MILFORD FUNDS LTD

CIK

1775715

Location

AUCKLAND, Q2

Portfolio Value

Mid $5,777,178,503

Diversification

Diversified

Filing Date

Global Rank

#159 / 4,286 ▲ 484

Top Industry

Semiconductors 17.0%

3Y Alpha vs SPY

-11.9%

Period ended 37 days ago

Filed Jul 30, 2026 · 7d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+8.5%

SPY

+13.5%

Annualised alpha

-11.9%

Max drawdown

−9.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 2 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

7.0%

+1.2 pts

Top 5

31.3%

+6.1 pts

Top 10

46.1%

+2.8 pts

HHI

309

Diversified+25

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	33.1%	$1,909,367,483	22
Industrials	15.1%	$873,285,495	10
Financial Services	10.1%	$582,713,705	10
Healthcare	9.8%	$566,356,059	12
Consumer Cyclical	9.5%	$549,080,857	7
Energy	6.1%	$349,650,215	8
Real Estate	5.3%	$307,383,685	6
Utilities	4.3%	$251,169,937	7
Communication Services	4.2%	$244,959,216	3
Basic Materials	1.9%	$109,076,590	2
Consumer Defensive	0.3%	$19,058,826	1
Unclassified	0.3%	$15,076,435	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+785,842	2,008,089	$401,798,528
SLB	Slb Limited/Nv	+695,352	822,856	$38,254,575
APG	APi Group Corp	+629,585	2,814,037	$119,174,466
AAPL	Apple Inc.	+602,920	1,144,314	$331,118,699
BP	Bp PLC	+555,411	1,435,411	$53,038,436
AMZN	Amazon Com Inc	+494,019	1,670,487	$398,143,871
CP	Canadian Pacific Kansas City Ltd/Cn	+384,731	684,565	$59,317,557
CBRE	Cbre Group, Inc.	+360,000	465,564	$62,706,815
MSFT	Microsoft Corp	+276,841	1,016,770	$379,275,545
RYAAY	Ryanair Holdings PLC	+256,253	1,263,847	$81,834,093
UNP	Union Pacific Corp	+225,523	443,806	$120,715,232
LNG	Cheniere Energy, Inc.	+157,951	221,631	$52,972,025
V	Visa Inc.	+139,308	167,308	$57,401,701
RIO	Rio Tinto PLC	+129,556	800,895	$76,028,962
META	Meta Platforms, Inc.	+111,144	336,824	$189,729,590
JPM	Jpmorgan Chase & Co	+95,513	284,028	$92,970,885
DHR	Danaher Corp /De/	+88,026	224,115	$42,689,425
WAT	Waters Corp /De/	+68,768	135,437	$50,794,292
CEG	Constellation Energy Corp	+62,223	63,723	$15,826,881
AVGO	Broadcom Inc.	+56,141	309,303	$116,839,208
AJG	Arthur J. Gallagher & Co.	+49,141	407,718	$93,599,821
HCA	HCA Healthcare, Inc.	+49,041	210,739	$82,165,028
UBER	Uber Technologies, Inc	+46,046	198,376	$14,314,812
CFG	Citizens Financial Group Inc/Ri	+42,000	135,000	$9,459,450
AMD	Advanced Micro Devices Inc	+39,656	126,671	$73,584,450
