Lingotto Investment Management more than tripled its SLB stake to 15,421,698 shares and cut its Valaris stake by 97.7% in the three months through Sept. 30, 2026, according to its latest 13F, the quarterly holdings report big investment managers file with the Securities and Exchange Commission. The London-based firm filed it on Oct. 27, 2026.
Key points
Largest holding listed: SLB, worth $754.7 million at Sept. 30.
Among the cuts: Valaris, Pony AI ADRs, Intuitive Surgical and Carvana.
Among new positions listed: Mosaic, 13,333,365 shares worth $288.7 million.
No longer listed: Recursion Pharmaceuticals Class A.
How did Lingotto Investment Management change its SLB and Valaris stakes?
Changes in some of its holdings from June 30:
SLB: 15,421,698 shares, up 251.2% from 4,391,097. It also listed calls on 410,000 SLB shares at June 30, none at Sept. 30.
Valaris Class A: 56,491 shares, down 97.7% from 2,411,493.
Pony AI ADRs: 731,255, down 59.8% from 1,817,066.
Intuitive Surgical: 29,742 shares, down 40.2% from 49,717.
Carvana Class A: 7,992,419 shares, down 13.9% from 9,283,819.
Paramount Skydance Class B: 58,282,649 shares, up 26.5% from 46,061,363.
Recursion Pharmaceuticals Class A: 2,206,661 shares at June 30, not listed Sept. 30.
What are Lingotto Investment Management's largest listed holdings?
SLB was its largest listed holding at Sept. 30, worth $754,688,884, followed by Teva Pharmaceutical shares at $694,375,902 and Paramount Skydance Class B shares at $603,844,657. Its June 30 filing listed 20,205,943 Teva American depositary shares instead. The report's cover page lists 39 positions worth $5,740,904,894 in total, up from 32 positions worth $4,665,510,258 at June 30.
A 13F has limits. It shows long positions in U.S.-listed stocks and certain other securities, not short bets, and managers have up to 45 days after the quarter ends to file, according to SEC guidance. Lingotto's holdings may have changed since Sept. 30.
To weigh a fund's moves against your own stocks, research a holding in context with Silvia.
What to watch
Feb. 16, 2027: Lingotto's next 13F, covering holdings at Dec. 31, 2026, is due. The 45th day falls on a Sunday and Feb. 15 is a federal holiday, so the deadline moves to the next business day.
Sources: Lingotto Investment Management LLP, Form 13F information table, Sept. 30, 2026, Form 13F cover page, Sept. 30, 2026, filing index, Oct. 27, 2026, Form 13F information table, June 30, 2026, Form 13F cover page, June 30, 2026 and filing index, July 29, 2026; SEC, Frequently Asked Questions About Form 13F; Office of Personnel Management, federal holidays, 2027. Share and percentage changes calculated by Silvia News.
Silvia News is for information only and is not investment advice.
