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Asset Manager ← All Institutions

ROYAL LONDON ASSET MANAGEMENT LTD

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

Q4 2025 · Filed 2026-02-13
Market Value
$47.3B
+2.1%
Holdings
689
-14
New Purchases
20
Added To
262
Closed
7
Reduced
358
Top 10 Concentration
37.2%
Turnover
3.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 4.65% 3.94% +0.71% $2.2B
LLY 1.68% 1.23% +0.45% $795M
TOTB.DE 0.29% 0.00% +0.29% $140M
GOOG 1.32% 1.05% +0.27% $626M
MU 0.68% 0.41% +0.26% $320M
RACE 0.26% 0.05% +0.21% $123M
AAPL 5.71% 5.50% +0.21% $2.7B
QCOM 0.38% 0.18% +0.20% $179M
APG 0.21% 0.04% +0.17% $100M
KMI 0.31% 0.17% +0.14% $149M
ISRG 0.48% 0.34% +0.14% $226M
MRK 0.71% 0.58% +0.13% $337M
INTC 0.36% 0.24% +0.12% $169M
NVDA 6.95% 6.85% +0.10% $3.3B
ITW 0.18% 0.09% +0.09% $86M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 6.09% 6.87% -0.77% $2.9B
HCA 0.72% 1.01% -0.29% $340M
META 1.86% 2.10% -0.25% $878M
ORCL 0.45% 0.65% -0.20% $213M
MELI 0.97% 1.16% -0.19% $458M
AVGO 2.85% 3.03% -0.18% $1.4B
NFLX 0.57% 0.74% -0.17% $269M
LIN 0.55% 0.69% -0.14% $259M
BRO 0.12% 0.26% -0.14% $55M
HD 0.58% 0.69% -0.11% $275M
PGR 0.50% 0.60% -0.10% $238M
RS 0.05% 0.13% -0.08% $25M
ADBE 0.19% 0.26% -0.07% $88M
AMZN 4.17% 4.23% -0.07% $2.0B
V 1.75% 1.81% -0.06% $827M

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 58 $27.7B 58.5%
Large Cap 558 $18.1B 38.3%
Mid Cap 67 $1.5B 3.1%
Small Cap 5 $45M 0.1%
Micro Cap 1 $9K 0.0%

Portfolio Analytics

Avg Market Cap
$119.1B
Median Market Cap
$34.0B
Avg P/E
33.7
Median P/E
24.2
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
689
# ETFs / Funds
0

