M&G INVESTMENT MANAGEMENT LTD

CIK

922898

Location

London, X0

Portfolio Value

Large $12,890,497,526

Diversification

Diversified

Filing Date

Global Rank

#285 / 7,319 ▼ 8 · as of Dec 2023

Top Industry

Software - Infrastructure 7.4%

3Y Alpha vs SPY

-8.1%

Period ended 2 years ago

Filed May 8, 2024 · 2y

16 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

+43.6%

SPY

+76.8%

Annualised alpha

-8.1%

Max drawdown

−16.6%

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

298 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

6.7%

+0.1 pts

Top 5

19.5%

−0.1 pts

Top 10

29.1%

+0.1 pts

HHI

162

Diversified+2

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	18.4%	$2,375,817,303	53
Financial Services	14.4%	$1,862,449,391	42
Healthcare	14.1%	$1,819,089,781	40
Consumer Cyclical	9.7%	$1,250,290,078	37
Basic Materials	8.8%	$1,140,807,721	17
Real Estate	8.3%	$1,074,298,745	20
Utilities	7.1%	$917,426,582	12
Communication Services	5.3%	$680,932,002	10
Industrials	5.0%	$644,164,994	28
Energy	4.9%	$632,208,260	19
Consumer Defensive	3.7%	$482,248,379	19
Unclassified	0.1%	$10,764,290	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VFC	V F Corp	+2,016,470	12,413,169	$233,367,577
NEE	Nextera Energy Inc	+1,097,071	4,335,417	$263,333,228
BEKE	KE Holdings Inc.	+1,065,949	7,926,434	$128,487,495
BMY	Bristol Myers Squibb Co	+903,235	7,186,037	$368,715,558
CSX	Csx Corp	+810,362	3,993,901	$138,468,547
XIFR	XPLR Infrastructure, LP	+722,469	3,117,749	$94,810,747
OGN	Organon & Co.	+638,016	866,003	$12,487,763
NFE	New Fortress Energy Inc.	+634,851	1,537,323	$58,003,196
FNV	FRANCO NEVADA Corp	+550,855	1,943,352	$215,342,835
BN	BROOKFIELD Corp /ON/	+402,088	2,980,918	$79,729,719
MDT	Medtronic plc	+389,934	3,267,537	$269,179,698
ES	Eversource Energy	+297,988	1,483,094	$91,536,561
CME	Cme Group Inc.	+270,452	525,824	$110,738,534
PFE	Pfizer Inc	+252,116	1,027,780	$29,589,786
ECL	Ecolab Inc.	+203,350	209,284	$41,511,481
BALL	BALL Corp	+199,885	816,874	$46,986,592
REXR	Rexford Industrial Realty, Inc.	+167,425	492,914	$27,652,475
JD	JD.com, Inc.	+162,155	688,953	$19,903,852
HIW	Highwoods Properties, Inc.	+157,995	381,496	$8,759,148
CMCSA	Comcast Corp	+154,670	2,248,086	$92,388,466
TCOM	Trip.com Group Ltd	+152,719	366,338	$13,191,831
AWK	American Water Works Company, Inc.	+150,736	692,301	$91,376,808
WY	Weyerhaeuser Co	+133,905	1,826,306	$63,500,659
TECK	Teck Resources Ltd	+123,816	486,155	$20,549,771
EBAY	Ebay Inc	+96,572	1,865,927	$81,391,735
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HCM	HUTCHMED (China) Ltd	−6,896,165	188,669	$3,416,795
CMBT	Cmb.Tech NV	−3,599,383	71,622	$1,259,830
STLA	Stellantis N.V.	−1,575,987	6,425,907	$149,852,151
AES	Aes Corp	−1,471,823	6,989,105	$134,540,271
CVE	Cenovus Energy Inc.	−947,015	2,235,832	$37,226,602
KOS	Kosmos Energy Ltd.	−891,158	2,434,842	$16,337,789
UBS	UBS Group AG	−801,709	5,581,422	$172,465,939
KO	Coca Cola Co	−650,006	3,633,394	$214,115,908
INTC	Intel Corp	−437,410	3,065,455	$154,039,113
CCI	Crown Castle Inc.	−423,033	2,027,922	$233,596,335
ARE	Alexandria Real Estate Equities, Inc.	−379,351	1,653,660	$209,634,478
