Lancaster Investment Management reported 8 positions worth $136.31M for the quarter ended Sep 30, 2026, down 17.6% on the prior quarter. It opened 1 new position, added to 2, trimmed 4 and exited 2. Its largest holding is Liberty Global Ltd. at 39.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| FLUT Flutter Entertainment plc | -326.1K | -100.0% | $33.32M | Exited |
| GGAL Grupo Financiero Galicia Sa | -39.1K | -18.6% | $1.46M | 4.67% |
| GLRE Greenlight Capital Re, Ltd. | -72.0K | -100.0% | $1.16M | Exited |
| BMA Macro Bank Inc. | -3,777 | -3.4% | $1.07M | 22.04% |
| LBTYA Liberty Global Ltd. | -21.0K | -0.6% | $297.22K | 39.14% |
| LEVI Levi Strauss & Co | -4,735 | -6.4% | $93.26K | 1% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| RIG Transocean Ltd. | +2.98M | $15.62M | 11.46% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | LBTYA Liberty Global Ltd. | Communication Services | 3.76M | $53.35M | 39.14% | -21.0K | -0.6% | Reduced | 2.2% |
| 2 | BMA Macro Bank Inc. | Financial Services | 105.8K | $30.04M | 22.04% | -3,777 | -3.4% | Reduced | 0.13% |
| 3 | RIG Transocean Ltd. | Energy | 2.98M | $15.62M | 11.46% | +2.98M | – | New | 0.27% |
| 4 | ECHO EchoStar CORP | Communication Services | 465.6K | $14.16M | 10.39% | +72.6K | +18.5% | Added | 0.16% |
| 5 | DKS Dick'S Sporting Goods, Inc. | Consumer Discretionary | 7,840 | $13.86M | 10.17% | 0 | 0.0% | Unchanged | 0.01% |
| 6 | GGAL Grupo Financiero Galicia Sa | Financial Services | 171.0K | $6.37M | 4.67% | -39.1K | -18.6% | Reduced | 0.01% |
| 7 | MANU Manchester United plc | Consumer Discretionary | 1.04M | $1.54M | 1.13% | +1,414 | +0.1% | Added | 0.6% |
| 8 | LEVI Levi Strauss & Co | Consumer Discretionary | 69.5K | $1.37M | 1% | -4,735 | -6.4% | Reduced | 0.02% |
Tip. Select a row to see that position’s full history at Lancaster Investment Management.
As of its Q3 2026 13F filing, Lancaster Investment Management’s five largest positions were Liberty Global Ltd. (LBTYA) at 39.1%, Macro Bank Inc. (BMA) at 22.0%, Transocean Ltd. (RIG) at 11.5%, EchoStar CORP (ECHO) at 10.4%, Dick'S Sporting Goods, Inc. (DKS) at 10.2% of the reported portfolio.
Lancaster Investment Management reported a 13F portfolio worth $136.31M across 8 positions for Q3 2026. That is down 17.6% from the previous quarter.
Its largest purchases by value were Transocean Ltd. ($15.62M), EchoStar CORP ($2.21M), Manchester United plc ($2.10K). It opened 1 new positions.
Its largest sales by value were Flutter Entertainment plc ($33.32M), Grupo Financiero Galicia Sa ($1.46M), Greenlight Capital Re, Ltd. ($1.16M). It exited 2 positions entirely.
From the Form 13F-HR reports Lancaster Investment Management files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.