Amanah Holdings Trust
Long book
$908.2M
Q1 2026
Positions
20
Top-10 weight
86%
concentration
Last quarter
+55.0%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsAmanah Holdings Trust is a concentrated fundamental stock-picker, specialised in technology (68% of the long book), running a $908.2M US long book across 20 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SANDISK CORP, SEAGATE TECHNOLOGY HOLDINGS, LUMENTUM HOLDINGS INC, ELI LILLY & CO, WESTERN DIGITAL CORP.
Over the last 4 quarters its long book ran on average 22.3pp per quarter ahead of the S&P 500, beating the index in 3 of 4 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2025
+23.7%
Q3 2025
-2.6%
Q4 2025
+34.3%
Q1 2026
+55.0%
Sector allocation
Technology 60%
Other 14%
Healthcare 12%
Industrials 6%
Consumer discretionary 6%
Communications 2%
Materials 1%
Long book by quarter
What does Amanah Holdings own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SNDK SANDISK CORP | Technology | 250.0K | $158.8M | 17.5% | Held |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 289.8K | $113.5M | 12.5% | Held |
| LITE LUMENTUM HOLDINGS INC | Technology | 135.0K | $94.9M | 10.4% | Held |
| LLY ELI LILLY & CO | Healthcare | 100.0K | $92.0M | 10.1% | Held |
| WDC WESTERN DIGITAL CORP | Technology | 315.0K | $85.2M | 9.4% | Held |
| CIEN CIENA CORP | Technology | 200.0K | $77.6M | 8.5% | Held |
| APH AMPHENOL CORP-CL A | Technology | 382.7K | $48.4M | 5.3% | Held |
| GEV GE VERNOVA INC | Industrials | 52.1K | $45.5M | 5.0% | Held |
| TER TERADYNE INC | Technology | 110.0K | $32.6M | 3.6% | Held |
| CVNA CARVANA CO | Consumer discretionary | 91.5K | $28.8M | 3.2% | Held |
| AEIS ADVANCED ENERGY INDUSTRIES | Technology | 85.0K | $27.4M | 3.0% | Held |
| GWW WW GRAINGER INC | Consumer discretionary | 21.0K | $22.9M | 2.5% | Held |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 12.0K | $15.1M | 1.7% | Held |
| EPAM EPAM SYSTEMS INC | Technology | 110.0K | $14.9M | 1.6% | Held |
| ECHO ECHOSTAR CORP-A | Communications | 115.0K | $13.5M | 1.5% | Held |
| ALB ALBEMARLE CORP | Materials | 135.0K | $9.7M | 1.1% | Held |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 110.0K | $7.9M | 0.9% | Held |
| MT ARCELORMITTAL-NY REGISTERED | Industrials | 148.0K | $7.7M | 0.8% | Held |