Royal London Asset Management Ltd.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Royal London Asset Management Ltd. reported 665 stock positions worth $39.2 billion. Its top holding was Microsoft (MSFT) at 7.9% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Apple (AAPL, 5.3%). Compared with Q1 2024, it opened 4 new positions, sold out of 9, added to 301 and reduced 296. The biggest buy was Broadcom (AVGO, shares +4%) and the biggest sale Flutter Entertainment PLC-Di (FLUT, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- UNITED KINGDOM, X0
- CIK
- 0000863748
- Portfolio Value
- $39.2B (Q2 2024)
- SEC Filing
- 0001085146-24-003531 ↗ filed Aug 7, 2024
Holdings Value
Holdings 665 stocks · $39.2B
| MSFT Microsoft Corp. | 7.93% | 6,946,504 | $3.1B | Reduce -6.7% |
| NVDA Nvidia Corp. | 5.33% | 16,888,913 | $2.1B | Reduce -8.4% |
| AAPL Apple Inc. | 5.30% | 9,862,394 | $2.1B | Reduce -5.7% |
| AMZN Amazon.com Inc. | 4.30% | 8,707,622 | $1.7B | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 3.53% | 7,581,585 | $1.4B | Reduce -9.2% |
| V Visa Inc. Class A | 2.02% | 3,020,075 | $792.7M | Reduce -8.0% |
| UNH Unitedhealth Group Inc. | 1.90% | 1,461,084 | $744.1M | Reduce -8.4% |
| LLY Eli Lilly & Co. | 1.82% | 785,350 | $711.0M | Reduce -7.6% |
| META Meta Platforms Inc. Class A | 1.68% | 1,307,605 | $659.3M | Reduce -3.1% |
| AVGO Broadcom Inc. | 1.62% | 395,603 | $635.2M | Add +3.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.34% | 3,026,267 | $526.0M | Reduce -11.6% |
| TMO Thermo Fisher Scientific Inc. | 1.17% | 826,808 | $457.2M | Reduce -5.6% |
| MELI MercadoLibre Inc. | 1.16% | 277,206 | $455.6M | Add +17.0% |
| JPM JPMorgan Chase & Co. | 1.12% | 2,170,490 | $439.0M | Reduce -7.6% |
| STLD Steel Dynamics Inc. | 1.08% | 3,264,282 | $422.7M | Reduce -11.6% |
| PGR Progressive Corp. | 1.03% | 1,950,648 | $405.2M | Reduce -8.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 921,721 | $375.0M | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 0.93% | 1,986,280 | $364.3M | Add +1.2% |
| HCA HCA Healthcare Inc. | 0.89% | 1,089,682 | $350.1M | Reduce -13.5% |
| ADBE Adobe Inc. | 0.83% | 585,726 | $325.4M | Reduce -2.2% |
| TXN Texas Instruments Inc. | 0.78% | 1,565,200 | $304.5M | Reduce -11.3% |
| FERG Ferguson Jersey Ltd. | 0.76% | 1,532,681 | $296.8M | Reduce -6.5% |
| DAL Delta Air Lines Inc. | 0.75% | 6,174,126 | $292.9M | Reduce -8.6% |
| RS Reliance Inc. | 0.64% | 879,321 | $251.1M | Reduce -6.5% |
| DG Dollar General Corp. | 0.64% | 1,895,049 | $250.6M | Reduce -13.0% |
| TSLA Tesla Inc. | 0.63% | 1,249,816 | $247.3M | Add +1.3% |
| PG The Procter & Gamble Co. | 0.63% | 1,491,420 | $246.0M | Reduce -7.2% |
