Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
48
Top-10 weight
48.67%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
26
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
615.0
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TSMC | — | 1,303,000 | $75.36M | 11.95% |
| 2 | TENCENT HOLDINGS LTD | — | 704,183 | $44.41M | 7.04% |
| 3 | ASTRAZENECA PLC | — | 146,169 | $28.58M | 4.53% |
| 4 | ASML Holding NV | — | 20,967 | $27.88M | 4.42% |
| 5 | MASTERCARD INC CL A | — | 52,710 | $26.34M | 4.17% |
| 6 | HOYA CORP | — | 145,114 | $25.16M | 3.99% |
| 7 | Thornburg Capital Management Fund | — | 2,414,782 | $24.15M | 3.83% |
| 8 | FERRARI NV | — | 55,524 | $18.79M | 2.98% |
| 9 | LONZA GROUP -REG | — | 29,067 | $18.65M | 2.96% |
| 10 | ROLLS-ROYCE HOLDINGS PLC | — | 1,094,458 | $16.63M | 2.64% |
| 11 | ADV MICRO DEVICE | — | 73,967 | $15.05M | 2.39% |
| 12 | ASM INTL NV | — | 19,111 | $14.49M | 2.30% |
| 13 | BE SEMICONDUCTOR | — | 65,028 | $13.93M | 2.21% |
| 14 | MERCADOLIBRE INC | — | 7,870 | $13.61M | 2.16% |
| 15 | SHOPIFY INC CL A | — | 114,233 | $13.55M | 2.15% |
| 16 | L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | AIQUF | 64,042 | $13.24M | 2.10% |
| 17 | DIPLOMA PLC COMMON STOCK | DPLM | 159,132 | $12.71M | 2.01% |
| 18 | SEA LTD ADR | — | 151,177 | $12.52M | 1.98% |
| 19 | ARISTA NETWORKS INC | — | 90,098 | $11.06M | 1.75% |
| 20 | DEUTSCHE BOERSE | — | 37,076 | $10.86M | 1.72% |
| 21 | SAMSUNG ELECTRONICS CO LTD | — | 92,222 | $10.79M | 1.71% |
| 22 | SCHNEIDER ELECTR | — | 37,119 | $10.11M | 1.60% |
| 23 | BNP PARIBAS | — | 101,308 | $9.65M | 1.53% |
| 24 | E.ON SE | — | 434,019 | $9.51M | 1.51% |
| 25 | JAPAN EXCHANGE G | — | 807,200 | $9.43M | 1.49% |
| 26 | MTU AERO ENGINES | — | 25,610 | $9.34M | 1.48% |
| 27 | VEND MARKE CL-B | — | 371,368 | $9.19M | 1.46% |
| 28 | ALCON INC | — | 117,859 | $8.91M | 1.41% |
| 29 | NOMURA RESEARCH | — | 315,000 | $8.62M | 1.37% |
| 30 | SMG Swiss Marketplace Group Holding AG | SMG | 242,035 | $8.46M | 1.34% |
| 31 | AERCAP HOLDINGS NV | AER US | 60,729 | $8.33M | 1.32% |
| 32 | ICICI BANK LTD | — | 632,004 | $8.15M | 1.29% |
| 33 | THALES SA | — | 26,691 | $7.83M | 1.24% |
| 34 | BRUNELLO CUCINEL | — | 84,821 | $7.41M | 1.18% |
| 35 | B3 SA | — | 2,027,767 | $7.20M | 1.14% |
| 36 | NU HOLDINGS LTD/CAYMAN ISLANDS | — | 449,087 | $6.45M | 1.02% |
| 37 | CELLEBRITE DI LTD | — | 457,217 | $6.30M | 1.00% |
| 38 | NITTO BOSEKI CO | — | 48,300 | $6.11M | 0.97% |
| 39 | PB FINTECH LTD | — | 390,642 | $5.92M | 0.94% |
| 40 | LOTTOMATICA GROU | — | 201,493 | $5.82M | 0.92% |
| 41 | MONEY FORWARD IN | — | 255,800 | $5.70M | 0.90% |
| 42 | FAIRFAX INDI-SVS | FIH/U CN | 299,961 | $4.81M | 0.76% |
| 43 | KANZHUN LTD CL A ADR | BZ US | 305,274 | $4.09M | 0.65% |
| 44 | Receive CONTEMPORARY A-A Pay Overnight Rate -1 | — | 54,500 | $3.22M | 0.51% |
| 45 | WISE PLC - A | — | 265,518 | $3.20M | 0.51% |
| 46 | ZHONGJI INNOLI-A | — | 35,900 | $3.08M | 0.49% |
| 47 | GLOBANT SA | GLOB | 62,897 | $2.90M | 0.46% |
| 48 | BIOARCTIC AB | — | 32,994 | $1.12M | 0.18% |
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