Te Ahumairangi Investment Management
WELLINGTON, Q2files as Te Ahumairangi Investment Management Ltd
$620m in 86 US stocks at the end of 30 June 2026. The top 10 are 37.8% of the money. It changed about 5.4% of the portfolio this quarter.
Value
$620m
Stocks
86
Top 10 share
37.8%
Turnover
5.4%
What changed this quarter
New
Bought for the first time this quarter.
- Sun CommunitiesSUI0.5% of the fund
- CencoraCOR0.3% of the fund
- lululemon athleticaLULU<0.1% of the fund
Added
Bought more of a stock they already held.
- MicrosoftMSFT9.4% of the fund+9%
- Verizon CommunicationsVZ5.0% of the fund+7%
- Everest GroupEG3.2% of the fund+3%
- NvidiaNVDA2.6% of the fund+15%
- MedtronicMDT1.9% of the fund+35%
- Check Point Software TechnologiesCHKP1.8% of the fund+19%
- Travelers CompaniesTRV1.6% of the fund+3%
- AT&TT1.5% of the fund+17%
- Consolidated EdisonED1.4% of the fund+8%
- KrogerKR1.4% of the fund+17%
- AlphabetGOOG1.4% of the fund+15%
- Procter & GamblePG1.3% of the fund+3%
- Labcorp HoldingsLH1.2% of the fund+14%
- Marsh & McLennan CompaniesMRSH1.2% of the fund+40%
- ExelonEXC1.1% of the fund+10%
- Walt DisneyDIS1.1% of the fund+6%
- AstrazenecaAZN1.0% of the fund+6%
- Gilead SciencesGILD1.0% of the fund+4%
- AdobeADBE1.0% of the fund+28%
- NetflixNFLX0.9% of the fund+40%
- PfizerPFE0.9% of the fund+13%
- MckessonMCK0.9% of the fund+36%
- HCA HealthcareHCA0.8% of the fund+30%
- W. P. CareyWPC0.8% of the fund+3%
- Agnico Eagle MinesAEM0.8% of the fund+5%
Cut
Sold some of their stake.
- AppleAAPL4.9% of the fund-9%
- AlphabetGOOGL4.3% of the fund-18%
- Cisco SystemsCSCO2.2% of the fund-25%
- W.W. GraingerGWW1.7% of the fund-8%
- Amazon.comAMZN1.6% of the fund-4%
- Meta PlatformsMETA1.6% of the fund-2%
- DavitaDVA1.5% of the fund-28%
- CitigroupC1.4% of the fund-17%
- Johnson & JohnsonJNJ1.3% of the fund-8%
- MerckMRK1.0% of the fund-21%
- NewmontNEM1.0% of the fund-12%
- BroadcomAVGO0.9% of the fund-18%
- Royal Bank of CanadaRY0.9% of the fund-10%
- AbbVieABBV0.9% of the fund-8%
- Public StoragePSA0.8% of the fund-14%
- Cardinal HealthCAH0.8% of the fund-13%
- Arrow ElectronicsARW0.7% of the fund-29%
- Elevance HealthELV0.7% of the fund-22%
- International Business MachinesIBM0.7% of the fund-23%
- CVS HealthCVS0.7% of the fund-33%
- Crown CastleCCI0.6% of the fund-12%
- JabilJBL0.6% of the fund-26%
- Factset Research SystemsFDS0.6% of the fund-8%
- Kraft HeinzKHC0.6% of the fund-21%
- Kinross GoldKGC0.5% of the fund-3%
Sold out
Sold their entire stake.
