Trinity Street Asset Management LLP

Trinity Street Asset Management's $1.46B Q1 2026 13F is a high-conviction international and software-services portfolio where the top four positions account for 58% of the book. Taiwan Semiconductor leads at 20.9%, followed by Infosys (13.8%), Ryanair (13.7%), and HDFC Bank (13.2%). The manager added aggressively to Infosys (+45.5% shares) and HDFC Bank (+27.3% shares), launched a new $25.7M position in StandardAero aerospace, and exited CACI outright. Ryanair was trimmed 6.1% as the stock rallied, while Taiwan Semiconductor was reduced 6.9% in shares but increased in value due to price appreciation. ICON was the largest value loser despite a 12.7% share increase, as the stock declined sharply. The whaleScore of 74.75 reflects a concentrated active mandate across international markets, not U.S. mega-cap concentration.