Lyrical Asset Management
Superinvestor profile · Rank #63 by reported 13F value (2026 Q2 filers) · CIK 0001542302 · All profiles
Founded 2008New York, NYClassic / deep value investing, concentrated equally-weighted portfolio with very low turnover and long holding periodsKey person: Andrew Wellington
Reported 13F value
$7.9B
Period 2026-06-30 · Filed 2026-08-12
Positions
41
Top 10 = 51.5% of value
Clone CAGR (full window)
+13.3%
2016-11-14 → 2026-10-02 · cumulative +242%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-39%
Month-end values, approximate
Latest-quarter activity
2 new · 0 exited
8 increased · 31 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +13.26% | Cumulative +242.1% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | +12.36% | |
| Trailing 3Y | +20.62% | |
| Trailing 1Y | +15.75% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| FLEX | Flex Ltd | 9.53% | $751M |
| JCI | Johnson Controls International Plc | 5.55% | $438M |
| NRG | Nrg Energy, Inc. | 4.98% | $393M |
| FFIV | F5, Inc. | 4.86% | $383M |
| NTAP | Netapp, Inc. | 4.84% | $382M |
| EBAY | Ebay Inc. | 4.82% | $380M |
| EXPE | Expedia Group, Inc. | 4.66% | $367M |
| AER | Aercap Holdings Nv | 4.59% | $362M |
| SNX | Td Synnex Corporation | 3.92% | $309M |
| AMP | Ameriprise Financial, Inc. | 3.79% | $299M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-12). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 70.6% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://www.institutionalinvestor.com/article/2bsvtma5lddn2pacjhji8/portfolio/lyrical-asset-management-unconventionally-old-school — Co-founded in January 2008 by Andrew Wellington and Jeff Keswin, friends from University of Pennsylvania. Wellington is managing partner and CIO, Keswin is CEO / managing partner.