
Top Ten
Our Top 10 holdings, are our favourite companies. They typically have a wide moat, and are likely to earn excess profits over the long run. They have all scored very highly in our factor based selection methodology.
Please note these are not investment recommendations. Market Capitalisation as of 31/12/2024.

Company: Adobe Inc
Sector: Information Technology
Market Cap: $144.9bn
Purchased: May 2020
Adobe provides content creation, document management, digital marketing and advertising software and services to creative professionals and marketers. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Company: Alpha Group International Plc
Sector: Financials
Market Cap: $1.28bn
Purchased: Oct 2023
Alpha Group is a high-tech provider of financial solutions dedicated to corporates and institutions operating internationally. The majority of its revenue comes from its Corporate London segment.

Company: Arista Networks
Sector: Information Technology
Market Cap: $95.8bn
Purchased: Feb 2023
Arista Networks is an American networking equipment provider that primarily sells Ethernet switches and software to data centers. Microsoft and Meta Platforms are its largest customers, and around 75% of its $USD 4bn+ revenue is generated in North America.

Company: ASML Holding N.V.
Sector: Information Technology
Market Cap: $240.9bn
Purchased: Jul 2021
Netherlands based ASML develops, produces, and markets semiconductor manufacturing equipment, specifically machines for the production of chips through lithography. The company services clients worldwide.

Company: Fortinet Inc
Sector: Information Technology
Market Cap: $67.9bn
Purchased: Jan 2022
Fortinet is a US company which develops and sells software for information security including firewalls, antivirus programs or intrusion detection systems. The firm derives a majority of its revenue through sales of its subscriptions and support-based business and has more than 500,000 customers across the world.

Company: Fortnox Inc
Sector: Information Technology
Market Cap: $52.4bn
Purchased: May 2023
Fortnox is a flexible cloud-based business solutions platform for accountancy, bookkeeping, payroll and invoicing. Its high margin fast growing subscription model helps businesses start, grow and develop.

Company: Mastercard Inc
Sector: Financials
Market Cap: $437.5bn
Purchased: Aug 2020
Mastercard, the American financial services multinational is the second largest payment processor in the world. It operates in over 200 countries and 150 currencies. Its major brands are MasterCard, Maestro and Cirrus.

Company: Microsoft Corp
Sector: Information Technology
Market Cap: $2.9tn
Purchased: May 2020
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three overarching segments: Productivity and Business Processes, Intelligence Cloud, and Personal Computing. Through acquisitions, Microsoft owns Xamarin, LinkedIn, and GitHub.

Company: Novo Nordisk
Sector: Healthcare
Market Cap: $265.6bn
Purchased: May 2020
A global healthcare company with 90 years of innovation and leadership in diabetes care, it has almost 50% market share by volume of the global insulin market. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy.

Company: Nvidia Corp
Sector: Information Technology
Market Cap: $2.79tn
Purchased: Mar 2022
Nvidia is an American multi-national technology company, and a leading developer of graphics processing units. It is a dominant supplier of artificial intelligence hardware and software, employing almost 30,000 people.