- J M SmuckerSJM-100%
- QualcommQCOM-100%
- West Pharmaceutical ServicesWST-100%
Holdings
- Royal Bank of CanadaRY
- Share
- 0.9%
- Value
- $5m
- Shares
- 26,130
-10%
- Agnico Eagle MinesAEM
- Share
- 0.8%
- Value
- $5m
- Shares
- 31,202
+5%
- Kinross GoldKGC
- Share
- 0.5%
- Value
- $3m
- Shares
- 141,300
-3%
- Toronto Dominion BankTD
- Share
- 0.4%
- Value
- $3m
- Shares
- 22,932
-16%
- Wheaton Precious MetalsWPM
- Share
- 0.4%
- Value
- $2m
- Shares
- 21,752
-28%
- Sumitomo Mitsui FIN GRPSMFG
- Share
- <0.1%
- Value
- $99,413
- Shares
- 4,216
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MicrosoftMSFT | 9.4% | $58m | 156,520 | +9% |
| Verizon CommunicationsVZ | 5.0% | $31m | 738,521 | +7% |
| AppleAAPL | 4.9% | $31m | 105,532 | -9% |
| AlphabetGOOGL | 4.3% | $27m | 74,627 | -18% |
| Everest GroupEG | 3.2% | $20m | 54,839 | +3% |
| NvidiaNVDA | 2.6% | $16m | 79,778 | +15% |
| VerisignVRSN | 2.3% | $14m | 56,395 | Held |
| Cisco SystemsCSCO | 2.2% | $14m | 118,584 | -25% |
| VisaV | 2.0% | $12m | 35,378 | Held |
| MedtronicMDT | 1.9% | $12m | 148,993 | +35% |
| Check Point Software TechnologiesCHKP | 1.8% | $11m | 85,933 | +19% |
| W.W. GraingerGWW | 1.7% | $10m | 7,634 | -8% |
| Amazon.comAMZN | 1.6% | $10m | 42,407 | -4% |
| Travelers CompaniesTRV | 1.6% | $10m | 30,267 | +3% |
| TotalEnergies SETTE | 1.6% | $10m | 125,944 | Held |
| Meta PlatformsMETA | 1.6% | $10m | 17,102 | -2% |
| DavitaDVA | 1.5% | $9m | 42,612 | -28% |
| AT&TT | 1.5% | $9m | 434,359 | +17% |
| CitigroupC | 1.4% | $9m | 63,753 | -17% |
| Consolidated EdisonED | 1.4% | $9m | 80,391 | +8% |
| KrogerKR | 1.4% | $9m | 159,525 | +17% |
| AlphabetGOOG | 1.4% | $9m | 24,130 | +15% |
| Procter & GamblePG | 1.3% | $8m | 57,010 | +3% |
| Johnson & JohnsonJNJ | 1.3% | $8m | 31,084 | -8% |
| Labcorp HoldingsLH | 1.2% | $7m | 26,366 | +14% |
| Marsh & McLennan CompaniesMRSH | 1.2% | $7m | 42,777 | +40% |
| ExelonEXC | 1.1% | $7m | 150,863 | +10% |
| Walt DisneyDIS | 1.1% | $7m | 70,500 | +6% |
| MerckMRK | 1.0% | $6m | 50,511 | -21% |
| Quest DiagnosticsDGX | 1.0% | $6m | 30,621 | Held |
| AstrazenecaAZN | 1.0% | $6m | 34,479 | +6% |
| NewmontNEM | 1.0% | $6m | 67,307 | -12% |
| Gilead SciencesGILD | 1.0% | $6m | 48,936 | +4% |
| Colgate-PalmoliveCL | 1.0% | $6m | 66,750 | Held |
| AdobeADBE | 1.0% | $6m | 28,953 | +28% |
| BroadcomAVGO | 0.9% | $6m | 15,485 | -18% |
| NetflixNFLX | 0.9% | $6m | 80,840 | +40% |
| PfizerPFE | 0.9% | $6m | 237,946 | +13% |
| General MotorsGM | 0.9% | $5m | 70,846 | Held |
| Royal Bank of CanadaRY | 0.9% | $5m | 26,130 | -10% |
| MckessonMCK | 0.9% | $5m | 7,066 | +36% |
| AbbVieABBV | 0.9% | $5m | 21,083 | -8% |
