Ilex Capital Partners (UK) LLP

London, X0 · CIK 1985486 · 13F filing filed 2025-08-14

Exempt reporting adviser since 2023 · limited liability partnership

Private funds1 (1 hedge) · $7.0bn gross assets
Websiteilexcapital.com
Form ADV · 2026-05-21SEC adviser record

Legal entityILEX CAPITAL PARTNERS (UK) LLP (GB)

$3.0bn reported value +23.5% vs Q1 2025

156positions

48.4%in top 10

86 new 19 added 51 reduced 119 sold out vs Q1 2025

Holdings, Q2 2025

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	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	2,883,611	$212.1m7.02%	7.02%	New
2	SMUCKER J M CO COM NEW SJM	SJM	2,033,615	$199.7m6.61%	6.61%	Added +481.7k	+481,660 31.0%
3	FLUTTER ENTMT PLC SHS FLUT	FLUT	673,715	$192.5m6.37%	6.37%	Added +102.2k	+102,185 17.9%
4	MONDELEZ INTL INC CL A MDLZ	MDLZ	2,348,096	$158.4m5.24%	5.24%	Added +1.2m	+1,231,164 110.2%
5	KEURIG DR PEPPER INC COM KDP	KDP	4,533,660	$149.9m4.96%	4.96%	Added +2.8m	+2,831,078 166.3%
6	DUPONT DE NEMOURS INC COM DWDP	DWDP	2,043,299	$140.1m4.64%	4.64%	Added +1.3m	+1,302,341 175.8%
7	PROCTER AND GAMBLE CO COM PG	PG	693,377	$110.5m3.66%	3.66%	New
8	ELEMENT SOLUTIONS INC COM ESI	ESI	4,656,299	$105.5m3.49%	3.49%	Added +1.8m	+1,777,265 61.7%
9	AGILENT TECHNOLOGIES INC COM A	A	819,290	$96.7m3.20%	3.20%	New
10	FERRARI N V COM RACE	RACE	197,347	$96.4m3.19%	3.19%	Added +2.9k	+2,873 1.5%
11	LINDE PLC SHS LIN	LIN	182,428	$85.6m2.83%	2.83%	New
12	AT&T INC COM T	T	2,598,728	$75.2m2.49%	2.49%	New
13	BUNGE GLOBAL SA COM SHS BG	BG	891,673	$71.6m2.37%	2.37%	Added +707.3k	+707,336 383.7%
14	RPM INTL INC COM RPM	RPM	581,318	$63.9m2.11%	2.11%	Reduced -99.9k	-99,871 -14.7%
15	COLGATE PALMOLIVE CO COM CL	CL	686,136	$62.4m2.06%	2.06%	New
16	AXALTA COATING SYS LTD COM AXTA	AXTA	2,040,129	$60.6m2.00%	2.00%	New
17	PHILIP MORRIS INTL INC COM PM	PM	315,023	$57.4m1.90%	1.90%	Added +12.2k	+12,238 4.0%
18	NIKE INC CL B NKE	NKE	795,425	$56.5m1.87%	1.87%	Added +763.1k	+763,100 2360.7%
19	CELSIUS HLDGS INC COM NEW CELH	CELH	1,206,434	$56.0m1.85%	1.85%	New
20	STRYKER CORPORATION COM SYK	SYK	133,652	$52.9m1.75%	1.75%	New
21	FMC CORP COM NEW FMC	FMC	1,261,784	$52.7m1.74%	1.74%	New
22	ALCON AG ORD SHS ALC	ALC	594,610	$52.4m1.74%	1.74%	New
23	ARAMARK COM ARMK	ARMK	1,245,322	$52.1m1.73%	1.73%	New
24	OLIN CORP COM PAR $1 OLN	OLN	2,512,489	$50.5m1.67%	1.67%	New
