Te Ahumairangi Investment Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Te Ahumairangi Investment Management Ltd reported 84 stock positions worth $558.1 million. Its top holding was Microsoft (MSFT) at 8.9% of the portfolio, followed by Verizon Communications (VZ, 6.3%) and Alphabet Class A (GOOGL, 5.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 27 and reduced 54. The biggest buy was Nvidia (NVDA, shares +25%) and the biggest sale an exit from Walmart (WMT).
- Most Recent 13F
- Q2 2026
- Location
- WELLINGTON, Q2
- CIK
- 0001832237
- Portfolio Value
- $558.1M (Q4 2025)
- SEC Filing
- 0001832237-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 84 stocks · $558.1M
| MSFT Microsoft Corp. | 8.88% | 102,509 | $49.6M | Add +5.0% |
| VZ Verizon Communications Inc. | 6.34% | 868,862 | $35.4M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 5.20% | 92,720 | $29.0M | Reduce -21.0% |
| AAPL Apple Inc. | 5.17% | 106,144 | $28.9M | Reduce -15.0% |
| EG Everest Group Ltd. | 2.75% | 45,260 | $15.4M | Reduce -5.6% |
| VRSN Verisign Inc. | 2.26% | 51,896 | $12.6M | Add +9.5% |
| CSCO Cisco Systems Inc. | 2.08% | 150,517 | $11.6M | Reduce -11.8% |
| CHKP Check Point Software Tech | 2.05% | 61,616 | $11.4M | Add +6.3% |
| META Meta Platforms Inc. Class A | 1.98% | 16,733 | $11.0M | Reduce -11.8% |
| T AT&T Inc. | 1.96% | 441,342 | $11.0M | Add +1.1% |
| V Visa Inc. Class A | 1.86% | 29,630 | $10.4M | Reduce -7.4% |
| C Citigroup Inc. | 1.66% | 79,408 | $9.3M | Reduce -24.5% |
| NVDA Nvidia Corp. | 1.64% | 49,206 | $9.2M | Add +24.7% |
| GWW WW Grainger Inc. | 1.64% | 9,044 | $9.1M | Reduce -17.4% |
| KR Kroger Co. | 1.61% | 144,252 | $9.0M | Reduce -4.1% |
| DVA Davita Inc. | 1.61% | 78,973 | $9.0M | Add +15.3% |
| MRK Merck & Co. Inc. | 1.55% | 82,226 | $8.7M | Reduce -22.4% |
| JNJ Johnson & Johnson | 1.51% | 40,754 | $8.4M | Reduce -19.0% |
| TRV The Travelers Cos Inc. | 1.49% | 28,707 | $8.3M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 1.44% | 34,774 | $8.0M | Add +6.6% |
| NEM Newmont Corp. | 1.42% | 79,337 | $7.9M | Reduce -2.6% |
| PG The Procter & Gamble Co. | 1.39% | 54,027 | $7.7M | Add +2.2% |
| ED Consolidated Edison Inc. | 1.37% | 76,821 | $7.6M | Reduce -4.0% |
| MDT Medtronic PLC | 1.19% | 68,883 | $6.6M | Add +11.3% |
| GILD Gilead Sciences Inc. | 1.14% | 51,976 | $6.4M | Reduce -13.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.09% | 53,632 | $6.1M | Add +14.3% |
| DGX Quest Diagnostics Inc. | 1.07% | 34,536 | $6.0M | Reduce -10.2% |
| STLA Stellantis NV | 1.03% | 515,543 | $5.7M | Reduce -28.8% |
| LH Labcorp Holdings Inc. | 1.03% | 22,807 | $5.7M | Add +2.1% |
| CL Colgate-Palmolive Co. | 0.98% | 69,320 | $5.5M | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.95% | 15,366 | $5.3M | Reduce -27.1% |