| BKNG Booking Holdings Inc. | 0.62% | 61,731 | $244.5M | Reduce -8.1% |
| THO Thor Industries Inc. | 0.61% | 2,562,101 | $239.4M | Reduce -14.2% |
| XOM Exxon Mobil Corp. | 0.60% | 2,029,475 | $233.6M | Add +16.1% |
| JNJ Johnson & Johnson | 0.60% | 1,595,461 | $233.2M | Reduce -6.0% |
| ABBV Abbvie Inc. | 0.60% | 1,359,040 | $233.1M | Reduce -7.5% |
| LIN Linde PLC | 0.58% | 522,102 | $229.1M | Add +8.7% |
| AMAT Applied Materials Inc. | 0.55% | 911,748 | $215.2M | Reduce -20.9% |
| HD Home Depot Inc. | 0.54% | 611,625 | $210.5M | Reduce -5.5% |
| UBS UBS Group AG-Reg | 0.54% | 7,105,268 | $209.9M | Reduce -7.0% |
| ODFL Old Dominion Freight Line | 0.53% | 1,179,262 | $208.3M | Reduce -6.0% |
| TSN Tyson Foods Inc. Class A | 0.51% | 3,509,202 | $200.5M | Reduce -10.4% |
| CNI Canadian Natl Railway Co. | 0.50% | 1,654,229 | $195.4M | Add +1.0% |
| WAB Wabtec Corp. | 0.50% | 1,234,678 | $195.1M | Reduce -11.4% |
| INTU Intuit Inc. | 0.49% | 290,263 | $190.8M | Reduce -0.3% |
| TT Trane Technologies PLC | 0.48% | 571,898 | $188.1M | Reduce -16.7% |
| BRO Brown & Brown Inc. | 0.47% | 2,068,333 | $184.9M | Add +105.1% |
| NFLX Netflix Inc. | 0.46% | 267,347 | $180.4M | Reduce -5.0% |
| PEP Pepsico Inc. | 0.46% | 1,091,202 | $180.0M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.44% | 204,804 | $174.1M | Add +1.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.44% | 369,750 | $173.3M | Reduce -11.2% |
| MA Mastercard Inc. Class A | 0.44% | 386,840 | $170.7M | Add +1.9% |
| TEL Te Connectivity Ltd. | 0.42% | 1,102,855 | $165.9M | Reduce -3.0% |
| ISRG Intuitive Surgical Inc. | 0.41% | 360,239 | $160.3M | Reduce -0.1% |
| STE Steris PLC | 0.40% | 708,006 | $155.4M | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.40% | 3,256,751 | $154.7M | Reduce -3.6% |
| KNSL Kinsale Capital Group Inc. | 0.38% | 390,289 | $150.4M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.38% | 1,193,981 | $147.8M | Add +4.5% |
| HDB HDFC Bank Ltd.-ADR | 0.37% | 2,260,837 | $145.4M | Reduce -3.2% |
| LAD Lithia Motors Inc. | 0.36% | 562,827 | $142.1M | Reduce -10.8% |
| SU Suncor Energy Inc. | 0.36% | 3,660,945 | $139.5M | Reduce -11.3% |
| CNM Core & Main Inc. Class A | 0.34% | 2,688,455 | $131.6M | Add +11.0% |
| CVX Chevron Corp. | 0.32% | 804,769 | $125.9M | Add +0.1% |
| WMT Walmart Inc. | 0.32% | 1,855,610 | $125.6M | Add +2.6% |
| NDSN Nordson Corp. | 0.32% | 537,278 | $124.6M | Reduce -13.2% |
| PM Philip Morris International | 0.32% | 1,226,145 | $124.2M | Reduce -6.2% |
| ELV Elevance Health Inc. | 0.31% | 223,300 | $121.0M | Reduce -9.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 2,959,339 | $117.7M | Add +2.0% |
