Te Ahumairangi Investment Management Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Te Ahumairangi Investment Management Ltd reported 84 stock positions worth $472.5 million. Its top holding was Microsoft (MSFT) at 7.5% of the portfolio, followed by Verizon Communications (VZ, 6.3%) and Apple (AAPL, 4.9%). Compared with Q4 2024, it opened 5 new positions, sold out of 2, added to 27 and reduced 49. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- WELLINGTON, Q2
- CIK
- 0001832237
- Portfolio Value
- $472.5M (Q1 2025)
- SEC Filing
- 0001832237-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 84 stocks · $472.5M
| MSFT Microsoft Corp. | 7.45% | 93,801 | $35.2M | Add +10.1% |
| VZ Verizon Communications Inc. | 6.35% | 661,440 | $30.0M | Reduce -8.9% |
| AAPL Apple Inc. | 4.85% | 103,191 | $22.9M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 3.96% | 120,889 | $18.7M | Add +7.8% |
| EG Everest Group Ltd. | 2.76% | 35,930 | $13.1M | Add +1.0% |
| VRSN Verisign Inc. | 2.61% | 48,526 | $12.3M | Reduce -21.1% |
| CHKP Check Point Software Tech | 2.30% | 47,746 | $10.9M | Reduce -18.0% |
| T AT&T Inc. | 2.29% | 382,950 | $10.8M | Reduce -25.3% |
| V Visa Inc. Class A | 2.02% | 27,281 | $9.6M | Reduce -5.0% |
| C Citigroup Inc. | 2.00% | 132,960 | $9.4M | Reduce -11.4% |
| META Meta Platforms Inc. Class A | 1.95% | 15,987 | $9.2M | Add +5.5% |
| MRK Merck & Co. Inc. | 1.87% | 98,426 | $8.8M | Reduce -7.2% |
| CSCO Cisco Systems Inc. | 1.86% | 142,518 | $8.8M | Add +1.0% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.77% | 8,449 | $8.3M | Add +5.8% |
| KR Kroger Co. | 1.70% | 118,479 | $8.0M | Reduce -14.1% |
| JNJ Johnson & Johnson | 1.62% | 46,199 | $7.7M | Reduce -9.5% |
| PG The Procter & Gamble Co. | 1.56% | 43,297 | $7.4M | Add +4.8% |
| HCA HCA Healthcare Inc. | 1.42% | 19,414 | $6.7M | Reduce -7.1% |
| DGX Quest Diagnostics Inc. | 1.40% | 39,054 | $6.6M | Reduce -9.6% |
| TRV The Travelers Cos Inc. | 1.38% | 24,736 | $6.5M | Reduce -5.8% |
| DVA Davita Inc. | 1.37% | 42,318 | $6.5M | Add +0.3% |
| ED Consolidated Edison Inc. | 1.35% | 57,473 | $6.4M | Reduce -20.9% |
| CI The Cigna Group | 1.26% | 18,028 | $5.9M | Reduce -9.9% |
| STLA Stellantis NV | 1.23% | 525,879 | $5.8M | Add +11.8% |
| WMT Walmart Inc. | 1.20% | 64,345 | $5.6M | Reduce -19.8% |
| AVGO Broadcom Inc. | 1.18% | 33,333 | $5.6M | Add +10.3% |
| GILD Gilead Sciences Inc. | 1.18% | 49,752 | $5.6M | Reduce -12.1% |
| AMZN Amazon.com Inc. | 1.16% | 28,805 | $5.5M | Add +22.5% |
| PFE Pfizer Inc. | 1.15% | 214,396 | $5.4M | Add +7.5% |
| KHC The Kraft Heinz Co. | 1.12% | 173,183 | $5.3M | Reduce -6.3% |
| NEM Newmont Corp. | 1.08% | 105,968 | $5.1M | Reduce -11.8% |
| LH Labcorp Holdings Inc. | 1.07% | 21,737 | $5.1M | Reduce -2.1% |
| ELV Elevance Health Inc. | 1.05% | 11,370 | $4.9M | Reduce -5.4% |
| AEM Agnico Eagle Mines Ltd. | 1.02% | 44,598 | $4.8M | Reduce -25.0% |
