Royal London Asset Management Ltd.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Royal London Asset Management Ltd. reported 688 stock positions worth $47.7 billion. Its top holding was Nvidia (NVDA) at 6.6% of the portfolio, followed by Apple (AAPL, 5.3%) and Microsoft (MSFT, 4.4%). Compared with Q4 2025, it opened 15 new positions, sold out of 30, added to 270 and reduced 282. The biggest buy was a new position in Astrazeneca (AZN) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- UNITED KINGDOM, X0
- CIK
- 0000863748
- Portfolio Value
- $47.7B (Q1 2026)
- SEC Filing
- 0000863748-26-000005 ↗ filed May 1, 2026
Holdings Value
Holdings 688 stocks · $47.7B
| NVDA Nvidia Corp. | 6.56% | 17,934,981 | $3.1B | Add +1.7% |
| AAPL Apple Inc. | 5.31% | 9,979,214 | $2.5B | Add +0.5% |
| MSFT Microsoft Corp. | 4.41% | 5,685,840 | $2.1B | Reduce -4.6% |
| AZN Astrazeneca PLC | 4.26% | 10,299,563 | $2.0B | New |
| GOOGL Alphabet Inc. Class A | 4.23% | 7,013,933 | $2.0B | Reduce -0.2% |
| AMZN Amazon.com Inc. | 3.86% | 8,836,266 | $1.8B | Add +3.5% |
| AVGO Broadcom Inc. | 2.64% | 4,063,473 | $1.3B | Add +4.1% |
| META Meta Platforms Inc. Class A | 1.61% | 1,337,988 | $765.5M | Add +0.6% |
| V Visa Inc. Class A | 1.42% | 2,239,159 | $676.8M | Reduce -5.1% |
| JPM JPMorgan Chase & Co. | 1.37% | 2,219,889 | $653.0M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 1.27% | 656,585 | $603.9M | Reduce -11.3% |
| GOOG Alphabet Inc. Class C | 1.22% | 2,035,277 | $583.8M | Add +2.1% |
| TSLA Tesla Inc. | 1.22% | 1,563,166 | $581.1M | Add +2.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.13% | 1,592,638 | $538.2M | Reduce -16.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 954,605 | $457.4M | Add +1.4% |
| MELI MercadoLibre Inc. | 0.80% | 220,654 | $381.5M | Reduce -3.0% |
| XOM Exxon Mobil Corp. | 0.80% | 2,238,022 | $379.7M | Reduce -0.6% |
| MRK Merck & Co. Inc. | 0.73% | 2,896,154 | $348.4M | Reduce -9.4% |
| MU Micron Technology Inc. | 0.69% | 975,315 | $329.5M | Reduce -12.9% |
| JNJ Johnson & Johnson | 0.62% | 1,202,690 | $294.0M | Add +5.4% |
| ABBV Abbvie Inc. | 0.62% | 1,351,717 | $294.0M | Add +2.8% |
| CNM Core & Main Inc. Class A | 0.60% | 5,752,701 | $284.2M | Add +1.1% |
| NFLX Netflix Inc. | 0.58% | 2,893,153 | $278.2M | Add +0.8% |
| LIN Linde PLC | 0.58% | 559,373 | $277.3M | Reduce -8.0% |
| HCA HCA Healthcare Inc. | 0.57% | 577,119 | $273.1M | Reduce -20.8% |
| WMT Walmart Inc. | 0.56% | 2,137,818 | $265.7M | Add +1.4% |
| HD Home Depot Inc. | 0.56% | 805,946 | $265.1M | Add +1.0% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 508,538 | $250.0M | Reduce -6.0% |
| WAB Wabtec Corp. | 0.52% | 992,449 | $248.0M | Reduce -13.0% |
| CSCO Cisco Systems Inc. | 0.51% | 3,137,547 | $243.4M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.51% | 1,677,217 | $242.3M | Add +5.9% |
| COST Costco Wholesale Corp. | 0.49% | 234,997 | $234.2M | Add +2.9% |
| PEP Pepsico Inc. | 0.45% | 1,393,887 | $216.5M | Add +1.8% |
| GS Goldman Sachs Group Inc. | 0.45% | 254,681 | $215.5M | Add +0.0% |
| AMD Advanced Micro Devices | 0.44% | 1,032,605 | $210.1M | Add +33.2% |
| MA Mastercard Inc. Class A | 0.44% | 419,863 | $209.8M | Add +0.9% |
| CVX Chevron Corp. | 0.44% | 1,005,583 | $208.1M | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 0.43% | 755,589 | $204.5M | Add +0.7% |
