Martin Currie Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Martin Currie Ltd. reported 56 stock positions worth $2.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 8.7% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 7.7%) and Alibaba Group Holding-SP ADR (BABA, 7.6%). Compared with Q4 2024, it opened 3 new positions, added to 19 and reduced 34. The biggest buy was Linde (LIN, shares +9%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −32%).
- Most Recent 13F
- Q2 2025
- Location
- Edinburgh, X0
- CIK
- 0001094499
- Portfolio Value
- $2.5B (Q1 2025)
- SEC Filing
- 0001094499-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 56 stocks · $2.5B
| TSM Taiwan Semiconductor-SP ADR | 8.72% | 1,302,777 | $216.3M | Reduce -32.3% |
| HDB HDFC Bank Ltd.-ADR | 7.70% | 2,872,652 | $190.9M | Reduce -2.9% |
| BABA Alibaba Group Holding-SP ADR | 7.60% | 1,426,064 | $188.6M | Reduce -10.3% |
| RACE Ferrari NV | 6.72% | 390,093 | $166.7M | Add +6.7% |
| LIN Linde PLC | 6.11% | 325,305 | $151.5M | Add +8.7% |
| IBN Icici Bank Ltd.-Spon ADR | 5.31% | 4,176,527 | $131.6M | Reduce -3.6% |
| NVDA Nvidia Corp. | 4.65% | 1,062,722 | $115.2M | Reduce -7.6% |
| MSFT Microsoft Corp. | 4.08% | 269,822 | $101.3M | Add +7.0% |
| MA Mastercard Inc. Class A | 3.57% | 161,364 | $88.4M | Add +2.5% |
| AAPL Apple Inc. | 3.06% | 342,036 | $76.0M | Add +5.8% |
| MELI MercadoLibre Inc. | 2.94% | 37,373 | $72.9M | Reduce -11.5% |
| MTD Mettler-Toledo International | 2.76% | 57,992 | $68.5M | Add +3.9% |
| META Meta Platforms Inc. Class A | 2.76% | 118,679 | $68.4M | Add +4.1% |
| TCOM Trip.com Group Ltd.-ADR | 2.53% | 986,489 | $62.7M | Reduce -14.7% |
| ADSK Autodesk Inc. | 2.50% | 236,345 | $61.9M | Add +30.5% |
| JD Jd.com Inc.-ADR | 2.36% | 1,421,908 | $58.5M | Reduce -13.5% |
| VEEV Veeva Systems Inc. Class A | 2.32% | 248,098 | $57.5M | Add +0.6% |
| CDNS Cadence Design SYS Inc. | 2.24% | 218,771 | $55.6M | Add +4.9% |
| ZTS Zoetis Inc. | 2.01% | 303,063 | $49.9M | Add +1.9% |
| V Visa Inc. Class A | 1.92% | 136,087 | $47.7M | Reduce -5.4% |
| DECK Deckers Outdoor Corp. | 1.61% | 356,211 | $39.8M | Add +25.4% |
| AMZN Amazon.com Inc. | 1.51% | 196,932 | $37.5M | Reduce -9.2% |
| GLOB Globant SA | 1.40% | 295,861 | $34.8M | Reduce -25.5% |
| MMYT Makemytrip Ltd. | 1.38% | 349,509 | $34.2M | Reduce -14.6% |
| IDXX Idexx Laboratories Inc. | 1.34% | 79,215 | $33.3M | Add +8.6% |
| KSA Ishrs MSCI Saudi Arabia ETF | 1.33% | 794,471 | $32.9M | Add +7.0% |
| RMD Resmed Inc. | 1.27% | 140,934 | $31.5M | Add +22.7% |
| CMG Chipotle Mexican Grill Inc. | 1.21% | 599,440 | $30.1M | Add +8.1% |
