Q1 2026 13F · SEC CIK 1636441
Immersion Capital LLP
Asset managerFiled 2026-05-15 for Q1 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $62.8M
- Reported positions
- 10
- Top holdings a year, 3 yrs
- +16.0%
- Average holding period
- 2.0 yrs
Immersion Capital LLP is an asset manager that reported 10 positions worth $62.8M in its Q1 2026 13F, filed 2026-05-15. Its largest holdings were Blackrock Inc (BLK, 19.3%), Visa Inc (V, 17.6%), Heico Corp (HEI-A, 16.3%). A portfolio copying its top holdings returned 16.0% a year over the last 3 years, against 20.4% for the S&P 500.
Immersion Capital LLP holdings all 10 positions.
Weights are shares of the filer's total reported 13F value, compared with Q4 2025. 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 |
|---|---|---|---|
| BLKBlackrock Inc | 19.3% | +0.0% | $12.1M |
| VVisa Inc | 17.6% | +0.0% | $11.1M |
| HEI-AHeico Corp | 16.3% | +0.0% | $10.3M |
| RYAAYRyanair Holdings PLC Sponsored | 14.3% | +0.0% | $9.0M |
| ELVElevance Health Inc Formerly | 6.7% | +0.0% | $4.2M |
| CNICanadian Natl Ry Co | 6.3% | +0.0% | $4.0M |
| UNHUnitedhealth Group Inc | 5.3% | +0.0% | $3.3M |
| BPBp PLC | 5.3% | +0.0% | $3.3M |
| CNQCanadian Nat Res Ltd Med Ter | 4.8% | +0.0% | $3.0M |
| TBBBBbb Foods Inc | 3.9% | +34.8% | $2.5M |
What Immersion Capital LLP bought and sold in Q1 2026, against Q4 2025.
New positions
No new positions among the largest holdings.
Added to
- TBBB Bbb Foods Inc+34.8% shares
Reduced
No position shrank by more than 5%.
Sold out
Nothing sold out.
Share counts compared with the Q4 2025 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +6.1% /yr
- S&P 500 +20.1%
- 3 years
- +16.0% /yr
- S&P 500 +20.4%
- 5 years
- +3.6% /yr
- S&P 500 +11.6%
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 |
|---|---|---|
| Q1 2026 | $62.8M | 10 |
| Q4 2025 | $69.1M | 10 |
| Q3 2025 | $97.2M | 11 |
| Q2 2025 | $99.4M | 10 |
| Q1 2025 | $145.8M | 10 |
| Q4 2024 | $119.5M | 7 |
| Q3 2024 | $183.4M | 9 |
| Q2 2024 | $178.6M | 9 |
| Q1 2024 | $252.4M | 9 |
| Q4 2023 | $232.3M | 9 |
| Q3 2023 | $233.2M | 7 |
| Q2 2023 | $299.0M | 9 |
Questions about Immersion Capital LLP's portfolio
What stocks does Immersion Capital LLP own?
Immersion Capital LLP's latest 13F, for Q1 2026 and filed May 15, 2026, lists 10 positions worth $62.8M. The largest are Blackrock Inc (BLK) at 19.3%, Visa Inc (V) at 17.6%, Heico Corp (HEI-A) at 16.3%, Ryanair Holdings PLC Sponsored (RYAAY) at 14.3% and Elevance Health Inc Formerly (ELV) at 6.7%.
What did Immersion Capital LLP buy last quarter?
In Q1 2026, Immersion Capital LLP added Bbb Foods Inc (TBBB) (+34.8% shares), compared with its Q4 2025 filing.
What did Immersion Capital LLP sell last quarter?
Immersion Capital LLP sold out of nothing and cut no large position by more than 5% in Q1 2026.
How has Immersion Capital LLP's portfolio performed?
A portfolio copying Immersion Capital LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +6.1% against +20.1%. Over 5 years: +3.6% a year against +11.6%.
When is Immersion Capital LLP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Immersion Capital LLP's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.