Mondrian Investment Partners LTD

LONDON, X0 · CIK 1317724 · 13F filing filed 2026-07-30

SEC-registered investment adviser since 1990 · corporation

Assets managed$49.3bn
Staff133 · 43 in investment roles
Main clients (by assets)State and local governments 50%, Mutual funds and ETFs 19%, Private funds 16%
Private funds27 · $5.2bn gross assets
Websitemondrian.com
Form ADV · 2026-04-01SEC adviser record

Legal entityMONDRIAN INVESTMENT PARTNERS LIMITED (GB)

Kindinstitutions
Others nearbyLondon

As an employer

Offices in1 country
Private fundsother private 27

$6.5bn reported value -3.0% vs Q1 2026

111positions

47.2%in top 10

21 new 33 added 49 reduced 13 sold out vs Q1 2026

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $1.2m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	YUM CHINA HLDGS INC COM YUMC	YUMC	2,909,043	$929.7m14.34%	14.34%	Added +551.5k	+551,544 23.4%
2	LLOYDS BANKING GROUP PLC SPONSORED ADR LYG	LYG	49,945,225	$291.2m4.49%	4.49%	Reduced -1.9m	-1,924,355 -3.7%
3	BANCO SANTANDER S.A. ADR SAN	SAN	19,385,394	$267.5m4.13%	4.13%	Reduced -2.9m	-2,947,248 -13.2%
4	GSK PLC SPONSORED ADR GSK	GSK	4,910,830	$257.4m3.97%	3.97%	Reduced -76.6k	-76,563 -1.5%
5	SONY GROUP CORP SPONSORED ADR SONY	SONY	12,272,937	$245.5m3.79%	3.79%	Added +297.1k	+297,076 2.5%
6	SANOFI SPONSORED ADR SNY	SNY	5,522,564	$235.6m3.63%	3.63%	Added +482.5k	+482,499 9.6%
7	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	3,682,956	$227.5m3.51%	3.51%	Reduced -26.0k	-26,007 -0.7%
8	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	8,067,528	$219.4m3.38%	3.38%	Added +270.4k	+270,406 3.5%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	537,213	$192.0m2.96%	2.96%	Reduced -49.8k	-49,754 -8.5%
10	MICROSOFT CORP COM MSFT	MSFT	514,232	$191.8m2.96%	2.96%	Added +97.8k	+97,807 23.5%
11	MERCK & CO INC COM MRK	MRK	1,473,945	$189.4m2.92%	2.92%	Reduced -107.6k	-107,582 -6.8%
12	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	346,262	$173.6m2.68%	2.68%	Added +27.3k	+27,261 8.6%
13	SCHWAB CHARLES CORP COM SCHW	SCHW	1,858,141	$171.5m2.64%	2.64%	Added +140.8k	+140,763 8.2%
14	UNITEDHEALTH GROUP INC COM UNH	UNH	370,657	$154.1m2.38%	2.38%	Added +24.9k	+24,887 7.2%
15	TEXAS INSTRS INC COM TXN	TXN	515,330	$153.6m2.37%	2.37%	Reduced -249.8k	-249,755 -32.6%
16	BP PLC SPONSORED ADR BP	BP	4,081,768	$150.8m2.33%	2.33%	Reduced -517.6k	-517,617 -11.2%
17	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	8,977,218	$145.1m2.24%	2.24%	Reduced -2.1m	-2,127,590 -19.2%
18	PROLOGIS INC. COM PLD	PLD	1,033,598	$140.0m2.16%	2.16%	Added +90.0k	+89,986 9.5%
