CIK: 0001505708
Total reported value
$29.6B
Reporting period: 2017-06-30 · Number of holdings: 546
Standard Life Investments LTD disclosed 546 holdings in its latest 13F filing for the period ending 2017-06-30, with total reported value of $29.6B and a quarterly turnover rate of 19.3%.
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Standard Life Investments LTD's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 84 equally-sized positions, well below its 546 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.17), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 44% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add PM
+248.6% $202.9M
Trim FLT1EUR
-57.9% -$202.1M
Add MCD
+41.0% $182.0M
Add MS
+837.7% $142.7M
Add MRK
+105.4% $125.4M
Add AEP
+731.9% $122.7M
Standard Life is rotating capital from cyclical growth into defensive compounders and upgrading within financials — this is capital preservation dressed as a reflation hold, not an alpha-seeking mandate.
The portfolio is pricing in a regime shift to a later-cycle, rate-sensitive environment: profits taken on high-beta semiconductors (MU) and reinvested into utilities (AEP) and investment banking (MS) imply a bet on a steepening yield curve with muted growth. The opposing thesis is that the economy remains above trend, making the rotation into defensives premature and leaving Standard Life trailing a growth rebound.
The 198-holdings, near-zero HHI portfolio hides a consensus bet on quality and low-vol factors that are already heavily owned. If the market rotates back to high-beta growth or value cyclicals, Standard Life’s lack of conviction sizing means they cannot escape the factor reversal — their decisions are too small to generate alpha and too widespread to avoid the drawdown.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Showing top 198 holdings (of 546 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 3.13% | — | -4.22% | |
| 2 | WFC | Wells Fargo & Co | Stock-Financials | 3.07% | -0.21% | -8.38% | |
| 3 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.28% | — | -7.16% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.26% | — | -2.99% | |
| 5 | C | Citigroup INC | Stock-Financials | 2.26% | -0.17% | -18.82% | |
| 6 | UNH | Unitedhealth Group INC | Stock-Healthcare | 2.04% | +0.24% | -2.07% | |
| 7 | BAC | Bank Of America CORP | Stock-Financials | 2.03% | -0.40% | -20.78% | |
| 8 | AMT | American Tower CORP | Stock-Real Estate | 1.96% | — | -10.75% | |
| 9 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.88% | — | -0.72% | |
| 10 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.69% | — | -4.51% | |
| 11 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 1.69% | -0.16% | -5.51% | |
| 12 | FRCB | First Republic Bank/ca | Stock-Financials | 1.67% | — | -1.07% | |
| 13 | CELG | Celgene CORP | Stock-Other | 1.56% | +0.25% | +11.64% | |
| 14 | FBIN | Fortune Brands Innovations I | Stock-Industrials | 1.55% | — | -6.43% | |
| 15 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.54% | +0.64% | +41.00% | |
| 16 | NWL | Newell Brands INC | Stock-Consumer Staples | 1.53% | — | -4.78% | |
| 17 | AVGO | Broadcom Inc. | Stock-Tech | 1.50% | -0.19% | -18.49% | |
| 18 | PNC | Pnc Financial Services Group | Stock-Financials | 1.42% | -0.23% | -18.93% | |
| 19 | USB | US Bancorp | Stock-Financials | 1.39% | -0.21% | -15.30% | |
