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Livermore
Livermore
ZHEN

Palliser Capital (UK) Ltd

SEC CIK
0001881490
Latest filing
Aug 13, 2026

The latest 13F from Palliser Capital (UK) Ltd covers Q2 2026 (filed Aug 13, 2026): 23 long positions worth $186.0M. The top 10 holdings make up 89.1% of the portfolio, and the largest is Rio Tinto PLC (RIO) at 54.4%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
19
Est. +$72.6M
Added
2
Est. +$7.91M
Reduced
2
Est. −$1.76M
Sold out
1
Est. −$21.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. RIORio Tinto PLC
    54.4%$101.2MHistory
  2. HONAHoneywell Aerospace Inc.
    5.6%$10.4MHistory
  3. NSCNorfolk Southern Corp
    5.4%$10.1MHistory
  4. BIOBio-Rad Laboratories, Inc.
    4.4%$8.21MHistory
  5. WBDWarner Bros. Discovery, Inc.
    4.3%$7.92MHistory

Share of portfolio

Top 5 holdings and the other 18 positions, by share of portfolio value

  1. RIO54.4%
  2. HONA5.6%
  3. NSC5.4%
  4. BIO4.4%
  5. WBD4.3%
  6. Other 18 positions25.9%

Biggest buys

New and added positions, by estimated amount bought

  1. HONAHoneywell Aerospace Inc.
    +$10.4MNewHistory
  2. NSCNorfolk Southern Corp
    +$10.1MNewHistory
  3. BIOBio-Rad Laboratories, Inc.
    +$8.21MNewHistory
  4. WBDWarner Bros. Discovery, Inc.
    +$7.92MNewHistory
  5. FSKFS KKR Capital Corp
    +$5.54MNewHistory

Largest weight increases

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

  1. HONAHoneywell Aerospace Inc.
    +5.57 pp0.0% → 5.6%History
  2. NSCNorfolk Southern Corp
    +5.44 pp0.0% → 5.4%History
  3. BIOBio-Rad Laboratories, Inc.
    +4.41 pp0.0% → 4.4%History
  4. WBDWarner Bros. Discovery, Inc.
    +4.26 pp0.0% → 4.3%History
  5. FSKFS KKR Capital Corp
    +2.98 pp0.0% → 3.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BBarrick Mining Corp
    −$21.4MSold outHistory
  2. CCOICogent Communications Holdings, Inc.
    −$1.36MReducedHistory
  3. ROPRoper Technologies Inc
    −$398.3KReducedHistory

Largest weight decreases

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

  1. BBarrick Mining Corp
    −16.58 pp16.6% → 0.0%History
  2. CCOICogent Communications Holdings, Inc.
    −3.13 pp4.9% → 1.8%History
  3. ROPRoper Technologies Inc
    −0.97 pp2.2% → 1.3%History

Metrics

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

Portfolio value
$186.0M
+$57.2M (+44.4%) vs. prior quarter
Positions
23
+18 vs. prior quarter
Top 10 concentration
89.1%
Top 10 as share of value
Turnover
14.7%
Q2 2026, one quarter
Average holding period
6.5 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $186.0M (Q2 2026)

Q4 2021: $118.1MQ1 2022: $67.7MQ2 2022: $68.0MQ3 2022: $61.6MQ4 2022: $41.2MQ1 2023: $88.3MQ2 2023: $99.1MQ3 2023: $63.4MQ4 2023: $64.9MQ1 2024: $73.4MQ2 2024: $99.7MQ3 2024: $148.1MQ4 2024: $125.1MQ1 2025: $84.6MQ2 2025: $137.2MQ3 2025: $136.3MQ4 2025: $146.8MQ1 2026: $128.8MQ2 2026: $186.0M
Q4 2021Q2 2026
13F filings of Palliser Capital (UK) Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202623$186.0MRIOHONANSCvs. Q1 2026SEC
Q1 2026May 14, 20265$128.8MRIOBCCOIvs. Q4 2025SEC
Q4 2025Feb 13, 20265$146.8MRIOBTECKvs. Q3 2025SEC
Q3 2025Nov 14, 20256$136.3MRIOTRIPSmart SH Global Ltd ADSvs. Q2 2025SEC
Q2 2025Jul 29, 20255$137.2MRIOSKXTRIPvs. Q1 2025SEC
Q1 2025May 15, 20253$84.6MRIOSmart SH Global Ltd ADSIBITvs. Q4 2024SEC
Q4 2024Jan 14, 20256$125.1MRIOEDRLBRDKvs. Q3 2024SEC
Q3 2024Oct 28, 202411$148.1MLBRDKEDRRIOvs. Q2 2024SEC
Q2 2024Jul 15, 202410$99.7MRIOLBRDKACIvs. Q1 2024SEC
Q1 2024Apr 17, 202410$73.4MACILBRDKMTCHvs. Q4 2023SEC
Q4 2023Jan 8, 20246$64.9MACILBRDKCNNEvs. Q3 2023SEC
Q3 2023Oct 11, 20236$63.4MACILBRDKFOXvs. Q2 2023SEC
Q2 2023Jul 14, 20237$99.1MACICNNEVMWvs. Q1 2023SEC
Q1 2023Apr 14, 20237$88.3MACIATVICNNEvs. Q4 2022SEC
Q4 2022Jan 17, 20239$41.2MATVISJICNNEvs. Q3 2022SEC
Q3 2022Nov 10, 202210$61.6MYamana Gold IncATVISJIvs. Q2 2022SEC
Q2 2022Aug 1, 20229$68.0MFOXNLSNSJIvs. Q1 2022SEC
Q1 2022Apr 20, 20228$67.7M51JOB IncFOXZNGAvs. Q4 2021SEC
Q4 2021Feb 14, 20228$118.1MBHP Group LtdFOXXLNX–SEC