| PFE Pfizer Inc. | 0.94% | 210,789 | $5.2M | Reduce -17.6% |
| ELV Elevance Health Inc. | 0.94% | 14,954 | $5.2M | Reduce -12.1% |
| GM General Motors Co. | 0.94% | 64,422 | $5.2M | Reduce -35.1% |
| WPC WP Carey Inc. | 0.91% | 79,297 | $5.1M | Reduce -0.3% |
| CCI Crown Castle Inc. | 0.91% | 57,225 | $5.1M | Add +11.0% |
| EXC Exelon Corp. | 0.91% | 116,518 | $5.1M | Add +8.9% |
| HCA HCA Healthcare Inc. | 0.91% | 10,832 | $5.1M | Reduce -20.6% |
| MCK McKesson Corp. | 0.90% | 6,112 | $5.0M | Reduce -14.6% |
| CAH Cardinal Health Inc. | 0.89% | 24,114 | $5.0M | Reduce -27.9% |
| PSA Public Storage | 0.87% | 18,606 | $4.8M | Add +4.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.86% | 16,203 | $4.8M | Reduce -22.4% |
| AEM Agnico Eagle Mines Ltd. | 0.85% | 27,940 | $4.7M | Reduce -7.1% |
| CI The Cigna Group | 0.84% | 16,998 | $4.7M | Reduce -1.9% |
| ABBV Abbvie Inc. | 0.83% | 20,368 | $4.7M | Reduce -10.1% |
| ADBE Adobe Inc. | 0.82% | 13,150 | $4.6M | Add +10.1% |
| MRSH Marsh & McLennan Cos | 0.82% | 24,687 | $4.6M | Add +6.8% |
| KHC The Kraft Heinz Co. | 0.79% | 181,078 | $4.4M | Reduce -7.6% |
| CVS CVS Health Corp. | 0.76% | 53,256 | $4.2M | Reduce -23.1% |
| BMY Bristol-Myers Squibb Co. | 0.75% | 77,605 | $4.2M | Reduce -15.6% |
| WPM Wheaton Precious Metals Corp. | 0.74% | 35,152 | $4.1M | Reduce -12.5% |
| KGC Kinross Gold Corp. | 0.74% | 145,700 | $4.1M | Reduce -11.4% |
| RY Royal Bank of Canada | 0.73% | 24,010 | $4.1M | Reduce -5.9% |
| NFLX Netflix Inc. | 0.71% | 42,129 | $4.0M | Add +85.1% |
| JBL Jabil Inc. | 0.69% | 16,848 | $3.8M | Reduce -21.2% |
| ARW Arrow Electronics Inc. | 0.67% | 34,068 | $3.8M | Add +1.3% |
| HPQ HP Inc. | 0.65% | 162,097 | $3.6M | Add +3.0% |
| GIS General Mills Inc. | 0.64% | 77,164 | $3.6M | Add +3.6% |
| REGN Regeneron Pharmaceuticals | 0.63% | 4,549 | $3.5M | Reduce -27.3% |
| DUK Duke Energy Corp. | 0.60% | 28,659 | $3.4M | Add +29.4% |
| GOOG Alphabet Inc. Class C | 0.57% | 10,110 | $3.2M | Add +106.3% |
| XOM Exxon Mobil Corp. | 0.57% | 26,331 | $3.2M | Reduce -0.6% |
| GDDY GoDaddy Inc. Class A | 0.55% | 24,859 | $3.1M | Add +7.1% |
| ABNB Airbnb Inc. Class A | 0.54% | 22,139 | $3.0M | Reduce -2.5% |
| TD Toronto-Dominion Bank | 0.53% | 31,239 | $2.9M | Reduce -45.7% |
| QCOM Qualcomm Inc. | 0.52% | 16,842 | $2.9M | Reduce -24.2% |
| LLY Eli Lilly & Co. | 0.50% | 2,600 | $2.8M | Reduce -16.7% |
| UBER Uber Technologies Inc. | 0.50% | 34,134 | $2.8M | Add +10.3% |
| CVX Chevron Corp. | 0.49% | 18,116 | $2.8M | Add +2.4% |
| DECK Deckers Outdoor Corp. | 0.48% | 26,011 | $2.7M | Reduce -7.3% |
| ACN Accenture PLC Class A | 0.46% | 9,524 | $2.6M | Reduce -8.6% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.45% | 25,870 | $2.5M | Reduce -15.8% |
| ORCL Oracle Corp. | 0.45% | 12,833 | $2.5M | Add +8.8% |
