Te Ahumairangi Investment Management Ltd

Fundamental diversified ★Signal CIK 1832237
League rank
#784
in Fundamental diversified · #6520 overall
Long book
$597.0M
Q1 2026
Positions
86
Top-10 weight
37%
concentration
Last quarter
+7.7%
SPY +14.8%
Turnover
2%
of book per quarter

Strategy in plain words

auto-generated from filings

Te Ahumairangi Investment Management Ltd is a diversified fundamental manager, running a $597.0M US long book across 86 positions.

The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, VERIZON COMMUNICATIONS INC, APPLE INC, ALPHABET INC-CL A, EVEREST GROUP LTD.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 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
Q1 2024
+1.2%
Q2 2024
+7.7%
Q3 2024
-1.2%
Q4 2024
+4.1%
Q1 2025
+6.8%
Q2 2025
+6.9%
Q3 2025
+2.9%
Q4 2025
-0.2%
Q1 2026
+7.7%

Sector allocation

Technology
34%
Healthcare
16%
Financials
10%
Communications
8%
Consumer discretionary
7%
Services media
5%
Other
5%
Materials
4%

Long book by quarter

$575.5M
Q1 2024
$520.5M
Q2 2024
$564.1M
Q3 2024
$478.5M
Q4 2024
$472.5M
Q1 2025
$558.6M
Q2 2025
$588.5M
Q3 2025
$558.1M
Q4 2025
$597.0M
Q1 2026

What does Te Ahumairangi own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology144.2K$53.4M8.9%+40.7%
VZ VERIZON COMMUNICATIONS INCCommunications693.4K$34.8M5.8%-20.2%
AAPL APPLE INCTechnology116.3K$29.5M4.9%+9.5%
GOOGL ALPHABET INC-CL ATechnology90.5K$26.0M4.4%-2.4%
EG EVEREST GROUP LTDFinancials53.2K$17.4M2.9%+17.5%
VRSN VERISIGN INCTechnology56.7K$14.1M2.4%+9.2%
CSCO CISCO SYSTEMS INCTechnology159.0K$12.3M2.1%+5.6%
NVDA NVIDIA CORPTechnology69.6K$12.1M2.0%+41.4%
TTE TOTALENERGIES SEEnergy124.2K$11.6M1.9%New
T AT&T INCCommunications372.8K$10.8M1.8%-15.5%
V VISA INC-CLASS A SHARESServices media35.1K$10.6M1.8%+18.5%
CPW CHECK POINT SOFTWARE TECH72.4K$10.3M1.7%+17.5%
META META PLATFORMS INC-CLASS ATechnology17.5K$10.0M1.7%+4.4%
KR KROGER COConsumer discretionary136.4K$9.9M1.7%-5.4%
MDT MEDTRONIC PLCHealthcare110.1K$9.5M1.6%+59.9%
AMZN AMAZON.COM INCConsumer discretionary44.3K$9.2M1.5%+27.4%
DVA DAVITA INCHealthcare59.3K$9.1M1.5%-24.9%
GWW WW GRAINGER INCConsumer discretionary8.3K$9.1M1.5%-8.1%
C CITIGROUP INCFinancials76.8K$8.7M1.5%-3.3%
TRV TRAVELERS COS INC/THEFinancials29.4K$8.6M1.4%+2.5%
ED CONSOLIDATED EDISON INCUtilities74.6K$8.4M1.4%-2.9%
NEM NEWMONT CORPMaterials76.8K$8.3M1.4%-3.2%
JNJ JOHNSON & JOHNSONHealthcare33.9K$8.3M1.4%-16.9%
PG PROCTER & GAMBLE CO/THEOther55.5K$8.0M1.3%+2.8%
MRK MERCK & CO. INC.Healthcare63.6K$7.6M1.3%-22.7%
EXC EXELON CORPUtilities137.6K$6.7M1.1%+18.1%
GILD GILEAD SCIENCES INCHealthcare46.9K$6.5M1.1%-9.9%
DIS WALT DISNEY CO/THEServices media66.8K$6.4M1.1%+24.5%
AZN ASTRAZENECA PLCHealthcare32.5K$6.3M1.1%New
LH LABCORP HOLDINGS INCHealthcare23.1K$6.2M1.0%+1.2%
AEM AGNICO EAGLE MINES LTDMaterials29.8K$6.0M1.0%+6.7%
GOOG ALPHABET INC-CL CTechnology20.9K$6.0M1.0%+107.1%
PFE PFIZER INCHealthcare211.1K$5.9M1.0%+0.2%
DGX QUEST DIAGNOSTICS INCHealthcare30.2K$5.9M1.0%-12.5%
AVGO BROADCOM INCTechnology19.0K$5.9M1.0%+23.6%
CL COLGATE-PALMOLIVE COOther66.8K$5.7M1.0%-3.6%
NFLX NETFLIX INCServices media57.6K$5.5M0.9%+36.8%
ADBE ADOBE INCTechnology22.5K$5.5M0.9%+71.4%
GM GENERAL MOTORS COIndustrials71.4K$5.3M0.9%+10.8%
MRSH MARSH & MCLENNAN COSFinancials30.5K$5.3M0.9%+23.7%
CAH CARDINAL HEALTH INCConsumer discretionary24.1K$5.1M0.9%-0.2%
CI THE CIGNA GROUPFinancials19.0K$5.1M0.8%+11.7%
ABBV ABBVIE INCHealthcare22.8K$5.0M0.8%+12.0%
HCA HCA HEALTHCARE INCHealthcare10.0K$4.8M0.8%-7.3%
RY ROYAL BANK OF CANADAFinancials29.2K$4.7M0.8%+21.5%
BMY BRISTOL-MYERS SQUIBB COHealthcare75.4K$4.6M0.8%-2.9%
IBM INTL BUSINESS MACHINES CORPTechnology18.7K$4.5M0.8%+15.3%
MCK MCKESSON CORPConsumer discretionary5.2K$4.5M0.8%-14.7%
KGC KINROSS GOLD CORPMaterials146.4K$4.5M0.7%+0.5%
ARW ARROW ELECTRONICS INCConsumer discretionary30.3K$4.4M0.7%-11.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202686$597.0M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202684$558.1M canonicalSEC ↗
Q3 202513F-HRNov 13, 202585$588.5M canonicalSEC ↗
Q2 202513F-HRAug 13, 202587$558.6M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 15, 202584$472.5M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 12, 202581$478.5M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 21, 202483$564.1M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 14, 202486$520.5M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 10, 202484$575.5M $K fixed canonicalSEC ↗