Lancaster Investment Management

LONDON, X0 · CIK 1630064 · 13F filing filed 2026-07-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyLondon

$165.4m reported value -8.0% vs Q1 2026

9positions

100.0%in top 10

4 new 1 added 4 reduced 3 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($5.0k notional) – listed below, not included above.

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	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	3,781,791	$43.0m26.00%	26.00%	Reduced -473.4k	-473,398 -11.1%
2	ECHOSTAR CORP CL A ECHO	ECHO	393,009	$39.9m24.12%	24.12%	New
3	FLUTTER ENTMT PLC SHS FLUT	FLUT	326,109	$33.3m20.14%	20.14%	Reduced -29.9k	-29,875 -8.4%
4	MANCHESTER UTD PLC NEW ORD CL A MANU	MANU	1,036,114	$23.8m14.36%	14.36%	Added +60.1k	+60,065 6.2%
5	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	210,104	$10.5m6.36%	6.36%	New
6	BANCO MACRO SA SPON ADR B BMA	BMA	109,547	$10.1m6.13%	6.13%	New
7	LEVI STRAUSS & CO NEW CL A COM STK LEVI	LEVI	74,244	$1.8m1.11%	1.11%	New
8	DICKS SPORTING GOODS INC COM DKS	DKS	7,840	$1.8m1.07%	1.07%	Reduced -83.7k	-83,717 -91.4%
9	GREENLIGHT CAPITAL RE LTD CLASS A GLRE	GLRE	71,968	$1.2m0.70%	0.70%	Reduced -38.0k	-38,032 -34.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AUTOLIV INC ALV	ALV	280,039	$29.4m280.0k shares
ANHEUSER BUSCH INBEV SA/NV BUD	BUD	212,527	$14.7m212.5k shares
HDFC BANK LTD HDB	HDB	455,289	$11.3m455.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BROOKFIELD CORP BN · Put	BN	Put	11,031	$5.0k11.0k shares	Unchanged