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 | 73%
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 November 2025
List of Stock Holdings
| Name | £m | % of Total Assets | Cumulative (%) |
|---|---|---|---|
| Microsoft | 244.8 | 4.4 | 4.4 |
| Alphabet A | 156.3 | 2.8 | 7.1 |
| Amazon.com | 125.4 | 2.2 | 9.4 |
| Taiwan Semicon.Mnfg. | 116.5 | 2.1 | 11.4 |
| Visa 'A' | 106.3 | 1.9 | 13.3 |
| Mastercard | 93.5 | 1.7 | 15 |
| Unilever | 81.4 | 1.4 | 16.4 |
| Salesforce | 76.3 | 1.4 | 17.8 |
| Unitedhealth Group | 76.3 | 1.4 | 19.1 |
| London Stock Exchange | 71.9 | 1.3 | 20.4 |
| Diageo | 70.7 | 1.3 | 21.7 |
| NVIDIA | 69.7 | 1.2 | 22.9 |
| Philip Morris Intl. | 69.5 | 1.2 | 24.2 |
| Everest Group Ord | 60.1 | 1.1 | 25.2 |
| HCA Healthcare | 57.3 | 1 | 26.2 |
| Progressive Ord | 54.1 | 1 | 27.2 |
| State Street | 53.5 | 1 | 28.2 |
| Samsung Electronics | 52.6 | 0.9 | 29.1 |
| Ryanair | 52.4 | 0.9 | 30 |
| Ashtead Group | 50 | 0.9 | 30.9 |
Stock Spotlights
Ferrari
FILMED IN JUNE 2025
Rebecca Irwin explains why Ferrari remains a standout stock - combining global brand power with strategic scarcity to tap into a vast and luxury market.
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