Martin Currie Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Martin Currie Ltd. reported 51 stock positions worth $2.6 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.5% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 8.3%) and Ferrari (RACE, 7.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 7, added to 6 and reduced 43. The biggest buy was Microsoft (MSFT, shares +23%) and the biggest sale Alibaba Group Holding-SP ADR (BABA, shares −8%).
- Most Recent 13F
- Q2 2025
- Location
- Edinburgh, X0
- CIK
- 0001094499
- Portfolio Value
- $2.6B (Q2 2025)
- SEC Filing
- 0001094499-25-000007 ↗ filed Aug 12, 2025
Holdings Value
Holdings 51 stocks · $2.6B
| TSM Taiwan Semiconductor-SP ADR | 9.55% | 1,099,359 | $249.0M | Reduce -15.6% |
| HDB HDFC Bank Ltd.-ADR | 8.35% | 2,838,942 | $217.7M | Reduce -1.2% |
| RACE Ferrari NV | 7.00% | 372,710 | $182.6M | Reduce -4.5% |
| MSFT Microsoft Corp. | 6.35% | 332,849 | $165.6M | Add +23.4% |
| NVDA Nvidia Corp. | 5.84% | 964,719 | $152.4M | Reduce -9.2% |
| BABA Alibaba Group Holding-SP ADR | 5.72% | 1,314,941 | $149.1M | Reduce -7.8% |
| LIN Linde PLC | 5.66% | 314,341 | $147.5M | Reduce -3.4% |
| IBN Icici Bank Ltd.-Spon ADR | 5.26% | 4,078,097 | $137.2M | Reduce -2.4% |
| MELI MercadoLibre Inc. | 3.65% | 36,415 | $95.2M | Reduce -2.6% |
| MA Mastercard Inc. Class A | 3.39% | 157,379 | $88.4M | Reduce -2.5% |
| META Meta Platforms Inc. Class A | 3.29% | 116,065 | $85.7M | Reduce -2.2% |
| VEEV Veeva Systems Inc. Class A | 2.65% | 239,579 | $69.0M | Reduce -3.4% |
| AAPL Apple Inc. | 2.63% | 334,550 | $68.6M | Reduce -2.2% |
| MTD Mettler-Toledo International | 2.46% | 54,591 | $64.1M | Reduce -5.9% |
| CDNS Cadence Design SYS Inc. | 2.40% | 202,957 | $62.5M | Reduce -7.2% |
| ADSK Autodesk Inc. | 2.17% | 182,642 | $56.5M | Reduce -22.7% |
| V Visa Inc. Class A | 2.09% | 153,411 | $54.5M | Add +12.7% |
| KSA Ishrs MSCI Saudi Arabia ETF | 2.06% | 1,395,679 | $53.8M | Add +75.7% |
| ZTS Zoetis Inc. | 1.87% | 311,872 | $48.6M | Add +2.9% |
| IDXX Idexx Laboratories Inc. | 1.69% | 82,254 | $44.1M | Add +3.8% |
| AMZN Amazon.com Inc. | 1.64% | 195,406 | $42.9M | Reduce -0.8% |
| JD Jd.com Inc.-ADR | 1.40% | 1,119,082 | $36.5M | Reduce -21.3% |
| DECK Deckers Outdoor Corp. | 1.38% | 347,862 | $35.9M | Reduce -2.3% |
| RMD Resmed Inc. | 1.35% | 136,131 | $35.1M | Reduce -3.4% |
| MMYT Makemytrip Ltd. | 1.27% | 338,538 | $33.2M | Reduce -3.1% |
| CMG Chipotle Mexican Grill Inc. | 1.26% | 585,342 | $32.9M | Reduce -2.4% |
| TCOM Trip.com Group Ltd.-ADR | 1.25% | 555,578 | $32.6M | Reduce -43.7% |
| INTR Inter & Co. Inc. Class A | 1.08% | 3,773,950 | $28.0M | New |
| LLY Eli Lilly & Co. | 1.03% | 34,544 | $26.9M | Reduce -0.9% |
| EPAM Epam Systems Inc. | 0.84% | 124,255 | $22.0M | Reduce -2.5% |
| CRH CRH PLC | 0.65% | 182,500 | $16.9M | Reduce -20.5% |
| SNPS Synopsys Inc. | 0.55% | 27,790 | $14.2M | Reduce -1.0% |
| GLOB Globant SA | 0.50% | 144,881 | $13.2M | Reduce -51.0% |
| ANSS Ansys Inc. | 0.36% | 26,980 | $9.5M | Reduce -0.6% |
| AMAT Applied Materials Inc. | 0.33% | 46,708 | $8.6M | Reduce -0.6% |
| DXCM Dexcom Inc. | 0.32% | 94,523 | $8.3M | Reduce -0.6% |
| CPRT Copart Inc. | 0.29% | 154,469 | $7.6M | Reduce -0.6% |
| INFY Infosys Ltd.-SP ADR | 0.24% | 343,767 | $6.4M | Reduce -58.6% |
| EWY iShares MSCI South Korea ETF | 0.04% | 16,133 | $1.2M | Reduce -23.1% |
| FLSA Franklin Ftse Saudi Arabia | 0.02% | 15,985 | $526K | Add +75.1% |
| ISRG Intuitive Surgical Inc. | 0.02% | 872 | $474K | Reduce -71.0% |
| IEMG iShares Core MSCI Emerging | 0.01% | 6,080 | $365K | Reduce -49.6% |
| VMI Valmont Industries | 0.01% | 1,043 | $341K | Reduce -70.9% |
| ECL Ecolab Inc. | 0.01% | 1,178 | $317K | Reduce -75.0% |
| XYL Xylem Inc. | 0.01% | 2,395 | $310K | Reduce -73.8% |
| RVTY Revvity Inc. | 0.01% | 2,983 | $289K | Reduce -71.6% |
