Institution

Royal London Asset Management Ltd

13F for the quarter to June 30, 2026, filed August 13, 2026 · SEC CIK 863748

Reported value: $54.3bn
Positions we cover: 650
Copy, a year: +15.3%
Copy Sharpe ratio: 0.80

How copying its 13F would have done

CopyS&P 500 $10,000 copying Royal London Asset Management Ltd's filed holdings in companies we cover from September 6, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.9% (S&P 500 −31.8%); beta 0.97; alpha +1.3% a year (t = 1.28); last 12 months +11.0% against +12.1%.

Reported value by quarter

Royal London Asset Management Ltd: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$3.4B
2013-09-30	$3.7B
2013-12-31	$3.9B
2014-03-31	$4.3B
2014-06-30	$4.4B
2014-09-30	$4B
2014-12-31	$52.9B
2015-09-30	$6.2B
2015-12-31	$6.5B
2016-06-30	$6.1B
2018-06-30	$9.9B
2018-09-30	$9.8B
2018-12-31	$11.4B
2019-03-31	$12.7B
2019-06-30	$10.6B
2019-09-30	$13.2B
2019-12-31	$14.4B
2020-03-31	$12.4B
2020-06-30	$14.3B
2020-09-30	$16.5B
2020-12-31	$19.1B
2021-03-31	$21.8B
2021-06-30	$23.7B
2021-09-30	$23.8B
2021-12-31	$26B
2022-03-31	$25.6B
2022-06-30	$21.6B
2022-09-30	$19.7B
2022-12-31	$22.3T
2023-03-31	$25B
2023-06-30	$30.9B
2023-09-30	$30.9B
2023-12-31	$35B
2024-03-31	$40.1B
2024-06-30	$39.2B
2024-09-30	$40.6B
2024-12-31	$41B
2025-03-31	$42.2B
2025-06-30	$43.8B
2025-09-30	$46.5B
2025-12-31	$47.5B
2026-03-31	$47.7B
2026-06-30	$54.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.63%	$3.6bn	17.99M	+0.3%
AAPLApple Inc.	5.51%	$3.0bn	10.34M	+3.6% Added
GOOGLAlphabet Inc. (Class A)	4.66%	$2.5bn	7.08M	+1.0% Added
MSFTMicrosoft Corporation	3.99%	$2.2bn	5.80M	+2.1% Added
AMZNAmazon	3.91%	$2.1bn	8.90M	+0.8% Added
AZNAstrazeneca PLC	3.55%	$1.9bn	10.16M	−1.3% Reduced
AVGOBroadcom	2.62%	$1.4bn	3.76M	−7.4% Reduced
MUMicron Technology	1.91%	$1.0bn	895.9K	−8.1% Reduced
VVisa Inc.	1.61%	$874.9m	2.55M	+13.9% Added
LLYLilly (Eli)	1.43%	$774.7m	645.9K	−1.6% Reduced
METAMeta Platforms	1.37%	$745.1m	1.32M	−1.1% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	1.34%	$726.5m	1.52M	−4.5% Reduced
JPMJPMorgan Chase	1.32%	$716.8m	2.19M	−1.4% Reduced
TSLATesla, Inc.	1.22%	$663.1m	1.58M	+0.9% Added
AMDAdvanced Micro Devices	1.09%	$592.8m	1.02M	−1.2% Reduced
INTCIntel	1.07%	$581.8m	4.17M	−9.4% Reduced
CSCOCisco	0.71%	$387.3m	3.30M	+5.1% Added
