Lingotto Investment Management LLP
Lingotto Investment Management LLP, managed by Enrico Vellano, reported 30 positions worth $4.65B in its 2026 Q2 13F filing: 6 new and 9 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +48.4% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +21.8% | +11.4% |
| 2025 Q3 | +25.6% | +7.6% |
| 2025 Q4 | +6.1% | +3.1% |
| 2026 Q1 | -6.7% | -5.8% |
| 2026 Q2 | -2.0% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| TEVA | TEVA PHARMACEUTICAL INDS LTD | $684.58M | 14.70% | -27.2% |
| CVNA | CARVANA CO | $611.06M | 13.20% | -27.1% |
| MOH | MOLINA HEALTHCARE INC | $574.38M | 12.40% | NEW |
| SKYD | PARAMOUNT SKYDANCE CORP | $455.79M | 9.80% | NO CHANGE |
| RRC | RANGE RES CORP | $410.77M | 8.80% | +53.5% |
| VEON | VEON LTD | $274.89M | 5.90% | -12.9% |
| SLB | SLB LIMITED | $205.74M | 4.40% | -18.8% |
| NG | NOVAGOLD RESOURCES INC | $199.58M | 4.34% | NEW |
| VAL | VALARIS LTD | $175.07M | 3.80% | -34.9% |
| SBSW | SIBANYE STILLWATER LTD | $161.95M | 3.50% | -2.6% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $147.45M | 3.20% | +11.4% |
| NVDA | NVIDIA CORPORATION | $133.60M | 2.90% | +8.7% |
| AG | FIRST MAJESTIC SILVER CORP | $90.47M | 1.90% | -46.7% |
| TEM | TEMPUS AI INC | $82.02M | 1.80% | NO CHANGE |
| NET | CLOUDFLARE INC | $73.59M | 1.60% | NO CHANGE |
| AUR | AURORA INNOVATION INC | $66.31M | 1.40% | NO CHANGE |
| NBIS | NEBIUS GROUP N.V. | $56.80M | 1.20% | +59.5% |
| MRNA | MODERNA INC | $53.50M | 1.20% | NO CHANGE |
| MELI | MERCADOLIBRE INC | $40.81M | 0.88% | NO CHANGE |
| TSLA | TESLA INC | $29.46M | 0.63% | NO CHANGE |
| SSMR | SUNSHINE SILVER MNG & REFNG | $26.44M | 0.57% | NEW |
| JOBY | JOBY AVIATION INC | $21.45M | 0.46% | -35.7% |
| ISRG | INTUITIVE SURGICAL INC | $19.77M | 0.43% | -62.2% |
| FRVO | FERVO ENERGY CO | $14.69M | 0.32% | NEW |
| PONY | PONY AI INC | $12.63M | 0.27% | -45.3% |
| RXRX | RECURSION PHARMACEUTICALS IN | $8.10M | 0.17% | -62.5% |
| NVRI | ENVIRI CORP | $4.67M | 0.10% | NEW |
| DUOL | DUOLINGO INC | $4.61M | 0.10% | NO CHANGE |
| KLAR | KLARNA GROUP PLC | $3.82M | 0.08% | NEW |
| HMY | HARMONY GOLD MNG LTD | $2.46M | 0.05% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.