Red Bull trophies found in a lake
More than 60 trophies were stolen after a gang of six men used a vehicle to ram the front entrance of the team's building in Milton Keynes at around 1.30am on December 6.
Thames Valley Police said that around 20 of the prizes were recovered from Horseshoe Lake near Sandhurst Monday after being spotted by a member of the public.
Detective Constable Chris Oakman said: 'We estimate about 20 trophies have been recovered, but we are liaising with Red Bull to establish the exact number, as some of the trophies are damaged.'
Red Bull team principal Christian Horner said following the burglary that staff were 'absolutely devastated' by the break-in and the theft of the trophies, which had taken 'years and hard work to accumulate'.
The Austrian team won the F1 constructors' championship and drivers' championship from 2010-2013.
The damage to the factory after the building was ram-raided was clear from the outside
He added in a statement at the time: 'The break-in caused significant damage and was very upsetting for our night officers who were on duty at the time.
'The offenders took items that not only did not belong to them, but which represented the efforts of a group of dedicated, hard-working individuals.
'Beyond the aggressive nature of this break-in, we are perplexed why anyone would take these trophies. The value to the team is of course extraordinarily high due to the sheer hard work and effort that went into winning each and every one.