Te Ahumairangi Investment Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Te Ahumairangi Investment Management Ltd reported 84 stock positions worth $588.5 million. Its top holding was Microsoft (MSFT) at 8.6% of the portfolio, followed by Verizon Communications (VZ, 6.3%) and Apple (AAPL, 5.4%). Compared with Q2 2025, it opened 1 new position, sold out of 4, added to 48 and reduced 33. The biggest buy was Crown Castle (CCI, shares +123%) and the biggest sale an exit from Skechers USA Class A (SKX).
- Most Recent 13F
- Q2 2026
- Location
- WELLINGTON, Q2
- CIK
- 0001832237
- Portfolio Value
- $588.5M (Q3 2025)
- SEC Filing
- 0001832237-25-000008 ↗ filed Nov 13, 2025
Holdings Value
Holdings 84 stocks · $588.5M
| MSFT Microsoft Corp. | 8.60% | 97,657 | $50.6M | Add +5.1% |
| VZ Verizon Communications Inc. | 6.34% | 848,780 | $37.3M | Add +6.0% |
| AAPL Apple Inc. | 5.40% | 124,841 | $31.8M | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 4.85% | 117,332 | $28.5M | Reduce -19.4% |
| EG Everest Group Ltd. | 2.85% | 47,940 | $16.8M | Add +15.3% |
| META Meta Platforms Inc. Class A | 2.37% | 18,974 | $13.9M | Add +4.7% |
| VRSN Verisign Inc. | 2.25% | 47,383 | $13.2M | Add +0.3% |
| T AT&T Inc. | 2.09% | 436,517 | $12.3M | Add +9.2% |
| CHKP Check Point Software Tech | 2.04% | 57,961 | $12.0M | Add +9.9% |
| CSCO Cisco Systems Inc. | 1.99% | 170,718 | $11.7M | Add +2.4% |
| V Visa Inc. Class A | 1.86% | 31,992 | $10.9M | Add +2.8% |
| C Citigroup Inc. | 1.81% | 105,170 | $10.7M | Reduce -21.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.77% | 10,949 | $10.4M | Add +9.3% |
| KR Kroger Co. | 1.72% | 150,356 | $10.1M | Add +18.1% |
| JNJ Johnson & Johnson | 1.58% | 50,295 | $9.3M | Reduce -8.3% |
| DVA Davita Inc. | 1.55% | 68,466 | $9.1M | Add +16.3% |
| MRK Merck & Co. Inc. | 1.51% | 106,007 | $8.9M | Reduce -3.4% |
| TRV The Travelers Cos Inc. | 1.39% | 29,347 | $8.2M | Add +13.2% |
| PG The Procter & Gamble Co. | 1.38% | 52,887 | $8.1M | Add +13.4% |
| ED Consolidated Edison Inc. | 1.37% | 79,983 | $8.0M | Add +19.8% |
| NVDA Nvidia Corp. | 1.25% | 39,448 | $7.4M | Add +6.7% |
| DGX Quest Diagnostics Inc. | 1.25% | 38,458 | $7.3M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 1.22% | 32,629 | $7.2M | Add +0.8% |
| AVGO Broadcom Inc. | 1.18% | 21,083 | $7.0M | Reduce -24.6% |
| NEM Newmont Corp. | 1.17% | 81,462 | $6.9M | Reduce -13.9% |
| STLA Stellantis NV | 1.14% | 723,963 | $6.7M | Reduce -2.3% |
| GILD Gilead Sciences Inc. | 1.13% | 60,156 | $6.7M | Add +1.3% |
| PFE Pfizer Inc. | 1.11% | 255,846 | $6.5M | Add +2.7% |
| LH Labcorp Holdings Inc. | 1.09% | 22,332 | $6.4M | Reduce -3.2% |
| GM General Motors Co. | 1.03% | 99,332 | $6.1M | Reduce -9.2% |
| MDT Medtronic PLC | 1.00% | 61,871 | $5.9M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.00% | 20,882 | $5.9M | Add +11.1% |