MRKMerck & Co.	0.71%	$383.8m	2.99M	+3.1% Added
MELIMercadolibre Inc	0.65%	$354.8m	209.0K	−5.3% Reduced
ABBVAbbVie	0.62%	$337.8m	1.34M	−0.7% Reduced
AMATApplied Materials	0.61%	$332.6m	460.0K	−4.0% Reduced
TXNTexas Instruments	0.60%	$324.7m	1.09M	+12.6% Added
UNHUnitedHealth Group	0.57%	$309.8m	745.3K	−1.4% Reduced
LINLinde plc	0.56%	$304.9m	587.6K	+5.0% Added
JNJJohnson & Johnson	0.56%	$302.1m	1.19M	−1.1% Reduced
LRCXLam Research	0.53%	$286.7m	661.7K	−1.8% Reduced
HDThe Home Depot	0.53%	$285.7m	810.1K	+0.5% Added
FIXComfort Systems USA	0.52%	$279.5m	141.0K	+2.0% Added
CNMCore & Main, Inc.	0.49%	$264.8m	5.49M	−4.6% Reduced
CATCaterpillar Inc.	0.48%	$259.1m	243.3K	−2.2% Reduced
WABWabtec	0.48%	$259.1m	960.9K	−3.2% Reduced
GSGoldman Sachs	0.47%	$252.6m	249.8K	−1.9% Reduced
PGProcter & Gamble	0.46%	$251.3m	1.71M	+2.2% Added
STLDSteel Dynamics	0.46%	$248.5m	1.08M	−1.5% Reduced
RPRXRoyalty Pharma plc	0.45%	$242.2m	4.32M	+13.4% Added
CBChubb Limited	0.44%	$240.5m	705.9K	+32.0% Added
WMTWalmart	0.44%	$240.5m	2.12M	−0.7% Reduced
HCAHCA Healthcare	0.43%	$235.6m	604.4K	+4.7% Added
PMPhilip Morris International	0.40%	$219.5m	1.21M	−0.1%
FERGFerguson Enterprises	0.40%	$218.1m	919.1K	+31.5% Added
VRTVertiv	0.40%	$218.1m	651.5K	−14.5% Reduced
COSTCostco	0.40%	$217.9m	233.0K	−0.9% Reduced
TMOThermo Fisher Scientific	0.40%	$217.2m	433.3K	−14.8% Reduced
KLACKLA Corporation	0.40%	$216.4m	717.1K	+878.8% Added
NXTNextpower Inc.	0.39%	$214.1m	1.80M	+15.3% Added
ADIAnalog Devices	0.38%	$207.1m	521.4K	−3.1% Reduced
NFLXNetflix	0.37%	$200.6m	2.81M	−2.9% Reduced
HUBBHubbell Incorporated	0.37%	$199.3m	380.9K	+25.9% Added
MAMastercard	0.37%	$198.5m	386.4K	−8.0% Reduced
QCOMQualcomm	0.37%	$198.4m	1.07M	−3.7% Reduced
GEVGE Vernova	0.36%	$196.4m	167.1K	−4.0% Reduced
GEGE Aerospace	0.35%	$192.2m	514.4K	−1.0% Reduced
DHRDanaher Corporation	0.35%	$191.9m	1.01M	+209.7% Added
PEPPepsiCo	0.35%	$188.0m	1.39M	−0.4%
BACBank of America	0.33%	$181.5m	3.18M	−1.4% Reduced
RACEFerrari N.V.	0.33%	$177.9m	477.7K	+28.1% Added
UBSUBS Group AG	0.32%	$171.9m	3.47M	−1.3% Reduced
CVXChevron Corporation	0.30%	$164.4m	992.0K	−1.3% Reduced
ORCLOracle Corporation	0.30%	$160.9m	1.10M	−0.8% Reduced
KOThe Coca-Cola Company	0.30%	$160.5m	1.97M	−2.2% Reduced
CMECME Group	0.29%	$158.3m	717.0K	+30.4% Added
UNPUnion Pacific Corporation	0.29%	$157.5m	579.2K	+18.5% Added
