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 Nov 2025
Rank
Company
Sector
Country
% of Net Assets
AVI Japanese Special Situations Fund
Financials
Japan
9.3
Volunteer Park Capital Fund SCSp
Financials
Luxembourg
7.0
Unilever
Consumer Staples
United Kingdom
3.0
Orange
Communication Services
France
2.8
GQG Partners Inc.
Financials
United States
2.1
Danieli
Industrials
Italy
2.1
Carlsberg
Consumer Staples
Denmark
2.0
Dassault Aviation
Industrials
France
1.9
Alibaba Group
Consumer Discretionary
Hong Kong
1.9
Philips
Health Care
Netherlands
1.8
Nestle
Consumer Staples
Switzerland
1.8
Verizon Communications
Communication Services
United States
1.7
Terveystalo
Health Care
Finland
1.6
Qinetiq
Industrials
United Kingdom
1.6
Bakkafrost
Consumer Staples
Denmark
1.6
ENI
Energy
Italy
1.5
Sanofi
Health Care
France
1.5
TotalEnergies
Energy
France
1.5
General Dynamics
Industrials
United States
1.4
RTX
Industrials
United States
1.2
Jet2
Industrials
United Kingdom
1.0
Breedon Group
Materials
United Kingdom
0.8
Viscofan
Consumer Staples
Spain
0.7
Laboratorios Farmaceutico
Health Care
Spain
0.5
Total equity investments
52.3
Cash and other net assets/(liabilities)
47.7
Net assets
100.0
Archive
Portfolio Holdings FAQs
No investment in the Company’s portfolio may exceed 15% of the Company’s total assets.