| HCA HCA Healthcare Inc. | 0.99% | 13,641 | $5.8M | Reduce -28.8% |
| CL Colgate-Palmolive Co. | 0.94% | 69,470 | $5.6M | Add +29.2% |
| MCK McKesson Corp. | 0.94% | 7,160 | $5.5M | Add +15.2% |
| ELV Elevance Health Inc. | 0.93% | 17,004 | $5.5M | Add +5.0% |
| WPC WP Carey Inc. | 0.91% | 79,497 | $5.4M | Add +1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.91% | 46,913 | $5.4M | Add +17.7% |
| CAH Cardinal Health Inc. | 0.89% | 33,441 | $5.2M | Add +10.9% |
| ABBV Abbvie Inc. | 0.89% | 22,650 | $5.2M | Reduce -5.0% |
| CVS CVS Health Corp. | 0.89% | 69,210 | $5.2M | Add +3.4% |
| PSA Public Storage | 0.87% | 17,751 | $5.1M | Add +7.8% |
| KHC The Kraft Heinz Co. | 0.87% | 195,963 | $5.1M | Add +4.8% |
| AEM Agnico Eagle Mines Ltd. | 0.86% | 30,088 | $5.1M | Reduce -28.3% |
| CI The Cigna Group | 0.85% | 17,328 | $5.0M | Reduce -4.4% |
| CCI Crown Castle Inc. | 0.85% | 51,570 | $5.0M | Add +123.3% |
| EXC Exelon Corp. | 0.82% | 106,959 | $4.8M | Add +18.8% |
| MRSH Marsh & McLennan Cos | 0.79% | 23,107 | $4.7M | Add +43.5% |
| JBL Jabil Inc. | 0.79% | 21,392 | $4.6M | Reduce -6.6% |
| TD Toronto-Dominion Bank | 0.78% | 57,511 | $4.6M | Reduce -6.3% |
| WPM Wheaton Precious Metals Corp. | 0.76% | 40,179 | $4.5M | Reduce -13.4% |
| HPQ HP Inc. | 0.73% | 157,402 | $4.3M | Reduce -16.1% |
| ADBE Adobe Inc. | 0.72% | 11,940 | $4.2M | Add +43.7% |
| BMY Bristol-Myers Squibb Co. | 0.70% | 91,927 | $4.1M | Add +10.4% |
| KGC Kinross Gold Corp. | 0.69% | 164,500 | $4.1M | Reduce -17.2% |
| ARW Arrow Electronics Inc. | 0.69% | 33,638 | $4.1M | Add +3.4% |
| RY Royal Bank of Canada | 0.64% | 25,510 | $3.8M | Reduce -18.3% |
| GIS General Mills Inc. | 0.64% | 74,514 | $3.8M | Add +16.3% |
| QCOM Qualcomm Inc. | 0.63% | 22,206 | $3.7M | Reduce -10.7% |
| WMT Walmart Inc. | 0.62% | 35,395 | $3.6M | Reduce -15.5% |
| REGN Regeneron Pharmaceuticals | 0.60% | 6,260 | $3.5M | Add +10.0% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.57% | 30,720 | $3.3M | Reduce -20.6% |
| ORCL Oracle Corp. | 0.56% | 11,793 | $3.3M | Reduce -27.8% |
| GDDY GoDaddy Inc. Class A | 0.54% | 23,209 | $3.2M | Add +13.9% |
| UBER Uber Technologies Inc. | 0.52% | 30,954 | $3.0M | Add +14.8% |
| XOM Exxon Mobil Corp. | 0.51% | 26,481 | $3.0M | Add +14.8% |
| DECK Deckers Outdoor Corp. | 0.48% | 28,061 | $2.8M | Add +0.3% |
| ABNB Airbnb Inc. Class A | 0.47% | 22,697 | $2.8M | Add +38.9% |
| CVX Chevron Corp. | 0.47% | 17,689 | $2.7M | Reduce -1.3% |
| DUK Duke Energy Corp. | 0.47% | 22,149 | $2.7M | Add +11.3% |
| NFLX Netflix Inc. | 0.46% | 2,276 | $2.7M | Reduce -7.0% |
| ACN Accenture PLC Class A | 0.44% | 10,424 | $2.6M | Add +34.1% |
| UNH Unitedhealth Group Inc. | 0.43% | 7,302 | $2.5M | Reduce -2.7% |
| ROIV Roivant Sciences Ltd. | 0.42% | 163,207 | $2.5M | Reduce -7.7% |
| SBRA Sabra Health Care REIT Inc. | 0.41% | 130,626 | $2.4M | Add +10.0% |
