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Our
Portfolio

Diversified by design, our portfolio allocation is as balanced as possible. You can see below that we’re near the benchmark for country and sector exposure. But, when it comes to individual stock positions, we’re highly distinctive – showing just how active and high-conviction our fund managers’ selections are.

 

Active share | 74%

Active Share is a measure of how actively a portfolio is managed; it is the percentage of the portfolio that differs from its comparative index.

 

All data is provided as of end March 2025

List of Stock Holdings

Name£m% of Total AssetsCumulative (%)
Microsoft2154.14.1
Amazon.com142.72.76.8
Visa 'A'125.32.49.2
Meta Platforms A93.41.810.9
Unitedhealth Group811.512.5
Diageo80.61.514
Mastercard76.91.515.5
Taiwan Semicon.Mnfg.69.41.316.8
Netflix66.91.318
Alphabet A65.11.219.3
Petroleo Brasileiro ADR61.31.220.4
Philip Morris Intl.60.81.221.6
HDFC Bank Adr 1:359.91.122.7
Safran59.81.123.9
NVIDIA591.125
Servicenow58.81.126.1
Unilever571.127.2
At&T Ord50.9128.1
Airbus50.2129.1
Vinci48.70.930

Stock Spotlights

Meta

FILMED IN DECEMBER 2024

Brian Kersmanc of GQG, looks at Meta’s ability to increasingly harness AI to optimise monetisation and generate good returns.