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Asset Manager ← All Institutions

ROYAL LONDON ASSET MANAGEMENT LTD

80 FENCHURCH STREET LONDON, UNITED KINGDOM, X0 EC3M 4BY • 042075066500

Q2 2025 · Filed 2025-08-14
Market Value
$43.6B
+3.7%
Holdings
733
+5
New Purchases
9
Added To
126
Closed
38
Reduced
477
Top 10 Concentration
35.8%
Turnover
6.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 6.05% 4.59% +1.46% $2.6B
MSFT 7.35% 6.23% +1.12% $3.2B
AVGO 2.91% 1.99% +0.92% $1.3B
META 2.33% 2.07% +0.26% $1.0B
ELS 0.25% 0.02% +0.23% $109M
NFLX 0.90% 0.67% +0.23% $392M
REXR 0.21% 0.00% +0.21% $92M
SLM 0.27% 0.08% +0.19% $118M
AMZN 4.44% 4.27% +0.17% $1.9B
FIX 0.42% 0.26% +0.16% $183M
TAP 0.23% 0.07% +0.15% $98M
JPM 1.51% 1.36% +0.15% $657M
TSM 1.15% 1.01% +0.14% $500M
ORCL 0.39% 0.25% +0.14% $168M
MU 0.29% 0.15% +0.14% $126M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.55% 1.66% -1.10% $241M
AAPL 4.78% 5.64% -0.86% $2.1B
V 2.06% 2.40% -0.34% $899M
TMO 0.55% 0.87% -0.32% $240M
PGR 0.76% 1.06% -0.31% $330M
JNJ 0.33% 0.64% -0.31% $145M
LLY 1.26% 1.53% -0.27% $550M
BRK-B 1.04% 1.30% -0.26% $455M
TSN 0.17% 0.39% -0.22% $73M
HCA 0.99% 1.18% -0.19% $430M
RS 0.28% 0.46% -0.19% $121M
UBS 0.34% 0.50% -0.16% $149M
BRO 0.37% 0.51% -0.14% $160M
XOM 0.57% 0.70% -0.13% $250M
SLVM 0.11% 0.23% -0.13% $46M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 30.5%
Healthcare 13.7%
Financial Services 12.4%
Consumer Cyclical 9.8%
Industrials 9.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 59 $24.1B 55.3%
Large Cap 572 $17.8B 40.8%
Mid Cap 95 $1.6B 3.7%
Small Cap 6 $71M 0.2%
Micro Cap 1 $8K 0.0%

Portfolio Analytics

Avg Market Cap
$112.2B
Median Market Cap
$29.7B
Avg P/E
32.5
Median P/E
23.6
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
733
# ETFs / Funds
0

