Royal London Asset Management Ltd.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Royal London Asset Management Ltd. reported 634 stock positions worth $40.6 billion. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Apple (AAPL, 5.7%) and Nvidia (NVDA, 5.0%). Compared with Q2 2024, it opened 9 new positions, sold out of 41, added to 408 and reduced 101. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- UNITED KINGDOM, X0
- CIK
- 0000863748
- Portfolio Value
- $40.6B (Q3 2024)
- SEC Filing
- 0001085146-24-005720 ↗ filed Nov 14, 2024
Holdings Value
Holdings 634 stocks · $40.6B
| MSFT Microsoft Corp. | 7.15% | 6,752,082 | $2.9B | Reduce -2.8% |
| AAPL Apple Inc. | 5.67% | 9,887,520 | $2.3B | Add +0.3% |
| NVDA Nvidia Corp. | 5.00% | 16,708,842 | $2.0B | Reduce -1.1% |
| AMZN Amazon.com Inc. | 3.99% | 8,689,708 | $1.6B | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 3.06% | 7,492,698 | $1.2B | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 1.90% | 1,351,266 | $773.5M | Add +3.3% |
| UNH Unitedhealth Group Inc. | 1.90% | 1,321,829 | $772.8M | Reduce -9.5% |
| AVGO Broadcom Inc. | 1.86% | 4,370,089 | $753.8M | Add +10.5% |
| V Visa Inc. Class A | 1.85% | 2,734,866 | $752.0M | Reduce -9.4% |
| LLY Eli Lilly & Co. | 1.58% | 722,369 | $640.0M | Reduce -8.0% |
| MELI MercadoLibre Inc. | 1.20% | 236,654 | $485.6M | Reduce -14.6% |
| TMO Thermo Fisher Scientific Inc. | 1.17% | 770,416 | $476.6M | Reduce -6.8% |
| JPM JPMorgan Chase & Co. | 1.15% | 2,216,813 | $467.4M | Add +2.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.15% | 2,688,017 | $466.8M | Reduce -11.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 950,484 | $437.5M | Add +3.1% |
| PGR Progressive Corp. | 1.05% | 1,680,501 | $426.4M | Reduce -13.8% |
| HCA HCA Healthcare Inc. | 0.93% | 926,547 | $376.6M | Reduce -15.0% |
| GOOG Alphabet Inc. Class C | 0.84% | 2,043,811 | $341.7M | Add +2.9% |
| TSLA Tesla Inc. | 0.84% | 1,304,335 | $341.3M | Add +4.4% |
| STLD Steel Dynamics Inc. | 0.83% | 2,659,954 | $335.4M | Reduce -18.5% |
| TXN Texas Instruments Inc. | 0.74% | 1,460,597 | $301.7M | Reduce -6.7% |
| ADBE Adobe Inc. | 0.73% | 572,674 | $296.5M | Reduce -2.2% |
| FERG Ferguson Enterprises Inc. | 0.70% | 1,422,101 | $282.4M | Reduce -7.2% |
| ABBV Abbvie Inc. | 0.67% | 1,371,288 | $270.8M | Add +0.9% |
| PG The Procter & Gamble Co. | 0.66% | 1,550,549 | $268.6M | Add +4.0% |
| JNJ Johnson & Johnson | 0.65% | 1,626,795 | $263.6M | Add +2.0% |
| LIN Linde PLC | 0.63% | 535,295 | $255.3M | Add +2.5% |
| BKNG Booking Holdings Inc. | 0.63% | 60,526 | $254.9M | Reduce -1.9% |
| HD Home Depot Inc. | 0.62% | 622,189 | $252.1M | Add +1.7% |
| XOM Exxon Mobil Corp. | 0.61% | 2,108,985 | $247.2M | Add +3.9% |
| DAL Delta Air Lines Inc. | 0.60% | 4,829,244 | $245.3M | Reduce -21.8% |
| THO Thor Industries Inc. | 0.59% | 2,175,258 | $239.0M | Reduce -15.1% |
| UBS UBS Group AG-Reg | 0.54% | 7,149,149 | $221.0M | Add +0.6% |
| WAB Wabtec Corp. | 0.54% | 1,212,831 | $220.5M | Reduce -1.8% |
| RS Reliance Inc. | 0.52% | 729,487 | $211.0M | Reduce -17.0% |
| TT Trane Technologies PLC | 0.49% | 515,466 | $200.4M | Reduce -9.9% |
| MA Mastercard Inc. Class A | 0.49% | 405,395 | $200.2M | Add +4.8% |
| ODFL Old Dominion Freight Line | 0.49% | 1,005,614 | $199.8M | Reduce -14.7% |
| NFLX Netflix Inc. | 0.48% | 277,595 | $196.9M | Add +3.8% |