19	VALE S A SPONSORED ADS VALE	VALE	9,252,093	$139.2m2.15%	2.15%	Reduced -716.3k	-716,327 -7.2%
20	DOLLAR TREE INC COM DLTR	DLTR	1,144,955	$138.5m2.14%	2.14%	Added +130.3k	+130,286 12.8%
21	BANK AMERICA CORP COM BAC	BAC	2,414,918	$137.6m2.12%	2.12%	Added +274.8k	+274,815 12.8%
22	SHELL PLC SPON ADS SHEL	SHEL	1,617,230	$125.4m1.93%	1.93%	Added +6.8k	+6,832 0.4%
23	META PLATFORMS INC CL A META	META	209,858	$118.2m1.82%	1.82%	Added +27.8k	+27,822 15.3%
24	CDW CORP COM CDW	CDW	755,141	$106.2m1.64%	1.64%	Reduced -24.0k	-24,036 -3.1%
25	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	779,498	$105.7m1.63%	1.63%	New
26	SALESFORCE INC COM CRM	CRM	664,545	$104.1m1.61%	1.61%	Added +58.9k	+58,895 9.7%
27	WELLS FARGO CO NEW COM WFC	WFC	1,245,361	$102.9m1.59%	1.59%	Reduced -13.4k	-13,369 -1.1%
28	EXXON MOBIL CORP COM XOM	XOM	621,038	$84.9m1.31%	1.31%	Reduced -26.8k	-26,789 -4.1%
29	WORKDAY INC CL A WDAY	WDAY	652,660	$79.9m1.23%	1.23%	Added +38.3k	+38,302 6.2%
30	HDFC BANK LTD SPONSORED ADS HDB	HDB	3,027,118	$78.2m1.21%	1.21%	Added +686.5k	+686,499 29.3%
31	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	262,795	$76.4m1.18%	1.18%	Added +91.5k	+91,509 53.4%
32	SYSCO CORP COM SYY	SYY	903,011	$75.5m1.16%	1.16%	Reduced -922.5k	-922,503 -50.5%
33	PEPSICO INC COM PEP	PEP	546,759	$74.0m1.14%	1.14%	Reduced -80.7k	-80,736 -12.9%
34	FISERV INC COM FISV	FISV	1,198,040	$58.8m0.91%	0.91%	Added +218.5k	+218,498 22.3%
35	ISHARES TR MSCI EAFE ETF EFA	EFA	560,248	$58.2m0.90%	0.90%	Reduced -314.7k	-314,714 -36.0%
36	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	6,807,609	$55.3m0.85%	0.85%	Reduced -589.6k	-589,553 -8.0%
37	NNN REIT INC COM NNN	NNN	1,123,643	$52.3m0.81%	0.81%	Reduced -642.6k	-642,630 -36.4%
38	INFOSYS LTD SPONSORED ADR INFY	INFY	4,863,247	$51.0m0.79%	0.79%	Added +56.8k	+56,757 1.2%
39	BARRICK MNG CORP COM SHS B	B	1,318,821	$48.4m0.75%	0.75%	Added +226.4k	+226,389 20.7%
40	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	88,581	$42.3m0.65%	0.65%	Added +24.0k	+23,961 37.1%
41	KT CORP SPONSORED ADR KT	KT	2,442,234	$42.2m0.65%	0.65%	Reduced -221.0k	-220,966 -8.3%
42	CREDICORP LTD COM BAP	BAP	90,935	$35.4m0.55%	0.55%	Reduced -7.8k	-7,838 -7.9%
43	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	396,336	$34.3m0.53%	0.53%	Reduced -36.4k	-36,353 -8.4%
44	AMAZON COM INC COM AMZN	AMZN	134,841	$32.1m0.50%	0.50%	Added +25.0k	+24,985 22.7%
45	EMERSON ELEC CO COM EMR	EMR	178,784	$25.6m0.39%	0.39%	New
46	ZOETIS INC CL A ZTS	ZTS	251,708	$18.1m0.28%	0.28%	Added +244.8k	+244,782 3534.2%
47	MICRON TECHNOLOGY INC COM MU	MU	8,996	$10.4m0.16%	0.16%	Unchanged