| Cigna GroupCI | 0.9% | $5m | 19,223 | Held |
| HCA HealthcareHCA | 0.8% | $5m | 13,092 | +30% |
| W. P. CareyWPC | 0.8% | $5m | 71,217 | +3% |
| Public StoragePSA | 0.8% | $5m | 15,856 | -14% |
| Cardinal HealthCAH | 0.8% | $5m | 20,888 | -13% |
| Agnico Eagle MinesAEM | 0.8% | $5m | 31,202 | +5% |
| Arrow ElectronicsARW | 0.7% | $5m | 21,586 | -29% |
| Bristol-Myers SquibbBMY | 0.7% | $5m | 79,705 | +6% |
| ExxonMobil HoldingsXOM | 0.7% | $5m | 32,963 | +51% |
| AccentureACN | 0.7% | $4m | 35,695 | +178% |
| Elevance HealthELV | 0.7% | $4m | 10,617 | -22% |
| Duke EnergyDUK | 0.7% | $4m | 32,170 | +3% |
| International Business MachinesIBM | 0.7% | $4m | 14,470 | -23% |
| CVS HealthCVS | 0.7% | $4m | 39,226 | -33% |
| General MillsGIS | 0.6% | $4m | 110,477 | +18% |
| Crown CastleCCI | 0.6% | $4m | 49,423 | -12% |
| JabilJBL | 0.6% | $4m | 9,536 | -26% |
| Factset Research SystemsFDS | 0.6% | $4m | 15,817 | -8% |
| Kraft HeinzKHC | 0.6% | $4m | 152,070 | -21% |
| ChevronCVX | 0.6% | $3m | 21,096 | +28% |
| Regeneron PharmaceuticalsREGN | 0.6% | $3m | 5,489 | +27% |
| Kinross GoldKGC | 0.5% | $3m | 141,300 | -3% |
| AirbnbABNB | 0.5% | $3m | 22,198 | -7% |
| Eli LillyLLY | 0.5% | $3m | 2,520 | -8% |
| Deckers OutdoorDECK | 0.5% | $3m | 29,431 | -3% |
| Uber TechnologiesUBER | 0.5% | $3m | 40,338 | +3% |
| Sun CommunitiesSUI | 0.5% | $3m | 23,990 | New |
| Toronto Dominion BankTD | 0.4% | $3m | 22,932 | -16% |
| UnitedHealth GroupUNH | 0.4% | $3m | 6,662 | -18% |
| GoDaddyGDDY | 0.4% | $3m | 31,631 | -15% |
| Magnum Ice CreamMICC | 0.4% | $3m | 149,280 | +6% |
| Roivant SciencesROIV | 0.4% | $3m | 73,367 | -21% |
| Vertex PharmaceuticalsVRTX | 0.4% | $3m | 5,105 | Held |
| United Parcel ServiceUPS | 0.4% | $3m | 23,336 | Held |
| Sabra Health Care REITSBRA | 0.4% | $2m | 126,557 | Held |
| Wheaton Precious MetalsWPM | 0.4% | $2m | 21,752 | -28% |
| StellantisSTLA | 0.4% | $2m | 416,305 | -23% |
| HPHPQ | 0.4% | $2m | 105,686 | -32% |
| CencoraCOR | 0.3% | $2m | 7,570 | New |
| OracleORCL | 0.3% | $2m | 13,960 | -15% |
| Rio TintoRIO | 0.3% | $2m | 16,372 | +22% |
| lululemon athleticaLULU | <0.1% | $574,325 | 5,030 | New |
| Mitsubishi UFJ Financial GroupMUFG | <0.1% | $367,050 | 18,454 | -28% |
| Sumitomo Mitsui FIN GRPSMFG | <0.1% | $99,413 | 4,216 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 11.0% since 30 June 2025.
Where the money is
Technology29.0%
Health care19.8%
Media & telecom15.8%
Financial services11.3%
Everyday goods5.4%
Retail & consumer4.0%
Utilities3.2%
Real estate3.1%
Materials3.0%
Energy2.9%
Industrials2.5%
Other0.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.