Royal London Asset Management Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Royal London Asset Management Ltd. reported 667 stock positions worth $40.1 billion. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Apple (AAPL, 4.5%) and Nvidia (NVDA, 4.2%). Compared with Q4 2023, it opened 6 new positions, sold out of 15, added to 321 and reduced 298. The biggest buy was Dollar General (DG, shares +1703%) and the biggest sale Tesla (TSLA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- UNITED KINGDOM, X0
- CIK
- 0000863748
- Portfolio Value
- $40.1B (Q1 2024)
- SEC Filing
- 0001085146-24-002451 ↗ filed May 14, 2024
Holdings Value
Holdings 667 stocks · $40.1B
| MSFT Microsoft Corp. | 7.81% | 7,446,806 | $3.1B | Add +3.1% |
| AAPL Apple Inc. | 4.47% | 10,453,867 | $1.8B | Add +1.5% |
| NVDA Nvidia Corp. | 4.15% | 1,843,509 | $1.7B | Reduce -0.1% |
| AMZN Amazon.com Inc. | 3.97% | 8,824,050 | $1.6B | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 3.14% | 8,350,394 | $1.3B | Add +7.4% |
| V Visa Inc. Class A | 2.28% | 3,283,457 | $916.3M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 1.97% | 1,595,242 | $789.2M | Add +8.2% |
| LLY Eli Lilly & Co. | 1.65% | 849,646 | $661.0M | Reduce -4.6% |
| META Meta Platforms Inc. Class A | 1.63% | 1,349,925 | $655.5M | Add +4.5% |
| STLD Steel Dynamics Inc. | 1.36% | 3,690,858 | $547.1M | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 1.27% | 875,878 | $509.1M | Add +0.9% |
| AVGO Broadcom Inc. | 1.26% | 381,436 | $505.6M | Add +96.5% |
| JPM JPMorgan Chase & Co. | 1.17% | 2,348,511 | $470.4M | Add +5.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.16% | 3,422,659 | $465.7M | Reduce -6.7% |
| PGR Progressive Corp. | 1.10% | 2,124,324 | $439.4M | Reduce -1.8% |
| HCA HCA Healthcare Inc. | 1.05% | 1,259,284 | $420.0M | Reduce -14.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.03% | 986,124 | $414.7M | Add +0.1% |
| MELI MercadoLibre Inc. | 0.89% | 236,845 | $358.1M | Add +20.3% |
| FERG Ferguson Jersey Ltd. | 0.89% | 1,639,383 | $358.1M | Reduce -1.1% |
| THO Thor Industries Inc. | 0.87% | 2,984,399 | $350.2M | Reduce -1.5% |
| DG Dollar General Corp. | 0.85% | 2,179,251 | $340.1M | Add +1702.8% |
| DAL Delta Air Lines Inc. | 0.81% | 6,755,581 | $323.4M | Add +4.5% |
| RS Reliance Inc. | 0.78% | 939,903 | $314.1M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.77% | 1,765,597 | $307.6M | Reduce -16.6% |
| ADBE Adobe Inc. | 0.75% | 598,837 | $302.2M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 0.75% | 1,963,509 | $299.0M | Reduce -1.6% |
| ODFL Old Dominion Freight Line | 0.69% | 1,254,808 | $275.2M | Add +3.3% |
