Latest Immersion Capital LLP Stock Portfolio

Immersion Capital LLP Performance:

2025 Q4: 2.58%YTD: 6.84%2024: -13.74%

Performance for 2025 Q4 is 2.58%, and YTD is 6.84%, and 2024 is -13.74%.

About Immersion Capital LLP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Immersion Capital LLP reported an equity portfolio of $69.1 Millions as of 31 Dec, 2025.

The top stock holdings of Immersion Capital LLP are , V, HEI. The fund has invested 19.6% of it's portfolio in BLACKROCK INC and 18.6% of portfolio in VISA INC .

The fund managers got completely rid off HDFC BANK LTD (HDB) stocks. They significantly reduced their stock positions in RYANAIR HOLDINGS PLC (RYAAY), BLACKROCK INC and VISA INC (V). The fund showed a lot of confidence in some stocks as they added substantially to ELEVANCE HEALTH INC FORMERLY (ANTX) and UNITEDHEALTH GROUP INC (UNH).

Immersion Capital LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Immersion Capital LLP made a return of 2.58% in the last quarter. In trailing 12 months, it's portfolio return was 6.84%.

Performance
S&P 500

New Buys

No new stocks were added by Immersion Capital LLP

Additions

Ticker	% Inc.
elevance health inc formerly	42.57
unitedhealth group inc	31.28

Additions to existing portfolio by Immersion Capital LLP

Reductions

Ticker	% Reduced
ryanair holdings plc	-44.45
blackrock inc	-27.99
bbb foods inc	-27.99
canadian natl ry co	-27.97
visa inc	-27.97
canadian nat res ltd	-27.95
heico corp new	-27.95
bp plc	-27.91

Immersion Capital LLP reduced stake in above stock

Sold off

Ticker	$ Sold
hdfc bank ltd	-5,684,570

Immersion Capital LLP got rid off the above stocks

Sector Distribution

Immersion Capital LLP has about 50.5% of it's holdings in Others sector.

Sector	%
Others	50.5
Financial Services	18.6
Industrials	17.7
Healthcare	13.2

Market Cap. Distribution

Immersion Capital LLP has about 42.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	50.5
MEGA-CAP	24.5
LARGE-CAP	17.7
NANO-CAP	7.3

Stocks belong to which Index?

About 24.5% of the stocks held by Immersion Capital LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	75.5
S&P 500	24.5

Top 5 Winners (%)		%
	bbb foods inc	20.5 %
RYAAY	ryanair holdings plc	15.5 %
ANTX	elevance health inc formerly	7.1 %
CNQ	canadian nat res ltd	5.1 %
CNI	canadian natl ry co	4.2 %

Top 5 Winners ($)		$
RYAAY	ryanair holdings plc	2.6 M
V	visa inc	0.4 M
	bbb foods inc	0.4 M
ANTX	elevance health inc formerly	0.3 M
CNI	canadian natl ry co	0.2 M

Top 5 Losers (%)		%
	blackrock inc	-7.0 %
UNH	unitedhealth group inc	-3.9 %
HEI	heico corp new	-0.6 %

Top 5 Losers ($)		$
	blackrock inc	-1.4 M
UNH	unitedhealth group inc	-0.2 M
HEI	heico corp new	-0.1 M

Immersion Capital LLP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Immersion Capital LLP

Immersion Capital LLP has 10 stocks in it's portfolio. proved to be the most loss making stock for the portfolio. RYAAY was the most profitable stock for Immersion Capital LLP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ANTX	elevance health inc formerly	7.30	14,400	5,047,920	added	42.57

BP	bp plc	3.56	70,776	2,458,050	reduced	-27.91

CNI	canadian natl ry co	5.53	38,634	3,818,970	reduced	-27.97

CNQ	canadian nat res ltd	3.03	61,874	2,094,440	reduced	-27.95

HDB	hdfc bank ltd	0.00	0.00	0.00	sold off	-100

HEI	heico corp new	17.74	48,566	12,259,500	reduced	-27.95

RYAAY	ryanair holdings plc	16.29	155,942	11,257,500	reduced	-44.45

UNH	unitedhealth group inc	5.89	12,340	4,073,560	added	31.28

V	visa inc	18.61	36,671	12,860,900	reduced	-27.97

	blackrock inc	19.56	12,633	13,521,600	reduced	-27.99

	bbb foods inc	2.50	51,700	1,726,260	reduced	-27.99