| SBRA Sabra Health Care REIT Inc. | 0.44% | 129,715 | $2.5M | Reduce -0.7% |
| ROIV Roivant Sciences Ltd. | 0.42% | 108,407 | $2.4M | Reduce -33.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.42% | 5,135 | $2.3M | Reduce -10.3% |
| UNH Unitedhealth Group Inc. | 0.40% | 6,742 | $2.2M | Reduce -7.7% |
| UPS United Parcel Service Class B | 0.40% | 22,286 | $2.2M | Reduce -3.9% |
| MICC The Magnum Ice Cream Co. NV | 0.31% | 111,628 | $1.7M | New |
| RIO Rio Tinto PLC-Spon ADR | 0.22% | 15,122 | $1.2M | Reduce -13.4% |
| WST West Pharmaceutical Services | 0.12% | 2,350 | $647K | No change |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.06% | 22,454 | $356K | Reduce -34.8% |
| FDS Factset Research Systems Inc. | 0.02% | 290 | $84K | New |
| SMFG Sumitomo Mitsui-Spons ADR | 0.01% | 4,216 | $81K | Reduce -61.9% |
Portfolio Sells Q3 2025 → Q4 2025
| WMT Walmart Inc. | Sold out | 0.00% | −0.62 |
| META Meta Platforms Inc. Class A | Reduce -11.8% | 1.98% | −0.39 |
| TD Toronto-Dominion Bank | Reduce -45.7% | 0.53% | −0.25 |
| AAPL Apple Inc. | Reduce -15.0% | 5.17% | −0.23 |
| AVGO Broadcom Inc. | Reduce -27.1% | 0.95% | −0.23 |
| DGX Quest Diagnostics Inc. | Reduce -10.2% | 1.07% | −0.17 |
| PFE Pfizer Inc. | Reduce -17.6% | 0.94% | −0.17 |
| C Citigroup Inc. | Reduce -24.5% | 1.66% | −0.15 |
| IBM Intl Business Machines Corp. | Reduce -22.4% | 0.86% | −0.14 |
| GWW WW Grainger Inc. | Reduce -17.4% | 1.64% | −0.14 |
| CVS CVS Health Corp. | Reduce -23.1% | 0.76% | −0.13 |
| SJM The JM Smucker Co. | Reduce -15.8% | 0.45% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -24.2% | 0.52% | −0.11 |
| STLA Stellantis NV | Reduce -28.8% | 1.03% | −0.11 |
| KR Kroger Co. | Reduce -4.1% | 1.61% | −0.11 |
| EG Everest Group Ltd. | Reduce -5.6% | 2.75% | −0.10 |
| JBL Jabil Inc. | Reduce -21.2% | 0.69% | −0.10 |
| GM General Motors Co. | Reduce -35.1% | 0.94% | −0.09 |
| HCA HCA Healthcare Inc. | Reduce -20.6% | 0.91% | −0.08 |
| KHC The Kraft Heinz Co. | Reduce -7.6% | 0.79% | −0.08 |
| JNJ Johnson & Johnson | Reduce -19.0% | 1.51% | −0.07 |
| ABBV Abbvie Inc. | Reduce -10.1% | 0.83% | −0.06 |
| MCK McKesson Corp. | Reduce -14.6% | 0.90% | −0.04 |
| MFG Mizuho Financial Group-ADR | Sold out | 0.00% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -7.7% | 0.40% | −0.03 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -34.8% | 0.06% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Reduce -12.5% | 0.74% | −0.02 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -61.9% | 0.01% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -7.1% | 0.85% | −0.01 |
| CI The Cigna Group | Reduce -1.9% | 0.84% | −0.01 |
| CAH Cardinal Health Inc. | Reduce -27.9% | 0.89% | −0.00 |
| DECK Deckers Outdoor Corp. | Reduce -7.3% | 0.48% | −0.00 |