48	QNITY ELECTRONICS INC COMMON STOCK Q	Q	37,378	$6.1m0.09%	0.09%	Unchanged
49	PRUDENTIAL PLC ADR PUK	PUK	102,721	$2.8m0.04%	0.04%	Added +58.4k	+58,445 132.0%
50	ISHARES TR MSCI SAUDI ARBIA KSA	KSA	55,845	$2.1m0.03%	0.03%	Reduced -56.4k	-56,406 -50.2%
51	EVERSOURCE ENERGY COM ES	ES	27,101	$2.0m0.03%	0.03%	Reduced -2.1k	-2,052 -7.0%
52	WATERS CORP COM WAT	WAT	4,575	$1.7m0.03%	0.03%	Reduced -156	-156 -3.3%
53	AMERICAN TOWER CORP NEW COM AMT	AMT	10,043	$1.6m0.03%	0.03%	Added +363	+363 3.8%
54	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	23,040	$1.6m0.03%	0.03%	Added +11.1k	+11,055 92.2%
55	KENVUE INC COM KVUE	KVUE	75,247	$1.4m0.02%	0.02%	Reduced -5.6m	-5,611,764 -98.7%
56	ISHARES INC MSCI STH KOR ETF EWY	EWY	7,109	$1.4m0.02%	0.02%	Reduced -274	-274 -3.7%
57	EDISON INTL COM EIX	EIX	18,360	$1.4m0.02%	0.02%	Reduced -2.0k	-1,985 -9.8%
58	LABCORP HOLDINGS INC COM SHS LH	LH	4,268	$1.2m0.02%	0.02%	Reduced -147	-147 -3.3%
59	SOLVENTUM CORP COM SHS SOLV	SOLV	15,486	$1.2m0.02%	0.02%	Added +795	+795 5.4%
60	MCDONALDS CORP COM MCD	MCD	4,287	$1.2m0.02%	0.02%	Added +582	+582 15.7%
61	CSX CORP COM CSX	CSX	20,954	$995.9k0.02%	0.02%	Reduced -19.4k	-19,408 -48.1%
62	EOG RES INC COM EOG	EOG	7,141	$926.4k0.01%	0.01%	Reduced -1.9k	-1,872 -20.8%
63	QUALCOMM INC COM QCOM	QCOM	4,881	$902.0k0.01%	0.01%	Reduced -1.6k	-1,571 -24.4%
64	BANK NEW YORK MELLON CORP COM BNY	BNY	5,960	$861.9k0.01%	0.01%	Reduced -555	-555 -8.5%
65	HONDA MOTOR LTD ADR ECH CNV IN 3 HMC	HMC	31,837	$859.6k0.01%	0.01%	Reduced -4.2m	-4,169,075 -99.2%
66	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	12,671	$571.7k0.01%	0.01%	Reduced -597	-597 -4.5%
67	NOVARTIS AG SPONSORED ADR NVS	NVS	3,273	$513.0k0.01%	0.01%	Added +920	+920 39.1%
68	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	13,385	$490.7k0.01%	0.01%	Reduced -598	-598 -4.3%
69	DOLLAR GEN CORP NEW COM DG	DG	4,095	$471.4k0.01%	0.01%	Unchanged
70	HCA HEALTHCARE INC COM HCA	HCA	1,089	$424.6k0.01%	0.01%	Reduced -443	-443 -28.9%
71	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	4,664	$390.6k0.01%	0.01%	Added +3.1k	+3,076 193.7%
72	SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD SHG	SHG	5,298	$335.1k0.01%	0.01%	Reduced -202	-202 -3.7%
73	ENEL CHILE S.A. SPONSORED ADR ENIC	ENIC	55,120	$248.0k0.00%	0.00%	Unchanged
74	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	2,255	$216.4k0.00%	0.00%	Reduced -231	-231 -9.3%
75	INVESCO EXCHANGE TRADED FD T S&P500 EQL STP RSPS	RSPS	7,085	$212.4k0.00%	0.00%	New
76	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	3,014	$179.9k0.00%	0.00%	Reduced -180	-180 -5.6%
