M&G PLC
Reported US equity positions for Q1 2026 — $19.3B across 421 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| MSFT Microsoft Corporation | $1.1B | 5.5% | 2,861,372 |
| G0250X149 Amcor PLC | $1.0B | 5.2% | 25,183,844 |
| G0593M107 Astrazeneca PLC | $816.8M | 4.2% | 4,204,199 |
| MEOH Methanex Corporation | $747.2M | 3.9% | 12,453,376 |
| META Meta Platforms, Inc. | $532.5M | 2.8% | 930,993 |
| GOOGL Alphabet Inc. | $465.3M | 2.4% | 1,615,529 |
| VFC V.F. Corporation | $438.4M | 2.3% | 25,786,464 |
| NEE NextEra Energy, Inc. | $375.2M | 1.9% | 4,034,446 |
| AVGO Broadcom Inc. | $368.3M | 1.9% | 1,187,993 |
| BMY Bristol-Myers Squibb Company | $351.6M | 1.8% | 5,764,140 |
| WFC Wells Fargo & Company | $312.5M | 1.6% | 3,906,676 |
| G5960L103 Medtronic PLC | $292.3M | 1.5% | 3,359,670 |
| F92124100 Totalenergies Se | $292.0M | 1.5% | 3,118,948 |
| AAPL Apple Inc. | $278.0M | 1.4% | 1,094,595 |
| EQIX Equinix, Inc. | $277.2M | 1.4% | 282,809 |
| V Visa Inc. | $263.8M | 1.4% | 873,350 |
| G51502105 Johnson Controls Internation | $262.1M | 1.4% | 2,000,914 |
| NVDA NVIDIA Corporation | $254.1M | 1.3% | 1,460,195 |
| RSG Republic Services, Inc. | $250.5M | 1.3% | 1,143,610 |
| HTHT H World Group Limited | $233.9M | 1.2% | 4,677,290 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $229.7M | 1.2% | 847,584 |
| FNV Franco-Nevada Corporation | $220.1M | 1.1% | 889,974 |
| QCOM QUALCOMM Incorporated | $216.0M | 1.1% | 1,674,676 |
| G1151C101 Accenture PLC Ireland | $213.5M | 1.1% | 1,078,492 |
| N5505D105 Magnum Ice Cream Co Nv | $212.9M | 1.1% | 14,172,252 |
| EBAY eBay Inc. | $204.4M | 1.1% | 2,246,015 |
| CME CME Group Inc. | $201.8M | 1.0% | 684,081 |
| H42097107 Ubs Group Ag | $193.2M | 1.0% | 4,980,760 |
| AMT American Tower Corporation (REIT) | $193.0M | 1.0% | 1,115,542 |
| SNPS Synopsys, Inc. | $188.6M | 1.0% | 476,285 |
| TMO Thermo Fisher Scientific Inc | $185.3M | 1.0% | 376,718 |
| INTU Intuit Inc. | $179.7M | 0.9% | 415,944 |
| LOW Lowe's Companies, Inc. | $178.0M | 0.9% | 754,374 |
| EWW iShares MSCI Mexico ETF | $169.8M | 0.9% | 2,257,723 |
| ARES Ares Management Corporation Class A | $168.8M | 0.9% | 1,548,714 |
| HDB HDFC Bank Limited | $163.6M | 0.8% | 6,544,365 |
| DGX Quest Diagnostics Incorporated | $157.8M | 0.8% | 805,341 |
| AMGN Amgen Inc. | $154.6M | 0.8% | 439,063 |
| ON ON Semiconductor Corporation | $153.0M | 0.8% | 2,467,162 |
| BALL Ball Corporation | $142.6M | 0.7% | 2,417,014 |
| AMZN Amazon.com, Inc. | $139.7M | 0.7% | 671,420 |
| BDX Becton, Dickinson and Company | $138.6M | 0.7% | 883,053 |
| LNG Cheniere Energy, Inc. | $132.7M | 0.7% | 467,428 |
| CSX CSX Corporation | $132.4M | 0.7% | 3,230,134 |
| ENB Enbridge Inc | $131.8M | 0.7% | 2,444,759 |
| KVUE Kenvue Inc. | $128.8M | 0.7% | 7,579,318 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $122.3M | 0.6% | 361,809 |
| AXP American Express Company | $116.8M | 0.6% | 386,758 |
| MSA MSA Safety Incorporated | $114.5M | 0.6% | 698,002 |
| AWK American Water Works Company, Inc. | $105.7M | 0.5% | 777,173 |
| G54950103 Linde PLC | $105.0M | 0.5% | 211,771 |
| ATAT Atour Lifestyle Holdings Limited | $104.0M | 0.5% | 2,810,658 |