| ED Consolidated Edison Inc. | Reduce -4.0% | 1.37% | +0.00 |
| WPC WP Carey Inc. | Reduce -0.3% | 0.91% | +0.00 |
| ROIV Roivant Sciences Ltd. | Reduce -33.6% | 0.42% | +0.00 |
| ELV Elevance Health Inc. | Reduce -12.1% | 0.94% | +0.01 |
| V Visa Inc. Class A | Reduce -7.4% | 1.86% | +0.01 |
| GILD Gilead Sciences Inc. | Reduce -13.6% | 1.14% | +0.01 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -13.4% | 0.22% | +0.02 |
| ACN Accenture PLC Class A | Reduce -8.6% | 0.46% | +0.02 |
| SBRA Sabra Health Care REIT Inc. | Reduce -0.7% | 0.44% | +0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -27.3% | 0.63% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -10.3% | 0.42% | +0.04 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.98% | +0.04 |
| MRK Merck & Co. Inc. | Reduce -22.4% | 1.55% | +0.04 |
| KGC Kinross Gold Corp. | Reduce -11.4% | 0.74% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -15.6% | 0.75% | +0.05 |
| XOM Exxon Mobil Corp. | Reduce -0.6% | 0.57% | +0.06 |
| UPS United Parcel Service Class B | Reduce -3.9% | 0.40% | +0.07 |
| ABNB Airbnb Inc. Class A | Reduce -2.5% | 0.54% | +0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +24.7% | 1.64% | +0.39 |
| GOOG Alphabet Inc. Class C | Add +106.3% | 0.57% | +0.37 |
| MICC The Magnum Ice Cream Co. NV | New | 0.31% | +0.31 |
| MSFT Microsoft Corp. | Add +5.0% | 8.88% | +0.29 |
| NFLX Netflix Inc. | Add +85.1% | 0.71% | +0.24 |
| AMZN Amazon.com Inc. | Add +6.6% | 1.44% | +0.22 |
| MDT Medtronic PLC | Add +11.3% | 1.19% | +0.18 |
| DIS The Walt Disney Co. | Add +14.3% | 1.09% | +0.18 |
| DUK Duke Energy Corp. | Add +29.4% | 0.60% | +0.14 |
| ADBE Adobe Inc. | Add +10.1% | 0.82% | +0.11 |
| EXC Exelon Corp. | Add +8.9% | 0.91% | +0.09 |
| CCI Crown Castle Inc. | Add +11.0% | 0.91% | +0.07 |
| DVA Davita Inc. | Add +15.3% | 1.61% | +0.06 |
| MRSH Marsh & McLennan Cos | Add +6.8% | 0.82% | +0.03 |
| CVX Chevron Corp. | Add +2.4% | 0.49% | +0.03 |
| FDS Factset Research Systems Inc. | New | 0.02% | +0.02 |
| GDDY GoDaddy Inc. Class A | Add +7.1% | 0.55% | +0.01 |
| CHKP Check Point Software Tech | Add +6.3% | 2.05% | +0.01 |
| VRSN Verisign Inc. | Add +9.5% | 2.26% | +0.01 |
| PG The Procter & Gamble Co. | Add +2.2% | 1.39% | +0.01 |
| GIS General Mills Inc. | Add +3.6% | 0.64% | +0.00 |
| VZ Verizon Communications Inc. | Add +2.4% | 6.34% | +0.00 |
| PSA Public Storage | Add +4.8% | 0.87% | −0.01 |
| UBER Uber Technologies Inc. | Add +10.3% | 0.50% | −0.02 |
| ARW Arrow Electronics Inc. | Add +1.3% | 0.67% | −0.02 |
| LH Labcorp Holdings Inc. | Add +2.1% | 1.03% | −0.06 |
| HPQ HP Inc. | Add +3.0% | 0.65% | −0.08 |
| ORCL Oracle Corp. | Add +8.8% | 0.45% | −0.12 |
| T AT&T Inc. | Add +1.1% | 1.96% | −0.13 |
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 |