| KO The Coca-Cola Co. | 0.30% | 1,842,883 | $117.3M | Add +0.8% |
| SLVM Sylvamo Corp. | 0.29% | 1,683,639 | $115.5M | Reduce -14.0% |
| ADSK Autodesk Inc. | 0.29% | 465,287 | $115.1M | Reduce -0.6% |
| AMD Advanced Micro Devices | 0.29% | 692,104 | $112.3M | Add +1.7% |
| SYK Stryker Corp. | 0.28% | 320,031 | $108.9M | Reduce -10.8% |
| IQV Iqvia Holdings Inc. | 0.28% | 509,383 | $107.7M | Reduce -2.7% |
| CRM Salesforce Inc. | 0.26% | 403,544 | $103.8M | Add +1.5% |
| MU Micron Technology Inc. | 0.25% | 755,733 | $99.4M | Reduce -6.7% |
| GS Goldman Sachs Group Inc. | 0.25% | 215,875 | $97.6M | Reduce -7.8% |
| SNPS Synopsys Inc. | 0.25% | 161,826 | $96.3M | Reduce -11.9% |
| QCOM Qualcomm Inc. | 0.24% | 472,704 | $94.2M | Add +3.9% |
| ORCL Oracle Corp. | 0.24% | 657,586 | $92.9M | Add +3.0% |
| PCAR Paccar Inc. | 0.24% | 898,785 | $92.5M | Reduce -16.5% |
| UNP Union Pacific Corp. | 0.23% | 405,598 | $91.8M | Reduce -3.8% |
| BLK BlackRock Finance Inc. | 0.23% | 115,091 | $90.6M | Reduce -8.0% |
| WFC Wells Fargo & Co. | 0.23% | 1,517,977 | $90.2M | Add +0.5% |
| CME Cme Group Inc. | 0.23% | 457,859 | $90.0M | Reduce -3.0% |
| A Agilent Technologies Inc. | 0.23% | 681,254 | $88.3M | Reduce -27.1% |
| ACN Accenture PLC Class A | 0.22% | 280,729 | $85.2M | Add +1.4% |
| SCHW Schwab (charles) Corp. | 0.21% | 1,132,444 | $83.4M | Reduce -7.0% |
| CMCSA Comcast Corp. Class A | 0.21% | 2,114,393 | $82.8M | Reduce -4.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 134 | $82.0M | Reduce -0.7% |
| MCD McDonald's Corp. | 0.20% | 313,328 | $79.8M | Reduce -0.7% |
| DHR Danaher Corp. | 0.20% | 315,244 | $78.8M | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.20% | 229,917 | $76.6M | Add +7.2% |
| CPRT Copart Inc. | 0.20% | 1,413,889 | $76.6M | Reduce -22.1% |
| VZ Verizon Communications Inc. | 0.19% | 1,836,416 | $75.7M | Reduce -25.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 760,620 | $75.5M | Add +1.6% |
| ABT Abbott Laboratories | 0.19% | 725,135 | $75.3M | Reduce -4.9% |
| PLD Prologis Inc. | 0.19% | 651,466 | $73.2M | Reduce -0.8% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 458,598 | $72.9M | Add +1.5% |
| AMGN Amgen Inc. | 0.18% | 222,919 | $69.7M | Add +2.5% |
| SPGI S&P Global Inc. | 0.18% | 154,552 | $68.9M | Add +0.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.18% | 282,345 | $68.6M | Reduce -13.6% |
| VLO Valero Energy Corp. | 0.17% | 434,861 | $68.2M | Reduce -17.1% |
| AME Ametek Inc. | 0.17% | 405,447 | $67.6M | Reduce -16.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $683K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 16,587 | $683K | No change |
Total filed on the 13F, all lines: $39.2B.