ISRGIntuitive Surgical	0.29%	$156.9m	394.5K	−6.3% Reduced
CIENCiena	0.29%	$156.3m	318.7K	+136.3% Added
PGRProgressive Corporation	0.28%	$153.5m	702.7K	−9.9% Reduced
KMIKinder Morgan	0.28%	$151.5m	4.74M	−11.7% Reduced
APGApi Group Corp	0.28%	$151.2m	3.57M	+16.2% Added
WRBW. R. Berkley Corporation	0.28%	$149.2m	2.12M	−7.4% Reduced
BKNGBooking Holdings	0.27%	$145.7m	817.5K	+9.0% Added
MCOMoody's Corporation	0.27%	$144.9m	319.9K	+275.2% Added
HALOHalozyme Therapeutics, Inc.	0.26%	$141.7m	1.81M	+12.4% Added
URIUnited Rentals	0.25%	$137.6m	121.5K	−0.7% Reduced
LMTLockheed Martin	0.25%	$134.3m	263.6K	+36.1% Added
PANWPalo Alto Networks	0.24%	$132.6m	388.8K	+1.7% Added
MSMorgan Stanley	0.24%	$132.0m	631.4K	−3.3% Reduced
SNPSSynopsys Inc	0.24%	$131.3m	294.4K	−1.5% Reduced
MRVLMarvell Technology	0.24%	$129.9m	435.9K	−1.8% Reduced
FTNTFortinet	0.24%	$129.2m	841.1K	−25.1% Reduced
WDCWestern Digital	0.23%	$127.3m	199.4K	−9.2% Reduced
SNDKSandisk	0.23%	$126.8m	55.8K	+0.8% Added
AMEAmetek	0.23%	$126.8m	524.0K	−0.8% Reduced
PLTRPalantir Technologies Inc.	0.23%	$124.9m	1.07M	−0.8% Reduced
APPApplovin Corp	0.23%	$124.2m	241.2K	+2.6% Added
WFCWells Fargo	0.23%	$124.2m	1.50M	−1.8% Reduced
PHParker Hannifin	0.23%	$122.9m	125.6K	−1.9% Reduced
IBMIBM	0.23%	$122.7m	436.3K	−0.8% Reduced
SCHWCharles Schwab Corporation	0.22%	$121.0m	1.31M	−1.7% Reduced
CCitigroup	0.22%	$120.1m	857.8K	−0.7% Reduced
APHAmphenol	0.22%	$119.9m	679.9K	−1.3% Reduced
VRTXVertex Pharmaceuticals	0.22%	$119.9m	241.3K	−4.3% Reduced
SBSCompanhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp	0.22%	$118.8m	20.55M	+673.7% Added
RTXRTX Corporation	0.22%	$118.6m	625.3K	−0.5% Reduced
BLKBlackRock	0.22%	$118.3m	123.1K	−0.9% Reduced
AGCOAGCO Corp	0.22%	$118.3m	988.5K	−17.2% Reduced
SPGIS&P Global	0.22%	$117.4m	304.8K	+21.6% Added
WPMWheaton Precious Metals Corp.	0.21%	$116.9m	1.04M	+66.1% Added
VLOValero Energy	0.21%	$114.8m	440.8K	−4.0% Reduced
PNCPNC Financial Services	0.20%	$108.5m	440.6K	−0.6% Reduced
TAPMolson Coors Beverage Co	0.20%	$108.3m	2.78M	+18.8% Added
GMGeneral Motors	0.20%	$107.7m	1.40M	−1.7% Reduced
PCARPaccar	0.20%	$107.2m	892.7K	−0.8% Reduced
SYKStryker Corporation	0.20%	$107.2m	340.5K	−1.1% Reduced
PLDPrologis	0.20%	$105.6m	779.4K	−0.5%
AMGNAmgen	0.19%	$101.6m	280.5K	−0.3%
