Q3 2026 13F · SEC CIK 1630064
Lancaster Investment Management
Asset managerFiled 2026-10-21 for Q3 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $163.3M
- Reported positions
- 9
- Top holdings a year, 3 yrs
- -7.0%
- Average holding period
- 1.2 yrs
Lancaster Investment Management is an asset manager that reported 9 positions worth $163.3M in its Q3 2026 13F, filed 2026-10-21. Its largest holdings were EchoStar Corp (ECHO, 25.5%), Liberty Global-A (LBTYA, 21.0%), Sk Hynix Inc (SKHYV, 20.9%). A portfolio copying its top holdings returned -7.0% a year over the last 3 years, against 18.8% for the S&P 500.
Lancaster Investment Management holdings all 9 positions.
Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| ECHOEchoStar Corp | 25.5% | +18.5% | $41.6M |
| LBTYALiberty Global-A | 21.0% | -0.6% | $34.3M |
| SKHYVSk Hynix Inc | 20.9% | — | $34.1M |
| MANUManchester Uni-A | 13.3% | +0.1% | $21.7M |
| RIGTransocean Ltd | 9.6% | — | $15.6M |
| BMABanco Macro S A | 4.3% | -3.4% | $7.1M |
| GGALGrupo Financiero Galicia S.a | 3.9% | -18.6% | $6.4M |
| LEVILevi Strauss & Co New | 0.8% | -6.4% | $1.4M |
| DKSDicks Sporting Goods Inc | 0.6% | +0.0% | $1.1M |
What Lancaster Investment Management bought and sold in Q3 2026, against Q2 2026.
New positions
- SKHYV Sk Hynix Inc20.9% of 13F
- RIG Transocean Ltd9.6% of 13F
Added to
- ECHO EchoStar Corp+18.5% shares
Reduced
- GGAL Grupo Financiero Galicia S.a-18.6% shares
- LEVI Levi Strauss & Co New-6.4% shares
Sold out
- FLUT Flutter Entmt PLCwas 20.1%
- GLRE Greenlight Cap Re Ltdwas 0.7%
Share counts compared with the Q2 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -25.0% /yr
- S&P 500 +20.1%
- 3 years
- -7.0% /yr
- S&P 500 +18.8%
- 5 years
- -9.1% /yr
- S&P 500 +8.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q3 2026 | $163.3M | 9 |
| Q2 2026 | $165.4M | 9 |
| Q1 2026 | $179.7M | 8 |
| Q4 2025 | $195.0M | 8 |
| Q3 2025 | $233.3M | 8 |
| Q2 2025 | $312.9M | 8 |
| Q1 2025 | $134.9M | 6 |
| Q4 2024 | $112.9M | 5 |
| Q3 2024 | $159.5M | 7 |
| Q2 2024 | $153.1M | 6 |
| Q1 2024 | $125.3M | 5 |
| Q4 2023 | $191.0M | 8 |
Questions about Lancaster Investment Management's portfolio
What stocks does Lancaster Investment Management own?
Lancaster Investment Management's latest 13F, for Q3 2026 and filed Oct 21, 2026, lists 9 positions worth $163.3M. The largest are EchoStar Corp (ECHO) at 25.5%, Liberty Global-A (LBTYA) at 21.0%, Sk Hynix Inc (SKHYV) at 20.9%, Manchester Uni-A (MANU) at 13.3% and Transocean Ltd (RIG) at 9.6%.
What did Lancaster Investment Management buy last quarter?
In Q3 2026, Lancaster Investment Management added a new position in Sk Hynix Inc (SKHYV), a new position in Transocean Ltd (RIG) and EchoStar Corp (ECHO) (+18.5% shares), compared with its Q2 2026 filing.
What did Lancaster Investment Management sell last quarter?
In Q3 2026, Lancaster Investment Management sold all of Flutter Entmt PLC (FLUT), sold all of Greenlight Cap Re Ltd (GLRE), Grupo Financiero Galicia S.a (GGAL) (-18.6% shares) and Levi Strauss & Co New (LEVI) (-6.4% shares), compared with its Q2 2026 filing.
How has Lancaster Investment Management's portfolio performed?
A portfolio copying Lancaster Investment Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned -7.0% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: -25.0% against +20.1%. Over 5 years: -9.1% a year against +8.6%.
When is Lancaster Investment Management's next 13F filing due?
13F filings are due 45 days after each quarter ends. Lancaster Investment Management's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.