Institutional Manager · CIK 0001582633

Kiltearn Partners LLP

Edinburgh, X0 · File #028-15836

Latest AUM

$461.7M

Positions

Top-10 Concentration

65.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	AFFILIATED MANAGERS GROUP IN	MGRE	-47,400	-$13.7M	+$14.1M
EXITED	SEALED AIR CORP NEW	81211K100	-335,500	-$11.9M	$0
REDUCE	DOLLAR GEN CORP NEW	256677105	-63,300	-$8.4M	+$11.2M
ADD	LKQ CORP	LKQ	+264,600	+$8.0M	-$78,506
REDUCE	CVS HEALTH CORP	CVS	-88,400	-$7.0M	+$2.1M
REDUCE	SOUTHWEST AIRLS CO	844741108	-142,100	-$5.9M	+$8.1M
REDUCE	AMBEV SA	ABEV	-1,599,800	-$4.0M	+$2.7M
NEW	PVH CORPORATION	PVH	+53,900	+$3.6M	$0
REDUCE	COMCAST CORP NEW	CCZ	-116,500	-$3.5M	-$1.7M
REDUCE	MEDTRONIC PLC	MDT	-35,800	-$3.4M	+$177,580

Sector Allocation

Healthcare

19.6%$90.3M

Consumer Discretionary

10.8%$50.1M

7.7%$35.5M

7.0%$32.3M

5.5%$25.3M

2.5%$11.7M

Communication Services

1.8%$8.3M

Technology

1.1%$5.1M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 202528 pos · $461.7M
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 202528 pos · $498.9M
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 202527 pos · $497.3M
May 14, 202513F HOLDINGS REPORTQ/E Mar 202529 pos · $524.7M
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 202431 pos · $605.2M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 202433 pos · $735.7M
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 202433 pos · $824.8M
May 15, 202413F HOLDINGS REPORTQ/E Mar 202430 pos · $1.08B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 202338 pos · $1.27B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	AFFILIATED MANAGERS GROUP IN	MGRE	236,414	$68.2M	14.76%
2	DOLLAR GEN CORP NEW	256677105	316,500	$42.0M	9.10%
3	CVS HEALTH CORP	CVS	441,768	$35.1M	7.59%
4	SOUTHWEST AIRLS CO	844741108	713,283	$29.5M	6.39%
5	COMCAST CORP NEW	CCZ	968,361	$28.9M	6.27%
6	CIGNA CORP NEW	125523100	90,413	$24.9M	5.39%
7	AMBEV SA	ABEV	9,445,900	$23.3M	5.05%
8	MEDTRONIC PLC	MDT	180,761	$17.4M	3.76%
9	CARMAX INC	KMX	442,200	$17.1M	3.70%
10	HCA HEALTHCARE INC	HCA	35,800	$16.7M	3.62%
11	VALE S A	VALE	1,157,336	$15.1M	3.27%
12	LKQ CORP	LKQ	495,500	$15.0M	3.24%
13	GILEAD SCIENCES INC	GILD	121,300	$14.9M	3.22%
14	STANLEY BLACK & DECKER INC	SWK	154,500	$11.5M	2.49%
15	ROBERT HALF INC.	RHI	386,500	$10.5M	2.27%
16	EBAY INC.	EBAY	120,194	$10.5M	2.27%
17	LYONDELLBASELL INDUSTRIES N	LYB	236,900	$10.3M	2.22%
18	TENARIS S A	88031M109	248,859	$9.6M	2.07%
19	SYSCO CORP	SYY	121,500	$9.0M	1.94%
20	LIBERTY GLOBAL PLC	LBTYK	746,337	$8.3M	1.80%