WT
Wellcome Trust LTD 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Wellcome Trust LTDCIK: 0001026720
Momentum followerQuality / disciplined sizingLong-term holder
Total reported value
$9.0B
Reporting period: 2026-06-30 · Number of holdings: 20
WELLCOME TRUST LTD disclosed 20 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $9.0B and a quarterly turnover rate of 15.7%.
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Personality snowflake
- Concentration
- 26.19
- Portfolio Stability
- 15.7
- Momentum
- 100
- Sector conviction
- 55.72
- Diversification
- 40
- Sizing Uniformity
- 94.29
Wellcome Trust LTD's disclosed holdings carry a Herfindahl concentration index of 0.065 — mathematically equivalent to about 15 equally-sized positions, close to its 20 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.57), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd CSCO
0.0% $239.2M
Trim ACN
0.0% -$81.2M
Trim PEP
0.0% -$39.8M
Trim ABT
0.0% -$37.3M
Add GOOGL
0.0% $125.7M
Add GOOG
0.0% $119.6M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | Stock-Financials | 9.14% | +0.18% | — | |
| 2 | AAPL | Apple Inc | Stock-Tech | 8.99% | +0.21% | — | |
| 3 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 8.73% | +0.24% | — | |
| 4 | CSCO | Cisco Systems Inc | Stock-Tech | 7.82% | +2.07% | — | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.14% | +0.75% | — | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.06% | +0.68% | — | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 7.02% | +0.16% | +13.01% | |
| 8 | LIN | Linde plc | Stock-Materials | 6.45% | -0.41% | — | |
| 9 | DASH | Doordash Inc - A | Stock-Consumer Disc | 6.14% | +0.57% | — | |
| 10 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 5.82% | -0.39% | — | |
| 11 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 4.82% | +0.07% | — | |
| 12 | JNJ | Johnson & Johnson | Stock-Healthcare | 4.51% | -0.32% | — | |
| 13 | MA | Mastercard Inc - A | Stock-Financials | 4.09% | -0.05% | +7.09% | |
| 14 | ABT | Abbott Laboratories | Stock-Healthcare | 3.15% | -0.81% | — | |
| 15 | PEP | Pepsico Inc | Stock-Consumer Staples | 3.00% | -0.84% | — | |
| 16 | NOW | Servicenow Inc | Stock-Tech | 2.48% | -0.43% | — | |
| 17 | ACN | Accenture plc | Stock-Tech | 1.52% | -1.17% | — | |
| 18 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 1.37% | -0.59% | — | |
| 19 | KLAR | Klarna Group plc | Stock-Other | 0.71% | +0.20% | — | |
| 20 | NMRA | Neumora Therapeutics Inc | Stock-Other | 0.06% | -0.02% | — |
Portfolio Performance
Performance for Q3 2026
+6.3%
Performance Last 4 Quarters
+13.2%
- Stdev
- +13.4%
- Beta
- +0.93
- Alpha
- -4%
- Max Drawdown
- -11.2%
- Annualized Perf
- +14.6%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +1.99
- Stutzer
- +0.32
- Treynor
- +0.16
- Sterling
- +0.81
- Calmar
- +1.31
- Information Ratio
- -0.89
- Tracking Error
- +6.1%
- Stdev Down
- +7.3%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +24.9%
- Worst 12 Months
- +4.1%
- Efficiency Ratio
- +0.43
- Sharpe
- +1.08
- Stdev Sectors
- +7.8%
- Skewness
- -0.02
- Kurtosis
- -0.21
- Upside Potential
- +3.64
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 20 | $9.0B | 16 | ||
| 2026 Q1 | 21 | $8.1B | 18 | ||
| 2025 Q4 | 21 | $9.3B | 10 | ||
| 2025 Q3 | 21 | $9.2B | 17 | ||
| 2025 Q2 | 20 | $8.7B | 0 | ||
| 2025 Q1 | 20 | $8.0B | 100 | ||
| 2024 Q4 | 21 | $8.3B | 0 | ||
| 2024 Q3 | 22 | $8.2B | 0 | ||
| 2024 Q2 | 23 | $7.8B | 0 | ||
| 2024 Q1 | 23 | $8.3B | 0 | ||
| 2023 Q4 | 23 | $8.1B | 0 | ||
| 2023 Q3 | 23 | $7.5B | 0 | ||
| 2023 Q2 | 21 | $7.6B | 0 | ||
| 2023 Q1 | 21 | $7.2B | 0 | ||
| 2022 Q4 | 22 | $6.8B | 0 | ||
| 2022 Q3 | 22 | $6.4B | 0 | ||
| 2022 Q2 | 24 | $7.7B | 0 | ||
| 2022 Q1 | 24 | $9.6B | 0 | ||
| 2021 Q4 | 26 | $10.5B | 0 | ||
| 2021 Q3 | 24 | $10.1B | 0 | ||
| 2021 Q2 | 24 | $10.5B | 15 | ||
| 2021 Q1 | 25 | $9.6B | 18 | ||
| 2020 Q4 | 24 | $9.8B | 32 | ||
| 2020 Q3 | 23 | $7.4B | 14 | ||
| 2020 Q2 | 23 | $6.6B | 32 | ||
| 2020 Q1 | 23 | $5.6B | 39 | ||
| 2019 Q4 | 20 | $7.5B | 17 | ||
| 2019 Q3 | 20 | $6.3B | 12 | ||