| PEP Pepsico Inc. | 0.46% | 1,100,331 | $187.1M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.46% | 210,172 | $186.3M | Add +2.6% |
| AMAT Applied Materials Inc. | 0.45% | 911,322 | $184.1M | Reduce -0.1% |
| CNI Canadian Natl Railway Co. | 0.45% | 1,570,388 | $184.0M | Reduce -5.1% |
| CSCO Cisco Systems Inc. | 0.45% | 3,439,329 | $183.0M | Add +5.6% |
| BRO Brown & Brown Inc. | 0.44% | 1,717,185 | $177.9M | Reduce -17.0% |
| INTU Intuit Inc. | 0.44% | 286,413 | $177.9M | Reduce -1.3% |
| ISRG Intuitive Surgical Inc. | 0.42% | 348,421 | $171.2M | Reduce -3.3% |
| STE Steris PLC | 0.42% | 702,898 | $170.5M | Reduce -0.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.42% | 363,130 | $168.9M | Reduce -1.8% |
| CNM Core & Main Inc. Class A | 0.41% | 3,761,906 | $167.0M | Add +39.9% |
| TSN Tyson Foods Inc. Class A | 0.41% | 2,802,653 | $166.9M | Reduce -20.1% |
| KNSL Kinsale Capital Group Inc. | 0.39% | 342,109 | $159.3M | Reduce -12.3% |
| WMT Walmart Inc. | 0.38% | 1,935,461 | $156.3M | Add +4.3% |
| TEL Te Connectivity PLC | 0.38% | 1,029,410 | $155.4M | Reduce -6.7% |
| CRM Salesforce Inc. | 0.38% | 564,917 | $154.6M | Add +40.0% |
| MRK Merck & Co. Inc. | 0.35% | 1,257,042 | $142.7M | Add +5.3% |
| HDB HDFC Bank Ltd.-ADR | 0.35% | 2,270,991 | $142.1M | Add +0.5% |
| SLVM Sylvamo Corp. | 0.35% | 1,647,287 | $141.4M | Reduce -2.2% |
| NOW ServiceNow Inc. | 0.35% | 157,789 | $141.1M | Add +85.9% |
| PM Philip Morris International | 0.35% | 1,162,334 | $141.1M | Reduce -5.2% |
| DG Dollar General Corp. | 0.35% | 1,663,144 | $140.7M | Reduce -12.2% |
| KO The Coca-Cola Co. | 0.34% | 1,904,684 | $136.9M | Add +3.4% |
| ADSK Autodesk Inc. | 0.32% | 475,155 | $130.9M | Add +2.1% |
| NDSN Nordson Corp. | 0.32% | 496,519 | $130.4M | Reduce -7.6% |
| CVX Chevron Corp. | 0.31% | 845,084 | $124.5M | Add +5.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 3,060,455 | $121.4M | Add +3.4% |
| ELV Elevance Health Inc. | 0.29% | 229,260 | $119.2M | Add +2.7% |
| SYK Stryker Corp. | 0.29% | 326,752 | $118.0M | Add +2.1% |
| ORCL Oracle Corp. | 0.29% | 689,476 | $117.5M | Add +4.8% |
| AMD Advanced Micro Devices | 0.29% | 710,726 | $116.6M | Add +2.7% |
| BLK BlackRock Finance Inc. | 0.27% | 117,299 | $111.4M | Add +1.9% |
| ACN Accenture PLC Class A | 0.27% | 314,773 | $111.3M | Add +12.1% |
| GS Goldman Sachs Group Inc. | 0.27% | 220,855 | $109.3M | Add +2.3% |
| CME Cme Group Inc. | 0.27% | 492,334 | $108.6M | Add +7.5% |
| SU Suncor Energy Inc. | 0.26% | 2,873,131 | $106.1M | Reduce -21.5% |
| UNP Union Pacific Corp. | 0.26% | 420,251 | $103.6M | Add +3.6% |
| CAT Caterpillar Inc. | 0.25% | 255,485 | $99.9M | Add +11.1% |
| FIX Comfort Systems USA Inc. | 0.25% | 255,501 | $99.7M | Add +20.6% |
| IQV Iqvia Holdings Inc. | 0.24% | 415,116 | $98.4M | Reduce -18.5% |
| LAD Lithia Motors Inc. | 0.24% | 306,880 | $97.5M | Reduce -45.5% |
| MCD McDonald's Corp. | 0.24% | 317,489 | $96.7M | Add +1.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 136 | $94.0M | Add +1.5% |
| DHR Danaher Corp. | 0.23% | 328,667 | $91.4M | Add +4.3% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 476,845 | $89.9M | Add +4.0% |
| CMCSA Comcast Corp. Class A | 0.22% | 2,151,123 | $89.9M | Add +1.7% |
| PCAR Paccar Inc. | 0.22% | 910,237 | $89.8M | Add +1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 399,996 | $88.4M | Add +3.5% |