CACICACI International Inc	0.18%	$100.4m	216.7K	+160.4% Added
INTUIntuit	0.18%	$99.4m	381.0K	−3.4% Reduced
VZVerizon	0.18%	$99.0m	2.34M	−0.7% Reduced
BWABorgwarner Inc	0.18%	$98.8m	1.49M	+17.5% Added
STXSeagate Technology	0.18%	$96.5m	100.0K	+8.0% Added
CCEPCoca-cola Europacific Partners plc	0.17%	$95.2m	951.0K	+1.2% Added
NETCloudflare, Inc.	0.17%	$94.9m	386.9K	+89.9% Added
EQTEQT Corporation	0.17%	$94.3m	1.77M	+3.0% Added
ITWIllinois Tool Works	0.17%	$92.4m	341.5K	−0.4%
MCDMcDonald's	0.17%	$89.8m	332.1K	−0.8% Reduced
ELVElevance Health	0.17%	$89.6m	231.7K	−1.5% Reduced
TJXTJX Companies	0.17%	$89.5m	591.0K	−1.0% Reduced
STESteris	0.16%	$89.1m	423.1K	−24.0% Reduced
NOWServiceNow	0.16%	$88.8m	894.9K	−1.0% Reduced
ETNEaton Corporation	0.16%	$87.8m	206.1K	−0.8% Reduced
GLWCorning Inc.	0.16%	$87.7m	343.2K	+0.6% Added
CRHCRH plc	0.16%	$85.1m	795.1K	−2.5% Reduced
MCKMcKesson	0.16%	$84.8m	112.2K	+1.1% Added
AXPAmerican Express	0.15%	$83.9m	248.1K	−1.4% Reduced
SUSuncor Energy Inc	0.15%	$82.0m	1.53M	+7.0% Added
DISThe Walt Disney Company	0.15%	$81.8m	849.8K	−1.2% Reduced
BABoeing	0.15%	$81.6m	377.0K	−0.9% Reduced
NEENextEra Energy	0.15%	$80.9m	922.0K	+0.2%
REXRRexford Industrial Realty, Inc.	0.15%	$80.8m	2.41M	−0.2%
TAT&T	0.14%	$78.4m	3.79M	−0.7% Reduced
WELLWelltower	0.14%	$77.7m	342.2K	+0.8% Added
ANETArista Networks	0.14%	$77.3m	454.9K	−0.9% Reduced
ARMARM Holdings PLC	0.14%	$76.2m	214.8K	New
DGDollar General	0.14%	$73.5m	638.7K	+30.7% Added
ABTAbbott Laboratories	0.14%	$73.1m	805.6K	−0.3%
NOCNorthrop Grumman	0.13%	$72.8m	143.0K	+1.0% Added
UBERUber	0.13%	$72.5m	1.00M	−1.6% Reduced
COPConocoPhillips	0.13%	$70.6m	679.6K	−1.1% Reduced
PEGPublic Service Enterprise Group	0.13%	$70.6m	869.7K	+1.1% Added
COFCapital One	0.13%	$70.2m	350.1K	−1.3% Reduced
GILDGilead Sciences	0.13%	$69.7m	551.9K	−3.4% Reduced
DVNDevon Energy	0.13%	$69.6m	1.68M	+520.1% Added
DEDeere & Company	0.13%	$68.9m	108.6K	−24.2% Reduced
CVSCVS Health	0.13%	$68.6m	663.4K	−0.6% Reduced
VSTVistra Corp.	0.13%	$68.3m	430.5K	−0.7% Reduced
PFEPfizer	0.13%	$67.9m	2.82M	−0.2%
LITELumentum	0.12%	$66.3m	77.3K	+38.6% Added
TMUST-Mobile US	0.12%	$66.0m	393.5K	−0.8% Reduced
NUNu Holdings Ltd.	0.12%	$64.7m	4.85M	+2.0% Added
ALNYAlnylam Pharmaceuticals, Inc.	0.12%	$64.3m	213.6K	−0.7% Reduced
TDToronto Dominion Bank	0.12%	$62.7m	516.2K	+1.6% Added

