Q4 2025 · 13F-HR
Immersion Capital LLPholdings as filed
Filed 2026-02-17 · accession 0001636441-26-000001
$69.1M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Immersion Capital LLP · Q4 2025
AI · grounded in 13F
Immersion Capital LLP closed its position in HDB, reducing its holdings by $5.68M. The fund trimmed several other stakes, including a 44.45% reduction in RYAAY and a 27.99% decrease in BLK. Conversely, the fund accumulated shares in ELV by 42.57% and UNH by 31.28%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 09290D101 | BLK | BLACKROCK INC | $13.5M | 19.6% | 12,633 | Common | SOLE |
| 92826C839 | V | VISA INC | $12.9M | 18.6% | 36,671 | Common | SOLE |
| 422806208 | HEI/A | HEICO CORP NEW | $12.3M | 17.7% | 48,566 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $11.3M | 16.3% | 155,942 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $5.0M | 7.30% | 14,400 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $4.1M | 5.89% | 12,340 | Common | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $3.8M | 5.53% | 38,634 | Common | SOLE |
| 055622104 | BP | BP PLC | $2.5M | 3.56% | 70,776 | Common | SOLE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $2.1M | 3.03% | 61,874 | Common | SOLE |
| G0896C103 | TBBB | BBB FOODS INC | $1.7M | 2.50% | 51,700 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.