Milford Funds Ltd.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Milford Funds Ltd. reported 91 stock positions worth $6.1 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Amazon.com (AMZN, 6.5%) and Microsoft (MSFT, 6.2%). Compared with Q1 2026, it opened 20 new positions, sold out of 4, added to 33 and reduced 31. The biggest buy was Apple (AAPL, shares +111%) and the biggest sale Intuit (INTU, shares −47%).

Most Recent 13F
Q2 2026
Location
AUCKLAND, Q2
CIK
0001775715
Portfolio Value
$6.1B (Q2 2026)
SEC Filing
0001775715-26-000008 ↗ filed Jul 30, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q4 2025: $5.1B Q4 2025 Q1 2026: $4.8B Q1 2026 Q2 2026: $6.1B $6.1B Q2 2026

Holdings 91 stocks · $6.1B
NVDA Nvidia Corp. 6.54% 2,008,089 $401.8M Add +64.3%
AMZN Amazon.com Inc. 6.48% 1,670,487 $398.1M Add +42.0%
MSFT Microsoft Corp. 6.18% 1,016,770 $379.3M Add +37.4%
GOOG Alphabet Inc. Class C 5.65% 982,421 $347.1M Add +57.5%
AAPL Apple Inc. 5.39% 1,144,314 $331.1M Add +111.4%
ARMK Aramark 4.82% 5,206,279 $296.2M Reduce -13.8%
TSM Taiwan Semiconductor-SP ADR 3.77% 484,461 $231.4M Reduce -24.5%
META Meta Platforms Inc. Class A 3.09% 336,824 $189.7M Add +49.3%
BAC Bank of America Corp. 2.94% 3,170,053 $180.6M Reduce -0.7%
NGG National Grid PLC-SP ADR 2.06% 1,529,471 $126.7M Reduce -13.8%
SHEL Shell PLC-ADR 2.06% 1,629,520 $126.4M Reduce -26.3%
MU Micron Technology Inc. 2.00% 106,516 $123.0M Reduce -59.3%
UNP Union Pacific Corp. 1.97% 443,806 $120.7M Add +103.3%
APG Api Group Corp. 1.94% 2,814,037 $119.2M Add +28.8%
AVGO Broadcom Inc. 1.90% 309,303 $116.8M Add +22.2%
JNJ Johnson & Johnson 1.61% 390,256 $99.1M New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.52% 407,718 $93.6M Add +13.7%
JPM JPMorgan Chase & Co. 1.51% 284,028 $93.0M Add +50.7%
BSX Boston Scientific Corp. 1.51% 2,169,484 $92.6M Reduce -1.8%
CCI Crown Castle Inc. 1.50% 1,213,248 $91.9M Reduce -33.0%
TMO Thermo Fisher Scientific Inc. 1.38% 169,454 $85.0M Add +2.5%
HCA HCA Healthcare Inc. 1.34% 210,739 $82.2M Add +30.3%
RYAAY Ryanair Holdings PLC-SP ADR 1.33% 1,263,847 $81.8M Add +25.4%
AMT American Tower Corp. 1.30% 489,853 $80.1M Reduce -21.1%
RIO Rio Tinto PLC-Spon ADR 1.24% 800,895 $76.0M Add +19.3%
CP Canadian Pacific Kansas City 1.22% 684,565 $74.7M Add +128.3%
AMAT Applied Materials Inc. 1.20% 102,084 $73.8M Add +28.3%
AMD Advanced Micro Devices 1.20% 126,671 $73.6M Add +45.6%
DUK Duke Energy Corp. 1.14% 552,093 $69.9M Reduce -0.2%
LLY Eli Lilly & Co. 1.04% 53,305 $63.9M Add +115.3%
