphabet CL A
$192M537K3.0%
10
MSFT
Microsoft Corp
$192M514K3.0%

Filing history

2026Q2Jun 30
$6.5B 3.0%
111 positionsView →
2026Q1Mar 31
$6.7B 10.3%
103 positionsView →
2025Q4Dec 31
$6.1B 115.5%
103 positionsView →
2025Q3Sep 30
$2.8B 5.0%
44 positionsView →
2025Q1Mar 31
$2.7B 55.7%
43 positionsLocked
2024Q4Dec 31
$6.1B 8.4%
101 positionsLocked
2024Q3Sep 30
$6.6B 1.7%
102 positionsLocked
2024Q2Jun 30
$6.5B 10.7%
98 positionsLocked
2024Q1Mar 31
$7.3B 15.1%
100 positionsLocked
2023Q4Dec 31
$6.3B 30.3%
101 positionsLocked
2023Q3Sep 30
$4.9B 2.9%
92 positionsLocked
2023Q2Jun 30
$5.0B 10.4%
89 positionsLocked
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