| CRM Salesforce, Inc. | $96.7M | 0.5% | 517,317 |
| MA Mastercard Incorporated | $95.4M | 0.5% | 190,750 |
| IP International Paper Company | $90.2M | 0.5% | 2,559,390 |
| G7997R103 Seagate Technology Hldngs Pl | $87.0M | 0.4% | 221,909 |
| ELV Elevance Health, Inc. | $86.7M | 0.4% | 295,942 |
| BN Brookfield Corporation Class A Limited Voting Shares | $83.9M | 0.4% | 2,098,614 |
| JPM JP Morgan Chase & Co. | $83.8M | 0.4% | 284,971 |
| H2906T109 Garmin LTD | $82.9M | 0.4% | 357,219 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| MSFT Microsoft Corporation | Add | $1.1B | $1.2B | +18% |
| MEOH Methanex Corporation | Trim | $747.2M | $510.3M | -2% |
| META Meta Platforms, Inc. | Add | $532.5M | $578.9M | +6% |
| GOOGL Alphabet Inc. | Add | $465.3M | $476.1M | +6% |
| NEE NextEra Energy, Inc. | Trim | $375.2M | $382.3M | -16% |
| AVGO Broadcom Inc. | Add | $368.3M | $274.1M | +50% |
| BMY Bristol-Myers Squibb Company | Trim | $351.6M | $385.3M | -19% |
| WFC Wells Fargo & Company | Add | $312.5M | $322.2M | +13% |
| G5960L103 Medtronic PLC | Add | $292.3M | $243.2M | +33% |
| F92124100 Totalenergies Se | Trim | $292.0M | $217.4M | -6% |
| AAPL Apple Inc. | Add | $278.0M | $284.2M | +5% |
| EQIX Equinix, Inc. | Trim | $277.2M | $239.4M | -10% |
| V Visa Inc. | Add | $263.8M | $257.6M | +19% |
| G51502105 Johnson Controls Internation | Trim | $262.1M | $286.0M | -16% |
| NVDA NVIDIA Corporation | Add | $254.1M | $264.5M | +3% |
| RSG Republic Services, Inc. | Trim | $250.5M | $251.1M | -3% |
| HTHT H World Group Limited | Trim | $233.9M | $282.3M | -22% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Trim | $229.7M | $286.0M | -2% |
| FNV Franco-Nevada Corporation | Trim | $220.1M | $213.0M | -13% |
| QCOM QUALCOMM Incorporated | Trim | $216.0M | $310.8M | -8% |
| G1151C101 Accenture PLC Ireland | Add | $213.5M | $277.9M | +4% |
| N5505D105 Magnum Ice Cream Co Nv | Add | $212.9M | $129.2M | +80% |
| EBAY eBay Inc. | Trim | $204.4M | $213.7M | -9% |
| CME CME Group Inc. | Trim | $201.8M | $271.6M | -31% |
| H42097107 Ubs Group Ag | Add | $193.2M | $209.6M | +11% |
| AMT American Tower Corporation (REIT) | Add | $193.0M | $189.2M | +4% |
| SNPS Synopsys, Inc. | Trim | $188.6M | $263.1M | -15% |
| TMO Thermo Fisher Scientific Inc | Trim | $185.3M | $239.1M | -9% |
| INTU Intuit Inc. | Add | $179.7M | $63.9M | +331% |
| LOW Lowe's Companies, Inc. | Trim | $178.0M | $221.4M | -18% |
| ARES Ares Management Corporation Class A | Add | $168.8M | $197.5M | +27% |
| HDB HDFC Bank Limited | Trim | $163.6M | $251.8M | -4% |
| DGX Quest Diagnostics Incorporated | Trim | $157.8M | $164.4M | -15% |
| AMGN Amgen Inc. | Trim | $154.6M | $150.2M | -4% |
| ON ON Semiconductor Corporation | Trim | $153.0M | $138.5M | -4% |
| BALL Ball Corporation | Add | $142.6M | $123.3M | +4% |
| AMZN Amazon.com, Inc. | Add | $139.7M | $133.7M | +16% |
| BDX Becton, Dickinson and Company | Trim | $138.6M | $178.0M | -4% |
| LNG Cheniere Energy, Inc. | Trim | $132.7M | $125.1M | -28% |
| CSX CSX Corporation | Trim | $132.4M | $130.6M | -11% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.