| INTC Intel Corp. | 0.43% | 4,598,507 | $202.9M | Add +0.3% |
| PM Philip Morris International | 0.42% | 1,214,925 | $200.9M | Add +0.6% |
| STLD Steel Dynamics Inc. | 0.41% | 1,099,375 | $197.9M | Reduce -28.0% |
| TTE Totalenergies SE | 0.41% | 2,140,953 | $194.8M | Add +0.3% |
| ISRG Intuitive Surgical Inc. | 0.41% | 420,836 | $194.0M | Add +5.2% |
| VRT Vertiv Holdings Co. Class A | 0.40% | 761,668 | $190.9M | Reduce -16.4% |
| FIX Comfort Systems USA Inc. | 0.40% | 138,256 | $190.7M | Reduce -29.0% |
| NXT Nextpower Inc. | 0.39% | 1,558,511 | $187.9M | New |
| TXN Texas Instruments Inc. | 0.39% | 966,987 | $187.7M | Reduce -12.0% |
| RPRX Royalty Pharma PLC Class A | 0.38% | 3,808,353 | $182.7M | Add +2019.5% |
| KMI Kinder Morgan Inc. | 0.38% | 5,370,393 | $180.1M | Reduce -0.8% |
| CAT Caterpillar Inc. | 0.37% | 248,917 | $176.3M | Reduce -1.3% |
| CB Chubb Ltd. | 0.37% | 534,858 | $174.3M | Add +156.4% |
| BLD Topbuild Corp. | 0.36% | 496,774 | $173.2M | Add +6.5% |
| ADI Analog Devices Inc. | 0.36% | 538,182 | $171.2M | Reduce -0.6% |
| INTU Intuit Inc. | 0.36% | 394,416 | $170.5M | Add +16.7% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.35% | 2,528,983 | $164.6M | New |
| AMAT Applied Materials Inc. | 0.34% | 478,933 | $163.7M | Reduce -11.3% |
| FERG Ferguson Enterprises Inc. | 0.34% | 698,932 | $163.0M | Reduce -0.8% |
| ORCL Oracle Corp. | 0.34% | 1,106,805 | $162.8M | Add +1.4% |
| CME Cme Group Inc. | 0.34% | 549,846 | $162.4M | Add +0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 1,078,765 | $157.8M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 3,229,664 | $157.4M | Reduce -0.2% |
| PGR Progressive Corp. | 0.32% | 779,721 | $154.6M | Reduce -29.9% |
| KO The Coca-Cola Co. | 0.32% | 2,020,158 | $153.6M | Add +1.4% |
| GEV GE Vernova Inc. | 0.32% | 174,092 | $152.0M | Reduce -0.7% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.32% | 2,284,583 | $151.4M | Reduce -18.1% |
| HUBB Hubbell Inc. | 0.31% | 302,591 | $148.5M | Add +273.3% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 519,437 | $147.4M | Add +3.3% |
| LRCX Lam Research Corp. | 0.30% | 673,896 | $144.0M | Reduce -2.1% |
| QCOM Qualcomm Inc. | 0.30% | 1,115,311 | $143.6M | Add +6.4% |
| AGCO Agco Corp. | 0.29% | 1,194,008 | $138.3M | Reduce -11.1% |
| UBS UBS Group AG-Reg | 0.29% | 3,515,878 | $137.4M | Reduce -0.5% |
| BKNG Booking Holdings Inc. | 0.27% | 750,200 | $126.3M | Add +1684.2% |
| RACE Ferrari NV | 0.26% | 372,918 | $126.2M | Add +12.2% |
| SCHW Schwab (charles) Corp. | 0.26% | 1,333,901 | $125.4M | Add +0.1% |
| APG Api Group Corp. | 0.26% | 3,071,924 | $124.5M | Add +17.5% |
| STE Steris PLC | 0.26% | 556,926 | $123.2M | Add +10.8% |
| WFC Wells Fargo & Co. | 0.26% | 1,530,660 | $121.9M | Reduce -0.6% |
| RTX RTX Corp. | 0.25% | 628,682 | $121.3M | Add +3.0% |
| BLK BlackRock Inc. | 0.25% | 124,173 | $119.4M | Add +0.9% |
| UNP Union Pacific Corp. | 0.25% | 488,790 | $118.6M | Reduce -2.4% |
| SNPS Synopsys Inc. | 0.25% | 299,015 | $118.6M | Reduce -9.2% |
| VZ Verizon Communications Inc. | 0.25% | 2,356,543 | $118.3M | Add +21.7% |
| LMT Lockheed Martin Corp. | 0.25% | 193,715 | $117.1M | Add +116.7% |
| PH Parker Hannifin Corp. | 0.24% | 128,127 | $114.7M | Add +17.4% |
| VLO Valero Energy Corp. | 0.24% | 459,012 | $113.4M | Reduce -0.9% |
| AME Ametek Inc. | 0.24% | 528,403 | $113.3M | Reduce -1.8% |