| WFC Wells Fargo & Co. | 0.21% | 1,533,786 | $86.6M | Add +1.0% |
| ABT Abbott Laboratories | 0.21% | 744,898 | $84.9M | Add +2.7% |
| PLD Prologis Inc. | 0.21% | 672,479 | $84.9M | Add +3.2% |
| VZ Verizon Communications Inc. | 0.21% | 1,856,315 | $83.4M | Add +1.1% |
| SNPS Synopsys Inc. | 0.20% | 164,159 | $83.1M | Add +1.4% |
| T AT&T Inc. | 0.20% | 3,775,587 | $83.1M | Add +7.3% |
| QCOM Qualcomm Inc. | 0.20% | 485,500 | $82.6M | Add +2.7% |
| SPGI S&P Global Inc. | 0.20% | 159,613 | $82.5M | Add +3.3% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 1,548,855 | $80.1M | Add +0.8% |
| MU Micron Technology Inc. | 0.20% | 772,131 | $80.1M | Add +2.2% |
| TMUS T-Mobile US Inc. | 0.19% | 383,372 | $79.1M | Add +2.5% |
| SFM Sprouts Farmers Market Inc. | 0.19% | 698,506 | $77.1M | Add +1.5% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.19% | 279,750 | $76.9M | Reduce -0.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $493K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 16,587 | $493K | No change |
Total filed on the 13F, all lines: $40.6B.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -2.8% | 7.15% | −0.77 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 3.06% | −0.47 |
| NVDA Nvidia Corp. | Reduce -1.1% | 5.00% | −0.33 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 3.99% | −0.31 |
| DG Dollar General Corp. | Reduce -12.2% | 0.35% | −0.29 |
| STLD Steel Dynamics Inc. | Reduce -18.5% | 0.83% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -8.0% | 1.58% | −0.24 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.2% | 1.15% | −0.19 |
| V Visa Inc. Class A | Reduce -9.4% | 1.85% | −0.17 |
| DAL Delta Air Lines Inc. | Reduce -21.8% | 0.60% | −0.14 |
| KB KB Financial Group Inc.-ADR | Sold out | 0.00% | −0.12 |
| LAD Lithia Motors Inc. | Reduce -45.5% | 0.24% | −0.12 |
| RS Reliance Inc. | Reduce -17.0% | 0.52% | −0.12 |
| TSN Tyson Foods Inc. Class A | Reduce -20.1% | 0.41% | −0.10 |
| ADBE Adobe Inc. | Reduce -2.2% | 0.73% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -0.1% | 0.45% | −0.10 |
| SU Suncor Energy Inc. | Reduce -21.5% | 0.26% | −0.09 |
| FERG Ferguson Enterprises Inc. | Reduce -7.2% | 0.70% | −0.06 |
| INTU Intuit Inc. | Reduce -1.3% | 0.44% | −0.05 |
| CNI Canadian Natl Railway Co. | Reduce -5.1% | 0.45% | −0.05 |
| A Agilent Technologies Inc. | Reduce -26.6% | 0.18% | −0.04 |
| TEL Te Connectivity PLC | Reduce -6.7% | 0.38% | −0.04 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -95.6% | 0.00% | −0.04 |
| ODFL Old Dominion Freight Line | Reduce -14.7% | 0.49% | −0.04 |
| ES Eversource Energy | Reduce -40.7% | 0.08% | −0.04 |
| SNOW Snowflake Inc. | Reduce -34.1% | 0.04% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -6.7% | 0.74% | −0.03 |
| BRO Brown & Brown Inc. | Reduce -17.0% | 0.44% | −0.03 |
| IQV Iqvia Holdings Inc. | Reduce -18.5% | 0.24% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.8% | 0.42% | −0.03 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.02 |
| THO Thor Industries Inc. | Reduce -15.1% | 0.59% | −0.02 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.02 |
| SAIA Saia Inc. | Reduce -0.2% | 0.14% | −0.02 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -9.6% | 0.14% | −0.01 |
| FMC FMC Corp. | Sold out | 0.00% | −0.01 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.01 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.01 |