| LLY Eli Lilly & Co. | 1.16% | 34,842 | $28.8M | Reduce -6.9% |
| LULU Lululemon Athletica Inc. | 1.07% | 93,832 | $26.6M | New |
| EPAM Epam Systems Inc. | 0.87% | 127,464 | $21.5M | Reduce -14.7% |
| CRH CRH PLC | 0.81% | 229,500 | $20.1M | Reduce -18.5% |
| INFY Infosys Ltd.-SP ADR | 0.61% | 830,883 | $15.2M | Reduce -5.9% |
| SNPS Synopsys Inc. | 0.49% | 28,070 | $12.0M | Reduce -2.1% |
| CPRT Copart Inc. | 0.35% | 155,365 | $8.8M | Reduce -15.5% |
| ANSS Ansys Inc. | 0.35% | 27,140 | $8.6M | Reduce -15.3% |
| CSANY Cosan SA -ADR | 0.30% | 1,439,121 | $7.5M | Add +20.1% |
| AMAT Applied Materials Inc. | 0.27% | 46,974 | $6.8M | New |
| DXCM Dexcom Inc. | 0.26% | 95,071 | $6.5M | Reduce -15.5% |
| ISRG Intuitive Surgical Inc. | 0.06% | 3,003 | $1.5M | Reduce -7.0% |
| ECL Ecolab Inc. | 0.05% | 4,715 | $1.2M | Reduce -7.0% |
| EWY iShares MSCI South Korea ETF | 0.05% | 20,981 | $1.1M | Add +3.7% |
| RVTY Revvity Inc. | 0.04% | 10,494 | $1.1M | Reduce -7.0% |
| XYL Xylem Inc. | 0.04% | 9,127 | $1.1M | Reduce -17.9% |
| VMI Valmont Industries | 0.04% | 3,581 | $1.0M | Reduce -7.2% |
| TYL Tyler Technologies Inc. | 0.04% | 1,681 | $977K | Reduce -7.0% |
| DE Deere & Co. | 0.03% | 1,767 | $829K | Reduce -27.6% |
| LRN Stride Inc. | 0.03% | 5,722 | $724K | Reduce -7.1% |
| IEMG iShares Core MSCI Emerging | 0.03% | 12,061 | $651K | Reduce -96.3% |
| VRRM Verra Mobility Corp. | 0.02% | 27,122 | $611K | Reduce -7.1% |
| PLNT Planet Fitness Inc. Class A | 0.02% | 5,277 | $510K | Reduce -7.1% |
| ILMN Illumina Inc. | 0.02% | 5,743 | $456K | Reduce -97.4% |
| EXPO Exponent Inc. | 0.02% | 5,550 | $450K | New |
| FLSA Franklin Ftse Saudi Arabia | 0.01% | 9,128 | $325K | Add +5.9% |
| ERII Energy Recovery Inc. | 0.01% | 17,012 | $270K | Reduce -7.1% |
| COUR Coursera Inc. | 0.01% | 31,689 | $211K | Reduce -7.1% |
Portfolio Sells Q4 2024 → Q1 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -32.3% | 8.72% | −5.25 |
| GLOB Globant SA | Reduce -25.5% | 1.40% | −1.73 |
| ILMN Illumina Inc. | Reduce -97.4% | 0.02% | −1.06 |
| NVDA Nvidia Corp. | Reduce -7.6% | 4.65% | −1.03 |
| IEMG iShares Core MSCI Emerging | Reduce -96.3% | 0.03% | −0.60 |
| EPAM Epam Systems Inc. | Reduce -14.7% | 0.87% | −0.42 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -14.7% | 2.53% | −0.39 |
| MMYT Makemytrip Ltd. | Reduce -14.6% | 1.38% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -9.2% | 1.51% | −0.24 |
| CRH CRH PLC | Reduce -18.5% | 0.81% | −0.15 |
| INFY Infosys Ltd.-SP ADR | Reduce -5.9% | 0.61% | −0.10 |
| DXCM Dexcom Inc. | Reduce -15.5% | 0.26% | −0.06 |
