WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST reported 21 stock positions worth $9.2 billion. Its top holding was Visa Class A (V) at 8.9% of the portfolio, followed by DoorDash Class A (DASH, 8.9%) and Microsoft (MSFT, 8.5%). Compared with Q2 2025, it opened 1 new position. The biggest buy was a new position in Klarna (KLAR).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001026720
- Portfolio Value
- $9.2B (Q3 2025)
- SEC Filing
- 0001012975-25-000699 ↗ filed Nov 5, 2025
Holdings Value
Holdings 21 stocks · $9.2B
| V Visa Inc. Class A | 8.92% | 2,400,000 | $819.3M | No change |
| DASH DoorDash Inc. Class A | 8.88% | 3,000,000 | $816.0M | No change |
| MSFT Microsoft Corp. | 8.46% | 1,500,000 | $776.9M | No change |
| AMZN Amazon.com Inc. | 7.89% | 3,300,000 | $724.6M | No change |
| AAPL Apple Inc. | 7.76% | 2,800,000 | $713.0M | No change |
| LIN Linde PLC | 5.79% | 1,120,000 | $532.0M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 5.75% | 700 | $527.9M | No change |
| GOOG Alphabet Inc. Class C | 4.77% | 1,800,000 | $438.4M | No change |
| GOOGL Alphabet Inc. Class A | 4.76% | 1,800,000 | $437.6M | No change |
| ABT Abbott Laboratories | 4.56% | 3,125,000 | $418.6M | No change |
| NOW ServiceNow Inc. | 4.51% | 450,000 | $414.1M | No change |
| CSCO Cisco Systems Inc. | 4.47% | 6,000,000 | $410.5M | No change |
| EW Edwards Lifesciences Corp. | 4.06% | 4,800,000 | $373.3M | No change |
| MA Mastercard Inc. Class A | 3.68% | 595,000 | $338.4M | No change |
| JNJ Johnson & Johnson | 3.23% | 1,600,000 | $296.7M | No change |
| PEP Pepsico Inc. | 3.06% | 2,000,000 | $280.9M | No change |
| ACN Accenture PLC Class A | 2.95% | 1,100,000 | $271.3M | No change |
| ADBE Adobe Inc. | 2.88% | 750,000 | $264.6M | No change |
| NKE Nike Inc. Class B | 2.28% | 3,000,000 | $209.2M | No change |
| KLAR Klarna Group PLC | 1.26% | 3,158,340 | $115.8M | New |
| NMRA Neumora Therapeutics Inc. | 0.07% | 3,309,123 | $6.0M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 2025
| KLAR Klarna Group PLC | New | 1.26% | +1.26 |
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 |