§ 13F · FUND PROFILE
ROYAL LONDON ASSET MANAGEMENT LTD.
UK insurance asset management
AUM · $46521.7T (13F)Positions · 688Turnover · 93% · Q4Filed · Feb 13, 2026
CONCENTRATION
37%
Top 10 holdings
NEW BUYS
+21
+$193.1T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 17.64M | $3289.5T | 6.9% | +4% |
| 2 | MSFT | MICROSOFT CORP | 5.96M | $2882.0T | 6.1% | −3% |
| 3 | AAPL | APPLE INC | 9.93M | $2700.7T | 5.7% | −1% |
| 4 | GOOGL | ALPHABET INC | 7.03M | $2199.4T | 4.6% | −6% |
| 5 | AMZN | AMAZON COM INC | 8.54M | $1971.1T | 4.1% | −4% |
| 6 | AVGO | BROADCOM INC | 3.90M | $1350.5T | 2.8% | −8% |
| 7 | META | META PLATFORMS INC | 1.33M | $878.0T | 1.8% | ±0% |
| 8 | V | VISA INC | 2.36M | $827.4T | 1.7% | −4% |
| 9 | LLY | ELI LILLY & CO | 740K | $795.1T | 1.7% | −1% |
| 10 | JPM | JPMORGAN CHASE & CO. | 2.23M | $717.9T | 1.5% | −2% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other43.5% (+1pp)
Technology16.8% (−1pp)
Semiconductors14.5% (+1pp)
Media9.1% (±0)
Retail8.2% (±0)
Financial Services6.5% (±0)
§ 03 · THE ROYAL SIGNAL
AC read
ROYAL LONDON ASSET MANAGEMENT LTD is a Income / Defensive fund managing $46521717.3 trillion in assets. The fund runs a broad portfolio of 688 positions, broad diversification across holdings, with the top 10 accounting for 37%. Trading activity is aggressive at 93% quarterly turnover, with 21 new positions and 0 exits last quarter. Top sector allocations: Other (44%), Technology (17%), Semiconductors (15%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+21 buys · −0 exits · 635 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed