Te Ahumairangi Investment Management Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Te Ahumairangi Investment Management Ltd reported 86 stock positions worth $520.5 million. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Verizon Communications (VZ, 5.9%) and Apple (AAPL, 4.8%). Compared with Q1 2024, it opened 4 new positions, sold out of 2, added to 10 and reduced 72. The biggest buy was a new position in Ulta Beauty (ULTA) and the biggest sale Cardinal Health (CAH, shares −28%).

Most Recent 13F
Q2 2026
Location
WELLINGTON, Q2
CIK
0001832237
Portfolio Value
$520.5M (Q2 2024)
SEC Filing
0001832237-24-000003 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $575.5M Q1 2024 Q2 2024: $520.5M $520.5M Q2 2024 Q3 2024: $564.1M Q3 2024 Q4 2024: $478.5M Q4 2024 Q1 2025: $472.5M Q1 2025 Q2 2025: $558.6M Q2 2025 Q3 2025: $588.5M Q3 2025 Q4 2025: $558.1M Q4 2025 Q1 2026: $597.0M Q1 2026 Q2 2026: $619.9M Q2 2026

Holdings 86 stocks · $520.5M

MSFT Microsoft Corp. 7.22% 84,101 $37.6M Reduce -8.7%
VZ Verizon Communications Inc. 5.93% 748,173 $30.9M Reduce -6.1%
AAPL Apple Inc. 4.82% 119,000 $25.1M Reduce -20.9%
GOOGL Alphabet Inc. Class A 4.04% 115,500 $21.0M Reduce -22.7%
CHKP Check Point Software Tech 2.47% 77,922 $12.9M Reduce -2.5%
EG Everest Group Ltd. 2.33% 31,840 $12.1M Add +3.7%
C Citigroup Inc. 2.32% 189,881 $12.1M Reduce -10.7%
T AT&T Inc. 2.31% 628,998 $12.0M Reduce -7.7%
MRK Merck & Co. Inc. 2.29% 96,277 $11.9M Reduce -8.0%
VRSN Verisign Inc. 2.23% 65,415 $11.6M Add +1.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.97% 11,352 $10.2M Reduce -11.0%
WMT Walmart Inc. 1.85% 142,256 $9.6M Reduce -17.8%
V Visa Inc. Class A 1.77% 35,174 $9.2M Reduce -2.0%
KR Kroger Co. 1.70% 177,647 $8.9M Reduce -6.6%
CSCO Cisco Systems Inc. 1.64% 179,218 $8.5M Add +0.6%
STLA Stellantis NV 1.60% 419,361 $8.3M Add +16.9%
HCA HCA Healthcare Inc. 1.56% 25,345 $8.1M Reduce -15.1%
META Meta Platforms Inc. Class A 1.51% 15,568 $7.8M Reduce -6.8%
PG The Procter & Gamble Co. 1.50% 47,355 $7.8M Reduce -16.3%
CVS CVS Health Corp. 1.40% 123,402 $7.3M Add +5.5%
AVGO Broadcom Inc. 1.38% 4,479 $7.2M Reduce -32.0%
ED Consolidated Edison Inc. 1.33% 77,346 $6.9M Reduce -4.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.32% 39,720 $6.9M Reduce -4.3%
TRV The Travelers Cos Inc. 1.31% 33,437 $6.8M Reduce -1.4%
JNJ Johnson & Johnson 1.30% 46,125 $6.7M Reduce -0.1%
DGX Quest Diagnostics Inc. 1.27% 48,484 $6.6M Reduce -15.1%
DVA Davita Inc. 1.27% 47,637 $6.6M Reduce -17.1%
VRTX Vertex Pharmaceuticals Inc. 1.25% 13,889 $6.5M Reduce -5.7%
CI The Cigna Group 1.20% 18,840 $6.2M Reduce -7.2%
GILD Gilead Sciences Inc. 1.19% 90,353 $6.2M Reduce -1.8%
BMY Bristol-Myers Squibb Co. 1.17% 146,057 $6.1M Reduce -2.6%
NEM Newmont Corp. 1.14% 142,168 $6.0M Reduce -29.4%
UNH Unitedhealth Group Inc. 1.14% 11,646 $5.9M Reduce -15.4%
ACI Albertsons Cos Inc. Class A 1.13% 296,804 $5.9M Reduce -4.4%