| 20 | BSX | Boston Scientific CORP | Stock-Healthcare | 1.36% | -0.19% | -22.85% | |
| 21 | AYI | Acuity INC | Stock-Industrials | 1.23% | +0.27% | +24.91% | |
| 22 | DLTR | Dollar Tree INC | Stock-Consumer Staples | 1.20% | — | +13.91% | |
| 23 | CSX | Csx CORP | Stock-Industrials | 1.19% | +0.26% | +6.84% | |
| 24 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.18% | — | -12.05% | |
| 25 | ALLE | Allegion plc | Stock-Industrials | 1.17% | — | -15.26% | |
| 26 | PEP | Pepsico INC | Stock-Consumer Staples | 1.16% | — | -4.70% | |
| 27 | CMS | Cms Energy CORP | Stock-Utilities | 1.16% | — | -3.73% | |
| 28 | HAL | Halliburton Co | Stock-Energy | 1.07% | — | +9.74% | |
| 29 | HD | Home Depot INC | Stock-Consumer Disc | 1.06% | — | -5.94% | |
| 30 | BBTUSD | Bb&t CORP | Stock-Other | 1.05% | — | -11.82% | |
| 31 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.04% | — | -5.30% | |
| 32 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.04% | — | -14.05% | |
| 33 | MA | Mastercard INC - A | Stock-Financials | 1.01% | +0.37% | +41.21% | |
| 34 | PM | Philip Morris International | Stock-Consumer Staples | 0.95% | +0.69% | +248.58% | |
| 35 | MO | Altria Group INC | Stock-Consumer Staples | 0.91% | — | -13.75% | |
| 36 | MSFT | Microsoft CORP | Stock-Tech | 0.91% | — | -0.66% | |
| 37 | PFE | Pfizer INC | Stock-Healthcare | 0.89% | — | +0.59% | |
| 38 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.88% | +0.21% | -1.68% | |
| 39 | ✓ | Stock-Other | 0.86% | — | +0.13% | ||
| 40 | SPG | Simon Property Group INC | Stock-Real Estate | 0.83% | — | -0.62% | |
| 41 | PLD | Prologis INC | Stock-Real Estate | 0.83% | +0.22% | +17.64% | |
| 42 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.82% | +0.43% | +105.42% | |
| 43 | ATVIEUR | Activision Blizzard INC | Stock-Comm Services | 0.80% | -0.16% | -29.30% | |
| 44 | ALL | Allstate CORP | Stock-Financials | 0.78% | — | -15.05% | |
| 45 | EA | Electronic Arts INC | Stock-Comm Services | 0.77% | -0.20% | -34.12% | |
| 46 | MDT | Medtronic plc | Stock-Healthcare | 0.76% | — | -19.47% | |
| 47 | CTRPUSD | Ctrip.com International-adr | Stock-Other | 0.75% | — | -7.23% | |
| 48 | CVX | Chevron CORP | Stock-Energy | 0.75% | — | -0.48% | |
| 49 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.73% | — | +10.18% | |
| 50 | RTN1USD | Raytheon Company | Stock-Other | 0.71% | — | +0.01% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2017-06-30 | 546 | $29.6B | 19 | |
| 2017-03-31 | 540 | $30.3B | 21 | |
| 2016-12-31 | 530 | $28.8B | 33 | |
| 2016-09-30 | 477 | $24.3B | 27 | |
| 2016-06-30 | 468 | $22.1B | 23 | |
| 2016-03-31 | 455 | $21.9B | 25 | |
| 2015-12-31 | 460 | $23.6B | 37 | |
| 2015-09-30 | 466 | $23.3B | 36 | |
| 2015-06-30 | 484 | $23.7B | 25 | |
| 2015-03-31 | 488 | $24.5B | 32 | |
| 2014-12-31 | 909 | $25.4B | 31 | |
| 2014-09-30 | 1014 | $26.3B | 31 | |
| 2014-06-30 | 814 | $22.4B | 27 | |
| 2014-03-31 | 711 | $21.0B | 36 | |
| 2013-12-31 | 707 | $18.9B | 27 | |
| 2013-09-30 | 721 | $17.3B | 34 | |
| 2013-06-30 | 700 | $15.8B | 0 |
Standard Life Investments LTD's most significant position changes for 2017-06-30: Sold out: Micron Technology INC (MU); New buy: Centurylink INC (CTLEUR); Sold out: Delta Air Lines INC (DAL); New buy: Occidental Petroleum CORP (OXY); Sold out: Bristol-myers Squibb Co (BMY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PM | Philip Morris International | +0.7% | +248.58% | Add |
