WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST

CIK

1026720

Location

LONDON, X0

Portfolio Value

Mid $7,846,056,644

Diversification

Diversified

Filing Date

Global Rank

#25 / 1,340 ▲ 495

Top Industry

Internet Retail 17.1%

3Y Alpha vs SPY

-10.0%

Period ended 18 days ago

Filed Jul 9, 2026 · 9d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+34.0%

SPY

+69.4%

Annualised alpha

-9.0%

Max drawdown

−18.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

17 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.5%

+0.2 pts

Top 5

48.0%

+2.3 pts

Top 10

81.3%

+4.3 pts

HHI

754

Diversified+44

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	32.0%	$2,507,544,543	5
Consumer Cyclical	18.6%	$1,463,262,000	3
Financial Services	16.0%	$1,255,848,801	3
Healthcare	14.3%	$1,124,122,500	3
Communication Services	8.2%	$643,266,000	1
Basic Materials	7.4%	$581,212,800	1
Consumer Defensive	3.5%	$270,800,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	+195,117	1,695,117	$632,312,543
MA	Mastercard Inc	+47,500	717,500	$368,508,000
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
MDLN	Medline Inc.	146,602	$6,523,789
NMRA	Neumora Therapeutics, Inc.	3,309,123	$6,452,789
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

17 positions · $7,846,056,644 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
V	Visa Inc. Financial Services	Held	2,400,000	0	$823,416,000	+13.5%	10.49%
AAPL	Apple Inc. Technology	Held	2,800,000	0	$810,208,000	+14.0%	10.33%
AMZN	Amazon Com Inc Consumer Cyclical	Held	3,300,000	0	$786,522,000	+14.4%	10.02%
CSCO	Cisco Systems, Inc. Technology	Held	6,000,000	0	$704,760,000	+51.4%	8.98%
GOOGL	Alphabet Inc. Communication Services	Held	1,800,000	0	$643,266,000	+24.3%	8.20%
MSFT	Microsoft Corp Technology	Added	1,695,117	+195,117	$632,312,543	+13.9%	8.06%
LIN	Linde PLC Basic Materials	Held	1,120,000	0	$581,212,800	+4.7%	7.41%
DASH	DoorDash, Inc. Consumer Cyclical	Held	3,000,000	0	$553,590,000	+22.9%	7.06%
EW	Edwards Lifesciences Corp Healthcare	Held	4,800,000	0	$434,208,000	+13.0%	5.53%
JNJ	Johnson & Johnson Healthcare	Held	1,600,000	0	$406,352,000	+3.9%	5.18%
MA	Mastercard Inc Financial Services	Added	717,500	+47,500	$368,508,000	+10.1%	4.70%
ABT	Abbott Laboratories Healthcare	Held	3,125,000	0	$283,562,500	−11.6%	3.61%
PEP	Pepsico Inc Consumer Defensive	Held	2,000,000	0	$270,800,000	−12.8%	3.45%
NOW	ServiceNow, Inc. Technology	Held	2,250,000	0	$223,380,000	−5.0%	2.85%
ACN	Accenture plc Technology	Held	1,100,000	0	$136,884,000	−37.2%	1.74%
NKE	NIKE, Inc. Consumer Cyclical	Held	3,000,000	0	$123,150,000	−22.3%	1.57%
KLAR	Klarna Group plc Financial Services	Held	3,158,340	0	$63,924,801	+54.6%	0.81%