25	CROWN CASTLE INC COM CCI	CCI	436,665	$44.9m1.48%	1.48%	Reduced -218.4k	-218,390 -33.3%
26	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	604,102	$44.7m1.48%	1.48%	New
27	EASTMAN CHEM CO COM EMN	EMN	569,879	$42.5m1.41%	1.41%	New
28	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	134,612	$40.2m1.33%	1.33%	New
29	LAUDER ESTEE COS INC CL A EL	EL	494,122	$39.9m1.32%	1.32%	Reduced -253.7k	-253,660 -33.9%
30	RESMED INC COM RMD	RMD	152,347	$39.3m1.30%	1.30%	New
31	MOSAIC CO NEW COM MOS	MOS	1,023,663	$37.3m1.24%	1.24%	Reduced -423.8k	-423,808 -29.3%
32	AGCO CORP COM AGCO	AGCO	287,492	$29.7m0.98%	0.98%	Added +260.5k	+260,507 965.4%
33	BIO RAD LABS INC CL A BIO	BIO	120,885	$29.2m0.97%	0.97%	Added +114.5k	+114,490 1790.3%
34	WESTLAKE CORPORATION COM WLK	WLK	273,564	$20.8m0.69%	0.69%	Reduced -425.4k	-425,443 -60.9%
35	VISA INC COM CL A V	V	58,082	$20.6m0.68%	0.68%	New
36	BOEING CO COM BA	BA	96,650	$20.3m0.67%	0.67%	New
37	AIRO GROUP HLDGS INC COM AIRO	AIRO	778,978	$18.8m0.62%	0.62%	New
38	PAYPAL HLDGS INC COM PYPL	PYPL	218,779	$16.3m0.54%	0.54%	Added +205.8k	+205,850 1592.2%
39	BLOCK INC CL A XYZ	XYZ	223,857	$15.2m0.50%	0.50%	New
40	ILLUMINA INC COM ILMN	ILMN	154,119	$14.7m0.49%	0.49%	Added +135.7k	+135,709 737.1%
41	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	35,592	$14.5m0.48%	0.48%	Added +29.1k	+29,126 450.4%
42	SENTINELONE INC CL A S	S	778,897	$14.2m0.47%	0.47%	Added +616.3k	+616,312 379.1%
43	LIBERTY GLOBAL LTD COM CL C LBTYK	LBTYK	1,334,205	$13.8m0.46%	0.46%	Reduced -2.9m	-2,937,675 -68.8%
44	WYNDHAM HOTELS & RESORTS INC COM WH	WH	150,777	$12.2m0.41%	0.41%	New
45	CHECK POINT SOFTWARE TECH LT ORD CHKP	CHKP	51,954	$11.5m0.38%	0.38%	New
46	ZSCALER INC COM ZS	ZS	33,534	$10.5m0.35%	0.35%	Added +19.6k	+19,602 140.7%
47	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	1,042,483	$10.4m0.35%	0.35%	New
48	TOAST INC CL A TOST	TOST	231,442	$10.3m0.34%	0.34%	New
49	FERROVIAL SE ORD SHS FER	FER	144,905	$7.7m0.25%	0.25%	New
50	GE AEROSPACE COM NEW GE	GE	16,864	$4.3m0.14%	0.14%	New
51	TRANSDIGM GROUP INC COM TDG	TDG	2,807	$4.3m0.14%	0.14%	New
52	SOUTHERN CO COM SO	SO	29,702	$2.7m0.09%	0.09%	New
53	ATMOS ENERGY CORP COM ATO	ATO	17,215	$2.7m0.09%	0.09%	New
54	SHIFT4 PMTS INC CL A FOUR	FOUR	22,777	$2.3m0.07%	0.07%	New
55	PEPSICO INC COM PEP	PEP	16,790	$2.2m0.07%	0.07%	New
