Oldfield Partners

5 strategies

Oldfield Partners publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.

• Oldfield Partners Overstone Global Equity Fund3

  Global · 15 companies

  YTD +19.1% · 1Y +33.9% · 3Y +18.8%/yr (Jun 30, 2026)

• Oldfield Partners Overstone Emerging Markets Equity Fund1

  Emerging markets · 5 companies

• Oldfield Partners Overstone Global All Cap Value Fund1

  Global Value · 7 companies

• Oldfield Partners Overstone International Value Fund1

  International Value · 11 companies

• Oldfield Partners Overstone UCITS Global Smaller Companies Fund1

  Global Small-cap · 2 companies

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 12 moves

• New positionBarratt Redrow

  September 2026

  “Barratt Redrow is the most recent purchase in the portfolio.”

  Read the letter→
• ExitedLloyds Banking Group

  September 2026

  “To fund the Barratt position, we sold the position in Lloyds.”

  Read the letter→
• TrimmedNOV Inc.

  June 2026

  “We reduced the portfolio’s energy exposure by trimming ENI and NOV.”

  Read the letter→
• AddedSamsung Electronics

  June 2026

  “We also reduced Samsung.”

  Read the letter→
• ExitedKyocera

  June 2026

  “During the quarter we sold the position in Kyocera.”

  Read the letter→
• TrimmedENI

  June 2026

  “We reduced the portfolio’s energy exposure by trimming ENI and NOV.”

  Read the letter→
• New positionAyala Corp

  September 2025

  “During the quarter the portfolio initiated a new position in Ayala Corp, a Philippine conglomerate.”

  Read the letter→
• TrimmedAlibaba

  September 2025

  “There were several portfolio position changes to existing holdings, most notably the reduction in Alibaba and Samsung.”

  Read the letter→
• TrimmedSamsung

  September 2025

  “There were several portfolio position changes to existing holdings, most notably the reduction in Alibaba and Samsung.”

  Read the letter→
• New positionBreedon Group

  September 2025

  “We replaced the company with Breedon, the UK-listed cement company.”

  Read the letter→
• ExitedSiemens

  September 2025

  “In the third quarter we sold Siemens, the German technology company, as it approached our valuation target.”

  Read the letter→
• New positionCK Hutchison Holdings

  September 2025

  “During the quarter we purchased a new position in CK Hutchinson (CKH), the Hong Kong-listed conglomerate.”

  Read the letter→

Companies held · 25

Every company Oldfield Partners has disclosed a position in across our archive, with the letter that last mentioned it.

• AlibabaSep 2025
• Ally FinancialSep 2026
• AmbevSep 2025
• Ayala CorpSep 2025
• Barratt RedrowSep 2026
• Breedon GroupSep 2025
• CK Hutchison HoldingsSep 2025
• easyJetSep 2026
• Elmos SemiconductorSep 2025
• ENIJun 2026
• HeinekenSep 2025
• J D WetherspoonSep 2025
• JD WetherspoonSep 2025
• JDE Peet'sSep 2025
• KyoceraJun 2026
• LG H&HSep 2025
• Lloyds Banking GroupSep 2026
• LukoilSep 2025
• Lukoil PJSCSep 2025
• NOV Inc.Jun 2026
• Samsung ElectronicsJun 2026
• SanofiJun 2026
• Serica EnergySep 2025
• SiemensSep 2025
• Swatch GroupSep 2026

Theses · 3

• Ally Financial

  September 2026

  Ally Financial is a US auto finance company with improving return on equity and an attractive valuation despite short-term rate and loss headwinds.

  Read the full thesis→
• Swatch Group

  September 2026

  Swatch Group is a luxury watchmaker with sales recovery potential, operating leverage, and a low valuation backed by net cash and property.

  Read the full thesis→
• Barratt Redrow

  September 2026

  Barratt Redrow is a UK housebuilder with a resettable land bank, net cash, and valuation upside if margins normalise over time.

  Read the full thesis→

Letter archive · 8