| LLY Eli Lilly & Co. | 0.40% | 3,120 | $2.4M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 5,725 | $2.2M | Reduce -4.3% |
| UPS United Parcel Service Class B | 0.33% | 23,186 | $1.9M | Add +22.8% |
| GOOG Alphabet Inc. Class C | 0.20% | 4,900 | $1.2M | Add +52.2% |
| RIO Rio Tinto PLC-Spon ADR | 0.20% | 17,472 | $1.2M | No change |
| WST West Pharmaceutical Services | 0.10% | 2,350 | $616K | Reduce -17.5% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.09% | 34,454 | $549K | No change |
| MFG Mizuho Financial Group-ADR | 0.03% | 30,000 | $201K | Reduce -40.0% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.03% | 11,057 | $185K | Reduce -51.2% |
Portfolio Sells Q2 2025 → Q3 2025
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.88 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.45 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.42 |
| HCA HCA Healthcare Inc. | Reduce -28.8% | 0.99% | −0.33 |
| C Citigroup Inc. | Reduce -21.8% | 1.81% | −0.24 |
| CI The Cigna Group | Reduce -4.4% | 0.85% | −0.22 |
| STLA Stellantis NV | Reduce -2.3% | 1.14% | −0.21 |
| AVGO Broadcom Inc. | Reduce -24.6% | 1.18% | −0.20 |
| NFLX Netflix Inc. | Reduce -7.0% | 0.46% | −0.12 |
| WMT Walmart Inc. | Reduce -15.5% | 0.62% | −0.11 |
| SJM The JM Smucker Co. | Reduce -20.6% | 0.57% | −0.11 |
| JBL Jabil Inc. | Reduce -6.6% | 0.79% | −0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -4.3% | 0.38% | −0.10 |
| RY Royal Bank of Canada | Reduce -18.3% | 0.64% | −0.10 |
| HPQ HP Inc. | Reduce -16.1% | 0.73% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -10.7% | 0.63% | −0.08 |
| ORCL Oracle Corp. | Reduce -27.8% | 0.56% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -3.4% | 1.51% | −0.04 |
| DGX Quest Diagnostics Inc. | Reduce -3.9% | 1.25% | −0.04 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.04 |
| AEM Agnico Eagle Mines Ltd. | Reduce -28.3% | 0.86% | −0.03 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -51.2% | 0.03% | −0.03 |
| TD Toronto-Dominion Bank | Reduce -6.3% | 0.78% | −0.02 |
| MFG Mizuho Financial Group-ADR | Reduce -40.0% | 0.03% | −0.02 |
| WST West Pharmaceutical Services | Reduce -17.5% | 0.10% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -3.2% | 1.09% | +0.01 |
| CVX Chevron Corp. | Reduce -1.3% | 0.47% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -2.7% | 0.43% | +0.01 |
| WPM Wheaton Precious Metals Corp. | Reduce -13.4% | 0.76% | +0.02 |
| ROIV Roivant Sciences Ltd. | Reduce -7.7% | 0.42% | +0.06 |
| GM General Motors Co. | Reduce -9.2% | 1.03% | +0.07 |
| JNJ Johnson & Johnson | Reduce -8.3% | 1.58% | +0.09 |
| ABBV Abbvie Inc. | Reduce -5.0% | 0.89% | +0.10 |
| KGC Kinross Gold Corp. | Reduce -17.2% | 0.69% | +0.14 |
| NEM Newmont Corp. | Reduce -13.9% | 1.17% | +0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -19.4% | 4.85% | +0.26 |
| AAPL Apple Inc. | Reduce -6.3% | 5.40% | +0.51 |