| 2019 Q2 | 19 | $6.4B | 7 | ||
| 2019 Q1 | 19 | $6.2B | 17 | ||
| 2018 Q4 | 20 | $5.3B | 25 | ||
| 2018 Q3 | 20 | $6.3B | 14 | ||
| 2018 Q2 | 21 | $6.2B | 15 | ||
| 2018 Q1 | 21 | $6.7B | 10 | ||
| 2017 Q4 | 21 | $6.6B | 9 | ||
| 2017 Q3 | 21 | $6.3B | 8 | ||
| 2017 Q2 | 20 | $5.9B | 7 | ||
| 2017 Q1 | 20 | $5.6B | 21 | ||
| 2016 Q4 | 28 | $5.0B | 12 | ||
| 2016 Q3 | 29 | $4.8B | 20 | ||
| 2016 Q2 | 30 | $4.4B | 8 | ||
| 2016 Q1 | 29 | $4.5B | 15 | ||
| 2015 Q4 | 31 | $5.0B | 26 | ||
| 2015 Q3 | 30 | $4.5B | 12 | ||
| 2015 Q2 | 28 | $4.9B | 23 | ||
| 2015 Q1 | 28 | $4.7B | 26 | ||
| 2014 Q4 | 30 | $4.8B | 15 | ||
| 2014 Q3 | 31 | $4.8B | 58 | ||
| 2014 Q2 | 32 | $4.2B | 49 | ||
| 2014 Q1 | 36 | $4.1B | 18 | ||
| 2013 Q4 | 26 | $3.8B | 22 | ||
| 2013 Q3 | 23 | $3.0B | 10 | ||
| 2013 Q2 | 24 | $2.8B | 0 |
Holding changes this quarter
Wellcome Trust LTD's most significant position changes for 2026-06-30: Sold out: Medline Inc-cl A (MDLN); Add: Microsoft CORP (MSFT) — shares +13.01%; Add: Mastercard Inc - A (MA) — shares +7.09%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CSCO | Cisco Systems Inc | +2.1% | — | Unchanged |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | — | Unchanged |
| 3 | GOOG | Alphabet Inc-cl C | +0.7% | — | Unchanged |
| 4 | DASH | Doordash Inc - A | +0.6% | — | Unchanged |
| 5 | AMZN | Amazon.com Inc | +0.2% | — | Unchanged |
| 6 | AAPL | Apple Inc | +0.2% | — | Unchanged |
| 7 | KLAR | Klarna Group plc | +0.2% | — | Unchanged |
| 8 | V | Visa Inc-class A Shares | +0.2% | — | Unchanged |
| 9 | MSFT | Microsoft CORP | +0.2% | +13.01% | Add |
| 10 | EW | Edwards Lifesciences CORP | +0.1% | — | Unchanged |
| 11 | NMRA | Neumora Therapeutics Inc | 0% | — | Unchanged |
| 12 | MA | Mastercard Inc - A | -0.1% | +7.09% | Add |
| 13 | MDLN | Medline Inc-cl A | -0.1% | EXIT | Sold out |
| 14 | JNJ | Johnson & Johnson | -0.3% | — | Unchanged |
| 15 | BRK-A | Berkshire Hathaway Inc-cl A | -0.4% | — | Unchanged |
| 16 | LIN | Linde plc | -0.4% | — | Unchanged |
| 17 | NOW | Servicenow Inc | -0.4% | — | Unchanged |
| 18 | NKE | Nike Inc -cl B | -0.6% | — | Unchanged |
| 19 | ABT | Abbott Laboratories | -0.8% | — | Unchanged |
| 20 | PEP | Pepsico Inc | -0.8% | — | Unchanged |
| 21 | ACN | Accenture plc | -1.2% | — | Unchanged |
Filing History
FAQ
What is Wellcome Trust LTD and what type of investor is it?
Wellcome Trust LTD is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $9.0B, spread across 20 disclosed positions.
What are Wellcome Trust LTD's largest equity positions?
Based on the latest 13F filing, Wellcome Trust LTD's top holdings by market value are:
1. Visa Inc-class A Shares (V) — $823.4M (9.1%)
2. Apple Inc (AAPL) — $810.2M (9.0%)
3. Amazon.com Inc (AMZN) — $786.5M (8.7%)
4. Cisco Systems Inc (CSCO) — $704.8M (7.8%)
5. Alphabet Inc-cl A (GOOGL) — $643.3M (7.1%)
What changes did Wellcome Trust LTD make in its most recent portfolio filing?
In the latest reported quarter, Wellcome Trust LTD made 3 notable position adjustments: 0 new positions were initiated, 2 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Medline Inc-cl A (MDLN); Add: Microsoft CORP (MSFT) — shares +13.01%; Add: Mastercard Inc - A (MA) — shares +7.09%
What sectors does Wellcome Trust LTD focus on?
Wellcome Trust LTD is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.8%
• Consumer Discretionary: 17.4%
• Communication Services: 15.2%
• Financials: 14.2%
• Health Care: 13.3%
• Materials: 6.9%
Investment Profile
Wellcome Trust LTD returned an annualized 14.6% over the trailing 36 months — underperforming the S&P 500 by 4.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 31% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 16 over the past 4 quarters — a shift toward more active trading.
It has added to its CSCO position over the past two quarters (+$242.6M, now $704.8M), while trimming ACN over the same stretch (-$158.2M, still holding $136.9M).
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Developer Access
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