| JNJ Johnson & Johnson | 0.67% | 1,696,539 | $268.4M | Add +4.8% |
| ABBV Abbvie Inc. | 0.67% | 1,469,804 | $267.7M | Add +6.9% |
| PG The Procter & Gamble Co. | 0.65% | 1,607,025 | $260.7M | Add +3.1% |
| HD Home Depot Inc. | 0.62% | 647,275 | $248.3M | Add +2.3% |
| BKNG Booking Holdings Inc. | 0.61% | 67,181 | $243.7M | Add +1.6% |
| AMAT Applied Materials Inc. | 0.59% | 1,153,360 | $237.9M | Add +7.9% |
| UBS UBS Group AG-Reg | 0.59% | 7,642,996 | $234.8M | Add +11.7% |
| TSN Tyson Foods Inc. Class A | 0.57% | 3,917,065 | $230.0M | Add +16.2% |
| LIN Linde PLC | 0.56% | 480,477 | $223.1M | Add +14.5% |
| TSLA Tesla Inc. | 0.54% | 1,233,365 | $216.8M | Reduce -0.2% |
| CNI Canadian Natl Railway Co. | 0.54% | 1,638,102 | $215.8M | Add +2.2% |
| TT Trane Technologies PLC | 0.51% | 686,468 | $206.1M | Reduce -15.0% |
| KNSL Kinsale Capital Group Inc. | 0.51% | 390,063 | $204.7M | Add +5.1% |
| XOM Exxon Mobil Corp. | 0.51% | 1,747,982 | $203.2M | Reduce -0.5% |
| WAB Wabtec Corp. | 0.51% | 1,393,661 | $203.0M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.49% | 1,118,635 | $195.8M | Add +4.2% |
| LAD Lithia Motors Inc. | 0.47% | 631,030 | $189.9M | Add +2.3% |
| INTU Intuit Inc. | 0.47% | 291,246 | $189.3M | Add +0.4% |
| MA Mastercard Inc. Class A | 0.46% | 379,578 | $182.8M | Reduce -0.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.43% | 416,246 | $174.0M | Add +7.3% |
| NFLX Netflix Inc. | 0.43% | 281,333 | $170.9M | Add +1.2% |
| NDSN Nordson Corp. | 0.42% | 618,781 | $169.9M | Reduce -14.5% |
| CSCO Cisco Systems Inc. | 0.42% | 3,378,079 | $168.6M | Add +6.6% |
| TEL Te Connectivity Ltd. | 0.41% | 1,136,638 | $165.1M | Reduce -6.2% |
| STE Steris PLC | 0.41% | 725,643 | $163.1M | Add +11.1% |
| FLUT Flutter Entertainment PLC-Di | 0.39% | 797,823 | $157.6M | New |
| SU Suncor Energy Inc. | 0.38% | 4,129,275 | $152.4M | Add +3.9% |
| MRK Merck & Co. Inc. | 0.38% | 1,142,783 | $150.8M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.37% | 201,010 | $147.3M | Reduce -0.7% |
| ISRG Intuitive Surgical Inc. | 0.36% | 360,472 | $143.9M | Reduce -25.9% |
| CNM Core & Main Inc. Class A | 0.35% | 2,421,520 | $138.6M | Add +59.8% |
| A Agilent Technologies Inc. | 0.34% | 934,021 | $135.7M | Reduce -9.9% |
| PCAR Paccar Inc. | 0.33% | 1,076,434 | $133.4M | Add +9.4% |
| IQV Iqvia Holdings Inc. | 0.33% | 523,602 | $132.4M | Reduce -1.5% |
| HDB HDFC Bank Ltd.-ADR | 0.33% | 2,334,958 | $130.7M | Add +4.7% |
| SYK Stryker Corp. | 0.32% | 358,708 | $128.4M | Reduce -15.0% |
| ELV Elevance Health Inc. | 0.32% | 246,901 | $128.0M | Add +6.2% |