Portfolio Buys Q2 2025 → Q3 2025
| CCI Crown Castle Inc. | Add +123.3% | 0.85% | +0.42 |
| LLY Eli Lilly & Co. | New | 0.40% | +0.40 |
| EG Everest Group Ltd. | Add +15.3% | 2.85% | +0.32 |
| MSFT Microsoft Corp. | Add +5.1% | 8.60% | +0.32 |
| NVDA Nvidia Corp. | Add +6.7% | 1.25% | +0.21 |
| ED Consolidated Edison Inc. | Add +19.8% | 1.37% | +0.17 |
| MRSH Marsh & McLennan Cos | Add +43.5% | 0.79% | +0.16 |
| TRV The Travelers Cos Inc. | Add +13.2% | 1.39% | +0.15 |
| ADBE Adobe Inc. | Add +43.7% | 0.72% | +0.14 |
| VZ Verizon Communications Inc. | Add +6.0% | 6.34% | +0.14 |
| MCK McKesson Corp. | Add +15.2% | 0.94% | +0.12 |
| EXC Exelon Corp. | Add +18.8% | 0.82% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +52.2% | 0.20% | +0.10 |
| KR Kroger Co. | Add +18.1% | 1.72% | +0.09 |
| ABNB Airbnb Inc. Class A | Add +38.9% | 0.47% | +0.08 |
| CL Colgate-Palmolive Co. | Add +29.2% | 0.94% | +0.07 |
| UBER Uber Technologies Inc. | Add +14.8% | 0.52% | +0.07 |
| REGN Regeneron Pharmaceuticals | Add +10.0% | 0.60% | +0.06 |
| XOM Exxon Mobil Corp. | Add +14.8% | 0.51% | +0.06 |
| CVS CVS Health Corp. | Add +3.4% | 0.89% | +0.06 |
| MDT Medtronic PLC | Add +1.9% | 1.00% | +0.05 |
| PG The Procter & Gamble Co. | Add +13.4% | 1.38% | +0.05 |
| DUK Duke Energy Corp. | Add +11.3% | 0.47% | +0.05 |
| DVA Davita Inc. | Add +16.3% | 1.55% | +0.04 |
| GIS General Mills Inc. | Add +16.3% | 0.64% | +0.04 |
| WPC WP Carey Inc. | Add +1.2% | 0.91% | +0.04 |
| DIS The Walt Disney Co. | Add +17.7% | 0.91% | +0.03 |
| PFE Pfizer Inc. | Add +2.7% | 1.11% | +0.03 |
| T AT&T Inc. | Add +9.2% | 2.09% | +0.02 |
| SBRA Sabra Health Care REIT Inc. | Add +10.0% | 0.41% | +0.02 |
| ACN Accenture PLC Class A | Add +34.1% | 0.44% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +10.4% | 0.70% | +0.01 |
| IBM Intl Business Machines Corp. | Add +11.1% | 1.00% | +0.01 |
| PSA Public Storage | Add +7.8% | 0.87% | +0.01 |
| KHC The Kraft Heinz Co. | Add +4.8% | 0.87% | +0.00 |
| UPS United Parcel Service Class B | Add +22.8% | 0.33% | −0.01 |
| CAH Cardinal Health Inc. | Add +10.9% | 0.89% | −0.02 |
| META Meta Platforms Inc. Class A | Add +4.7% | 2.37% | −0.03 |
| DECK Deckers Outdoor Corp. | Add +0.3% | 0.48% | −0.03 |
| GILD Gilead Sciences Inc. | Add +1.3% | 1.13% | −0.04 |
| ARW Arrow Electronics Inc. | Add +3.4% | 0.69% | −0.05 |
| CHKP Check Point Software Tech | Add +9.9% | 2.04% | −0.05 |
| AMZN Amazon.com Inc. | Add +0.8% | 1.22% | −0.05 |
| CSCO Cisco Systems Inc. | Add +2.4% | 1.99% | −0.09 |
| GWW WW Grainger Inc. | Add +9.3% | 1.77% | −0.09 |
| GDDY GoDaddy Inc. Class A | Add +13.9% | 0.54% | −0.12 |
| V Visa Inc. Class A | Add +2.8% | 1.86% | −0.12 |
| VRSN Verisign Inc. | Add +0.3% | 2.25% | −0.19 |
| ELV Elevance Health Inc. | Add +5.0% | 0.93% | −0.19 |
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 |