| ANSS Ansys Inc. | Reduce -15.3% | 0.35% | −0.05 |
| CPRT Copart Inc. | Reduce -15.5% | 0.35% | −0.03 |
| SNPS Synopsys Inc. | Reduce -2.1% | 0.49% | −0.03 |
| DE Deere & Co. | Reduce -27.6% | 0.03% | −0.00 |
| XYL Xylem Inc. | Reduce -17.9% | 0.04% | −0.00 |
| VMI Valmont Industries | Reduce -7.2% | 0.04% | −0.00 |
| COUR Coursera Inc. | Reduce -7.1% | 0.01% | −0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -7.0% | 0.06% | −0.00 |
| RVTY Revvity Inc. | Reduce -7.0% | 0.04% | −0.00 |
| VRRM Verra Mobility Corp. | Reduce -7.1% | 0.02% | −0.00 |
| PLNT Planet Fitness Inc. Class A | Reduce -7.1% | 0.02% | −0.00 |
| ERII Energy Recovery Inc. | Reduce -7.1% | 0.01% | +0.00 |
| TYL Tyler Technologies Inc. | Reduce -7.0% | 0.04% | +0.00 |
| ECL Ecolab Inc. | Reduce -7.0% | 0.05% | +0.00 |
| LRN Stride Inc. | Reduce -7.1% | 0.03% | +0.01 |
| LLY Eli Lilly & Co. | Reduce -6.9% | 1.16% | +0.10 |
| V Visa Inc. Class A | Reduce -5.4% | 1.92% | +0.25 |
| JD Jd.com Inc.-ADR | Reduce -13.5% | 2.36% | +0.26 |
| MELI MercadoLibre Inc. | Reduce -11.5% | 2.94% | +0.30 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -3.6% | 5.31% | +0.55 |
| HDB HDFC Bank Ltd.-ADR | Reduce -2.9% | 7.70% | +0.75 |
| BABA Alibaba Group Holding-SP ADR | Reduce -10.3% | 7.60% | +2.65 |
Portfolio Buys Q4 2024 → Q1 2025
| LIN Linde PLC | Add +8.7% | 6.11% | +1.50 |
| LULU Lululemon Athletica Inc. | New | 1.07% | +1.07 |
| RACE Ferrari NV | Add +6.7% | 6.72% | +0.99 |
| ADSK Autodesk Inc. | Add +30.5% | 2.50% | +0.53 |
| MA Mastercard Inc. Class A | Add +2.5% | 3.57% | +0.52 |
| VEEV Veeva Systems Inc. Class A | Add +0.6% | 2.32% | +0.41 |
| RMD Resmed Inc. | Add +22.7% | 1.27% | +0.31 |
| META Meta Platforms Inc. Class A | Add +4.1% | 2.76% | +0.30 |
| AMAT Applied Materials Inc. | New | 0.27% | +0.27 |
| MTD Mettler-Toledo International | Add +3.9% | 2.76% | +0.25 |
| IDXX Idexx Laboratories Inc. | Add +8.6% | 1.34% | +0.23 |
| ZTS Zoetis Inc. | Add +1.9% | 2.01% | +0.23 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +7.0% | 1.33% | +0.21 |
| MSFT Microsoft Corp. | Add +7.0% | 4.08% | +0.18 |
| AAPL Apple Inc. | Add +5.8% | 3.06% | +0.09 |
| CSANY Cosan SA -ADR | Add +20.1% | 0.30% | +0.06 |
| EXPO Exponent Inc. | New | 0.02% | +0.02 |
| EWY iShares MSCI South Korea ETF | Add +3.7% | 0.05% | +0.01 |
| FLSA Franklin Ftse Saudi Arabia | Add +5.9% | 0.01% | +0.00 |
| CMG Chipotle Mexican Grill Inc. | Add +8.1% | 1.21% | −0.02 |
| CDNS Cadence Design SYS Inc. | Add +4.9% | 2.24% | −0.06 |
| DECK Deckers Outdoor Corp. | Add +25.4% | 1.61% | −0.52 |