| LEA Lear Corp. | Reduce -11.3% | 0.05% | −0.01 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -75.6% | 0.00% | −0.01 |
| BIIB Biogen Inc. | Reduce -5.7% | 0.03% | −0.01 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −0.01 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.01 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.01 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.01 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.01 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +0.3% | 5.67% | +0.37 |
| AVGO Broadcom Inc. | Add +10.5% | 1.86% | +0.23 |
| META Meta Platforms Inc. Class A | Add +3.3% | 1.90% | +0.22 |
| TSLA Tesla Inc. | Add +4.4% | 0.84% | +0.21 |
| NOW ServiceNow Inc. | Add +85.9% | 0.35% | +0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.1% | 1.08% | +0.12 |
| CRM Salesforce Inc. | Add +40.0% | 0.38% | +0.12 |
| URI United Rentals Inc. | Add +128.1% | 0.17% | +0.11 |
| HD Home Depot Inc. | Add +1.7% | 0.62% | +0.08 |
| FIX Comfort Systems USA Inc. | Add +20.6% | 0.25% | +0.08 |
| CNM Core & Main Inc. Class A | Add +39.9% | 0.41% | +0.08 |
| ABBV Abbvie Inc. | Add +0.9% | 0.67% | +0.07 |
| WMT Walmart Inc. | Add +4.3% | 0.38% | +0.06 |
| MA Mastercard Inc. Class A | Add +4.8% | 0.49% | +0.06 |
| ACN Accenture PLC Class A | Add +12.1% | 0.27% | +0.06 |
| CSCO Cisco Systems Inc. | Add +5.6% | 0.45% | +0.06 |
| JNJ Johnson & Johnson | Add +2.0% | 0.65% | +0.05 |
| ORCL Oracle Corp. | Add +4.8% | 0.29% | +0.05 |
| BX Blackstone Inc. | Add +29.5% | 0.15% | +0.05 |
| CAT Caterpillar Inc. | Add +11.1% | 0.25% | +0.05 |
| IBM Intl Business Machines Corp. | Add +3.5% | 0.22% | +0.05 |
| LIN Linde PLC | Add +2.5% | 0.63% | +0.04 |
| BLK BlackRock Finance Inc. | Add +1.9% | 0.27% | +0.04 |
| SFM Sprouts Farmers Market Inc. | Add +1.5% | 0.19% | +0.04 |
| AMT American Tower Corp. | Add +20.0% | 0.15% | +0.04 |
| CME Cme Group Inc. | Add +7.5% | 0.27% | +0.04 |
| KO The Coca-Cola Co. | Add +3.4% | 0.34% | +0.04 |
| NEE Nextera Energy Inc. | Add +11.7% | 0.17% | +0.04 |
| GE General Electric | Add +4.0% | 0.22% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +0.8% | 0.20% | +0.03 |
| MCD McDonald's Corp. | Add +1.3% | 0.24% | +0.03 |
| PG The Procter & Gamble Co. | Add +4.0% | 0.66% | +0.03 |
| T AT&T Inc. | Add +7.3% | 0.20% | +0.03 |
| PEG Public Service Enterprise GP | Add +22.9% | 0.11% | +0.03 |
| APP AppLovin Corp. Class A | New | 0.03% | +0.03 |
| PYPL PayPal Holdings Inc. | Add +0.2% | 0.14% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 1.15% | +0.03 |
| VRT Vertiv Holdings Co. Class A | New | 0.03% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +45.4% | 0.09% | +0.03 |
| LOW Lowe's Cos Inc. | Add +2.6% | 0.16% | +0.03 |
| ADSK Autodesk Inc. | Add +2.1% | 0.32% | +0.03 |
| NOC Northrop Grumman Corp. | Add +3.9% | 0.16% | +0.03 |
| NKE Nike Inc. Class B | Add +9.3% | 0.14% | +0.03 |
| SPGI S&P Global Inc. | Add +3.3% | 0.20% | +0.03 |
| TMUS T-Mobile US Inc. | Add +2.5% | 0.19% | +0.03 |
| ADP Automatic Data Processing | Add +7.3% | 0.15% | +0.02 |
| DELL Dell Technologies -C | New | 0.02% | +0.02 |
| MSTR Strategy Inc. | New | 0.02% | +0.02 |
| LMT Lockheed Martin Corp. | Add +2.7% | 0.13% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +3.3% | 0.08% | +0.02 |
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 |