| WPC WP Carey Inc. | 1.00% | 74,627 | $4.7M | Reduce -11.2% |
| SKX Skechers USA Inc. Class A | 0.99% | 82,612 | $4.7M | Add +11.2% |
| CL Colgate-Palmolive Co. | 0.99% | 49,720 | $4.7M | Add +1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.97% | 18,522 | $4.6M | Reduce -14.0% |
| MCK McKesson Corp. | 0.94% | 6,614 | $4.5M | Reduce -22.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.94% | 9,118 | $4.4M | Reduce -26.5% |
| PSA Public Storage | 0.93% | 14,691 | $4.4M | Add +2.0% |
| HPQ HP Inc. | 0.92% | 156,722 | $4.3M | Add +7.7% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.92% | 36,530 | $4.3M | Reduce -12.3% |
| ABBV Abbvie Inc. | 0.92% | 20,640 | $4.3M | Reduce -10.5% |
| GM General Motors Co. | 0.91% | 91,462 | $4.3M | Add +7.3% |
| CVS CVS Health Corp. | 0.89% | 62,060 | $4.2M | Reduce -32.4% |
| CAH Cardinal Health Inc. | 0.87% | 29,736 | $4.1M | Add +0.1% |
| MDT Medtronic PLC | 0.86% | 45,171 | $4.1M | Reduce -11.4% |
| QCOM Qualcomm Inc. | 0.83% | 25,676 | $3.9M | Reduce -11.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.81% | 38,643 | $3.8M | Add +43.0% |
| WPM Wheaton Precious Metals Corp. | 0.77% | 47,039 | $3.6M | Reduce -16.1% |
| GIS General Mills Inc. | 0.76% | 60,406 | $3.6M | Reduce -19.3% |
| BMY Bristol-Myers Squibb Co. | 0.76% | 58,497 | $3.6M | Reduce -20.0% |
| TD Toronto-Dominion Bank | 0.75% | 59,381 | $3.6M | Reduce -6.6% |
| UNH Unitedhealth Group Inc. | 0.73% | 6,576 | $3.4M | Reduce -3.0% |
| RY Royal Bank of Canada | 0.72% | 30,340 | $3.4M | Reduce -1.9% |
| ARW Arrow Electronics Inc. | 0.68% | 30,977 | $3.2M | Add +4.7% |
| EXC Exelon Corp. | 0.67% | 68,536 | $3.2M | Reduce -19.1% |
| ORCL Oracle Corp. | 0.65% | 21,873 | $3.1M | Reduce -11.5% |
| MRSH Marsh & McLennan Cos | 0.64% | 12,461 | $3.0M | Add +9.3% |
| ACI Albertsons Cos Inc. Class A | 0.64% | 137,922 | $3.0M | Reduce -34.5% |
| KGC Kinross Gold Corp. | 0.64% | 238,300 | $3.0M | Reduce -15.4% |
| JBL Jabil Inc. | 0.61% | 21,187 | $2.9M | Add +30.3% |
| NVDA Nvidia Corp. | 0.60% | 26,144 | $2.8M | New |
| CVX Chevron Corp. | 0.55% | 15,599 | $2.6M | Reduce -9.3% |
| GDDY GoDaddy Inc. Class A | 0.52% | 13,679 | $2.5M | Add +5.7% |
| DUK Duke Energy Corp. | 0.49% | 18,949 | $2.3M | Reduce -7.3% |
| PEP Pepsico Inc. | 0.48% | 15,004 | $2.3M | Reduce -11.8% |
| SBRA Sabra Health Care REIT Inc. | 0.47% | 127,106 | $2.2M | Add +14.2% |
| DECK Deckers Outdoor Corp. | 0.44% | 18,600 | $2.1M | New |
| XOM Exxon Mobil Corp. | 0.43% | 17,111 | $2.0M | Reduce -20.1% |
| ACN Accenture PLC Class A | 0.37% | 5,564 | $1.7M | Add +3.5% |
| UBER Uber Technologies Inc. | 0.36% | 23,504 | $1.7M | Add +70.9% |
| NFLX Netflix Inc. | 0.36% | 1,806 | $1.7M | Add +237.6% |
| UPS United Parcel Service Class B | 0.35% | 15,186 | $1.7M | Reduce -1.6% |
| ROIV Roivant Sciences Ltd. | 0.34% | 158,011 | $1.6M | No change |
| RIO Rio Tinto PLC-Spon ADR | 0.22% | 17,472 | $1.1M | No change |
