Legal & General Group Plc
Long book
$432.39B
Q1 2026
Positions
3362
Top-10 weight
32%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsLegal & General Group Plc is a mechanically diversified allocator, running a $432.39B US long book across 3362 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.7%
Q2 2024
+6.5%
Q3 2024
+2.0%
Q4 2024
-4.3%
Q1 2025
+11.0%
Q2 2025
+8.6%
Q3 2025
+2.5%
Q4 2025
-4.0%
Q1 2026
+14.8%
Sector allocation
Technology 39%
Financials 12%
Industrials 10%
Healthcare 9%
Consumer discretionary 8%
Services media 5%
Utilities 4%
Energy 3%
Long book by quarter
What does Legal & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 169.2M | $29.51B | 6.8% | -1.3% |
| AAPL APPLE INC | Technology | 108.1M | $27.44B | 6.3% | -2.1% |
| MSFT MICROSOFT CORP | Technology | 50.3M | $18.61B | 4.3% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 55.5M | $11.57B | 2.7% | -0.7% |
| GOOGL ALPHABET INC-CL A | Technology | 37.8M | $10.86B | 2.5% | -0.4% |
| AVGO BROADCOM INC | Technology | 32.2M | $9.96B | 2.3% | -3.9% |
| GOOG ALPHABET INC-CL C | Technology | 30.9M | $8.85B | 2.0% | -0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 14.3M | $8.18B | 1.9% | -0.3% |
| TSLA TESLA INC | Industrials | 20.2M | $7.51B | 1.7% | +0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 18.8M | $5.54B | 1.3% | -0.9% |
| AZN ASTRAZENECA PLC | Healthcare | 25.8M | $5.01B | 1.2% | New |
| LLY ELI LILLY & CO | Healthcare | 5.4M | $4.95B | 1.1% | +1.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 19.3M | $4.73B | 1.1% | +3.2% |
| V VISA INC-CLASS A SHARES | Services media | 12.6M | $3.79B | 0.9% | +1.5% |
| WMT WALMART INC | Consumer discretionary | 26.9M | $3.35B | 0.8% | -0.9% |
| XOM EXXON MOBIL CORP | Energy | 19.4M | $3.30B | 0.8% | -2.3% |
| MA MASTERCARD INC - A | Services media | 5.9M | $2.94B | 0.7% | +2.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.9M | $2.82B | 0.7% | -2.0% |
| CSCO CISCO SYSTEMS INC | Technology | 34.4M | $2.67B | 0.6% | -3.6% |
| ABBV ABBVIE INC | Healthcare | 12.2M | $2.64B | 0.6% | +0.2% |
| NFLX NETFLIX INC | Services media | 27.1M | $2.60B | 0.6% | +2.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.5M | $2.50B | 0.6% | +0.5% |
| MU MICRON TECHNOLOGY INC | Technology | 7.4M | $2.49B | 0.6% | +2.3% |
| LRCX LAM RESEARCH CORP | Industrials | 11.1M | $2.36B | 0.5% | +1.7% |
| MRK MERCK & CO. INC. | Healthcare | 19.5M | $2.35B | 0.5% | -1.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.2M | $2.34B | 0.5% | +0.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 11.3M | $2.29B | 0.5% | -1.6% |
| AMAT APPLIED MATERIALS INC | Technology | 6.4M | $2.19B | 0.5% | +0.6% |
| BAC BANK OF AMERICA CORP | Financials | 44.9M | $2.19B | 0.5% | -1.2% |
| CVX CHEVRON CORP | Energy | 10.1M | $2.09B | 0.5% | -1.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 13.9M | $2.03B | 0.5% | -1.3% |
| KO COCA-COLA CO/THE | Consumer staples | 26.5M | $2.02B | 0.5% | -0.3% |
| HD HOME DEPOT INC | Consumer discretionary | 6.1M | $2.02B | 0.5% | +0.3% |
| CAT CATERPILLAR INC | Industrials | 2.8M | $1.96B | 0.5% | +1.9% |
| GE GENERAL ELECTRIC | Industrials | 6.3M | $1.80B | 0.4% | -1.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.1M | $1.76B | 0.4% | +2.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 6.9M | $1.68B | 0.4% | -2.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 6.1M | $1.66B | 0.4% | +1.0% |
| WFC WELLS FARGO & CO | Financials | 20.6M | $1.64B | 0.4% | -2.9% |
| C CITIGROUP INC | Financials | 13.6M | $1.55B | 0.4% | -1.4% |
| NEE NEXTERA ENERGY INC | Utilities | 16.6M | $1.54B | 0.4% | -0.7% |
| GEV GE VERNOVA INC | Industrials | 1.8M | $1.54B | 0.4% | +1.3% |
| KLAC KLA CORP | Other | 1.0M | $1.52B | 0.4% | -0.5% |
| ORCL ORACLE CORP | Technology | 10.3M | $1.51B | 0.3% | -8.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.7M | $1.47B | 0.3% | +1.4% |
| INTC INTEL CORP | Technology | 33.1M | $1.46B | 0.3% | -2.5% |
| GILD GILEAD SCIENCES INC | Healthcare | 10.5M | $1.46B | 0.3% | +1.4% |
| LIN LINDE PLC | Materials | 2.9M | $1.45B | 0.3% | -0.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 28.1M | $1.41B | 0.3% | +0.4% |
| RY ROYAL BANK OF CANADA | Financials | 8.6M | $1.39B | 0.3% | -1.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 8115 | $432.39B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 8170 | $450.91B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 8196 | $445.76B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 8243 | $402.87B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 8275 | $367.23B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 8358 | $377.94B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Feb 28, 2025 | 8406 | $380.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8414 | $479.84B | SEC ↗ | |
| Q3 2024 | 13F-HR/ARESTATEMENT | Nov 14, 2024 | 8415 | $479.84B | SEC ↗ | |
| Q2 2024 | 13F-HR/ARESTATEMENT | May 29, 2025 | 8466 | $353.97B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 8475 | $446.73B | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 29, 2025 | 6711 | $347.32B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Jul 1, 2024 | 6719 | $428.36B | SEC ↗ | |
| Q1 2024 | 13F-HR | May 14, 2024 | 6699 | $425.34B | SEC ↗ |
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