| TYL Tyler Technologies Inc. | 0.01% | 462 | $274K | Reduce -72.5% |
| DE Deere & Co. | 0.01% | 507 | $258K | Reduce -71.3% |
| ULS Ul Solutions Inc. Class A | 0.01% | 3,474 | $253K | New |
| LRN Stride Inc. | 0.01% | 1,646 | $239K | Reduce -71.2% |
| VRRM Verra Mobility Corp. | 0.01% | 7,912 | $201K | Reduce -70.8% |
Portfolio Sells Q1 2025 → Q2 2025
| BABA Alibaba Group Holding-SP ADR | Reduce -7.8% | 5.72% | −1.89 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -43.7% | 1.25% | −1.28 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −1.07 |
| JD Jd.com Inc.-ADR | Reduce -21.3% | 1.40% | −0.96 |
| GLOB Globant SA | Reduce -51.0% | 0.50% | −0.90 |
| LIN Linde PLC | Reduce -3.4% | 5.66% | −0.45 |
| AAPL Apple Inc. | Reduce -2.2% | 2.63% | −0.43 |
| INFY Infosys Ltd.-SP ADR | Reduce -58.6% | 0.24% | −0.37 |
| ADSK Autodesk Inc. | Reduce -22.7% | 2.17% | −0.33 |
| CSANY Cosan SA -ADR | Sold out | 0.00% | −0.30 |
| MTD Mettler-Toledo International | Reduce -5.9% | 2.46% | −0.30 |
| DECK Deckers Outdoor Corp. | Reduce -2.3% | 1.38% | −0.23 |
| MA Mastercard Inc. Class A | Reduce -2.5% | 3.39% | −0.18 |
| CRH CRH PLC | Reduce -20.5% | 0.65% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -0.9% | 1.03% | −0.13 |
| MMYT Makemytrip Ltd. | Reduce -3.1% | 1.27% | −0.11 |
| CPRT Copart Inc. | Reduce -0.6% | 0.29% | −0.06 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -2.4% | 5.26% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -71.0% | 0.02% | −0.04 |
| ECL Ecolab Inc. | Reduce -75.0% | 0.01% | −0.04 |
| RVTY Revvity Inc. | Reduce -71.6% | 0.01% | −0.03 |
| XYL Xylem Inc. | Reduce -73.8% | 0.01% | −0.03 |
| TYL Tyler Technologies Inc. | Reduce -72.5% | 0.01% | −0.03 |
| VMI Valmont Industries | Reduce -70.9% | 0.01% | −0.03 |
| EPAM Epam Systems Inc. | Reduce -2.5% | 0.84% | −0.03 |
| DE Deere & Co. | Reduce -71.3% | 0.01% | −0.02 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.02 |
| LRN Stride Inc. | Reduce -71.2% | 0.01% | −0.02 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.02 |
| EXPO Exponent Inc. | Sold out | 0.00% | −0.02 |
| VRRM Verra Mobility Corp. | Reduce -70.8% | 0.01% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -49.6% | 0.01% | −0.01 |
| ERII Energy Recovery Inc. | Sold out | 0.00% | −0.01 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.01 |
| EWY iShares MSCI South Korea ETF | Reduce -23.1% | 0.04% | −0.00 |
| ANSS Ansys Inc. | Reduce -0.6% | 0.36% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -2.4% | 1.26% | +0.05 |
| AMAT Applied Materials Inc. | Reduce -0.6% | 0.33% | +0.05 |
| DXCM Dexcom Inc. | Reduce -0.6% | 0.32% | +0.05 |
| SNPS Synopsys Inc. | Reduce -1.0% | 0.55% | +0.06 |
| RMD Resmed Inc. | Reduce -3.4% | 1.35% | +0.07 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 1.64% | +0.13 |
| CDNS Cadence Design SYS Inc. | Reduce -7.2% | 2.40% | +0.15 |
| RACE Ferrari NV | Reduce -4.5% | 7.00% | +0.28 |
| VEEV Veeva Systems Inc. Class A | Reduce -3.4% | 2.65% | +0.33 |
| META Meta Platforms Inc. Class A | Reduce -2.2% | 3.29% | +0.53 |
| HDB HDFC Bank Ltd.-ADR | Reduce -1.2% | 8.35% | +0.65 |
| MELI MercadoLibre Inc. | Reduce -2.6% | 3.65% | +0.71 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.6% | 9.55% | +0.83 |
| NVDA Nvidia Corp. | Reduce -9.2% | 5.84% | +1.20 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +23.4% | 6.35% | +2.26 |
| INTR Inter & Co. Inc. Class A | New | 1.08% | +1.08 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +75.7% | 2.06% | +0.74 |
| IDXX Idexx Laboratories Inc. | Add +3.8% | 1.69% | +0.35 |
| V Visa Inc. Class A | Add +12.7% | 2.09% | +0.17 |
| ULS Ul Solutions Inc. Class A | New | 0.01% | +0.01 |
| FLSA Franklin Ftse Saudi Arabia | Add +75.1% | 0.02% | +0.01 |
| ZTS Zoetis Inc. | Add +2.9% | 1.87% | −0.15 |