| REGN Regeneron Pharmaceuticals | 0.19% | 1,412 | $896K | New |
| ABNB Airbnb Inc. Class A | 0.17% | 6,687 | $799K | New |
| WST West Pharmaceutical Services | 0.14% | 2,850 | $638K | New |
| SMFG Sumitomo Mitsui-Spons ADR | 0.11% | 34,657 | $536K | Reduce -12.6% |
| GOOG Alphabet Inc. Class C | 0.10% | 3,146 | $491K | Reduce -66.9% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.07% | 23,454 | $320K | Reduce -33.9% |
| VTRS Viatris Inc. | 0.01% | 6,864 | $60K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -0.3% | 4.85% | −0.57 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.38 |
| MRK Merck & Co. Inc. | Reduce -7.2% | 1.87% | −0.33 |
| WMT Walmart Inc. | Reduce -19.8% | 1.20% | −0.32 |
| GOOG Alphabet Inc. Class C | Reduce -66.9% | 0.10% | −0.27 |
| GIS General Mills Inc. | Reduce -19.3% | 0.76% | −0.23 |
| ACI Albertsons Cos Inc. Class A | Reduce -34.5% | 0.64% | −0.22 |
| ORCL Oracle Corp. | Reduce -11.5% | 0.65% | −0.21 |
| C Citigroup Inc. | Reduce -11.4% | 2.00% | −0.21 |
| T AT&T Inc. | Reduce -25.3% | 2.29% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -20.0% | 0.76% | −0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -26.5% | 0.94% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -11.2% | 0.83% | −0.09 |
| KHC The Kraft Heinz Co. | Reduce -6.3% | 1.12% | −0.07 |
| MCK McKesson Corp. | Reduce -22.2% | 0.94% | −0.07 |
| KR Kroger Co. | Reduce -14.1% | 1.70% | −0.06 |
| PEP Pepsico Inc. | Reduce -11.8% | 0.48% | −0.06 |
| RY Royal Bank of Canada | Reduce -1.9% | 0.72% | −0.06 |
| UPS United Parcel Service Class B | Reduce -1.6% | 0.35% | −0.05 |
| VRSN Verisign Inc. | Reduce -21.1% | 2.61% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -20.1% | 0.43% | −0.05 |
| SJM The JM Smucker Co. | Reduce -12.3% | 0.92% | −0.04 |
| OGN Organon & Co. | Sold out | 0.00% | −0.04 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -33.9% | 0.07% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -14.0% | 0.97% | −0.01 |
| ED Consolidated Edison Inc. | Reduce -20.9% | 1.35% | −0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -12.6% | 0.11% | −0.01 |
| EXC Exelon Corp. | Reduce -19.1% | 0.67% | +0.00 |
| LH Labcorp Holdings Inc. | Reduce -2.1% | 1.07% | +0.01 |
| MDT Medtronic PLC | Reduce -11.4% | 0.86% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.0% | 0.73% | +0.01 |
| CVS CVS Health Corp. | Reduce -32.4% | 0.89% | +0.03 |
| DUK Duke Energy Corp. | Reduce -7.3% | 0.49% | +0.03 |
| CHKP Check Point Software Tech | Reduce -18.0% | 2.30% | +0.03 |
| CVX Chevron Corp. | Reduce -9.3% | 0.55% | +0.03 |
| DGX Quest Diagnostics Inc. | Reduce -9.6% | 1.40% | +0.04 |
| WPC WP Carey Inc. | Reduce -11.2% | 1.00% | +0.04 |
| TD Toronto-Dominion Bank | Reduce -6.6% | 0.75% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | Reduce -25.0% | 1.02% | +0.05 |
| ABBV Abbvie Inc. | Reduce -10.5% | 0.92% | +0.06 |
| TRV The Travelers Cos Inc. | Reduce -5.8% | 1.38% | +0.06 |
