Mediolanum International Funds Ltd
Long book
$9.42B
Q1 2026
Positions
431
Top-10 weight
32%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsMediolanum International Funds Ltd is an institutional manager, running a $9.42B US long book across 431 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, BROADCOM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.2%
Q2 2024
+5.2%
Q3 2024
+0.7%
Q4 2024
-4.2%
Q1 2025
+11.3%
Q2 2025
+7.7%
Q3 2025
+2.6%
Q4 2025
-4.8%
Q1 2026
+14.4%
Sector allocation
Technology 41%
Industrials 10%
Financials 10%
Consumer discretionary 9%
Healthcare 9%
Services media 6%
Energy 4%
Other 4%
Long book by quarter
What does Mediolanum International own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 3.7M | $616.3M | 6.5% | -4.6% |
| AAPL APPLE INC | Technology | 2.4M | $591.7M | 6.3% | +10.0% |
| MSFT MICROSOFT CORP | Technology | 1.1M | $408.6M | 4.3% | +8.5% |
| AVGO BROADCOM INC | Technology | 846.4K | $248.3M | 2.6% | +15.7% |
| GOOGL ALPHABET INC-CL A | Technology | 886.8K | $242.5M | 2.6% | +5.8% |
| GOOG ALPHABET INC-CL C | Technology | 801.0K | $218.8M | 2.3% | +3.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1M | $215.1M | 2.3% | -5.8% |
| META META PLATFORMS INC-CLASS A | Technology | 342.9K | $183.9M | 2.0% | +5.6% |
| LLY ELI LILLY & CO | Healthcare | 169.2K | $150.0M | 1.6% | +8.7% |
| XOM EXXON MOBIL CORP | Energy | 651.6K | $111.7M | 1.2% | +9.9% |
| TSLA TESLA INC | Industrials | 298.1K | $105.9M | 1.1% | -22.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 410.6K | $99.6M | 1.1% | +4.7% |
| JPM JPMORGAN CHASE & CO | Financials | 326.2K | $92.6M | 1.0% | +2.9% |
| V VISA INC-CLASS A SHARES | Services media | 308.7K | $92.5M | 1.0% | -6.5% |
| NFLX NETFLIX INC | Services media | 921.4K | $85.7M | 0.9% | +116.0% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 1.4M | $82.9M | 0.9% | +11.7% |
| LRCX LAM RESEARCH CORP | Industrials | 411.3K | $82.2M | 0.9% | -2.8% |
| CSCO CISCO SYSTEMS INC | Technology | 1.1M | $82.1M | 0.9% | +12.3% |
| ANET ARISTA NETWORKS INC | Technology | 700.0K | $81.3M | 0.9% | +54.5% |
| MU MICRON TECHNOLOGY INC | Technology | 248.7K | $80.0M | 0.8% | +47.6% |
| MA MASTERCARD INC - A | Services media | 154.7K | $76.4M | 0.8% | +31.6% |
| CAT CATERPILLAR INC | Industrials | 113.5K | $75.8M | 0.8% | +13.6% |
| C CITIGROUP INC | Financials | 643.6K | $69.0M | 0.7% | -5.8% |
| APH AMPHENOL CORP-CL A | Technology | 573.9K | $68.4M | 0.7% | +143.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 67.1K | $66.9M | 0.7% | +7.6% |
| GE GENERAL ELECTRIC | Industrials | 235.0K | $64.2M | 0.7% | 0.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 465.8K | $64.1M | 0.7% | +14.3% |
| GEV GE VERNOVA INC | Industrials | 74.7K | $61.0M | 0.6% | +66.5% |
| MRK MERCK & CO. INC. | Healthcare | 513.8K | $60.7M | 0.6% | -43.9% |
| KO COCA-COLA CO/THE | Consumer staples | 754.8K | $57.6M | 0.6% | +1.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 395.4K | $57.2M | 0.6% | +199.6% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 279.6K | $54.0M | 0.6% | +41.0% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 71.2K | $53.4M | 0.6% | +56.4% |
| TGT TARGET CORP | Consumer discretionary | 436.9K | $51.9M | 0.6% | +2894.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 312.6K | $48.7M | 0.5% | -21.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 518.2K | $48.2M | 0.5% | +11.3% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 100.5K | $47.7M | 0.5% | +282.3% |
| DVN DEVON ENERGY CORP | Energy | 913.7K | $47.1M | 0.5% | +88.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 914.8K | $46.0M | 0.5% | +942.3% |
| KLAC KLA CORP | Other | 30.7K | $42.5M | 0.5% | -15.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 88.4K | $42.0M | 0.4% | -28.0% |
| AMAT APPLIED MATERIALS INC | Technology | 129.0K | $41.7M | 0.4% | +135.3% |
| ORCL ORACLE CORP | Technology | 299.7K | $41.6M | 0.4% | +154.2% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 138.9K | $41.1M | 0.4% | -11.2% |
| PEP PEPSICO INC | Consumer staples | 254.7K | $39.9M | 0.4% | +22.4% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 113.7K | $38.7M | 0.4% | +56.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 196.4K | $38.5M | 0.4% | +69.2% |
| GM GENERAL MOTORS CO | Industrials | 524.2K | $38.1M | 0.4% | -19.9% |
| PFE PFIZER INC | Healthcare | 1.4M | $38.1M | 0.4% | +799.8% |
| CL COLGATE-PALMOLIVE CO | Other | 441.1K | $37.8M | 0.4% | +21.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 431 | $9.42B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 408 | $10.01B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 410 | $9.51B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 399 | $8.35B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 427 | $7.21B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 428 | $7.71B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 431 | $7.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 393 | $6.11B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 377 | $6.15B | canonical | SEC ↗ |
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