§ 13F · FUND PROFILE
ROYAL LONDON ASSET MANAGEMENT LTD.
UK insurance asset management
AUM · $54.3B (13F)Positions · 678Turnover · 92% · Q2Filed · Aug 13, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+18
+$245M deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-2pp · +4pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 17.99M | $3.6B | 6.6% | ±0% |
| 2 | AAPL | APPLE INC | 10.34M | $3.0B | 5.5% | +4% |
| 3 | GOOGL | ALPHABET INC | 7.08M | $2.5B | 4.7% | +1% |
| 4 | MSFT | MICROSOFT CORP | 5.80M | $2.2B | 4.0% | +2% |
| 5 | AMZN | AMAZON COM INC | 8.90M | $2.1B | 3.9% | +1% |
| 6 | AZN | ASTRAZENECA PLC | 10.16M | $1.9B | 3.5% | −1% |
| 7 | AVGO | BROADCOM INC | 3.76M | $1.4B | 2.6% | −7% |
| 8 | MU | MICRON TECHNOLOGY INC | 896K | $1.0B | 1.9% | −8% |
| 9 | V | VISA INC | 2.55M | $875M | 1.6% | +14% |
| 10 | LLY | ELI LILLY & CO | 646K | $775M | 1.4% | −2% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other44.2% (−2pp)
Semiconductors18.3% (+4pp)
Technology13.9% (±0)
Media8.3% (±0)
Retail7.1% (−1pp)
Pharmaceuticals6.9% (−1pp)
§ 03 · THE ROYAL SIGNAL
AC read
ROYAL LONDON ASSET MANAGEMENT LTD is a Income / Defensive fund managing $54.3 billion in assets. The fund runs a broad portfolio of 678 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 92% quarterly turnover, with 18 new positions and 0 exits last quarter. Top sector allocations: Other (44%), Semiconductors (18%), Technology (14%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+18 buys · −0 exits · 607 changed
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