| 2 | MCD | Mcdonald's CORP | +0.6% | +41.00% | Add |
| 3 | MS | Morgan Stanley | +0.5% | +837.73% | Add |
| 4 | MRK | Merck & Co. INC. | +0.4% | +105.42% | Add |
| 5 | AEP | American Electric Power Company, Inc. | +0.4% | +731.95% | Add |
| 6 | MA | Mastercard INC - A | +0.4% | +41.21% | Add |
| 7 | WELL | Welltower INC | +0.3% | +84.47% | Add |
| 8 | AYI | Acuity INC | +0.3% | +24.91% | Add |
| 9 | CSX | Csx CORP | +0.3% | +6.84% | Add |
| 10 | CELG | Celgene CORP | +0.3% | +11.64% | Add |
| 11 | ROK | Rockwell Automation, Inc. | +0.2% | +139.57% | Add |
| 12 | CFG | Citizens Financial Group | +0.2% | +56.53% | Add |
| 13 | UNH | Unitedhealth Group INC | +0.2% | -2.07% | Trim |
| 14 | PLD | Prologis INC | +0.2% | +17.64% | Add |
| 15 | BABA | Alibaba Group Holding-sp Adr | +0.2% | -1.68% | Trim |
| 16 | TWXCHF | Time Warner INC | +0.2% | +28.02% | Add |
| 17 | MAA | Mid-america Apartment Comm | +0.1% | +202.13% | Add |
| 18 | TJX | Tjx Companies INC | -0.1% | -19.96% | Trim |
| 19 | FRTEUR | Federal Realty Invs Trust | -0.1% | -30.34% | Trim |
| 20 | KHC | Kraft Heinz Co/the | -0.2% | -5.51% | Trim |
| 21 | ATVIEUR | Activision Blizzard INC | -0.2% | -29.30% | Trim |
| 22 | C | Citigroup INC | -0.2% | -18.82% | Trim |
| 23 | DVN | Devon Energy CORP | -0.2% | +1.27% | Add |
| 24 | TMO | Thermo Fisher Scientific INC | -0.2% | -48.79% | Trim |
| 25 | AVGO | Broadcom Inc. | -0.2% | -18.49% | Trim |
| 26 | BSX | Boston Scientific CORP | -0.2% | -22.85% | Trim |
| 27 | ✓ | Cavium INC | -0.2% | -16.33% | Trim |
| 28 | BXP | Bxp INC | -0.2% | -32.39% | Trim |
| 29 | EA | Electronic Arts INC | -0.2% | -34.12% | Trim |
| 30 | WFC | Wells Fargo & Co | -0.2% | -8.38% | Trim |
| 31 | USB | US Bancorp | -0.2% | -15.30% | Trim |
| 32 | MLM | Martin Marietta Materials | -0.2% | -30.01% | Trim |
| 33 | PNC | Pnc Financial Services Group | -0.2% | -18.93% | Trim |
| 34 | EQIX | Equinix INC | -0.3% | -38.00% | Trim |
| 35 | HIG | Hartford Insurance Group INC | -0.3% | -76.89% | Trim |
| 36 | XOM | Exxon Mobil CORP | -0.3% | -79.24% | Trim |
| 37 | AIG | American International Group | -0.3% | -35.81% | Trim |
| 38 | BCRUSD | Cr Bard INC | -0.3% | -47.70% | Trim |
| 39 | VNO | Vornado Realty Trust | -0.3% | -53.99% | Trim |
| 40 | AMGN | Amgen INC | -0.4% | -83.63% | Trim |
| 41 | BAC | Bank Of America CORP | -0.4% | -20.78% | Trim |
| 42 | FLT1EUR | Fleetcor Technologies INC | -0.7% | -57.94% | Trim |
| 43 | MU | Micron Technology INC | — | EXIT | Sold out |
| 44 | CTLEUR | Centurylink INC | — | NEW | New buy |
| 45 | DAL | Delta Air Lines INC | — | EXIT | Sold out |
| 46 | OXY | Occidental Petroleum CORP | — | NEW | New buy |
| 47 | BMY | Bristol-myers Squibb Co | — | EXIT | Sold out |
| 48 | SLG2EUR | Sl Green Realty CORP | — | NEW | New buy |
| 49 | BRX | Brixmor Property Group INC | — | EXIT | Sold out |
| 50 | KRC | Kilroy Realty CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-20 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-27 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-09 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-27 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | Amendment | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-15 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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