Portfolio Sells Q1 2024 → Q2 2024
| FLUT Flutter Entertainment PLC-Di | Reduce -83.8% | 0.06% | −0.33 |
| STLD Steel Dynamics Inc. | Reduce -11.6% | 1.08% | −0.28 |
| THO Thor Industries Inc. | Reduce -14.2% | 0.61% | −0.26 |
| V Visa Inc. Class A | Reduce -8.0% | 2.02% | −0.26 |
| DG Dollar General Corp. | Reduce -13.0% | 0.64% | −0.21 |
| ODFL Old Dominion Freight Line | Reduce -6.0% | 0.53% | −0.15 |
| HCA HCA Healthcare Inc. | Reduce -13.5% | 0.89% | −0.15 |
| RS Reliance Inc. | Reduce -6.5% | 0.64% | −0.14 |
| FERG Ferguson Jersey Ltd. | Reduce -6.5% | 0.76% | −0.13 |
| A Agilent Technologies Inc. | Reduce -27.1% | 0.23% | −0.11 |
| LAD Lithia Motors Inc. | Reduce -10.8% | 0.36% | −0.11 |
| NDSN Nordson Corp. | Reduce -13.2% | 0.32% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.6% | 1.17% | −0.10 |
| PCAR Paccar Inc. | Reduce -16.5% | 0.24% | −0.10 |
| HD Home Depot Inc. | Reduce -5.5% | 0.54% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.5% | 0.96% | −0.08 |
| JNJ Johnson & Johnson | Reduce -6.0% | 0.60% | −0.07 |
| ABBV Abbvie Inc. | Reduce -7.5% | 0.60% | −0.07 |
| EXPD Expeditors Intl Wash Inc. | Reduce -34.8% | 0.15% | −0.07 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.8% | 0.16% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -8.4% | 1.90% | −0.07 |
| CPRT Copart Inc. | Reduce -22.1% | 0.20% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -25.9% | 0.19% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -26.4% | 0.16% | −0.07 |
| SAIA Saia Inc. | Reduce -14.4% | 0.16% | −0.06 |
| TSN Tyson Foods Inc. Class A | Reduce -10.4% | 0.51% | −0.06 |
| PGR Progressive Corp. | Reduce -8.2% | 1.03% | −0.06 |
| TJX TJX Companies Inc. | Reduce -35.2% | 0.16% | −0.06 |
| SWAV Shockwave Medical Inc. | Sold out | 0.00% | −0.06 |
| DAL Delta Air Lines Inc. | Reduce -8.6% | 0.75% | −0.06 |
| IQV Iqvia Holdings Inc. | Reduce -2.7% | 0.28% | −0.06 |
| INTC Intel Corp. | Reduce -0.4% | 0.14% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -7.6% | 1.12% | −0.05 |
| CDW CDW Corp. | Reduce -14.8% | 0.16% | −0.05 |
| UBS UBS Group AG-Reg | Reduce -7.0% | 0.54% | −0.05 |
| VLO Valero Energy Corp. | Reduce -17.1% | 0.17% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -22.5% | 0.13% | −0.05 |
| AME Ametek Inc. | Reduce -16.0% | 0.17% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -20.9% | 0.55% | −0.04 |
| SYK Stryker Corp. | Reduce -10.8% | 0.28% | −0.04 |
| PRI Primerica Inc. | Reduce -26.5% | 0.10% | −0.04 |
| BLD Topbuild Corp. | Reduce -21.3% | 0.10% | −0.04 |
| KHC The Kraft Heinz Co. | Reduce -11.6% | 0.15% | −0.04 |
| GM General Motors Co. | Reduce -22.4% | 0.17% | −0.04 |
| TD Toronto-Dominion Bank | Reduce -34.7% | 0.06% | −0.04 |
| TKR Timken Co. | Reduce -29.2% | 0.07% | −0.04 |
| CRH CRH PLC | Reduce -21.2% | 0.09% | −0.04 |
| KVUE Kenvue Inc. | Reduce -13.7% | 0.10% | −0.03 |