| SYK Stryker Corp. | 0.24% | 344,150 | $113.1M | Add +0.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.24% | 252,192 | $112.6M | Reduce -7.8% |
| T AT&T Inc. | 0.23% | 3,812,352 | $110.5M | Reduce -0.6% |
| EQT Eqt Corp. | 0.23% | 1,722,422 | $109.6M | Add +556.9% |
| KLAC KLA Corp. | 0.23% | 73,262 | $107.9M | Reduce -0.6% |
| MS Morgan Stanley | 0.23% | 652,909 | $107.4M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 440,018 | $106.7M | Add +0.4% |
| SPGI S&P Global Inc. | 0.22% | 250,598 | $106.6M | Add +42.9% |
| GM General Motors Co. | 0.22% | 1,420,813 | $105.9M | Reduce -2.2% |
| MCD McDonald's Corp. | 0.22% | 334,940 | $104.1M | Add +2.0% |
| HALO Halozyme Therapeutics Inc. | 0.22% | 1,610,553 | $104.1M | Add +17.4% |
| ADSK Autodesk Inc. | 0.22% | 434,649 | $104.1M | Reduce -18.3% |
| PCAR Paccar Inc. | 0.22% | 900,018 | $104.0M | Reduce -1.4% |
| PLD Prologis Inc. | 0.22% | 783,184 | $103.5M | Add +1.3% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -4.6% | 4.41% | −1.65 |
| LLY Eli Lilly & Co. | Reduce -11.3% | 1.27% | −0.41 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 4.23% | −0.40 |
| V Visa Inc. Class A | Reduce -5.1% | 1.42% | −0.32 |
| HDB HDFC Bank Ltd.-ADR | Reduce -43.5% | 0.14% | −0.22 |
| PGR Progressive Corp. | Reduce -29.9% | 0.32% | −0.18 |
| MELI MercadoLibre Inc. | Reduce -3.0% | 0.80% | −0.16 |
| CRM Salesforce Inc. | Reduce -43.8% | 0.09% | −0.15 |
| HCA HCA Healthcare Inc. | Reduce -20.8% | 0.57% | −0.14 |
| JPM JPMorgan Chase & Co. | Reduce -0.4% | 1.37% | −0.14 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.0% | 0.52% | −0.14 |
| AEM Agnico Eagle Mines Ltd. | Reduce -61.4% | 0.11% | −0.13 |
| STLD Steel Dynamics Inc. | Reduce -28.0% | 0.41% | −0.13 |
| ELS Equity Lifestyle Properties | Reduce -58.2% | 0.09% | −0.12 |
| KNSL Kinsale Capital Group Inc. | Reduce -61.5% | 0.06% | −0.12 |
| ADSK Autodesk Inc. | Reduce -18.3% | 0.22% | −0.11 |
| AIT Applied Industrial Tech Inc. | Reduce -59.1% | 0.08% | −0.11 |
| SLM SLM Corp. | Reduce -46.6% | 0.07% | −0.10 |
| WRB WR Berkley Corp. | Reduce -18.1% | 0.32% | −0.09 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.3% | 1.13% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -2.4% | 0.33% | −0.08 |
| SNPS Synopsys Inc. | Reduce -9.2% | 0.25% | −0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -43.4% | 0.06% | −0.07 |
| ADBE Adobe Inc. | Reduce -8.3% | 0.12% | −0.07 |
| CPRT Copart Inc. | Reduce -59.3% | 0.03% | −0.06 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -15.0% | 0.15% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Reduce -57.1% | 0.04% | −0.06 |
| UBS UBS Group AG-Reg | Reduce -0.5% | 0.29% | −0.06 |
| KVUE Kenvue Inc. | Reduce -61.7% | 0.03% | −0.05 |
| RS Reliance Inc. | Reduce -92.5% | 0.00% | −0.05 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -1.1% | 0.09% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -0.6% | 0.26% | −0.05 |
| COF Capital One Financial Corp. | Reduce -0.3% | 0.14% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -34.0% | 0.05% | −0.05 |
| ANET Arista Networks Inc. | Reduce -22.3% | 0.12% | −0.04 |
| BAC Bank of America Corp. | Reduce -0.2% | 0.33% | −0.04 |
| LAD Lithia Motors Inc. | Reduce -0.8% | 0.12% | −0.04 |
| CNQ Canadian Natural Resources | Reduce -75.4% | 0.02% | −0.04 |
| BX Blackstone Inc. | Reduce -71.7% | 0.01% | −0.04 |
