ROYAL LONDON ASSET MANAGEMENT LTD
Long book
$47.68B
Q1 2026
Positions
688
Top-10 weight
36%
concentration
Last quarter
+14.0%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsROYAL LONDON ASSET MANAGEMENT LTD is an institutional manager, running a $47.68B US long book across 688 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ASTRAZENECA PLC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 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
+3.5%
Q2 2024
+5.6%
Q3 2024
+1.7%
Q4 2024
-3.9%
Q1 2025
+11.4%
Q2 2025
+7.3%
Q3 2025
+2.9%
Q4 2025
-4.4%
Q1 2026
+14.0%
Sector allocation
Technology 38%
Healthcare 12%
Financials 10%
Industrials 10%
Consumer discretionary 9%
Services media 6%
Energy 3%
Other 3%
Long book by quarter
What does ROYAL LONDON own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 17.9M | $3.13B | 6.6% | +1.7% |
| AAPL APPLE INC | Technology | 10.0M | $2.53B | 5.3% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 5.7M | $2.10B | 4.4% | -4.6% |
| AZN ASTRAZENECA PLC | Healthcare | 10.3M | $2.03B | 4.3% | New |
| GOOGL ALPHABET INC-CL A | Technology | 7.0M | $2.02B | 4.2% | -0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.8M | $1.84B | 3.9% | +3.5% |
| AVGO BROADCOM INC | Technology | 4.1M | $1.26B | 2.6% | +4.1% |
| META META PLATFORMS INC-CLASS A | Technology | 1.3M | $765.5M | 1.6% | +0.6% |
| V VISA INC-CLASS A SHARES | Services media | 2.2M | $676.8M | 1.4% | -5.1% |
| JPM JPMORGAN CHASE & CO | Financials | 2.2M | $653.0M | 1.4% | -0.4% |
| LLY ELI LILLY & CO | Healthcare | 656.6K | $603.9M | 1.3% | -11.3% |
| GOOG ALPHABET INC-CL C | Technology | 2.0M | $583.8M | 1.2% | +2.1% |
| TSLA TESLA INC | Industrials | 1.6M | $581.1M | 1.2% | +2.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 954.6K | $457.4M | 1.0% | +1.4% |
| MELI MERCADOLIBRE INC | Services media | 220.7K | $381.5M | 0.8% | -3.0% |
| XOM EXXON MOBIL CORP | Energy | 2.2M | $379.7M | 0.8% | -0.6% |
| MRK MERCK & CO. INC. | Healthcare | 2.9M | $348.4M | 0.7% | -9.4% |
| MU MICRON TECHNOLOGY INC | Technology | 975.3K | $329.5M | 0.7% | -12.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2M | $294.0M | 0.6% | +5.4% |
| ABBV ABBVIE INC | Healthcare | 1.4M | $294.0M | 0.6% | +2.8% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 5.8M | $284.2M | 0.6% | +1.1% |
| NFLX NETFLIX INC | Services media | 2.9M | $278.2M | 0.6% | +0.8% |
| LIN LINDE PLC | Materials | 559.4K | $277.3M | 0.6% | -8.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 577.1K | $273.1M | 0.6% | -20.8% |
| WMT WALMART INC | Consumer discretionary | 2.1M | $265.7M | 0.6% | +1.4% |
| HD HOME DEPOT INC | Consumer discretionary | 805.9K | $265.1M | 0.6% | +1.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 508.5K | $250.0M | 0.5% | -6.0% |
| WAB WABTEC CORP | Industrials | 992.4K | $248.0M | 0.5% | -13.0% |
| CSCO CISCO SYSTEMS INC | Technology | 3.1M | $243.4M | 0.5% | -1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.7M | $242.3M | 0.5% | +5.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 235.0K | $234.2M | 0.5% | +2.9% |
| PEP PEPSICO INC | Consumer staples | 1.4M | $216.5M | 0.5% | +1.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 254.7K | $215.5M | 0.5% | 0.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.0M | $210.1M | 0.4% | +33.2% |
| MA MASTERCARD INC - A | Services media | 419.9K | $209.8M | 0.4% | +0.9% |
| CVX CHEVRON CORP | Energy | 1.0M | $208.1M | 0.4% | -0.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 755.6K | $204.5M | 0.4% | +0.7% |
| INTC INTEL CORP | Technology | 4.6M | $202.9M | 0.4% | +0.3% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.2M | $200.9M | 0.4% | +0.6% |
| STLD STEEL DYNAMICS INC | Industrials | 1.1M | $197.9M | 0.4% | -28.0% |
| TTE TOTALENERGIES SE | Energy | 2.1M | $194.8M | 0.4% | +0.4% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 420.8K | $194.0M | 0.4% | +5.2% |
| VRT VERTIV HOLDINGS CO-A | Technology | 761.7K | $190.9M | 0.4% | -16.4% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 138.3K | $190.7M | 0.4% | -29.0% |
| NXT NEXTPOWER INC-CL A | Technology | 1.6M | $187.9M | 0.4% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 967.0K | $187.7M | 0.4% | -12.0% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 3.8M | $182.7M | 0.4% | +2019.5% |
| KMI KINDER MORGAN INC | Utilities | 5.4M | $180.1M | 0.4% | -0.8% |
| CAT CATERPILLAR INC | Industrials | 248.9K | $176.3M | 0.4% | -1.3% |
| CB CHUBB LTD | Financials | 534.9K | $174.3M | 0.4% | +156.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 688 | $47.68B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 702 | $47.53B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 688 | $46.52B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 829 | $43.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 744 | $42.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 632 | $41.01B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 635 | $40.61B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 666 | $39.17B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 668 | $40.12B | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P