WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST
LONDON, X0
$9.0bn in 20 US stocks at the end of 30 June 2026. The top 10 are 74.3% of the money. It changed about 5.1% of the portfolio this quarter.
Value
$9.0bn
Stocks
20
Top 10 share
74.3%
Turnover
5.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- MicrosoftMSFT7.0% of the fund+13%
- MastercardMA4.1% of the fund+7%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- MedlineMDLN-100%
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 5.8%
- Value
- $524m
- Shares
- 700
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| VisaV | 9.1% | $823m | 2,400,000 | Held |
| AppleAAPL | 9.0% | $810m | 2,800,000 | Held |
| Amazon.comAMZN | 8.7% | $787m | 3,300,000 | Held |
| Cisco SystemsCSCO | 7.8% | $705m | 6,000,000 | Held |
| AlphabetGOOGL | 7.1% | $643m | 1,800,000 | Held |
| AlphabetGOOG | 7.1% | $636m | 1,800,000 | Held |
| MicrosoftMSFT | 7.0% | $632m | 1,695,117 | +13% |
| LindeLIN | 6.4% | $581m | 1,120,000 | Held |
| DoorDashDASH | 6.1% | $554m | 3,000,000 | Held |
| Berkshire Hathaway INC DELBRK-A | 5.8% | $524m | 700 | Held |
| Edwards LifesciencesEW | 4.8% | $434m | 4,800,000 | Held |
| Johnson & JohnsonJNJ | 4.5% | $406m | 1,600,000 | Held |
| MastercardMA | 4.1% | $369m | 717,500 | +7% |
| Abbott LaboratoriesABT | 3.1% | $284m | 3,125,000 | Held |
| PepsiCoPEP | 3.0% | $271m | 2,000,000 | Held |
| ServiceNowNOW | 2.5% | $223m | 2,250,000 | Held |
| AccentureACN | 1.5% | $137m | 1,100,000 | Held |
| NikeNKE | 1.4% | $123m | 3,000,000 | Held |
| Klarna GroupKLAR | 0.7% | $64m | 3,158,340 | Held |
| Neumora TherapeuticsNMRA | <0.1% | $6m | 3,309,123 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4.0% since 30 June 2025.
Where the money is
Technology27.8%
Retail & consumer16.2%
Media & telecom14.2%
Financial services13.9%
Health care12.5%
Materials6.4%
Everyday goods3.0%
Other5.8%
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.