| CVX Chevron Corp. | 0.32% | 804,040 | $126.8M | Reduce -0.8% |
| AMD Advanced Micro Devices | 0.31% | 680,262 | $122.8M | Add +1.9% |
| ADSK Autodesk Inc. | 0.30% | 467,939 | $121.9M | Add +0.4% |
| SLVM Sylvamo Corp. | 0.30% | 1,957,340 | $120.8M | Add +7.2% |
| PM Philip Morris International | 0.30% | 1,307,565 | $119.8M | Add +5.5% |
| CRM Salesforce Inc. | 0.30% | 397,495 | $119.7M | Add +0.3% |
| KO The Coca-Cola Co. | 0.28% | 1,829,202 | $111.9M | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 2,900,233 | $110.0M | Reduce -1.1% |
| WMT Walmart Inc. | 0.27% | 1,808,384 | $108.8M | Reduce -0.1% |
| CPRT Copart Inc. | 0.26% | 1,816,269 | $105.2M | Add +5.7% |
| SNPS Synopsys Inc. | 0.26% | 183,751 | $105.0M | Add +4.5% |
| BLK BlackRock Finance Inc. | 0.26% | 125,116 | $104.3M | Add +3.5% |
| VZ Verizon Communications Inc. | 0.26% | 2,479,511 | $104.0M | Add +2.4% |
| UNP Union Pacific Corp. | 0.26% | 421,518 | $103.7M | Add +6.2% |
| CME Cme Group Inc. | 0.25% | 471,811 | $101.6M | Add +12.5% |
| GS Goldman Sachs Group Inc. | 0.24% | 234,121 | $97.8M | Add +3.8% |
| CMCSA Comcast Corp. Class A | 0.24% | 2,220,359 | $96.3M | Add +0.1% |
| ACN Accenture PLC Class A | 0.24% | 276,833 | $96.0M | Reduce -7.2% |
| MU Micron Technology Inc. | 0.24% | 809,662 | $95.5M | Add +4.0% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 1,703,180 | $92.4M | Add +4.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 748,824 | $91.6M | Reduce -0.2% |
| VLO Valero Energy Corp. | 0.22% | 524,537 | $89.5M | Add +5.1% |
| GILD Gilead Sciences Inc. | 0.22% | 1,222,234 | $89.5M | Add +17.0% |
| MCD McDonald's Corp. | 0.22% | 315,445 | $88.9M | Add +1.9% |
| SAIA Saia Inc. | 0.22% | 151,329 | $88.5M | Add +6.7% |
| AME Ametek Inc. | 0.22% | 482,926 | $88.3M | Add +7.7% |
| BRO Brown & Brown Inc. | 0.22% | 1,008,622 | $88.3M | Add +5.3% |
| SCHW Schwab (charles) Corp. | 0.22% | 1,217,073 | $88.0M | Add +2.8% |
| WFC Wells Fargo & Co. | 0.22% | 1,509,858 | $87.5M | Add +0.1% |
| ABT Abbott Laboratories | 0.22% | 762,736 | $86.7M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 854,383 | $86.7M | Reduce -21.3% |
| EXPD Expeditors Intl Wash Inc. | 0.22% | 711,577 | $86.5M | Add +5.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 135 | $85.6M | Reduce -3.6% |
| PLD Prologis Inc. | 0.21% | 656,986 | $85.6M | Add +7.1% |
| GM General Motors Co. | 0.21% | 1,869,210 | $84.8M | Add +3.6% |
| CDW CDW Corp. | 0.21% | 330,305 | $84.5M | Add +7.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $715K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 16,587 | $715K | Reduce -28.8% |
Total filed on the 13F, all lines: $40.1B.
