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Mondrian Investment Partners Limited
Clive Gillmore · Asset Manager · Value
Mondrian Investment Partners Limited is an independent, employee-owned investment management firm founded in 1990 and headquartered in London. Originally established as Delaware International Advisers Ltd, the firm underwent a management buyout in 2004 and transitioned to 100% employee ownership in 2011. Mondrian specializes in global value-oriented investment strategies across equity and fixed-income asset classes, primarily serving institutional clients such as pension funds, endowments, and foundations. The firm is recognized for its defensive investment style and long-term focus on capital preservation and real returns.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +17.8% |
| YTD return | +5.9% |
| Sharpe ratio | 3.02 |
| Win rate | 63% |
| AUM | $8.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $8.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.mondrian.com/ |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| LYG | Lloyds Banking Group PLC ADR | 17.4% | +22.9% |
| GSK | GlaxoSmithKline PLC ADR | 12.0% | +0.1% |
| ASBFY | Associated British Foods plc | 9.0% | +0.0% |
| BP | BP PLC ADR | 8.5% | +25.9% |
| BTI | British American Tobacco p.l.c. | 8.5% | +2.7% |
| SHEL | Shell PLC ADR | 4.6% | +27.1% |
| SSEZY | SSE PLC ADR | 4.6% | +0.0% |
| SAN | Banco Santander SA ADR | 4.1% | +37.3% |
| SNY | Sanofi ADR | 3.5% | -8.5% |
| WPP | WPP PLC ADR | 3.4% | +12.7% |
| MSFT | Microsoft Corporation | 3.2% | +14.0% |
| PHG | Koninklijke Philips NV ADR | 2.9% | -10.6% |
| MRK | Merck & Company Inc | 2.8% | +36.4% |
| TMO | Thermo Fisher Scientific Inc | 2.7% | +23.6% |
| SCHW | Charles Schwab Corp | 2.5% | +13.8% |
| GOOGL | Alphabet Inc Class A | 2.3% | +26.7% |
| CRM | Salesforce.com Inc | 2.1% | -3.2% |
| PBR-A | Petróleo Brasileiro S.A. - Petrobras | 2.1% | +10.5% |
| BAC | Bank of America Corp | 1.9% | -0.8% |
| DLTR | Dollar Tree Inc | 1.9% | -10.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | BUY | PHG | 3.0% → 2.9% |
| Sep 7, 2026 | BUY | ASBFY | 9.1% → 9.0% |
| Sep 7, 2026 | SELL | UNH | 1.8% → 0.0% |
| Sep 7, 2026 | SELL | SNY | 3.6% → 3.5% |
| Sep 7, 2026 | BUY | GSK | 12.1% → 12.0% |
Investment Style Analysis
Mondrian Investment Partners Limited is widely recognized for employing a Value strategy. As of Sep 11, 2026, the firm oversees approximately $8.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Drug Manufacturers - General and Banks - Regional sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Mondrian Investment Partners Limited made a significant move by increasing exposure to PHG. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Mondrian’s investment philosophy is centered on a fundamental, value-oriented approach that prioritizes capital preservation and real income growth. The firm utilizes a disciplined valuation process, primarily driven by a proprietary dividend discount model, to identify undervalued securities based on their future cash flows and dividend potential. This defensive value style aims to provide long-term rates of return exceeding inflation while maintaining lower volatility than the broader market. Mondrian integrates financially material environmental, social, and governance factors into its rigorous research process to better evaluate long-term risks and opportunities.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Mondrian Investment Partners Limited.
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Frequently asked questions
How is the simulated portfolio for Mondrian Investment Partners Limited constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Mondrian Investment Partners Limited's largest holding?
As of the latest filing, Mondrian Investment Partners Limited's top position is Lloyds Banking Group PLC ADR (LYG), representing 17.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is Mondrian Investment Partners Limited's historical performance and risk profile?
Our simulation indicates a total return of +17.8% with a win rate of 63%. Notably, the portfolio maintains a Sharpe Ratio of 3.02, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Mondrian Investment Partners Limited primarily invest in?
Mondrian Investment Partners Limited has a strong preference for the Drug Manufacturers - General sector, which makes up 18.4% of their disclosed assets. The portfolio also has exposure to Banks - Regional, indicating a specific thematic focus.
Is Mondrian Investment Partners Limited's portfolio concentrated or diversified?
Mondrian Investment Partners Limited runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 38.5% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Mondrian Investment Partners Limited performed in 2026?
Our AI-simulated model portfolio for Mondrian Investment Partners Limited tracks a Year-to-Date (YTD) return of +5.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Clive Gillmore manage Mondrian Investment Partners Limited directly?
Yes, Clive Gillmore serves as the key portfolio manager for Mondrian Investment Partners Limited, overseeing the investment strategy and final capital allocation decisions.