| JNJ Johnson & Johnson | Reduce -9.5% | 1.62% | +0.08 |
| GILD Gilead Sciences Inc. | Reduce -12.1% | 1.18% | +0.09 |
| KGC Kinross Gold Corp. | Reduce -15.4% | 0.64% | +0.09 |
| CI The Cigna Group | Reduce -9.9% | 1.26% | +0.10 |
| HCA HCA Healthcare Inc. | Reduce -7.1% | 1.42% | +0.11 |
| WPM Wheaton Precious Metals Corp. | Reduce -16.1% | 0.77% | +0.11 |
| ELV Elevance Health Inc. | Reduce -5.4% | 1.05% | +0.12 |
| V Visa Inc. Class A | Reduce -5.0% | 2.02% | +0.13 |
| NEM Newmont Corp. | Reduce -11.8% | 1.08% | +0.15 |
Portfolio Buys Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | New | 0.60% | +0.60 |
| DECK Deckers Outdoor Corp. | New | 0.44% | +0.44 |
| NFLX Netflix Inc. | Add +237.6% | 0.36% | +0.26 |
| REGN Regeneron Pharmaceuticals | New | 0.19% | +0.19 |
| UBER Uber Technologies Inc. | Add +70.9% | 0.36% | +0.19 |
| DIS The Walt Disney Co. | Add +43.0% | 0.81% | +0.18 |
| ABNB Airbnb Inc. Class A | New | 0.17% | +0.17 |
| MRSH Marsh & McLennan Cos | Add +9.3% | 0.64% | +0.14 |
| WST West Pharmaceutical Services | New | 0.14% | +0.14 |
| CAH Cardinal Health Inc. | Add +0.1% | 0.87% | +0.13 |
| JBL Jabil Inc. | Add +30.3% | 0.61% | +0.12 |
| CSCO Cisco Systems Inc. | Add +1.0% | 1.86% | +0.12 |
| PG The Procter & Gamble Co. | Add +4.8% | 1.56% | +0.11 |
| META Meta Platforms Inc. Class A | Add +5.5% | 1.95% | +0.09 |
| AMZN Amazon.com Inc. | Add +22.5% | 1.16% | +0.08 |
| EG Everest Group Ltd. | Add +1.0% | 2.76% | +0.07 |
| SBRA Sabra Health Care REIT Inc. | Add +14.2% | 0.47% | +0.07 |
| CL Colgate-Palmolive Co. | Add +1.6% | 0.99% | +0.06 |
| DVA Davita Inc. | Add +0.3% | 1.37% | +0.05 |
| PFE Pfizer Inc. | Add +7.5% | 1.15% | +0.04 |
| PSA Public Storage | Add +2.0% | 0.93% | +0.03 |
| GWW WW Grainger Inc. | Add +5.8% | 1.77% | +0.01 |
| GDDY GoDaddy Inc. Class A | Add +5.7% | 0.52% | −0.01 |
| ARW Arrow Electronics Inc. | Add +4.7% | 0.68% | −0.02 |
| ACN Accenture PLC Class A | Add +3.5% | 0.37% | −0.03 |
| GM General Motors Co. | Add +7.3% | 0.91% | −0.04 |
| STLA Stellantis NV | Add +11.8% | 1.23% | −0.05 |
| SKX Skechers USA Inc. Class A | Add +11.2% | 0.99% | −0.05 |
| MSFT Microsoft Corp. | Add +10.1% | 7.45% | −0.06 |
| HPQ HP Inc. | Add +7.7% | 0.92% | −0.07 |
| AVGO Broadcom Inc. | Add +10.3% | 1.18% | −0.28 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 3.96% | −0.48 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 86 | $619.9M | MSFT, VZ, AAPL, GOOGL, EG |
| Q1 2026 | 86 | $597.0M | MSFT, VZ, AAPL, GOOGL, EG |
| Q4 2025 | 84 | $558.1M | MSFT, VZ, GOOGL, AAPL, EG |
| Q3 2025 | 84 | $588.5M | MSFT, VZ, AAPL, GOOGL, EG |
| Q2 2025 | 87 | $558.6M | MSFT, VZ, AAPL, GOOGL, EG |
| Q1 2025 | 84 | $472.5M | MSFT, VZ, AAPL, GOOGL, EG |
| Q4 2024 | 81 | $478.5M | MSFT, VZ, AAPL, GOOGL, EG |
| Q3 2024 | 83 | $564.1M | MSFT, VZ, AAPL, GOOGL, EG |
| Q2 2024 | 86 | $520.5M | MSFT, VZ, AAPL, GOOGL, CHKP |
| Q1 2024 | 84 | $575.5M | MSFT, VZ, AAPL, GOOGL, MRK |