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ARMK	Aramark	−832,152	5,206,279	$296,237,275
GPK	Graphic Packaging Holding Co	−740,000	440,110	$4,651,962
GOOGL	Alphabet Inc.	−622,929	1,000	$357,370
CCI	Crown Castle Inc.	−596,494	1,213,248	$91,879,271
SHEL	Shell plc	−579,976	1,629,520	$126,352,980
CRM	Salesforce, Inc.	−493,262	2,720	$426,115
GXO	GXO Logistics, Inc.	−480,085	519,977	$26,362,833
FISV	Fiserv Inc	−380,000	208,000	$10,202,400
NGG	National Grid PLC	−244,192	1,529,471	$126,747,261
PHM	Pultegroup Inc/Mi/	−178,168	312,140	$42,828,729
INTU	Intuit Inc.	−177,972	202,506	$52,854,066
BDX	Becton Dickinson & Co	−171,491	108,000	$16,343,640
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−157,362	484,461	$231,364,039
MU	Micron Technology Inc	−155,188	106,516	$122,950,353
NFLX	Netflix Inc	−142,306	768,519	$54,872,256
RMD	Resmed Inc	−140,000	10,000	$1,948,800
AMT	American Tower Corp /Ma/	−131,165	489,853	$80,125,255
CNP	Centerpoint Energy Inc	−121,494	208,322	$9,174,500
COP	Conocophillips	−110,000	547,947	$56,964,570
ICE	Intercontinental Exchange, Inc.	−109,826	87,228	$10,738,639
NEM	NEWMONT Corp /DE/	−81,185	353,829	$33,047,628
PLD	Prologis, Inc.	−76,679	295,893	$40,084,624
SBAC	Sba Communications Corp	−69,110	2,000	$352,920
BSX	Boston Scientific Corp	−40,737	2,169,484	$92,593,577
JLL	Jones Lang Lasalle Inc	−40,000	104,000	$32,234,800
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
JNJ	Johnson & Johnson	390,256	$99,113,316
IR	Ingersoll Rand Inc.	705,825	$57,870,591
FLS	Flowserve Corp	752,387	$55,797,019
MS	Morgan Stanley	264,258	$55,240,492
INTC	Intel Corp	212,918	$29,729,740
UNH	Unitedhealth Group Inc	68,386	$28,423,273
PANW	Palo Alto Networks Inc	80,722	$27,527,816
ORCL	Oracle Corp	157,195	$23,036,927
CVX	Chevron Corp	111,375	$18,461,520
SPCX	Space Exploration Technologies Corp	40,400	$6,902,744
SNDK	Sandisk Corp	3,005	$6,832,558
TXN	Texas Instruments Inc	16,714	$4,981,941
GLD	Spdr Gold Trust	13,231	$4,874,035
DDOG	Datadog, Inc.	17,768	$4,626,076
ADSK	Autodesk, Inc.	18,192	$3,536,888
VEEV	Veeva Systems Inc	9,648	$1,712,230
DELL	Dell Technologies Inc.	2,709	$1,168,825
TWLO	Twilio Inc	4,100	$845,953
AWK	American Water Works Company, Inc.	3,700	$486,846
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
CARR	CARRIER GLOBAL Corp	233,835	$13,167,248
TRU	TransUnion	123,797	$8,565,514
EFX	Equifax Inc	37,867	$6,818,710
IQV	Iqvia Holdings Inc.	6,732	$1,148,075
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

