Institutional Manager · CIK 0001026720
WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST
LONDON, X0 · File #028-13413
Latest AUM
$9.32B
Positions
21
Top-10 Concentration
68.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | SERVICENOW INC | NOW | +1,800,000 | +$275.7M | -$345.2M |
| REDUCE | ABBOTT LABS | ABLZF | 0 | $0 | -$27.0M |
| REDUCE | ACCENTURE PLC IRELAND | ACN | 0 | $0 | +$23.9M |
| REDUCE | ADOBE INC | ADBE | 0 | $0 | -$2.1M |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$126.5M |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$125.8M |
| REDUCE | AMAZON COM INC | AMZN | 0 | $0 | +$37.1M |
| REDUCE | APPLE INC | AAPL | 0 | $0 | +$48.2M |
| REDUCE | BERKSHIRE HATHAWAY INC DEL | BRK-A | 0 | $0 | +$420,000 |
| REDUCE | CISCO SYS INC | CSCO | 0 | $0 | +$51.7M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202521 pos · $9.32B
- 13F HOLDINGS REPORTQ/E Sep 202521 pos · $9.18B
- 13F HOLDINGS REPORTQ/E Jun 202520 pos · $8.67B
- 13F HOLDINGS REPORTQ/E Mar 202520 pos · $8.00B
- 13F HOLDINGS REPORTQ/E Dec 202421 pos · $8.28B
- 13F HOLDINGS REPORTQ/E Sep 202422 pos · $8.21B
- 13F HOLDINGS REPORTQ/E Jun 202423 pos · $7.82B
- 13F HOLDINGS REPORTQ/E Mar 202423 pos · $8.33B
- 13F HOLDINGS REPORTQ/E Dec 202323 pos · $7.52B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VISA INC | V | 2,400,000 | $841.7M | 9.04% |
| 2 | AMAZON COM INC | AMZN | 3,300,000 | $761.7M | 8.18% |
| 3 | APPLE INC | AAPL | 2,800,000 | $761.2M | 8.17% |
| 4 | MICROSOFT CORP | MSFT | 1,500,000 | $725.4M | 7.79% |
| 5 | DOORDASH INC | DASH | 3,000,000 | $679.4M | 7.29% |
| 6 | ALPHABET INC | GOOG | 1,800,000 | $564.8M | 6.06% |
| 7 | ALPHABET INC | GOOG | 1,800,000 | $563.4M | 6.05% |
| 8 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 700 | $528.4M | 5.67% |
| 9 | LINDE PLC | LIN | 1,120,000 | $477.6M | 5.13% |
| 10 | CISCO SYS INC | CSCO | 6,000,000 | $462.2M | 4.96% |
| 11 | EDWARDS LIFESCIENCES CORP | EW | 4,800,000 | $409.2M | 4.39% |
| 12 | ABBOTT LABS | ABLZF | 3,125,000 | $391.5M | 4.20% |
| 13 | SERVICENOW INC | NOW | 2,250,000 | $344.7M | 3.70% |
| 14 | MASTERCARD INCORPORATED | MA | 595,000 | $339.7M | 3.65% |
| 15 | JOHNSON & JOHNSON | JNJ | 1,600,000 | $331.1M | 3.55% |
| 16 | ACCENTURE PLC IRELAND | ACN | 1,100,000 | $295.1M | 3.17% |
| 17 | PEPSICO INC | PEP | 2,000,000 | $287.0M | 3.08% |
| 18 | ADOBE INC | ADBE | 750,000 | $262.5M | 2.82% |
| 19 | NIKE INC | NKE | 3,000,000 | $191.1M | 2.05% |
| 20 | KLARNA GROUP PLC | KLAR | 3,158,340 | $91.3M | 0.98% |