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Livermore
Livermore
ZHEN

Metropolis Capital Ltd

SEC CIK
0001765388
Latest filing
Jul 22, 2026

The latest 13F from Metropolis Capital Ltd covers Q2 2026 (filed Jul 22, 2026): 16 long positions worth $3.45B. The top 10 holdings make up 87.6% of the portfolio, and the largest is Microsoft Corp (MSFT) at 14.0%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
11
Est. +$776.8M
Reduced
5
Est. −$626.0M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    14.0%$482.5MHistory
  2. HCAHCA Healthcare, Inc.
    12.5%$430.9MHistory
  3. BKNGBooking Holdings Inc.
    11.2%$384.8MHistory
  4. MAMastercard Inc
    10.4%$358.3MHistory
  5. CMCSAComcast Corp
    7.8%$267.5MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. HCAHCA Healthcare, Inc.
    +$285.0MAddedHistory
  2. DISWalt Disney Co
    +$186.2MAddedHistory
  3. MAMastercard Inc
    +$67.5MAddedHistory
  4. CMCSAComcast Corp
    +$49.6MAddedHistory
  5. CCKCrown Holdings, Inc.
    +$47.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BKNGBooking Holdings Inc.
    +10.68 pp0.5% → 11.2%History
  2. HCAHCA Healthcare, Inc.
    +7.57 pp4.9% → 12.5%History
  3. DISWalt Disney Co
    +5.25 pp1.0% → 6.3%History
  4. CCKCrown Holdings, Inc.
    +0.97 pp2.8% → 3.8%History
  5. MAMastercard Inc
    +0.57 pp9.8% → 10.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TXNTexas Instruments Inc
    −$186.7MReducedHistory
  2. SNXTD Synnex Corp
    −$154.9MReducedHistory
  3. STTState Street Corp
    −$111.1MReducedHistory
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$87.1MReducedHistory
  5. SUNBSunbelt Rentals Holdings, Inc.
    −$86.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TXNTexas Instruments Inc
    −6.50 pp7.7% → 1.2%History
  2. SNXTD Synnex Corp
    −5.52 pp7.3% → 1.8%History
  3. STTState Street Corp
    −4.58 pp9.6% → 5.0%History
  4. SUNBSunbelt Rentals Holdings, Inc.
    −3.97 pp10.4% → 6.4%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −3.08 pp3.9% → 0.9%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.45B
+$487.2M (+16.5%) vs. prior quarter
Positions
16
0 vs. prior quarter
Top 10 concentration
87.6%
Top 10 as share of value
Turnover
19.5%
Q2 2026, one quarter
Average holding period
15.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.45B (Q2 2026)

Q1 2021: $1.16BQ2 2021: $1.59BQ3 2021: $1.70BQ4 2021: $1.75BQ1 2022: $1.64BQ2 2022: $1.88BQ3 2022: $1.69BQ4 2022: $2.05BQ1 2023: $2.38BQ2 2023: $2.61BQ3 2023: $2.54BQ4 2023: $2.70BQ1 2024: $2.79BQ2 2024: $2.73BQ3 2024: $2.89BQ4 2024: $2.85BQ1 2025: $2.69BQ2 2025: $3.15BQ3 2025: $3.18BQ4 2025: $3.13BQ1 2026: $2.96BQ2 2026: $3.45B
Q1 2021Q2 2026
13F filings of Metropolis Capital Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202616$3.45BMSFTHCABKNGvs. Q1 2026SEC
Q1 2026Apr 22, 202616$2.96BMSFTSUNBMAvs. Q4 2025SEC
Q4 2025Jan 21, 202615$3.13BMSFTTXNSTTvs. Q3 2025SEC
Q3 2025Oct 20, 202516$3.18BSTTMSFTHCAvs. Q2 2025SEC
Q2 2025Jul 21, 202517$3.15BSTTMSFTTXNvs. Q1 2025SEC
Q1 2025Apr 16, 202515$2.69BMSFTSTTTXNvs. Q4 2024SEC
Q4 2024Jan 21, 202514$2.85BSTTMSFTCMCSAvs. Q3 2024SEC
Q3 2024Oct 22, 202416$2.89BSTTCMCSAVvs. Q2 2024SEC
Q2 2024Jul 22, 202417$2.73BCMCSASTTGOOGLvs. Q1 2024SEC
Q1 2024Apr 12, 202416$2.79BGOOGLTXNSTTvs. Q4 2023SEC
Q4 2023Jan 5, 202416$2.70BTXNGOOGLSTTvs. Q3 2023SEC
Q3 2023Oct 11, 202316$2.54BGOOGLTXNBRK.Bvs. Q2 2023SEC
Q2 2023Jul 7, 202316$2.61BGOOGLBRK.BTXNvs. Q1 2023SEC
Q1 2023Apr 14, 202315$2.38BGOOGLMSFTSTTvs. Q4 2022SEC
Q4 2022Jan 17, 2023Amended15$2.05BGOOGLSTTBKNGvs. Q3 2022SEC
Q3 2022Oct 11, 202215$1.69BGOOGLSTTVvs. Q2 2022SEC
Q2 2022Jul 13, 202215$1.88BGOOGLVSTTvs. Q1 2022SEC
Q1 2022Apr 8, 202215$1.64BGOOGLVSTTvs. Q4 2021SEC
Q4 2021Jan 13, 202215$1.75BBRK.BGOOGLVvs. Q3 2021SEC
Q3 2021Oct 7, 202115$1.70BGOOGLVBRK.Bvs. Q2 2021SEC
Q2 2021Jul 9, 202114$1.59BVGOOGLBRK.Bvs. Q1 2021SEC
Q1 2021Apr 8, 202114$1.16BBRK.BGOOGLV–SEC