ROYAL LONDON ASSET MANAGEMENT LTD

CIK

863748

Location

UNITED KINGDOM, X0

Portfolio Value

Large $46,392,640,509

Diversification

Diversified

Filing Date

Global Rank

#149 / 8,603 ▲ 1 · as of Mar 2026

Top Industry

Semiconductors 13.6%

3Y Alpha vs SPY

-1.5%

Period ended 3 months ago

Filed May 1, 2026 · 2mo

25 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

+67.9%

SPY

+76.5%

Annualised alpha

-2.0%

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

677 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.7%

−0.4 pts

Top 5

25.5%

−2.8 pts

Top 10

36.7%

−1.5 pts

HHI

185

Diversified−22

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	31.1%	$14,427,855,902	122
Healthcare	14.0%	$6,495,695,840	66
Financial Services	12.1%	$5,615,429,169	103
Industrials	10.3%	$4,789,456,260	101
Consumer Cyclical	10.3%	$4,757,010,339	72
Communication Services	8.3%	$3,841,046,487	34
Consumer Defensive	4.7%	$2,170,586,934	40
Energy	3.3%	$1,533,442,788	33
Basic Materials	2.6%	$1,203,251,239	35
Utilities	1.7%	$788,238,077	35
Real Estate	1.6%	$756,414,824	35
Unclassified	0.0%	$14,212,650	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
RPRX	Royalty Pharma plc	+3,628,670	3,808,353	$182,686,693
EQT	EQT Corp	+1,460,205	1,722,422	$109,614,936
BKNG	Booking Holdings Inc.	+708,152	750,200	$126,343,282
APG	APi Group Corp	+458,047	3,071,924	$124,474,360
VZ	Verizon Communications Inc	+420,420	2,356,543	$118,298,458
MICC	Magnum Ice Cream Co N.V.	+368,959	1,224,028	$18,299,218
CB	Chubb Ltd	+326,291	534,858	$174,326,267
TAP	Molson Coors Beverage Co	+299,459	2,340,004	$100,760,572
NVDA	Nvidia Corp	+296,937	17,934,981	$3,127,860,686
AMZN	Amazon Com Inc	+296,830	8,836,266	$1,840,329,119
SOFI	SoFi Technologies, Inc.	+293,951	342,020	$5,431,277
AMD	Advanced Micro Devices Inc	+257,174	1,032,605	$210,062,835
NU	Nu Holdings Ltd.	+252,675	4,752,493	$68,293,324
HALO	Halozyme Therapeutics, Inc.	+239,282	1,610,553	$104,090,040
HUBB	Hubbell Inc	+221,528	302,591	$148,493,507
JBS	Jbs N.V.	+216,300	359,600	$6,458,416
WPM	Wheaton Precious Metals Corp.	+204,770	626,570	$82,086,935
CRWV	CoreWeave, Inc.	+190,743	197,025	$15,263,526
RKLB	Rocket Lab Corp	+188,694	208,199	$13,370,539
CTVA	Corteva, Inc.	+184,238	506,322	$42,384,214
STNE	StoneCo Ltd.	+183,300	248,600	$3,510,232
SW	Smurfit Westrock plc	+180,837	419,469	$16,715,839
KKR	KKR & Co. Inc.	+173,591	212,979	$19,700,557
AVGO	Broadcom Inc.	+161,540	4,063,473	$1,257,685,528
CCJ	Cameco Corp	+139,094	157,549	$17,111,396
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	−2,048,526	2,661,240	$66,211,651
KVUE	Kenvue Inc.	−1,444,853	896,357	$15,453,194
SLM	SLM Corp	−1,426,671	1,634,325	$34,990,898
ELS	Equity Lifestyle Properties Inc	−943,942	677,937	$42,316,827
CPRT	Copart Inc	−712,081	489,353	$16,246,519
CNQ	CANADIAN NATURAL RESOURCES Ltd	−656,997	214,387	$10,447,078
WRB	Berkley W R Corp	−505,791	2,284,583	$151,422,161
RIVN	Rivian Automotive, Inc. / DE	−444,942	32,431	$488,086
