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Troy Asset Management Ltd

Location
LONDON, X0
Portfolio Value
Mid $3,385,854,339
Diversification
Diversified
Filing Date
Global Rank
#686 / 8,232 ▼ 8
Top Industry
Credit Services 16.5%
3Y Alpha vs SPY
-8.1%
Period ended 2 months ago
Filed May 11, 2026 · 34d
25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio
+43.1%
SPY
+76.3%
Annualised alpha
-8.1%
Max drawdown
−13.9%

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

30 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025
Top Position
14.6%
−6.5 pts
Top 5
51.7%
−7.7 pts
Top 10
83.4%
−1.0 pts
HHI
801
Jun 2023 → Mar 2026 · range 591 – 1,001
Diversified−199

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026
Sector % Portfolio Value
Financial Services 27.8% $940,006,208
Technology 21.3% $722,878,827
Industrials 16.0% $542,039,059
Healthcare 14.8% $500,238,760
Communication Services 14.2% $479,443,650
Consumer Cyclical 3.1% $106,216,730
Consumer Defensive 2.8% $95,031,105

Last Quarter's Activity

Export CSV
Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased
7 positions
Ticker Δ Shares Shares Value Open

Trimmed

Positions the filer reduced
21 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
1 positions
Ticker Shares Value Open

Sold Out

Positions the filer fully exited
1 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
30 positions · $3,385,854,339 total · as of Mar 31, 2026
Ticker Company Shares Value (USD) % of Portfolio History