Portfolio Sells Q4 2023 → Q1 2024
| TSLA Tesla Inc. | Reduce -0.2% | 0.54% | −0.34 |
| TXN Texas Instruments Inc. | Reduce -16.6% | 0.77% | −0.26 |
| SPGI S&P Global Inc. | Reduce -43.6% | 0.16% | −0.18 |
| THO Thor Industries Inc. | Reduce -1.5% | 0.87% | −0.15 |
| NDSN Nordson Corp. | Reduce -14.5% | 0.42% | −0.12 |
| ISRG Intuitive Surgical Inc. | Reduce -25.9% | 0.36% | −0.11 |
| HCA HCA Healthcare Inc. | Reduce -14.6% | 1.05% | −0.09 |
| TJX TJX Companies Inc. | Reduce -21.3% | 0.22% | −0.08 |
| TEL Te Connectivity Ltd. | Reduce -6.2% | 0.41% | −0.08 |
| A Agilent Technologies Inc. | Reduce -9.9% | 0.34% | −0.07 |
| ACN Accenture PLC Class A | Reduce -7.2% | 0.24% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 0.75% | −0.06 |
| ANSS Ansys Inc. | Reduce -29.8% | 0.08% | −0.05 |
| TT Trane Technologies PLC | Reduce -15.0% | 0.51% | −0.05 |
| NKE Nike Inc. Class B | Reduce -0.5% | 0.13% | −0.04 |
| SYK Stryker Corp. | Reduce -15.0% | 0.32% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -19.6% | 0.09% | −0.03 |
| TFC Truist Financial Corp. | Reduce -15.1% | 0.12% | −0.03 |
| ZTS Zoetis Inc. | Reduce -2.4% | 0.08% | −0.03 |
| PFE Pfizer Inc. | Reduce -0.1% | 0.16% | −0.03 |
| CVX Chevron Corp. | Reduce -0.8% | 0.32% | −0.03 |
| AMT American Tower Corp. | Reduce -0.0% | 0.11% | −0.03 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Reduce -0.5% | 0.15% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -50.0% | 0.02% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.22% | −0.02 |
| HON Honeywell International Inc. | Reduce -2.2% | 0.12% | −0.02 |
| UPS United Parcel Service Class B | Reduce -0.2% | 0.11% | −0.02 |
| FERG Ferguson Jersey Ltd. | Reduce -1.1% | 0.89% | −0.02 |
| IQV Iqvia Holdings Inc. | Reduce -1.5% | 0.33% | −0.02 |
| SBUX Starbucks Corp. | Reduce -0.9% | 0.10% | −0.02 |
| WMB Williams Cos Inc. | Reduce -90.2% | 0.00% | −0.02 |
| MMM 3M Co. | Reduce -0.1% | 0.05% | −0.02 |
| ADI Analog Devices Inc. | Reduce -0.8% | 0.12% | −0.02 |
| BMO Bank of Montreal | Reduce -73.0% | 0.01% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -4.6% | 0.10% | −0.02 |
| MS Morgan Stanley | Reduce -0.2% | 0.14% | −0.02 |
| D Dominion Energy Inc. | Reduce -49.3% | 0.02% | −0.02 |
| NEM Newmont Corp. | Reduce -0.0% | 0.05% | −0.02 |
| CVS CVS Health Corp. | Reduce -2.0% | 0.10% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -0.7% | 0.37% | −0.01 |
| BX Blackstone Inc. | Reduce -0.9% | 0.10% | −0.01 |
| PEG Public Service Enterprise GP | Reduce -21.7% | 0.04% | −0.01 |
| KB KB Financial Group Inc.-ADR | Reduce -18.6% | 0.12% | −0.01 |
| WAB Wabtec Corp. | Reduce -2.8% | 0.51% | −0.01 |
| PFG Principal Financial Group | Reduce -34.3% | 0.02% | −0.01 |
| DTE DTE Energy Company | Reduce -94.9% | 0.00% | −0.01 |
| RSG Republic Services Inc. | Reduce -24.0% | 0.04% | −0.01 |
| TMUS T-Mobile US Inc. | Reduce -3.3% | 0.08% | −0.01 |
| BIIB Biogen Inc. | Reduce -0.7% | 0.03% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| DG Dollar General Corp. | Add +1702.8% | 0.85% | +0.80 |
| AVGO Broadcom Inc. | Add +96.5% | 1.26% | +0.64 |
| FLUT Flutter Entertainment PLC-Di | New | 0.39% | +0.39 |
| META Meta Platforms Inc. Class A | Add +4.5% | 1.63% | +0.33 |
| AMZN Amazon.com Inc. | Add +1.3% | 3.97% | +0.18 |
| CNM Core & Main Inc. Class A | Add +59.8% | 0.35% | +0.17 |