90 tracked positions · $5,777,178,503 total · filing declares 92 positions · $6,140,519,074 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 90 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	2,008,089	+785,842	$401,798,528	+88.5%	6.95%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,670,487	+494,019	$398,143,871	+62.5%	6.89%
MSFT	Microsoft Corp Technology	Added	1,016,770	+276,841	$379,275,545	+38.5%	6.57%
AAPL	Apple Inc. Technology	Added	1,144,314	+602,920	$331,118,699	+141.0%	5.73%
ARMK	Aramark Industrials	Reduced	5,206,279	-832,152	$296,237,275	+21.0%	5.13%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	484,461	-157,362	$231,364,039	+6.7%	4.00%
META	Meta Platforms, Inc. Communication Services	Added	336,824	+111,144	$189,729,590	+46.9%	3.28%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	3,170,053	-21,419	$180,629,619	+16.1%	3.13%
NGG	National Grid PLC Utilities	Reduced	1,529,471	-244,192	$126,747,261	−15.5%	2.19%
SHEL	Shell plc Energy	Reduced	1,629,520	-579,976	$126,352,980	−38.5%	2.19%
MU	Micron Technology Inc Technology	Reduced	106,516	-155,188	$122,950,353	+39.1%	2.13%
UNP	Union Pacific Corp Industrials	Added	443,806	+225,523	$120,715,232	+127.9%	2.09%
APG	APi Group Corp Industrials	Added	2,814,037	+629,585	$119,174,466	+34.6%	2.06%
AVGO	Broadcom Inc. Technology	Added	309,303	+56,141	$116,839,208	+49.1%	2.02%
JNJ	Johnson & Johnson Healthcare	NEW	390,256	NEW	$99,113,316	NEW	1.72%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	407,718	+49,141	$93,599,821	+20.5%	1.62%
JPM	Jpmorgan Chase & Co Financial Services	Added	284,028	+95,513	$92,970,885	+67.7%	1.61%
BSX	Boston Scientific Corp Healthcare	Reduced	2,169,484	-40,737	$92,593,577	−33.2%	1.60%
CCI	Crown Castle Inc. Real Estate	Reduced	1,213,248	-596,494	$91,879,271	−37.6%	1.59%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	169,454	+4,210	$84,957,457	+4.6%	1.47%
HCA	HCA Healthcare, Inc. Healthcare	Added	210,739	+49,041	$82,165,028	+7.4%	1.42%
RYAAY	Ryanair Holdings PLC Industrials	Added	1,263,847	+256,253	$81,834,093	+40.5%	1.42%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	489,853	-131,165	$80,125,255	−25.2%	1.39%
RIO	Rio Tinto PLC Basic Materials	Added	800,895	+129,556	$76,028,962	+21.4%	1.32%
AMAT	Applied Materials Inc /De Technology	Added	102,084	+22,539	$73,806,732	+171.5%	1.28%
AMD	Advanced Micro Devices Inc Technology	Added	126,671	+39,656	$73,584,450	+315.7%	1.27%
DUK	Duke Energy CORP Utilities	Reduced	552,093	-1,200	$69,883,931	−3.5%	1.21%
LLY	ELI LILLY & Co Healthcare	Added	53,305	+28,544	$63,935,621	+180.7%	1.11%
CBRE	Cbre Group, Inc. Real Estate	Added	465,564	+360,000	$62,706,815	+338.5%	1.09%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	684,565	+384,731	$59,317,557	+151.5%	1.03%
IR	Ingersoll Rand Inc. Industrials	NEW	705,825	NEW	$57,870,591	NEW	1.00%
V	Visa Inc. Financial Services	Added	167,308	+139,308	$57,401,701	+578.3%	0.99%
COP	Conocophillips Energy	Reduced	547,947	-110,000	$56,964,570	−34.4%	0.99%
FLS	Flowserve Corp Industrials	NEW	752,387	NEW	$55,797,019	NEW	0.97%
TOL	Toll Brothers, Inc. Consumer Cyclical	Reduced	335,735	-19,252	$55,312,341	+14.2%	0.96%
MS	Morgan Stanley Financial Services	NEW	264,258	NEW	$55,240,492	NEW	0.96%
NFLX	Netflix Inc Communication Services	Reduced	768,519	-142,306	$54,872,256	−37.3%	0.95%
BP	Bp PLC Energy	Added	1,435,411	+555,411	$53,038,436	+28.2%	0.92%
LNG	Cheniere Energy, Inc. Energy	Added	221,631	+157,951	$52,972,025	+193.2%	0.92%
INTU	Intuit Inc. Technology	Reduced	202,506	-177,972	$52,854,066	−67.9%	0.91%
WAT	Waters Corp /De/ Healthcare	Added	135,437	+68,768	$50,794,292	+155.8%	0.88%
TDG	TransDigm Group INC Industrials	Reduced	36,841	-1,242	$49,073,685	+11.2%	0.85%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Reduced	312,140	-178,168	$42,828,729	−25.7%	0.74%
DHR	Danaher Corp /De/ Healthcare	Added	224,115	+88,026	$42,689,425	+65.4%	0.74%
PLD	Prologis, Inc. Real Estate	Reduced	295,893	-76,679	$40,084,624	−18.6%	0.69%
SLB	Slb Limited/Nv Energy	Added	822,856	+695,352	$38,254,575	+483.8%	0.66%
MA	Mastercard Inc Financial Services	Reduced	71,339	-15,573	$36,639,710	−15.6%	0.63%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	353,829	-81,185	$33,047,628	−29.8%	0.57%
JLL	Jones Lang Lasalle Inc Real Estate	Reduced	104,000	-40,000	$32,234,800	−26.4%	0.56%
INTC	Intel Corp Technology	NEW	212,918	NEW	$29,729,740	NEW	0.51%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.