CBRE CBRE Group Inc. Class A 1.02% 465,564 $62.7M Add +341.0%
IR Ingersoll-Rand Inc. 0.94% 705,825 $57.9M New
V Visa Inc. Class A 0.93% 167,308 $57.4M Add +497.5%
COP Conocophillips 0.93% 547,947 $57.0M Reduce -16.7%
FLS Flowserve Corp. 0.91% 752,387 $55.8M New
TOL Toll Brothers Inc. 0.90% 335,735 $55.3M Reduce -5.4%
MS Morgan Stanley 0.90% 264,258 $55.2M New
NFLX Netflix Inc. 0.89% 768,519 $54.9M Reduce -15.6%
BP BP PLC-Spons ADR 0.86% 1,435,411 $53.0M Add +63.1%
LNG Cheniere Energy Inc. 0.86% 221,631 $53.0M Add +248.0%
INTU Intuit Inc. 0.86% 202,506 $52.9M Reduce -46.8%
WAT Waters Corp. 0.83% 135,437 $50.8M Add +103.2%
TDG Transdigm Group Inc. 0.80% 36,841 $49.1M Reduce -3.3%
PHM Pultegroup Inc. 0.70% 312,140 $42.8M Reduce -36.3%
DHR Danaher Corp. 0.70% 224,115 $42.7M Add +64.7%
PLD Prologis Inc. 0.65% 295,893 $40.1M Reduce -20.6%
SLB SLB Ltd. filed as SLB LIMITED 0.62% 822,856 $38.3M Add +545.4%
MA Mastercard Inc. Class A 0.60% 71,339 $36.6M Reduce -17.9%
NEM Newmont Corp. 0.54% 353,829 $33.0M Reduce -18.7%
JLL Jones Lang Lasalle Inc. 0.53% 104,000 $32.2M Reduce -27.8%
INTC Intel Corp. 0.48% 212,918 $29.7M New
UNH Unitedhealth Group Inc. 0.46% 68,386 $28.4M New
AEE Ameren Corporation 0.45% 245,838 $27.8M No change
PANW Palo Alto Networks Inc. 0.45% 80,722 $27.5M New
GXO Gxo Logistics Inc. 0.43% 519,977 $26.4M Reduce -48.0%
SPGI S&P Global Inc. 0.40% 60,435 $24.6M Add +14.4%
ORCL Oracle Corp. 0.38% 157,195 $23.0M New
IBKR Interactive Brokers Gro Class A 0.35% 246,101 $21.4M Add +2.8%
HLT Hilton Worldwide Holdings Inc. 0.34% 63,032 $20.8M Add +16.7%
WMT Walmart Inc. 0.31% 168,275 $19.1M Add +8.1%
CVX Chevron Corp. 0.30% 111,375 $18.5M New
LOW Lowe's Cos Inc. 0.28% 78,253 $17.3M No change
BDX Becton Dickinson and Co. 0.27% 108,000 $16.3M Reduce -61.4%
CEG Constellation Energy 0.26% 63,723 $15.8M Add +4148.2%
UBER Uber Technologies Inc. 0.23% 198,376 $14.3M Add +30.2%
ICE Intercontinental Exchange Inc. 0.17% 87,228 $10.7M Reduce -55.7%
FISV Fiserv Inc. 0.17% 208,000 $10.2M Reduce -64.6%
MCD McDonald's Corp. 0.16% 37,218 $10.1M Reduce -47.6%
CFG Citizens Financial Group 0.15% 135,000 $9.5M Add +45.2%
CNP Centerpoint Energy Inc. 0.15% 208,322 $9.2M Reduce -36.8%
LIF LIFE360 Inc. 0.14% 149,737 $8.3M No change
SPCX Space Exploration Techn Class A 0.11% 40,400 $6.9M New
SNDK Sandisk Corp. 0.11% 3,005 $6.8M New
TXN Texas Instruments Inc. 0.08% 16,714 $5.0M New
GLD SPDR Gold Shares 0.08% 13,231 $4.9M New
