# WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1026720. Source: https://holderbook.com/funds/1026720-wellcome-trust-ltd-the-as-trustee-of-the-wellcome-trust/

- Reported value: $9.0B
- Positions: 20
- Weight of the ten largest: 74.3%
- Filed: 2026-07-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VISA INC | [V](https://holderbook.com/stocks/V/) | $823.4M | 2,400,000 | 9.1% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $810.2M | 2,800,000 | 9.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $786.5M | 3,300,000 | 8.7% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $704.8M | 6,000,000 | 7.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $643.3M | 1,800,000 | 7.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $636.0M | 1,800,000 | 7.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $632.3M | 1,695,117 | 7.0% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $581.2M | 1,120,000 | 6.4% | 14 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $553.6M | 3,000,000 | 6.1% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $524.2M | 700 | 5.8% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $434.2M | 4,800,000 | 4.8% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $406.4M | 1,600,000 | 4.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $368.5M | 717,500 | 4.1% | 19 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $283.6M | 3,125,000 | 3.1% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $270.8M | 2,000,000 | 3.0% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $223.4M | 2,250,000 | 2.5% | 21 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $136.9M | 1,100,000 | 1.5% | 26 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $123.2M | 3,000,000 | 1.4% | 26 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $63.9M | 3,158,340 | 0.7% | 4 |
| NEUMORA THERAPEUTICS INC. | [NMRA](https://holderbook.com/stocks/NMRA/) | $5.6M | 3,309,123 | 0.1% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.2% | +14.8% | -4.6% | 100% |
| Q1 2026 | -11.6% | -4.6% | -7.0% | 100% |
| Q4 2025 | +1.4% | +2.4% | -0.9% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.2% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.8% | 100% |
| Q1 2025 | -3.2% | -4.6% | +1.3% | 100% |
| Q4 2024 | +4.2% | +2.1% | +2.0% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $9.0B | 20 |
| Q1 2026 | $8.1B | 21 |
| Q4 2025 | $9.3B | 21 |
| Q3 2025 | $9.2B | 21 |
| Q2 2025 | $8.7B | 20 |
| Q1 2025 | $8.0B | 20 |
| Q4 2024 | $8.3B | 21 |
| Q3 2024 | $8.2B | 22 |
| Q2 2024 | $7.8B | 23 |
| Q1 2024 | $8.3B | 23 |
| Q4 2023 | $8.1B | 23 |
| Q3 2023 | $7.5B | 23 |