Top Holdings (689 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.95% 17,638,044 $3.3B $186.50 $115M +626,375 +3.7%
2 MSFT 6.09% 5,959,212 $2.9B $483.62 -$299M -182,362 -3.0%
3 AAPL 5.71% 9,934,207 $2.7B $271.86 $154M -65,674 -0.7%
4 GOOGL 4.65% 7,026,845 $2.2B $313.00 $374M -483,076 -6.4%
5 AMZN 4.17% 8,539,436 $2.0B $230.82 $10M -390,849 -4.4%
6 AVGO 2.85% 3,901,933 $1.4B $346.10 -$55M -356,737 -8.4%
7 META 1.86% 1,330,116 $878M $660.09 -$97M +2,766 +0.2%
8 V 1.75% 2,359,072 $827M $350.71 -$12M -101,024 -4.1%
9 LLY 1.68% 739,834 $795M $1,074.68 $226M -5,517 -0.7%
10 JPM 1.52% 2,228,116 $718M $322.22 $2M -42,663 -1.9%
11 TSLA 1.45% 1,527,328 $687M $449.72 $13M +11,093 +0.7%
12 GOOG 1.32% 1,994,263 $626M $313.80 $139M -3,856 -0.2%
13 TSM 1.22% 1,901,587 $578M $303.89 $48M +2,978 +0.2%
14 BRK-B 1.00% 940,993 $473M $502.65 $3M +5,563 +0.6%
15 MELI 0.97% 227,467 $458M $2,014.26 -$80M -3,026 -1.3%
16 HCA 0.72% 728,575 $340M $466.86 -$127M -368,376 -33.6%
17 MRK 0.71% 3,197,151 $337M $105.26 $68M -2,720 -0.1%
18 MU 0.68% 1,119,802 $320M $285.41 $129M -17,250 -1.5%
19 TMO 0.66% 540,925 $313M $579.45 $32M -40,352 -6.9%
20 ABBV 0.63% 1,314,868 $300M $228.49 -$2M +9,594 +0.7%
21 CNM 0.62% 5,688,595 $296M $51.97 $23M +632,077 +12.5%
22 HD 0.58% 798,289 $275M $344.10 -$44M +10,928 +1.4%
23 XOM 0.57% 2,250,678 $271M $120.34 $14M -26,358 -1.2%
24 NFLX 0.57% 2,869,405 $269M $93.76 -$75M +2,582,522 +900.2%
25 LIN 0.55% 607,811 $259M $426.39 -$62M -67,929 -10.1%
26 STLD 0.55% 1,526,106 $259M $169.45 -$20M -474,950 -23.7%
27 UNH 0.52% 750,245 $248M $330.11 -$13M -5,766 -0.8%
28 CSCO 0.52% 3,182,568 $245M $77.03 $27M -9,914 -0.3%
29 WAB 0.51% 1,140,215 $243M $213.45 $9M -28,563 -2.4%
30 PGR 0.50% 1,111,635 $238M $214.22 -$39M -12,054 -1.1%
31 MA 0.50% 416,234 $238M $570.88 -$585K -2,543 -0.6%
32 JNJ 0.50% 1,141,270 $236M $206.95 $31M +33,876 +3.1%
33 WMT 0.50% 2,108,698 $235M $111.41 $16M -14,035 -0.7%
34 PG 0.48% 1,584,236 $227M $143.31 -$14M +16,535 +1.1%
35 ISRG 0.48% 399,890 $226M $566.36 $70M +49,299 +14.1%
36 BKNG 0.48% 42,048 $225M $5,355.33 -$4M -313 -0.7%
37 INTU 0.47% 338,021 $224M $662.42 -$10M -4,200 -1.2%
38 GS 0.47% 254,606 $224M $879.00 $21M +57 +0.0%
39 ORCL 0.45% 1,091,686 $213M $194.91 -$91M +13,162 +1.2%
40 COST 0.42% 228,360 $197M $862.34 -$16M -1,757 -0.8%
41 PEP 0.42% 1,369,215 $197M $143.52 $6M +11,237 +0.8%
42 PLTR 0.42% 1,104,722 $196M $177.75 $3M +42,518 +4.0%
43 WRB 0.41% 2,790,374 $196M $70.12 -$16M +26,726 +1.0%
44 BLD 0.41% 466,677 $195M $417.19 $44M +80,864 +21.0%
45 PM 0.41% 1,207,282 $194M $160.40 $2M +27,331 +2.3%
46 TXN 0.40% 1,099,404 $191M $173.49 -$13M -11,755 -1.1%
47 FIX 0.38% 194,800 $182M $933.29 -$17M -45,748 -19.0%
48 QCOM 0.38% 1,048,625 $179M $171.05 $95M +539,172 +105.8%
49 BAC 0.38% 3,236,548 $178M $55.00 $8M -54,005 -1.6%
50 HDB 0.36% 4,709,766 $172M $36.54 $8M -106,335 -2.2%
51 INTC 0.36% 4,586,209 $169M $36.90 $58M +1,263,283 +38.0%
52 AMD 0.35% 775,431 $166M $214.16 $43M +14,717 +1.9%