GPK Graphic Packaging Holding Co. 0.08% 440,110 $4.7M Reduce -62.7%
DDOG Datadog Inc. Class A 0.08% 17,768 $4.6M New
ADSK Autodesk Inc. 0.06% 18,192 $3.5M New
TRP TC Energy Corp. 0.04% 29,163 $2.7M No change
RMD Resmed Inc. 0.03% 10,000 $1.9M Reduce -93.3%
VEEV Veeva Systems Inc. Class A 0.03% 9,648 $1.7M New
HLN Haleon PLC-ADR 0.03% 180,000 $1.7M No change
KMI Kinder Morgan Inc. 0.03% 52,327 $1.7M No change
NEE Nextera Energy Inc. 0.02% 14,367 $1.3M No change
DELL Dell Technologies -C 0.02% 2,709 $1.2M New
TWLO Twilio Inc. Class A 0.01% 4,100 $846K New
AWK American Water Works Co. Inc. 0.01% 3,700 $487K New
NOW ServiceNow Inc. 0.01% 4,621 $459K Reduce -79.1%
CRM Salesforce Inc. 0.01% 2,720 $426K Reduce -99.5%
GOOGL Alphabet Inc. Class A 0.01% 1,000 $357K New
SBAC SBA Communications Corp. 0.01% 2,000 $353K Reduce -97.2%

Portfolio Sells Q1 2026 → Q2 2026
INTU Intuit Inc. Reduce -46.8% 0.86% −2.59
SHEL Shell PLC-ADR Reduce -26.3% 2.06% −2.25
CRM Salesforce Inc. Reduce -99.5% 0.01% −1.93
CCI Crown Castle Inc. Reduce -33.0% 1.50% −1.59
BSX Boston Scientific Corp. Reduce -1.8% 1.51% −1.40
NGG National Grid PLC-SP ADR Reduce -13.8% 2.06% −1.08
NFLX Netflix Inc. Reduce -15.6% 0.89% −0.94
AMT American Tower Corp. Reduce -21.1% 1.30% −0.94
COP Conocophillips Reduce -16.7% 0.93% −0.89
TSM Taiwan Semiconductor-SP ADR Reduce -24.5% 3.77% −0.78
RMD Resmed Inc. Reduce -93.3% 0.03% −0.67
GXO Gxo Logistics Inc. Reduce -48.0% 0.43% −0.66
BDX Becton Dickinson and Co. Reduce -61.4% 0.27% −0.65
FISV Fiserv Inc. Reduce -64.6% 0.17% −0.52
PHM Pultegroup Inc. Reduce -36.3% 0.70% −0.51
ICE Intercontinental Exchange Inc. Reduce -55.7% 0.17% −0.47
NEM Newmont Corp. Reduce -18.7% 0.54% −0.45
JLL Jones Lang Lasalle Inc. Reduce -27.8% 0.53% −0.39
DUK Duke Energy Corp. Reduce -0.2% 1.14% −0.38
PLD Prologis Inc. Reduce -20.6% 0.65% −0.38
BAC Bank of America Corp. Reduce -0.7% 2.94% −0.32
MA Mastercard Inc. Class A Reduce -17.9% 0.60% −0.31
ARMK Aramark Reduce -13.8% 4.82% −0.31
MCD McDonald's Corp. Reduce -47.6% 0.16% −0.30
CARR Carrier Global Corp. Sold out 0.00% −0.28
SBAC SBA Communications Corp. Reduce -97.2% 0.01% −0.25
TRU Transunion Sold out 0.00% −0.18
GPK Graphic Packaging Holding Co. Reduce -62.7% 0.08% −0.17
CNP Centerpoint Energy Inc. Reduce -36.8% 0.15% −0.15
EFX Equifax Inc. Sold out 0.00% −0.14
TDG Transdigm Group Inc. Reduce -3.3% 0.80% −0.13
TOL Toll Brothers Inc. Reduce -5.4% 0.90% −0.11
NOW ServiceNow Inc. Reduce -79.1% 0.01% −0.04
IQV Iqvia Holdings Inc. Sold out 0.00% −0.02