Company	Bought (value)	Shares
KLACKLA Corporation	$194.3m	643.9K
DHRDanaher Corporation	$129.9m	682.0K
VVisa Inc.	$106.7m	310.9K
MCOMoody's Corporation	$106.3m	234.6K
SBSCompanhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp	$103.4m	17.90M
AAPLApple Inc.	$103.0m	355.9K
CIENCiena	$90.2m	183.8K
ARMARM Holdings PLC	$76.2m	214.8K
CACICACI International Inc	$61.8m	133.5K
DVNDevon Energy	$58.4m	1.41M
CBChubb Limited	$58.3m	171.0K
FERGFerguson Enterprises	$52.3m	220.2K
NBISNebius Group N.V.	$47.6m	172.5K
WPMWheaton Precious Metals Corp.	$46.5m	413.9K
NETCloudflare, Inc.	$44.9m	183.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
SUNBSunbelt Rentals Holdings, Inc.	−$174.8m	−2.34M
AVGOBroadcom	−$113.3m	−300.0K
MUMicron Technology	−$91.6m	−79.4K
INTCIntel	−$60.3m	−432.0K
LADLithia Motors Inc	−$46.7m	−160.6K
FTNTFortinet	−$43.3m	−281.6K
WSCWillscot Holdings Corp	−$42.8m	−2.47M
IBPInstalled Building Products, Inc.	−$38.0m	−143.2K
TMOThermo Fisher Scientific	−$37.7m	−75.2K
VRTVertiv	−$36.9m	−110.2K
CPAYCorpay	−$35.8m	−107.3K
TSMTaiwan Semiconductor Manufacturing Co LTD	−$34.1m	−71.4K
ADSKAutodesk, Inc.	−$33.7m	−173.1K
MTDMettler Toledo	−$30.6m	−24.0K
CHDChurch & Dwight	−$29.0m	−299.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WSCWillscot Holdings Corp	$42.8m	2.47M
IBPInstalled Building Products, Inc.	$38.0m	143.2K
BJBj's Wholesale Club Holdings, Inc.	$24.4m	246.2K
SOLSSolstice Advanced Materials Inc.	$4.8m	62.9K
MOHMolina Healthcare, Inc.	$3.5m	26.2K
VSNTVersant Media Group, Inc.	$2.9m	79.2K
PAYCPaycom Software, Inc.	$2.6m	20.9K
ATHMAutohome Inc.	$1.2m	68.5K
QFINQfin Holdings, Inc.	$795,256	61.6K
AFGAmerican Financial Group Inc	$768,505	6.0K
POOLPool Corp	$643,908	3.2K
ACMAecom	$578,557	6.8K
DKNGDraftkings Inc.	$337,964	15.6K
ZBRAZebra Technologies	$309,857	1.5K
BLDRBuilders Firstsource, Inc.	$254,811	3.1K
UHSUniversal Health Services	$245,368	1.4K
OTEXOpen Text Corp	$240,325	10.8K
UDRUDR, Inc.	$225,617	6.7K
OKLOOklo Inc.	$200,542	4.0K
SNAPSnap Inc	$155,912	33.9K
DOCHealthpeak Properties	$131,424	8.0K
MNDYMonday.com Ltd.	$114,170	1.7K

Technology36.3%
Health Care13.1%
Financials11.2%
Industrials10.8%
Consumer Discretionary9.0%
Communication Services7.7%
Consumer Staples4.0%
Materials2.5%
Energy2.3%
Utilities1.7%
Real Estate1.5%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestSeptember 6, 2013 to November 2, 2026	+15.3%	+14.1%	0.80	0.74	−30.9%	0.97
2018 onwardsJanuary 5, 2018 to November 2, 2026	+15.0%	+13.9%	0.66	0.61	−30.9%	0.96
Last three yearsNovember 3, 2023 to November 2, 2026	+20.8%	+21.8%	1.10	1.16	−16.6%	1.00
Last yearNovember 7, 2025 to November 2, 2026	+12.9%	+14.2%	0.75	0.84	−9.5%	0.96

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.