TRP	Tc Energy Corp	−374,660	3,080,778	$120,427,612
UNP	Union Pacific Corp	−339,909	48,066	$11,805,970
ADI	Analog Devices Inc	−255,567	1,107,939	$219,992,367
TFC	Truist Financial Corp	−240,502	183,134	$6,761,307
MSFT	Microsoft Corp	−231,982	2,310,800	$868,953,232
ATHM	Autohome Inc.	−217,356	2,942,265	$82,559,955
AMT	American Tower Corp /Ma/	−209,201	834,751	$180,206,045
ENB	Enbridge Inc	−201,860	4,511,919	$162,519,322
UBER	Uber Technologies, Inc	−174,862	124,359	$7,656,783
MFC	Manulife Financial Corp	−170,052	3,459,681	$76,458,950
DELL	Dell Technologies Inc.	−162,815	190,782	$14,594,823
MDLZ	Mondelez International, Inc.	−146,386	207,084	$14,999,094
PEP	Pepsico Inc	−130,731	632,912	$107,493,774
MGA	Magna International Inc	−119,312	1,478,834	$87,369,512
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
FRO	Frontline plc	1,395,640	$27,982,582
KVUE	Kenvue Inc.	666,373	$14,347,010
DHT	DHT Holdings, Inc.	1,122,311	$11,009,870
ACAD	Acadia Pharmaceuticals Inc	333,824	$10,452,029
FOLD	AMICUS THERAPEUTICS, INC.	710,557	$10,082,803
BBY	Best Buy Co Inc	128,496	$10,058,666
MCD	Mcdonalds Corp	28,447	$8,434,819
KSS	KOHLS Corp	293,564	$8,419,415
VMI	Valmont Industries Inc	35,918	$8,387,212
RCL	Royal Caribbean Cruises Ltd	64,029	$8,291,115
INMD	InMode Ltd.	365,503	$8,128,786
MUR	Murphy Oil Corp	186,987	$7,976,865
AXON	Axon Enterprise, Inc.	30,706	$7,932,280
DUOL	Duolingo, Inc.	34,913	$7,920,014
FOUR	Shift4 Payments, Inc.	106,450	$7,913,493
MELI	Mercadolibre Inc	5,014	$7,879,701
AXS	Axis Capital Holdings Ltd	142,092	$7,867,634
HSY	Hershey Co	41,740	$7,782,005
APP	AppLovin Corp	185,134	$7,377,589
SNPS	Synopsys Inc	13,796	$7,103,698
NVST	Envista Holdings Corp	291,182	$7,005,838
APPF	Appfolio Inc	38,407	$6,653,628
SHW	Sherwin Williams Co	19,878	$6,199,948
REE	REE Automotive Ltd.	516,245	$2,653,499
MBLY	Mobileye Global Inc.	53,248	$2,306,703
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DIS	Walt Disney Co	378,598	$30,685,367
AIG	American International Group, Inc.	134,237	$8,134,762
TMHC	Taylor Morrison Home Corp	177,648	$7,569,581
MEDP	Medpace Holdings, Inc.	28,245	$6,838,961
KEYS	Keysight Technologies, Inc.	51,403	$6,801,130
OZK	Bank OZK	182,997	$6,783,698
DOCS	Doximity, Inc.	319,398	$6,777,625
WBS	Webster Financial Corp	166,993	$6,731,487
ETD	Ethan Allen Interiors Inc	222,917	$6,665,218
DG	Dollar General Corp	62,776	$6,641,700
FITB	Fifth Third Bancorp	260,697	$6,603,455
SYF	Synchrony Financial	210,626	$6,438,836
FDX	Fedex Corp	24,121	$6,390,135
GTM	ZoomInfo Technologies Inc.	383,338	$6,286,743
MKTX	Marketaxess Holdings Inc	29,303	$6,260,292
TPH	Tri Pointe Homes, Inc.	223,940	$6,124,759
RMD	Resmed Inc	40,766	$6,028,068
MTD	Mettler Toledo International Inc/	5,338	$5,914,877
INSP	Inspire Medical Systems, Inc.	29,795	$5,912,519
ALLY	Ally Financial Inc.	220,483	$5,882,486
TGTX	Tg Therapeutics, Inc.	649,565	$5,430,363
DXCM	Dexcom Inc	54,804	$5,113,213
ABNB	Airbnb, Inc.	30,660	$4,206,858
TTWO	Take Two Interactive Software Inc	19,506	$2,738,447
PANW	Palo Alto Networks Inc	16,081	$1,885,014
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