Top Holdings (733 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 7.35% 6,451,070 $3.2B $497.41 $586M -535,095 -7.7%
2 NVDA 6.05% 16,718,652 $2.6B $157.99 $709M -1,114,407 -6.2%
3 AAPL 4.78% 10,162,156 $2.1B $205.17 -$288M -522,785 -4.9%
4 AMZN 4.44% 8,837,090 $1.9B $219.39 $142M -607,642 -6.4%
5 GOOGL 3.09% 7,643,712 $1.3B $176.23 $104M -393,121 -4.9%
6 AVGO 2.91% 4,600,309 $1.3B $275.65 $432M -395,494 -7.9%
7 META 2.33% 1,375,935 $1.0B $738.09 $146M -132,071 -8.8%
8 V 2.06% 2,533,080 $899M $355.05 -$109M -344,399 -12.0%
9 JPM 1.51% 2,267,675 $657M $289.91 $86M -62,949 -2.7%
10 LLY 1.26% 705,743 $550M $779.53 -$92M -72,351 -9.3%
11 MELI 1.22% 204,285 $534M $2,613.63 $45M -46,350 -18.5%
12 TSM 1.15% 2,208,171 $500M $226.49 $77M -341,530 -13.4%
13 TSLA 1.11% 1,519,478 $483M $317.66 $49M -153,807 -9.2%
14 BRK-B 1.04% 937,337 $455M $485.77 -$92M -90,408 -8.8%
15 HCA 0.99% 1,122,692 $430M $383.10 -$66M -313,325 -21.8%
16 NFLX 0.90% 292,382 $392M $1,339.13 $110M -9,303 -3.1%
17 GOOG 0.84% 2,063,077 $366M $177.39 $14M -190,316 -8.4%
18 PGR 0.76% 1,236,052 $330M $266.86 -$118M -346,689 -21.9%
19 LIN 0.71% 663,264 $311M $469.18 $2M -286 -0.0%
20 BKNG 0.64% 48,485 $281M $5,789.24 -$38M -20,720 -29.9%
21 MRK 0.62% 3,406,346 $270M $79.16 -$40M -45,210 -1.3%
22 HD 0.60% 714,908 $262M $366.64 -$3M -8,615 -1.2%
23 CNM 0.60% 4,331,533 $261M $60.35 $45M -141,418 -3.2%
24 PG 0.58% 1,586,838 $253M $159.32 -$30M -75,049 -4.5%
25 XOM 0.57% 2,322,056 $250M $107.80 -$44M -154,185 -6.2%
26 INTU 0.57% 317,451 $250M $787.63 $64M +14,229 +4.7%
27 ABBV 0.56% 1,314,058 $244M $185.62 -$41M -45,381 -3.3%
28 WAB 0.56% 1,159,532 $243M $209.35 $29M -18,349 -1.6%
29 UNH 0.55% 771,471 $241M $311.97 -$456M -558,518 -42.0%
30 TMO 0.55% 591,957 $240M $405.46 -$127M -145,479 -19.7%
31 MA 0.55% 423,738 $238M $561.94 -$6M -21,031 -4.7%
32 COST 0.53% 233,989 $232M $989.94 $3M -8,215 -3.4%
33 CSCO 0.53% 3,323,142 $231M $69.38 $22M -60,604 -1.8%
34 TXN 0.53% 1,106,936 $230M $207.62 -$13M -244,629 -18.1%
35 STLD 0.52% 1,788,850 $229M $128.01 -$28M -265,257 -12.9%
36 PM 0.49% 1,176,616 $214M $182.13 $24M -19,490 -1.6%
37 WMT 0.48% 2,148,258 $210M $97.78 $15M -71,101 -3.2%
38 WRB 0.46% 2,738,612 $201M $73.47 $15M +121,045 +4.6%
39 ADBE 0.45% 503,583 $195M $386.88 -$18M -50,032 -9.0%
40 ISRG 0.44% 351,944 $191M $543.41 $11M -12,592 -3.5%
41 FERG 0.43% 859,465 $187M $217.75 $7M -263,689 -23.5%
42 FIX 0.42% 342,045 $183M $536.21 $72M -2,472 -0.7%
43 HDB 0.42% 2,387,943 $183M $76.67 $40M +235,334 +10.9%
44 ADSK 0.41% 584,141 $181M $309.57 $26M -6,134 -1.0%
45 NOW 0.40% 169,603 $174M $1,028.08 $38M -2,269 -1.3%
46 ORCL 0.39% 768,718 $168M $218.63 $64M +22,215 +3.0%
47 GS 0.38% 232,385 $164M $707.75 $34M -6,923 -2.9%
48 FI 0.37% 945,939 $163M $172.41 -$43M +13,961 +1.5%
49 PEP 0.37% 1,215,870 $161M $132.04 -$21M +4,525 +0.4%
50 AMAT 0.37% 876,669 $160M $183.07 $19M -101,433 -10.4%
51 BRO 0.37% 1,444,467 $160M $110.87 -$55M -285,109 -16.5%
52 BAC 0.36% 3,294,758 $156M $47.32 $14M -107,056 -3.1%
