WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST reported 20 stock positions worth $8.7 billion. Its top holding was Visa Class A (V) at 9.8% of the portfolio, followed by Microsoft (MSFT, 8.6%) and DoorDash Class A (DASH, 8.5%). Compared with Q1 2025, it added to 3. The biggest buy was ServiceNow (NOW, shares +6%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001026720
- Portfolio Value
- $8.7B (Q2 2025)
- SEC Filing
- 0001012975-25-000385 ↗ filed Jul 24, 2025
Holdings Value
Holdings 20 stocks · $8.7B
| V Visa Inc. Class A | 9.83% | 2,400,000 | $852.1M | No change |
| MSFT Microsoft Corp. | 8.61% | 1,500,000 | $746.1M | No change |
| DASH DoorDash Inc. Class A | 8.53% | 3,000,000 | $739.5M | No change |
| AMZN Amazon.com Inc. | 8.36% | 3,300,000 | $724.0M | No change |
| AAPL Apple Inc. | 6.63% | 2,800,000 | $574.5M | No change |
| LIN Linde PLC | 6.06% | 1,120,000 | $525.5M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 5.89% | 700 | $510.2M | No change |
| NOW ServiceNow Inc. | 5.34% | 450,000 | $462.6M | Add +5.9% |
| ABT Abbott Laboratories | 4.91% | 3,125,000 | $425.0M | No change |
| CSCO Cisco Systems Inc. | 4.80% | 6,000,000 | $416.3M | No change |
| EW Edwards Lifesciences Corp. | 4.33% | 4,800,000 | $375.4M | No change |
| MA Mastercard Inc. Class A | 3.86% | 595,000 | $334.4M | Add +7.2% |
| ACN Accenture PLC Class A | 3.79% | 1,100,000 | $328.8M | No change |
| GOOG Alphabet Inc. Class C | 3.68% | 1,800,000 | $319.3M | No change |
| GOOGL Alphabet Inc. Class A | 3.66% | 1,800,000 | $317.2M | No change |
| ADBE Adobe Inc. | 3.35% | 750,000 | $290.2M | Add +3.0% |
| PEP Pepsico Inc. | 3.05% | 2,000,000 | $264.1M | No change |
| JNJ Johnson & Johnson | 2.82% | 1,600,000 | $244.4M | No change |
| NKE Nike Inc. Class B | 2.46% | 3,000,000 | $213.1M | No change |
| NMRA Neumora Therapeutics Inc. | 0.03% | 3,309,123 | $2.4M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $9.0B | V, AAPL, AMZN, CSCO, GOOGL |
| Q1 2026 | 21 | $8.1B | V, AAPL, AMZN, MSFT, LIN |
| Q4 2025 | 21 | $9.3B | V, AMZN, AAPL, MSFT, DASH |
| Q3 2025 | 21 | $9.2B | V, DASH, MSFT, AMZN, AAPL |
| Q2 2025 | 20 | $8.7B | V, MSFT, DASH, AMZN, AAPL |
| Q1 2025 | 20 | $8.0B | V, AMZN, AAPL, MSFT, BRK.A |
| Q4 2024 | 21 | $8.3B | V, AMZN, AAPL, MSFT, DASH |
| Q3 2024 | 22 | $8.2B | AMZN, V, AAPL, MSFT, LIN |
| Q2 2024 | 23 | $7.8B | AMZN, MSFT, V, AAPL, LIN |
| Q1 2024 | 23 | $8.3B | MSFT, AMZN, V, LIN, BRK.A |