MCK McKesson Corp. 1.10% 9,839 $5.7M Reduce -11.5%
PFE Pfizer Inc. 1.08% 201,623 $5.6M Reduce -5.8%
KHC The Kraft Heinz Co. 1.08% 173,840 $5.6M Add +0.5%
HPQ HP Inc. 1.05% 156,058 $5.5M Reduce -19.5%
ORCL Oracle Corp. 0.98% 36,198 $5.1M Reduce -17.4%
PSA Public Storage 0.97% 17,552 $5.0M Reduce -4.7%
GIS General Mills Inc. 0.95% 78,413 $5.0M Add +4.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.93% 44,291 $4.8M Reduce -0.7%
LH Laboratory CRP of Amer Hldgs 0.92% 23,473 $4.8M Reduce -2.7%
SKX Skechers USA Inc. Class A 0.91% 68,675 $4.7M Reduce -14.4%
QCOM Qualcomm Inc. 0.89% 23,338 $4.6M Reduce -32.4%
WPC WP Carey Inc. 0.88% 83,181 $4.6M Reduce -0.9%
GM General Motors Co. 0.84% 94,508 $4.4M Reduce -17.5%
CL Colgate-Palmolive Co. 0.80% 42,897 $4.2M Reduce -4.9%
AEM Agnico Eagle Mines Ltd. 0.78% 62,414 $4.1M Reduce -30.0%
ELV Elevance Health Inc. 0.78% 7,525 $4.1M Reduce -4.7%
MDT Medtronic PLC 0.76% 50,271 $4.0M Reduce -7.0%
ABBV Abbvie Inc. 0.73% 22,152 $3.8M Reduce -1.7%
CAH Cardinal Health Inc. 0.72% 38,246 $3.8M Reduce -27.8%
RY Royal Bank of Canada 0.72% 35,040 $3.7M Reduce -8.8%
ARW Arrow Electronics Inc. 0.71% 30,447 $3.7M Reduce -10.6%
WPM Wheaton Precious Metals Corp. 0.67% 66,724 $3.5M Reduce -19.3%
CVX Chevron Corp. 0.64% 21,269 $3.3M Reduce -2.5%
AZO AutoZone Inc. 0.59% 1,041 $3.1M Reduce -15.9%
TD Toronto-Dominion Bank 0.59% 55,581 $3.1M Reduce -1.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.55% 28,943 $2.9M Add +38.0%
EXC Exelon Corp. 0.55% 83,000 $2.9M Reduce -7.2%
AMZN Amazon.com Inc. 0.55% 14,807 $2.9M Reduce -1.4%
PEP Pepsico Inc. 0.51% 16,074 $2.7M Reduce -10.0%
SBRA Sabra Health Care REIT Inc. 0.49% 165,420 $2.5M Reduce -13.1%
XOM Exxon Mobil Corp. 0.48% 21,929 $2.5M Reduce -10.2%
GOOG Alphabet Inc. Class C 0.47% 13,418 $2.5M Reduce -15.1%
KGC Kinross Gold Corp. 0.45% 280,800 $2.3M Reduce -33.5%
DUK Duke Energy Corp. 0.43% 22,099 $2.2M Reduce -5.3%
ADBE Adobe Inc. 0.42% 3,945 $2.2M Reduce -8.5%
ACN Accenture PLC Class A 0.42% 7,174 $2.2M Reduce -20.9%
MRSH Marsh & McLennan Cos 0.41% 10,139 $2.1M Reduce -5.8%
UPS United Parcel Service Class B 0.40% 15,356 $2.1M Add +18.7%
ULTA Ulta Beauty Inc. 0.39% 5,262 $2.0M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.38% 41,137 $2.0M Reduce -13.6%
ROIV Roivant Sciences Ltd. 0.34% 168,145 $1.8M Reduce -11.8%
INTC Intel Corp. 0.30% 50,516 $1.6M Add +10.9%
OGN Organon & Co. 0.28% 69,439 $1.4M Reduce -46.5%
RIO Rio Tinto PLC-Spon ADR 0.22% 17,472 $1.2M Reduce -28.9%
GDDY GoDaddy Inc. Class A 0.22% 8,038 $1.1M New
SMFG Sumitomo Mitsui-Spons ADR 0.20% 79,477 $1.1M Reduce -17.9%
WBA Walgreens Boots Alliance Inc. 0.15% 66,599 $806K Reduce -43.6%
NFLX Netflix Inc. 0.11% 850 $574K New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.10% 46,017 $497K Reduce -58.2%
JBL Jabil Inc. 0.09% 4,460 $485K New
MFG Mizuho Financial Group-ADR 0.09% 113,379 $480K Reduce -49.3%
VTRS Viatris Inc. 0.05% 24,864 $264K Reduce -8.5%