STLD	Steel Dynamics Inc	−426,731	1,099,375	$197,887,500
AEM	Agnico Eagle Mines Ltd	−423,163	266,008	$53,994,303
SFM	Sprouts Farmers Market, Inc.	−333,776	250,489	$19,320,216
PGR	Progressive Corp/Oh/	−331,914	779,721	$154,571,891
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−308,949	1,592,638	$538,232,012
MRK	Merck & Co., Inc.	−300,997	2,896,154	$348,378,364
MSFT	Microsoft Corp	−273,372	5,685,840	$2,104,727,392
TSN	Tyson Foods, Inc.	−257,911	520,556	$33,352,022
PYPL	PayPal Holdings, Inc.	−256,038	496,418	$22,452,986
CNH	CNH Industrial N.V.	−242,577	40,532	$445,852
AIT	Applied Industrial Technologies Inc	−208,807	144,286	$38,281,961
CRM	Salesforce, Inc.	−188,249	242,059	$45,185,153
HRL	Hormel Foods Corp /De/	−157,701	131,926	$2,988,123
UDR	UDR, Inc.	−154,897	6,679	$225,616
HCA	HCA Healthcare, Inc.	−151,456	577,119	$273,115,795
VRT	Vertiv Holdings Co	−149,958	761,668	$190,858,767
AGCO	Agco Corp /De	−149,222	1,194,008	$138,349,706
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	10,299,563	$2,031,279,814
NXT	Nextpower Inc.	1,558,511	$187,878,501
SUNB	Sunbelt Rentals Holdings, Inc.	2,528,983	$164,611,503
BWA	Borgwarner Inc	1,265,960	$68,690,989
WSC	WillScot Holdings Corp	2,467,235	$42,831,199
LITE	Lumentum Holdings Inc.	55,750	$39,178,870
SNDK	Sandisk Corp	55,312	$35,141,926
QXO	QXO, Inc.	1,382,956	$26,857,005
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	2,656,532	$16,210,158
ENPH	Enphase Energy, Inc.	408,201	$15,434,079
COHR	Coherent Corp.	53,707	$12,793,544
VSNT	Versant Media Group, Inc.	79,163	$2,930,614
AMCR	Amcor plc	38,458	$1,528,705
QGEN	Qiagen N.V.	32,444	$1,299,057
FTAI	FTAI Aviation Ltd.	3,041	$745,045
ASTS	AST SpaceMobile, Inc.	8,796	$728,924
IREN	IREN Ltd	12,437	$426,340
RVMD	Revolution Medicines, Inc.	3,142	$305,559
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
RRC	Range Resources Corp	663,926	$23,410,030
CNK	Cinemark Holdings, Inc.	691,274	$16,065,207
BEN	Franklin Resources Inc	219,653	$5,247,510
ALGN	Align Technology Inc	32,025	$5,000,703
BAX	Baxter International Inc	173,362	$3,312,947
LAMR	Lamar Advertising Co/New	25,622	$3,243,232
ARE	Alexandria Real Estate Equities, Inc.	62,388	$3,053,268
MGEE	Mge Energy Inc	35,414	$2,777,165
FFIN	First Financial Bankshares Inc	82,760	$2,472,041
SHEL	Shell plc	16,699	$1,227,042
AMH	American Homes 4 Rent	18,862	$605,470
NTNX	Nutanix, Inc.	9,501	$491,106
CPT	Camden Property Trust	4,241	$466,849
WTRG	Essential Utilities, Inc.	11,785	$452,072
BAH	Booz Allen Hamilton Holding Corp	5,341	$450,566
OC	Owens Corning	3,604	$403,323
BXP	BXP, Inc.	5,648	$381,127
ETSY	Etsy Inc	6,483	$359,417
WIX	Wix.com Ltd.	2,733	$283,931
RVTY	Revvity, Inc.	2,850	$275,737
DT	Dynatrace, Inc.	6,220	$269,574
DVA	Davita Inc.	2,190	$248,805
ACI	Albertsons Companies, Inc.	13,175	$226,214
SJM	J M SMUCKER Co	2,078	$203,249
UFPI	Ufp Industries Inc	1,724	$156,970
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