77	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	1,368	$175.0k0.00%	0.00%	Reduced -54	-54 -3.8%
78	GRUPO AEROPUERTO DEL PACIFIC SPON ADS B PAC	PAC	678	$171.5k0.00%	0.00%	Reduced -12	-12 -1.7%
79	ISHARES TR US HLTHCR PR ETF IHF	IHF	2,973	$164.5k0.00%	0.00%	New
80	ISHARES TR MSCI UAE ETF UAE	UAE	8,428	$160.2k0.00%	0.00%	Reduced -226	-226 -2.6%
81	ICICI BANK LIMITED ADR IBN	IBN	5,409	$157.0k0.00%	0.00%	Added +21	+21 0.4%
82	NETEASE INC SPONSORED ADS NTES	NTES	1,198	$153.5k0.00%	0.00%	Reduced -50	-50 -4.0%
83	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	17,872	$146.0k0.00%	0.00%	Reduced -796	-796 -4.3%
84	P T TELEKOMUNIKASI INDONESIA SPONSORED ADR TLK	TLK	7,125	$95.7k0.00%	0.00%	Reduced -443	-443 -5.8%
85	BAIDU INC SPON ADR REP A BIDU	BIDU	812	$92.9k0.00%	0.00%	Reduced -59	-59 -6.8%
86	ISHARES TR EXPANDED TECH IGV	IGV	826	$74.8k0.00%	0.00%	New
87	SUN LIFE FINANCIAL INC. COM SLF	SLF	442	$49.2k0.00%	0.00%	New
88	MANULIFE FINL CORP COM MFC	MFC	831	$47.8k0.00%	0.00%	New
89	AUTOHOME INC SP ADS RP CL A ATHM	ATHM	2,413	$45.9k0.00%	0.00%	Unchanged
90	IMPERIAL OIL LTD COM NEW IMO	IMO	281	$44.8k0.00%	0.00%	New
91	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	3,833	$42.0k0.00%	0.00%	Unchanged
92	WPP PLC NEW ADR WPP	WPP	2,354	$36.5k0.00%	0.00%	Reduced -3.4m	-3,402,557 -99.9%
93	LAUREATE EDUCATION INC COMMON STOCK LAUR	LAUR	876	$31.8k0.00%	0.00%	Unchanged
94	VINCI PARTNERS INVTS LTD COM CL A VINP	VINP	2,807	$27.3k0.00%	0.00%	Unchanged
95	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	327	$26.9k0.00%	0.00%	New
96	ISHARES TR GLB CNS DISC ETF RXI	RXI	95	$18.4k0.00%	0.00%	New
97	VANGUARD WORLD FD FINANCIALS ETF VFH	VFH	111	$14.6k0.00%	0.00%	New
98	ENI S P A SPONSORED ADR E	E	308	$14.5k0.00%	0.00%	Added +83	+83 36.9%
99	INVESCO EXCHANGE TRADED FD T S&P500 EQL FIN RSPF	RSPF	177	$13.7k0.00%	0.00%	New
100	ISHARES TR GL TIMB FORE ETF WOOD	WOOD	195	$12.9k0.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DUPONT DE NEMOURS INC DWDP	DWDP	787,459	$108.2m787.5k shares
UBER TECHNOLOGIES INC UBER	UBER	4,725	$339.9k4.7k shares
SOUTH BOW CORP SOBO	SOBO	3,597	$166.5k3.6k shares
PROCTER AND GAMBLE CO PG	PG	1,089	$157.3k1.1k shares
CANADIAN NATL RY CO CNI	CNI	1,038	$148.6k1.0k shares
PFIZER INC PFE	PFE	4,360	$122.4k4.4k shares
UNILEVER PLC UL	UL	2,057	$117.2k2.1k shares
UNION PAC CORP UNP	UNP	455	$110.4k455 shares
NISOURCE INC NI	NI	2,355	$109.9k2.4k shares
CHENIERE ENERGY INC LNG	LNG	276	$78.3k276 shares
BANK NOVA SCOTIA HALIFAX BNS	BNS	473	$45.6k473 shares
B2GOLD CORP BTG	BTG	6,314	$39.9k6.3k shares
OPEN TEXT CORP OTEX	OTEX	587	$18.2k587 shares