56	EXXON MOBIL CORP COM XOM	XOM	19,885	$2.1m0.07%	0.07%	New
57	PINNACLE WEST CAP CORP COM PNW	PNW	23,715	$2.1m0.07%	0.07%	Reduced -15.5k	-15,537 -39.6%
58	APPLIED MATLS INC COM AMAT	AMAT	11,190	$2.0m0.07%	0.07%	New
59	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	14,682	$2.0m0.07%	0.07%	Reduced -10.5k	-10,473 -41.6%
60	AGREE RLTY CORP COM ADC	ADC	27,642	$2.0m0.07%	0.07%	Reduced -20.2k	-20,163 -42.2%
61	EOG RES INC COM EOG	EOG	16,557	$2.0m0.07%	0.07%	New
62	CHEVRON CORP NEW COM CVX	CVX	13,562	$1.9m0.06%	0.06%	Reduced -8.8k	-8,763 -39.2%
63	CAMPBELL SOUP CO COM CPB	CPB	62,520	$1.9m0.06%	0.06%	New
64	PRICE T ROWE GROUP INC COM TROW	TROW	19,770	$1.9m0.06%	0.06%	Reduced -15.7k	-15,702 -44.3%
65	DOMINION ENERGY INC COM D	D	33,560	$1.9m0.06%	0.06%	Reduced -30.5k	-30,495 -47.6%
66	CONOCOPHILLIPS COM COP	COP	20,517	$1.8m0.06%	0.06%	Reduced -12.4k	-12,428 -37.7%
67	T-MOBILE US INC COM TMUS	TMUS	7,517	$1.8m0.06%	0.06%	New
68	SCHLUMBERGER LTD COM STK SLB	SLB	52,925	$1.8m0.06%	0.06%	Reduced -31.4k	-31,352 -37.2%
69	SYSCO CORP COM SYY	SYY	22,997	$1.7m0.06%	0.06%	Reduced -17.2k	-17,208 -42.8%
70	OCCIDENTAL PETE CORP COM OXY	OXY	41,080	$1.7m0.06%	0.06%	Reduced -29.3k	-29,272 -41.6%
71	VALERO ENERGY CORP COM VLO	VLO	12,807	$1.7m0.06%	0.06%	Reduced -11.5k	-11,538 -47.4%
72	FLOWERS FOODS INC COM FLO	FLO	107,615	$1.7m0.06%	0.06%	Reduced -1.9k	-1,902 -1.7%
73	PERMIAN RESOURCES CORP CLASS A COM PR	PR	125,495	$1.7m0.06%	0.06%	New
74	MATADOR RES CO COM MTDR	MTDR	35,255	$1.7m0.06%	0.06%	New
75	HALLIBURTON CO COM HAL	HAL	81,430	$1.7m0.05%	0.05%	New
76	FRESHPET INC COM FRPT	FRPT	22,977	$1.6m0.05%	0.05%	Reduced -428.2k	-428,250 -94.9%
77	CARLISLE COS INC COM CSL	CSL	4,075	$1.5m0.05%	0.05%	New
78	MARATHON PETE CORP COM MPC	MPC	8,967	$1.5m0.05%	0.05%	New
79	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	70,172	$1.5m0.05%	0.05%	Reduced -43.2k	-43,243 -38.1%
80	MSC INDL DIRECT INC CL A MSM	MSM	17,255	$1.5m0.05%	0.05%	New
81	HCA HEALTHCARE INC COM HCA	HCA	3,822	$1.5m0.05%	0.05%	Reduced -4.3k	-4,258 -52.7%
82	COTERRA ENERGY INC COM CTRA	CTRA	57,562	$1.5m0.05%	0.05%	New
83	HUBBELL INC COM HUBB	HUBB	3,505	$1.4m0.05%	0.05%	New
84	NOV INC COM NOV	NOV	113,905	$1.4m0.05%	0.05%	New
85	ROYAL GOLD INC COM RGLD	RGLD	7,853	$1.4m0.05%	0.05%	New
86	AGNC INVT CORP COM AGNC	AGNC	145,475	$1.3m0.04%	0.04%	New
