Portfolio Holdings
The Company’s portfolio holdings report, detailing a list of all investments, including sector and geographical distribution is released monthly to the London Stock Exchange
Details of the latest monthly portfolio holdings
The latest report can be accessed from the link to the right, while historic reports are available in the archive further down the page.
A list of all investments is displayed below.
As at 31 Dec 2025
Rank
Company
Sector
Country
% of Net Assets
AVI Japanese Special Situations Fund
Financials
Japan
9.5
Volunteer Park Capital Fund SCSp
Financials
Luxembourg
7.1
Unilever
Consumer Staples
United Kingdom
2.8
Orange
Communication Services
France
2.8
Carlsberg
Consumer Staples
Denmark
2.1
GQG Partners Inc.
Financials
United States
2.0
Dassault Aviation
Industrials
France
1.9
Terveystalo
Health Care
Finland
1.8
Philips
Health Care
Netherlands
1.8
Nestle
Consumer Staples
Switzerland
1.7
Bakkafrost
Consumer Staples
Denmark
1.7
Verizon Communications
Communication Services
United States
1.7
Laboratorios Farmaceutico
Health Care
Spain
1.6
ENI
Energy
Italy
1.5
Viscofan
Consumer Staples
Spain
1.5
Sanofi
Health Care
France
1.5
Qinetiq
Industrials
United Kingdom
1.5
TotalEnergies
Energy
France
1.4
Danieli
Industrials
Italy
1.4
General Dynamics
Industrials
United States
1.3
Alibaba Group
Consumer Discretionary
Hong Kong
1.3
RTX
Industrials
United States
1.3
Cicor Technologies
Technology
Switzerland
1.2
Jet2
Industrials
United Kingdom
1.0
The Magnum Ice Cream Company
Consumer Staples
Netherlands
0.2
Total equity investments
53.6
Cash and other net assets/(liabilities)
46.4
Net assets
100.0
Archive
Portfolio Holdings FAQs
No investment in the Company’s portfolio may exceed 15% of the Company’s total assets.