Portfolio Sells Q1 2024 → Q2 2024

CAH Cardinal Health Inc. Reduce -27.8% 0.72% −0.31
WBA Walgreens Boots Alliance Inc. Reduce -43.6% 0.15% −0.29
GWW WW Grainger Inc. Reduce -11.0% 1.97% −0.29
BMY Bristol-Myers Squibb Co. Reduce -2.6% 1.17% −0.25
KR Kroger Co. Reduce -6.6% 1.70% −0.18
HCA HCA Healthcare Inc. Reduce -15.1% 1.56% −0.17
OGN Organon & Co. Reduce -46.5% 0.28% −0.15
PANW Palo Alto Networks Inc. Sold out 0.00% −0.14
AEM Agnico Eagle Mines Ltd. Reduce -30.0% 0.78% −0.14
AVGO Broadcom Inc. Reduce -32.0% 1.38% −0.13
ACN Accenture PLC Class A Reduce -20.9% 0.42% −0.13
QCOM Qualcomm Inc. Reduce -32.4% 0.89% −0.12
NEM Newmont Corp. Reduce -29.4% 1.14% −0.11
MRK Merck & Co. Inc. Reduce -8.0% 2.29% −0.11
DVA Davita Inc. Reduce -17.1% 1.27% −0.11
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -58.2% 0.10% −0.10
PG The Procter & Gamble Co. Reduce -16.3% 1.50% −0.09
AZO AutoZone Inc. Reduce -15.9% 0.59% −0.09
CI The Cigna Group Reduce -7.2% 1.20% −0.08
MFG Mizuho Financial Group-ADR Reduce -49.3% 0.09% −0.06
ARW Arrow Electronics Inc. Reduce -10.6% 0.71% −0.06
GM General Motors Co. Reduce -17.5% 0.84% −0.06
MDT Medtronic PLC Reduce -7.0% 0.76% −0.06
IBM Intl Business Machines Corp. Reduce -4.3% 1.32% −0.06
RIO Rio Tinto PLC-Spon ADR Reduce -28.9% 0.22% −0.05
TRV The Travelers Cos Inc. Reduce -1.4% 1.31% −0.05
SJM The JM Smucker Co. Reduce -0.7% 0.93% −0.05
DGX Quest Diagnostics Inc. Reduce -15.1% 1.27% −0.05
CM Can Imperial BK of Commerce Reduce -13.6% 0.38% −0.04
UNH Unitedhealth Group Inc. Reduce -15.4% 1.14% −0.04
PEP Pepsico Inc. Reduce -10.0% 0.51% −0.03
EXC Exelon Corp. Reduce -7.2% 0.55% −0.03
ACI Albertsons Cos Inc. Class A Reduce -4.4% 1.13% −0.03
SO The Southern Co. Sold out 0.00% −0.03
C Citigroup Inc. Reduce -10.7% 2.32% −0.02
XOM Exxon Mobil Corp. Reduce -10.2% 0.48% −0.01
ROIV Roivant Sciences Ltd. Reduce -11.8% 0.34% −0.01
VTRS Viatris Inc. Reduce -8.5% 0.05% −0.01
WPM Wheaton Precious Metals Corp. Reduce -19.3% 0.67% −0.01
TD Toronto-Dominion Bank Reduce -1.4% 0.59% −0.00
KGC Kinross Gold Corp. Reduce -33.5% 0.45% −0.00
SBRA Sabra Health Care REIT Inc. Reduce -13.1% 0.49% +0.00
LH Laboratory CRP of Amer Hldgs Reduce -2.7% 0.92% +0.00
SMFG Sumitomo Mitsui-Spons ADR Reduce -17.9% 0.20% +0.01
ABBV Abbvie Inc. Reduce -1.7% 0.73% +0.02
GILD Gilead Sciences Inc. Reduce -1.8% 1.19% +0.02
MRSH Marsh & McLennan Cos Reduce -5.8% 0.41% +0.03
ORCL Oracle Corp. Reduce -17.4% 0.98% +0.03
JNJ Johnson & Johnson Reduce -0.1% 1.30% +0.03
HPQ HP Inc. Reduce -19.5% 1.05% +0.03

Portfolio Buys Q1 2024 → Q2 2024

ULTA Ulta Beauty Inc. New 0.39% +0.39
GDDY GoDaddy Inc. Class A New 0.22% +0.22
EG Everest Group Ltd. Add +3.7% 2.33% +0.21
VRSN Verisign Inc. Add +1.4% 2.23% +0.11
NFLX Netflix Inc. New 0.11% +0.11
DIS The Walt Disney Co. Add +38.0% 0.55% +0.11
JBL Jabil Inc. New 0.09% +0.09
CSCO Cisco Systems Inc. Add +0.6% 1.64% +0.09
UPS United Parcel Service Class B Add +18.7% 0.40% +0.07
GIS General Mills Inc. Add +4.6% 0.95% +0.04
KHC The Kraft Heinz Co. Add +0.5% 1.08% −0.03
INTC Intel Corp. Add +10.9% 0.30% −0.05
STLA Stellantis NV Add +16.9% 1.60% −0.18
CVS CVS Health Corp. Add +5.5% 1.40% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 86$619.9MMSFT, VZ, AAPL, GOOGL, EG
Q1 2026 86$597.0MMSFT, VZ, AAPL, GOOGL, EG
Q4 2025 84$558.1MMSFT, VZ, GOOGL, AAPL, EG
Q3 2025 84$588.5MMSFT, VZ, AAPL, GOOGL, EG
Q2 2025 87$558.6MMSFT, VZ, AAPL, GOOGL, EG
Q1 2025 84$472.5MMSFT, VZ, AAPL, GOOGL, EG
Q4 2024 81$478.5MMSFT, VZ, AAPL, GOOGL, EG
Q3 2024 83$564.1MMSFT, VZ, AAPL, GOOGL, EG
Q2 2024 86$520.5MMSFT, VZ, AAPL, GOOGL, CHKP
Q1 2024 84$575.5MMSFT, VZ, AAPL, GOOGL, MRK