87	KROGER CO COM KR	KR	18,552	$1.3m0.04%	0.04%	Reduced -22.3k	-22,338 -54.6%
88	ELEVANCE HEALTH INC COM ELV	ELV	3,407	$1.3m0.04%	0.04%	Reduced -4.2k	-4,200 -55.2%
89	HENRY JACK & ASSOC INC COM JKHY	JKHY	7,343	$1.3m0.04%	0.04%	New
90	POOL CORP COM POOL	POOL	4,525	$1.3m0.04%	0.04%	New
91	QUALCOMM INC COM QCOM	QCOM	8,200	$1.3m0.04%	0.04%	New
92	UGI CORP NEW COM UGI	UGI	35,716	$1.3m0.04%	0.04%	Reduced -36.2k	-36,166 -50.3%
93	NEWMONT CORP COM NEM	NEM	22,022	$1.3m0.04%	0.04%	New
94	HENRY SCHEIN INC COM HSIC	HSIC	17,402	$1.3m0.04%	0.04%	New
95	HP INC COM HPQ	HPQ	51,472	$1.3m0.04%	0.04%	New
96	ALBERTSONS COS INC COMMON STOCK ACI	ACI	57,810	$1.2m0.04%	0.04%	Reduced -43.8k	-43,797 -43.1%
97	WATSCO INC COM WSO	WSO	2,807	$1.2m0.04%	0.04%	New
98	APA CORPORATION COM APA	APA	66,002	$1.2m0.04%	0.04%	Reduced -45.4k	-45,373 -40.7%
99	ROBERT HALF INC. COM RHI	RHI	28,437	$1.2m0.04%	0.04%	Reduced -13.3k	-13,283 -31.8%
100	TARGET CORP COM TGT	TGT	11,590	$1.1m0.04%	0.04%	Reduced -8.2k	-8,205 -41.5%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
MONSTER BEVERAGE CORP NEW MNST	MNST	2,793,825	$163.5m2.8m shares
COCA COLA CO KO	KO	1,921,572	$137.6m1.9m shares
AIR PRODS & CHEMS INC APD	APD	450,808	$133.0m450.8k shares
MCCORMICK & CO INC MKC	MKC	1,127,883	$92.8m1.1m shares
SHERWIN WILLIAMS CO SHW	SHW	226,617	$79.1m226.6k shares
NUTRIEN LTD NTR	NTR	1,545,755	$76.8m1.5m shares
CF INDS HLDGS INC CF	CF	945,893	$73.9m945.9k shares
ON HLDG AG ONON	ONON	1,385,465	$60.8m1.4m shares
CORTEVA INC CTVA	CTVA	742,952	$46.8m743.0k shares
HUNTSMAN CORP HUN	HUN	2,900,632	$45.8m2.9m shares
E L F BEAUTY INC ELF	ELF	502,830	$31.6m502.8k shares
DOW INC DOW	DOW	633,050	$22.1m633.0k shares
CONAGRA BRANDS INC CAG	CAG	692,917	$18.5m692.9k shares
DEUTSCHE BANK A G DB	DB	731,925	$17.3m731.9k shares
CHURCH & DWIGHT CO INC CHD	CHD	125,696	$13.8m125.7k shares
STANDARDAERO INC SARO	SARO	252,891	$6.7m252.9k shares
REALTY INCOME CORP O	O	73,372	$4.3m73.4k shares
FIRSTENERGY CORP FE	FE	103,300	$4.2m103.3k shares
VERIZON COMMUNICATIONS INC VZ	VZ	85,445	$3.9m85.4k shares
HORMEL FOODS CORP HRL	HRL	107,335	$3.3m107.3k shares
AMCOR PLC AMCR	AMCR	335,937	$3.3m335.9k shares
TYSON FOODS INC TSN	TSN	49,115	$3.1m49.1k shares
UNITED PARCEL SERVICE INC UPS	UPS	28,150	$3.1m28.1k shares
POST HLDGS INC POST	POST	26,442	$3.1m26.4k shares
SEMPRA SRE	SRE	43,097	$3.1m43.1k shares