298 positions · $12,890,497,526 total · as of Dec 31, 2023

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

Showing 1–50 of 298 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	2,310,800	-231,982	$868,953,232	+8.2%	6.74%
MEOH	Methanex Corp Basic Materials	Reduced	13,112,435	-117,800	$621,004,921	+4.2%	4.82%
BMY	Bristol Myers Squibb Co Healthcare	Added	7,186,037	+903,235	$368,715,558	+1.1%	2.86%
GOOGL	Alphabet Inc. Communication Services	Added	2,356,421	+91,167	$329,168,449	+11.0%	2.55%
V	Visa Inc. Financial Services	Reduced	1,250,094	-51,149	$325,461,972	+8.7%	2.52%
MDT	Medtronic plc Healthcare	Added	3,267,537	+389,934	$269,179,698	+19.4%	2.09%
NEE	Nextera Energy Inc Utilities	Added	4,335,417	+1,097,071	$263,333,228	+41.9%	2.04%
CCI	Crown Castle Inc. Real Estate	Reduced	2,027,922	-423,033	$233,596,335	+3.6%	1.81%
VFC	V F Corp Consumer Cyclical	Added	12,413,169	+2,016,470	$233,367,577	+27.0%	1.81%
UNH	Unitedhealth Group Inc Healthcare	Added	441,984	+25,608	$232,691,316	+10.8%	1.81%
ADI	Analog Devices Inc Technology	Reduced	1,107,939	-255,567	$219,992,367	−7.9%	1.71%
FNV	FRANCO NEVADA Corp Basic Materials	Added	1,943,352	+550,855	$215,342,835	+15.8%	1.67%
KO	Coca Cola Co Consumer Defensive	Reduced	3,633,394	-650,006	$214,115,908	−10.7%	1.66%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Reduced	1,653,660	-379,351	$209,634,478	+3.0%	1.63%
ELV	Elevance Health, Inc. Healthcare	Reduced	432,478	-14,076	$203,939,325	+4.9%	1.58%
LOW	Lowes Companies Inc Consumer Cyclical	Added	892,138	+59,846	$198,545,311	+14.8%	1.54%
EQIX	Equinix Inc Real Estate	Reduced	234,199	-12,765	$188,621,532	+5.2%	1.46%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	834,751	-209,201	$180,206,045	+5.0%	1.40%
UBS	UBS Group AG Financial Services	Reduced	5,581,422	-801,709	$172,465,939	+9.6%	1.34%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	955,910	-116,715	$162,600,291	+4.5%	1.26%
ENB	Enbridge Inc Energy	Reduced	4,511,919	-201,860	$162,519,322	+3.9%	1.26%
INTC	Intel Corp Technology	Reduced	3,065,455	-437,410	$154,039,113	+23.7%	1.19%
STLA	Stellantis N.V. Consumer Cyclical	Reduced	6,425,907	-1,575,987	$149,852,151	−2.1%	1.16%
CSX	Csx Corp Industrials	Added	3,993,901	+810,362	$138,468,547	+41.4%	1.07%
AES	Aes Corp Utilities	Reduced	6,989,105	-1,471,823	$134,540,271	+4.6%	1.04%
MA	Mastercard Inc Financial Services	Reduced	312,823	-6,318	$133,422,137	+5.6%	1.04%
BDX	Becton Dickinson & Co Healthcare	Added	680,211	+57,334	$130,389,782	+3.0%	1.01%
RSG	Republic Services, Inc. Industrials	Reduced	790,352	-49,601	$130,336,948	+8.9%	1.01%
BEKE	KE Holdings Inc. Real Estate	Added	7,926,434	+1,065,949	$128,487,495	+20.7%	1.00%
QCOM	Qualcomm Inc/De Technology	Added	841,224	+5,317	$121,666,227	+31.1%	0.94%
TRP	Tc Energy Corp Energy	Reduced	3,080,778	-374,660	$120,427,612	+1.3%	0.93%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	630,534	+62,179	$119,467,276	+10.5%	0.93%
CME	Cme Group Inc. Financial Services	Added	525,824	+270,452	$110,738,534	+116.6%	0.86%
JCI	Johnson Controls International plc Industrials	Added	1,876,466	+57,888	$108,159,500	+11.8%	0.84%
PEP	Pepsico Inc Consumer Defensive	Reduced	632,912	-130,731	$107,493,774	−16.9%	0.83%
XIFR	XPLR Infrastructure, LP Utilities	Added	3,117,749	+722,469	$94,810,747	+33.3%	0.74%
EIX	Edison International Utilities	Reduced	1,324,602	-110,080	$94,695,796	+4.3%	0.73%
AXP	American Express Co Financial Services	Added	496,851	+67,585	$93,080,066	+45.3%	0.72%
CMCSA	Comcast Corp Communication Services	Added	2,248,086	+154,670	$92,388,466	+6.2%	0.72%
ES	Eversource Energy Utilities	Added	1,483,094	+297,988	$91,536,561	+32.8%	0.71%
AWK	American Water Works Company, Inc. Utilities	Added	692,301	+150,736	$91,376,808	+36.3%	0.71%
LIN	Linde PLC Basic Materials	Reduced	216,194	-1,640	$88,793,037	+9.5%	0.69%
MGA	Magna International Inc Consumer Cyclical	Reduced	1,478,834	-119,312	$87,369,512	+2.0%	0.68%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	161,011	-2,958	$85,463,028	+3.0%	0.66%
ATHM	Autohome Inc. Communication Services	Reduced	2,942,265	-217,356	$82,559,955	−13.9%	0.64%
EBAY	Ebay Inc Consumer Cyclical	Added	1,865,927	+96,572	$81,391,735	+4.3%	0.63%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	2,980,918	+402,088	$79,729,719	+48.3%	0.62%
LULU	lululemon athletica inc. Consumer Cyclical	Reduced	152,709	-27,198	$78,078,584	+12.5%	0.61%
HTHT	H World Group Ltd Consumer Cyclical	Added	2,312,820	+92,147	$77,340,700	−11.7%	0.60%
OKE	Oneok Inc /New/ Energy	Reduced	1,094,223	-45,071	$76,836,339	+6.3%	0.60%