1y return+3.4%S&P 500 +20.9%
3y return+35.6%S&P 500 +68.5%
5y return+21.9%S&P 500 +74.5%
10y return+222.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $323 against $357 in the S&P 500.2
WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUSTS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VVisa Inc | $823.4M | 9.1% | |
| AAPLApple Inc | $810.2M | 9.0% | |
| AMZNAmazon Com Inc | $786.5M | 8.7% | |
| CSCOCisco Sys Inc | $704.8M | 7.8% | |
| GOOGLAlphabet Inc | $643.3M | 7.1% | |
| GOOGAlphabet Inc | $636.0M | 7.1% | |
| MSFTMicrosoft Corp | $632.3M | 7.0% | +13.0% |
| Linde PLCCUSIP G54950103 | $581.2M | 6.4% | |
| DASHDoordash Inc | $553.6M | 6.1% | |
| BRK/ABerkshire Hathaway Inc Del | $524.2M | 5.8% | |
| EWEdwards Lifesciences Corp | $434.2M | 4.8% | |
| JNJJohnson & Johnson | $406.4M | 4.5% | |
| MAMastercard Incorporated | $368.5M | 4.1% | +7.1% |
| ABTAbbott Laboratories | $283.6M | 3.1% | |
| PEPPepsico Inc | $270.8M | 3.0% | |
| NOWServicenow Inc | $223.4M | 2.5% | |
| Accenture PLC IrelandCUSIP G1151C101 | $136.9M | 1.5% | |
| NKENike Inc | $123.2M | 1.4% | |
| Klarna Group PLCCUSIP G5279N105 | $63.9M | 0.7% | |
| NMRANeumora Therapeutics Inc. | $5.6M | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $643.3M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $636.0M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $810.2M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $524.2M |
| CSCOCisco Sys Inc | June 30, 2020 | +151.8% | $704.8M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $632.3M |
| JNJJohnson & Johnson | June 30, 2020 | +80.6% | $406.4M |
| VVisa Inc | June 30, 2020 | +77.6% | $823.4M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $786.5M |
| Linde PLCCUSIP G54950103 | March 31, 2023 | +46.0% | $581.2M |
Sold off last quarter
- MDLNMedline Inc was $6.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.2% | +14.8% |
| March 31, 2026 | −11.6% | −4.6% |
| December 31, 2025 | +1.4% | +2.4% |
| September 30, 2025 | +4.7% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
| December 31, 2024 | +4.2% | +2.1% |
| September 30, 2024 | +5.1% | +5.4% |
| June 30, 2024 | −0.8% | +4.0% |
| March 31, 2024 | +7.1% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −2.5% | −3.6% |
| June 30, 2023 | +9.9% | +8.3% |
| March 31, 2023 | +11.1% | +7.0% |
| December 31, 2022 | +5.6% | +7.1% |
| September 30, 2022 | −10.3% | −5.3% |
| June 30, 2022 | −18.2% | −16.5% |
| March 31, 2022 | −8.5% | −4.9% |
| December 31, 2021 | +3.7% | +10.7% |
| September 30, 2021 | +0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1026720&type=13F-HR&dateb=&owner=include&count=40CIK 1026720
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1026720/000101297526000630/Filed July 9, 2026 · accession 0001012975-26-000630