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 30 Sep 2025
Rank
Company
Sector
Country
% of Net Assets
AVI Japanese Special Situations Fund
Financials
Japan
9.7
Volunteer Park Capital Fund SCSp
Financials
Luxembourg
6.9
Unilever
Consumer Staples
United Kingdom
2.9
Dassault Aviation
Industrials
France
2.9
Qinetiq
Industrials
United Kingdom
2.8
Orange
Communication Services
France
2.8
RTX
Industrials
United States
2.4
Alibaba Group
Consumer Discretionary
Hong Kong
2.2
Danieli
Industrials
Italy
2.1
Jet2
Industrials
United Kingdom
2.0
GQG Partners Inc.
Financials
United States
1.9
General Dynamics
Industrials
United States
1.9
TotalEnergies
Energy
France
1.8
Intel
Information Technology
United States
1.7
Terveystalo
Health Care
Finland
1.6
Bakkafrost
Consumer Staples
Denmark
1.6
ENI
Energy
Italy
1.4
Sanofi
Health Care
France
1.4
Verizon Communications
Communication Services
United States
1.3
Azelis Group
Materials
Belgium
1.2
Breedon Group
Materials
United Kingdom
1.2
Nestle
Consumer Staples
Switzerland
1.1
Philips
Health Care
Netherlands
0.8
Total equity investments
55.6
Cash and other net assets/(liabilities)
44.4
Net assets
100.0
Archive
Portfolio Holdings FAQs
No investment in the Company’s portfolio may exceed 15% of the Company’s total assets.