MU Micron Technology Inc. Reduce -59.3% 2.00% +0.15

Portfolio Buys Q1 2026 → Q2 2026
AAPL Apple Inc. Add +111.4% 5.39% +2.51
NVDA Nvidia Corp. Add +64.3% 6.54% +2.08
GOOG Alphabet Inc. Class C Add +57.5% 5.65% +1.90
JNJ Johnson & Johnson New 1.61% +1.61
AMZN Amazon.com Inc. Add +42.0% 6.48% +1.35
IR Ingersoll-Rand Inc. New 0.94% +0.94
FLS Flowserve Corp. New 0.91% +0.91
MS Morgan Stanley New 0.90% +0.90
UNP Union Pacific Corp. Add +103.3% 1.97% +0.86
AMD Advanced Micro Devices Add +45.6% 1.20% +0.83
V Visa Inc. Class A Add +497.5% 0.93% +0.76
CBRE CBRE Group Inc. Class A Add +341.0% 1.02% +0.72
AMAT Applied Materials Inc. Add +28.3% 1.20% +0.63
LLY Eli Lilly & Co. Add +115.3% 1.04% +0.56
CP Canadian Pacific Kansas City Add +128.3% 1.22% +0.53
SLB SLB Ltd. Add +545.4% 0.62% +0.49
INTC Intel Corp. New 0.48% +0.48
LNG Cheniere Energy Inc. Add +248.0% 0.86% +0.48
UNH Unitedhealth Group Inc. New 0.46% +0.46
PANW Palo Alto Networks Inc. New 0.45% +0.45
MSFT Microsoft Corp. Add +37.4% 6.18% +0.44
WAT Waters Corp. Add +103.2% 0.83% +0.41
META Meta Platforms Inc. Class A Add +49.3% 3.09% +0.38
ORCL Oracle Corp. New 0.38% +0.38
JPM JPMorgan Chase & Co. Add +50.7% 1.51% +0.35
CVX Chevron Corp. New 0.30% +0.30
AVGO Broadcom Inc. Add +22.2% 1.90% +0.26
CEG Constellation Energy Add +4148.2% 0.26% +0.25
DHR Danaher Corp. Add +64.7% 0.70% +0.15
SPCX Space Exploration Techn Class A New 0.11% +0.11
RYAAY Ryanair Holdings PLC-SP ADR Add +25.4% 1.33% +0.11
SNDK Sandisk Corp. New 0.11% +0.11
APG Api Group Corp. Add +28.8% 1.94% +0.09
TXN Texas Instruments Inc. New 0.08% +0.08
GLD SPDR Gold Shares New 0.08% +0.08
DDOG Datadog Inc. Class A New 0.08% +0.08
ADSK Autodesk Inc. New 0.06% +0.06
CFG Citizens Financial Group Add +45.2% 0.15% +0.04
VEEV Veeva Systems Inc. Class A New 0.03% +0.03
DELL Dell Technologies -C New 0.02% +0.02
TWLO Twilio Inc. Class A New 0.01% +0.01
IBKR Interactive Brokers Gro Class A Add +2.8% 0.35% +0.01
AWK American Water Works Co. Inc. New 0.01% +0.01
GOOGL Alphabet Inc. Class A New 0.01% +0.01
UBER Uber Technologies Inc. Add +30.2% 0.23% +0.00
BP BP PLC-Spons ADR Add +63.1% 0.86% −0.00
HLT Hilton Worldwide Holdings Inc. Add +16.7% 0.34% −0.00
SPGI S&P Global Inc. Add +14.4% 0.40% −0.07
RIO Rio Tinto PLC-Spon ADR Add +19.3% 1.24% −0.07
WMT Walmart Inc. Add +8.1% 0.31% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 91$6.1BNVDA, AMZN, MSFT, GOOG, AAPL
Q1 2026 75$4.8BMSFT, AMZN, ARMK, TSM, NVDA
Q4 2025 76$5.1BMSFT, GOOG, AMZN, BAC, NGG