| KNSL Kinsale Capital Group Inc. | Add +5.1% | 0.51% | +0.15 |
| STLD Steel Dynamics Inc. | Add +1.6% | 1.36% | +0.14 |
| AMAT Applied Materials Inc. | Add +7.9% | 0.59% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +5.5% | 1.17% | +0.09 |
| FIX Comfort Systems USA Inc. | Add +30.4% | 0.17% | +0.07 |
| LIN Linde PLC | Add +14.5% | 0.56% | +0.06 |
| DAL Delta Air Lines Inc. | Add +4.5% | 0.81% | +0.06 |
| SWAV Shockwave Medical Inc. | New | 0.06% | +0.06 |
| ABBV Abbvie Inc. | Add +6.9% | 0.67% | +0.06 |
| PCAR Paccar Inc. | Add +9.4% | 0.33% | +0.06 |
| TSN Tyson Foods Inc. Class A | Add +16.2% | 0.57% | +0.06 |
| DUK Duke Energy Corp. | Add +156.8% | 0.09% | +0.05 |
| MU Micron Technology Inc. | Add +4.0% | 0.24% | +0.05 |
| SLVM Sylvamo Corp. | Add +7.2% | 0.30% | +0.04 |
| COIN Coinbase Global Inc. Class A | New | 0.04% | +0.04 |
| MTD Mettler-Toledo International | Add +62.3% | 0.12% | +0.04 |
| SAIA Saia Inc. | Add +6.7% | 0.22% | +0.04 |
| MSFT Microsoft Corp. | Add +3.1% | 7.81% | +0.04 |
| NFLX Netflix Inc. | Add +1.2% | 0.43% | +0.04 |
| VLO Valero Energy Corp. | Add +5.1% | 0.22% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +7.4% | 3.14% | +0.04 |
| FDS Factset Research Systems Inc. | Add +49.8% | 0.16% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 1.03% | +0.03 |
| GM General Motors Co. | Add +3.6% | 0.21% | +0.03 |
| BRO Brown & Brown Inc. | Add +5.3% | 0.22% | +0.03 |
| HOLX Hologic Inc. | Add +64.6% | 0.07% | +0.02 |
| AMD Advanced Micro Devices | Add +1.9% | 0.31% | +0.02 |
| TDG Transdigm Group Inc. | Add +29.3% | 0.08% | +0.02 |
| CPRT Copart Inc. | Add +5.7% | 0.26% | +0.02 |
| KVUE Kenvue Inc. | Add +36.0% | 0.14% | +0.02 |
| ETN Eaton Corp. PLC | Add +2.6% | 0.15% | +0.02 |
| ARES Ares Management Corp. Class A | Add +126.8% | 0.04% | +0.02 |
| SMCI Super Micro Computer Inc. | New | 0.02% | +0.02 |
| ACGL Arch Capital Group Ltd. | Add +42.7% | 0.06% | +0.02 |
| IBP Installed Building Products | Add +8.8% | 0.08% | +0.02 |
| AXON Axon Enterprise Inc. | New | 0.02% | +0.02 |
| CRH CRH PLC | Add +9.1% | 0.12% | +0.02 |
| PRI Primerica Inc. | Add +7.8% | 0.14% | +0.02 |
| IDXX Idexx Laboratories Inc. | Add +33.6% | 0.15% | +0.02 |
| UBER Uber Technologies Inc. | Add +3.9% | 0.15% | +0.02 |
| OXY Occidental Petroleum Corp. | Add +17.4% | 0.16% | +0.02 |
| SLF Sun Life Financial Inc. | Add +1539.1% | 0.02% | +0.02 |
| CB Chubb Ltd. | Add +13.8% | 0.13% | +0.02 |
| SU Suncor Energy Inc. | Add +3.9% | 0.38% | +0.02 |
Notes & Other Activity Q4 2023 → Q1 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -28.8% | 16,587 | $715K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 678 | $54.3B | NVDA, AAPL, GOOGL, MSFT, AMZN |
| Q1 2026 | 688 | $47.7B | NVDA, AAPL, MSFT, AZN, GOOGL |
| Q4 2025 | 702 | $47.5B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q3 2025 | 688 | $46.5B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q2 2025 | 715 | $43.8B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2025 | 743 | $42.2B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q4 2024 | 631 | $41.0B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q3 2024 | 634 | $40.6B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q2 2024 | 665 | $39.2B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 667 | $40.1B | MSFT, AAPL, NVDA, AMZN, GOOGL |