This page lists my holdings as of February 2021.
Taking a themed approach
Most of my portfolio is in global investment trusts and funds but I’m also investing in a few themes that I like such as UK small-caps, technology, biotech/healthcare and infrastructure/renewables.
I also have a small position in a venture capital trust (VCT) but I tend to group that with my UK small-cap trusts as it largely invests in the same sort of companies.
Overall, my investments are somewhat weighted towards the UK. I reckon about 30% of my underlying holdings are UK-listed businesses, which is much higher than the 5% or so you’d get with a standard global tracker.
In addition to investment trusts, I also own an exchange-traded fund (Vanguard All-World ETF: VWRL) and a couple of open-ended funds (Lindsell Train Global and Fundsmith Equity).
My wife and children also have some investments in various global index trackers.
What’s not listed here
I sometimes hold one or two individual company shares but I don’t intend to list them here. They tend to be very small positions.
Likewise, I don’t plan to list any free shares I’ve been awarded by Freetrade.
In terms of other assets, a decent chunk of my net worth consists of residential and commercial property. Therefore, I am not 100% exposed to equities. I also keep the usual ’emergency fund’ of cash to cover unexpected expenses.
I don’t own any fixed-income securities (i.e. bonds/gilts) right now. That’s something I am thinking of adding, although it’s not an asset class that’s well served by investment trusts (the trusts that do specialise in debt tend to be rather esoteric).
I don’t trade very often, typically just a few times a year, and when I do it’s usually to top up a holding I already own.
Some folks like to trade their investment trusts a bit more actively, taking advantage of discount moves, but I don’t tend to play that game. I’m looking for long-term trends and strategies where I can hold a position for several years at least.
As Charlie Munger famously said: “The first rule of compounding is never to interrupt it unnecessarily“.
Market timing isn’t my thing either as most evidence I’ve come across seems to show it’s extremely hard to do successfully on a consistent basis. That means I’m usually fully invested and I regularly reinvest my dividends.
I’ve written about my investing strategy in more detail, outlining what I am aiming to do and how I plan to do it.
And you can find my portfolio reviews here, where I track my performance against global and UK index trackers on a quarterly basis.
None of the trusts listed below, or anywhere else on this site, should be considered as buy, hold or sell recommendations.
I am not registered to give any kind of financial advice and what I think suits my investment purposes and my tolerance for risk may not be appropriate for others.
As the saying goes, you should always do your own research.
I’ve organised my list of holdings into themes:
- Caledonia Investments (CLDN)
- Fundsmith Equity (Fund)
- JPMorgan Global Growth and Income (JGGI)
- Keystone Positive Change (KIT)
- Lindsell Train Global Equity (Fund)
- RIT Capital Partners (RCP)
- Smithson (SSON)
- Vanguard FTSE All-World ETF (VWRL)
- Acorn Income Fund (AIF)
- Baronsmead Venture Trust (BVT)
- BlackRock Smaller Companies (BRSC)
- Henderson Smaller Companies (HSL)
- HG Capital (HGT) #
# HG is a private equity trust but it’s very heavily weighted to technology. Purely for my purposes, I’m treating it as a tech trust.
Recent outright sales
- 2019 – City Of London Investment Trust (CTY)
- 2020 – Murray International (MYI) and Princess Private Equity (PEYS)
Please note that I may own some of the investments mentioned above -- you can see my current holdings on my portfolio page.
Nothing on this website should be regarded as a buy or sell recommendation as I'm just a random person writing a blog in his spare time and I am not authorised to give financial advice. Always do your own research and seek financial advice if necessary!
A free share with Freetrade
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Your free share is selected at random and usually awarded a week or so after you have funded your account with at least £1. I also receive a random free share for each completed sign-up. You could get an individual company share, an ETF or, if you're really lucky, an investment trust!
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