§ 13F · FUND PROFILE
ROYAL LONDON ASSET MANAGEMENT LTD.
UK insurance asset management
AUM · $46.5B (13F)Positions · 688Turnover · 82% · Q1Filed · May 1, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+18
+$2.7B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-3pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 1, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 17.93M | $3.1B | 6.6% | +2% |
| 2 | AAPL | APPLE INC | 9.98M | $2.5B | 5.3% | ±0% |
| 3 | MSFT | MICROSOFT CORP | 5.69M | $2.1B | 4.4% | −5% |
| 4 | AZN | ASTRAZENECA PLC | 10.30M | $2.0B | 4.3% | NEW |
| 5 | GOOGL | ALPHABET INC | 7.01M | $2.0B | 4.2% | ±0% |
| 6 | AMZN | AMAZON COM INC | 8.84M | $1.8B | 3.9% | +3% |
| 7 | AVGO | BROADCOM INC | 4.06M | $1.3B | 2.6% | +4% |
| 8 | META | META PLATFORMS INC | 1.34M | $766M | 1.6% | +1% |
| 9 | V | VISA INC | 2.24M | $677M | 1.4% | −5% |
| 10 | JPM | JPMORGAN CHASE & CO | 2.22M | $653M | 1.4% | ±0% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other46.6% (+3pp)
Semiconductors14.2% (±0)
Technology14.0% (−3pp)
Media8.3% (−1pp)
Retail7.8% (±0)
Pharmaceuticals7.6%
§ 03 · THE ROYAL SIGNAL
AC read
ROYAL LONDON ASSET MANAGEMENT LTD is a Income / Defensive fund managing $46.5 billion in assets. The fund runs a broad portfolio of 688 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 82% quarterly turnover, with 18 new positions and 0 exits last quarter. Top sector allocations: Other (47%), Semiconductors (14%), Technology (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+18 buys · −0 exits · 549 changed
Q4 2025
Busy quarter
+21 buys · −0 exits · 635 changed
Q3 2025
Busy quarter
+688 buys · −0 exits · 0 changed
Q1 2025
Busy quarter
+744 buys · −0 exits · 0 changed