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.
(Note these are not investment recommendations)
Company: Alpha Group International Plc
Sector: Financials
Market Cap: $1bn
Purchased: October 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: AutoZone Inc
Sector: Consumer Discretionary
Market Cap: $45bn
Purchased: July 2020
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, roughly three quarters in fiscal 2020, and has a growing presence in Mexico and Brazil. AutoZone had 6,549 stores in the U.S. (5,885), Mexico (621), and Brazil (43) as of the end of fiscal 2020.
Company: Dollarama
Sector: Consumer Discretionary
Market Cap: $19bn
Purchased: July 2023
Dollarama is a Canadian discount retail chain offering general household merchandise, consumable products and seasonal items with over 1,500 stores across the country. Annual revenue is around C$5bn a year.
Company: Equasens
Sector: Health Care
Market Cap: $1bn
Purchased: August 2023
Equasens is a French company providing software solutions to the Health Care sector, including both professionals (pharmacists, hospitals, health centres etc) and to patients. It has operations in France, Italy, Belgium, Luxembourg and the UK.
Company: Fortinet
Sector: Information Technology
Market Cap: $46bn
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: Mastercard Inc
Sector: Information Technology
Market Cap: $372bn
Purchased: November 2021
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: MSCI
Sector: Financials
Market Cap: $43bn
Purchased: August 2020
MSCI is a global provider of equity, fixed income, real estate indexes, multi-asset portfolio analysis tools, ESG and climate products. In addition, it boasts over $1 trillion in ETF assets linked to MSCI indexes.
Company: Novo Nordisk A/S
Sector: Healthcare
Market Cap: $545bn
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: $1.967bn
Purchased: March 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.