WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST
Filing Date
Global Rank
#390
/ 8,232
▼ 2
Top Industry
Internet Retail
16.1%
3Y Alpha vs SPY
-10.4%
Period ended 2 months ago
Filed Apr 22, 2026 · 53d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+34.7%
SPY
+76.3%
Annualised alpha
-10.4%
Max drawdown
−18.2%
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
18 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
10.3%
+0.0 pts
Top 5
45.7%
−0.1 pts
Top 10
77.0%
+3.1 pts
HHI
710
Diversified+34
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 30.9% | $2,184,763,500 |
| Consumer Cyclical | 18.3% | $1,296,201,000 |
| Healthcare | 15.6% | $1,102,855,539 |
| Financial Services | 15.6% | $1,101,490,870 |
| Basic Materials | 7.9% | $555,251,200 |
| Communication Services | 7.3% | $517,608,000 |
| Consumer Defensive | 4.4% | $310,580,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MA | Mastercard Inc | +75,000 | 670,000 | $334,772,200 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MDLN | Medline Inc. | 146,602 | $6,523,789 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ADBE | Adobe Inc. | 750,000 | $262,492,500 | |
| No positions match the current search. | ||||
5 positions ·
$2,184,763,500 total
· Technology only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Held | 2,800,000 | $710,612,000 | 32.53% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 1,500,000 | $555,255,000 | 25.41% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Held | 6,000,000 | $465,540,000 | 21.31% | |
| NOW |
ServiceNow, Inc.
Technology
|
Held | 2,250,000 | $235,237,500 | 10.77% | |
| ACN |
Accenture plc
Technology
|
Held | 1,100,000 | $218,119,000 | 9.98% |