53 UBS 0.35% 3,534,187 $164M $46.31 $17M -50,926 -1.4%
54 ADSK 0.33% 531,978 $157M $296.01 -$23M -36,328 -6.4%
55 FERG 0.33% 704,340 $157M $222.63 -$25M -106,553 -13.1%
56 GE 0.33% 502,772 $155M $308.03 $3M -2,424 -0.5%
57 SNPS 0.33% 329,357 $155M $469.72 -$24M -33,753 -9.3%
58 CVX 0.33% 1,011,367 $154M $152.41 -$5M -10,850 -1.1%
59 CME 0.32% 548,735 $150M $273.08 $5M +11,495 +2.1%
60 KMI 0.31% 5,415,176 $149M $27.49 $70M +2,625,119 +94.1%
61 VRT 0.31% 911,626 $148M $162.01 $13M +19,387 +2.2%
62 ADI 0.31% 541,423 $147M $271.20 $12M -7,172 -1.3%
63 CAT 0.31% 252,109 $144M $572.87 $23M -1,821 -0.7%
64 WFC 0.30% 1,540,269 $144M $93.20 $12M -29,723 -1.9%
65 AGCO 0.30% 1,343,230 $140M $104.32 -$9M -49,261 -3.5%
66 TOTB.DE 0.29% 2,133,432 $140M $65.42 +2,133,432 NEW
67 KO 0.29% 1,992,206 $139M $69.91 $6M -19,393 -1.0%
68 AMAT 0.29% 539,866 $139M $256.99 $28M -1,841 -0.3%
69 SCHW 0.28% 1,332,537 $133M $99.91 $7M +11,317 +0.9%
70 BLK 0.28% 123,026 $132M $1,070.34 -$11M +688 +0.6%
71 NOW 0.27% 848,587 $130M $153.19 -$26M +678,718 +399.6%
72 IBM 0.27% 438,306 $130M $296.21 $5M -5,101 -1.1%
73 STE 0.27% 502,704 $127M $253.52 $2M -4,597 -0.9%
74 VRTX 0.26% 273,433 $124M $453.36 $15M -3,763 -1.4%
75 RACE 0.26% 332,495 $123M $369.56 $101M +287,907 +645.7%
76 SYK 0.25% 341,368 $120M $351.47 -$6M +100 +0.0%
77 GM 0.25% 1,453,007 $118M $81.32 $30M +6,159 +0.4%
78 LRCX 0.25% 688,385 $118M $171.18 $24M -10,652 -1.5%
79 AEM 0.25% 689,171 $117M $169.53 $4M +22,283 +3.3%
80 MS 0.25% 656,132 $116M $177.53 $13M +7,675 +1.2%
81 UNP 0.24% 500,634 $116M $231.32 $11M +56,120 +12.6%
82 GEV 0.24% 175,369 $115M $653.57 $6M -1,944 -1.1%
83 CRM 0.24% 430,308 $114M $264.91 $12M -2,149 -0.5%
84 RTX 0.24% 610,695 $112M $183.40 $10M -358 -0.1%
85 AME 0.23% 538,103 $110M $205.31 $13M +21,427 +4.2%
86 C 0.22% 876,387 $102M $116.69 $12M -13,364 -1.5%
87 URI 0.21% 125,375 $101M $809.32 -$21M -2,805 -2.2%
88 ALNY 0.21% 253,072 $101M $397.65 -$17M -4,241 -1.6%
89 MCD 0.21% 328,481 $100M $305.63 $560K -39 -0.0%
90 APG 0.21% 2,613,877 $100M $38.26 $81M +2,054,527 +367.3%
91 PCAR 0.21% 912,871 $100M $109.51 $9M -12,080 -1.3%
92 ABT 0.21% 794,924 $100M $125.29 -$8M -7,237 -0.9%
93 DIS 0.21% 869,935 $99M $113.77 $836K +12,849 +1.5%
94 PLD 0.21% 773,287 $99M $127.66 $11M +4,754 +0.6%
95 ELS 0.21% 1,621,879 $98M $60.61 $6M +104,159 +6.9%
96 BRK-A 0.21% 129 $97M $754,800.00 -$677K -1 -0.8%
97 CRH.L 0.21% 777,754 $97M $124.80 $14M +83,820 +12.1%
98 PH 0.20% 109,151 $96M $878.96 $12M -1,171 -1.1%
99 REXR 0.20% 2,472,103 $96M $38.72 -$8M -62,754 -2.5%
100 TAP 0.20% 2,040,545 $95M $46.68 $9M +131,449 +6.9%

New Positions

SymbolValue% Port
TOTB.DE $140M 0.29%
CACI $22M 0.05%
MICC $14M 0.03%
Q $5M 0.01%
SOLS $3M 0.01%
INSM $1M —%
STNE $966K —%
CIEN $860K —%
CRDO $835K —%
ALAB $834K —%
BE $820K —%
YNDX $671K —%
RKT $638K —%
SATS $616K —%
IONQ $498K —%

Sold Out Positions

SymbolValue% Port
INFY —%
CCK —%
RAL —%
BMRN —%
LLYVK —%
AKAM —%
K —%
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