677 positions · $46,392,640,509 total · as of Mar 31, 2026

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

Showing 1–50 of 677 positions by value · page 1 of 14

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	17,934,981	+296,937	$3,127,860,686	−4.9%	6.74%
AAPL	Apple Inc. Technology	Added	9,979,214	+45,007	$2,532,624,721	−6.2%	5.46%
MSFT	Microsoft Corp Technology	Reduced	5,685,840	-273,372	$2,104,727,392	−27.0%	4.54%
AZN	Astrazeneca PLC Healthcare	NEW	10,299,563	NEW	$2,031,279,814	NEW	4.38%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,013,933	-12,912	$2,016,926,573	−8.3%	4.35%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,836,266	+296,830	$1,840,329,119	−6.6%	3.97%
AVGO	Broadcom Inc. Technology	Added	4,063,473	+161,540	$1,257,685,528	−6.9%	2.71%
META	Meta Platforms, Inc. Communication Services	Added	1,337,988	+7,872	$765,503,074	−12.8%	1.65%
V	Visa Inc. Financial Services	Reduced	2,239,159	-119,913	$676,763,416	−18.2%	1.46%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	2,219,889	-8,227	$653,002,548	−9.0%	1.41%
LLY	ELI LILLY & Co Healthcare	Reduced	656,585	-83,249	$603,907,185	−24.0%	1.30%
TSLA	Tesla, Inc. Consumer Cyclical	Added	1,563,166	+35,838	$581,106,960	−15.4%	1.25%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	1,592,638	-308,949	$538,232,012	−6.9%	1.16%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	954,605	+13,612	$457,446,716	−3.3%	0.99%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	220,654	-6,813	$381,515,179	−16.7%	0.82%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,896,154	-300,997	$348,378,364	+3.5%	0.75%
MU	Micron Technology Inc Technology	Reduced	975,315	-144,487	$329,500,419	+3.1%	0.71%
JNJ	Johnson & Johnson Healthcare	Added	1,202,690	+61,420	$293,985,543	+24.5%	0.63%
ABBV	AbbVie Inc. Healthcare	Added	1,351,717	+36,849	$293,984,930	−2.1%	0.63%
CNM	Core & Main, Inc. Industrials	Added	5,752,701	+64,106	$284,183,429	−3.9%	0.61%
NFLX	Netflix Inc Communication Services	Added	2,893,153	+23,748	$278,176,660	+3.4%	0.60%
LIN	Linde PLC Basic Materials	Reduced	559,373	-48,438	$277,314,758	+7.0%	0.60%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	577,119	-151,456	$273,115,795	−19.7%	0.59%
WMT	Walmart Inc. Consumer Defensive	Added	2,137,818	+29,120	$265,688,021	+13.1%	0.57%
HD	Home Depot, Inc. Consumer Cyclical	Added	805,946	+7,657	$265,067,579	−3.5%	0.57%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	508,538	-32,387	$249,961,683	−20.3%	0.54%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	992,449	-147,766	$248,022,929	+1.9%	0.53%
CSCO	Cisco Systems, Inc. Technology	Reduced	3,137,547	-45,021	$243,442,271	−0.7%	0.52%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,677,217	+92,981	$242,257,223	+6.7%	0.52%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	234,997	+6,637	$234,158,060	+18.9%	0.50%
PEP	Pepsico Inc Consumer Defensive	Added	1,393,887	+24,672	$216,456,712	+10.2%	0.47%
GS	Goldman Sachs Group Inc Financial Services	Added	254,681	+75	$215,457,579	−3.7%	0.46%
AMD	Advanced Micro Devices Inc Technology	Added	1,032,605	+257,174	$210,062,835	+26.5%	0.45%
MA	Mastercard Inc Financial Services	Added	419,863	+3,629	$209,788,746	−11.7%	0.45%
CVX	Chevron Corp Energy	Reduced	1,005,583	-5,784	$208,055,122	+35.0%	0.45%
UNH	Unitedhealth Group Inc Healthcare	Added	755,589	+5,344	$204,454,827	−17.4%	0.44%
INTC	Intel Corp Technology	Added	4,598,507	+12,298	$202,932,113	+19.9%	0.44%
PM	Philip Morris International Inc. Consumer Defensive	Added	1,214,925	+7,643	$200,875,699	+3.7%	0.43%
STLD	Steel Dynamics Inc Basic Materials	Reduced	1,099,375	-426,731	$197,887,500	−23.5%	0.43%
TTE	TotalEnergies SE Energy	Added	2,140,953	+7,521	$194,783,903	+39.6%	0.42%
ISRG	Intuitive Surgical Inc Healthcare	Added	420,836	+20,946	$194,001,187	−14.3%	0.42%
VRT	Vertiv Holdings Co Industrials	Reduced	761,668	-149,958	$190,858,767	+29.2%	0.41%
FIX	Comfort Systems USA Inc Industrials	Reduced	138,256	-56,544	$190,653,641	+4.9%	0.41%
NXT	Nextpower Inc. Technology	NEW	1,558,511	NEW	$187,878,501	NEW	0.40%
TXN	Texas Instruments Inc Technology	Reduced	966,987	-132,417	$187,730,856	−1.6%	0.40%
RPRX	Royalty Pharma plc Healthcare	Added	3,808,353	+3,628,670	$182,686,693	+2531.3%	0.39%
KMI	Kinder Morgan, Inc. Energy	Reduced	5,370,393	-44,783	$180,069,277	+21.0%	0.39%
CAT	Caterpillar Inc Industrials	Reduced	248,917	-3,192	$176,347,737	+22.1%	0.38%
BLD	QXO Insulation, LLC Industrials	Added	496,774	+30,097	$174,516,706	−10.4%	0.38%
CB	Chubb Ltd Financial Services	Added	534,858	+326,291	$174,326,267	+167.8%	0.38%