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 February 2025
List of Stock Holdings
| Name | £m | % of Total Assets | Cumulative (%) |
|---|---|---|---|
| Microsoft | 190.1 | 3.4 | 3.4 |
| Amazon.com | 189.9 | 3.3 | 6.7 |
| Visa 'A' | 161.4 | 2.8 | 9.5 |
| Meta Platforms A | 109.3 | 1.9 | 11.5 |
| Alphabet A | 87.7 | 1.5 | 13 |
| Diageo | 87 | 1.5 | 14.6 |
| Aon Class A | 85.2 | 1.5 | 16.1 |
| Netflix | 82.5 | 1.5 | 17.5 |
| Eli Lilly | 76.9 | 1.4 | 18.9 |
| Unitedhealth Group | 75.4 | 1.3 | 20.2 |
| Mastercard | 67 | 1.2 | 21.4 |
| Taiwan Semicon.Mnfg. | 63.6 | 1.1 | 22.5 |
| Safran | 62.9 | 1.1 | 23.6 |
| Philip Morris Intl. | 61.1 | 1.1 | 24.7 |
| Petroleo Brasileiro ADR | 57.8 | 1 | 25.7 |
| Nvidia | 57.7 | 1 | 26.7 |
| HDFC Bank Adr 1:3 | 57.1 | 1 | 27.7 |
| Unilever | 55.4 | 1 | 28.7 |
| Mercadolibre | 52.5 | 0.9 | 29.6 |
| Airbus | 50.3 | 0.9 | 30.5 |
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.