| FDS Factset Research Systems Inc. | Reduce -14.2% | 0.13% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| AVGO Broadcom Inc. | Add +3.7% | 1.62% | +0.36 |
| MELI MercadoLibre Inc. | Add +17.0% | 1.16% | +0.27 |
| BRO Brown & Brown Inc. | Add +105.1% | 0.47% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +1.2% | 0.93% | +0.18 |
| TSLA Tesla Inc. | Add +1.3% | 0.63% | +0.09 |
| XOM Exxon Mobil Corp. | Add +16.1% | 0.60% | +0.09 |
| TMUS T-Mobile US Inc. | Add +83.7% | 0.17% | +0.09 |
| COST Costco Wholesale Corp. | Add +1.9% | 0.44% | +0.08 |
| LEA Lear Corp. | Add +757.1% | 0.06% | +0.05 |
| WMT Walmart Inc. | Add +2.6% | 0.32% | +0.05 |
| QCOM Qualcomm Inc. | Add +3.9% | 0.24% | +0.05 |
| TAP Molson Coors Beverage Co. Class B | Add +471.2% | 0.06% | +0.05 |
| BEKE Ke Holdings Inc.-ADR | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | Add +24.4% | 0.13% | +0.04 |
| ORCL Oracle Corp. | Add +3.0% | 0.24% | +0.04 |
| PEG Public Service Enterprise GP | Add +53.5% | 0.07% | +0.03 |
| LIN Linde PLC | Add +8.7% | 0.58% | +0.03 |
| GE General Electric | Add +1.5% | 0.19% | +0.03 |
| HTHT H World Group Ltd.-ADR | New | 0.03% | +0.03 |
| BAC Bank of America Corp. | Add +2.0% | 0.30% | +0.03 |
| KLAC KLA Corp. | Add +0.6% | 0.14% | +0.03 |
| ANET Arista Networks Inc. | Add +1.4% | 0.12% | +0.02 |
| HON Honeywell International Inc. | Add +12.8% | 0.14% | +0.02 |
| AMGN Amgen Inc. | Add +2.5% | 0.18% | +0.02 |
| ADI Analog Devices Inc. | Add +0.8% | 0.14% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +1.1% | 0.12% | +0.02 |
| KO The Coca-Cola Co. | Add +0.8% | 0.30% | +0.02 |
| T AT&T Inc. | Add +1.5% | 0.17% | +0.02 |
| CDNS Cadence Design SYS Inc. | Add +19.8% | 0.11% | +0.02 |
| LRCX Lam Research Corp. | Add +0.0% | 0.17% | +0.02 |
| HIG Hartford Insurance Group Inc. | Add +58.0% | 0.05% | +0.02 |
| INFY Infosys Ltd.-SP ADR | Add +27.2% | 0.07% | +0.02 |
| INCY Incyte Corp. | Add +152.2% | 0.03% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.1% | 0.08% | +0.02 |
| MO Altria Group Inc. | Add +23.1% | 0.07% | +0.02 |
| BSX Boston Scientific Corp. | Add +0.3% | 0.12% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +3.6% | 0.11% | +0.02 |
| CCL Carnival Corp. | Add +83.8% | 0.03% | +0.01 |
| FANG Diamondback Energy Inc. | Add +30.3% | 0.05% | +0.01 |
| FTNT Fortinet Inc. | Add +46.0% | 0.06% | +0.01 |
| IMO Imperial Oil Ltd. | Add +710.5% | 0.02% | +0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +35.6% | 0.04% | +0.01 |
| WMB Williams Cos Inc. | Add +557.1% | 0.02% | +0.01 |
| EG Everest Group Ltd. | Add +66.6% | 0.03% | +0.01 |
| NOW ServiceNow Inc. | Add +2.0% | 0.17% | +0.01 |
| LYV Live Nation Entertainment Inc. | Add +85.3% | 0.03% | +0.01 |
| SPGI S&P Global Inc. | Add +0.0% | 0.18% | +0.01 |
| WFC Wells Fargo & Co. | Add +0.5% | 0.23% | +0.01 |
| WELL Welltower Inc. | Add +8.5% | 0.06% | +0.01 |
| BIIB Biogen Inc. | Add +22.4% | 0.04% | +0.01 |
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 |