| AXP American Express Co. | Reduce -1.2% | 0.16% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -0.3% | 0.06% | −0.04 |
| REXR Rexford Industrial Realty Inc. | Reduce -2.2% | 0.17% | −0.04 |
| DIS The Walt Disney Co. | Reduce -1.1% | 0.17% | −0.03 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -6.9% | 0.08% | −0.03 |
| FDS Factset Research Systems Inc. | Reduce -3.4% | 0.07% | −0.03 |
| GM General Motors Co. | Reduce -2.2% | 0.22% | −0.03 |
| URI United Rentals Inc. | Reduce -2.4% | 0.19% | −0.03 |
| TSN Tyson Foods Inc. Class A | Reduce -33.1% | 0.07% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| AZN Astrazeneca PLC | New | 4.26% | +4.26 |
| NXT Nextpower Inc. | New | 0.39% | +0.39 |
| RPRX Royalty Pharma PLC Class A | Add +2019.5% | 0.38% | +0.37 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.35% | +0.35 |
| HUBB Hubbell Inc. | Add +273.3% | 0.31% | +0.24 |
| CB Chubb Ltd. | Add +156.4% | 0.37% | +0.23 |
| EQT Eqt Corp. | Add +556.9% | 0.23% | +0.20 |
| SBS Cia Saneamento Basico DE-ADR | New | 0.17% | +0.17 |
| LMT Lockheed Martin Corp. | Add +116.7% | 0.25% | +0.15 |
| BWA Borgwarner Inc. | New | 0.14% | +0.14 |
| JNJ Johnson & Johnson | Add +5.4% | 0.62% | +0.12 |
| TTE Totalenergies SE | Add +0.3% | 0.41% | +0.11 |
| CIEN Ciena Corp. | Add +3565.8% | 0.11% | +0.11 |
| AMD Advanced Micro Devices | Add +33.2% | 0.44% | +0.09 |
| MCK McKesson Corp. | Add +73.5% | 0.20% | +0.09 |
| WSC Willscot Holdings Corp. | New | 0.09% | +0.09 |
| LITE Lumentum Holdings Inc. | New | 0.08% | +0.08 |
| VZ Verizon Communications Inc. | Add +21.7% | 0.25% | +0.08 |
| COST Costco Wholesale Corp. | Add +2.9% | 0.49% | +0.08 |
| SNDK Sandisk Corp. | New | 0.07% | +0.07 |
| INTC Intel Corp. | Add +0.3% | 0.43% | +0.07 |
| WPM Wheaton Precious Metals Corp. | Add +48.5% | 0.17% | +0.07 |
| WMT Walmart Inc. | Add +1.4% | 0.56% | +0.06 |
| WDC Western Digital Corp. | Add +27.9% | 0.12% | +0.06 |
| CPAY Corpay Inc. | Add +86.4% | 0.13% | +0.06 |
| QXO Qxo Inc. | New | 0.06% | +0.06 |
| APG Api Group Corp. | Add +17.5% | 0.26% | +0.05 |
| CACI Caci International Inc. Class A | Add +99.8% | 0.10% | +0.05 |
| CTVA Corteva Inc. | Add +57.2% | 0.09% | +0.04 |
| PEP Pepsico Inc. | Add +1.8% | 0.45% | +0.04 |
| PH Parker Hannifin Corp. | Add +17.4% | 0.24% | +0.04 |
| ENPH Enphase Energy Inc. | New | 0.03% | +0.03 |
| CCJ Cameco Corp. | Add +753.7% | 0.04% | +0.03 |
| CRWV Coreweave Inc. Class A | Add +3036.3% | 0.03% | +0.03 |
| KKR KKR & Co. Inc. | Add +440.7% | 0.04% | +0.03 |
| SPGI S&P Global Inc. | Add +42.9% | 0.22% | +0.03 |
| PG The Procter & Gamble Co. | Add +5.9% | 0.51% | +0.03 |
| KO The Coca-Cola Co. | Add +1.4% | 0.32% | +0.03 |
| COHR Coherent Corp. | New | 0.03% | +0.03 |
| ECHO Echostar Corp. Class A | Add +1852.2% | 0.03% | +0.03 |
| APP AppLovin Corp. Class A | Add +95.3% | 0.20% | +0.03 |
| CME Cme Group Inc. | Add +0.2% | 0.34% | +0.03 |
| NEE Nextera Energy Inc. | Add +0.9% | 0.18% | +0.03 |
| RKLB Rocket Lab Corp. | Add +967.4% | 0.03% | +0.03 |
| GILD Gilead Sciences Inc. | Add +3.5% | 0.17% | +0.02 |
| HALO Halozyme Therapeutics Inc. | Add +17.4% | 0.22% | +0.02 |
| NET Cloudflare Inc. Class A | Add +30.4% | 0.09% | +0.02 |
| STX Seagate Technology Holdings | Add +0.4% | 0.08% | +0.02 |
| PFE Pfizer Inc. | Add +0.9% | 0.17% | +0.02 |
| SLB SLB Ltd. | Add +1.2% | 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 |