53 CME 0.34% 545,331 $150M $275.62 $4M -7,258 -1.3%
54 UBS 0.34% 4,395,785 $149M $33.82 -$62M -2,472,218 -36.0%
55 JNJ 0.33% 950,119 $145M $152.75 -$124M -669,845 -41.4%
56 AGCO 0.33% 1,403,065 $145M $103.16 $15M -2,703 -0.2%
57 KNSL 0.33% 297,099 $144M $483.90 -$10M -18,071 -5.7%
58 KO 0.33% 2,024,128 $143M $70.75 -$7M -71,294 -3.4%
59 SYK 0.31% 345,639 $137M $395.63 $6M -6,745 -1.9%
60 CVX 0.30% 923,032 $132M $143.19 -$30M -45,489 -4.7%
61 ADI 0.30% 549,656 $131M $238.02 $22M +10,181 +1.9%
62 IBM 0.30% 443,181 $131M $294.78 $18M -11,499 -2.5%
63 BLK 0.30% 123,307 $129M $1,049.25 $11M -2,087 -1.7%
64 WFC 0.29% 1,596,336 $128M $80.12 $8M -75,779 -4.5%
65 STE 0.29% 526,863 $127M $240.22 $3M -17,319 -3.2%
66 VRTX 0.29% 283,345 $126M $445.20 -$37M -52,297 -15.6%
67 GE 0.29% 489,798 $126M $257.39 $21M -37,421 -7.1%
68 MU 0.29% 1,021,136 $126M $123.25 $61M +279,912 +37.8%
69 CRM 0.29% 456,807 $125M $272.69 -$5M -24,432 -5.1%
70 RS 0.28% 385,972 $121M $313.90 -$74M -289,785 -42.9%
71 SLM 0.27% 3,591,541 $118M $32.79 $83M +2,397,252 +200.7%
72 SCHW 0.27% 1,288,327 $118M $91.24 $17M +6,644 +0.5%
73 T 0.26% 3,924,561 $114M $28.94 -$4M -227,800 -5.5%
74 AMD 0.25% 777,111 $110M $141.90 $27M -30,252 -3.8%
75 PLTR 0.25% 804,214 $110M $136.32 $25M -203,476 -20.2%
76 ABT 0.25% 804,921 $109M $136.01 -$2M -39,025 -4.6%
77 ELS 0.25% 1,771,803 $109M $61.67 $102M +1,662,458 +1520.4%
78 DIS 0.25% 869,830 $108M $124.01 $20M -20,470 -2.3%
79 UNP 0.24% 451,650 $104M $230.08 -$4M -6,264 -1.4%
80 FTNT 0.24% 982,106 $104M $105.72 $16M +73,672 +8.1%
81 ACN 0.24% 344,215 $103M $298.89 -$7M -6,468 -1.8%
82 CAT 0.23% 260,759 $101M $388.21 $9M -18,196 -6.5%
83 ODFL 0.23% 623,217 $101M $162.30 -$36M -203,457 -24.6%
84 TT 0.23% 228,271 $100M $437.41 -$24M -140,488 -38.1%
85 MCD 0.23% 338,208 $99M $292.17 -$12M -15,956 -4.5%
86 TAP 0.23% 2,044,028 $98M $48.09 $69M +1,554,851 +317.9%
87 URI 0.22% 129,754 $98M $753.40 $37M +32,299 +33.1%
88 BRK-A 0.22% 134 $98M $728,800.00 -$15M -7 -5.0%
89 UBER 0.22% 1,024,614 $96M $93.30 $25M +58,961 +6.1%
90 SPGI 0.22% 180,245 $95M $527.29 -$59K -6,923 -3.7%
91 TMUS 0.22% 398,562 $95M $238.26 -$13M -6,967 -1.7%
92 ANTM 0.21% 239,386 $93M $388.96 -$12M -2,715 -1.1%
93 RTX 0.21% 634,560 $93M $146.02 $6M -19,413 -3.0%
94 REXR 0.21% 2,577,210 $92M $35.57 +2,577,210 NEW
95 AIT 0.21% 393,743 $92M $232.45 $39M +161,048 +69.2%
96 SNPS 0.21% 177,385 $91M $512.68 $15M +352 +0.2%
97 PCAR 0.21% 950,816 $90M $95.06 -$3M -9,810 -1.0%
98 MS 0.21% 638,958 $90M $140.86 $12M -25,449 -3.8%
99 VZ 0.20% 2,005,921 $87M $43.27 -$8M -87,657 -4.2%
100 LAD 0.20% 256,824 $87M $337.82 -$13M -82,116 -24.2%

New Positions

SymbolValue% Port
REXR $92M 0.21%
BRKRP $32M 0.07%
RAL $3M 0.01%
B $2M —%
BEPC $575K —%
AGI $484K —%
MRP $332K —%
EMRAF $221K —%
LEN-B $28K —%

Sold Out Positions

SymbolValue% Port
ALB —%
AIZ —%
DINO —%
HII —%
AES —%
BIO —%
CE —%
LUV —%
KNX —%
OVV —%
BEKE —%
PII —%
CRBG —%
AOS —%
CRL —%
View SEC EDGAR Filings for ROYAL LONDON ASSET MANAGEMENT LTD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms