Mondrian Investment Partners reported a new $158.7 million stake in Haleon's U.S.-traded shares and cut its Merck stake by 60.4% 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. 23, 2026.
Key points
Largest new position: Haleon American depositary receipts worth $158.7 million.
Among the cuts: Merck, Thermo Fisher Scientific, Charles Schwab, Bank of America and Yum China.
Positions listed: 136, up from 111 at June 30.
Which stakes did Mondrian add and cut?
Changes in some of its holdings from June 30:
Haleon: 17,637,434 American depositary receipts, the U.S.-traded form of its shares, worth $158,736,908. Mondrian reported no Haleon stake on June 30.
Merck: 584,046 shares worth $84,867,724, down from 1,473,945. That's 889,899 fewer shares.
Thermo Fisher Scientific: 157,456 shares, down 54.5% from 346,262.
Charles Schwab: 981,824 shares, down 47.2% from 1,858,141.
Bank of America: 1,296,153 shares, down 46.3% from 2,414,918.
Mondrian held 2,707,507 Yum China shares at Sept. 30, down 201,536, or 6.9%, from June 30.
How many positions does Mondrian's 13F list?
The report's cover page lists 136 positions at Sept. 30, up from 111 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. Mondrian'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: Mondrian'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: Mondrian Investment Partners Ltd, Form 13F information table, Sept. 30, 2026, Form 13F cover page, Sept. 30, 2026, filing index, Oct. 23, 2026, Form 13F information table, June 30, 2026, Form 13F cover page, June 30, 2026 and filing index, July 30, 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.
